Hear from loan, gaming, automobile, and travel leaders in Europe about the CX challenges and opportunities in their respective industries.
The digital revolution has fundamentally reshaped the customer journey, making it imperative for businesses to adapt and innovate continuously. Europe is uniquely positioned to excel in CX, with the EU’s pioneering AI Act setting a global standard for responsible CX. This framework can transform Europe’s AI landscape, establishing a precedent for innovation and customer-centricity worldwide.
Different industries face unique challenges when it comes to CX. While much of the discourse focuses broadly on CX challenges, it is crucial to dissect these challenges by industry to uncover specific priorities that shape their strategies.
Ultimately, a tailored focus on CX allows industries to turn specific challenges into opportunities for growth and innovation. By leveraging technological advancements and adopting a customer-centric mindset, businesses can set new standards of excellence and achieve long-term success in an increasingly digital world.
We spoke to four European industry leaders to uncover the most significant challenges and opportunities within their respective sectors.
Loan Industry
Driving the shift towards a more digital customer experience is one of the greatest opportunities here.
“The primary challenge in this market revolves around the digitisation of processes. While digitisation is the key to automation and progress, customer preferences and regulatory environments in Germany lag behind other countries in terms of digital adoption. This creates a complex landscape where we must optimise the customer journey for online, offline, and hybrid types of customers simultaneously.”
— Markus Schruth, Chief Customer Officer at smava
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Travel Industry
Achieving a truly seamless customer journey while maintaining profitability is a significant challenge.
“True seamlessness requires personalisation, a robust data strategy, and cost-effective mass customisation. By mass customisation, I mean providing individualised communication at scale. However, this challenge also presents an opportunity. Technology has never been better equipped to enhance customer experience. As our customers increasingly adopt digital solutions, meeting their expectations becomes crucial. The art is to be present as a brand where there is problem that cannot be solved remotely.”
— Joerg Malang, SVP Customer Experience & Omnichannel at Detouristik
Gaming Industry
Delivering localised customer experience is both a challenge and an opportunity.
“The biggest challenge and opportunity in our industry is delivering exceptional, localised customer experiences while competing with local providers who have inherent advantages in language and cultural understanding. By focusing on adapting the communication style for each market, brands can compete effectively on a global scale. This approach can be key to growth and success in diverse markets.”
— Giulio Castiglioni, Customer Care Director at Playtomic
Automobile Industry
Customer satisfaction is pivotal.
“Brands must find the best way to evaluate customer satisfaction vs. automotive business mutation such as e-mobility, online sales, etc.”
— Thierry Dewambrechies, Director Customer Experience at Stellantis Germany
Catch up with these European industry leaders at the CX NXT Summit in Berlin on October 23. For details, visit here.