Sprinklr Industry Benchmarking Reports Reveal Best Practices for Improving Digital Customer Experiences

Analyzing the state of Unified-CXM across 5 industries: retail, technology, food & beverage, media & entertainment, and the pharmaceutical industry

Sprinklr, the unified customer experience management (Unified-CXM) platform for modern enterprises, today unveiled its Industry Benchmarking Reports for Digital Unified-CXM. The research surveyed more than 1,500 professionals worldwide and leveraged Sprinklr Modern Research to analyze owned and earned digital conversations from the top 2021 Forbes Global 2000 companies to help brands compare their own customer experience management maturity against industry peers.

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“Leading brands are becoming customer centric by doubling down on AI adoption to increase their efficiency at scale, while powering business growth with digital customer insights.”

The reports highlight how leading companies encourage brand advocacy, engage with customers, and respond to them efficiently across digital channels. To download the reports, please click one of the following industries: retail, technology, food & beverage, media & entertainment, and pharmaceutical.

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Key insights from the reports:

● RETAIL: More than half of retail brands respond to customer comments within 5 hours – 18% respond within 30 minutes.

● TECHNOLOGY: 82% rate their unified CXM maturity on a high scale with 17% ranking themselves at the highest level, known as “transformational” CX. 84% report they are embracing AI frequently to understand the intent of the unprecedented volume of publicly available data.

● FOOD & BEVERAGE: Only 45% of food and beverage companies use listening for competitive insights that could fuel innovation.

● MEDIA & ENTERTAINMENT: 85% of large, global media and entertainment companies use insights from listening to public consumer social media conversations to inform their marketing strategy.

● PHARMACEUTICAL: 64% of pharmaceutical companies take over 1 week to respond to customer inquiries on social media and messaging channels, or don’t respond at all, and less than 50% of pharma companies make an effort to respond to questions requiring individual follow up.

“Our research shows that there is significant room for improvement across industries when it comes to real-time, unified customer experience management. Even before the pandemic hit, customers expected fast, personalized responses and engagement across digital channels. Now the high standard for Unified-CXM that brands must meet is only increasing,” said Ragy Thomas, CEO & Founder, Sprinklr. “Leading brands are becoming customer centric by doubling down on AI adoption to increase their efficiency at scale, while powering business growth with digital customer insights.”

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