Why Voice of the Customer is Critical—and How Canon ITS Can Help
If you don’t know how your customers view your business, what their experience is like when they interact with you, or what their needs are, you can’t meet their expectations. It sounds simple enough. But many organizations struggle with how to gain useful customer feedback and turn it into actionable insights.
That’s where Voice of the Customer (VoC) can help.
VoC can help you deliver a better customer experience—one that differentiates your company and builds a growing, loyal customer base. By understanding why VoC is essential to meeting your customers’ expectations and how solution providers like Canon ITS can help you capture and use VoC data, you can begin to leverage these insights to your advantage.
Why VoC is Vital to the Customer Experience
The term “Voice of the Customer” was coined in 1993 in what is considered a groundbreaking academic paper published at the Massachusetts Institute of Technology about gathering customer requirements. Now used extensively by businesses across every industry, VoC is a methodology for capturing feedback from customers to learn how they feel about your business, your brand, and your products and services.
The insights gleaned from VoC can be invaluable in informing your customer service strategy and improving the entire customer experience—and that can prove a true win-win.
For companies, an effect VoC strategy can:
- • Improve your customers’ satisfaction, increasing the odds that you’ll retain their business
- • Help you understand what your customers think, even when they don’t choose to tell you proactively (which is critical, since only 1 out of 26 unhappy customers will complain and the other 25 will simply take their business elsewhere)
- • Create a group of vocal advocates who share their positive experiences
- • Encourage customers to post positive feedback—the kind that influences others to buy from your company
- • Spot a negative trend and take corrective action before it escalates
- • Determine which new features or enhancements customers are most likely to value
- • Glean ideas for new products or services to bring to market
For customers, your VoC program can:
- • Encourage them to engage with your brand more intimately
- • Demonstrate that you value their opinions, preferences, and expectations
- • Illustrate that you want to understand them and treat them as individuals (which two-thirds of customers cite as a reason to spend more with a company)
- • Engender their loyalty, ensuring they continue to do business with you
Capturing and Using VoC Data
For VoC to serve as a useful tool for guiding your customer service strategy and improving the customer experience, you need to capture the right data across all the different channels your customers use to interact or conduct business with you. Whether it’s live chat, social media monitoring, online reviews, or recorded call data, the more touchpoints you can incorporate into your VoC initiative, the better the insights you’ll gain.