The Complexities of an Omnichannel Consumer Experience

Customers remain loyal to brands that can deliver a consistent and personalized omnichannel experience. In fact, a 2021 report outlined that 59% of consumers would prefer communicating with a brand that facilitated seamless communication across channels. However, delivering such an experience is easier said than done for enterprises. A host of challenges hinder this delivery. Let’s profoundly discuss those and understand how they can be addressed.

The Challenge of Delivering an Excellent Omnichannel Experience

Back in 2017, the Harvard Business Review published a famous study of 46,000 shoppers. The study outlined how 73% of the shoppers leveraged multiple channels throughout their shopping journey. These shoppers were labeled as “omnichannel customers.”

Today, an omnichannel customer experience for enterprises is about seamlessly accommodating the customer journey across various channels. Each touchpoint effectively promises a point of sale.

At its core, an omnichannel strategy enables brands to get a 360-degree view of their customers and focus on resolving their problems and queries.

However, in the competitive telecom market, it’s becoming difficult for service providers to meet customer expectations. Here’s a rundown of the main challenges they face when dealing with omnichannel consumers:

Channel Integration

Channel integration in the context of an omnichannel engagement approach is fairly complex. Enterprises need to integrate all the communication channels and the systems accommodating them. For instance, they must integrate the website chatbot with the product recommendation system. But this is easier said than done because enterprises often find it difficult to:

  • Remove and replace legacy systems that haven’t been designed with omnichannel capabilities in mind.
  • Reduce data silos cropping up due to inter-departmental and software system fragmentation.
  • Bring technical resources onboard that can help design, implement, and improve technological framework supporting omnichannel engagement.
  • Manage the security concerns associated with the exchange of sensitive customer data between channels and enterprise systems.

What enterprises need is an API-first approach, a unified communications platform, cross-channel analytics, etc. These can help create synergy between channels for efficient customer experience management. Notably, implementation of such solutions requires thorough assessment of vendors.

Customer Self-Servicing

Along with an omnichannel experience, consumers expect self-service options. While businesses realize the need to set up a framework to accommodate self-service, they still fall short of expectations. As per McKinsey’s 2022 survey, around 77% of respondents had built digital care platforms. However, only 10% of those platforms were scalable and fully adopted by customers. In fact, only 20% of the platforms were highly integrated.

Without a concrete technology framework, most telecom providers would struggle to provide self-servicing options to consumers. Of course, AI-powered customer communication solutions can help address this problem. But for their implementation as well, brands need a well-thought-out strategy.

Customer Expectations

The telecom industry still suffers from a high customer churn rate, owing to customers repeatedly switching operators. This increases costs on the acquisition end and a loss of referrals. That’s never a good sight.

Providing excellent service to omnichannel consumers is challenging in the absence of a robust technological framework. With immense competition in the space, it’s essential that businesses:

  • Constantly monitor satisfaction scores using KPIs relevant to specific engagement channels.
  • Invest in modern infrastructure, software solutions, and skilled personnel.
  • Aim towards getting a unified view of customers to personalize services and resolve issues before they escalate.
  • Communicate honestly about service disruptions, pricing changes, and other critical matters directly linked with customer engagement.
How CPaaS Is the Best Solution for Omnichannel-Related Challenges

Telecom companies need a more coherent approach to implementing an omnichannel strategy. As consumers expect an omnichannel experience, telecom companies are best served by adopting cloud technologies like Communications Platform-as-a-Service (or CPaaS). With CPaaS, they can leverage the benefits of a real-time communication platform. This platform can help realize improved customer experience, cost reduction, and more profound customer engagement.

Here are some of the CPaaS features that make it the best solution to address omnichannel-related challenges in the telecom sector:

Seamless Integration

With CPaaS, companies can easily integrate customer communication with existing third-party applications or services like CRM. With an integrated CRM system, they can improve customer service, improve lead management, and track customer conversions.

Customizable Solution

CPaaS platforms are easy to customize according to the business needs. With customizable APIs and SDKs, developers can integrate call functionalities into their applications. They can do this by using core programming or low-code development tools.

Artificial Intelligence (AI)

CPaaS platforms (powered by AI) can deliver high-quality communication while minimizing network latency. Besides, AI-related capabilities like facial recognition, text-to-speech conversion, and analytics can further drive customer engagement.

Campaign Management

With CPaaS, telecom companies can create and customize marketing campaigns for their target customer base. Furthermore, they can track and monitor real-time campaign performance specific to each relevant channel.

The Way Forward

With the emergence of omnichannel consumers, telecom companies have a massive opportunity to improve engagement at every touchpoint. However, this requires them to overcome the various challenges discussed above.

Favorably, with the cloud-powered CPaaS platform, telecom companies can help realize a unified and integrated customer experience across various channels. CPaaS platforms also add relevance and context to customer conversations over their preferred channels.

At Globe Teleservices, we offer the cloud-powered CPaaS platform as a customer engagement solution for telecom companies. From CRM integration to chatbots, it houses capabilities to streamline customer engagement across operational channels.

Interested in learning more about how it can transform the omnichannel experience? Get in touch today!

 

Enabling Innovations – The Purpose That Binds Us

Telecom is one industry that has transformed significantly in the last few years. We have come a long way from fixed landlines and dial-up internet to mobile phones with seamless voice, messaging, and data connectivity.

As a member of this rising sector for years, we are thrilled to witness the many drastic changes transpiring now. We have seen sharply increased, near ubiquitous, connectivity among businesses and individuals, including those based in remote locations. Further, we have had a chance to see how the smaller nations and developing economies have progressed because of communication and information accessibility.

These transformations and first-hand experiences have shaped our ethos and led us to embrace the philosophy of enabling innovations.

What Is ‘Enabling Innovations?’

‘Enabling Innovations’ is a philosophy that our company and affiliates have adopted to codify our DNA as we try to meet customer demands.

We understand that in an ever-changing business landscape, innovation is a key differentiator. It helps enterprises meet and exceed customer needs, often before they become apparent. This enables them to thrive in challenging times, stay ahead of the competition, and increase their revenue.

This bedrock philosophy of ‘enabling innovations’ guides us and our affiliate companies to build products that solve significant problems in finance and telecom.

Take the example of the telecom industry. Fraudulent calls and messaging, SIM box scams, and IP-PBX have resulted in the telecom industry losing $40 billion to fraud alone.

As such, we have built solutions like AI/ML-based anti-fraud voice to safeguard businesses from fraudulent calls and scams. We further provide real-time analytics on messaging traffic and message delivery status to help companies improve connectivity and communication.

You can read more about fraud and how to overcome it in this blog.

We also offer international voice and SMS services for underdeveloped nations to bridge the global connectivity divide and uplift economies. Our solutions provide connectivity to businesses located in remote locations and help them take advantage of new opportunities.

Like Globe Teleservices (GTS), our affiliate companies have also built innovative solutions to solve major global issues.

How Our Affiliates Are Building Innovative Solutions?
CERF

CERF is the enterprise arm of GTS. It has a vast network of 100+ direct carrier connects and provides customer experience, engagement, and security solutions to enterprises worldwide.

GTS TechLabs

GTS TechLabs leverages emerging technologies like AI and data analytics to build solutions that will redefine telecom and fintech industries. Products like Armour XTxtChainCPaaS+, and Grentor help MNOs transform and improve efficiency.

Armour X, for example, uses AI/ML capabilities to detect anomalies in traffic patterns. It identifies SIM Farm and IP-PBX frauds, Interconnect fraud, etc. Further, it secures the network from voice and messaging fraud and improves customer experience.

FinBraine

FinBraine offers next-gen lending and eKYC software for telecoms, microfinance institutions, banks, and eCommerce industries. They have built products like IDBRAINE and CREDBRAINE to promote financial inclusivity and provide businesses and individuals with easy access to funds.

How Will Our Customers and Developing Economies Benefit from Our Philosophy?

Although we cater to different clients and industries, each of these affiliates was built to provide innovative solutions.

We have kept innovation at the heart of technologies, methods, and tools built for our clients. It’s the reason why we have been able to empower emerging economies in Africa to deliver everything from healthcare to education. It’s also why we have been able to build products that secure financial systems and provide people access to funds for purchases.

We promise to continue innovating through our ‘enabling innovations’ philosophy. We promise our customers that innovation will be the core of everything GTS and our group of companies develop. It will open new opportunities for businesses to grow and earn revenue. More importantly, it will improve financial inclusion and empower citizens to access funds and purchase whatever they want.

Watch out for this space to know more. We will continue to discuss and promote innovation.

For more information on GTS and our solutions, get in touch.

 

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