{"id":1057,"date":"2021-06-23T10:42:45","date_gmt":"2021-06-23T06:12:45","guid":{"rendered":"https:\/\/crenov8.com\/blog\/?p=1057"},"modified":"2021-06-23T10:42:45","modified_gmt":"2021-06-23T06:12:45","slug":"top-customer-experience-facts-and-figures-you-should-know-to-help-your-business-thrive","status":"publish","type":"post","link":"https:\/\/crenov8.com\/blog\/top-customer-experience-facts-and-figures-you-should-know-to-help-your-business-thrive\/","title":{"rendered":"Top customer experience facts and figures you should know to help your business thrive"},"content":{"rendered":"<p>Customer experience has quickly risen to the top of the priority list for organizations.<\/p>\n<p>When it comes to choosing between brands, customers value experiences above everything else.<\/p>\n<p>Customers&#8217; loyalty is no longer based on pricing or product alone, instead customers remain loyal to brands because of the experiences they have had with them.<\/p>\n<p>The consumers that have a positive experience with your brand are more likely to spend more money on your products.<\/p>\n<p>We live in a customer-centric era, customers want things done their way, and businesses are expected to meet their needs.<\/p>\n<p>A great customer experience can make your business stand out.<\/p>\n<h4>To get you started, here are some customer experience facts and figures:<\/h4>\n<p>Companies with annual revenues of $1 billion can expect to earn an additional $700 million in three years if they invest in customer experience.<\/p>\n<p>86% of consumers are willing to spend a higher price for a positive customer experience.<\/p>\n<p>A seamless experience across all devices and channels is a top priority for 42% of consumers.<\/p>\n<p>48% of customers have abandoned a website without making a purchase because it was inadequately curated for them.<\/p>\n<p>Customers are willing to spend up to 13% more simply because they have had a great customer experience.<\/p>\n<p>After just one unfavorable experience, 32% of customers stop doing business with a brand they love.<\/p>\n<p>After having a more personalized experience, 49% of consumers made impulse purchases.<\/p>\n<p>57% Customers are less likely to recommend a company with a website that is badly developed.<\/p>\n<p>74 % of buyers are at least somewhat likely to make a purchase based solely on their personal experiences.<\/p>\n<p>Customers will pay a 16% premium for excellent service.<\/p>\n<p>With 90% of businesses expecting to implement AI within the next three years, that percentage is predicted to rise to 40% by 2023.<\/p>\n<p>Since the commencement of the COVID-19 epidemic, 24% of respondents indicated their company has spent more in artificial intelligence.<\/p>\n<p>According to 63% of customers, the greatest brands consistently surpass their expectations throughout the customer journey.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4>Read more on Crenov8:<\/h4>\n<p><a href=\"https:\/\/crenov8.com\/blog\/customer-experience-is-fundamental-to-the-long-term-growth-of-any-business\/\">Customer Experience is fundamental to the long term growth of any Business<\/a><\/p>\n<p><a href=\"https:\/\/crenov8.com\/blog\/transforming-your-business-to-meet-the-needs-of-your-customers\/\">Transforming your Business to meet the needs of your Customers<\/a><\/p>\n<p><a href=\"https:\/\/crenov8.com\/blog\/using-technology-data-and-artificial-intelligence-to-improve-the-customer-experience\/\">Using Technology, Data, and Artificial Intelligence to improve the Customer Experience<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Customer experience has quickly risen to the top of the priority list for organizations. When it comes to choosing between brands, customers value experiences above everything else. Customers&#8217; loyalty is no longer based on pricing or product alone, instead customers remain loyal to brands because of the experiences they have had with them. The consumers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[202,181,199,201],"tags":[255,302,330,324,371,332,228,4,309,307,306,331,303,304,305,308],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"A great customer experience can make your business stand out.Customer experience has quickly risen as priority for organizations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crenov8.com\/blog\/top-customer-experience-facts-and-figures-you-should-know-to-help-your-business-thrive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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