05/03/2023
05/03/2023
Poor customer experiences are threatening brand loyalty, with nearly one-third (31%) of consumers in the Asia-Pacific region (APAC) opting to take their business elsewhere after a dissatisfactory interaction last year. The highest CX expectations are among Australia and New Zealand (ANZ) consumers with 80% switching brands after receiving between two and five frustrating customer service interactions. Also, 52% become enraged by a dropped call compared to just 25% of respondents in Japan and 21% in China, for example. New research today from Genesys®, a global cloud leader in experience orchestration, also reveals the No. 1 challenge for APAC organisations is keeping up with rising consumer expectations — putting their bottom line at risk as they struggle to deliver relationship-building experiences.
In the third edition of this Genesys global benchmarking study, The State of Customer Experience Asia Pacific edition examines how consumer preferences for personalised, empathetic experiences, rapidly increasing digital channel use, and declining satisfaction with automated interactions create mounting pressure for organisations worldwide.
Bad Experiences Kill Customer Loyalty
Expectations about what makes a great customer experience (CX) are rising faster than most organisations can keep up with — and consumers aren’t afraid to walk away when their needs aren’t met.
“It’s clear from the State of CX report that customers are willing to take their business elsewhere if their interactions with businesses are not handled quickly, professionally and with an empathetic approach. Business and CX leaders must therefore shift their focus from business-centric, “inside out” to people-centric, “outside in” decision-making. In practice, this involves adopting technology to deliver proactive, predictive, and hyper-personalised experiences to deepen their customer connection across every marketing, sales, and service moment on any channel,” said Mark Buckley, Vice President Australia & New Zealand at Genesys.
CX Excellence Requires Seamless Experiences and an Investment in Employees
As organisations invest, consumer preferences and attitudes should play a key role in determining which technologies and tools to use:
The State of Customer Experience report from Genesys reinforces that for organisations to succeed today, they must take a people-centric, unified approach to customer and employee experiences. Organisations that leverage digital and AI technology to deliver the power of personalization and empathy in every experience will stay ahead of competitors by building loyalty while managing business costs.
To learn more about the insights, download the study here.
Research methodology: In November 2022, Genesys worked with an independent research firm to survey 5,517 consumers and 646 CX decision-makers (“CX Leaders”) in 18 countries worldwide. Among the business respondents, industries represented were banking, government, healthcare, insurance, manufacturing, professional services, retail, technology and telecommunications. The Asia-Pacific report focuses its analysis on the responses of 1,017 consumers and 166 business leaders gathered from Australia, New Zealand, China, India, Japan, Singapore and South Korea.
About Genesys
Every year, Genesys orchestrates billions of remarkable customer experiences for organisations in more than 100 countries. Through the power of our cloud, digital and AI technologies, organisations can realise Experience as a Service®, our vision for empathetic customer experiences at scale. With Genesys, organisations have the power to deliver proactive, predictive, and hyper personalised experiences to deepen their customer connection across every marketing, sales, and service moment on any channel, while also improving employee productivity and engagement. By transforming back-office technology to a modern revenue velocity engine Genesys enables true intimacy at scale to foster customer trust and loyalty. Visit www.genesys.com/en-sg.
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