article thumbnail

Customer Service Dictionary: Important Definitions In The Contact Center

CSAT.AI

Churn Rate : The percentage of customers who stop doing business with a company over a period of time. Note: Churn as a loss can be applied to customers or agents. Conversational AI : A set of artificial intelligence based technologies that can recognize and respond to human speech and text inputs at a human level.

article thumbnail

Revenue churn: What it is + how to calculate it

Zendesk

However, a pattern of consistent customer cancellations or downgrades indicates that there may be issues with your product or your customer experience. Understanding this metric can help you in key areas like: Customer retention : Revenue churn can help identify what your customers appreciate—and what they don’t.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

Whether you’re new to customer experience or seeking inspiration, this guide serves as your ultimate resource for exploring and delving deeper into this exciting field. more friendly behavior in customer service) Marketing to take the info into account in better targeting (e.g.

article thumbnail

Customer Experience Strategy: An A to Z Glossary

Lumoa

Whether you’re new to customer experience or coming for little inspiration, this is the right place. more friendly behavior in customer service) Marketing to take the info into account in better targeting (e.g. upselling to the most loyal customers) Process changes (e.g. ACT ON CUSTOMER FEEDBACK! So let’s start!

article thumbnail

The Definitive Guide to Creating a Standout Customer Experience Strategy Template

Lumoa

Customer effort score (CES), CSAT, and NPS are examples of metrics applicable in either case. But since customer experience has a more broader outlook than customer service, additional data like repeat sales figures and customer retention rate are also taken into consideration.

article thumbnail

The Definitive Guide to Creating a Standout Customer Experience Strategy

Lumoa

Customer effort score (CES), CSAT, and NPS are examples of metrics applicable in either case. But since customer experience has a more broader outlook than customer service, additional data like repeat sales figures and customer retention rate are also taken into consideration.

article thumbnail

A to Z Guide to Customer Experience Definitions and Terms

Lumoa

Whether you’re new to customer experience or coming for little inspiration, this is the right place. more friendly behavior in customer service) Marketing to take the info into account in better targeting (e.g. upselling to the most loyal customers) Process changes (e.g. ACT ON CUSTOMER FEEDBACK! So let’s start!