CallMiner Product Innovation Series: Q4 2024
CallMiner's, Bruce McMahon, shares key product updates from Q4 2024. New AI capabilities, including CallMiner AI Assist, add to the long list of AI ad...
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The Team at CallMiner
July 29, 2016
By definition, “customer engagement” is an effect, a reaction, a connection, a response, and/or an experience of customers with one another, with a company, or with a brand.
But what does customer engagement actually mean?
According to CRM expert Paul Greenberg, the first step toward establishing valuable customer engagement is understanding what value means to them. In that sense, Greenberg notes, the idea is simple: Try your very best to make your customers happy.
In the call center environment, customer engagement is more critical than ever. Studies show it takes 12 positive customer experiences to make up for just one negative experience, meaning call centers are on the hook for providing exceptional customer service at all times.
Enter customer engagement analytics.
In order to provide excellent service, more executives are turning to advanced call center analytics to measure customer and agent interactions and ensure their call centers are performing at a high level.
Let’s take a look at 3 reasons why your call center needs customer engagement analytics:
Competition is fierce in today’s customer-centric marketplace. So what’s the best way to ensure your customers are satisfied with the experiences they’re having with your company?
With customer engagement analytics in place, you have the ability to not only listen to agent interactions with customers (i.e., What questions are they asking? What concerns are they expressing?), but to also analyze those conversations so that agents can be at the top of their game.
Such root-call analysis allows you to categorize each type of call, provide direct and continuous performance feedback to agents, and offer agent training opportunities that can ultimately lead to improved customer experiences.
In addition to automated call scoring and analysis, customer engagement analytics also allows you to drive a more efficient call center operation overall. You can, for example, leverage analytics to efficiently route calls and program IVRs, reduce repeat calls, and optimize average handling time.
The end result is, of course, improved service levels and reduced cost of operation. By implementing analytics, one CallMiner customer streamlined its caller verification process and saved 82 seconds per call. Their reduced call times also resulted in a 196% increase in the number of calls that were answered within 20 seconds, lowering call abandon rates by 32%.
When all is said and done, the customer experience comes down to not multiple, disparate points of interaction but the collection of those interactions overall. In other words, you must be able to understand the customer journey, regardless of the communications channel used, and seamlessly integrate those interactions into a complete picture.
By aggregating customer interactions, transactions, feedback, and agent data, customer engagement analytics works to provide an end-to-end picture of the customer journey. Armed with these actionable insights, you can both engage customers and provide an improved experience overall.
The key to staying competitive in today’s consumer-focused marketplace is to engage your customers at every stage of the customer lifecycle, whether that’s when they reach out to have their questions answered or when they make a sale. With customer engagement analytics in place, you can put your company’s best foot forward and ensure that your customers are satisfied with the interactions they have with your organization at all times.
CallMiner is the global leader in conversation analytics to drive business performance improvement. Powered by artificial intelligence and machine learning, CallMiner delivers the industry’s most comprehensive platform to analyze omnichannel customer interactions at scale, allowing organizations to interpret sentiment and identify patterns to reveal deep understanding from every conversation. By connecting the dots between insights and action, CallMiner enables companies to identify areas of opportunity to drive business improvement, growth and transformational change more effectively than ever before. CallMiner is trusted by the world’s leading organizations across retail, financial services, healthcare and insurance, travel and hospitality, and more.