Posts tagged: Customer Experience

Highlights from DSF18: The DOCUMENT Strategy Forum

David Stabel
 Jun 12, 2018

Celebrating its 10th year, the 2018 DOCUMENT Strategy Forum (DSF18) was held last month (May 21 – 23) in downtown Boston, MA. This peer-driven, peer-reviewed, and peer-produced conference is designed to educate professionals on how to deliver and manage customer communications, customer engagement, and information management. As was the case in previous years, the 2018 event offered a wide array of educational sessions, executive round tables, panels, and inspiring keynotes. Visitors had plenty of opportunities to network with industry peers or any of the 44 exhibitors in attendance.

This year’s opening keynote speech was given by Ian Khan, a world-renowned speaker and author. During his keynote entitled “Tomorrow 4.0: Are You Ready for the Fourth Industrial Revolution?”, he asserted that man and machine are coming together in new and unprecedented ways in today’s era of digital disruption.

Industrial revolutions are momentous events, and many experts believe that only a few have occurred to date. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The second took place prior to World War I with the harnessing of electricity and mass production. The third occurred when technology shifted from analog electronic and mechanical devices to digital technologies and computers. A number of industry strategists now believe that we have entered the fourth revolution, which builds on the third revolution. It is driven by interconnected digital technologies and has been marked by technological breakthroughs in a number of fields.

During his keynote speech, Khan hinted that we might actually be on the cusp of a fifth Industrial Revolution, which is all about Artificial Intelligence (AI). He believes that many of today’s emerging technologies will impact industries more profoundly in the very near future than they have in the past 500 years.

Timur Kalimov, Vice President of Products and Services at HyperScience, expanded on Khan’s keynote by talking about the claims that vendors make about AI. When it comes to Artificial Intelligence, Kalimov suggests being skeptical of vendors that fall into the following categories:

  • “Singularity” vendors basically claim that their AI solutions can handle everything in terms of performing machine learning. For machine learning to work well, though, the AI solution must develop a painstaking understanding of the specific business problems that the company is working to address. Unfortunately, none of today’s AI solutions have been able to master this capability.
  • “Trainer” vendors promise to deliver a working product after the business has provided its customer data. The challenge is that this data will not usually have been collected with machine learning in mind, and it will often be subject to strict security and privacy constraints. Furthermore, since machine learning is  uncertain by its very nature, it is impossible to know if a functional solution is even a reality at the outset.
  • “Perfectionist” vendors promise 100% automation with no human involvement. The issue with this approach is that neither people nor machines are perfect. The reality is that machines will need human supervision when real-world problems arise.

Another concept that was front and center during the sessions at DSF 18 was the European Union’s General Data Protection Regulation (GDPR), which was officially implemented on May 25, 2018. The legislation is expected to influence the formation of data localization laws on a global basis, and it will likely have a major impact on where and how enterprises do business. During a Compliance Power Session during DSF 18, Lauren Barnes (S&P Global), Kurt Neumann (Prime Therapeutics), Tom Serven (State Street), and Lane Severson (Doculabs) spoke about how today’s businesses can prepare for regulations like GDPR. Although this is a European initiative, GDPR is expected to have wide-ranging implications for companies on a worldwide basis.

According to survey data on Marketing Communications from Keypoint Intelligence – InfoTrends, only 41% of respondents in North America and 56% of those in Western Europe had already taken steps to prepare for GDPR. Most respondents were at least aware of the regulation, but the share of respondents who were unaware of it was considerably higher in North America than it was in Europe.

Another common theme that came up multiple times during the educational sessions at DSF 18 was the commoditization of the customer experience. Today’s businesses are strongly focused on delivering a better overall experience to increase customer satisfaction, engagement, and loyalty. In response to this, a number of vendors are developing solutions that are designed to improve specific parts of the overall customer experience.

Alan Pelz-Sharpe of DEEP ANALYSIS presented a session on the impact of blockchain during the PFMA Annual Conference, which was co-located with DSF 18. Pelz-Sharpe believes that blockchain—a shared digital ledger for recording the history of transactions—will be the biggest disruptor of business information management in decades.

Blockchain is distributed across a network, so the entire ledger is stored multiple times in various locations. Every computer that is part of the blockchain network will contain a complete copy of the entire ledger. This method of storage is absolutely secure because the ledger in the blockchain is immutable and cannot be changed. This makes it ideal for documenting contracts, legal documents, and other critical documentation along a variety of supply chains.

The 10th annual DOCUMENT Strategy Forum placed a strong focus on transforming processes, the changing regulatory landscape, and disruptive technologies. Artificial Intelligence, regulations like GDPR, the customer experience, and blockchain will continue to shape and reshape our industry. Industry players must keep pace with and react to these new and emerging trends, and educational events like DSF are a great way for service providers and vendors to ensure that they can do just that!

How OpenText Is Improving Customer Experience With Intelligent Forms Automation

David Stabel
 Jun 14, 2017

It has been almost one year since OpenText announced its intention to acquire HP LiquidOffice, HP TeleForm, HP Exstream, and HP Output Management for a total transaction value of $315 million. Today, these products are housed within OpenText’s Customer Experience Management (CEM) Suite, which was recently updated with the Release 16 Enhancement Pack 2 (EP2). On the LiquidOffice and TeleForm side, OpenText has completed a wealth of additional integrations with OpenText Content Server, OpenText RightFax, and MS SharePoint.

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In a recent interview with Mark Jackson, Senior Product Manager, and Bob Murphy, Sales Director for OpenText LiquidOffice and TeleForm, we learned more about today’s market for enterprise forms solutions and the dynamics driving increased demand. Before diving into our discussion with Mark and Bob, here’s some background on OpenText LiquidOffice and TeleForm.

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Key Take-Aways of Xploration 2017

David Stabel
 Apr 13, 2017

On March 28-30, Xplor International held its annual Xploration 2017 conference in Orlando, Florida, providing more than 60 educational sessions for vendors, service providers, enterprise attendees, and other industry experts from around the world.

xplor17

The educational sessions covered a broad range of customer communications management (CCM) and related topics including customer experience, workflow and automation, data management and compliance, e-presentment/payment technology and much more. This year, senior analysts from Keypoint Intelligence – InfoTrends hosted multiple educational sessions, participated in several panel discussions, and hosted a special Industry Analyst Workshop. Here are our key takeaways from the conference.

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Highlights from Xploration 16

David Stabel
 Apr 13, 2016

Last week, customer communications conference Xploration 16 hosted around 355 participants in Orlando, Florida. While attendance was about the same as last year, there were 141 first time attendees registered. With more than 55 educational sessions and panels for vendors, service providers, and enterprise attendees, this annual conference continues to be an important industry event.

The educational sessions covered a broad range of customer communications management (CCM) topics including analytics, business intelligence, production management, managing multi-channel and omni-channel communications, mobile strategies, as well as evolving trends such as personalized video, customer experience (CX), and customer engagement. Two educational tracks took a special focus on executives and career development and discussed topics such as compliance auditing, data security, M&A, RFPs, and topics around personnel management.

We have long been supporters of Xplor and this year we hosted two sessions and sat on two panels. Our sessions focused on providing high-level insights from annual research within our Customer Engagement Technologies and Transactional Communications & Payments advisory services.

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David Stabel and Matt Swain presenting highlights of InfoTrends’ annual research on customer communications

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OpenText’s Mark Barrenechea Talks About Digital Disruption

David Stabel
 Mar 9, 2016

On March 7-8, OpenText’s Innovation Tour 2016 took place nearby Munich, Germany. This user conference, part of a global series of events held in five cities around the world, hosted more than 750 participants. The conference featured keynote speeches, several customer and partner presentations, and breakout session focusing on a variety of topics around the digitalization of the enterprise – all focused on this year’s theme of Enabling the Digital World.

In his keynote, Mark Barrenechea, CEO and CTO of OpenText, talked about the digital enterprise revolution, the importance of enterprise information management (EIM), and their next generation EIM platform: Release 16. Here are the key take-aways from his keynote.

Keynote of Mark Barrenechea, CEO and CTO of OpenText.

Keynote of Mark Barrenechea, CEO and CTO of OpenText.

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Observations from DOCUMENT Strategy Forum ’15

Other Posts
 May 28, 2015

The annual DOCUMENT Strategy Forum took place in Greenwich, Connecticut earlier this month on the 12th through the 14th. The Document Strategy (DS) Media has been organizing the event for the past several years and attendance this year was made up of 330 industry representatives, executives, analysts, and vendors. The group coordinates with a hand-picked advisory board made up of leading industry professionals to select topics and organize the forum’s panel discussions.

Kaspar Roos Presenting at DSF

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Google’s “Mobilegeddon” and the Importance of Mobile-Friendly Web Design

Other Posts
 Apr 24, 2015

This week, Google made changes to its mobile search algorithm, an event which the public dubbed “Mobilegeddon.” In the new algorithm, Google considers whether a website is “mobile-friendly” in ranking search results. Mobilegeddon is a wake-up call for many businesses that have either neglected mobile design or are not even aware that their websites are poorly designed.

Photo via Inturact

While the new algorithm only affects searches on smartphones, businesses cannot afford to lose out on mobile, which already accounts for 60% of U.S. digital media time.[1] Earlier this year, comScore reported that mobile search accounts for 29% of all U.S. search activity, and 20% of that comes from smartphones. Various estimates put Google around 65-75% search market share, with 80-90% share in mobile search (thanks in large part to the Android OS). In fact, about half of all Google searches are believed to be mobile searches. Despite the apocalyptic hype around Mobilegeddon, this is neither the first nor the last update to Google’s algorithm. It is, however, the most significant update since 2011, when Google Panda began factoring the quality of web pages into search rank.  Read more »

Highlights of Xploration 15, the Customer Communications Conference

David Stabel
 Apr 23, 2015

Last week, customer communications conference Xploration 15 hosted around 350 participants in Orlando, Florida. This annual conference is a major industry event with more than 60 educational sessions for vendors, service providers, and enterprise attendees.

The educational sessions covered a broad range of CCM topics including workflow and automation-related technology, e-presentment and payment technology and innovation, hosted/cloud managed models, as well as strategy considerations for outsourcing versus maintaining in-house operations. InfoTrends hosted two sessions that covered a review of highlights from our annual customer communications research, and insights on the importance of CCM in an increasing connected world.

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The Customer Journey as the New Paradigm for Customer Communications Management

David Stabel
 Mar 19, 2015

The paradigm for Customer Communications Management (CCM) has changed throughout the years, shifting from transactional mainframe printing to the enablement of personalized and targeted communications, from cost-based to profit-enabling with TransPromo, and from customer service to managing the customer experience. The discussions around customer communications today are about optimizing customer engagement or optimizing ALL customer engagements (touchpoints) that a customer experiences when interacting with a brand (i.e., a customer’s journey). In this blog, I briefly discuss what makes up a customer’s journey and how CCM can be a part of it.

The Customer Communications Journey

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Highlights of the EBDA Seminar 2015

David Stabel
 Mar 18, 2015

On February 26, the European Business Document Associated (EBDA) organized a seminar to discuss the future of print and customer communications. This event took place as a parallel event to the Hunkeler Innovationdays 2015 in Lucerne, Switzerland. Such parallel events are a perfect opportunity for people to participate in as they easily can combine it with a visit to the Hunkeler Innovationdays. InfoTrends was invited as being one of the main speakers at this seminar together with three other industry experts. This blog highlights the key takeaways of the main discussions at the EBDA seminar.

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