Remove Customer Retention Remove Customer Survey Remove Net Promoter Score Remove Predictive Analytics
article thumbnail

Customer analytics 101: How to make the most of your data

Zendesk

You can gather this information by using an open-ended survey question or by reading reviews and social media comments. Predictive analytics. Predictive analytics forecasts what your customers are likely to do based on historical data. This can result in higher customer satisfaction, retention, and revenue.

article thumbnail

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

Lumoa

Why are your customers turning away from you? Why is the retention of your customers so high/low? But machine learning technologies can also help you to move from diagnostic to predictive analytics: if I fix this issue in my customer experience, how much will my churn decrease?

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

The Definitive Guide to Creating a Standout Customer Experience Strategy Template

Lumoa

With customers willing to pay higher prices for quality service, every company is looking to upgrade its customer experience capabilities. Before developing a customer experience strategy, you need to identify the metrics against which you will measure your performance. This exercise of creating buyer personas is critical.

article thumbnail

The Definitive Guide to Creating a Standout Customer Experience Strategy

Lumoa

With customers willing to pay higher prices for quality service, every company is looking to upgrade its customer experience capabilities. Before developing a customer experience strategy, you need to identify the metrics against which you will measure your performance. This exercise of creating buyer personas is critical.

article thumbnail

Customer Experience Strategy: An A to Z Glossary

Lumoa

Actionability Actionability is the result of analytics leading to concrete decisions and changes and actions within the company. Why are your customers turning away from you? Why is the retention of your customers so high/low? The Net Promoter Score is often called " The Only Number You Need to Grow ".

article thumbnail

A to Z Guide to Customer Experience Definitions and Terms

Lumoa

Actionability Actionability is the result of analytics leading to concrete decisions and changes and actions within the company. Why are your customers turning away from you? Why is the retention of your customers so high/low? The Net Promoter Score is often called " The Only Number You Need to Grow ".

article thumbnail

Learn how analytics is the key to a differentiated customer experience program with Dun & Bradstreet

Qualtrics

In the latest in our series of “ Customer Experience Visionaries “, Rachel Richter, VP of Customer Insights at Dun and Bradstreet, joins us to talk about bringing together quantitative and qualitative data to improve customer retention, creating a data-driven culture, and corporate social responsibility.