Upload
votu
View
213
Download
0
Embed Size (px)
Citation preview
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 2 “We Accelerate Growth”
Contents
Background and Company Performance ........................................................................ 3
Industry Challenges .............................................................................................. 3
Visionary Innovation & Performance and Customer Impact ...................................... 5
Conclusion........................................................................................................... 8
Significance of Company of the Year ............................................................................. 8
Understanding Company of the Year ............................................................................. 9
Key Benchmarking Criteria .................................................................................... 9
Best Practice Award Analysis for Support.com ................................................................ 9
Decision Support Scorecard ................................................................................... 9
Visionary Innovation & Performance ..................................................................... 10
Customer Impact ............................................................................................... 10
Decision Support Matrix ...................................................................................... 11
The Intersection between 360-Degree Research and Best Practices Awards ..................... 12
Research Methodology ........................................................................................ 12
Best Practices Recognition: 10 Steps to Researching, Identifying, and Recognizing Best Practices ................................................................................................................. 13
About Frost & Sullivan .............................................................................................. 14
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 3 “We Accelerate Growth”
Background and Company Performance
Industry Challenges
Support Interaction Optimization (SIO) is a set of solutions that incorporate guided
resolution integrated with knowledge bases and interactive analytics to assist support
agents to better solve customers’ complex inquiries and support issues. These tools auto-
populate agent screens with suggested answers and solutions, and next best actions for
support agents to dramatically cut down on the time needed to solve a customer’s issue.
The advent of SIO has created a new market within the contact center industry to answer
the need for tools that enable shorter, less expensive, more accurate, productive, and
satisfying support experiences.
Today’s consumers are increasingly techno-savvy, almost obsessed with the compelling
plethora of high-tech goods and services available to them. Frost & Sullivan research has
shown that these mobile, engaged, and “always on” consumers increasingly prefer to self-
serve first and research online before they engage or re-engage with a business over the
phone. They also attempt to troubleshoot their own product problems. Only when they
can’t self-help do they pick up the phone.
Having gone through the process of exhausting other resources, when customers do get
to that support line, their questions are usually of a more complex nature, requiring a
higher level of support. At this point they often are anxious and stressed, having spent
considerable time attempting to fix their problems without achieving results.
Understandably they want swift and straightforward answers and issue resolution from
agents.
These issues are going to become more challenging to handle with the advent and the
growing popularity of connected devices, also known as the Internet of Things (IoT). Frost
& Sullivan forecasts that globally there will be 50 billion connected devices by 2020. These
include appliances, home automation, health monitoring, equipment and machinery,
vehicles, and wearables. Often IoT installations involve multiple vendors of products and
networks, which have to work together reliably. But when one of them doesn’t function
correctly customers do not want “the blame game” between suppliers. Instead they
rightfully expect one vendor to take the lead and get any issues resolved.
Yet, complex customer support interactions, like for IoT, can be costly, due to interaction
length and potential escalation to higher level support staff or subject matter experts
(SMEs). The contact center industry also suffers from high staff turnover. Estimates of
agent churn are nearly 40% per year, with agents typically leaving after 2 ½ years, at a
replacement cost of about $10,000 each. Additionally, companies face the cost of lost
business from unhappy customers. Customer satisfaction scores and first contact
resolution rates are shown to have steep declines with increasing agent turnover.
However, the existing array of support applications – such as case and ticket
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 4 “We Accelerate Growth”
management, customer interaction management (CIM), customer relationship
management (CRM), and remote access – by themselves are not meeting companies’
customer support needs. Suppliers and their clientele must devise, implement, and
achieve success with solutions that can improve the Customer Experience, manage
complex issues, integrate with other applications, improve performance, and reduce costs.
This reality calls for a new breed of support solutions that complement the software that
companies had already invested in, thus filling a critical gap in the technology and support
landscape.
SIO offers a way forward for support organizations that are struggling to balance
customer demands and needs, technology developments, cost containment, and market
limits. SIO assists in customer support environments, but also includes tools geared
specifically for technical support as well. The breadth of SIO applications encompasses
remote access, diagnostics and resolution, including the transmission and installation of
bug fixes and new software.
SIO allows companies to manage and solve complex issues in less time and expense with
Level One agents, by providing them with step-by-step answers and questions. Analytics
tools built into SIO applications provide real-time insights into agent behavior, support
processes, and product data. These tools uncover which routes – guided, custom, or
support agents’ free-form replies – solve problems faster and more effectively. These tools
also check on agent adherence compliance with guided resolution procedures, uncover
process bottlenecks, product causes of average handle time (AHT) spikes, and detect
product errors and malfunctions. SIO, therefore, results in minimal escalations, future, or
repeat calls. SIO also reduces agent onboarding and training costs.
At the same time, the increasingly complex business IT environment with cloud, hybrid,
and shadow IT demands a methodology and a process to help users resolve problems.
SIO fits such a requirement and there will be demand from business hardware,
technology, and services vendors for SIO tools.
But SIO success also hinges on providing advanced tools to support agents dealing with
complex technical and remote support issues. Success also hinges on providing the right
balance of live and self-service assistance, and the proper tools to effectively guide agents
through potentially complex interactions.
Suppliers must devise, integrate, and successfully deploy customer Web self-service,
remote support, guided resolution, analytics, and performance management applications
to deliver SIO. Each of these components must work together seamlessly in order to
provide a superior Customer Experience. This is not easy as each of these software
elements have very different pedigrees.
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 5 “We Accelerate Growth”
Visionary Innovation & Performance and Customer Impact
Criterion 1: Addressing Unmet Needs
The Support.com Nexus SIO meets the unmet and underserved needs of companies
desiring a solution that helps them to cost-effectively resolve complex issues, including
those that arise from IoT applications. Nexus SIO guides support agents through customer
interactions with workflows, or “Guided Paths” that provide step-by-step answers and
questions, aided by in-depth analytics.
Using Nexus, contact centers can continuously optimize live support interactions. Nexus
analytics provide real-time insights into agent behavior, support processes, and product
data. These tools uncover which paths – guided, custom, or support agents’ free-form
replies – solve problems faster and more effectively. It also checks on agent compliance
with Guided Paths™, uncovers process bottlenecks, product issues causing spikes in
average call handle time, and detects product errors and malfunctions.
Nexus remote tools also provide access to PCs, Mac, Android, iOS, and other devices in
the world of connected devices or the IoT. Nexus also can navigate complex corporate IT
environments, including cloud, hybrid cloud, and shadow IT to solve users’ problems with
its Guided Path methodology and remote access tools. Any support process that is
repeatable and trackable is a candidate for Nexus SIO.
Criterion 2: Visionary Scenarios & Mega Trends
Support.com lies in the “nexus” of three Mega Trends: connectivity and convergence,
bricks and clicks, and social trends. The Nexus SIO solution is a new approach and
integrated solution-set that enables and supports connected devices, communications, and
computing hardware and software, which themselves are converging. Support agents use
Nexus SIO to quickly and systematically troubleshoot and resolve the often complex
issues that will arise with these products and services. Nexus also provides omni-channel
engagement, where customers enjoy the same excellent Customer Experience online, by
phone, and in-person. Nexus is being used with retail staff to solve customers’ problems
in-store or integrated with phone and online channels.
The connectivity and omni-channel features of Nexus enable Support.com to meet the
customer support expectations of the new generation. Nexus has been written to
supplement and support customer web self-service, including service through mobile apps.
That Nexus has remote access to let agents fix problems fits within the new generation’s
connectivity and technology zeitgeist, in which they expect their providers and suppliers to
manage their products and services.
Criterion 3: Implementation Best Practices
Support.com is writing the book on SIO best practices. Nexus arose from Support.com’s
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 6 “We Accelerate Growth”
need for an optimization application in its own outsourced contact center; fielding
approximately 20,000 contacts on a daily basis. Indeed, Nexus was created based on the
insights from over 20 million support interactions.
Every facet of Nexus is based on Support.com’s experiences in serving its customers
through its contact center. Support.com tested and refined Nexus with its support agents.
For example it found that Nexus reduces AHT by as much as 50%.
Support.com has written into Nexus a methodology that permits consistent, repeatable
and trackable processes. And Nexus uses a drag-and-drop visual designer for custom
path creation and updates, eliminating the need for IT assistance to update and publish
best practices. Another Nexus SIO feature, Nexus Guided Path™ Libraries, allows support
organizations to maintain repositories of those paths that reflect their best practices.
Criterion 4: Blue Ocean Strategy
Support.com is one of the first vendors to develop a comprehensive best-of-breed
application focused on SIO that answers customers’ developing support needs. While
other support solutions vendors have pieces of SIO, only a few of them have assembled
these parts to create holistic SIO products. Support.com also is a pioneer in embracing
the SIO concept in its marketing and messaging.
Criterion 5: Price/Performance Value
Support.com offers Nexus as a best-of-breed SIO solution that integrates with but does
not duplicate other vendors’ applications. Nexus is CIM and CRM solution agnostic, and
can take cases and tickets that have been initiated in third-party platforms, flow them into
the SIO applications, and integrate the resulting data into knowledge bases. Support.com
has pre-built integrations with Salesforce and SugarCRM, with more being added. In
addition, Nexus is a hosted solution, which gives it flexibility, scalability, and affordability.
Criterion 6: Customer Purchase Experience
Support.com’s Nexus is generating sometimes dramatic results. Nexus enabled a
communication service provider to shrink its pre-call AHT by 74%. Meanwhile the
solution’s Guided Paths and data analytics identified process bottlenecks and streamlined
processes in less than 24 hours.
The provider offers an IoT home automation solution that ties their communications
system into other home devices. The webcam connects to the home security system, the
refrigerator to the home health monitoring system, and the audio solutions to the home
sound system. Tying all of these devices together creates complexity for initial setup and
ongoing support.
A critical component of the provider’s customer support program included engaging
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 7 “We Accelerate Growth”
customers at risk for churn. These customers were those who had signed up for the
service but had not yet set up their home automation. The company needed support in
outbound calling, customer setup assistance, and education.
The communications provider looked to Support.com for help in identifying process issues,
reducing churn, and providing outstanding customer support. The Nexus solution was
deployed to all agents serving the company’s home automation program. The company’s
customer support supervisors used the Nexus Guided Path visual designer to quickly and
easily create optimized paths for agents.
Previously, measuring the effectiveness of agent paths involved tedious, manual
processes. The provider’s supervisors had to manually listen to every call to assess key
metrics. Now, Nexus tracks the data for them automatically, measuring key factors like
the time the agent is spending on all interactions. The data informs supervisors of path
best practices and enables them to quickly deploy resolutions to any problem areas
identified in the data.
The communications provider also needed assistance with outbound calling to help
customers with their home automation system setup. The process required ten key steps
that agents were tasked to complete before contacting the customer. These included
checking billing information and program stock keeping units (SKUs)
After a week of studying the outbound calling path and handle times in Nexus, supervisors
determined that several steps in the path were causing significant bottlenecks that were
increasing AHT. The path was adjusted so agents could reach more customers, decrease
AHT, and ultimately reduce churn.
The communications provider also realized significant benefits by adding Nexus to their
home automation customer-support program. Program supervisors learned from Nexus
that agents were spending as long as 12 minutes finding key information such as when
customers could be reached at home before placing a call. After all that only 15% of calls
were successful in reaching customers.
With Nexus, program supervisors easily identified process bottlenecks and determined
which steps should be reconfigured or eliminated. Those steps were quickly rearranged
and instantly deployed to all agents. The entire process, from analysis to deployment took
less than 24 hours. Agents immediately followed the new process without the need for
additional training.
After improving the outbound calling process and measuring its effectiveness, the
communications provider reduced pre-call setup from an average of 8.7 minutes to just
2.3 minutes. As a result the provider reported higher customer satisfaction and reduced
churn for their home automation subscribers.
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 8 “We Accelerate Growth”
Conclusion
Matching SIO tools to the specific needs of a business reduces the complexity and costs of
providing the superior customer support that will ensure a company’s competitive
advantage. As such, Frost & Sullivan believes that SIO tools and partnerships that enable
SIO solutions will thrive in the coming decade. Support.com has come out of the gate with
a powerful, proven, and timely SIO solution that has already helped companies achieve
these results. Because of its strong overall performance, Support.com is recognized with
Frost & Sullivan’s 2014 Company of the Year Award for Support Interaction Optimization.
Significance of Company of the Year
To win the Company of the Year award (i.e., to be recognized as a leader not only in your
industry, but among your non-industry peers as well) requires a company to demonstrate
excellence in growth, innovation, and leadership. This kind of excellence typically
translates into superior performance in three key areas: demand generation, brand
development, and competitive positioning. These areas serve as the foundation of a
company’s future success and prepare it to deliver on the two criteria that define the
Company of the Year Award (Visionary Innovation & Performance and Customer Impact).
This concept is explored further below.
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 9 “We Accelerate Growth”
Understanding Company of the Year
As discussed above, driving demand, brand strength, and competitive differentiation all
play a critical role in delivering unique value to customers. This three-fold focus, however,
must ideally be complemented by an equally rigorous focus on visionary innovation to
enhance customer value and impact.
Key Benchmarking Criteria
For the Company of the Year Award, Frost & Sullivan evaluated two key factors—Visionary
Innovation & Performance and Customer Impact—according to the criteria identified
below.
Visionary Innovation & Performance
Criterion 1: Addressing Unmet Needs
Criterion 2: Visionary Scenarios Through Mega Trends
Criterion 3: Implementation Best Practices
Criterion 4: Blue Ocean Strategy
Criterion 5: Financial Performance
Customer Impact
Criterion 1: Price/Performance Value
Criterion 2: Customer Purchase Experience
Criterion 3: Customer Ownership Experience
Criterion 4: Customer Service Experience
Criterion 5: Brand Equity
Best Practice Award Analysis for Support.com
Decision Support Scorecard
To support its evaluation of best practices across multiple business performance
categories, Frost & Sullivan employs a customized Decision Support Scorecard. This tool
allows our research and consulting teams to objectively analyze performance, according to
the key benchmarking criteria listed in the previous section, and to assign ratings on that
basis. The tool follows a 10-point scale that allows for nuances in performance evaluation;
ratings guidelines are illustrated below.
RATINGS GUIDELINES
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 10 “We Accelerate Growth”
The Decision Support Scorecard is organized by Visionary Innovation & Performance and
Customer Impact (i.e., the overarching categories for all 10 benchmarking criteria; the
definitions for each criteria are provided beneath the scorecard). The research team
confirms the veracity of this weighted scorecard through sensitivity analysis, which
confirms that small changes to the ratings for a specific criterion do not lead to a
significant change in the overall relative rankings of the companies.
The results of this analysis are shown below. To remain unbiased and to protect the
interests of all organizations reviewed, Frost & Sullivan has chosen to refer to the other
key players as Competitor 2 and Competitor 3.
Measurement of 1–10 (1 = poor; 10 = excellent)
Company of the Year
Visionary
Innovation &
Performance
Customer
Impact Average Rating
Support.com 8 10 9.0
Competitor 2 7 9 8.0
Competitor 3 7 8 7.5
Visionary Innovation & Performance
Criterion 1: Addressing Unmet Needs
Requirement: Implementing a robust process to continuously unearth customers’ unmet
or under-served needs, and creating the products or solutions to address them effectively
Criterion 2: Visionary Scenarios Through Mega Trends
Requirement: Incorporating long-range, macro-level scenarios into the innovation
strategy, thereby enabling “first to market” growth opportunities solutions
Criterion 3: Implementation Best Practices
Requirement: Best-in-class strategy implementation characterized by processes, tools, or
activities that generate a consistent and repeatable level of success.
Criterion 4: Blue Ocean Strategy
Requirement: Strategic focus in creating a leadership position in a potentially
“uncontested” market space, manifested by stiff barriers to entry for competitors
Criterion 5: Financial Performance
Requirement: Strong overall business performance in terms of revenues, revenue growth,
operating margin and other key financial metrics
Customer Impact
Criterion 1: Price/Performance Value
Requirement: Products or services offer the best value for the price, compared to similar
offerings in the market
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 11 “We Accelerate Growth”
Criterion 2: Customer Purchase Experience
Requirement: Customers feel like they are buying the most optimal solution that
addresses both their unique needs and their unique constraints
Criterion 3: Customer Ownership Experience
Requirement: Customers are proud to own the company’s product or service, and have a
positive experience throughout the life of the product or service
Criterion 4: Customer Service Experience
Requirement: Customer service is accessible, fast, stress-free, and of high quality
Criterion 5: Brand Equity
Requirement: Customers have a positive view of the brand and exhibit high brand loyalty
Decision Support Matrix
Once all companies have been evaluated according to the Decision Support Scorecard,
analysts can then position the candidates on the matrix shown below, enabling them to
visualize which companies are truly breakthrough and which ones are not yet operating at
best-in-class levels.
High
Low
Low High
Cu
sto
mer I
mp
act
Visionary Innovation & Performance
Support.com
Competitor 2
Competitor 3
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 12 “We Accelerate Growth”
The Intersection between 360-Degree Research and Best
Practices Awards
Research Methodology
Frost & Sullivan’s 360-degree research
methodology represents the analytical
rigor of our research process. It offers a
360-degree-view of industry challenges,
trends, and issues by integrating all 7 of
Frost & Sullivan's research methodologies.
Too often, companies make important
growth decisions based on a narrow
understanding of their environment,
leading to errors of both omission and
commission. Successful growth strategies
are founded on a thorough understanding
of market, technical, economic, financial,
customer, best practices, and demographic
analyses. The integration of these research
disciplines into the 360-degree research
methodology provides an evaluation
platform for benchmarking industry players and for identifying those performing at best-
in-class levels.
360-DEGREE RESEARCH: SEEING ORDER IN
THE CHAOS
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 13 “We Accelerate Growth”
Best Practices Recognition: 10 Steps to Researching, Identifying, and Recognizing Best Practices
Our awards team follows a 10-step process (illustrated below) to evaluate award
candidates and assess their fit with our best practice criteria. The reputation and integrity
of our awards process are based on close adherence to this process.
STEP OBJECTIVE KEY ACTIVITIES OUTPUT
1 Monitor, target, and screen
Identify award recipient candidates from around the globe
Conduct in-depth industry research
Identify emerging sectors Scan multiple geographies
Pipeline of candidates who potentially meet all best-practice criteria
2 Perform 360-degree research
Perform comprehensive, 360-degree research on all candidates in the pipeline
Interview thought leaders and industry practitioners
Assess candidates’ fit with best-practice criteria
Rank all candidates
Matrix positioning all candidates’ performance relative to one another
3
Invite thought leadership in best practices
Perform in-depth examination of all candidates
Confirm best-practice criteria Examine eligibility of all
candidates Identify any information gaps
Detailed profiles of all ranked candidates
4
Initiate research director review
Conduct an unbiased evaluation of all candidate profiles
Brainstorm ranking options Invite multiple perspectives on
candidates’ performance Update candidate profiles
Final prioritization of all eligible candidates and companion best-practice positioning paper
5
Assemble panel of industry experts
Present findings to an expert panel of industry thought leaders
Share findings Strengthen cases for candidate
eligibility Prioritize candidates
Refined list of prioritized award candidates
6
Conduct global industry review
Build consensus on award candidates’ eligibility
Hold global team meeting to review all candidates
Pressure-test fit with criteria Confirm inclusion of all eligible
candidates
Final list of eligible award candidates, representing success stories worldwide
7 Perform quality check
Develop official award consideration materials
Perform final performance benchmarking activities
Write nominations Perform quality review
High-quality, accurate, and creative presentation of nominees’ successes
8
Reconnect with panel of industry experts
Finalize the selection of the best-practice award recipient
Review analysis with panel Build consensus Select winner
Decision on which company performs best against all best-practice criteria
9 Communicate recognition
Inform award recipient of award recognition
Present award to the CEO Inspire the organization for
continued success Celebrate the recipient’s
performance
Announcement of award and plan for how recipient can use the award to enhance the brand
10 Take strategic action
The award recipient may license the award for use in external communication and outreach to stakeholders and customers
Coordinate media outreach Design a marketing plan Assess award’s role in future
strategic planning
Widespread awareness of recipient’s award status among investors, media personnel, and employees
BEST PRACTICES RESEARCH
© Frost & Sullivan 2014 14 “We Accelerate Growth”
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth
and achieve best in class positions in growth, innovation and leadership. The company's
Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined
research and best practice models to drive the generation, evaluation and implementation
of powerful growth strategies. Frost & Sullivan leverages almost 50 years of experience in
partnering with Global 1000 companies, emerging businesses and the investment
community from 31 offices on six continents. To join our Growth Partnership, please visit
http://www.frost.com.