Decibel Reports Record Momentum as Enterprises Prioritize Digital Customer Experiences
As COVID-19 accelerates organizations’ digital experience optimization efforts, Decibel shatters expectations
As enterprises double down on optimizing digital customer experiences, Decibel, the leader in digital experience analytics, announced impressive growth among its customer base, with the company securing 135% of its revenue forecast for Q2. This comes on the heels of Decibel’s Series B funding announcement of $40 million in May, which brought the company’s total funding to date to $54 million.
Marketing Technology News: Infobip Welcomes Trusted Partner Role in The GSMA’s Identity Revenue Acceleration Initiative
The COVID-19 pandemic has fast-tracked enterprises’ plans to optimize digital customer experience. Websites, apps, and digital platforms have become the primary way for businesses to engage with customers and prospects, making the quality of the customer experience on such platforms absolutely critical. With award-winning AI, Decibel empowers enterprises to instantly identify, understand, and act on opportunities for improving experiences and driving more revenue through their digital platforms. For each and every online customer session, Decibel’s AI automatically analyzes the quality of the experience and scores it between 0 and 10 with the Digital Experience Score (DXS), so it can be benchmarked and improved over time. Brands across all industries – like LEGO, Fidelity and British Airways – use Decibel’s technology to increase online engagement, conversion, and revenue.
“For many businesses, the pandemic has crystallized the importance of digital customer experience – it’s never been more crucial to ensure experiences on websites and apps are of the highest possible quality,” said Ben Harris, Decibel CEO and co-founder. “This is our sweet spot, and we’re excited by the increased attention businesses are paying to their online presence. We are at the forefront of innovation in the digital experience analytics space, which is why we’re seeing more demand for our technology and attention from investors.”
Marketing Technology News: Solvvy Achieves SOC2 Type 1 Compliance
As the pandemic hit, Decibel experienced a significant uptick in new business and customer renewals as digital experience became more important than ever. Decibel also enabled its existing customer base to identify opportunities to improve experiences and boost revenue, for example:
- Fashion retailer River Island conducted a validation study with Decibel’s data science team that predicted the company would see a 43% conversion increase, and a $4.2M boost in monthly online revenue, if the brand improves their DXS by one point – establishing a direct connection between DXS and revenue.
- Ferguson, the world’s leading specialist distributor of plumbing and heating products serving over 1 million customers, increased conversion by 5% and decreased checkout time by 14% with a streamlined single-page checkout designed using Decibel.
- Constellation Energy, an Exelon company and leading provider of power, natural gas, renewable energy, and energy management products and services across the U.S., redesigned its funnel with Decibel and as a result boosted its mobile conversions by 45% and decreased its cost-per-acquisition by 25%. Further, it increased its overall DXS by .5 and its Engagement Score from 3 to 9.
Marketing Technology News: Marketing Mindset Critical to Digital Transformation in Financial Services