Beyond the Hype: Unlocking GenAI ROI in the Enterprise
My past two column articles on CustomerThink dealt with how to determine the return of agentic investments and whether agentic AI delivers at all. The question of ability to deliver is particularly interesting for me, as I am researching measurable results other than cost savings in contained business areas for some months now, and regularly find a very strong focus on customer service and marketing, with customer service functions being best able to report measurable results. This is evidenced by the number of success stories I find, supported by the publication of a recent TEI of Zendesk customer service study. However, most of this is anecdotal evidence, or vendor sponsored/commissioned. And which vendor likes to speak about failures? Similar for buyers who understandably do not like to be in the spotlight with investments that turned out to be less than successful. There hasn’t been too much in depth research on whether generative and/or agentic AI deliver to promise or not. Luckily, there has been at least some research evaluating the capabilities of LLM based AI agents in business environments published this year. CRMArena-Pro by Salesforce Research naturally has a focus on CRM tasks across B2B and B2C scenarios. The authors identified nineteen tasks commonly executed in CRM systems and categorize these tasks in the four business skill categories database querying and numerical computation, information retrieval and reasoning, workflow execution, and policy compliance and includes a confidentiality awareness evaluation. TheAgentCompany on one hand covers a wider area along the business value chain but on the other hand has a narrower focus on software engineering companies. One other main difference between...
Beyond the Box: How Moving Companies Fail at Customer Experience
The other day, I got robbed. Not literally, but figuratively. Now, you might wonder what this has to do with the main theme of this blog, which is about CRM and customer experience. It has, believe me. Some of you might know that I just relocated from the Seattle area to the Charleston area, so pretty much once across the country. Moving house is a big endeavor, but not necessarily a complicated one. In its simplest terms it involves packing stuff, potentially storing stuff, transporting stuff, and unpacking stuff. As a family of five tends to have a lot of stuff, it is a good idea to hire the services of a moving company to take care of all the logistics. Moving companies take care of most of the work, normally minus the considerable effort of unpacking a few hundred boxes. But usually, their base services cover the disassembly, packing, and normally also the reassembly of furniture, minus some possible exclusions that normally are explicitly mentioned. There are roughly two types of moving companies, brokers that act as a main contractor and subcontract the job to third parties, and those who have own operations, either directly or via a network of companies. Regularly used terms of payment are half at packaging and half on delivery, sometimes combined with a more or less substantial downpayment at the time of signing the contract. As it is with all businesses, it also pays off to do some research. Which we did, settling on one of the companies with the best reputation. After all, we have done several intercontinental moves before, the last...
Social media is dead – long live social media
Rest in peace, Social Media! Yes, I know, you have been pronounced dead numerous times already, and that as early as 2011 by the Sillicon Valley Watcher, if not earlier. You lived on. Still, now you really need to admit that you are a dead thing walking. You had a short, yet exhilarating life. And you, admittedly, developed astonishingly fast and far from your humble beginnings in the early 1970s and the first bulletin board systems around 1980. These have been the glory days of FidoNet, CompuServe, or AOL. SixDegrees.com followed later. The early noughts gave us a flurry of messaging systems, LinkedIn and XING, not to forget the infamous 4chan. Anno domini 2004 brought us Facebook, 2005 brought us YouTube, Twitter followed in 2006. Google attempted repeatedly to get the hang of you (Orkut, Google+, anyone?) and still has some messaging services up and running. All of these platforms have in common that they started up with the claim, some of them even with the objective, to make the Internet more social, to foster user generated content and to, ultimately, shift the power balance from corporations to their customers. Who does not remember the war cry “the customer is in control”. This referred to the idea that the customer could get more information that is not controlled by brands, so that they can be better informed, instead of being forced to rely on corporate broadcasts. This should have been achieved by giving customers a voice that is as strong as the corporate one, albeit without the (marketing) budget behind. In line with the definition of social, it enabled...