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Innovators break the mould, at the 2020 Loyalty Magazine Awards

Currency Alliance

While travel and retail brands have made a lot of progress in the last 24 months, the bulk of innovation has come from other consumer sectors – including media businesses, entertainment, and telecoms providers, which in recent years appeared to regard loyalty as a lost cause. What really stood out is which brands were pulling off these feats.

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McKinsey Thinks Bland, Generic Loyalty Programs Are Killing Business – And They May Be Right!

Beyond Philosophy

These programs produce positive sales increases for hotels, for example, but negative sales impact on car rental, airlines and food retail. Loyalty programs continue to grow, but they are also tending to become more closely integrated with brand-building and multi-channel customer experience optimization.

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How Customer Experience is shaping during COVID-19 with ‘New Normal’

SurveySensum

To survive this pandemic, marketing managers need to adapt to resilience, innovation, agility, empathy and emotion and position themselves at the forefront of the longer-term shifts in consumer behavior resulting from this crisis. This is an example of how brands are using Omni-channels to listen to their customers.

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Loyalty trends 2023: a year of cost-driven innovation

Currency Alliance

During the covid-19 pandemic, we saw brands offer points for purchases across new sales channels, and the ability to stay engaged with the loyalty program – even if purchase volume or frequency dropped. Brands innovate around digital CX as an effective loyalty driver. An increase in fraud drives innovation around fraud prevention.

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How to Combine the Best of Both Human and Artificial Intelligence to Kindle a Successful Customer Experience

Kustomer

Only in the future, when innovations permit even further data for both bot and human, can they coexist in beneficial harmony. Not only is the client’s problem important, but the means, or channel, that your company uses to resolve it should be an additional focus. Knowing Your Customer. Vikas Bhambri: (06:39). Gabe Larsen: (15:53).

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WebHelp and Swedish Rail — Customer Experience on the Right Track

NICE inContact

NICE inContact research confirms this trend: Agent-assisted digital channels are gaining ground, with the largest growth in the agent-assisted web chat. SMS and mobile apps also have made gains, though less than chat channels (find more details here ). WebHelp with its CXone platform had just the solutions Swedish Rail needed.

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Loyalty + CX: Bridging Customer Engagement Disciplines

Currency Alliance

Industry incumbents are replaced by those who innovate more effectively – much like in nature. As digital sales, marketing, and service channels proliferated, companies were often on the bleeding edge of how best to deliver value. In many ways, the best experience we receive from any brand becomes our expectation of every brand.

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