- The Kantar CX+ report evaluates the CX performance of companies in the Telecom, Media and Technology sectors, using Kantar's CX+ index.
- CX+ It uses customer centricity as its core to evaluate CX performance of a company.
- On the index of customer centricity and experience delivered by media streaming platforms, Netflix India emerged at the top, beating Amazon Prime.
- Netflix is seen as being 1.6x times more customer centric than those at the lower end of the index and has 1.8x higher engagement levels.
However, a few companies in our country have made an exception. Netflix has emerged on the top of Kantar’s CX+ Media Streaming Platforms list, followed by Amazon Prime. Netflix India is seen as being 1.6x times more customer centric than those at the lower end of the index and has 1.8x higher engagement levels.
In the telecom category, Jio and Airtel took the first spot.
The TMT study covered Telecom Network Providers, Media Streaming Platforms and Handheld Devices.
Kantar CX+ 2020: Leaders in the TMT sector in India
|Category: Media Streaming Platforms|
|Special mention||Audio streaming providers – Figuring among the top 10 – Amazon Music, Spotify and Apple Music|
|Category: Telecom Network Providers|
|1st||Jio & Airtel tie for the First place|
|Category: Handheld Devices|
|3rd||OnePlus & Samsung tie for the Third place|
|Category: Satellite Service Provider|
The new CX+ TMT report released by Kantar today evaluates companies in the sector based on a unique combination of their experience scores, on dimensions that are critical to the customer’s journey.
The basic premise of CX+ is that brand and customer experience have become synonymous, in this increasingly connected environment. Thus, the roadmap to delivering a holistic experience is based on 5 key CX success factors:
- Clarity of brand promise
- Empowered employees
- Empowered customers
- Creating lasting memories
- Reinforcement of brand choice
Commenting on the launch of the CX+ TMT report findings, Sushmita Balasubramaniam, Domain Lead for CX and Commerce - South Asia, Insights Division, Kantar said: “The landscape across the TMT sectors has changed drastically over the last one year. Consumers’ adoption of and dependence on digital, whether for basic everyday living, working, studying or entertainment has presented enormous challenges to companies in these sectors. And, the changes in usage of products and services will also mean that customer priorities on the kind of experience they are seeking will be different from the pre-COVID era.”
Our CX+ study reveals that for many companies across these sectors, there is a large gap between the brand promise and customer experience. The companies who emerge as leaders are those who have delivered a superior customer experience that is matched with a strong brand promise thus giving them a distinctive ‘Experience Advantage’ over competition.
In the current scenario, there are some things which, with time may go back to the way they were, but many things will not. It is critical for companies to recognize and understand what customer expectations and priorities are going to be in the coming future. And, brands that will succeed are those who will adapt and innovate to cater to these new emotions and behaviors. We have evidence that putting customer centricity at the core can protect brands from major economic disruptions.
This is the most opportune time for companies in the tech sector to review their strategies and take the current challenges head on. The customer is in a mood to explore and experiment.
Soumya Mohanty, Chief Client Officer, South Asia, Insights Division, Kantar, said “In the current scenario, with tech convergence and emerging global media giants, the world will see vigorous competition in the TMT sector. This is an arena where tech credentials will become increasingly hygiene, CX will be critical. As network services providers, handheld device brands and streaming media providers, all will leverage customer data to build personalised journeys, CX and owning the relationship with the end user will become increasingly important.”
Some key findings that underline the clear benefits of delivering strong customer experience – in the three TMT sectors:
Telecom/ network providers:
- Brands that lead in the CX+ Index have 1.5x higher engagement levels than those at the lower end of the index.
- The likelihood of their customers remaining loyal to them increases by 1.5x. While the likelihood of their customers recommending them increases by 1.6x
- Delivering on basics is critical for a telecom provider – price benefits, at the same time delivering on basics of connectivity and customer support.
- The leader brand is seen as being 1.6x times more customer centric than those at the lower end of the index.
- The leader has 1.8x higher engagement levels
- Retailers that lead in the CX+ Index are 1.7x more likely to be recommended than those at the lower end of the index.
- The likelihood of their customers remaining loyal to them increases by 1.8x
- Even for a newer category like streaming platforms, basic CX attributes emerge as top drivers of CX - ease of getting in touch, value for money, customer centricity and download / buffering speed
- The leader has 1.8x higher engagement levels than those at the lower end of the index.
- Retailers that lead in the CX+ Index are 1.9x more likely to be recommended
- The likelihood of their customers remaining loyal to them increases by 1.7x
- Interestingly, experience in branded stores at the time of purchase, delivery of brand promise and being customer centric are more important drivers of CX than functional aspects relating to the product themselves.