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BILLY LOIZOU

LEND ME YOUR EYES

Why Customer Experience Is Confusing Your Business

6/23/2016

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“60% of IT workers now identify improving the customer experience as their top digital goal, while the majority of marketers chose ‘integrating all platforms and channels’ as their main focus.”
The number one goal for most businesses all around the world is to become more customer-centric. According to McKinsey&Company over 50% of customer interactions now happen during a multi-event, multi-channel journey. Over the last hundred companies I have consulted with it seems they all have a different terminology of what they are after; so I wanted to take some time a put together a library of terminology. It depends on the view you are taking whether it be a macro or micro. Are we looking at the whole end-to-end customer lifespan with our business or just the micro moments which are being influenced by today's constant connectivity.

What is the difference between the customer lifespan, customer lifecycle, customer journey and customer moment? Let me explain going from a macro to micro perspective:

1. Customer Lifespan
> Usually measured in decades

Phases in the customer's lifespan where they may find value in a brand and it's offering.

For example setting up a savings account typically happens at the age of 7 through your primary school and family's support. Then by the age of 18 you apply for a credit card - then by late 20's early 30's apply for a home loan.


2. Customer Lifecycle
> Usually measured in years

A brand-centric view to map customer loyalty through acquisition, on boarding, engagement, conversion & retention overtime. May also be mapped to a sales funnel. 

For example a potential customer may be acquired through a sign up form to receive email offers from your company, however doesn't make their first purchase for over 6 months.


3. Customer Journey
> Usually measured in hours or days

A useful view for process and experience design showing a contained series of brand interactions and customer experiences.
For example a traveler’s journey on an airline, a customer applying for a home loan or a patient visit to a hospital.

4. Customer Moment
> Usually measured in seconds

A view for designing individual interactions, services or touch points.

For example, a customer service interaction at an airport check-in or a purchase page on an Ecommerce site

[Source] Here is a great infographic illustrated by Lenati explaining the concepts in more detail: http://www.lenati.com/blog/2016/02/how-to-view-your-customers-experience-customer-journey-mapping-vs-customer-lifecycle-infographic/
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Bridging The Gap Between Data & Creativity

6/7/2016

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In the last year or so I have been hearing and reading a lot about the death of advertising, the death of email, the death of creativity...the death of blah blah. I think it's important to understand that just like a healthy diet everything has a purpose and is recommended in moderation. The biggest clash recently has been the battle between 'Creativity VS. Data.' What I don't understand is why does it have to be one or the other....why can't it be both?
Some say when big data and creativity meet you get pure sex?  I agree and personally think you need a balance of both....some of us are even lucky enough to be able to do and understand both, they call us unicorns.
The questions we should be asking; Is creative marketing or advertising more effective in inspiring people to buy products? Numerous experiments have found that creative messages get more attention and lead to positive attitudes about the products being marketed, but there’s no firm evidence that shows how those messages influence purchase behaviour. Similarly, there is remarkably little empirical research that ties creative messaging to actual sales revenues. Reason being product and brand managers—and the agencies pitching to them—have lacked a systematic way to assess the effectiveness of their ads or marketing campaigns, it has been a crapshoot.

The Formula:
DATA (Insights + Analytics) * CREATIVE (Design Thinking + Experience) = Business and Marketing Brilliance
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Top quality analytics still require a creative mind to interpret, position and act upon the data; these judgments demand more than just technical skills. The tactical know-how must be augmented by a strategic sense that involves intuition, business acumen, excellent communication skills and the courage to try new approaches in search of the game changing insights that create value from data. The best Data Scientists (I prefer the term Data Artists) in the business tend to have a great blend of business, creativity and story telling ability to communicate back their findings.
Companies all across the world have an enormous amount of data, however data doesn't add value unless it is used correctly. ​
Think about the game of soccer for a second, hundreds of players around the world go through the same level of training and preparation before a game - however most fans idolise Lionel Messi because of the flare he brings to game. Athletes may have similar training, but there are additional layers of creativity and improvisation that go beyond just connecting the dots.
Fundamentals are important, however bringing your own perspective and creativity to life is the only way we can differentiate ourselves and our brand.
These days companies must adapt faster then ever to compete. They need a creative culture to generate new ideas, refine them and then go to market. Business leaders need to understand their companies specific strengths and blind spots when it comes to adapting to an ever changing market. The data will help you identify the pain points/opportunities and the creative culture will drive change and innovate. Both compliment each other and are vital elements to generate success.

Businesses tend to label the agencies they work with and categorise them into buckets. For example:
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  1. Creative agency
  2. Data & analytics agency
  3. Technology agency
  4. Marketing agency

How about we create a hybrid agency that pure focus is on solving business problems and improving customer satisfaction? Let's call it a 'Customer Experience Agency'? A company that is focused on understanding your business, understanding your customer and helping you create innovative solutions using technology. That to me is the true art and science of bridging the gap between data and creativity.

Would love to here your thoughts - leave a comment below.
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