Qualtrics Launches New Solutions to Help Companies Design Digital Experiences that Attract and Retain Loyal Customers

Rhea-AI Summary

Qualtrics (Nasdaq: XM) announced new digital experience solutions aimed at helping B2B and B2C organizations enhance their online offerings. According to the Qualtrics XM Institute, over 75% of consumers have initiated new digital activities due to the pandemic. The solutions focus on Web UX Optimization, E-Commerce Experience Optimization, and Digital Journey Optimization to improve customer interactions and drive growth. The tools leverage experience and behavioral data to understand customer needs, streamline conversion processes, and ultimately foster brand loyalty.

Positive

• Launch of new solutions aimed at enhancing digital customer experiences.
• Over 75% of consumers have embraced new digital activities, indicating market growth potential.
• Solutions designed to increase conversion rates and customer loyalty through targeted feedback.

Negative

• None.

PROVO, Utah and SEATTLE, June 10, 2021 /PRNewswire/ -- Qualtrics (Nasdaq: XM), the world's No. 1 Experience Management (XM) provider and creator of the XM category, today announced new solutions to help B2B and B2C organizations accelerate the pace of innovation across their digital channels. Expanding upon the catalog of digital solutions already released this year, these out-of-the-box solutions enable digital teams to quickly and effectively design and optimize the web and in-app experiences they deliver. These solutions enable companies to combine experience data–direct consumer feedback about their online interactions–and digital analytics, such as page views, to help them increase conversion, attract new and loyal customers, and drive growth through their digital channels.

In a recent study by the Qualtrics XM Institute, more than 75% of 17,000+ global consumers started new digital activities over the past year, such as ordering groceries, taking online courses, or receiving medical advice – and they are not going back. As the pandemic accelerated digital transformation efforts by several years, the challenge organizations now face is understanding the hearts and minds of their customers to deliver digital experiences that keep them happy and engaged. In fact, customers who rate "emotion" highly as part of their overall experience are at least 35% more likely to make repeat purchases, and recommend and trust the brand.

Learn more about creating impactful digital experiences. 

"As the volume of digital transactions increases, the competition for loyal consumers has never been higher," said Jay Choi, Chief Product Officer at Qualtrics. "Organizations need to design both memorable, personalized experiences that consumers want, based on a 360 view of their feedback and behaviors in order to build lasting customer and brand loyalty."

Qualtrics is delivering the following new solutions to help companies understand consumer needs and preferences across their digital platforms, and enable them to quickly act on that experience data to increase conversion rates and grow their businesses:

Web UX Optimization and In-App Experience Optimization help companies design seamless web, mobile, and in-app experiences that help customers quickly and efficiently accomplish their goals, such as subscribing or finding a support page, in order to drive consistent usage, adoption, and revenue. These solutions automatically identify the web and app design or UX elements that are underperforming or causing visitors frustration, such as site layout and browsing capabilities, and enable companies to trigger intelligent workflows that are automatically routed to the right teams to resolve. These solutions also have built-in benchmarks so companies can compare their own performance on digital KPIs, such as CSAT or likelihood to return, to their industry peers.

E-Commerce Experience Optimization helps companies increase online revenue by optimizing the discovery and purchasing process for customers. The solution uses customer feedback and behavioral signals to quickly identify visitors' pain points in their purchasing journey, such as shipping costs or forced account creation, that are contributing to lower conversion rates. It also enables e-commerce teams to embed feedback tools across their site to measure the effectiveness of their content, such as product descriptions or return and exchange policies, to better help visitors achieve their goals without needing to contact customer service.

Digital Journey Optimization enables companies to personalize interactions along the customer journey, such as new account sign-ups or checkout, to increase conversion rates. This solution leverages the Qualtrics XM Directory, the largest experience data database with over 4 billion unique profiles, to surface insights based on feedback from any customer segment, such as high-value or possible churn customers. These profiles contain individual preferences that enable companies to set up web and in-app feedback mechanisms tailored to these segments across multiple touchpoints, delivered in the way their customers expect. As a result, companies more deeply understand each customer's unique behavior and can quickly take action. 

Qualtrics integrates with a number of leading digital platforms, including Contentsquare, FullStory, Quantum Metric, and more, to help companies improve their web and mobile experiences through the user's perspective. These integrations enable companies to replay a visitor's web or mobile session, such as making a purchase, to pinpoint why visitors failed to convert at certain touchpoints. Combined with customer feedback from Qualtrics and behavioral signals, such as rage clicking, companies can immediately understand why visitors churned, quantify the impact that the churn has on their digital revenue, and take action immediately to improve the experience within their existing CRM systems.

"As we enhance our digital footprint, our priority is customer obsession," said Kevin T. McAuliffe, VP of Digital Transformation and Delivery at Travel + Leisure Co., a joint customer of Qualtrics and FullStory. "We need to understand how our customers use what we are building and how they actually consume a digital experience. Digital analytics allow us to understand perception and behavior together so we have our eyes wide open about the customer journey and can make the best decisions about where to spend effort and capital."

Additional Information:

• For more details, read this blog post or visit our website.
• Learn more about our integrations with Contentsquare, FullStory, or Quantum Metric.

About Qualtrics 
Qualtrics, the world's No. 1 Experience Management (XM) provider and creator of the XM category, is changing the way organizations manage and improve the four core experiences of business––customer, employee, product, and brand. Over 13,500 organizations around the world are using Qualtrics to listen, understand, and take action on experience data (X-data™)––the beliefs, emotions, and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform™ is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love, and build a brand people are passionate about. To learn more, please visit qualtrics.com.

Contact: press@qualtrics.com

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SOURCE Qualtrics

FAQ

What new solutions did Qualtrics launch on June 10, 2021?

Qualtrics launched new solutions for web UX optimization, e-commerce experience optimization, and digital journey optimization to enhance digital experiences.

How does Qualtrics' new offering support businesses?

The solutions help businesses increase conversion rates, understand customer feedback, and optimize digital touchpoints.

What percentage of consumers started new digital activities according to Qualtrics?

More than 75% of consumers have started new digital activities as reported by Qualtrics.

What is the purpose of the Digital Journey Optimization solution?

Digital Journey Optimization personalizes customer interactions to improve conversion rates and user experience.