Topics In Demand
Notification
New

No notification found.

Can't Stop, Won't Stop: Why Millennials and Gen Z Demand a Flawless Customer Journey
Can't Stop, Won't Stop: Why Millennials and Gen Z Demand a Flawless Customer Journey

8

0

 

Imagine this: You walk into a store, ready to drop some serious cash. But the second you ask a question, the salesperson gives you a blank stare. Frustrated, you head online, only to navigate a customer service maze that feels designed by Kafka himself. Does it sound like a customer service nightmare? For Millennials and Gen Z, it's an all-too-common reality.

These digital natives aren't waiting around for a subpar experience. They're a force to be reckoned with, wielding a combined spending power of over $360 billion in the US alone. And guess what? They expect a flawless customer journey, every single time.

Hitting the Gas Pedal on Customer Experience

So, what exactly does a "flawless customer journey" look like for these generations? Here's the thing: it's not a one-size-fits-all situation. But some core themes keep popping up.

  • They crave speed and convenience. Think instant gratification on steroids. Millennials grew up with the internet at their fingertips, and Gen Z never knew a world without it. Waiting on hold for an eternity? Not gonna happen. According to a Zendesk study, 74% of Millennials and Gen Z expect a response to their customer service inquiries within 24 hours
     
  • They speak the language of omnichannel. Seamless transitions between online and offline channels are a must. Whether they start their research on a mobile app or finish a purchase in a physical store, the experience should feel unified. 67% of Millennials and Gen Z expect consistent brand messaging across all channels.
     
  • Tech is their BFF. Chatbots, self-service portals, and AI-powered recommendations - Millennials and Gen Z embrace technology that empowers them to solve problems on their own terms. But it's not just about the tech itself; it's about using it effectively to streamline the customer journey.

Value-Driven Decisions

Beyond the Clicks: Building Loyalty in the Digital Age

It's not just about speed and efficiency, though. The current generation also values authenticity and transparency. They want to do business with companies that share their values and stand behind their products. A study by Forbes revealed that 88% of Millennials are willing to pay more for brands that are committed to social responsibility.

Savvy Yet Skeptical

These generations are savvy and skeptical. Traditional advertising is often met with distrust, and they are more likely to rely on peer reviews and influencer endorsements. Authenticity is key. They can quickly detect insincerity and are not afraid to call out brands that fall short.

The Data Speaks: Industry Insights

Here are some crucial statistics that shed light on these evolving expectations:

  • Mobile Commerce: A report by eMarketer shows that 58% of Gen Z and 53% of Millennials use their smartphones for shopping.
  • Social Media Influence: According to GlobalWebIndex, 68% of Gen Z and 54% of Millennials have purchased a product they discovered on social media.
  • Customer Experience: A PWC survey revealed that 73% of consumers point to customer experience as an important factor in their purchasing decisions, with Millennials and Gen Z placing the highest importance on this aspect.

Meeting Their Demands

To keep up with these demanding consumers, businesses should optimize the mobile experience, leverage social media for engagement, provide seamless omnichannel integration, emphasize personalization, and demonstrate authenticity through transparent practices.

The Verdict? Millennials and Gen Z are the future, and technology is the key to unlocking their loyalty. By embracing a tech-fueled customer journey, you can ensure your business stays ahead of the curve and thrives in the digital age.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


Mantra Labs is a global experience engineering & consulting firm that builds intelligence-driven solutions and delivers digital-first customer experiences for global enterprises. With its 275+ skilled and passionate technologists, the company specializes in providing end-to-end solutions for its clients across eight key industries. Mantra solves the most pressing front & back- office challenges faced by BFSI, Healthcare and Consumer Internet enterprises. Having worked with some of the World’s leading Insurers like SBI General Insurance, Care Health Insurance, Pramerica, Aditya Birla Health and AIA Hong Kong along with unicorn consumer startups like Ola, Myntra, Yulu, BlueStone and Quikr - Mantra Labs has been deeply involved in developing AI-powered technology solutions for business-specific problems. The company also has strategic technology partnerships with MongoDB, IBM Watson, Microsoft Azure and Nvidia.

© Copyright nasscom. All Rights Reserved.