Voice of the Customer Examples & Business Use Cases
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Overview This article showcases some of the Voice of the Customer (VoC) use cases in the real world and how VoC has helped companies grow. If you’re still not sure how useful a VoC approach is, and how it might apply in practice, read on to discover some real-world examples. We’ll demonstrate that, rather than being an academic abstraction, Voice of the Customer tools provide a practical and thorough approach to data gathering. In fact, as these examples will show, Voice of the Customer analysis may just prove of the most effective tool for insight into what your customers want, sometimes even before they do. And as a recent Forbes article pointed out, customer sentiment isn’t static, it changes over time, so engaging in this research on a recurring program basis is vital. First let’s make sure we’re on the same page by clarifying what the VoC process actually is.
What are the Top Voice of Customer Examples?
Why do we Need VoC Tools?
What is the Voice of the Customer Process?
Before we go into the examples of VoC lets take a quick look into Voice of the Customer (VoC) process is a 4-step task that can be detailed as: 1. Identification of VoC data sources - Data sources can be direct, indirect, and inferred. Direct sources include surveys, call center logs and customer emails. Indirect data sources include social media videos and comments, review blogs and platforms, and news articles and videos. Inferred data sources include website data such as time on the website, time spent on a particular web page, conversion rate, purchase history, etc. Click here to learn more about Voice of Customer data collection. 2. Capturing the VoC data - Once the data source has been identified, it needs to be captured for analysis. We need a video content analysis (VCA) tool for this process that will help us examine all the available data, no matter its format - text, image, or video. This step itself takes place in 4 stages - Audio transcription; Caption overlay; Image recognition; and Text extraction.
3. Sentiment analysis - A machine learning engine processes all the data from the above step through a text analytics API and extracts all the entities and aspects. It then runs them through a sentiment analysis process. In this stage, positive, negative, and neutral sentiments are assigned for the entities and the sentiment scores are arrived at. 4. Data visualization - When all the VoC data has been processed for emotion mining, the insights are presented on a customer dashboard in the form of simple charts and graphs. This helps in focussing on actionable strategies that can be developed based on the findings.
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