VITEC, Inc. & Interactive Intelligence Top 15 Contact Center Trends for 2015 Michelle O’Brien, Vince Fulgenzi & Charlie Sonnenberg www.vitecinc.com Thank you for joining us today! To follow are some top trends we’ve noted, see what you www.vitecinc.com Trend #1 – Voice Analytics Speech/Voice analytics software = ability to reveal customer insights/V.O.C. Most centers record all calls What about email, Web form, survey, social media contact? Social media, web surveys & focus groups added to sources of data that could be analyzed Speech/Voice analytics to become even more popular, thanks to Big Data, SaaS and other trends… Fonlo customer service blog, 2013 www.vitecinc.com Voice Analytics – Tuning In… According to Micro Market Monitor the North America speech analytics market is expected to grow from $241.8 M to $696.2 M by 2019 The reason for the boom in growth = the rapid expansion of call centers. VoiceBase on January 22, 2015 “The traditional center has evolved into a valuable hub, where analyzing interactions in real time is quickly becoming a powerful tool for businesses to extract intelligence…” VoiceBase on January 22, 2015 When used effectively, speech analytics can strongly impact: • Customer Service – lower rate of poor calls, trend positive calls • Customer Retention – recordings give insight into customer mind & sale success keyword(s) • Marketing & Sales – sharing data with marketing departments from calls leading to sales, companies can market to customers more effectively. • …and others – education, market research, training/coaching, etc. Remember: You can have data without information, but you cannot have information without data. It’s time to start collecting that data. VoiceBase on January 22, 2015 (article: 3ways speech analytics will change the call center industry) www.vitecinc.com Trend #2 –Voice Biometrics The Verizon data Breach Investigations reported, “76% of network intrusions are from the exploitation of weak or stolen credentials.” Most centers operate with one primary goal: customer service….leaving them vulnerable to “bad actors” and fraudsters…taking advantage of weak methods to authenticate callers. Voice biometrics verifies callers’ identity through the unique patterns in the voice The single greatest benefit to companies is to provide their customers a more secure – and extremely natural – form of authentication According to Gartner: Stronger caller authentication than traditional security questions & account information can shorten calls by 20 seconds! www.vitecinc.com Biometrics – Speaker Verification Voice biometrics eliminates much security risk by using the customer’s unique voiceprint for authentication. Easier and much more accurate way to authenticate caller identity. • A voiceprint is a hashed string of numbers & characters. • Compromised voiceprint has no value to a hacker Benefits of Biometrics: 1. 2. 3. 4. 5. Save Your Customers Time Fraud Prevention Cost Savings Easy Implementation Customer Experience Associated Press reported voice recognition industry could generate as much as $900 billion in revenues in 2015. Global market for voice biometrics expected to reach $30 million by 2020, with the AsiaPacific region growing fastest, at a CAGR of 21 percent over the next five years. www.vitecinc.com Trend #3 – Big Data The big data and analytics market will reach $125 billion worldwide in 2015, according to IDC Big Data is an all-encompassing term for extremely large data sets that may be analyzed computationally to reveal patterns, trends and associations, especially relating to human behavior and interactions. www.vitecinc.com Big Data – who’s mining your data now? “There's valuable data in those contact center logs…There may be no corporate function that throws off more data than the corporate call center…Every contact is counted, routed, measured and scored” Stephanie Overby in an article in CIO.com, titled Big Data Analytics Gold for the Call Center. A recent survey by Software Advice, a web-based review center for helpdesk systems, on how to improve call routing using big data revealed: • 67% of people over 65 prefer slow paced customer service calls,57% of 18- to 24-year-olds prefer more time & attention. • Casual engagement preferred by 49% of Midwestern callers,; 36% of Northeastern preferred formality. • U.S.-based agents preferred by 78 % of those 55-64; 48 % of 18- to 24-year-olds had this preference. So, what do these stats show? THAT’s Big Data.. How can your team use big data to provide top-notch customer service? • Customer Insight – agents need access to all customer information to personalize service,; • • improves customer experience & empowers agents Data Analysis – Your analysts work w/pros to drive effective decision making. includes customer journey mapping & best agents for specific calls. Center to account for customer data both quantitative and qualitative & provide to agents real time Training - Essential managers trained to utilize data to advance customer service. Empowering them to base interactions on accurate data=fact-based decision making. Helps coach agents to success, measureable impact on team performance. www.vitecinc.com Trend #4 – Live Chat/Support “Making Proactive Chat Work” Study conducted by Forrester Research : • “44% of online consumers say having questions answered by a live person in the middle of an online purchase is one of the most important features a Web site can offer.” • ATG Global Consumer Trend study found 90% of customers consider live chat helpful and an emarketer.com survey found 63% more likely to return to a website that offers live chat. 38% of respondents said they made their purchase due to the chat session itself…” www.vitecinc.com Live Chat (Live Support) Advantages of Live Support/Chat: • • • • • • Convenient for customers Reduces expenses (rep. time & phone expense) Increases sales Edge over competitors Taps into customer pain points (Voice of Customer!) Build deeper relationships and trust with customers (always someone there to help) • Quality customer service is crucial to long-term success of your business. • Existing customers will become most vocal advocates & grow customer base on your behalf if you provide worthwhile & memorable experience each & EVERY time. Prepare to Chat! • Train your team; specific skills for chat (good writers, multi-taskers, recognize angry customers, provide timely responses, etc.) • • • • • • Be aware of shopping hours for customers Don’t be robotic Consider hiring employees with sales experience (or train current staff) Boost your social Be prepped for surges in chat volume & how to relay to customers Offer customers helpful support/chat features www.vitecinc.com Trend #5 First Contact Resolution/SSR “SQM surveyed over 1,000,000 call center customers…” “Most important metric for measuring customer service . . . FCR / SSR!” Likelihood to go to competitor “SQM research…shows that call centers w/high employee satisfaction also have high FCR”/SSR. www.vitecinc.com First Contact Resolution/SSR • Improves employee satisfaction • Cross train reps and empowered to go that extra mile to resolve issue rather than escalating/callback. • Rework standard procedures of logging service orders, tickets or documents instead of passing it through the loop • Reduces operating costs • Adds value to your customers • Returns trust to “at risk” customers • Builds great brand image for your product/company • Increases sale opportunities • Look for departmental integration, if possible, to work on First Contact Resolution/Single Session Resolution. www.vitecinc.com Trend #6 – Remote Agents/@Home • • • • Over 3 million Americans work from home More than 50 percent of call centers in the U.S. have some at home. Attrition rates for work-at-home agents 35 to 50 percent lower At-home agent adoption expected to accelerate by over 25 percent annually Work@Home = WIN + WIN Gives Employees Gives Employer More Flexibility & Work/Life Balance Great efficiencies & high margins Companies like American Airlines, Citi, American Express and JetBlue are increasingly turning to employing an at-home call center workforce . . . the added layer of computer-based security can make the home working environment more secure than in-house.” • • • • Touchtone entry of payment information & use of PC cameras Special access codes & adding additional passwords Some call centers record the screens of their workers Ability of agents to keep working www.vitecinc.com Remote Agents – breaking it down Some Challenges: • Reps @home can lose the sense of community and connection present in a call center. • Training can be a challenge when it must all be done by video & phone. • Motivation to keep working at top productivity might be more difficult to maintain when the agent is @home, instead of seeing others working @desks. • For mission-critical projects, it may not always be possible to hire call center agents that work from home. However, it would be ideal if they work onsite for a year or so before they can start working from home. Some Advantages: • Cuts office-space costs, especially in high-rent districts. • Increases employee satisfaction (casual dress & work in the comfort of own home) • Adds flexibility to hiring process; location not an issue. • Many agents more productive & able to give individualized attention to each caller w/fewer distractions • A shift in flexibility of scheduling & working hours that matches when people/customers are home www.vitecinc.com Trend #7 – Virtual Agents Gartner forecasts that 50% of customer service interactions will be conducted via virtual assistant by 2015 • Virtual agent is a chatterbot program “Online CSR” • Lead intelligent conversation: • • Perform appropriate non-verbal behavior. Personal service feeling because of human appearance & ability to reply to customer inquiries • Combining A.I. to help people perform tasks (intelligent virtual agent, virtual rep or v-rep) ICMI research shows that more than 64% of contact center leaders feel advanced self-service options such as virtual agents improve the overall customer experience www.vitecinc.com Virtual Agents – “Real” results A recent Forrester Report showed only 28 %of U.S. online consumers "prefer to contact companies via telephone or e-mail rather than using a company’s website to get answers to their questions." With names like Jess, Ana, Kim and Olivia, V-Reps are the smiling self-service persona of some of the world’s biggest brands: PayPal, Google, Coca-Cola, E-Bay, Apple, Columbia College, etc. Dubbed “virtual agents”, they sit on websites 24x7, inviting the customer to “ask a question”. Some V-Rep Benefits: • Offers an unbiased, unadulterated voice of the customer • Interprets intent of customer question w/natural language; traditional keyword search cannot • Automated reporting reflects the opinions of tens or hundreds of thousands of YOUR CUSTOMERS. • Insights can be available in real-time - no need to wait for an analyst • Can instantly categorizes themes & trends • Themes can be clicked on for drill-down insights (ex: why are so many customers mentioning a particular competitor? • Provides opportunities leaders can immediately act on to improve product & service offerings. As with any successful self-service channel, there is a big benefit in reduction of calls, emails and chat sessions initiated to the center. Translates to a quantifiable ROI on a technology which: Gets companies in tune with their customers, without having to hassle them for feedback! www.vitecinc.com Trend #8 Agent Roundtable Session The Voice of your AGENT IS the Voice of your CUSTOMER! • • • • • • • • Improved Teamwork and Communication Greater job fulfillment Empowerment & Ownership among agents Happiness & Trust Cultural improvements Increased sales Improved customer journey Enhanced retention: Agents & Customers www.vitecinc.com Trend #8 – Agent Roundtable Session • • • • People are power Your center, Your company wouldn’t exist without People Information becomes power in the hands of people (knowledge) YOUR PEOPLE are the most untapped source of information about YOUR CUSTOMERS • Do you know the Perception of YOUR PEOPLE? • Do you know the Perception of YOUR CUSTOMERS? Employee and customer perceptions, beliefs and opinions, experiences, needs and information drive their behavior, decision and actions. • The people most tuned in to the voice of your customers are…YOUR PEOPLE. • Reps in your center are on the front lines, watching, listening, learning & guiding your customers throughout their experience • YOUR PEOPLE are walking with your customers on their journey. They’re the guides…talking, instructing & listening to YOUR CUSTOMERS all the while. • Is your center Function focused or Human focused? • Do you roundtable? www.vitecinc.com Trend #9 - Gamification “Gamification makes the hard stuff in life fun.." “Gamification is: • • • Deriving all the fun and addicting elements found in games Applying them to real-world or productive activities. “Human-Focused Design” vs. “Function-Focused Design” Gartner, in a recent report: “…by 2015, more than 40% of the top companies would be using gamification to transform their business operations”. CRM Magazine: “. . . it is imperative that management finds ways to ensure that workers are properly engaged. www.vitecinc.com Gamification According to Gartner, a 5% increase in customer retention could increase profits by 25 to 125%? • • Who’s in charge of customer retention in your center? And, how engaged are they? Recent Gallup Poll shows 70 % of people aren’t engaged in their jobs, costing the U.S. economy $350 billion annually in lost productivity. Engaged employees are 87% less likely to leave the organization than the disengaged (think training costs) Good news!! Engagement, both for managers & call center reps, can be improved using gamification. Gamification can… Gamification Mechanics What’s in it for Me? • Recognize & Reward • Measure & Motivate • Build Reputation • Increase Loyalty Fast Feedback See where I’m headed Badges Show my achievements Competition Know who’s winning Community Work as a team Leveling up Learn more, try harder http://www.yukaichou.com/gamification-examples/gamification-stats-figures/#.cptsource=twitter.cptid=anon1be9a9acc89fe536ca4590df0eca23; bunchball/CITO research www.vitecinc.com Check this out… Recent workforce science research identifies another group in the call center whose engagement is critical—managers: Bosses, as it turns out, really do matter In telephone call centers where hourly workers handle a steady stream of calls under demanding conditions: • The communication skills and personal warmth of an employee’s supervisor are often crucial in determining the employee’s tenure and performance. • Recent research shows that the quality of supervisor may be more important than the experience and individual attributes of the workers themselves. — Steve Lohr, “Big Data, Trying to Build Better Workers,”New York Times, April 20, 2013 www.vitecinc.com Trend #10 Multi-Channel In 2015, Multichannel is in full-swing & mainstreamed. Research shows customers expect to be able to communicate with sales or customer support via: • Phone • Email • Web chat (see chart). • Other channels rapidly moving up, based on age demographic. Consumers between the ages of 25-34 are the largest group looking for these other channels. www.vitecinc.com Multi-Channel – The Mainstream You may have heard the term “omni-channel,” in place of multi-channel, implying an offering of all possible channels of communication, including Social Media. Savvy centers are moving in that direction. • Voice, email, & chat are must‐have capabilities. Your center will lose customers if you don’t have them. • Video, social engagement, & mobile extensions areas of communication differentiation. Customers don’t expect you to have them. Will be impressed to find you can follow over all channels. (Source: Nemertes Research) Benefits of Multi-Channel? Increased Efficiencies: Self-service options reduce costs Certain channels allow better optimization of agent’s time Delivery of a Better Customer Experience: Give customers choices Ability to provide a consistent service level So what to do? • First, determine the age demographic of your customers. • Take a phased approach, adding one channel at a time • Don’t deploy “Accidental Multichannel,” for a few examples, where: • • New channels are added by individual departments, Context and history aren’t shared, Multichannel/Omnichannel contact centers have the ability to add social media content to the mix to enhance customer relationships, strengthen brand opinion, drive increased lead generation. Adding ability to route social media content to the right person for tangible, identified action extends leverage & responsiveness of your center. Look for a solution & vendor partner that provides integration with contact center software so you can bring this growing & valuable source of data into your workflow. www.vitecinc.com Trend #11 – Blending/Cross Training • Zendesk: 72% online self-serve - only 52% getting what they need. • Forrester Survey www.vitecinc.com Blending – The Right Recipe for Cross Training Equipping Agents to Deliver Social Media Support • Voice remains primary touch point for organizations, yet many relying on center to manage other contact channels. • Agents having tools in place and the training to resolve issues quickly & consistently. Cross-train Agents to Enable More Flexible Call Center Scheduling – skill blending • Some companies still prefer to train agents to handle specific channels, many learning it pays to cross-train: • • Gain greater flexibility in scheduling. Combined with advanced workforce management system, managers can more easily achieve operational efficiency. Some important considerations for contact center managers: • Occupancy: ability to forecast traffic & shift agents to different positions at certain times of the day to meet service levels • Leveraging service level differences: real time (voice, web chat) vs. near real time (email, social media)& identifying social interactions “trending” hour by hour • Shifting responsibilities: Variation of agent work can drive retention • A consistent, reliable customer service team is essential to positive customer experiences. IMPORTANT: Agents are getting tougher contacts looking to them to be problem solvers. Managers must consider how adoption of multi-channel technology affects what staff members are trained to do www.vitecinc.com Trend #12 – Mobility (Mobile Customer Care) Smartphones and the Customer Service Revolution 2016 smartphones/devices will be responsible for 37% of inbound CS calls in N. America www.vitecinc.com Trend #13 - Multilingualism • Advantages multilingual support over traditional call centers. • • • Create a positive customer experience Increase efficiency & agent productivity Drive sales & revenue in new markets. U.S. Census: 1980 – 2007 • Speak a language other than English at home more than doubled (5th Largest Hispanic ) • Don’t speak English grew by 140 percent, overall population up 34 percent. www.vitecinc.com Trend #14 – Workforce Optimization Achieving a higher level of customer satisfaction through workforce-optimization 2013 Forrester Survey: Client satisfaction goes hand-in-hand with workforce optimization. Voice of the Customer is imperative www.vitecinc.com Workforce Optimization – how to “work” it The Value of Metrics • Center managers can’t effectively manage what’s not measured • In 2014, only 43% of centers had high level understanding of KPIs Large numbers of centers continue to depend on basic metrics to determine how well their workforce is performing… What about the Voice of the Customer or VOC – where’s that being heard? Forrester Research predicts annual growth of about 20 % in the coming years for VoC. According to Jim Davies, Research Director at Gartner, it is “now being viewed as a must-have strategy.” Client satisfaction and customer experience goes hand-in-hand with workforce optimization. Capturing the Voice of the Customer is imperative to creating your organizations customer experience. What are you measuring and what are your customers saying? Is your center’s workforce optimized? www.vitecinc.com Trend #15 – The Cloud • DMG Consulting; Cloud-based infrastructure predicted to double 2013 - 2015. • Frost and Sullivan: North American cloud-based call center market is expected to grow to $2.1B in 2014 www.vitecinc.com The Cloud – winds of change Moving the contact center to the cloud is an evaluation that warrants careful analysis… Primary Cloud-Based Contact Center Benefits • No upfront costs • Faster deployment • Less for IT to Support • Improved Systems : • Updated IVR, ACD, WFM, Recording, etc. • Upgrades included. “Never” be stuck with an outdated system. Other Considerations: • Is Trading Large Operating vs. Large Capital the best financial decision? • Hidden costs? • Security: Data center hacking is common event; • How secure is the cloud, is anything safe? • More moves to cloud, does the value (of the target) increase? • Early adopters learned that there can be less flexibility & increased response times prompting a move back to premise or private cloud. www.vitecinc.com Forward to the Future: Trends and A Memorable Unmemorable Tale… www.vitecinc.com UNMEMORABLE SERVICE www.vitecinc.com MECHANICS OF COMMUNICATION IN CUSTOMER SERVICE www.vitecinc.com www.vitecinc.com FOCUS ON REDUCING CUSTOMER EFFORT, NOT “CREATING EXCEPTIONAL EXPERIENCES” www.vitecinc.com www.vitecinc.com 2.5:1 phone preference of 77 year olds + 56% of customers in ACD tried self-service 34% are still on your website while talking to a rep 50% customers prefer text over all other channels 10% disloyalty created by channel switching www.vitecinc.com MITIGATE DISLOYALTY BY TYING CHANNEL DATA TOGETHER TO INFORM EACH STEP OF CUSTOMER’S JOURNEY www.vitecinc.com BIOLOGY OF COMMUNICATION www.vitecinc.com www.vitecinc.com www.vitecinc.com www.vitecinc.com www.vitecinc.com