Digital customer experience: A competitive advantage

By Bharath Balan Ashokkumar
Updated on Mar 28 2024

As a consumer, would you be willing to spend extra for a better experience with a brand you adore? Would you rather buy from a company that has a subpar customer experience strategy?

Numerous studies have revealed that leaders and brands prioritize providing a superior customer experience over cost.

Customers today are making it quite obvious that they want a positive customer experience or else they will patronize rival companies in the sector. Digital customer experience is becoming essential for businesses to stay on top and steer the industry as we transition to an all-digital world.

Brands that embrace the transition toward digital transformation and this new, remote-everything company culture are succeeding and advancing in their pursuit of a digital consumer experience. A seamless digital consumer experience across all digital channels is becoming increasingly important as eCommerce and the digital marketplace become more and more prevalent.

A well-planned digital customer experience for organizations lays the groundwork for increased customer loyalty and retention rates. An excellent digital customer experience for customers makes sure they feel heard and understood by the company on any and every channel as per the convenience of the customer.

Despite the aforementioned factors, when clients are prepared to make a purchase, a company must without fail offer superb customer service. A company must close the gap between the services it offers and the expectations of its clients.

Following our discussion of the fundamental justifications for choosing a digital customer experience strategy, we have developed a CX strategy template that you can use to add your CX objectives and begin working toward attaining them by responding to the questions that follow.

What is digital client experience?

The term “digital customer experience” (DCX) refers to the sum of all interactions a customer has with a brand through various digital conversational channels.

It mostly concerns the image of the company that clients form in their thoughts following contact with the organization. It could involve using an app or a website, finishing a transaction, or getting customer service after making a purchase.

Creating the finest connection possible between a company and its customers on all virtual touch points — such as a website, social media, or chatbot — requires extensive planning. Customers must be able to navigate digital customer service with ease.

The term “digital customer experience” (DCX) refers to a subset of the term “customer experience” (CX) that includes interactions that take place virtually. Maintaining a constant tone in company communications, both digitally and physically, is crucial for customers. Therefore, if a brand maintains a lighthearted and entertaining image in stores, the same must be done online.

Businesses need to be fully aware of all of their virtual touchpoints in order to develop a solid digital customer experience strategy. They also need to know how to make the most of each one of them. Building a presence with little to no understanding could cause your business to suffer or even fail.

In 2022, the significance of the digital customer experience

According to a recent Salesforce report, 67% of customers are willing to pay more for superior customer service.

The largest adult generation, the Millennials, who make up about 23% of the world’s population, prefer to shop online. Building a strong digital customer experience is crucial for organizations as the market moves toward digital platforms.

The impact of a positive customer experience has already been felt by executives from all sectors of society. Businesses have made investments to enhance the overall customer experience, and they have seen the amazing outcomes that have resulted. By valuing and implementing customer experience, they experienced an incremental revenue growth of 4–8%.

Digital customer experience attends to the virtual components of the customer journey, where customer experience concentrates on all potential aspects of the customer journey. Between 2020 and 2027, the global eCommerce market is anticipated to develop at a compound annual growth rate (CAGR) of 14.7%. Customers’ purchasing habits are eventually changing due to this market’s constant growth.

The capacity to examine every customer encounter and get useful insights from it is another crucial component of the digital customer experience. Let’s say certain of your pages take a long time to load, causing visitors to leave the page. Customers can be engaged right away and the bounce rate can be decreased by deploying a conversational chatbot on the page. Such quantifiable insights enable a deeper comprehension of clients’ viewpoints on the company.

Companies will require a solid digital customer experience (DCX) strategy in 2022 to meet customer expectations. Anytime a consumer engages with your firm, regardless of the channel, he or she must be happy with the interaction and eager to recommend it to others. At this point, the company will begin to benefit from the full potential of the digital customer experience.

A bad customer experience led to the abandonment of purchases by 78% of customers. To have a great digital customer experience in 2022 and beyond, this is how crucial it is.\

Digital customer experience as a differentiator

In the post-pandemic era, everything must be done online, including opening a bank account, making daily purchases, booking appointments, and purchasing a car.

Today’s consumers anticipate being able to purchase goods and services with a single click, voice command, or message. They anticipate that brands will be astute enough to recognise their requirements and respond to them right away. 85 percent of people want businesses to respond to their questions digitally within six hours. Customers may move to your competition if you don’t respond to social media messages, comments, and even mentions.

Higher customer expectations present a chance to give each of your customers a tailored experience. Businesses now risk becoming invisible if they fall behind in developing a digital presence.

Your needs for a seamless digital consumer experience can be satisfied by kAIron For your company, we can create a solid and automated customer experience plan from scratch.

Utilize our free template for a digital customer experience strategy to help you work toward your annual objectives. You may also arrange a demo with one of our specialists to learn more about what would work best for your company’s requirements and how it will support your CX objectives.