article thumbnail

18% Growth Unlocked: Text Analytics Uncovers Challenges in Mutual Fund

SurveySensum

You see the quantitative feedback will only give you a score, but only with proper analysis of qualitative feedback can you identify areas of improvement. With the help of Text Analytics Feature, you can properly analyze your NPS program. For the category ‘Information/Knowledge’ the NPS score was -12. But how to do that?

article thumbnail

Improving NPS with Text Analytics – Learn from the Pros

SurveySensum

Your NPS score helps you gauge your customer loyalty and satisfaction with your product, service, and overall business success. A higher NPS score is associated with increased customer retention and long-term profitability, whereas a low score requires immediate action. But how to achieve this?

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Lumoa

It involves measuring customer effort on customer service interactions, such as the number of customer emails received, the length of customer wait times, and the number of customer complaints. Net Promoter Score Net Promoter Score , or often, NPS, is a numerical part of the Net Promoter System, customer metric.

article thumbnail

Defining the Value of Customer Experience: A Guide for Creating CX ROI in A Constantly Changing World

Experience Investigators

Metrics from customer surveys like Net Promoter Score (NPS) or Customer Satisfaction Rate (CSAT) are measurements from a certain group of customers to consider in your strategic decisions. Some organizations find that focusing on retaining customers in volatile times can provide more revenue than sales.

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. Properly integrated customer experience KPIs will expand their influence over the whole organisation and should be also followed by the whole organisation. The score should be above 0.

article thumbnail

6 Customer Feedback Strategy: Turning Feedback into Action

SurveySensum

Well, tools like ‘SurveySensum’s Text Analytics ’ are the key here! Gather feedback via ‘Feedback Tool’ or ‘ Upload all previous responses ’ on the platform and hit ‘Text Analytics’. You will get top trends and sentiments from thousands of uploaded feedback in just a few seconds.

article thumbnail

How to Measure Customer Satisfaction: Goals, Metrics, & Strategies

SurveySensum

To truly understand customer satisfaction, businesses rely on KPIs. These KPIs help measure various aspects of customer happiness and provide actionable insights. To calculate it, divide the number of customers lost during a given period by the total number at the start of that period. Here are five essential ones.