Learn how to leverage mobile technology to transform how you engage and interact with customers across a variety of industries, including financial services, insurance and healthcare. This presentation covers the three keys to successful mobile engagement, customer engagement challenges and trends, and how to leverage mobility in the First Mile™ of customer interactions for competitive advantage.
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Mobile Customer Engagement in the First Mile
1. Mobile and the First Mile™ of Customer Engagement
Jeff Ballard
Industry Solutions Executive
24 May, 2013
2. Do You Remember When Making a Purchase Meant…
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Going to that
store or branch…
And basically engage
according to their rules
Shop their hours…
Having to rely on
their expert advice…
Trying to find things based
on the store’s layout…
Finding a store that
carried the item…
3. The Impact of Mobile Has Changed That Dramatically
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• 1B consumers with smartphones by 2016
• 350M employees will use smartphones
• 200 million will bring their own
• Mobile spend will reach $1.3T by 2016
• 35% of the technology economy
• Mobile Apps market 55 billion
• Business spending on mobile projects
will grow 100% by 2015
Mobile is the manifestation of a much
broader shift to new systems of
engagement, helping firms empower their
customers, partnersand employees with
context-awareapps and smart products
~ Forrester
4. It’s Not Just the Young Driving Multichannel Service Demand
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5. Mobile is the most disruptive consumer technology trend(s) from
now to 2015
Source: Forrester, 2013
6. What’s Your Perspective?
Are you seeing some of the same trends?
How is your market different?
What are you/your customers exploring in
mobile?
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7. 3 Keys to a Successful Mobile Engagement
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Customer Engagement
The First Mile
Mobile
9. Return on Relationship
Bottom Line Impact
Source: Gallup, 2012
The Value of Customer Engagement
Slide 9
Actively Engaged
Strongly emotionally attached
and attitudinally loyal
Engaged
Emotionally attached but not
strongly loyal
Not Engaged
“Take it or Leave it.” attitude
Actively Disengaged
Completely detached from your
company and its product and
services
Share of Wallet, Profitability,
Revenue and Relationship
Growth
Organizations with optimized
customer engagements
significantly outperform their
competitors
10. How Engaged Are Your Customers?
Slide 10
Source: Gallup, 2012
Automobile
26% Actively
Disengaged
those purchasing a
new car in the last
4 years
Airline
43% Actively
Disengaged
with the airlines
they fly most often
Best
Performing
Brands
14-30%
Actively
Disengaged
Hotel
$700 Per
Customer
Annual reduced
revenue due to
Disengaged
Customer
Banking
$8,000 Per
Customer
Annual reduced
revenue due to
Disengaged
Customer
12. Customer Engagement Challenges
“Business Priorities 2013: Business Growth through Customer Experience
Strategy and Operational Investment” IQPC – January, 2013
“Only 39% of
organizations
reported that they
had been able to
drive improvements
in customer
satisfaction over the
previous 12 months
~ Trends in Customer Service
2012: Multi-channel Edition,
Aberdeen, Nov. 2012
13. What’s Your Perspective?
Is your company/customer talking about
customer engagement?
Who are some of the companies with the best
customer service in your market?
How would/do you measure customer
engagement success?
13
15. Kofax Addressing the Insurance First Mile
Slide 15
Agents/RegionalOffices Corporate OfficeConsumer/Business
Mobile
Devices
Emails
XML / EDI
Data Streams
MS Office / PDF
TIFF / JPEG filesPortals
Faxes
Digital Scanners
MFPs / MFDs
Paper
Mail Room/
Processing
Center
The First Mile
“Systems of Engagement”
generate real time, information intensive
communications from customers
“Systems of Record”
are enterprise applications
designed for internal purposes
16. Technology Has Evolved to Support the First Mile
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Market Size
1M
100M
1B+
1985 1990 1995 2000 2005 2010 2015
$0
$1B
$2B
$3B
$4B
$5B
100K
500K
Smart Phones & TabletsUsed by
Employees & Customers
Desktop Scanners& MFPsin Highly
Distributed Front Offices
MidRange Scanners in Distributed
RegionalOffices
ProductionLevel Scanners in
Centralized, Back Offices
Monolithic PageScanners in
Centralized BackOffices
“Everyone has a scanner
in their pocket today.”
Geoffrey Moore,
Best-selling Business Author
17. Optimize your customer experience
Enable collaboration with your customers & inside
your organization
Improve response times and service levels
Gain competitive differentiation and advantage
Better manage and grow your business
Greatly reduce operating costs
Improve information quality
Accelerate processing times
Minimize labor intensive processes
Making the First Mile Smarter
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18. What’s Your Perspective?
What does your/your customer’s First Mile look
like?
Where are you/your customers capturing
information coming in to the organization?
What is of the most concern in your First Mile –
customer engagement or cost reduction
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22. Welcome your new employees ...
• Underwriters
• Adjusters
• Actuaries
• Diagnosticians
• Regulators
23. Your advisors are changing how they provide
financial planning advice to consumers...
24. ...because it’s supporting customers through their buying
journeys
Source: November 2011 Forrester
Report : “Mobile Mandate For
eBusinessProfessionals”
26. What’s Your Perspective?
What are you/your customers doing with mobile
today?
What plans for the future – what is of most
interest?
Are you focused on consumer, partner,
employee, or smart device apps?
Who do you find is best leveraging mobile today?
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28. For further information, please contact:
Jeff Ballard
Industry Solutions Marketing
Phone: +01-949-783-1476
Email: Jeff.Ballard@Kofax.com
LinkedIn: www.linkedin.com/in/JeffBallard
Twitter: @JBallard_Kofax