Despite increasing investment from brands in marketing technology, nearly half of consumers say brands arent meeting their expectations when it comes to the customer experience (CX), and even fewer remember the last time a brand exceeded expectations, according to results of a global survey commissioned by Acquia.
Todays consumers have more options than ever before and high expectations of the brands they choose. Leave them unsatisfied or betray their trust, and theyll go elsewhere. As the marketing landscape becomes more competitive and demanding, marketers need the very best insight, tools, and resources to compete. Yet, companies and data remain more siloed than ever.
The findings of Acquias inaugural global survey on the state of the CX pose interesting questions about the disconnect between consumers and marketers, as well as the return on investment gained from an ever-growing inventory of marketing solutions. More than 5,000 consumers and 500 marketers across Australia, Europe and North America provided input for the report, Closing the CX Gap: Customer Experience Trends Report 2019. It exposes several disconnects — that marketers rate their effectiveness much higher than consumers, that consumers are skeptical of how their personal data may be used by brands, and that consumers expect personalized customer experiences. It also shows that earning a customers loyalty is critical, and the need to earn and keep their trust through CX is an imperative.
The bar for customer experience has been raised. Marketers have expanded to new channels and adapted new technology to keep pace with consumer expectations. Yet our research found that technology has become more of a barrier than an enabler for a great customer experience, said Lynne Capozzi, Acquia CMO. Closing the CX Gap is about arming marketers with new insight, so they can better review and evaluate their tech stack, people, and processes and plan for the new year. Now is the time for marketers to take back control and execute an open approach that provides the right level of personalization and data privacy to drive long-term customer relationships.
The report examines the CX gap through the lens of three frames: people, technology, and data. Results uncover several areas where marketers and consumers dont share the same view of the world. Key findings uncovered in the report include:
People: Although half of the consumers surveyed believe brands are failing expectations for a good CX and two-thirds could not recall when a brand exceeded expectations, marketers dont share this skeptical view of their own work. In fact, 87 percent of marketers feel they are hitting the mark in delivering engaging customer experiences. Yet 4 in 5 of the same marketers polled felt disappointed by their own experiences as consumers.
Technology: Nearly three-fourths (74 percent) of marketers globally feel like technology has made it harder, not easier, to offer customers personalized experiences. Overwhelmed and inundated with often-siloed tech, getting a clear view of customers often proves challenging. Sixty-five percent of marketers said complex technology makes personalizing the CX difficult, yet 62 percent of marketers surveyed globally plan to spend more on marketing technology in 2019.
Data: The data also shows that consumers prefer a personalized brand experience, but theyre skeptical about whether brands have their best interest at heart — and theyre concerned about the personal information brands hold about them. Marketers overwhelmingly indicated theyre confident in their data privacy practices with respect to personal information, with 85 percent feeling that they are doing a good job ensuring compliance with data regulations.
We have the opportunity to break the mold with todays strategic marketing initiatives, capitalizing “ albeit thoughtfully “ on mobile applications, chatbots, conversational interfaces, email, social, and so many other touchpoints to create personal, meaningful, and valuable experiences for customers, the report concludes. Blindly investing in martech isnt the answer. Fundamentally, marketers and consumers arent on the same page when it comes to experience or data privacy, and that needs to change.
Topline survey findings were revealed today during the opening keynote sessions at Acquia Engage, the companys annual user conference taking place in Austin, Texas, through Nov. 9. At the conference, Acquia customers and partners gather to share their best practices and lessons learned for how theyre solving the biggest challenges in CX delivery with the help of the Acquia Experience Platform. To learn more about how Acquia is helping marketers embrace innovation and create customer moments that matter, visit acquia.com.
An ebook highlighting the findings and providing analysis is available for download at: Closing the CX Gap: Customer Experience Trends Report 2019.
ABOUT THE SURVEY
The Closing the CX Gap: Customer Experience Trends Report 2019 was commissioned by Acquia and conducted by Regina Corso Consulting between August 14 and August 28, 2018. Respondents to the online survey were 5,003 consumers “ 1,000 from Australia, 1,000 from France, 1,000 from Germany, 1,000 from the United Kingdom, and 1,003 from the United States “ and 501 marketers “ 100 from Australia, 100 from France, 100 from Germany, 100 from the UK, and 101 from the U.S. The consumers are all 18 and older and the sample is balanced by age and gender for each country. The marketers are director-level and above, and their company has annual revenue of US$10 million or more.
Acquia is the open source digital experience company. We provide the worlds most ambitious brands with technology that allows them to embrace innovation and create customer moments that matter. At Acquia, we believe in the power of community – giving our customers the freedom to build tomorrow on their terms. To learn more, visit acquia.com.
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