What is the Czech Customer like? Browse through the KPMG study to find out. (2024)

Methods of evaluation

There are six pillars ofcustomer experience, each representing thebasic characteristics needed to create positive experiences: personalization, integrity, expectations, resolution, time and effort, and empathy.

And since customers perceive their experience asawhole, thepillars affect each other as well – so thebest brands are great at all six ofthem. For each pillar, themaximum score is 10 points.

  1. What is the Czech Customer like? Browse through the KPMG study to find out. (1)

    Personalization

    Personalization has been with us ever since the good old “customer is always right” saying was first uttered. A personalized approach is indeed essential in building customer loyalty – because it makes each of them feel seen. Suddenly they aren’t just one of many in a faceless crowd. Instead, they feel like a valued partner, respected by the company. And these days, you can do better than just addressing them by name or sending a birthday gift voucher. Advanced data analytics are capable of recognizing individuals based on their behaviour, understanding their needs, and providing tailored services, offers, or solutions.

    AI challenges and opportunities

    Using enormous amounts of data on customer behaviour, AI can adjust offers and even prices as well as quickly browse through the goods and choose the best option for the customer. What does it mean in real life? AI can suggest a belt that perfectly matches the colour of the dress shoes in the customer’s cart. For brands, it means they don’t have to set up the “you might also like” sections by hand anymore, relying solely on categorization.

  2. What is the Czech Customer like? Browse through the KPMG study to find out. (2)

    Time and effort

    Our brain is a pretty power-hungry device and often, it subconsciously pushes us towards the path of the least resistance. What does it mean? That customers are not ready to offer up their time and effort as an extra payment for a service or a product. Instead, they will choose a business that can satisfy their needs, like placing an order or handling a request, in a quick, hassle-free way. An option to do everything online, a system capable of recognizing the customer and safely storing their data for future transactions – that’s all expected now. In short, efficient processes are crucial to customer loyalty.

    AI challenges and opportunities

    Generative AI is the next logical step in speeding up your services. Customer hotlines are a great example, with virtual assistants now in charge of categorizing and even handling individual requests. However, it is crucial for a virtual assistant to recognize when to hand the issue over to a human. Because there is nothing more infuriating than trying to explain what it is that you need to a robot, followed by a not-so-short wait for the human operator – and having to explain it all again.

  3. What is the Czech Customer like? Browse through the KPMG study to find out. (3)

    Expectations

    Marketing, reputation, previous experience with competing brands – all these aspects affect customer expectations. As a brand, you should aim for more than simply fulfilling those expectations and preventing disappointment. You should focus on setting the bar higher, and that’s where it gets tricky. Because promising something you can’t deliver is never good. On the other hand, however, if you manage to exceed customer expectations, chances are that they will remember this and recommend the brand to others.

    AI challenges and opportunities

    Customers expect that AI-based digital channels will handle their requests with the efficiency of offline channels, and they carry positive experiences from one sector into others in the form of expectations. These days, people are used to virtual assistants like Kate, Tom, and their “colleagues”, using them more and more often. When banks make their assistants even better, people will trust them and consider them reliable. And they will then expect the same quality and availability elsewhere too: from utility providers, retail brands, or in logistics. And if the other sectors fail to quickly react and offer comparable solutions, they can fall short in the expectations pillar.

  4. What is the Czech Customer like? Browse through the KPMG study to find out. (4)

    Integrity

    Integrity means that you should practice what you preach. Keeping promises and sticking to your values are key in building customers’ trust, and in the digital world full of risks, this applies even more. A trustworthy brand will protect the privacy and security of their customers, always using their personal data in accordance with legislation and ethical standards; and to personalize their experience and save them some time and effort too, of course.

    AI challenges and opportunities

    No legislation governs the use and development of AI – for now. One more reason for companies to focus on having their own sound codes of ethics. Always letting customers know when an AI tool comes into play is a sound principle to stick to. Make sure you don’t undermine their trust (and aren’t in potential breach of the future AI Act). What’s next on the list? Striving to build flawless tools, because when customers can’t access their shopping history or have to repeat their request with the bot failing to understand it or acting unnatural, their trust is undermined, too.

    As for opportunities – how about a neat summary of previous reviews to help your customers choose? Hearing about a product’s pros and cons is definitely more informative than just a number of stars. Companies could also download and display reviews from other (preferably independent) websites, making customer reviews even more credible.

  5. What is the Czech Customer like? Browse through the KPMG study to find out. (5)

    Resolution

    When something does go wrong, every business should strive to find the most efficient solution and turn the customer’s negative experience into one that ultimately leaves them satisfied. Technology can help identify weak points and potential issues before they even happen. Imagine a bank’s website, with a customer lingering on the same screen or page for a while. This might be a good time to nudge them towards what they are probably looking for or refer them to your customer service chat before a problem does occur. Detection of scams aimed at clearing out customer bank accounts is another great example. Advanced online channels like chatbots and virtual assistants are available 24/7, able to resolve a large proportion of customer requests and turn a negative experience into a positive one thanks to their ability to respond immediately.

    AI challenges and opportunities

    Make sure your AI tools are advanced enough – because if not, they might actually need more time to resolve something or fail completely. That’s why you should always start with a simple question: is the chatbot or voicebot capable enough to deal with this request, or is it better to put a human on it right away?

    Automated claim processing is a great way to improve your resolution score. AI systems can analyse a claim, decide what steps should follow, and give the customer an immediate response. And in case of repeated claims, AI can notify the business about a reoccurring issue and suggest a system-based solution.

  6. What is the Czech Customer like? Browse through the KPMG study to find out. (6)

    Empathy

    Humanity and understanding are what make us more than just cells in a vast network. A brand that can empathize with customers’ needs, show understanding, and remind them that it’s still people behind the scenes will build lasting relationships. Technology knows all about us these days. It can talk to us and even react appropriately. But it cannot replace human warmth and sincere understanding. Finding that perfect balance between technology and human approach is a guaranteed path to an empathic, trusting relationship between a business and its customers.

    AI challenges and opportunities

    Replacing humans is not the goal of AI tools – quite the opposite, in fact. With smart AI tools capable of dealing with routine tasks and customer complaints, human employees are free to focus on empathy and tailored services.

    One thing all brands looking to implement AI should start with? Asking customers about issues and situations they deal with regularly and only start building an AI solution when they have answers.

What is the Czech Customer like? Browse through the KPMG study to find out. (2024)

FAQs

What are KPMG known for? ›

Audit and assurance

KPMG professionals leverage the power of evolving technologies with the aim of driving quality audits and assurance, and delivering fresh insights, helping to reshape the audit process and inspiring trust in data and financial information.

What does KPMG look for? ›

We want diversity, commitment and ambition. We recruit across a range of degree disciplines, skills, abilities and backgrounds. At KPMG, attitude is every bit as important as ability. We recruit across a range of degree disciplines, skills and diverse backgrounds.

What country is KPMG from? ›

KPMG has been in existence for more than a century and has its roots in the Netherlands. A hundred years with a single connecting thread: 'Inspire Confidence.

Who is KPMG target audience? ›

The target audience

As well as targeting traditional buyers of technology, KPMG identified 'transformation buyers', including chiefs of finance, HR, operations and marketing. The strategy also capitalised on KPMG's existing reputation among these audiences as a trusted accountancy brand.

What is the KPMG controversy? ›

KPMG accused of overcharging Defence

Photo shows A collage of two silhouettes, the KPMG logo, and cutouts of $100 notes. Consulting giant KPMG has been accused of submitting inflated invoices and billing the Department of Defence for hours never worked.

What is the biggest threat to KPMG? ›

In our latest CEO Outlook survey, most global CEOs named geopolitics and political uncertainty the top threats to organizational growth.

Does KPMG have a good reputation? ›

KPMG has an overall rating of 3.7 out of 5, based on over 69,653 reviews left anonymously by employees. 73% of employees would recommend working at KPMG to a friend and 62% have a positive outlook for the business.

Why KPMG and not other Big 4? ›

KPMG tends to value people and a warm culture over profit, which is why it tends to be seen as less cutthroat and focused on people. But this might come at a cost of being less competitive with the other Big 4's and in the marketplace.

Why do people choose KPMG? ›

What is in it for you? It is simple: great benefits; fantastic career prospects; great people to work with and an opportunity to work with the world's most innovative and successful companies. You would also expand your personal network, learn from professionals, and gain global experience through our global mobility.

How hard is it to get into KPMG? ›

In 2023 it accepted 1,800 “graduates, school leavers, and interns” out of 70,000 total applicants. KPMG didn't disclose how many applicants it received, but it did say that it accepted 1,400 graduates and apprentices last year.

What GPA do you need to work at KPMG? ›

KPMG is very selective when choosing graduates to join our training program as Staff Accountants. They must be of the highest caliber and maintain at a minimum 3.0 GPA or equivalent.

Why is KPMG famous? ›

With a worldwide presence, KPMG continues to build on our member firms' successes thanks to our clear vision, maintained values, and our people. KPMG in India is one of the leading providers of risk, financial and business advisory, tax and regulatory services, internal audit, and corporate governance.

Who are the owners of KPMG? ›

KPMG
Company typeUnited Kingdom Limited Company
FoundersWilliam Barclay Peat James Marwick Roger Mitchell Piet Klijnveld Jaap Kraayenhof Reinhard Goerdler Thompson McLintock Frank Wilber Main
HeadquartersLondon, England
Area servedWorldwide
Key peopleBill Thomas (Global Chairman and CEO)
7 more rows

What does KPMG stand for? ›

KPMG was founded in 1987 as the result of a merger between Klynveld Main Goerdeler (KMG) and Peat Marwick International (PMI). Notably, KPMG stands for Klynveld Peat Marwick Goerdeler, which represents the last names of the four founders of the accounting firm.

What are the hierarchy in KPMG? ›

After senior associate you move up to manager. Then you get promoted to senior manager. After senior manager, you move up to managing director and then partner. Kpmg's career progression is slower than the other big 4 accounting firms so you can expect to spend at least 3 years ...

What is the best company to work for KPMG? ›

KPMG named one of Fortune Magazine's 100 Best Companies to Work For. NEW YORK, NY, APRIL 4, 2023 – KPMG LLP, the U.S. audit, tax and advisory firm, was today named one of Fortune Magazine's 100 Best Companies to Work For, ranking 38th on the list. This marks the 16th year KPMG has been included on the prestigious list.

Who are the top 4 PwC KPMG? ›

Revenue comparison
RankFirmFiscal year ending & ref.
1stDeloitte2023-05-31
2ndPwC2023-06-30
3rdEY2023-06-30
4thKPMG2023-09-30
1 more row

Who are Deloitte's top clients? ›

Deloitte Clients
  • Deloitte's largest clients are as follows: Metlife. ...
  • Boeing. Deloitte is the auditor of Boeing. ...
  • Microsoft. Microsoft is one of Deloitte and Touche's largest clients. ...
  • Morgan Stanley. ...
  • Starbucks. ...
  • Sotheby's. ...
  • Berkshire Hathaway. ...
  • UPS.
Dec 18, 2023

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