As businesses race to define customer needs in ever greater detail while aligning their own market offerings to better cater to them, the importance of gathering intelligence from customers grows significantly.
Voice of the Customer or “VOC” is a technological approach to gaining insight into consumers’ collective interests. More specifically, through the use of Voice of the Customer technology, organisations can identify customer needs and organise them by relative importance.
Voice of the Customer technology helps in establishing operational courses of action and defining crucial elements of product/service design early on. Through its use, business decisions can be closely matched to verified customer needs.
Such a process yields excellent results for businesses that harness it correctly. However, there are numerous ways to go about implementing a VOC strategy within an organisation. To better understand how VOC processes work and precisely how you can set them in motion in your own company’s systems, it helps to have examples and structural resources at hand.
Below, we describe the VOC process in detail and provide you with a few useful templates and examples of the functions that comprise such a system.
Voice of the Customer functions
To deploy a comprehensive Voice of the Customer system, organisations should aim to implement each of eight distinct functions. These functions are essentially stages in the VOC information-handling process, leading from target setting to ongoing study. They are as follows:
Establishing customer focus
This phase of the VOC process marks the starting line by working out the “why” and the “what”.
In addition to defining exactly who your customers are and defining their profiles, companies should use this opportunity to define the inner workings of their own product development team. Defining decision makers early can help in ironing out the rest of the VOC process.
Collecting information
Here, various tools are chosen and put to use in collecting information from customers. It is important to decide on the kind of information you need to collect in addition to the ways in which you intend to go about collecting it. The two major types of data you will encounter in VOC are qualitative and quantitative (descriptive labels and numbered metrics).
One collection tool that helps in narrowing down target customers to interview is a VOC matrix. This tool is essentially a series of fields that you can select based on your project’s goals. Once selected, these fields combine to form a clear description of your target audience. Specialised software can offer the same functionality as a traditional hole-punched VOC matrix if your organisation keeps accurate customer profile data in digital formats.
Interpreting information
Although the information captured during the collection phase of the VOC process is labelled, it might not be particularly usable until it is accurately interpreted.
Interpreting collected data involves translating raw customer input into actionable language. Once done, designers, developers and project leads can assess the information and take immediate action. Specifically, desires expressed by customers should be translated to long-term needs to gain a clearer perspective on a project’s ideal developmental roadmap.
Structuring information
Achieving a usable data structure boils down to minimising redundancies and grouping related information intuitively. AI-based VOC sorting solutions can prove to be tremendously helpful for such purposes.
For information on ways to measure the voice of the customer, download our white paper, Measuring Voice of the Customer.
A clear example of the way in which data might be intuitively structured for later use is a simple tree diagram. This diagram arranges information in connected levels of branches to give context to each bit of data.
Quantifying information
At this stage of the VOC process, structured information should be rated by its importance or end-user utility. This allows for insignificant data to be dropped in lieu of data representing more pressing concerns.
Verifying information
Cross-referencing data sets occurs at this stage. Doing so ensures the veracity of any conclusions your team may reach after analysing the information your VOC system yields.
Deploying new strategies
At this point, the Voice of the Customer data has been collected, organised and verified, but must be weaved into your organisation’s development plans to be of use. This may involve setting specific technical requirements for product designs, establishing varied pricing models for subscription services, and so on.
Tracking trend changes
Keeping up with sudden shifts in market sentiment should be a top priority and actively interpreting new VOC data makes this possible. Changes in customer needs over time can be worked into future development goals to keep your offerings closely tied to their intended markets.
Voice of the Customer provides businesses with unique insights that can be used to imbue future development goals with premeditated purpose. By using VOC technology, your organisation can not only listen more attentively to its clientele, but respond to their requests and suggestions in meaningful, profitable ways.
- This promoted content was paid for by the party concerned