article thumbnail

Redefining Customer Feedback: Embracing Comprehensive Metrics for Accurate Sentiment Analysis

ECXO

Redefining Customer Feedback: Embracing Comprehensive Metrics for Accurate Sentiment Analysis Introduction The Net Promoter Score (NPS) has long been a widely used metric for assessing customer loyalty, satisfaction, and the potential for customer churn as a relationship and transactional metric.

Metrics 363
article thumbnail

Voice of Customer Analysis to Improve Customer Loyalty and Retention

InMoment XI

Voice of Customer analysis is a useful system for accomplishing this goal. What Is Voice of Customer Analysis? Voice of Customer analysis enables you to capture these key insights for customer satisfaction and retention. For example, this analysis can reveal why a customer canceled their subscription to your service.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CX 101: What Is a Cluster Analysis? 

InMoment XI

In data analysis terms, this can be a real advantage, giving us clear, definite numbers on which to base future decisions. Cluster analysis is an answer to this problem. With cluster analysis, data analysts can construct data groups (or clusters ) based on a range of similarities and differences. What Is Cluster Analysis?

Analysis 397
article thumbnail

What Is Sentiment Analysis? Definition, Types, Importance, and More

InMoment XI

This is where sentiment analysis comes into play. What Is Sentiment Analysis? Sentiment analysis is a term that describes the tools and strategies designed to help organizations extract unspoken meaning and emotion from text. How Does Sentiment Analysis Work?

Analysis 370
article thumbnail

The 2023 Customer Experience Management Value Index

In the complex ecosystem of CX tools developed for disparate use cases, metrics, and processes, Verint ranked as Exemplary through thorough analysis of product and customer experience in the Index. Verint is named an Exemplary Leader in the 2023 Customer Experience Management Value Index by Ventana Research.

article thumbnail

What is Voice of the Customer? [+ how to get data analysis]?

Lumoa

From qualitative to quantitative information, actively soliciting feedback to passively analyzing user behavior, text analysis to interviews, VoC data collection can run the gamut. Most companies today use metrics like NPS, CSAT, and online ratings to gauge customer satisfaction, but they struggle to understand what drives these numbers.

Analysis 396
article thumbnail

What is the Role of AI in Customer Feedback Analysis?

Lumoa

But it is no longer a challenge, thanks to modern technologies like martech tools and back-office solution software and the use of artificial intelligence (AI) in customer feedback analysis. Let’s talk a bit more about how the use of AI tools transforms customer feedback analysis in the next part of this blog.

Analysis 195