Information Technology CX Growth Opportunities in the Energy Industry 2024 to 2025

Customer Perspectives


RELEASE DATE
19-Nov-2024
REGION
Global
DELIVERABLE TYPE
Customer Research

RESEARCH CODE
KB0F-01-00-00-00
SKU
IT_2024_1151
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CX Growth Opportunities in the Energy Industry 2024 to 2025
Published on: 19-Nov-2024 | SKU: IT_2024_1151

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The primary goals of this study are to determine implementation plans of interaction channels, applications, and solutions in the contact center environment across industries and to understand purchase trends. It also investigates the factors that influence product selection.

Decision-makers and purchase decision influencers of contact centers were surveyed across business functions including CXOs, managing directors, and Owners, senior management, middle management, and others.

Countries include Australia/New Zealand, Brazil, Germany, India, Mexico, Philippines, U.K, and United States.

Decision makers from the 85 energy organizations such as:
• Energy producers
• Energy distributors
• Oil & gas companies
• Renewable energy companies
• Nuclear energy enterprises
• Electricity utilities
• Gas utilities
• Gas stations
• Water utilities
• Waste Management Companies

Generative Artificial Intelligence (Gen AI) will be integral to a energy organization’s digital strategy. The focus will be on adoption across back and front office use cases. Conversational AI-based products flooded the market to address provider burnout. The focus was on utilizing different AI models to tackle diverse challenges.

Top energy contact center organization goals in 2024 include improving brand awareness, customer loyalty, deploying AI technologies to improve employee experience (EX) and customer experience (CX), and attracting and retaining talent.

The most significant CX Priorities are building customer trust and ensuring security.

Less than 20% of organizations deliver omnichannel customer journeys, leaving a huge gap between customer expectations and positive customer experiences.

Cases studies are included from prominent technology providers.

The CX research practice at Frost & Sullivan provides an integrated approach with a 360-degree perspective, including:
• Growth Opportunity Analysis: contact center systems, CX management, cloud contact center as a service, contact center market assessment,
regional cuts for North and Latin America, Europe, and APAC, as well as country-level analysis.
• Strategic Insights: Gen AI; content moderation; global sourcing: internet of things in CX; megatrends; mobile customer care; near and off shoring;
proactive customer care; security in CX; technology-enabled outsourced solutions; vertical insights; and workforce engagement management.
• Customer Research: customer survey; Frost Mindxchanges events; vertical insights; and CX client council;
• Competitive Benchmarking: Frost Radars; Best Practices Awards; and Buyers Guides.

Author: Sebastian Menutti

An Integrated Approach Provides a 360-Degree Perspective

Research Objectives and Methodology of Customer Survey

Respondent Profile

How will Energy Trends Affect CX Providers?

Key Findings from the 2024 Contact Center Decision-Maker Survey

Most Companies Leverage Digital Channels, but Voice Still Reigns

Brand Awareness and Customer Loyalty are Top Priorities for Energy

Customer Trust Remains the Key in the Contact Center Environment

Customer Care and Security Lead the Buying Decision Criteria

Gen AI Adoption Grows; Companies Expect it to Enhance Several CX Processes

AI Investments Across the Contact Center Solution Suite

Energy Companies Fall Behind in Conversational AI Adoption

Over 80% of Energy Organizations Lack of an Omnichannel Customer Journey

Why Energy Companies Want UCaaS and CCaaS Integrated

Ygrene Improves Stability and adds IVR and IVA with Five9

Northumbrian Water reinvigorates its CX approach with Genesys Cloud

Severn Trent Water Embraces Cloud-based Workforce Management with NICE

Key Energy Trends in 2024

Energy Industry: Regional Outlooks

Top Predictions for 2024

Top Predictions for 2024 (continued)

Main Technologies to Watch in the 2024–2025

Growth Opportunities Fuel the Growth Pipeline Engine™

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

Benefits and Impacts of Growth Opportunities

Next Steps

List of Exhibits

Legal Disclaimer


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The primary goals of this study are to determine implementation plans of interaction channels, applications, and solutions in the contact center environment across industries and to understand purchase trends. It also investigates the factors that influence product selection. Decision-makers and purchase decision influencers of contact centers were surveyed across business functions including CXOs, managing directors, and Owners, senior management, middle management, and others. Countries include Australia/New Zealand, Brazil, Germany, India, Mexico, Philippines, U.K, and United States. Decision makers from the 85 energy organizations such as: • Energy producers • Energy distributors • Oil & gas companies • Renewable energy companies • Nuclear energy enterprises • Electricity utilities • Gas utilities • Gas stations • Water utilities • Waste Management Companies Generative Artificial Intelligence (Gen AI) will be integral to a energy organization’s digital strategy. The focus will be on adoption across back and front office use cases. Conversational AI-based products flooded the market to address provider burnout. The focus was on utilizing different AI models to tackle diverse challenges. Top energy contact center organization goals in 2024 include improving brand awareness, customer loyalty, deploying AI technologies to improve employee experience (EX) and customer experience (CX), and attracting and retaining talent. The most significant CX Priorities are building customer trust and ensuring security. Less than 20% of organizations deliver omnichannel customer journeys, leaving a huge gap between customer expectations and positive customer experiences. Cases studies are included from prominent technology providers. The CX research practice at Frost & Sullivan provides an integrated approach with a 360-degree perspective, including: • Growth Opportunity Analysis: contact center systems, CX management, cloud contact center as a service, contact center market assessment, regional cuts for North and Latin America, Europe, and APAC, as well as country-level analysis. • Strategic Insights: Gen AI; content moderation; global sourcing: internet of things in CX; megatrends; mobile customer care; near and off shoring; proactive customer care; security in CX; technology-enabled outsourced solutions; vertical insights; and workforce engagement management. • Customer Research: customer survey; Frost Mindxchanges events; vertical insights; and CX client council; • Competitive Benchmarking: Frost Radars; Best Practices Awards; and Buyers Guides. Author: Sebastian Menutti
More Information
Deliverable Type Customer Research
Author Sebastian Menutti
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 Cx In Energy Industry 2024
Keyword 2 Customer Experience Energy Market
Keyword 3 Energy Industry Cx Opportunities
Podcast No
WIP Number KB0F-01-00-00-00

CX Growth Opportunities in the Energy Industry 2024 to 2025

$4,950.00

Special Price $4,207.50 save 15 %

In stock
SKU
IT_2024_1151