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Harnessing AI to Boost Customer Retention: The Future of Personalized Customer Experience

CSM Magazine

Thanks to artificial intelligence, the game has changed for how companies talk to you and me – it’s all about getting personal in a smart way. Thanks to AI’s power, sifting through massive chunks of information helps businesses get up close and personal with customer trends and necessities.

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Guest Blog: The Rise of Chatbots in Customer Experience

ShepHyken

This week we feature an article by Irina Kirnos who writes about how chatbots are customer experience tools that are changing the way that companies interact with their customers. Chatbots are more than just automated FAQ answer generators. From Customer Service to Customer Experience.

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6 Customer Retention Strategies that Work [ + Examples]

Nicereply

A good customer retention strategy is the top investment you can make for your business. It’s more profitable than acquiring new customers, and it costs less money to keep existing customers than to acquire new ones. Invesp found that acquiring a new customer can cost five times more than keeping an existing one.

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Using Call Centers to Improve Customer Retention and Increase Lifetime Value

Global Response

There’s no business out there who doesn’t want to improve their customer retention and CLV. The secret weapon to improving customer retention and CLV? First, customer retention rates are always measured based on a specific timeframe, typically monthly, quarterly or annually. Your call center.

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6 Ways to Boost Customer Retention—and Stats to Know

Quiq

Marketing and sales consistently combine their efforts to attain the most customers at the lowest price. But few businesses dedicate as many resources to customer retention. Keeping customers happy and continuing to buy from your e-commerce business deserves (and often requires) as many resources.

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How Chatbots for Customer Service Improve Customer Support Metrics

Solvvy

With more people using apps, web-based services, and fintech solutions, businesses must overcome the challenge of providing the best possible customer service to these new customers. What is a Customer Service Chatbot? However, chatbots don’t require customers to ask a question in a particular way.

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Chatbots in Banking: The New Must-Have in Customer Care

Inbenta

For years, customers have been demanding more from their financial institutions. Covid-19, and the consequences that came from the pandemic only accelerated these customer demands. Consumers expect immediacy, personalized, and flawless interactions with their favorite brands and they expect the same from their banks.

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