11/15/2022 | Press release | Distributed by Public on 11/14/2022 17:14
In today's omnichannel marketplace, customers have a lot of choice about what they buy, and how to buy it.
Customer journey analytics helps brands tap in to that digital omnichannel experience, and provide valuable insight into what drives customer behavior, and what motivates brand loyalty over time.
In today's age of automation, customers interact with hospitality brands through a wide combination of channels - from mobile ordering apps to drive thru windows to self-ordering kiosks. Customer journey analytics is the process of merging the data collected across all of these touchpoints to track, understand, and improve the customer experience at every point of service.
Think of customer mapping as a blueprint for what you predict customers will do when they interact with your brand. Journey analytics, however, uncover the real-time data and outcomes after each interaction.
Customer Mapping | Journey Analytics |
Developed before an interaction | Developed after an interaction |
Based on ideal projections | Based on real data |
Cannot uncover customer pain points | Identifies areas of weakness that need improvement |
"Customer analytics tell us a story through data - from a customer's very first interaction with your brand, through to an entire customer lifetime value. The best way to understand a customer's true thoughts is in their purchasing decisions - what they buy, when they buy it, and whether they buy it again in the future," says TASK President of North America, John Laporte.
By collecting these insights, QSRs can create better a better customer experience - which in turn will lead to higher sales, increased engagement, and more revenue.
You can create better prediction and personalization using artificial intelligence or machine learning in addition to traditional customer behavior models.
The key to an effective customer analytics program is being able to integrate all the data from your range of customer-facing channels into a singular platform. Using a high-level POS system enables QSR managers to see orders, payments, refund requests, and the rate of abandoned carts across all digital touchpoints in real-time.
Customer journey analytics enables you to understand the entire customer journey, and why your guests make the decisions they do. In fact, this insight can help brands increase digital activity by over 25%.
Gathering conversion rates, for example, can demonstrate what marketing tactics are working, or which items seem to attract which customers. You're also able to easily track what channel is most effective at any given time - whether that's your mobile app, your presence on third-party delivery apps, or in-store locations.
A singular, centralized digital system automates the process of matching and merging data from different platforms. This ultimately saves time and ensures complete, accurate database management.
Customer journey analytics help managers identify key behaviors and ordering preferences that emerge over time across different channels.
Let's say your data shows far more customers purchase add-ons and sides when they place an order from your mobile app, compared to any other touchpoint. This may signal that your last-minute "Would you like that with fries?" window is working well, and could be implemented more effectively across other ordering channels.
The benefits of investing in your customer journey extend beyond marketing strategies. They can also help streamline your operations behind-the-scenes. Data can identify where front-of-house staff often make mistakes, making it easy and straightforward to implement change where it's needed.
Customer journey analytics give businesses an accurate, genuine understanding of what their customers are experiencing, and what is most likely to motivate a repeat purchase.
Leveraging customer journey analytics allows QSRs to pinpoint customers' most impressionable moments in their journey - and develop personalized messages at those crucial times to keep them engaged.
Here are the top ways in which investing in customer journey analytics tools can help boost your business and drive forward better guest experiences.
Your customer journey analytics allows you to visually compare your predicted customer map against real performance metrics to identify customer retention rates, and the effectiveness of your marketing tactics.
Staying ahead in today's market requires QSRs to drive forward a customer-centric approach. Better insight means you can solve problems quicker, and keep customers coming back for more.
Understanding your customer journey also allows brands to build data-driven, effective targeted marketing campaigns - which has been proven to significantly increase customer satisfaction.
While quantifying ROI is still considered the hardest challenge when it comes to experience management, customer journey analytics software is an essential starting point if you want to improve your business outcomes. Accurate data tools give businesses better opportunities to tailor marketing efforts in real time.
Customer journey analytics seamlessly incorporate back-end staff management, including centralized access to historical data around collaboration and productivity.
Today's data-driven world encourages smarter, context-aware interactions between customers and brands.
As John says, "Driving omnichannel consistency and personalization are crucial for hospitality brands - and it's only possible to effectively keep up if you have the tech to support seamless platform integration."
A digital transaction management platform streamlines business operations for hospitality businesses, saving money and time.
Top performing brands around the world consistently rank customer journey analytics as their highest or second-highest CX-related investment priority. Here's how you can start getting more from your digital tools, and drive forward meaningful improvement in your QSR business: