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Qualtrics, symbol XM, is a rapidly growing software-as-a-service company best known as the provider of the world’s leading insight platform. Over 8,000 enterprises globally, including half of the Fortune 100 and 99 of the top 100 business schools, rely on Qualtrics technology to capture valuable insights from customers, employees, and the market all in one place. These insights enable businesses to make informed, data-driven decisions.
Qualtrics offers a comprehensive suite to collect, analyze, and act on feedback, facilitating various applications such as customer satisfaction, employee engagement, 360-degree reviews, brand management, market research, and product concepts. The company’s clientele spans global enterprises, academic institutions, and government agencies.
Recent achievements include a partnership with Oculi Data to offer national benchmarking and reporting on nursing care metrics. This collaboration aims to enhance patient and nurse satisfaction by providing healthcare organizations with detailed data to support their Magnet Journey® and other quality improvement initiatives. The integration of Qualtrics’ patient and nurse satisfaction data with Oculi Data’s clinical metrics allows for a holistic approach to nursing excellence.
Qualtrics is also renowned for its flagship event, X4: The Experience Management Summit, which will return to Salt Lake City in May 2024. This event gathers over 10,000 professionals from various industries to discuss the latest trends and AI-powered innovations in experience management. Attendees have the opportunity to learn from industry leaders and gain insights into how experience management can make businesses more human.
Financially, Qualtrics is solid, backed by a vast universe of experience data forming the largest database of human sentiment in the world. The company operates from its co-headquarters in Provo, Utah, and Seattle, with 28 offices globally. The advanced AI technologies employed by Qualtrics help organizations listen, understand, and act on customer and employee feedback efficiently, ensuring secure data collection and analysis through HITRUST certification and FEDRAMP compliance.
Qualtrics has launched the Government Web Experience solution aimed at improving customer engagement for federal, state, and local government organizations. The solution addresses the challenges users face in accessing government services, helping agencies optimize web performance, content, and design. Over 100 organizations have already adopted this tool, which includes expert-built questions and dashboards for feedback. The initiative aligns with federal efforts to enhance service delivery and public trust.
Qualtrics' recent report highlights a significant shift in job seekers' priorities, emphasizing flexibility as a top consideration, now among the top three factors influencing job decisions, alongside compensation and role fit. This change is attributed to the pandemic's impact on work preferences, making flexibility a vital expectation. The report, based on a survey of 3,364 US respondents, reveals that compensation constitutes 25.2% of decision-making, while flexibility accounts for 15.2%, particularly valued by women and primary caregivers.
Qualtrics (NASDAQ: XM) will announce its third-quarter 2022 financial results on October 24, 2022, after market close. A conference call is scheduled for 3 p.m. MDT where the investment community can discuss the results. The live webcast will be accessible on the Qualtrics Investor Relations website.
Qualtrics leads the experience management sector, helping organizations manage customer, employee, product, and brand experiences. They serve over 16,750 organizations worldwide.
Qualtrics (NASDAQ: XM) has unveiled new innovations aimed at enhancing contact center productivity and customer support. The Real-Time Agent Assist utilizes AI to provide coaching and recommendations during calls, while Automated Call Summaries streamline post-call work by generating instant summaries. These solutions target agent burnout and attrition, addressing the challenge that 38% of agents feel unsupported. By improving efficiency and reducing operational costs, Qualtrics aims to enhance customer satisfaction amidst rising labor costs.
New research from Qualtrics (NASDAQ: XM) reveals that 43% of managers and 41% of senior leaders feel increased pressure to produce results compared to last year. Additionally, 43% of managers report feeling pressured to be visible to leadership, while nearly half of Gen Z workers express similar stresses. The study points to a growing trend of managerial burnout, with 28% of managers considering job changes in the next six months. Conducted in August 2022, the survey highlights the urgent need for companies to support their managerial staff during these challenging times.
Qualtrics (NASDAQ: XM) introduces Video Feedback, a tool that allows organizations to gather and analyze qualitative customer feedback using video. This innovation leverages machine learning to analyze both verbal and non-verbal cues, enabling organizations to gain deeper insights into consumer emotions and sentiments. Video Feedback is designed to speed up decision-making processes and is built into the Qualtrics XM Platform.
Currently in use by nearly 50 organizations, it will be generally available by the end of October.
Qualtrics (NASDAQ: XM) will host its XM Innovation 2022 event on October 26 at 10 am PT. The digital experience will showcase new product innovations aimed at enhancing connections with customers and employees. Notable speaker Malcolm Gladwell will engage in discussions about deep listening, featuring insights from Adidas on using the XM platform for employee experience improvement. The event emphasizes the importance of understanding customer needs and responding with empathy to create meaningful business outcomes.
Qualtrics (Nasdaq: XM) has introduced new XM Benchmarks to help organizations leverage vast experience data for improved decision-making. These benchmarks, derived from feedback of nearly 17,000 customers globally, allow companies to assess their performance against peers in aspects such as customer satisfaction and employee engagement. Significant findings reveal a decline in employee satisfaction regarding pay and benefits, potentially impacting retention. Qualtrics aims to empower organizations with tools to identify performance gaps and enhance experiences in challenging market conditions.
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