Perhaps the harshest reality contact centers are facing is that the knowledgebase in which they have invested countless dollars and other resources, and which has been the center of their knowledge management strategy, is no longer enough.
While nearly 70% of customer service organizations report they’ve invested in a knowledgebase, that same percentage report that the knowledgebase does not contain the information necessary for agents to solve customer issues. For companies with more than 10,000 employees, 43% report that information that contact center agents need to access to resolve customer issues resides in more than 20 systems.
Other survey findings include the following:
- 70% of survey respondents indicated that they are facing significant challenges as a result of agents not being able to find necessary customer information.
- Respondents listed case handling time (50%), customer satisfaction (49%), and first contact resolution (FCR) (49%) as the top three challenges.
- 30% of participants estimated the impact of knowledge base operational challenges at somewhere between $100,000 to $1 million per year, including six percent who put the cost at $1 to $5 million.
Additional survey findings can be found in the official press release.
We’ve seen how the explosion of data is overwhelming practically every company, and customer service organizations are not exempt from the pressure. A negative customer experience directly impacts customer satisfaction, renewal rates, and other important metrics.
Are these challenges that your organization is facing, or that you have overcome?