Neustar-Commissioned Study Shows Customer Experience Tied to Voice Channel
RESTON, Va.--(BUSINESS WIRE)--Jan 10, 2023--
A new study, The State of Outbound Communications in 2022, commissioned by Neustar, a TransUnion company and conducted by Forrester Consulting, found that respondents’ top business goals include a focus on improving the customer experience and that outbound communications are closely tied to achieving those goals.
While 87% of the business and IT executives surveyed across nine industries agree that the phone is the most important outbound contact channel, respondents face significant obstacles in reaching customers. These include spam tagging, mislabeling as ‘unknown caller’, inaccurate CRM data, fear of fraud, and communication channel siloes. Aligning the voice and digital channel strategy is more critical than ever.
“While many respondents said they’re confident that they can orchestrate an effective multichannel strategy, the majority admit their voice and digital channels are separate. Less than half are currently leveraging contact strategies to help them orchestrate a multichannel approach,” said Robert McKay, senior vice president at Neustar. “Those respondents that have adopted contact strategies that leverage behavioral insights of their customers and their calling habits have seen many benefits, including increased answer rates, improved right-party contacts, greater operational efficiency, an heightened customer experience and revenue growth.”
Top findings include:
- Nearly three in four survey respondents said that the type of message and priority were the determinants of the outbound communication strategy. Only 40% consider customer preferences and behavioral data analysis in channel selection, and 34% said their solution provides up-to-date contact information for clients.
- Over 90% of respondents said customers are not picking up their calls, in part, due to concerns of fraud, robocalls, and call spoofing.
- About 40% of respondents are turning to customer contact solutions to help them optimize their outbound strategy and reach key goals.
- Adopters of customer contact solutions report improved customer retention (57%) and better customer experience and customer satisfaction (68%).
- 62% of customer contact solution users saw better regulatory compliance results through their solution.
- These benefits translate into increased revenues, as reported by 69% of respondent users, through reduced costs, greater efficiency, and happier customers.
According to the study, rebuilding trust in outbound communication requires a focus on customer contact solutions that increase transparency and contact intelligence capabilities to create more customer-centric outbound contact strategies.
About the survey
In July 2022, Neustar commissioned Forrester Consulting to conduct a study on the current state of outbound contact channels and solutions. Forrester conducted an online survey with 455 US business and IT decision-makers responsible for customer outreach. Read the full study here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good®. A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences, and personal empowerment for hundreds of millions of people. https://www.transunion.com.
Neustar, Inc., a TransUnion company, is a leader in identity resolution providing the data and technology that enable trusted connections between companies and people at the moments that matter most. Neustar offers industry-leading solutions in marketing, risk and communications that responsibly connect data on people, devices and locations, continuously corroborated through billions of transactions. Learn how your company can benefit from the power of trusted connections. home.neustar.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230110005970/en/
CONTACT: Neustar Media Contact
KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: MARKETING DATA MANAGEMENT ADVERTISING DIGITAL MARKETING COMMUNICATIONS TECHNOLOGY TELECOMMUNICATIONS
SOURCE: Neustar, Inc.
Copyright Business Wire 2023.
PUB: 01/10/2023 03:09 PM/DISC: 01/10/2023 03:09 PM