How will AI impact your organization?

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The news about artificial intelligence has been coming fast and furious over the past six months.  The list of things AI can do is reason for excitement as well as some worry.  But either way, it’s coming.  Organizations that learn how to utilize AI will benefit, but those who don’t risk falling behind.

  • Shameless plug: I’m offering a 60-minute webinar, “Intro to AI for Business” and a full-day workshop, “How Your Company Can Benefit from AI.”  Details at the end of this email.

How can organizations benefit from AI?

  • Encourage employees to familiarize themselves with AI.  Learn the basics of what AI is and how it works.  Use AI chat bots such as Chat GPT and Bard.  Find out what platforms are offering AI-powered services for your industry and get demos.
  • One caveat to the above: have a policy about acceptable ways for employees to use AI, and in particular, what data may and may not be shared on an AI platform.  Be aware of data confidentiality considerations – these differ by platform.  For example, information shared with ChatGPT is used to train it further.  However, OpenAI announced it will soon launch ChatGPT Business which will enable organizations to keep their data confidential.
  • Customer experience: the fact that AI can analyze vast amounts of data with ease can provide opportunities for organizations to serve their customers faster, better or in a more customized fashion.  For example, could your organization use AI to handle customer questions more quickly?   Or anticipate their needs with tailored recommendations? 
  • Innovation: organizations can use AI to analyze the behavior and needs of customers and prospects and come up with new products and services.
  • Marketing: AI can help organizations target their marketing more effectively, as well as help reduce the time needed to create marketing materials.
  • Productivity: AI sharply decreases the time to accomplish knowledge work tasks.  This raises concerns about layoffs, but the benefit could also be used to increase productivity and to enable employees to have the work-life balance so many organizations say they aspire to.

Of course, the above is just a partial list, and each organization will have their own specific opportunities and challenges when it comes to AI.  I’m here to help with the following options:

  • Intro to AI for Business: 60-minute webinar that explains what AI is and how organizations can benefit from AI, as well potential pitfalls to be aware of.  Includes time for Q&A.
  • How Your Company Can Benefit from AI: A full-day, in-person facilitated workshop to brainstorm ways your organization can best utilize AI, including a review of the relevant AI-powered platforms currently available.

Email me at info at bureauwest.com and let’s discuss how I can help!

Sources: Bureau West research; “OpenAI previews business plan for ChatGPT, launches new privacy controls,” TechCrunch, 4/25/23

Customer experience – the secret to success

We are currently conducting research on the topic of luxury travel and have been asking people about what elevates an experience to the level of luxury.  I’ve been struck by the fact that their answers can all be boiled down to one thing: superior customer experience.

But here’s the “secret:” providing superior customer experience isn’t limited to the luxury category; mainstream companies can do it, too!  To do so, many companies need to shift their focus.  Rather than just focusing on getting good scores in customer experience surveys, they need to look beyond that and figure out how to improve the customer experience. 

https://www.stockvault.net/photo/254886/customer-satisfaction-survey

Let me give you an example: our website and email stopped working recently, so I called our web host’s tech support.  It turned out there was a technical issue, and they didn’t know when it would be fixed.  Afterward, I received a customer experience survey asking me about the rep I talked to.  She was polite and pleasant, so I gave a rating of five out of five.  The technical problem certainly wasn’t her fault.  But does that mean I was happy?  No!  One thing that would have made me happier: if I could have found the information about the technical problem on the host’s website, rather than having to make a call.  Or imagine if the rep had told me that she would move our website to a different server, so that we could be back up and running immediately.  I don’t know if that’s technically feasible, but if it were, I would have been ecstatic and would have told everyone I know!  But I wasn’t asked about what could be improved.

Our luxury travel research provides some clues about where companies can look when it comes to improving the customer experience:

  • People love personalization.  A guest at the Ritz in Bali received specific flowers in her room with a note saying the staff saw her admiring the flowers in the lobby.  While mainstream companies don’t have the staffing for that level of personalization, they can use digital tools to keep track of customer preferences.  Or it can be even simpler: United Airlines flight attendants recognize passengers in Premium Economy by name.  Customers are surprised and gratified (since that usually only happens in business class), but it’s relatively simple for flight attendants to do, since they have passenger names on the manifest.
  • People hate waiting.  Luxury providers find ways to change the experience of waiting.  For example, a cruise provider might take passengers’ registration information while they’re waiting to check in, or a restaurant might provide drinks and hors d’oeuvres while diners wait for their table.  Mainstream companies can look for ways to occupy customers while they wait… and may even discover additional selling opportunities!
  • People want their problems solved.  High-end providers empower their employees to fix customers’ problems.  The Ritz Carlton is known for allowing employees to spend up to $2,000 to solve a customer’s problem without manager approval (note: they rarely spend that much).  While mainstream companies usually can’t spend that kind of money, they can empower employees to solve problems and make exceptions to rules when appropriate.

We encourage our clients to go beyond asking their customers to score their customer experience and instead research the experience itself and look for opportunities to make customers happier.  Email me at info at bureauwest.com and let’s discuss how to do that!

Sources: “Treat Them Like Royalty: Customer Experience Lessons From Luxury Brands,” Forbes, 4/12/22; Bureau West research