Sixty-seven percent of senior leaders cited evolving customer preferences as the primary driver of their digital transformation efforts, according to a study released today by Usabilla, the global Voice of Customer (VoC) technology provider.
In its “Digital Transformation: Age of The Digital Customer” report, Usabilla found that while many brands are still immature when it comes to executing on digital experience strategies, they understand the importance of delivering next-generation to drive business growth and remain competitive. Beyond evolving customer preferences, over half of senior leaders reported threats from increased competitive pressure (58 percent) and a decline in business performance (51 percent) as top reasons for pursuing digital transformation.
The report uncovered a number of common challenges facing senior leaders and decision-makers looking to improve their organization’s current digital experience programs. When asked about common points of frustration, 78 percent of senior leaders overall cited a lack of cross-departmental collaboration for digital experience programs as their number one pain point, while 54 percent pointed to incompatible current organizational structure and 50 percent blamed limited budget and resources.
“Customer expectations are evolving as customers increasingly shift their activities online,” said Katie Hickey, marketing manager at Usabilla. “To keep up, organizations must prioritize their digital transformation strategies to improve the overall customer experience and support broader sales and marketing initiatives, such as increasing revenue and reducing churn.”
Overall, eighty-two percent of respondents agreed that if improving digital experience programs were an executive priority in 2019, it would advance the digital maturity of their organization. When compared across industries and company size, however, the report revealed some key differences in confidence in regards to digital maturity:
- Sixty-three percent of respondents who answered “not at all confident” in the digital maturity of their organization worked within companies that had over 5,000 employees.
- Travel and hospitality brands were the most confident in their digital maturity, with 54 percent of respondents in this industry expressing confidence.
- Banking, financial services and insurance institutions were the least confident in their digital maturity, with 60 percent of respondents in this industry expressing a lack of confidence.
To learn more about the challenges of digital transformation for senior leaders and the state of digital maturity across industries, download the full report here.
About Usabilla
Usabilla, a globally trusted customer and employee listening platform, was founded with the belief that continuous user feedback is the key to any successful website, product or service. Its services helps brands to improve the performance of their websites, apps and emails with live user feedback. Over 20,000 clients worldwide use Usabilla’s Voice of Customer solutions to improve user experience, increase conversions and boost customer satisfaction. For more information, visit http://www.usabilla.com.