It’s amazing how much the topic of Big Data has
monopolized the discussion for IT in 2012, and we aren’t
likely to see it end anytime soon. At the C-level, the discussion
transitions from managing Big Data to making Big Data actionable.
How do we use Big Data to improve operations and fulfillment,
marketing, sales and support, etc.? Even more importantly, how do
we make Big Data actionable to improve customer experience,
satisfaction and loyalty?
Let’s explore Big Data as the “driver” for the
role of a Customer Experience Officer (CEO). This is what will move
Big Data from a “managing” exercise to an
“actionable” event, where all the work and investment
made by organizations for leveraging Big Data will be personified
either through an “Office of the Customer Experience.”
The movement for a formalized senior level, customer-centric title
is well underway. We’ve seen elevated titles associated with
customer operations, customer experience, customer success,
customer feedback, and customer advocacy across the industry and
our customer organizations.
When you add “Big Data” to the equation — and
all of the areas where Big Data comes into play in representing the
Voice of the Customer (VoC) — you understand my point in Big
Data accelerating the concept of the Customer Experience Officer.
Big Data and VoC intersect across the entire corporation in areas
such as customer service departments that gather input based on
transactional interactions; marketing departments that analyze
interactions on websites and in marketing campaigns; and product
management that examines input to assess feature requirements and
more. In all these cases, each business unit gathers information
via its own methodologies and for its own use, stranding critical
information in silos —and depriving companies the benefit of
inter-group communication.
With companies investing in the technologies that capture and
analyze Big Data, Customer Experience Officer can be the conduit
for ensuring that all the relevant information is shared throughout
an organization. Only when the sharing of information becomes part
of the corporate design and philosophy can the informational
insights be shifted from informal and sporadic to purposeful and
ongoing. The Intelligent Enterprise insists on collaboration
— not functional silos.
Creating a specific title and charter for the role of the
Customer Experience Officer will lend executive endorsement and
send the signal that an organization has completely shifted towards
a customer-centric model. This is reinforced in a 2012 Strativity
whitepaper titled ‘The Path to Customer Experience
Success’.
The firm states: “Having strong technology support for the
new customer-centric business strategy enables companies to engage
their complex, multichannel customer in meaningful dialog-driven
conversation while at the same time driving rich analytics
reflective of the complete view of the customer
experience.”
Furthering this point, a 2012 Capgemini study indicates that 85
percent of respondents say the issue is not about the volume of
data but the ability to analyze and act on data in real-time.
Another report sponsored by Oracle in 2012 indicates that 93
percent of executives believe their organization is losing revenue
on average, 14 percent annually, as a result of not being able to
fully leverage the information they collect.
A dedicated and formalized role is required to leverage the
value of Big Data in Voice of the Customer initiatives. Big Data
and the Customer Experience Officer — seems like they should
arrive hand-in-hand.
The author is Senior Vice President, Marketing, Verint
Systems