digital transformation: how communications service providers can thrive in the new digital...

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Tata Consultancy Services delivers solutions that help organizations navigate the path to successful Digital Transformation. Through deep industry expertise, modular, ustomizable solutions that meet real needs, and an “experience certainty” commitment, TCS helps communications service providers stay ahead of customers’ needs and drive down costs. Sources: 1. Forrester, 2. White House Office of Consumer Affairs, 3. Huffington Post, 4. RightNow CEI Report, 5. Economic Times, 6. Defaqto Research, 7. Bain & Company, 8. RightNow CEI Report, 9. Huffington Post, 10. EConsultancy, 11. McKinsey, 12. Neilsen, 13. Economic Times, 14. DeSantis Breindel www.tcs.com 13% of dissatisfied customers tell more than 20 people 2 of consumers began doing business with a competitor following a poor customer experience 4 more to acquire a new customer than retain an existing one 7 It costs 6-7 x 53% of US CEOs said social media users influence their business strategy 14 Loyal customers are worth up to ten times as much as their first purchase 3 $3.8T in 2014 13 Global spending on information technology is expected to reach 89 % of buyers will pay more for a better customer experience. But only 1% of customers feel that vendors consistently meet their expectations 8 86% of device spending will be in new categories such as mobile phones, tablets, and ultra-mobile PCs, by 2017 Tablets will comprise nearly half of first-time computer purchases 5 80% of companies have a well-developed strategy in place for improving the customer experience 10 Only 26% Online spending for new customers is about half that of repeat customers 11 $24.50 $52.50 NEW REPEAT 9 of consumers have ended a transaction due to bad service of brands received good or excellent customer experience scores this year 1 Only 37 % 90% of customers trust recommendations from their friends or peer groups 47% trust the company advertisements 12 How communications service providers can thrive in the new digital environment of customers would pay extra to guarantee better service 6 55% Because customers know more, expect more, and have more options, you have to deliver more. More value, more service and more of what they are looking for. So that fewer churn away, each household buys more, and that more sign up in the first place. 1. Deliver superior customer experiences Are you providing the service bundles customers actually want? Could your promotions work harder? Which customers are most profitable, and why? You have a firehose of data coming in, but which of it should you pay attention to? Up your game by analyzing the why of churn, the how of loyalty, and the when of promotions. 2. Monetize data Higher revenues are great, but only half the profit equation. New technologies give you the capability to drive customer care costs down, make your assets work harder, and get new services to market faster, all while reducing fraud and security issues. 3. Drive operational efficiencies Achieving Digital Transformation Achieving Digital Transformation

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Page 1: Digital transformation: How communications service providers can thrive in the new digital environment

Tata Consultancy Services delivers solutions that help organizations navigate the path to successful Digital Transformation. Through deep industry expertise, modular, ustomizable solutions that meet real needs, and an “experience certainty” commitment, TCS helps communications service providers stay ahead of customers’ needs and drive down costs.

Sources: 1. Forrester, 2. White House O�ce of Consumer A�airs, 3. Hu�ngton Post, 4. RightNow CEI Report, 5. Economic Times, 6. Defaqto Research, 7. Bain & Company, 8. RightNow CEI Report, 9. Hu�ngton Post, 10. EConsultancy, 11. McKinsey, 12. Neilsen, 13. Economic Times, 14. DeSantis Breindel

www.tcs.com

13%of dissatis�ed customers tell more than 20 people2

of consumers began doing business with a competitor following a poor customer experience4

more to acquire a newcustomer than retainan existing one7

It costs 6-7x

53% of US CEOs said social media users in�uence

their business strategy14

Loyal customers are worth up to ten times as much as their �rst purchase3

$3.8Tin 201413

Global spending on information technology is expected to reach

89%

of buyers will pay more for a better customer experience. But only

1% of customers feel that vendors consistently meet their expectations8

86%

of device spending will be in new categories such as mobile phones,

tablets, and ultra-mobile PCs, by 2017

Tablets will comprise nearly half of �rst-time computer purchases5

80%

of companies have a well-developed

strategy in place for improving the customer experience10

Only 26%

Online spending for new customers is about half that of repeat customers11

$24.50

$52.50

NEW REPEAT

9

of consumershave ended a

transaction due to bad service

of brands r

eceived

good or excelle

nt

customer e

xperience

scores this y

ear1Only 37%

90%of customers trust recommendations from their friends or peer groups

47% trust the company

advertisements12

How communications service providers can thrive in the

new digital environment

of customers would pay extra to guarantee better service6

55%

Because customers know more, expect more, and have more options, you have to deliver more. More value, more service and more of what they are looking for. So that fewer churn away, each household buys more, and that more sign up in the �rst place.

1. Deliver superior customer experiences

Are you providing the service bundles customers actually want? Could your promotions work harder? Which customers are most pro�table, and why? You have a �rehose of data coming in, but which of it should you pay attention to? Up your game by analyzing the why of churn, the how of loyalty, and the when of promotions.

2. Monetize data

Higher revenues are great, but only half the pro�t equation. New technologies give you the capability to drive customer care costs down, make your assets work harder, and get new services to market faster, all while reducing fraud and security issues.

3. Drive operational e�ciencies

Achieving Digital TransformationAchieving Digital Transformation