Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business. You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy.

Get it on Amazon (Kindle/Print)

Supermarkets and banks 'closest to customers'

The index also noted that companies in many industries are, in fact, struggling to connect with customers - and that businesses in almost all sectors need to do a much better job of creating personalised, well-timed and relevant communications for older consumers.

The 2013 GI Insight Customer Intimacy Index, compiled from a survey of over 1,000 UK consumers, scores a range of sectors according to the level of knowledge of the individual that companies in those industries demonstrate in their customer communications. Consumers representative of the UK by age, gender, region and social class were asked to rate 'your supermarket', 'your bank' and other types of business - with scores representing levels of familiarity ranging from 'knows me like a close friend' to 'treats me like a total stranger'. The overall average was set at 100.

Supermarkets came out far ahead of any other sector with a score of 132 - in other words, 32% above the norm - an improvement on their table-topping rating of 126 in the 2010 Index.

Banks also showed a marked improvement since the previous Index, moving past Internet Service Providers (ISPs) to second place in the table with a score nine points higher than in 2010.

Other sectors that performed strongly in the Index were technology-driven, youth-oriented industries, including mobile providers, smartphone makers and entertainment companies (e.g. satellite TV services, video websites, music download sites, etc.).

The Index indicates that industries with frequent transactions and strong loyalty programmes - which give firms the best opportunity to gather and employ consumer data - are most successful at relating to their customers in a relevant way, but there are some surprising exceptions:

• Clothing brands, many of which have a strong flow of business on the high street and online, come across as distinctly average in the knowledge they demonstrate of their customers, with a score that is dead on 100;
• Firms in the home furnishings/DIY sector are doing an extremely poor job of connecting with customers despite having opportunities for regular contact, as consumers rate these companies 21% below the average - placing the sector alongside other poor performers such as car manufacturers, computer/tablet makers and alcoholic drinks brands;
• Holiday, hotel and travel companies were only just above average, with score of 105, despite having extensive opportunities to gather unique data on their customers - although transactions may be of higher value and less frequent than those in other sectors.

The Index also shows that women have particularly high expectations. Companies across all sectors are finding it considerably more difficult to convince female consumers that they are using their data effectively to personalise and tailor customer communications, with women scoring all firms 10 points lower than men. The only sectors in which women ranked the companies they deal with higher than men were supermarkets and clothing.

Other key findings included:

• The score given to charities dropped by the biggest margin compared to the last Index, while ISPs fell to fifth in the rankings from second in the 2010 table;
• Consumers aged under 45 rated the firms they deal with more highly than their elders, with 25-34-year-olds giving all sectors the highest average score of any age band - an unambiguous 116;
• Older consumers are markedly less impressed with the levels of personal engagement achieved by the companies that communicate with them, with respondents in the 45-54 age group giving all sectors a particularly low score of 72 - some 28% below the average.

"In the face of continuing tough times, it is more important than ever for companies to establish strong relationships with their customers using data gathered from multiple touch points," concluded Andy Wood, GI Insight's managing director. "Too many companies are simply failing to communicate with all their customers in an informed and tailored manner. They are not finding the right way to gather available customer data and, even when they do, many are not using it effectively. Consumers today expect businesses to know who they are and have some idea of what their needs are, and to reflect that knowledge in their interactions with them."

Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business.

You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy. Grab this goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, technologies, research, suppliers and partners, plus all the supporting arguments you need to build a solid CX strategy.

While most marketers could list maybe a dozen key points for improving their brand's Customer Experience (CX), the researchers and writers at The Marketing Factbook have identified FORTY main 'CX Keys' which will help you drive your customers to new levels of delight, loyalty, advocacy and profitability.

The areas in which customers have direct contact with your organization are perhaps the most obvious places in which CX improvements can be made, and this report addresses all 24 of these 'Direct CX Keys', applicable to offline and online businesses alike.

At the same time there are many other areas that indirectly affect CX (such as the supply chain, policies and processes) in which every business can make simple but far-reaching improvements. This report guides you through the problems and solutions for all 16 of these 'Indirect CX Keys', many of which are often forgotten or under-played even in the best CX strategies.

Get it on Amazon (Kindle/Print)