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Less Is More: Half of Today’s Enterprises Have Reduced Their CX Footprint in the Past Year
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
TELUS International survey highlights a trend where 50% of enterprises now rely on a single customer experience (CX) provider, with 51% utilizing this model in the past year. The survey conducted by Ryan Strategic Advisory revealed a significant shift in consolidating CX partners, up from 27% five years ago. Additionally, 40% of executives would switch providers if comprehensive digital services are unavailable. This trend reflects a demand for more complex, end-to-end solutions due to evolving market needs and digital adoption accelerated by the pandemic.
Positive
50% of enterprises consolidated to a single CX provider, indicating stronger client relationships.
65% of respondents receive multiple services from one provider, showcasing trust in automation and AI solutions.
A significant demand for complex digital services, highlighting TELUS International's service capabilities.
Negative
None.
New TELUS International survey results indicate that half of enterprises are using a single CX delivery partner to achieve all their customer experience goals
VANCOUVER, British Columbia--(BUSINESS WIRE)--
Research commissioned byTELUS International (NYSE and TSX: TIXT), a digital customer experience (CX) innovator that designs, builds and delivers next-generation solutions for global and disruptive brands, found that half of enterprises have reduced their CX provider footprint over the last 12 months, with 51% using a single provider and 44% engaged with only two to three providers.
The survey1, conducted by BPO consultancy firm, Ryan Strategic Advisory on behalf of TELUS International, revealed a significant trend in enterprises consolidating CX providers over the past five years. While only 27% of enterprises were in the process of reducing the number of providers they worked with five years ago, that percentage jumped to 44% two years ago, and has roughly doubled from five years ago to 50% over the past 12 months.
“The global survey results indicate that many companies are no longer looking to diversify their CX partner footprint, rather they are looking to form a trusted partnership with far fewer, or even just a single provider that has the breadth and scope of experience and solutions to offer end-to-end services that span across the full customer experience value chain,” said Peter Ryan, Principal Analyst at Ryan Strategic Advisory. “This could be indicative of the wide range of challenges today’s enterprises are facing, from significant world events such as the pandemic exponentially accelerating consumers’ digital adoption, to having increasingly limited internal resources to manage multiple external CX partners, to not having the in-house digital expertise needed to design, build and deliver today’s more complex digital CX solutions and services.”
Enterprises Want More Complex, End-to-End CX Services
The global enterprise executives surveyed indicated that 40% would leave a CX provider if they were unable to provide all of the complex digital CX services they needed. Presently, 65% responded that they receive two or more services from a single CX partner versus 35% who only receive one service, and 58% of respondents indicated that this number has increased since the start of the pandemic. Respondents indicated they have engaged a single CX partner for complex services such as artificial intelligence (67%), digital IT (68%), content moderation (72%) and digital CX (77%).
“In many cases, we’re seeing enterprises rethinking their existing CX partnerships to form fewer, stronger, trusted relationships that encompass the full spectrum of capabilities and expertise to implement, evolve and scale their end-to-end CX strategy, including the provision of more complex services, such as content moderation and AI solutions,” said Maria Pardee, chief commercial officer, TELUS International. “Our new economy services portfolio ensures that we are able to support our clients’ growth ambitions over the long-term, providing them with the services and solutions they need to be able to keep up with market trends and consumer behavior, which indicate a need for more smart products as well as more personalized, frictionless and anticipatory brand and customer experiences.”
Visit our website to see all of TELUS International’s exclusive insights from the Ryan Strategic Advisory 2022 Front Office CX Omnibus Survey.
About TELUS International TELUS International (NYSE & TSX: TIXT) designs, builds and delivers next-generation digital solutions to enhance the customer experience (CX) for global and disruptive brands. The company’s services support the full lifecycle of its clients’ digital transformation journeys, enabling them to more quickly embrace next-generation digital technologies to deliver better business outcomes. TELUS International’s integrated solutions span digital strategy, innovation, consulting and design, IT lifecycle including managed solutions, intelligent automation and end-to-end AI data solutions including computer vision capabilities, as well as omnichannel CX and trust and safety solutions including content moderation. Fueling all stages of company growth, TELUS International partners with brands across high growth industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and travel and hospitality.
TELUS International’s unique caring culture promotes diversity and inclusivity through its policies, team member resource groups and workshops, and equal employment opportunity hiring practices across the regions where it operates. Since 2007, the company has positively impacted the lives of more than one million citizens around the world, building stronger communities and helping those in need through large-scale volunteer events and charitable giving. Five TELUS International Community Boards have provided $4.7 million in funding to grassroots charitable organizations since 2011. Learn more at: telusinternational.com.
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1Survey overview
This survey sounded the views of 668 enterprise executives, each of whom has strategic decision-making authority over contact centers in their respective organizations. Feedback came from the U.S. (20%), the UK (15%), Germany (15%), France (13%), Canada (10%), Spain (10%), Italy (10%) and Australia (8%). Interviews were conducted over the telephone during Q1 2022. Vertical markets in the sample base included: cybersecurity, green enterprises, retail banking, insurance, healthcare, government, retail, gaming, e-commerce, technology, fintech, travel/hospitality/leisure, telco, born-digital, media and utilities. The revenue mix for respondents ranged from between $10 million to over $5 billion (USD).
