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According to an influential analysis of the consumer economy, companies have to offer their customers unforgettable experiences in order to succeed (see Figure 1).¹

This vision of companies selling experiences is now becoming a reality. The breakthrough has been made possible by the explosion in connectivity, the advances in analytics and artificial intelligence, and the growing profusion of smart devices and sensors that we have witnessed over the past few years.

This new reality is forcing companies to reconsider whether their current revenue models and offerings are adequate to stand out from the competition. The move from offering products to offering experiences shifts the focus from outputs to outcomes, whether for the individual or for wider society.

The experience economy is one of four themes that we believe will be central to the digitization of the consumer industries over the next decade. The other themes we examine are consumer data flow and value capture, omni-channel retail and digital operating model.

Hyper-personalization in goods

With painstakingly curated Instagram pages and Facebook profiles, today’s consumers are also used to customizing their online world. They now expect the same level of personalization in many of the products and services that they buy. The business rationale for companies to offer hyper-personalization varies. It may be to build brand loyalty or to create a niche within a premium segment. For others, particularly e-commerce platforms where competition is fierce, offering hyper-personalized products can be a point of differentiation from their rivals.²

For hyper-personalization to be successful, operating models need to become more flexible and companies may also need to implement a cultural change. Investments in areas such as data mining, analytics and production processes are needed. The potential rewards for businesses could be substantial, with personalized products and memorable experiences translating into brand loyalty and the opportunity to charge a premium. Hyper-personalization, while beneficial for consumers and companies, could have a potential environmental downside by increasing the amount of packaging material used, waste generated or delivery miles incurred.


Case study
Burberry and Fendi

Burberry first launched a made-to-order catwalk as part of London Fashion Week show in 2013. It offered a personalization service that allowed consumers to order products and have their name engraved into the coat tag or bag plate. Similarly, Fendi is manufacturing ‘personalized handbags’, offering customers the opportunity to create a one-of-a-kind handbag by selecting the color and material and having their name or initials woven into the body of the bag.


From products to services and experiences

With recent advances in technology, the digital economy is now able to deliver a wider range of services and experiences that people are looking for. Uber epitomizes this preference for a service: it is more convenient to pay a small fee and summon your chosen vehicle and ‘personal chauffer’ with a couple of taps on a smartphone than to buy a car, make sure it is properly fueled and insured, and find somewhere to park it. Offering services to complement products enables businesses to develop a longer-term engagement with their customers. With that engagement comes the potential for newer methods of capturing value and the chance to build strong customer loyalty.


Case study
Nespresso

Nestlé has managed to convert its Nespresso product into an experience by building branded boutiques that showcase coffee machines and capsules, while at the same time closely integrating these with online ordering and fulfillment services.³


Companies that manage to create unique, personalized and memorable experiences for their customers will generate the most value. It’s been forecast that by 2018, B2B sellers that incorporate personalization into digital commerce are set to realize revenue increases of up to 15%.⁴ This requires investment in service design and possibly also in the physical environment where the experience will take place.

Health and wellness-driven goods and services

The cost of caring for people with chronic diseases is increasing, and now accounts for 75% of health expenses in the United States. This development is driving growth in healthcare spending. With a large population of consumers looking to live healthy lives, there are significant opportunities for companies offering health-based services. For example, the market for healthcare wearable devices is expected to grow at 30% a year until 2019.⁵


Case study
Samsung and Fitbit

Samsung decided to introduce health-related sensors, such as pedometers, in some of its latest smartphones. These phones help users track exercise schedules, food intake, weight, sleep patterns and heart rate. A health wearables company, Fitbit, allows users to share their health outcomes and compete with a community of friends.


Products of this kind encourage a healthy lifestyle, and the experience helps drive health outcomes for societies dealing with malnutrition or obesity. For companies entering what could be a booming segment of the consumer market, a key point of differentiation will be how credibly they can market real health benefits to consumers. A crucial capability for these firms will be the ability to demonstrate transparency in their supply chain, nutritional data and products.


Footnotes:
1. The Experience Economy, B Joseph Pine, James H Gilmore
2. Moss Bros. is poised to hyper-personalize its interactions with consumers
3. Accenture, “The Future of Consumer Goods: Moving From Analog to Digital”, 2014
4. Gartner, Gartner Says IT Leaders Will Need to Develop a Stronger Relationship With Marketing, 2015
5. Datamation.com, Health Wearables a $41 Billion Market by 2020: IndustryARC
6. Sleepreviewmag.com, Wearable Healthcare Devices, Services Markets to Grow at CAGR of 30.42% through 2019

Sourced from World Economic Forum

Jobbio is expanding its engineering team in Dublin and is seeking an experienced QA and Build Test Engineer.  The candidate will have at least 3 years of commercial experience in technical test roles in modern web applications, frameworks and APIs.

What you will do:

  • Building and Running automated technical test scripts
  • Raising issues and reports in tracking tools such as Jira
  • Working with the development team to plan test schedules, review test results and sign off software releases
  • Discussing product requirements with Jobbio’s Product Team
  • Working with the Engineering Team to create deployment scripts in Amazon Web Services and GitHub
  • Verifying Server Deployments and Environments

Who you are:

  • Minimum of 3 years experience as a Quality Assurance Engineer
  • Work using Tracking and Planning Tools like Jira
  • Drafting Test Requirements based on discussions with Developers and Product Managers
  • Scripting Test Suites for Python or similar languages
  • Passionate about creating an exceptional products and services
  • Creative and conscientious approach to work, with a high level of organisational skills
  • Excited about working with one of the fastest growing tech companies in Ireland

Technologies

  • Linux based environments, including Ubuntu and SE Linux
  • Web Application Software, including Python and JavaScript
  • Application Frameworks like Django and EmberJS
About Jobbio

Jobbio is an employer branding and inbound hiring company that connects smart people to smart companies.

We’re an exciting Irish-founded startup with offices in Dublin, London and New York. Currently, we have 60 employees and promote a culture of collaboration, exploration and disruption.

The startup environment is fast-paced and ever changing, so if you’re a self-starter who is passionate about evolving technology, this is the place for you!

CLICK HERE TO APPLY FOR THIS JOB

By Rosie Spinks

For most of us, booking a hotel room is an equation of convenience, affordability, and comfort. But for hotel points obsessives, each night away from home is a strategic stop on the way to the promised land of elite status.

Points- and status-chasers can be a mystifying bunch. The basic premise is this: By staying only in hotels that fall under a chosen loyalty program—and generally using co-branded credit cards to book them—status chasers rack up a slew of benefits at different tiers. This can range from late checkout and free breakfast all the way to free stays in ultra luxury properties. For the most part, people who have to travel for business use the points and status they amass while working to use in their leisure travel.

In this niche of the travel world, this week marks a big shift with the merger of two marquee programs: Marriott Rewards and Starwood Preferred Guest. The latter, known to the cognoscenti as SPG, includes brands such as St Regis, W Hotels, Aloft, Westin, and Sheraton, and has hitherto been considered one of the most rewarding programs to hitch your travel wagon to.

In 2016, somewhat to the dismay of SPG-ers, Marriott acquired Starwood for $13.6 billion, forming the largest hotel company in the world: 29 brands, 6,500 properties, and 127 countries. This Saturday, August 18, the two reward programs will merge. The resulting program—which won’t be given a new name until 2019, and will also fold in the Ritz Carlton Rewards program—will be a loyalty program with 110 million customers.

When the news was first announced, Gary Leff, a prominent and easily-peeved travel blogger wrote a post entitled “Time to start gnashing teeth: Marriott is buying Starwood.”

For the 21 million SPG-ers who are essentially being folded into the Marriott universe—which was previously less known for its hip brands and more its stingy breakfast policy—the particulars of this merger have been nervously anticipated and hotly debated for months now. When the news was first announced, Gary Leff, a prominent and easily-peeved travel and points blogger, wrote a post entitled “Time to start gnashing teeth: Marriott is buying Starwood.” Above all, there has been a perpetual fear that the former SPG-ers will be treated as second class status-chasers in a Marriott-owned program—and that the continued consolidation of rewards programs will leave travelers with devalued points and fewer places to defect to.

Some background: Travel loyalty programs first began in the 1980s, when major US airlines released versions of their own. Over the decades, they have morphed from a casual way to incentivize brand loyalty to an entire cottage industry—one that’s perfectly suited for the kind of fanatical quibbling that internet forums were made for. Marriott’s pre-merger program has an annual meet-up, which is attended by Marriott executives, entitled TIPPLE: “The Insider Points, Pints and Liquor Extravaganza.” The ultimate goal of points chasers is to attain the thrill of getting something for nothing—or, at least, something luxurious for what you’d already be paying for anyway.

Flueck has managed a Herculean task: to marry the two programs, each with its own methods of valuation and levels of perks, without terribly pissing off some of the most pedantic people on the planet.

Marriott has appeared aware of how high stakes this merger is; they hired a former SPG executive, David Flueck, to iron out the wrinkles. And indeed, by most accounts Flueck has managed a Herculean task: to marry the two programs, each with its own methods of valuation and levels of perks, without terribly pissing off some of the most pedantic people on the planet. As the online authority The Points Guy put it, “if you hold status with either SPG or Marriott you’re either retaining that status level or, in the specific case of current Marriott Golds, earning an upgrade.” Even teeth-gnashing Leff called it “the best possible outcome we could have expected.”

But that doesn’t mean there aren’t some objections. One of the hacks that SPGers used to maximize their points will no longer be permitted because Marriott Rewards has done away with an SPG quirk that counted “stays,” rather than actual nights, as a way to earn status. This means that hotel hopping—where you check into three different hotels over a three-night trip, to maximize distinct “stays” on one business trip—will no longer work.

Marriott did not opt, however, to link status to the amount of money spent on a room, rather than number of nights in a room—a big relief for points obsessives. This means that frequent business travelers who stay at mid-market properties in middle America, say, will still amass as many points from their business trips as those who often stay at more expensive hotels in Rome, Tokyo, and London.

Another, perhaps more existential, sticking point is how this new mega-family of travelers will get along. How will they see each other as they glide through various gleaming lobbies on their way to business meetings? As Bloomberg noted, due to the different brand identities of each former program’s hotel portfolios, there is a general sense that SPG-ers are “culturally savvy” while “Marriott enthusiasts were captives of convenience.” (Translation: SPGers seek out hip properties like W, while Marriott folk will stay anywhere convenient.)

One thing they do have in common, of course, is their shared love of status.

By Rosie Spinks

Sourced from Quartzy

Jobbio is continuing to grow which means we need people to help drive our story forward. We are looking for ambitious, target driven inside sales execs to join our incredible team. As an Account Executive, you will be part of the team leading the growth of our business.

Reporting to the Head of Strategic Sales, you will drive our mission to get people hired! Thousands of companies use us to find the best talent and hundreds of thousands of candidates use us to find the best job. Join us to make that number grow!

How you will spend your day
  • Navigate a high volume of sales calls and activity on a daily basis
  • Building trust and effective relationships with your assigned client portfolio
  • Build sales pipeline and portfolio daily through calls, emails, campaigns and networking
  • Qualifying sales opportunities and leads
  • Creating and presenting solutions to clients based on your qualification
  • Demonstrating our products to clients virtually and in person
  • Record all activity in Salesforce CRM

What skills do I need?

  • Previous sales experience (technology, staffing or solution led sales experience is a plus)
  • Excellent communication skills both written and spoken
  • Comfortable building relationships quickly through meetings, cold calling, attending events and email
  • Proven experience in hitting and exceeding weekly and monthly targets
  • Experience in using CRM software e.g. Salesforce (not essential)
  • Third level degree
  • Enthusiastic about technology

CLICK HERE TO APPLY FOR THIS JOB

Jobbio is expanding its engineering team in Dublin and is seeking an experienced Technical Systems Administrator.  The candidate will have at least 3 years of commercial experience in technical admin roles in cloud technology, web applications, frameworks and APIs.

What you will do:

  • Reviewing operational data and alerts to ensure high performance and reliability of systems
  • Verification and Resolution of technical issues and forwarding to relevant departments in the technical team
  • Building and Maintaining Server Instances in AWS
  • Working with the development and QA staff to help deploy and verify releases
  • Compile reports on service reliability, technical analytics and issue resolution

The responsibilities of this role may involve out of office hours issue resolution as part of a support rota.

Who you are:

  • Minimum of 3 years experience as a Technical Systems Administrator
  • Strong knowledge in LAMP based server architectures
  • Experience in administrator of AWS based high availability server systems
  • Use of Issue Trackers such as Jira
  • Passionate about exceptional levels of service
  • Creative and conscientious approach to work, with a high level of organisational skills

Technologies

  • Linux based environments, including Ubuntu and SE Linux
  • Web Application Software, including Python and JavaScript
  • Any exposure to Application Frameworks like Django and EmberJS is an advantage

What We Offer

We’re an easy bunch to get on with and have fun as we grow! We are team oriented and can turn to each other for advice any time. We are a meritocracy with lots of opportunities to progress.

  • Competitive salary
  • Sponsored team events
  • Wellness Programme
  • Swift role progression
  • Generous WFH allowances
  • Opportunity to join a story which will be revolutionary on a global scale. Come and get involved if you’re up for a challenge!

Jobbio is an employer branding and inbound hiring company that connects smart people to smart companies.

We’re an exciting Irish-founded startup with offices in Dublin, London and New York. Currently, we have 60 employees and promote a culture of collaboration, exploration and disruption.

The startup environment is fast-paced and ever changing, so if you’re a self-starter who is passionate about evolving technology, this is the place for you!

CLICK HERE TO APPLY FOR THIS JOB

By 

About five years ago, I had an early glimpse into America’s changing corporate landscape in, of all places, Japan. While researching our book, The Athena Doctrine, I met Ryo Nakagawa. His startup, Share0, helps self-employed entrepreneurs and consultants find office space in companies with empty suites. For generations, the Japanese embraced the “salaryman” model of work, which called for workers to devote themselves to a corporation that would, in turn, provide long-term employment. But Ryo believed the future belongs not to big organizations but to individuals with skills who come together for collaboration.

Born into the Lost Decades of low growth with fewer secure positions available in big corporations, a vast cohort of young Japanese must now reconsider the salaryman ideal and invent other ways to establish themselves.

Fast forward, and a similar dynamic is underway in the U.S. In our annual Reputation Quotient Study of corporate reputation, many large companies declined in esteem and trust. But what really caught our attention was the trendline: Fifteen years ago, the largest companies were the most respected, but today, many with the best public reputations are smaller, regional players and those with intimate customer service and values that resonate within their consumer communities.

Curious, we then assessed which companies had excellent leadership and a similar trend emerged. Even among larger companies, organizations with relatable and humanistic leadership, who speak out for employees and issues they believe in, often lifted the perceptions of their firms. Berkshire Hathaway, for instance, ranked No. 24 overall in the RQ study, but the firm jumps to No. 1 in our RQ leadership ranking, while Apple moves from No. 29 to No. 9.

This shift in trust signals a change in consumer culture and values. Thanks to social media-fueled transparency, the public has more insight into the business practices and values of leading companies. In fact, in a 2015 Gallup Poll, 67% of U.S. adults reported having a great deal of confidence in small businesses, far exceeding the 21% who were similarly confident in big businesses.

It seems that a behemoth scale today is no guarantee of having consumers’ trust. Instead, there is an emerging belief that a bigger business doesn’t always equate to a better business. Even CEOs like Google’s Sundar Pichai have stated as much: “As a big company, you are constantly trying to foolproof yourself against being big, because you see the advantage of being small, nimble and entrepreneurial,” he told The Guardian. “You always think there is someone in the Valley, working on something in a garage — something that will be better.”

Acting small, therefore, is not only a crucial ingredient in building a solid reputation today, it also helps a company stay competitive and versatile. For big companies seeing their reputations drop, there are lessons to learn from other companies that have managed to maintain good reputations despite their size. These companies are perceptually shrinking themselves in three key ways to earn consumers’ respect and maximize their bottom-line:

They get personal with customers.

Allowing customers to access and shape a company’s product or service creates personal experiences, which deepens their emotional bond with the brand and cultivates brand loyalty. People feel empowered from being involved in the design process.

NikeID lets customers custom-tailor shoes, accessories, bags and backpacks. The same goes for Levi’s Tailor Shop, where you can repair and personalize your denim with the help of expert tailors. And Lexus partnered with 23andMe for “Genetic Select,” which uses patented DNA sequencing to pair drivers with a vehicle tailored to their genetic makeup. For example, a customer genetically prone to more freckles might be offered custom window tinting. Following Lady Gaga’s axiom “Born This Way,” there are now custom headphone earbuds to DNA-directed workouts and diets. Here, trust means being personal, accountable and intimate.

They foster communities and values.

Large companies are also “getting small” by being radically transparent about their values and building communities around their beliefs and culture. Chick-fil-A and Patagonia, despite their different ideologies, both topped our Reputation Quotient Top 10 this year (Chick-fil-A at No. 4 and Patagonia at No. 9).

One lives its Christian values by closing the entire chain on Sundays. The other opens its patents on all-natural wetsuits to protect the environment. Yet each company weaponizes their values to attract kindred spirits and respect from the public for walking their talk. Lyft partners with startup Cubigo to provide reliable transportation for seniors, while in Nike’s Community Stores, 80% of its employees must live within a five-mile radius. Here, breaking down a big faceless firm into people, gestures and ideals is the goal. 

They act ‘small’ in how they work.

To legislate smallness, many companies are modeling after startups with rapid product cycles, more agile customer feedback and offering more flexibility for employees to recommend changes to ideas as they develop from concept to finished product. This allows entrepreneurial workers to cut through the bureaucracy and find new revenue streams and other opportunities for the company.

For instance, Intuit runs a “follow-me-home” strategy where employees conduct nearly 10,000 hours of annual visits to customers’ homes to watch them use Intuit’s products to fully understand the actual user experience. According to CEO Brad Smith, “You’ve got to look somebody in the eye and feel the emotion.” In addition, Intuit creates “discovery teams” that generate new ideas and streamline internal communications so that big decisions and findings radiate outward to the entire company quickly. Meanwhile, at Adobe, people working on a startup project as part of the company’s Kickbox initiative are simply required to find just one executive to continue funding their ideas rather than persuading an entire committee.

In these examples, we see that large firms are rebuilding trust by maximizing their people and ideas over their size and scale. To grow big, think small.

Feature Image Credit: Shutterstock

By 

CEO of The Harris Poll (Harris Insights & Analytics), a public opinion, corporate & brand reputation firm. NYT bestselling author.

Sourced from Forbes

Communicorp Media is Ireland’s premier media company and the home of some of Europe’s leading commercial media brands. Communicorp Media owns and operates a portfolio of media channels with a strong focus on commercial radio and emerging digital media.
The company maintains some of the largest independent radio networks in Ireland and it continues to be one of the fastest growing radio networks in the world.
Appliances Delivered, part of the Communicorp Media group, is an online retailer making ordering appliances easy, affordable, and fast.
The Role
We are looking for a recently qualified Chartered Accountant who will be involved with all aspects of financial reporting for Appliances Delivered. The role is predominantly based in Communicorp Media’s head office in Dublin City Centre, however 1-2 days a week will be at Appliances Delivered’s warehouse and office in Citywest.
Responsibilities, Skills & Qualifications
The successful candidate will be responsible for ensuring accurate and timely production of management accounts, cash and inventory management as well as tax and statutory filing. The role is predominantly based in head office in Dublin City Centre however 1-2 days a week will be at the company’s warehouse in Citywest.
What you’ll do
You will:

• Manage the purchases and payables process and supplier relationships
• Prepare daily revenue reports and analysis
• Prepare payment runs and cashflow projections
• Prepare and file of relevant tax returns
• Prepare and file of statutory accounts
• Have ownership over month end process including balance sheet reconciliations and cost analysis
• Prepare monthly budget and forecast analysis
• Manage Group Inventory ensuring accuracy and completeness
• Prepare inventory analysis to include margin analysis, stock levels and consideration of product profitability
• Review inventory for obsolescence and provisions
• Co-ordinate stock takes with Warehouse Manager
• Develop relationship with stock providers
• Prepare strategic analysis for management review
• Prepare relevant extracts for board reports
• Be responsible for ad-hoc projects

If the following traits sound like you, you might be the right person for the job:
• Good team player with strong communication and interpersonal skills
• Commercially astute with strong analytical skills
• Strong attention to detail
• Highly motivated and dynamic – ability to work to deadlines and achieve targets in a   time-conscious manner
• Practical and common-sense approach to problem solving, and the ability to demonstrate creative solutions
Before applying, make sure you tick the following boxes:
• Recently qualified Chartered Accountant (ACA) with Big 4/Top 20 experience
• Experience with inventory management, FIFO costing and monitoring sales performance is an advantage
• Good IT skills, particularly Excel

What it’s like working at Communicorp Media?

Communicorp Media is Ireland’s premier media company and the home of some of Irelands leading commercial media brands. We are proud to count Newstalk, Today FM, 98FM, Spin 103.8, Spin South West and Off the Ball as the phenomenal brands we own and love.

At Communicorp Media we strive to be the most innovative, dynamic and best in class media outlet in Ireland. We want more people to spend more time with us. We want to talk to every person in Ireland, every single week, through one of our channels.  To make this happen, our team is made up of some of the most passionate and creative people you’ll find. Working here means no two days are the same.

The work by its nature is fast paced, and it can be intense – we work really hard – but we are all here because we truly love what we do. We make sure to make lots of time for fun and we like to celebrate. There is always something happening, be it an onsite promotion, a crazy idea being tested, or a team meeting on the balcony. Happy birthday is sung here nearly every day! So whether we are focused on the latest breaking news story, researching what our listeners want, or working with our clients to create great campaigns, Communicorp Media is an inspiring and welcoming place to work.

Perks and Benefits:

Part of the fun of working in Communicorp Media are the regular opportunities to score free tickets for the hottest gig in town! On top of that, we also provide:

  • Flexible holidays – need more holidays this year? No problem! Communicorp Media employees can buy or sell annual leave days over and above the minimum entitlement
  • We also provide Good Friday and Christmas Eve off as a special company day of leave, so that our employees can enjoy these holidays with an extra day off.
  • Employee Savings & Discounts Portal – we provide our employees with an online portal full of discounts, vouchers and cash back for shopping, dining, travel, health & wellness, sports and many more.
  • Subsidised Gym membership – extremely low cost gym membership in a local network of gyms
  • Wellness programme – we provide lots of opportunities for our employees to take care of their health and wellbeing in the workplace, including free fitness classes onsite, talks on mindfulness and stress management, free fruit and many more wellness promotions and activities.
  • Discounted city centre parking close to the office
  • Death in Service cover – we provide this as standard to all employees

CLICK HERE TO APPLY FOR THIS JOB

By Jesse Himsworth

One of my main goals at the moment is figuring out new and creative ways to solve for disconnected customer experiences where brands don’t communicate in a consistent voice across the customer journey. In our industry, the most successful companies have come to terms with the fact that traditional ways of serving customers are now insufficient and in some cases, obsolete.

Convoluted, time-consuming IVRs that take customers on winding journeys and support processes that don’t get to the root of customers problems quickly enough simply aren’t enough to satisfy customers anymore. We have the technology and the tools to personalize and expedite customer experiences, and customers expect us to do that, rather than make them enter the same information several times before reaching someone who can help them.

Changing Expectations

Instead of relying on inefficient, fragmented customer experiences, brands are now challenged to meet changing consumer expectations. Not only have we seen a proliferation in touchpoints with consumers, but we have also seen an increased expectation among consumers for a seamless, personalized experience across each touchpoint we interact with them at.

Unfortunately, some brands continue to blindly pass the customer to disparate parts of the organization when their functional area’s job is complete. This gives the internal impression of success when in reality, the customer often encounters a great deal of friction as they are handed off to a different part of the organization. This disjointed experience is frustrating to consumers and can be to the organization as well if customers end up taking their business elsewhere without the organization understanding why.

If you’re looking to change your organization’s approach to customer interaction, there are a few things to keep in mind as you do so, wherever you’re at in the process. Here are a few ways to work towards connecting with customers across every moment in the customer journey.

Individualized Engagement: A New Standard for Customer Experiences

Instead of settling for undifferentiated experiences served to the masses, customers now demand more atomized experiences served at exactly the moment they want or need them. This makes sense: a customer’s journey is, in fact, made up of a series of moments. And each of those moments provides a golden opportunity for brands to make lasting connections with new and existing customers.

When we recall an experience, we tend to focus on certain moments that then define for us how we feel about the overall experience. Research on what psychologists call the “peak-end rule” shows that people tend to remember the best or worst moment—the peak—and the way the experience ended. Recognizing the impact of every moment as a potential peak allows brands to amplify the effects of positive experiences. If a customer has a negative experience in one peak, they could be frustrated enough to end the interaction all together. By understanding each peak’s individual importance and role in the larger journey, organizations can ensure customers are satisfied enough to reach the end of the journey and have a positive overall experience.

That’s easier said than done, of course. To actually amplify the effects of positive experiences, we need to recognize each engagement and its unique needs. The better we do that, the better we can be at providing a memorable experience. One way many organizations think they can do this is with specialization. They dedicate entire teams to marketing, sales, and support, and then further specialize within those teams to handle things like billing, tech support, and more. What organizations doing this often fail to realize is that these company divisions aren’t actually connected to other customer experiences—they aren’t relevant from a customer perspective at all.

In this approach, each department then looks at the customer experience as the interaction they are engaged in at a given moment, without acknowledging the numerous encounters the customer has previously had with the brand. We can’t individualize the engagement effectively if we don’t understand what has happened in the customer’s engagements with the other parts of the organization, and we need to equip each department with the tools to understand the entire customer journey. The challenge is balancing a need for individualization and personalization without creating deeper silos that isolate functions of the business and lead to inconsistent customer experiences.

Capitalizing on moments can’t happen if we don’t first use data to connect the different points of a customer’s experience. Put the right systems in place to capture data, analyze it, and make it available in real time, and you’ll provide a better understanding of a customer’s journey and better equip your entire organization to more effectively support customers.

Understanding What Drives Customer Experience

Once you’ve identified the steps in your journey and the moments you’d like to improve and understand better, identify the best possible interaction at every one of those steps for every customer—from the first time a customer encounters your brand to the purchase process and any customer service issues. In every encounter and experience, organizations should be aiming to deliver the best possible outcome. It’s a lofty goal, and one to which data and analytics are integral.

Most brands already possess a wealth of data about what customers need and want based on their implicit and explicit actions online. No matter the specific touchpoint—search terms, site interactions, location data, purchases, social engagements—brands can (and should) track every customer data stream they have access to. That data is a great starting point for understanding customers and improving their experiences. For example, if I see that a high value customer has spent 30 minutes online trying to solve a billing problem by reading our FAQs and then decides to call, I should put them in a priority queue to speak to a senior agent. I can even take it a step further and pass information along to that agent about what the customer has gone through in an attempt to solve their problem to ensure that the customer doesn’t face the dreaded redundant questions that plague many support experiences. These decisions directly improve customer experience, and they’re all possible with the right data.

It’s possible now to combine website data, customer data, and third-party data from consumer databases to create robust customer profiles and predict the customer’s intent in real time as they are choosing to engage with a brand.

Systems + Data + Teams = Intelligent Customer Experiences

Intelligent CX is an approach that connects systems, data, and teams to create a seamless customer experience from one brand touchpoint to the next. It eliminates silos in your business and creates a system that is stronger than the sum of its parts, reducing friction, building customer engagement, growing profits, and strengthening brand loyalty. At Clearlink, for example, we take the real-time data we receive from a customer’s online experience and marry it with CRM data as well as 3rd party demographic and psychographic data to predict things like the reason a customer is calling, a customers propensity to cancel their services, or their propensity to be up-sold or cross-sold a complimentary service.

By using systems, data, and unified teams to predict and understand a customer’s true intent, we can build connected experiences that leave lasting and memorable impressions. We take the real-time data we receive from consumers and compare it to our billions of integrated data points and historical customer inputs. Using both real-time data for a specific customer and historical data from all of our customers means we are able to assess the specific outcome a customer is likely after.

Having seen similar customers go through the entire journey thousands of times, we have an objective perspective of the probability that a specific current customer will be taking the same journey. Once we hit a certain level of critical confidence that a customer is headed toward a particular outcome, we can provide a more optimized customer experience. This predictive approach to customer service helps create a seamless experience. When we know what customers want before they actually tell us, we can then guide them through an effortless process.

Making data and AI the forefront of customer experience design enables us to predict what our customers want without being told. By anticipating customer needs at each moment along the customer journey and using every incremental piece of input you receive from your customers, your organization can drastically improve the way you serve customers. A shift of this scale doesn’t happen overnight, but if you do it well, you’ll eventually be able to hand each customer you interact with the personalized journey that will result in a positive, successful moment for them.

By Jesse Himsworth

Jesse Himsworth is vice president of strategy and integrated solutions at Clearlink. A results-driven, dynamic marketing strategist, Jesse has demonstrated success in building and growing brands, driving qualified leads to sales teams, and providing training and sales support for complex marketing projects.

Sourced from Customer Think

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Dive Brief:

  • Generation Z is considered the most educated group of teens on the topics of health and wellness, but they are not letting related concerns impact their food and beverage choices yet, according to a new Hartman Group study.
  • Most Gen Zers do much of their own food prep, and are comfortable in the kitchen, the study said. They tend to see cooking as an easily accessible life skill for anyone with an internet connection.
  • The generation is the most diverse and connected in U.S. history, and this is expected to have a major impact on their food and lifestyle choices, the study says. This generation is defined in the study as people currently between ages 12 and 20.

Dive Insight:

Millennials are a major disruptor of the retail industry and experts are wondering if Generation Z will follow in their footsteps or create a path of their own. Known to be the most diverse, independent, politically and socially aware set of consumers, Gen Z is expected to demand even more from retailers and brands.

With the oldest members of Generation Z just entering their 20s and the youngest being 12, most are still relying on their parents to purchase their groceries. Their shopping and eating habits may be more reflective of teenagers in general than their specific generation. Generation Z grew up with parents who instilled healthy eating at a young age and classrooms that emphasized the importance of wellness. They grew up to expect brands to provide more than just clean foods.

Gen Z sees food as a form of self-expression. They are looking for brands that connect with them on a personal level, and big brands may have a hard time offering that as easily as smaller brands. That’s why small brands that value authenticity tend to do better with this generation.

Although this generation currently doesn’t do household shopping, members know their way around the kitchen. With busy parents, Gen Zers cook for themselves and eat alone for most meals. Although this sounds like a tough task, technology has made it more accessible. None have lived in a world without wireless internet and mobile phones and they tend to be connected to food through their phones. Clickable recipes could be a winner for this generation. Even though they are comfortable in the kitchen, Gen Zers may not use many of the tools there. Another study by the NPD group says that 58% of the meals they make don’t use any appliances — so it’s not surprising they may prefer snacking over meals.

With the rise of better-for-you snacks and beverages, Gen Zers prefer plant-based beef alternatives, ramen, yogurt, sparkling water like LaCroix and frozen ethnic foods. The study says they are most likely to shop in convenience stores and use vending machines. To respond to these demands, retailers like Walmart have opened c-stores, and grocers like Hy-Vee have opened small-scale stores that offer healthy options.

So far, Gen Zers don’t have as much brand loyalty as previous generations — which could lead to the demise of loyalty programs that are so important to millennials. Like millennials, however, Gen Zers prioritize fast and frictionless transactions.

Retailers are working on perfecting their same-day delivery, curbside pickup, and mobile checkout options before this generation flood grocery stores. Kroger recently announced it is piloting its automated grocery pickup in Arizona and Walmart has partnered with Waymo to test autonomous vehicle service as well. Many grocers now offer curbside pickup but most recently, Aldi, Whole Foods, and Publix have added this to their portfolio. And Walmart is testing an automated grocery pickup kiosk to make shopping easier and ultra-convenient.

As an up-and-coming generation, Gen Zers are the focus of several consumer studies — and not all of them have the same conclusions. An NPD Group study found Gen Zers prefer shopping in brick-and-mortar stores because they value the hands-on experience. However, work can be done on both the digital and physical store. If grocers work on perfecting the digital experience, it could drive the techy Gen Z group to sites, apps and stores.

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Sourced from FOODDIVE

By Bruce Elliott

  • Crypto took off at the end of 2017, with bitcoin hitting $20,000 at the end of December. 
  • In this oped, Bruce Elliott, president of ICOx Innovations, argues that big brands are just entering the space. This is what’s going to take the nascent market to the next level, not small ICO projects.

If you would have asked me in January – when we helped Kodak launch KodakOne and KodackCoin – if both Starbucks and Facebook would let the world know this year that they have their eyes on cryptocurrency, I would’ve said, “Not likely.”

But here we are, six months later, and Facebook has reportedly engaged in conversations with blockchain projects including Stellar and is expanding its team focused on the much-hyped technology. And Starbucks recently announced a partnership with Bakkt, a new Intercontinental Exchange company whose mission is to create “an open and regulated global ecosystem for digital assets.”

So while we’re not quite there with mainstream adoption of cryptocurrency, Facebook’s and Starbucks’ leadership into the space is a milestone. We will see more household names exploring and entering cryptocurrency, looking for new models of customer engagement leveraging their brand equity in powerful new ways.

Now some of these big-brand cryptocurrency plays have been nothing more than publicity stunts – like the tartly cynical Long Island Iced Tea-Long Blockchain stunt that now has the Security and Exchange Commission’s attention. But there is a growing cadre of the legacy brands we all recognize that are figuring out how to angle their way into cryptocurrency and blockchain.

Why? They recognize that brands are exactly what’s missing from the exploding space. That’s the “Why.” How about the “Why now?”

Two reasons: bigger brands are almost always slower in adopting new technology, both because they tend to be risk averse and also because they naturally move slower. But also the cryptocurrency roller coaster has reached a point at which big brands are starting to recognize a mutually beneficial path forward. Many crypto projects will soon need access to larger audiences for wide adoption, and big brands, staring eroding brand loyalty or existential scandal the face, have the chance to hook themselves on to the new-tech media darling.

Returning to the KodakOne example, we helped this time-tested brand announce a blockchain platform and cryptocurrency when there were 10 other image-rights management ICOs going on. But the legacy brand won out – at least in terms of attention, as a simple news audit of the past 12 months affirms. KodakOne is taking the ball and running with it.

Soon, user-generated photos taken in six major U.S. stadiums will be instantly loaded to the KodakOne blockchain, with the prospect of the photographers getting paid instantly (in KodakCoins) for usage. But the even more drool-worthy part of this integration is that these same sports fans will be able use KodakCoins to buy in- stadium soda, chips, hot dogs, beer and merchandise. As it’s estimated that 55 million Americans will use its mobile app to pay for their coffee before the end of this year. Couple that large of a community with a brand of its strength, and Starbucks has the potential to go beyond its existing business model, creating a new economy model for engagement.

When looking at Facebook, crypto inside the social network could create, for instance, a highly efficient global peer-to-peer payments model similar to that proposed by the largest ICO ever, Telegram, or Asian competitor WeChat Pay.

It could also be used as part of a new-style loyalty program, or even as the basis for an adjacent economy – for example, the subscription economy or authentic verified-news economy. Bear in mind this is all happening amidst some pretty drastic changes we’re seeing in the young ICO market. To separate themselves from the many scams, legitimate companies are doing the hard work up front – capital raising, platform development, early customer adoption – and then going to the public for an ICO raise.

With the components of a true economy already in place, these tokens circulate according to traditional supply-and-demand models. I understand that big brands entering cryptocurrency may sound like anathema to some crypto enthusiasts. But I would also think these skeptics would rather let market forces than their own biases determine how cryptocurrency can best be applied in our great, big world. After all, big brands won’t be able to just slide into cryptocurrency without working for it.

Many will be romanced by the prospects of non-dilutive financing, speed of outsourced innovation and riding the hype wave, but only the clever brands who understand their power to connect communities will emerge winners. Like startups, many ICOs will struggle to achieve critical mass in customer adoption – and will, therefore, fail. The crypto economies that are powered by well designed cryptocurrencies and token economic models (like the Image Economy for KodakOne) leverage both the power of brands and the power of blockchain. Will that also be Starbucks and Facebook? Ask me in six months.

Get the latest Bitcoin price here.>>

Feature Image Credit: Tracy Bryant, right, and Roland Smith, center, Starbucks employees, watch as a manager Justin Chapple makes an espresso at a Starbucks in New York.AP Photo/Seth Wenig

By Bruce Elliott

Bruce Elliott is president of ICOx Innovations, which helps established organizations grow their businesses through the use of blockchain technology and cryptocurrencies. He is a 25-year e-commerce veteran who has held senior leadership roles in privately held and listed companies in online payments, gaming, venture capital, and trust and corporate service sectors in North America and Europe.

Sourced from Business Insider UK