The new Eptica Multichannel Customer Experience Study, from the European multichannel and multilingual customer interaction management software provider, is certainly food for thought. Its top line findings regarding U.K. retailers’ efforts to improve the customer experience via various channels include one that email was the best performing channel for retail service, with 63 percent of questions answered, ahead of websites, which successfully provided answers to 60 percent of routine queries. Twitter brought up the rear, with just 33 percent answered effectively.
A call to action or cause for alarm is the additional finding that U.K. retailers are not providing consistent information or service across multiple channels with only 13 percent providing similar answers to the same question.
The study, carried out by multichannel customer interaction management software provider Eptica, evaluated 40 leading U.K. retailers, split between 4 sectors (food & wine, consumer electronics, entertainment and fashion). It replicated consumer behavior by measuring them on their ability to provide answers to ten routine questions via the web as well as their speed and accuracy when responding to email, Twitter and web chat.
As context for the findings it should be noted that 83 percent of retailers in the sample were on Twitter, although only 33 percent responded successfully to tweeted questions. The average Twitter response time was 13 hours 10 minutes, not helped by one retailer taking over 76 hours to answer. As the authors state, “removing this straggler more than halved the average to 6 hours 44 minutes.” In a real-time world, especially in regards to social media interactions, this is a long time.
The good news is that while Twitter is a laggard for being responsive, the study found that the speed of email response has improved dramatically to an average time of 35 hours and 43 minutes - over one day less than the average email response time (66 hours 52 minutes) in a similar Eptica study in 2012.
Retailers topped the overall study when it came to answering questions on the web but were also bottom of the sectors surveyed - fashion scored an average of 79 percent while entertainment and electronics retailers managed only 52 percent. The overall retail average was 60 percent up from 53 percent last year, but this means that 40 percent of questions are still not answered online.
As the study highlights, despite the move to multichannel, retailers are failing to deliver choice.
"The retail sector has been revolutionized by the expansion of digital channels, meaning retailers have to answer more questions, across more channels, than ever before," said Olivier Njamfa, CEO and Co-founder, Eptica. "However, our study shows that, while some retailers are leading the way, many are failing to deliver fast, accurate responses and consistency across channels." He added that, "Most retailers are already planning for Peak 2014, but before going into IT lockdown there is still a chance to review the study results and act on our recommendations around benchmarking performance, increasing engagement and driving efficiency to deliver improved revenues this Christmas."
While the time to respond on the various channels is problematic, possibly more a cause for concern is the lack of consistency across channels. Indeed, there is an important lesson to be learned from these results, even if the sample size is relatively small. They speak to need to be both fast and consistent.
Study after study recently have pointed to the fact that while companies are investing correctly in omni-channel capabilities and self-service, they are having a difficult time seeing the benefits show up in their customer satisfaction scores. In fact, one can argue that not taking a holistic view of customer engagements across all channels, and making sure you are quickly and accurately/consistently responding to customer inquiries can have the opposite impact of what is intended, i.e., it increases rather than reduces customer frustration.
While the results were for the U.K., the suspicion is they would be similar in other parts of the world, and a more expansive study of more vertical markets in more regions with larger samples would be invaluable. That said, the results raise serious questions that those in charge of their companies’ customer experience efforts need to ask themselves so they can as the famous London subway signs say, “Mind the Gap.”
Antivirus software is not enough. Apex Technology Services used its decades of IT and cybersecurity
experience to create budget-friendly network security packages every company needs.
Please take a moment to fill out your information so we can contact you directly regarding your request.
Traditional currency trading has been a prerogative for multinational corporations and affluent investors for decades now. The Forex market has, howev…
Social media is an essential weapon any company needs in its marketing arsenal. Contrary to popular belief, social media is not an entity separate fro…
Response time is a critical metric since it determines the levels of customer engagement with your brand. It also influences consumers' perception of …
If you are paying any attention to the telecommunications world, then you are likely aware that 5G technology is rapidly becoming the standard for com…
The arrival of online casino software in the 2000s revolutionised the gambling industry. These days providers such as Playtech and hundreds of others …