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Optimizing Technology Enablement: How it Benefits Customer Lifetime Value

Source: ServicePower
Optimizing Technology Enablement: How it Benefits Customer Lifetime Value

“Technology Enablement” is the trendy term you’re hearing in every business conversation, conference key note, and industry publication … but taking realistic – and measurable –steps to harness the power of emerging technology means understanding your current goals as well as defining the solid foundation on which you need to build an industry-leading future.

The fact is, no matter what your industry, investing in technology in today’s world improves your ability to delight your customers and drives improved long term profitability. Creating value for your existing customers and attracting new business with the best in class seamless customer-centric services not only improves the Return on Investment (ROI) on any technology upgrade investments you make, but also significantly increases the Lifetime Value of every customer through increased satisfaction, trust, and loyalty.

Technology advancements are launching at an accelerating rate, both from a business and customer perspective. You only need to look at the smart phone in your hand to understand how rapidly the landscape is changing. Any business looking to lead their industry segment must create a seamless customer experience journey, which incorporates the latest technologies, before customers look to a competitor who does.

To optimize your customer’s experience, company offerings can utilize new technologies to meet, and exceed, customers’ expectations about what they need and what their pain points are, rather than continuing to operate with old technology that puts corporate convenience or outdated practices before the customer.

By taking a holistic view of the critical success factors for implementing emerging technology solutions, you
can build a sustainable future that continuously leverages the increasing power in the customers’ hands and positions your team for sustainable profitability.