The Mobility Era and the Changing Automotive Industry Customer Journey
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InMoment White Paper The Mobility Era and the Changing Automotive Industry Customer Journey Copyright © 2021 InMoment, Inc. All rights reserved.
The Mobility Era and the Changing Automotive Industry The McLaren Formula One car in which Daniel Ricciardo and Lando Norris will compete for the 2021 World Championship is a remarkable piece of machinery. During the course of an average Grand Prix, over 300 sensors monitor 1000 input parameters and transmit over 1.5 GB of live data back to the pits as well as the Technology Centre in Woking, England. McLaren claims the number of data points collected for analysis is in excess of 750 million per race—twice the number of words each of us will speak in a lifetime. The goal? Make the car go faster. Organizations striving to design and create a better customer experience can learn from this. Strategically positioning sensors at each touchpoint of the customer journey will yield a continuous flow of business-critical information, allowing decision makers to make more informed decisions to deliver on customers’ ever increasing expectations. MCLAREN FORMULA ONE CAR PAGE 02
The concept of the customer journey 5. Identifying the moments that matter is not new. Fundamentally, we want to to nurture a customer-centric culture. enable customers to achieve what they Communicating what’s important for want to do seamlessly and with little ef- customers to those responsible for fort. Mapping out what customers experi- delivering customer service on the ence when they interact with a company frontline is essential. These moments and buy (or not) has tremendous benefit. become talking points that become Some of these include: ingrained in a company’s culture since they relate directly to sales, 1. Identifying pain points so solutions profitability, and market dominance. can be developed to deliver a better customer experience. But in automotive, customer journeys are becoming increasingly complex. We are 2. Understanding areas of customer now in the mobility era, so the lifetime frustration and delight to prioritize value of the customer is paramount. investments. If something is import- Brands must manage multiple journeys ant to a customer, resources can be across a lifetime with the intent of directed there. The opposite is also increasing brand engagement, and along true. If something doesn’t impact with it, greater revenue and profitability. the customer experience, why spend Each manufacturer is on a continuum money on it? with some farther along than others. 3. Directing training efforts for the It’s worth repeating that there is no one frontline. If a common area of customer journey that will work for every customer concern exists, frontline organization. Instead, the approach to employees need to be empowered the customer journey needs to meet to manage those situations with the needs of the manufacturer and its better training, empowerment, and customers. Some have the resources to effective policies. create and provide different mobility 4. Predicting happy customers and solutions while others don't, so their those likely to churn. Customers who customer journey will be different. are likely to be promoters, passives, Remember: one size doesn't fit all. and detractors can be identified so appropriate action can be taken to increase brand loyalty. PAGE 03
The Traditional Journey The traditional journey looks at a small subset of the total journeys possible. A customer buys a car and gets it serviced. Then feedback about the experience is collected shortly after the sale and on a transactional basis after the car is serviced. Historically, automo- tive CX programs took this approach (and many still do), which is great if it meets the needs of the manufacturer and the resources they have available. However, there is a risk that they will be left behind. SERVICE SERVICE SERVICE SALE 01- Traditional Journey The Expanded but they only involve a sub-sample of the customer base and often stay within the Customer Journey silos of quality and product planning. This The expanded customer journey needs to change. recognizes that loyalty is more than just Quality affects all customers. Wouldn’t an exemplary experience a customer it make sense to measure it that way? receives at their dealership and that to Incorporating quality metrics as part of deliver an excellent experience, a brand the CX program not only provides a more must consider vehicle quality. A customer complete picture of loyalty, but as budgets may love their dealership, but if the car come under increasing scrutiny, building breaks down every three months, the quality tracking into the CX program brand likely won’t be on the consideration makes inherent sense. The infrastructure is list when that same customer comes back already in place at the individual customer into the market. level, so why not leverage it to save the This is why measuring quality of the company money? vehicle should be considered a part of Another aspect of the expanded customer the expanded journey. However, very few journey is the use of an agile design model manufacturers do so today. Why? Because so manufacturers can try something new, quality is typically managed outside the see if it works (or doesn’t) and implement CX department. Quality studies are done, PAGE 04
it accordingly. This can affect the quality of Lastly, buyer behavior metrics could be future products—in turn affecting loyalty. incorporated into the expanded journey. Asking customers their opinions about Understanding the motivations behind a vehicle being considered for market the purchase, consideration, and disposal not only is a potential source of valuable dynamics yields tremendous insight into information, but it also engages customers the customer mindset, helping to craft in the brand. Insight communities have more effective marketing strategies. done this effectively, but in this case, This could include key questions from we’re casting the net wider, encouraging automotive syndicated studies, but doing dialogue with all customers. it within the framework of the CX program, getting insight into the hands of decision makers faster. FUTURE BUYER PRODUCT BEHAVIOR SERVICE SERVICE SERVICE SALE PRODUCT PRODUCT QUALITY QUALITY 02- Expanded Journey The Enhanced sell them a car. How do we know they’re still in the market unless we ask, and Customer Journey more importantly, have a process in place The enhanced customer journey incor- to handle the response. porates touchpoints either pre-sale or Test drives are also critical. Done well, immediately after a purchase. Contacting they can turn shoppers into customers, potential customers who shopped the so we need to know what works and brand either in person or online not only what doesn’t. Here too is an opportunity provides valuable CX insights, but offers to close the sale. tremendous sales opportunities. We want satisfied customers, but we also want to PAGE 05
According to a recent Frost and Sullivan you know where the charging stations are? study, the electric vehicle market in the Has the vehicle met your expectations in US is estimated to grow almost five-fold terms of driveability and range? from 1.4 million units in 2020 to almost 7 And to supplement what is being learned million units in 2025. Part of the reason for in the enhanced journey, monitoring and this increase is the large number of electric managing the reviews about a brand or vehicles coming to market in the next few dealership in social media is critical. The years. Understanding the growing popu- last 12 months in particular have shown we lation of buyers of these electric vehicles are living online, so this additional touch- is critical for future growth. The enhanced point in the customer journey needs to be journey contacts these customers shortly incorporated to keep brands up to date after purchase. What worked and what with their evolving customers. didn’t when you purchased your EV? Was the salesperson knowledgeable (this can be a problem the data would suggest)? Do ONSITE EV FUTURE BUYER SHOPPER SPECIFIC PRODUCT BEHAVIOR TEST DRIVE SERVICE SERVICE SERVICE ONLINE PRODUCT PRODUCT PRODUCT SHOPPER SALE QUALITY QUALITY SOCIAL CX 03- Enhanced Journey PAGE 06
The Mobility Journey their website. Other manufacturers have a similar strategy, but this The automotive industry’s transition into illustrates how changing needs in the the mobility industry directly impacts mobility industry mean feedback has the customer journey. In addition to the to be obtained differently. A diagnostic relevant touchpoints from the jour- survey isn’t appropriate here, but neys above, the mobility journey adds a quick always-on digital sensing additional layers of complexity since capability needs to be incorporated, the way in which customers ‘consume’ which captures key information like transportation is changing. New touch- NPS and ease of use measures. points have emerged and new ways of measurement are required. The graphic below is based on the mobility services offered by PSA (pre Stellantis) and is publicly available on PAY FOR TOLL RENT PARKING PASS CHARGING VALET REMOTE STATIONS SERVICE ACTIVATION CAR ON CONNECT PERSONAL DEMAND FLEET ASSISTANTS FLEET FREE2MOVE FLEET SHARING LEASE SHARING LIFETIME ENGAGEMENT 04- Mobility Journey PAGE 07
What Does All This Mean? And How Can InMoment Help? It means, the changing mobility market is Here are a few ways our team can help you driving more complex customer journeys dive deeper into the redefined customer and brands that want to see short-term and journey’s using a combination of technol- long-term success need a strong custom- ogy expert services, and best practices to er feedback infrastructure and a strategic help your brand succeed: experience program to compete. Leveraging Sensors Across the Journey: At InMoment our technology, combined An increasingly multiplex customer with our mobility experts can help you journey means that incorporating sensors design your customer experience approach or micro surveys into each touchpoint to understand your customer journey of the journey will be necessary. With more intimately, listen more intently to the InMoment’s acquisition of Wootric, moments that matter, leverage the intel- building sensors across the customer ligence you’re receiving or gather more journey, especially as more mobility touch points, transform and evolve your solutions come to market, can be done business based on the right customer data, easily and cost effectively. and communicate and realize the value your customer feedback is having on your decision-making and on your businesses bottom line. PAGE 08
Cleaning Up Disparate Data: Customer Journey Mapping (UCJM) is Another challenge that may surface is extremely effective in allowing customers what we call “dirty data.” All the different to tell us what is important to them in their data that flow from so many touchpoints own words. can result in very messy data, and Identifying Emotion with World-Class the automotive industry especially is Analytics: Combining client operational notorious for this. The data needs to be data such as units in operation, cleaned and normalized to make it fit for demographics, previous brand history, purpose. InMoment’s Workflow was built and key financial metrics delivers even for this very reason and has been utilized greater insight. And since so much of successfully across our automotive clients vehicle purchase is driven by emotion, globally for many years. when operational data are integrated Identifying the Moments That Matter: with InMoment’s text analytics Emotion Fundamental to understanding and Derivative Algorithms (EDA), brands have optimizing your customer journeys is an even greater ability to manage loyalty the ability to quantify the moments that and churn. matter; this is where we excel. Ingesting Pinpointing At-Risk Customers: CX and operational data into our We help clients understand and optimize Experience Intelligence (XI) Platform and the moments that matter by looking at in- applying appropriate analytic techniques dividual customers across all their journeys will help you to determine which using an unique identifier such as VIN or aspects of the journey are imperative to customer ID. If this isn’t available, we run organizational success and which aren't. a cohort analysis to look at how custom- With the XI Platform, artificial intelligence ers could be grouped based on life stage, is employed to identify and rank the behaviors, or attitude across the journeys. moments that matter, but an informed Knowing this allows you to reach out to ‘at human touch is still required. Our experts risk’ customers with an appropriate offer in don't use just ‘one’ analytic technique, but an attempt to prevent defection. rather, an approach is driven by the client’s business needs or the problem they are Driving Social Engagement: trying to solve. Since the demographic in the mobility/ automotive industry is changing and For example, with the move to shorter with the rise of the mobility journey it is surveys and a greater emphasis on important to build loyal customers that customer comments, machine learning follow you on digital and social channels is used around text analytics to build as well as in-person traffic. We encourage and optimize the customer journeys. manufacturers and dealers alike to be This technique known as Unstructured active, respond to their social channels PAGE 09
and encourage engagement so promot- Parallels Between Formula One and ers leave their positive experiences and opinions about them on social media. Our team of mobility experts have the Improving Customer experience and technology to help guide Experience social strategies to get the most out of To bring things full circle, just because this important channel. McLaren keeps recording lap times, it doesn’t make the car itself faster. Cultivating a Customer-Centric Culture: Measurement alone will not move the Ultimately, a customer-centric culture needle unless you take action to improve. needs to be created to drive experience Analyzing all the information received from improvement. Your InMoment consultancy the sensors on a Formula One car and team will help you to identify messages adjusting the car accordingly will lead to a that resonate across the company and more nimble, quicker, and ultimately more enable you to democratize relevant competitive vehicle to win the race. findings with key stakeholders. Actual Sound familiar? There are definite parallels customer comments can be disseminated, between Formula One and improving the especially at the C-suite level, through our customer experience in the automotive/ Moments app to put meat on the bones of mobility industry. Want to learn more quantitative scores so they come to life. about how you can make transformational changes that improve your experience and bottom line? Then connect with us today to find out how our technology, industry expertise, and insights can help you be a CX leader. PAGE 10
To demo a product or to contact us call: NORTH AMERICA UK & IRELAND +1 385 695 2800 +44 (0) 1494 590 600 APAC GERMANY +61 (2) 8397 8131 +49 (0) 40 369 833 0 Or email us at sales@inmoment.com About InMoment Improving experiences is why InMoment exists. Our mission is to help our clients improve experiences at the intersection of value—where customer, employee, and business needs come together. The heart of what we do is connect our clients with what matters most through a unique combination of data, technology, and human expertise. With our hyper-modern technology platform, decades of domain authority, and global teams of experts, we uniquely deliver a focus on Experience Improvement (XI) to help our clients own the moments that matter. Take a moment and learn more at inmoment.com T L- 0 1 2 6 9 - 0 1 | C O P Y R I G H T © 2 0 2 1 I N M O M E N T, I N C
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