Understanding the Customer Journey
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Leading businesses of all sizes, both startup and mature enterprises depend upon analytics to be successful. However, traditional analytics don't tell us the whole story of the customer journey. They do a great job of describing what customers do, but fall short in helping us discover and explain why they do it. Combining quantitative analytics with qualitative journey-based, insights gives businesses the insights they need to understand what motivates customer behaviors and desired outcomes. In this talk, Christopher Bevel, Owner, Bevelroom Consulting shares his tips for how to combine analytics with voice-of-customer insights to inform strategy. What is covered: Data to Insights: Why it is important to have different skillsets for combining quantitative ('what') and qualitative ('why') data for a more holistic set of insights Examples of combining digital analytics with VOC to inform business strategy and improve customer experiences. Bringing data to life through customer data stories
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Understanding the Customer Journey
- 1. Combining analytics and VOC to discover new opportunities Understanding the Customer Journey
- 2. Journey MapAnalytics SECONDARY DATA + PRIMARY DATA
- 4. 1: Analytics alone don’t explain the journey. Go to your customers. Get to know what motivates them. Solve their problems.
- 5. 2: Emotions and intuition drive decisions, as well as logic. Neuroscience indicates that emotions outweigh our conscious rational mind in decision making.
- 6. 3: Experiences are the new product. Brands that lead on customer experience outperform competitors on key metrics ranging the entire journey from revenue and return on ad spend to retention and advocacy. Sources: Forrester/Adobe - The Business Impact of Investing in Customer Experience; Millennials: Fueling the Experience Economy Millennials are increasingly spending time and money on experiences, from concerts and social events to camping. They desire meaningful, experiences they can create and share.
- 7. Creating great experiences requires a deep understanding of the customer’s journey. Analytics answers: WHAT, WHO, HOW, WHEN VOC answers: WHY (motivation, perception)
- 8. Journey Mapping • Qualitative research method • Customer point of view • Key moments and emotional drivers • Discover opportunities Data storytelling
- 9. Choose dental school Complete dental school requirements Find out what is needed Move to the US Student Recruitment: International Student Journey Begin practicing Graduation
- 10. Healthcare: Attracting New Patients • Conversions • Patient experience • Brand perception Scheduling (Respond, Introduction, Insurance Verification) Contact Center Solution: Digital Referral System Paperless Easier to use Trackable Online ReviewsConversions +
- 11. Best practices & tips 1. Ask what, then why 2. Build a customer board 3. Run experiments 4. Use data storytelling Key moment Key moment
Notes de l'éditeur
- What are the differences between analytics and VOC Analytics is quantitative, secondary data, generated as a result of running the business. Usually represented in numerical reports and dashboards. VOC is qualitative, primary data generated more on an as-needed basic (or never at all). Can take many forms. A journey map is a great example. The main point is that both are data and when combined can produce a more complete set of insights about customers to inform business strategy and product development.
- The first reason is that analytics alone don’t explain the customer journey. This is because analytics can describe and explain what and how customers behave, but not why. So analytics alone doesn’t reveal the underlying motivations that lead customers toward engaging with your brand. Example: purchase path for e-commerce, or a B2B service. It is important to understand these motivations in order to optimize experiences and marketing performance. You have to get to know your customers. Put yourself into their shows, into their lives. This is true for businesses of all sizes, from startup to enterprise. Paul Graham: founder of Y Combinator: Go to your customers.
- A second reason relates to what drives our behavior, and customer purchasing decisions. Neuroscience teaches us that people make decisions based largely on emotion and intuition (gut feeling), in addition to considering facts. Logos = facts and rationale, Pathos= emotions, Ethos = credibility, trust Many business models are built largely on trust. Trust is an emotion, that can’t easily be measured through analytics. Example: e-commerce, Amazon, AirBnB, to name a few. Example: AirBnB – how do you convince wary consumers to trust in a home sharing? Emotions also drive business decisions. Consider the last time you were pitching your project using data. Example: using a customer story to convince executives to invest in a project If you are interested in learning more about how our brains works, and how we make decisions, these are two great books.
- A third reason is that more and more people buy experiences, not products. Creating great experiences depends on a deep understanding of the customer and her journey. Brands that invest in CX outperform their competition. This is especially true of millennials, our biggest consumer segment. Do you what the fastest growing segment of camping is? Example: consider why AirBnB is investing in experiences. They did a lot of consumer research prior to launch. Millennials: Fueling the Experience Economy https://eventbrite-s3.s3.amazonaws.com/marketing/Millennials_Research/Gen_PR_Final.pdf Millennials prefer experiences over stuff. When it comes to money, ‘experiences’ trump ‘things’: More than 3 in 4 millennials (78%) would choose to spend money on a desirable experience or event over buying something desirable, and 55% of millennials say they’re spending more on events and live experiences than ever before. 72% say they’d like to increase their spending on experiences rather than physical things in the next year, pointing to a move away from materialism and a growing appetite for real-life experiences. Experiences help shape identity & create life-long memories: Nearly 8 in 10 (77%) millennials say some of their best memories are from an event or live experience they attended or participated in. 69% believe attending live events and experiences make them more connected to other people, the community, and the world. FOMO drives millennials’ experiential appetite: Nearly 7 in 10 (69%) millennials experience FOMO. In a world where life experiences are broadcasted across social media, the fear of missing out drives millennials to show up, share and engage. Americans overall are dedicating more income to experiences: Millennials don’t hold the exclusive: the demand for live experiences is happening across the generational board. Since 1987, the share of consumer spending on live experiences and events relative to total U.S. consumer spending increased 70%. People want to experience more, and businesses are evolving and entering the market to meet that demand.
- So, creating, marketing and serving great experiences requires a deep understanding of our customers and their journey. Analytics alone cannot provide all the answers.
- So how do we build a deep understanding of our customers? A great method for this is journey mapping. Qualitative observations of actual customers Journey maps are inherently visual as they document the customer’s thoughts, feelings, key moments and interactions along their journey of interacting with an organization. Customer’s POV – not an internal process or sales funnel perspective Should be used as a living document, a communication tool to identify opportunities to improve experience, meet business objectives Involve all key functional areas during observations and communications of insights. Can include ‘swimlanes’ that align the customer POV to internal processes. Can be current state or aspirational Can inform a wide range of innovation activities from incremental problem solving to large scale transformations. Great for breaking down siloed views of the CX, and creating more holistically managed CX. Data storytelling Data storytelling is simply presenting your data in the form of a story, with a beginning, middle and end. Set the scene (business context), describe the characters (the problem/pain point as the villain, customers, stakeholders and you as the hero). It’s a compelling narrative crafted around and anchored by compelling data. By blending narrative and visuals, you are targeting the rational and emotional sides of the audience’s way of thinking and decision making. Data visualization is particularly powerful here because it increases comprehension, retention and appeal.
- Here is an example of a journey map I build recently. In talking with international students, and mapping their journey, we uncovered a big insight. We then used that insight to build an engagement strategy to recruit those students.
- In a healthcare example, our goal was to grow our patient care services and improve the patient experience. Analytics told us we had a conversion rate problem but we didn’t’ know why. Online reviews and talking with our employees uncovered issues that we needed to address to improve our conversion. These insights helped to clarify the problem and focus our efforts to invest in new solutions.
- So as you consider how to combine your company’s analytics and VOC, here are a few best practices and tips.