In November 2018, I examined a few ways customer expectations have changed due to technology and what organizations, especially IT, need to know to stay competitive. Today, we reflect on how those expectations have changed in a short amount of time.
Customers, technology, new expectations. Let’s start off talking about a company that failed to pay attention to any of those things.
Long before we could access almost any TV show and movie from the simple click of a remote, Blockbuster reigned supreme. Anyone born before the mid-1990s probably has memories of heading down to the video store in hopes of finding a new release or a beloved classic. Of course, you never knew what would be checked out so you had to hope for the best. After you picked out and paid for your movies, you’d head home and watch it almost immediately. Because you had to return the thing a few days later to avoid those late fees!
But then in 1997, Netflix came along. And remember, before you could instantly stream thousands of movies to your TV, you could request certain DVDs online and Netflix would send them to you. And then you could send them back whenever you wanted. No late fees! This was revolutionary and it upended the video rental industry.
But Blockbuster failed to catch on. They failed to innovate. They failed to use the technology that was becoming available to them and they failed to meet the expectations their customers now had for their products.
Today, Netflix is booming and Blockbuster is long gone.
It’s easy to look back in retrospect and point out where Blockbuster failed. It’s easy to wonder how they failed to pay attention to the writing on the wall. But, of course, we enjoy the benefit of knowing how the future unfolded. Blockbuster didn’t recognize the impact of technology and, when I think about it, I can actually understand how they failed. At its peak in the mid-90s, Blockbuster had 65 million registered customers and was valued as a $3 billion company. They probably thought that they had happy customers, millions of them, in fact. They might have assumed that if they could just keep most of those millions of customers happy the same way they had been for over a decade, then they could endure some flashy competition.
The problem was not the competition, though. It was their customer’s expectations and their failure was marked because they refused to pay attention to the changing expectations of the marketplace.
While every industry is different, there are several overarching customer expectations that every organization should know.
Instant Response & Seamless Communication
Consumers don’t contact brands like they used to. They won’t call a hotline or sit on hold for hours. Now, they interact with brands just as they would interact with friends or family, through texting, social media, email or messenger. And no matter how they communicate, customers want an instant response. 40% of consumers expect a customer service response within an hour. (And yes, this means on the weekend too!)
Organizations must have the technology for instant response and seamless communication with their customers. Whether it’s incorporating chatbots, creating auto-response tools or using AI, you can’t afford to keep your customers waiting.
Easy Access to All Their Data
A decade ago, consumers understood if they had to be put on hold while you transferred them to another department or waited while you found their file in the filing cabinet.
But things have changed. Fitness trackers provide consumers with a wealth of data about their bodies just by glancing at their watch. Customers can open up Google, type in a word or two and have answers in seconds. Consumers have almost instant access to data these days. They expect your organization to do the same. They simply don’t have the patience for you to transfer them to the right department, dig for their info or wait for access from a superior to their data. Furthermore, you can’t afford to be relying on manual methods of data entry or note-taking inside a customer’s file. Every interaction needs to be automatically tracked. Your organization must have the ability to easily, securely and quickly access every customer data.
Amazon changed expectations regarding delivery times. In 2015, 63% of consumers surveyed felt that 3-4 day shipping was fast. In 2018, that number dropped to 25%. And while many small businesses would love to gripe that it’s hard to compete with the biggest retailer in the world, griping will do very little to change the situation. Customers don’t care if they are ordering from a billion-dollar company or from a small shop made up of 10 employees. They expect faster delivery time.
This means organizations have to improve efficiency for every piece of the process that leads up to the actual delivery. From processing the order to packaging, organizations need to improve their process, optimize their technology and push themselves to be as fast and efficient as possible to meet demand.
Consumers go from browsing on their phones to their tablets to their computers and back again. The experience with your brand needs to be consistent no matter what device someone is on. This means a mobile-friendly website, ordering system and contact forms. Everything you publish and promote needs to be accessible and easy to understand from any screen size.
These expectations are not easy to meet. The pressure is intense for every organization but I encourage organizations to look at more than the expectation but the need behind the trend to stay ahead.
Netflix didn’t succeed because they used technology to mail out DVDs. They succeeded because they understood their customers wanted convenience. Customer expectations are born because organizations pay attention to what customers want and need. Whether its speed, convenience, comfort, customer service or quality, there is a need or a want behind every new customer expectations.
Organizations, especially the IT department, should be listening to their consumers and identifying their underlying needs. If they can do this, then they can identify the best services, create better processes and find the right technology to deliver those services, meeting not only these customer expectations but any expectations that might arise in the future.Share