Trends & best practices
Bridging the divide: What 2024 taught us about digital team priorities.
By Quantum Metric
Nov 19, 2024
6 min read
As 2024 draws to a close, it's an opportune time to assess the landscape for digital teams. What key objectives shaped this year, what obstacles arose, and what does it mean for 2025?
To answer these questions, we surveyed 200 digital leaders across various industries in the US. Let's delve into the findings and explore what they mean for your business.
2024 Priorities: Acquisition and retention.
This year, digital leaders focused on two primary goals:
- Enhanced Customer Support: 53% prioritized improving customer support channels and linking them back to the digital experience.
- New Customer Acquisition: 47% concentrated on attracting new digital customers.
These objectives are intrinsically linked. Acquiring new customers is only half the battle; retaining them through exceptional support is crucial for sustainable growth. By striking a balance between both, digital brands today have an opportunity to capitalize on consumers’ increasing willingness to switch brands in pursuit of better experiences.
It starts with delivering seamless experiences with every interaction. Our data reveals that the average consumer engages with a brand 2-3 times before converting. Each interaction is critical and necessitates meticulous monitoring and responsiveness to ensure a positive experience.
And this includes feedback from customer support channels! Integrating customer feedback from these channels back into the digital ecosystem is crucial to quickly resolve issues and, most importantly, show the customer you're listening.
Visibility: The biggest hurdle.
What hinders teams ability to deliver these seamless experiences? For many digital leaders (43%), it's the lack of clear visibility into the customer experience.
The challenge extends beyond simply knowing when something occurs; it's about having the insights to determine the appropriate response. A staggering 69% of leaders struggle to extract actionable insights from their web experiences, with 60% facing similar challenges on mobile apps.
This often stems from inadequate investment in tools that illuminate consumer intent – the "what" and "why" behind user behavior. Basic alerts are insufficient; teams require context to prioritize actions effectively.
Leading brands like Canadian Tire Bank understand this and have worked with Quantum Metric to gain complete visibility into their experience and reduce their cost per acquisition by 50%.
Another key aspect of visibility is also proper website tagging. Features like Quantum Metric's auto-tagging simplify this process, enhancing visibility at scale.
Team disconnect: A persistent challenge.
While visibility is crucial, it's only one piece of the puzzle. Another significant and persistent challenge is fostering alignment across teams.
A striking 57% of respondents identified leadership’s hesitance to embrace new technologies as the primary barrier to leveraging data for improving customer experiences. This reluctance seems rooted in a combination of fear of change (56%) and concerns about ROI (53%). Most importantly, it contrasted with the 50% of digital leaders who aspire to modernize their tech stack in the coming year.
However, achieving ROI necessitates effective team organization, and leaders recognize the obstacles:
- Slow Response Times: 27% acknowledge slow response times in aligning teams to address digital issues.
- Root Cause Identification: 25% report delays in identifying root causes.
- Tech silos: 44% still consider team silos a significant pain point.
The success of digital analytics relies on providing cross-organizational access to data and empowering teams. This fosters a single source of truth and a shared understanding of customer-centric goals.
AI investments: Proceeding with caution.
Organizational challenges impact not only the ability to build and maintain the right digital experience, but hinder opportunities to fully leverage technologies like Generative AI. In the face of current digital challenges, only 30% of digital leaders report significant results from AI, while 51% remain hesitant to invest due to uncertainty about its application.
For AI to be effective, it must integrate seamlessly with existing teams and processes, not exist in isolation. Findings show there's no universal "best" use case, and opinions on optimal AI investments vary among digital leaders and the needs of their customers.
However, one thing is clear: 75% see the potential for AI to revolutionize digital analytics workflows. If you’re curious how, check out Quantum Metric’s Analytics AI-ssentials series to dig into topics including AI value, data quality and ROI.
It’s back to basics.
Digital brands have a tremendous opportunity to attract and retain customers by providing consistent, high-quality experiences. This requires a solid foundation of people, processes, and technologies. By addressing the gaps outlined above, businesses can unlock their full potential in the digital landscape.
Curious how Quantum Metric can help you get started? Check out our library of product tours today!
share
Share