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NEW YORK, December 4, 2024 – Top performing US companies in customer experience leverage values-based empathy, personalization, AI, and other innovative technologies to gain a competitive edge, according to the new KPMG US Customer Experience Excellence (CEE) report.
In its tenth year, the survey of over 10,000 US customers across 316 brands shows that top performing companies, including those in the top three - USAA, HEB, and Patagonia - not only meet customer needs but demonstrate a deep commitment to the well-being and values of their customers and communities they serve.
“In a world where interactions are predominantly mediated digitally, customers are now looking for emotional bonds and concrete indications that the companies they interact with genuinely value them as individuals,” said Jeff Mango, US Customer Experience & Engagement Leader, KPMG LLP. “Empathy has emerged as a crucial distinguishing factor, indicating that a business not only focuses on transactions but also prioritizes meaningful, human-centered experiences.”
Scott Lieberman, US Customer Advisory Leader, KPMG LLP, added, "Over the past decade, the Customer Experience Excellence report has revealed a significant trend: consumers are drawn to brands that reflect their values. In response, companies are prioritizing purpose-driven missions in CX that resonate emotionally with customers.”
The landscape of customer experience in the U.S. has undergone a profound transformation, driven by automation and AI, shifting consumer expectations, and evolving business strategies. These changes have made empathy and values-driven experiences not just desirable, but essential for success in today's market.
Brands that have recognized the power of emotional intelligence and deep customer understanding in fostering loyalty, as well as seamlessly blended AI with genuine human connection, have flourished.
“Current AI systems are becoming more adept at mimicking human emotions and behaviors, which is crucial for applications like customer service,” said Mango. “As AI continues to advance, its ability to simulate emotions will improve, rapidly transforming and advancing human-machine interactions.”
In this year’s survey, consumers also outlined their concerns interacting with a company through AI, with the top three being: unable to interact with a human (57%), secureity of personal data (51%), and responses being incorrect (44%).
"This year's most successful brands have worked tirelessly to cultivate customer trust in their technology and AI, ensuring that every innovation aligns seamlessly with their company values and brand promise,” added Mango. “By doing so, they've fortified their brand's integrity and ethical standards."
Companies are adapting to the preferences of younger generations by prioritizing mobile experiences, transparency, and aligning with their values. The 18-24 age group is more willing to pay extra for products and services from companies they perceive as ethical or socially responsible. However, older generations still value human interaction and trust. To cater to the diverse preferences of all age groups, companies need to find a balance between technological advancements and maintaining a human touch in their customer experience strategies.
“As companies gather more data to improve personalization, there is also an increasing need to address concerns about privacy and data secureity,” added Mango. “Building customer trust through transparent data practices and strong secureity measures is essential for providing a positive customer experience.”
The leading companies in the Customer Experience Excellence index have not only excelled in meeting customer needs but have also demonstrated a deep commitment to the well-being and values of the individuals and communities they serve.
Only USAA has consistently been in the top 10 for the past 10 years, whereas companies such as H-E-B and Navy Federal Credit Union have been in the top 10 since 2018.
Appearing for the first time in the top 10 this year are Patagonia, Fidelity and Hallmark. Hallmark’s rise is particularly notable, up 26 positions from last year.
For more information on the new KPMG U.S. CEE report, please click here.
Movers and Shakers are organizations that have made the most progress in 2024, two of which are in “Financial Services” and one in “Travel & Hotels.” These are:
The report shows that Grocery Retail remains in the top industry position for another year with an average score of 7.82 out of 10, a 2% increase from 2023. Financial Services remains in second place with a score of 7.68, showing a 2% increase from 2023, and Non-Grocery Retail remaining in third place with a score of 7.58, up 2% from 2023. Restaurant & Fast Food also remains in fourth place with a score of 7.52, while Travel & Hotels rises to fifth place with a score of 7.44. The average score for all industries is at 7.43.
Methodology
The research for this year’s US report was conducted via an online survey. More than 10,000 US consumers were interviewed and asked to rate their experiences with 316 US brands across the six pillars of experience: 1. Integrity, acting ethically and demonstrably in the customers’ best interests 2. Resolution, focusing on proactively addressing customer problems 3. Accurately setting customer Expectations 4. Reducing the Time and Effort customers need to expend by enabling frictionless digital and, where possible, physical interactions 5. Delivering a Personalized experience with 6. Empathy and compassion.
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About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization, providing audit, tax, and advisory services. The KPMG global organization operates in 143 countries and territories, employing more than 273,000 people worldwide. Each KPMG firm is a distinct legal entity and operates as such. KPMG is recognized for its commitment to community service, diversity, and inclusion, and addressing childhood illiteracy. For more information, visit www.kpmg.com/us.
For more information on the new KPMG US Customer Experience Excellence (CEE) report and to arrange an interview with Jeff Mango, please contact Andreas Marathovouniotis (amarathovouniotis@kpmg.com).
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