Twenty-three years ago, Fred Reichheld wrote in the book “The Loyalty Effect: The Hidden Force Behind Growth, Profits, and Lasting Value” (no affiliate link) that firms should be wary of aggressive customer acquisition initiatives. He warned firms that: “Winning more and more new customers could slowly put you out of business” (page 89). This is … Continue reading Peloton’s growth plan will annoy its loyal customers
The connected home is not smart I only noticed this now; but, it seems that, when Google merged the Home and Nest divisions, it rebranded the connected home from ‘smart’ to ‘helpful’. The announcement said: Today, we’re committing to that goal by bringing the Home products under the Nest brand. Our first step as Google … Continue reading [Miscellany] Not smart; not oil; not AI
With Artificial Intelligence (AI) promising to bring analytical power and cost savings to many customer facing functions, it is pertinent to ask how the deployment of AI impacts on the image of people / brands. For instance, if consumers believe that your online profile was developed by AI, does that impact on how they see … Continue reading The suspected use of AI makes people trust others less
The changing nature of photographs in the age of social media When I was growing up, photos were something that we staged carefully; that we took in small numbers; and that we had to wait a long term to see. They marked specific moments. Nowadays, we take lots of photos that we can see … Continue reading [Miscellany] Social media photos as speech; designing chatbot conversations; shout out to @BoE_Research
Recently, Google announced that it is buying Fitbit, the fitness tracker company which, not long ago, was the leader of the fitness wearable devices market. This acquisition gives Google a foothold in the large, growing and lucrative smartwatches / fitness band arena, which was lacking from their product portfolio. Most importantly, for Google, it gives … Continue reading What’s the problem with personalisation, anyway?
Possible gender discrimination in Apple Card Did you read about that story, that went viral on Twitter, about Apple credit cards offering a much higher credit limit to men than women, even when the latter have demonstrably the same or even better financial situations? [If not, read this or this] The person who posted … Continue reading [Miscellany] Gender bias; lack of imagination in algorithms’ design; wanted Professor of Foresight
Modern life demands speed, right? We eat, speak and walk faster than we used to. We are disappointed if our favourite online store does not offer next day delivery (even if, pragmatically, we could very well wait). And we want 24/7 customer service so that we can get instant replies to our queries. However, … Continue reading Customer satisfaction with chatbots: the surprising role of speed