{"id":69110,"date":"2024-03-27T08:29:57","date_gmt":"2024-03-27T15:29:57","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/industry\/microsoft-in-business\/?p=69110"},"modified":"2024-03-28T08:04:43","modified_gmt":"2024-03-28T15:04:43","slug":"trends-in-customer-experience-personalizing-with-ai","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/industry\/microsoft-in-business\/customer-experience\/2024\/03\/27\/trends-in-customer-experience-personalizing-with-ai\/","title":{"rendered":"Trends in customer experience: Personalizing with AI"},"content":{"rendered":"\n<p>Exceptional customer experiences are no longer the exception\u2014they\u2019re the rule. Companies need the right combination of innovation and cultural transformation to stand out, build customer trust, and achieve high&nbsp;engagement.<\/p>\n\n\n\n<p>We\u2019ve interviewed three experts about the ways AI and other emerging technologies are improving the experiences of both customers and employees. The consensus is clear: building customer-first internal cultures will lay the foundation for future innovation and&nbsp;growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"instilling-a-customer-first-mindset-in-financial-services\">Instilling a customer-first mindset in financial&nbsp;services<\/h2>\n\n\n\n<p>One factor stands out when considering how customers experience financial services companies, according to Theodora Lau: \u201ceconomy, economy, economy.\u201d Lau, Founder of Unconventional Ventures, stresses that businesses need to offer more than the ability to track spending. Remembering the goals and concerns of the humans at the center of each experience will help leaders use AI successfully and transparently to provide more personalized and convenient customer experiences. \u201cAI can decipher our data, it can provide us with insights, and it can tell us how to go from point A to point B,\u201d says Lau. But companies that use these capabilities to drive customer-first cultures are positioned to continue innovating as AI&nbsp;advances.<\/p>\n\n\n\n<p>It\u2019s also important to remember that transparency surrounding technology builds trust. For instance, making it clear when customers are interacting with a virtual agent and not a person can actually strengthen relationships with customers and free them to achieve their financial goals with&nbsp;confidence.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Top Industry Trends in Customer Experience: Financial Services\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/KOsIcdDcodE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Audio description version: <a href=\"https:\/\/www.youtube.com\/watch?v=yu2_nZG-zio&amp;t=0s\" target=\"_blank\" rel=\"noreferrer noopener\">Top Industry Trends in Customer Experience: Financial Services<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"driving-personalization-for-retail-customers-with-ai\">Driving personalization for retail customers with&nbsp;AI<\/h2>\n\n\n\n<p>Ron Thurston, Cofounder of OSSY, spent more than a year traveling through 30 US states to talk to frontline retail teams and executives about emerging customer trends. \u201cEvery part of our industry that touches retail is speaking about personalization and customization,\u201d says&nbsp;Thurston.<\/p>\n\n\n\n<p>Improving retail experiences involves everything from operations and employee training to customer loyalty programs and support. \u201cWe\u2019ve never needed to be at our best more than we do right now,\u201d says&nbsp;Thurston.<\/p>\n\n\n\n<p>Personalization depends on analyzing large amounts of rich data\u2014that\u2019s where AI comes in. AI solutions can unlock insights to power personalized shopping at scale. Companies that use these tools are positioning themselves to design customized shopping experiences, smart recommendations, and intelligent outreach, all of which adds up to a seamless unified commerce&nbsp;experience.<\/p>\n\n\n\n<p>While customization is one key to sparking customer engagement, the employee experience is what truly sets brands apart from competitors. \u201cA team that is fully engaged and really proud of what they do is likely to engage with customers at a very high level, and customers feel it,\u201d says Thurston. When employees are empowered with the tools they need, they can pass on the benefits of better efficiency and satisfaction to&nbsp;customers.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Top Industry Trends in Customer Experience: Retail and Consumer Goods\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/CLPGMcC4bsY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Audio description: <a href=\"https:\/\/www.youtube.com\/watch?v=TZJZf4kXSrg&amp;t=0s\" target=\"_blank\" rel=\"noreferrer noopener\">Top Industry Trends in Customer Experience: Retail and Consumer Goods<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"engaging-patients-as-customers-to-build-trust-and-better-service\">Engaging patients as customers to build trust and better&nbsp;service<\/h2>\n\n\n\n<p>When the customer is also a patient, developing engagement strategies that meet their needs and expectations can revolutionize their healthcare experience. \u201cPeople think the service level of healthcare should excel and be enhanced like their favorite kind of retail experience,\u201d says Jane Sarasohn-Kahn, Health Economist and Founder of THINK-Health&nbsp;LLC.<\/p>\n\n\n\n<p>With the well-being of customers directly tied to their engagement with your company, a trustworthy experience can make an immense difference to their mental and physical health. \u201cWithout trust, there is no health engagement,\u201d says Sarasohn-Kahn.<\/p>\n\n\n\n<p>Building trust between patients and providers means prioritizing factors like sincerity and authenticity\u2014qualities that AI can enhance. Unlocking data-driven insights can also promote the personalization that strengthens customer relationships. \u201cAI is being deployed across the ecosystem, wherever patients are,\u201d says Sarasohn-Kahn.<\/p>\n\n\n\n<p>One example is <a href=\"https:\/\/www.microsoft.com\/en-us\/industry\/nuance\" target=\"_blank\" rel=\"noreferrer noopener\">Nuance<\/a>, a patient management solution from Microsoft, which uses conversational AI to boost communication with patients through appointment reminders, outreach, and support. With better communication tools, you can interact with patients where they are and enhance the omnichannel care that promotes the best&nbsp;outcomes.<\/p>\n\n\n\n<p>Another example comes from <a href=\"https:\/\/customers.microsoft.com\/en-us\/story\/1701699654934326459-providence-azure-openai-service-united-states\" target=\"_blank\" rel=\"noreferrer noopener\">US healthcare organization Providence<\/a>, which developed an AI product called ProVARIA using <a href=\"https:\/\/azure.microsoft.com\/en-us\" target=\"_blank\" rel=\"noreferrer noopener\">Microsoft Azure<\/a> solutions to automatically classify incoming patient messages and direct them to the appropriate responders. This way, clinicians can spend more time on patient outcomes, and patients can enjoy an enhanced&nbsp;experience.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Top Industry Trends in Patient Experience: Healthcare and Life Sciences\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/RCgTAlk-Feg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Audio description version: <a href=\"https:\/\/www.youtube.com\/watch?v=6uLFAJxup44&amp;t=0s\" target=\"_blank\" rel=\"noreferrer noopener\">Top Industry Trends in Patient Experience: Healthcare and Life Sciences<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"enhancing-customer-experiences-with-emerging-technology\">Enhancing customer experiences with emerging&nbsp;technology<\/h2>\n\n\n\n<p>The right combination of cutting-edge technology and a customer-first internal culture drives engagement. Regardless of your industry, engaging customers means being purpose driven and having access to the tools you&nbsp;need.<\/p>\n\n\n\n<p>To learn more, explore the <a href=\"https:\/\/www.microsoft.com\/en-us\/industry\/customer-experience-platform\" target=\"_blank\" rel=\"noreferrer noopener\">Microsoft Customer Experience&nbsp;Platform<\/a>.<\/p>\n\n\n\n<p>To discover how you can use AI to gain new customer insights, learn more about <a href=\"https:\/\/azure.microsoft.com\/en-us\/products\/synapse-analytics\/\" target=\"_blank\" rel=\"noreferrer noopener\">Azure Synapse&nbsp;Analytics<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exceptional customer experiences are no longer the exception\u2014they\u2019re the rule. Companies need the right combination of innovation and cultural transformation to stand out, build customer trust, and achieve high engagement.<\/p>\n","protected":false},"author":771,"featured_media":69115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_classifai_error":"","_classifai_text_to_speech_error":"","footnotes":""},"categories":[1545],"post_tag":[1662,51,1599,101,1551],"content-type":[534],"coauthors":[790],"class_list":["post-69110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-experience","tag-ai","tag-azure","tag-financial-services","tag-healthcare","tag-retail","content-type-industry-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trends in customer experience: Personalizing with AI - Microsoft in Business Blogs<\/title>\n<meta name=\"description\" content=\"Learn about the customer experience trends that will help you differentiate your business and improve customer engagement in this Microsoft in Business blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.microsoft.com\/en-us\/industry\/microsoft-in-business\/customer-experience\/2024\/03\/27\/trends-in-customer-experience-personalizing-with-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enhancing customer experiences with emerging technology\" \/>\n<meta property=\"og:description\" content=\"How can businesses deliver personalized, engaging customer experiences? 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