Creating a unique customer experience is one of the best ways to achieve sustainable growth, particularly in industries that are stagnating. If a telecom operator or utility company can create a highly differentiated customer experience that turns dissatisfaction or indifference into delight, it will recruit an army of vocal advocates online and offline, gain market share, and generate revenue growth.
Customers nowadays are more connected, more informed, and incur fewer barriers and more willingness to replace suppliers that no longer meet their expectations.
The only durable competitive advantage is to know your customers better than your competitors and deliver a consistent and rewarding CX that keeps customers wanting to come back for more. CX is enabled by technology, but not displaced by continuous technology disruptions.