Social CRM: Strategies and Trends
Monday, March 19th, 2012
In a recent whitepaper entitled “Social Media Services: Trends in Customer Care Outsourcing”, International Data Corporation (IDC), a leader in market intelligence for telecom and information technology, looked at some of the key trends and differentiators in Social CRM.
A key point in the study is that Social CRM is still very new ground. Making an investment now allows organizations to “get in on the ground floor” and lay the framework to support additional channels as they evolve, and to be part of the creation of the best practices for what works in the social sphere. As the technology evolves, it’s likely that social will cease to be an “add-on” or optional support channel and much more likely that it will become standard to CRM implementations due to customer expectations. (This evolution may happen faster than you think: per a recent story on MediaBistro, 71% of 16-24 year olds indicate the first thing they do when they have a problem with a product is go online, and the shift to social channels is not exclusive to that demographic. ) The overarching goal is to create a single, unified view of the customer. This way, appropriate social media interaction with the customer can be conducted with the appropriate history and context.
Some of the key differentiators of social CRM that will require your business to put new best practices into place are:
- Channels are now customer-dictated. While voice-based call centers offer only inbound and/or outbound IVR customer service, consumers will chatter on social networks of their choice, at whatever time they see fit. Your strategy and technology for monitoring and responding via these channels will necessarily evolve. Technologically, the biggest challenge will be combining all of these communication channels to maintain a single view of the customer, so that social interactions can be tailored to the individual with the same history and context as a voice interaction where an agent has the benefit of a screenpop with all the relevant information.
- Conversations are continuously adapting, and non-scripted. When issues are escalated from automated systems, call center agents still can often work off of a script while social conversations are more likely to go into tangents and often have a different set of rules of (n)etiquette. Agents may need special training, particularly if they are not digital natives.
- New metrics are important. Because of the visibility of social channels, there is now significant transparency into the sentiment about your brand. Appropriate analytics will need to be implemented to separate the signal from the noise and evaluate not just sentiment, but also efficiency, effectiveness and return on investment for your efforts. Reporting tools and dashboards can assist subject matter experts and other stakeholders in assessing this data.
- Timeliness is critical. Much like how channels are customer-dictated, many businesses – particularly large ones – will find there is a 24/7 expectation of rapid responses via the social channel.
Once these core competencies are understood, they are used to enable the three critical activities in the social space: listening, understanding and responding. Each phase incorporates different elements of the aforementioned core competencies. Listening requires appropriate tools and analytics; understanding requires sentiment analysis and the ability to put feedback into context; responding requires accuracy and timeliness.
At Voxeo, our Prophecy and VoiceObjects platforms let you create a social CRM tailored specifically to your business, and provide unified self-service across channels so that you can reach customers in the way they want to be reached, whether it’s via SMS, social media, mobile apps or voice. To learn more about the ways in which consumer expectations are evolving in the social and mobile space and how your business should be responding, check out our whitepaper, “Unified Self-Service: Delivering On the Value Of Multi-Channel Customer Interactions.”
Want to learn how Voxeo can help unlock your communications and deliver a better customer experience? Please contact us!
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