Top trends and priorities focus on technology acceleration, improving the customer experience and IT modernization

We met with 35 consumer services executives to understand their top priorities and how they are readying for the key trends shaping their organizations. Executives identify technology and digital acceleration as the most impactful macro trend. Improving the customer experience is the number one business and IT priority, which executives plan to support through IT modernization and actionable data.

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Technology is driving transformation
82% of executives cite the high impact of technology and digital acceleration


Business models need to be more agile
Only 25% of executives say they have highly agile business models to address digitization


Changing social demographics transforms consumer demand
67% of executives cite the high impact of social demographic change


Inflation drives optimization strategies
Executives identify optimizing prices and reducing costs as the top 2 measures to address macroeconomic impacts


Better customer experience and data-driven operations rely on better IT
IT modernization is the #2 IT priority, yet, only 4% are fully operational with it.

Consumer services VOC -Key findings

When comparing insights from the 59% who are operational or producing results from digital strategies (digital adopters) to those building or launching digital strategies (digital aspirants), common attributes emerge.

Digital adopters in consumer services recognize the high impact of digitization on their business models and rely on close alignment between business and IT operations. They are also further ahead with IT modernization and cybersecurity and have more mature organizational strategies to leverage data and digitalization.

Comsumer services attribute 1

Have highly aligned business and IT operations to support strategy execution

Digital adopters

71%

Digital aspirants

45%

Comsumer services attribute 2

Are implementing or fully operational with the IT priority of IT modernization

Digital adopters

60%

Digital aspirants

46%

Consumer services attribute 3

Have a mature organizational strategy to leverage data and digitalization

Digital adopters

33%

Digital aspirants

0%

1

Integrate digital into everything
by evolving from aligning business and digital strategies to fully integrating digital into business processes.

2

Embrace innovation—especially intelligent automation—as a journey
exploring various enablers to take your business into the future and lower costs.

3

Own and organize your data
to drive efficiency and growth by ensuring customer and supply chain data quality, security and availability.

4

Invest strategically in IT modernization and managed services
to lower costs, enable agility and invest in new digitally enabled products.

5

Promote change as a natural part of business evolution
by encouraging a mindset of continuous improvement, learning and forward-thinking

 

5 recommendations - Consumer services VOC

At CGI, we help consumer services organizations deliver on their brand promise through the best data-driven omnichannel customer experiences.

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