NICE named as Leader in 2024 SPARK Matrix™ for Speech Analytics Report
- 1. Introduction
- 2. Common issues our new customers solve with NICE CXone
- 3. What industry evaluators say about NICE CXone
- a. Gartner
- b. Forrester
- 4. CXone's differentiating capabilities
- a. Omnichannel experiences
- b. Extensive use of artificial intelligence
- c. Self-service
- d. Analytics and reporting
- e. Workforce engagement management
Common issues our new customers solve with NICE CXone
Our customers are both large and small, represent a wide variety of industries, and are located across the globe. Despite the wide diversity, they all have something in common: their previous technology wasn't doing the job.Below are some examples of technology issues that caused our customers to switch to CXone. Perhaps your clients are grappling with similar problems.- Lack of operational insights. Contact centers are such a rich source of customer information that leaders shouldn't have to forgo data-driven decision-making, yet that's why some of customers made the switch. We've seen challenges ranging from inaccessible data to inadequate reporting to the inability to analyze unstructured interaction data, all of which can be resolved by CXone.
- Poor business continuity capabilities. The recent pandemic exposed the limitations of on-premises systems in responding to certain types of disruptions. Cloud-based solutions can be accessed from anywhere with a good internet connection, which allowed many of our new clients to continue serving their customers with at home agents.
- Too many manual processes. A common cause of manual processes is lack of system integration. When applications aren't integrated, it can create data silos and cause contact center employees to perform manual tasks such as cutting and pasting, creating agent schedules by hand, and manually loading historical data for forecasting. Not only are manual processes inefficient but they also introduce inaccuracies and can negatively impact job satisfaction.
- Limited scalability. Whether a sale is doing better than expected or volume is being driven up by a natural disaster, organizations need solutions that are flexible enough to quickly scale to meet unanticipated volume. Otherwise, revenue can be lost and some customers can go unserved. The lack of scalability is why some of our clients traded their previous systems for CXone.
- Disparate and redundant systems. As businesses open multiple call centers or acquire other companies that have their own centers, it's not unusual to find a hodgepodge of different systems that are redundant with each other. For example, one site may use a different IVR than the next one. That can prevent optimization and consolidation as well as cause the business to incur additional, unnecessary costs.
- Lack of digital omnichannel capabilities. Today's consumers are digital and tend to use multiple channels within the same transaction. Not being able to offer digital support (chat, email, social media, etc.) due to system limitations means a business can't fulfill their customers' channel preferences. Taking it a step further, even if a business does offer multiple channels, it's poor CX if the channels aren't integrated and force customers to start from scratch as they move across channels.
What industry evaluators say about NICE CXone
Gartner
The Gartner Magic Quadrant report is designed to "help customer service and support technology leaders find the right provider for their needs." Gartner reviews Contact Center as a Solution (CCaaS) vendors - also known as SaaS providers - each year and reports on the results.As part of their in-depth comparative study of AI customer platforms, Gartner evaluates solutions according to a multitude of criteria:- Ability to execute - includes product or service, overall viability, sales execution/pricing, market responsiveness/record, marketing execution, customer experience, and operations.
- Completeness of vision - includes market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation, and geographic strategy.
- Leaders
- Challengers
- Visionaries
- Niche Players
Figure 1 Source: Gartner 2023 Magic Quadrant for Contact Center as a ServiceNICE has been mapped to the "Leaders" quadrant nine years in a row. Leaders are characterized by expansive customer service abilities, strong brand recognition, ability to serve multinational businesses, large installed base or above-average market growth, and ability to handle complex implementations.In the 2023 version of the Magic Quadrant report, Gartner noted some of NICE's strengths, including our "strong vision for customer service analytics, workforce engagement, AI and automation."Download a free copy of the 2023 "Magic Quadrant for Contact Center as a Service."
Forrester
NICE CXone also performs well on Forrester evaluations. For example, NICE was recognized as a leader in the "Forrester Wave™: Contact Center As A Service, Q1 2023" report.Forrester analyzed eleven different CCaaS providers on 34 different factors that include:- Routing/omnichannel
- Platform/core architecture
- Workforce optimization
- Customer self-service
- Strategy
- Market presence
Figure 2 Source: "The Forrester Wave™: Contact Center As A Service, Q1 2023"NICE received the highest possible scores in areas such as routing/omnichannel, self-service, performance, and product vision. Forrester specifically noted our extensive use of artificial intelligence throughout the customer journey, increasing emphasis on digital interactions, breadth of solutions, and substantial R&D budget.Download your free copy of "The Forrester Wave™: Contact Center As A Service, Q1 2023" for more detailed expert insights on CX solutions.
CXone's differentiating capabilities
NICE CXone is a cloud native CX platform with innovative capabilities that establish customer service technology trends. Our highly rated solutions streamline operations, improve customer experience, and empower end users. These characteristics plus the opportunity for a fast payback make it the platform of choice for organizations of all sizes around the world.What follows is a quick summary of just some of the capabilities that make CXone a leader in the CCaaS market.