Forrester Acquired Acquisitions Build Forrester’s Real-Time CX Capability
Today, Forrester announced that it has acquired FeedbackNow, a maker of physical buttons and monitoring software that companies deploy to measure, analyze, and improve customer experience. Forrester also acquired GlimpzIt, an AI and machine-learning provider based in San Francisco.
Forrester’s Aim is to Give Companies the CX Cloud Tools and Analytical Capabilities to Identify and Fix Experiences Immediately
At the time of this announcement, George F. Colony, Forrester Chairman and CEO, said, “CX can be a powerful competitive and operational weapon, but CX teams are burdened with insights that are too late and too limited.”
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The acquisitions of FeedbackNow and GlimpzIt are part of Forrester’s plan to build a real-time CX Cloud, integrating a range of inputs to help companies monitor and improve the experience.
The Forrester CX Cloud would now deliver —
- Real-time customer feedback from the social sites, physical devices like mobile and desktop, specialized apps,
- Insights from embedded digital versions in the websites and on mobile devices
- Priority-based feedback with analytics
- A real-time distribution of critical feedback to operational sites
FeedbackNow represents a high-volume input source for the real-time CX Cloud, generating over 200,000 pieces of feedback per day from its “smiley boxes.”
The Latest Acquisitions Pit Forrester with Top, Intelligent CX Cloud Makers
Currently, Forrester is a dominant physical feedback player in Europe, with sizeable growth-rate in the. The GlimpzIt technology will be deployed to extend the analytics engine in the real-time CX Cloud. This engine will enable companies to analyze and correlate incoming feedback to identify the insights that matter most and the actions they must take immediately to have the greatest impact on customers.
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In the age of the customer, companies must continuously monitor and improve the experience or risk repelling and offending their clientele. Long checkout lines in a retail store or poor service from a financial services provider will no longer be tolerated — the real-time CX Cloud will give companies the tools and analytical capabilities to identify and fix experiences immediately.
The risks are high.
Forrester has documented that companies with highly rated customer experiences increase revenue at twice the rate of those with poorly rated experiences.
George added, “The market has reached a point where customers expect companies to rapidly respond to feedback, wherever and however that feedback is provided. In a market where companies win or lose on the battleground of customer experience, the real-time CX Cloud will enable clients to realize the full potential of their CX efforts.”
Through the acquisitions of FeedbackNow and GlimpzIt, Forrester is changing the CX game. It is expanding the range of CX inputs, enabling immediate insights, and prioritizing those experiences that will create the greatest financial value. The most important element is speed, enabling CX to work at the velocity of customer expectations.
Currently, Forrester is one of the most influential research and advisory firms in the world. We work with business and technology leaders to develop customer-obsessed strategies that drive growth. Forrester’s unique insights are grounded in annual surveys of more than 675,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients.
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