Experience management: Beyond data collection for deep insight, better CX

With the rise of the internet, smartphones, and social media, it’s never been easier for customers and employees to evaluate which companies provide great experiences and which ones don’t.

Experience management is the process of monitoring every interaction people experience with a company in order to support improvements. Experience management solutions provide businesses with the insight to surpass competitors by providing far superior experiences with their brands. They do this by allowing businesses to:

1. Collect experience data from stakeholders at every meaningful touchpoint
2. Analyze and understand why things are happening and what to do about it
3. Automate actions that drive improvement across customer, employee, product, and brand experiences

Measuring customer impressions

Why measure every meaningful interaction? Because emotions and sentiments can change at a moment’s notice. Gathering experience data is an ongoing process to solicit feedback from the right people, at the right time, and for the right reasons.

Tools that take survey data a step further and use deep learning neural networks, artificial intelligence, and machine learning can uncover hidden insights and patterns. You can then identify actions to prevent potential problems from surfacing. Sharing insights with the right people, setting action plans, and tracking improvements is how an experience management solution drives business results.

How an experience management solution works

Using an experience management platform, organizations can create digital polls that measure your target audience’s experiences. But a complete experience management solution goes beyond data collection. It enables businesses to interpret and analyze large amounts of experience data and understand its relationship to the operations of the business.

Experience data comes from things like customer feedback, net promoter scoring, product reviews, brand sentiment, and employee engagement. Where operational data tells you what’s happening, experience data tells you why it’s happening.

A company can create a feedback loop that continually monitors (and uses) people’s perceptions to improve its most important initiatives across core areas of business operations, including customer experience, employee experience, and product experience.

Customer experience management

Your customer experience (CX) has never been more critical. Consumers will readily switch brands because of a poor experience and are quick to tell their friends and family about it. With advanced experience management technology, you can connect, analyze, act on customer feedback in real time to make sure you’re delivering the experiences your customers desire, resulting in improved customer spend and loyalty.

Through an agile customer experience platform, you can create natural conversations all along the at almost every point of customer engagement – in-store, after a phone conversation, online, or while visiting your mobile app. By running statistical tests on the experience data you collect, you can see what influencers have the most significant impact on customer behavior.

When you deliver the results through real-time dashboards, each person, from executives to frontline workers, can receive the metrics they need to understand how customers feel to improve performance. Your entire organization can operate with relevant insights, resulting in higher customer satisfaction scores, decreased customer churn, and increased revenue.

Assessing the employee experience

From the moment someone looks at your job ad to the moment they leave your company, everything that worker learns, does, sees, and feels contributes to their employee experience.

To improve the employee experience, an organization must listen to its people at each stage of the employee lifecycle, identify what matters most to them, and create personalized experiences.

By integrating an experience management solution with your HR information system, you can monitor sentiments throughout the employee lifecycle. You can trigger surveys, asking for feedback on every event. You can also drive that feedback back into the system. In this way, you have full visibility of how experience data correlates to operational data for a full view of the employee experience to make real improvements for the benefit of your organization.

Product experience

It’s a very crowded marketplace. There are a lot of hungry competitors looking for an opportunity to take a bite out of your market share. You have to keep innovating to make sure your customers experience products that meet their everchanging needs.

Product experience is what drives customers’ perceptions of product design, features, and functions, which influence their purchase and usage behavior. To develop compelling products, businesses need researchers, product leaders, and marketers that can go beyond merely collecting customer feedback.

Experience management solutions can unleash your ability to talk to customers, find out what they want, and why they want it. Then you can generate insights to pass onto your product development team to expand into a new area to make them happy.

CRM, point-of-purchase and the internet of things are among the many ways organizations garner a ton of operational data. By connecting that operational data to experience data, you can make sure that you’re developing and delivering the best products possible.