By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Money MindHubMoney MindHubMoney MindHub
  • Home
  • Investing
  • Business
  • Personal Finance
  • Marketing
  • Banking
  • Mining
  • Retirement
Reading: How to Avoid the Pitfalls of Tech Overload in Customer Relations
Share
Notification Show More
Money MindHubMoney MindHub
Search
  • Home -Money
  • Investing
  • Business
  • Personal Finance
  • Marketing
  • Banking
  • Mining
  • Retirement
© 2024 All Rights Reserved | Powered By moneymindhub
Money MindHub > Investing > How to Avoid the Pitfalls of Tech Overload in Customer Relations
Investing

How to Avoid the Pitfalls of Tech Overload in Customer Relations

MoneyMindHub June 15, 2024
Share
7 Min Read
How to Avoid the Pitfalls of Tech Overload in Customer Relations
SHARE

Opinions expressed by Entrepreneur contributors are their own.

It is a common, though not consistently recognized, issue. While poorly functioning technology often frustrates users, too much tech can be as detrimental. It can be tempting to think consumers may want a lot of high-tech to speed interactions with your business; tech overload can be a customer relationship killer. Based on my experience, it’s essential to consider ways you can avoid this pitfall.

1. Humans still do a better job at many things

We leverage technology heavily at my jewelry insurance company via an omnichannel strategy. However, there are areas where we find technology doesn’t do the best job and where humans can do better work, which is true in many businesses today. Humans are better and essential for many interactions across an organization.

Everyone is trying to leverage technology to do everything, especially with the explosive interest in AI and GenAI. However, AI and GenAI can’t necessarily streamline or automate everything. For instance, many things require empathy and experience that only humans can provide to each other. The human touch is a real and powerful force. For example, we use some technology to manage an insurance claim, but humans mainly control it. Why? Because we need to ensure our customer interactions have genuine empathy. Computers don’t have that capability. They’re not good at the subtle nuances required when you and your customer – want human help and understanding.

Resist the temptation to overload your processes and company with technology. Even when your intentions are good, when you’re trying to create a better user experience with it, the result can have the opposite effect. The technology can be great, but the user experience fails because the way it responds isn’t what people want or how they want it. Innovate in small steps to test and learn before making decisions or expanding your use of high tech—especially with your prospects and customers.

See also  I’d start buying shares with £600 like this

Related: Productivity Tanks During These ‘Dead’ Hours. Are You Guilty?

2. The path of least resistance isn’t always high-tech

It can be easy to gravitate towards complicated tech-driven paths that appear to be more efficient. Many leaders get enamored by really complex solutions. Or, they feel market pressure to have ultra-feature-heavy technology. They’re embarrassed that their innovation may seem lacking in sophistication.

But, often, the path of least resistance isn’t always optimized by maximizing high tech. Your first iteration in automating processes is likely going to be ugly. Don’t assume your technology has to be elaborate or in-depth out of the gate. Instead, start small, gain feedback, learn and iterate. Utilize technology to create feedback loops and dial into how people use your product, down to every detail and nuance. It can tell you what buttons users click on, what colors perform best, how often they click, etc.

If you’re using the right tools, you can monitor interactions and gain excellent quantitative insight. Then, combine those insights with qualitative (read human) customer feedback. Ninety-nine percent of the time, simplicity is better.

Related: Why Entrepreneurs Need Intermittent “Brain Fasts”

3. Catching the latest trend can’t always be trusted

Many leaders fixate on trends and lose sight of first-principle thinking. You have to be able to take a step back and determine whether you feel something makes sense for your business. It doesn’t matter what consultants are telling you or what your competitors are doing. You can believe in adopting current technology. I certainly do. But, you also have to know when it risks overloading your staff and customers.

See also  Reddit Follows Twitter’s Lead, Announces Paid Access To Data API 

There is much fear of missing out (FOMO) and pressure for CEOs and leaders to embrace the latest technologies. The narratives around AI and GenAI are excellent examples. Companies are scrambling and wondering how to use AI/GenAI, how to get there first, etc. But it doesn’t make sense for companies to use AI and GenAI. We’ve found good ways to use it in initial prospect and customer interactions, but it’s in a small capacity. Above all, it is about how well it works for you and your customers.

Many major tech companies roll out solutions and features that people do not use at the cost of millions of dollars — and this should not happen. Innovation can come with costs. Test and learn, experiment, and ask questions when considering innovations. Don’t assume that you’re missing out or lacking. Validate with human conversations and judgment instead.

Related: How to Ensure Tech Doesn’t Overshadow Your Brand’s Human Touch

A hard-earned lesson

Tech overload was something I observed in the early era of insurtechs. Many in the industry believed consumers would prefer to buy their home, auto and other insurance policies directly from insurance companies online. Build the sleek technology, and they will come. But it didn’t quite work that way. Only some consumers preferred that online experience, while many did not. S

ome consumers want to work with a trusted broker or agent, which is why they have purchased insurance for decades. Ignoring the power of the human component in the buying process has led several high-profile insurtech startups to struggle.

See also  How To Start Living Below Your Means

There are many other examples, from e-commerce shopping carts to smartphones. When leveraging technology, take your time, create feedback loops and (most of all) look to your customers’ expectations.

You Might Also Like

What is an ETF? (Exchange-Traded Fund)

Up 20% with a 9% yield! This stock remains my top passive income earner

How Top Leaders Turn Pain and Pressure Into Clarity and Focus

Don’t Forget To Report Your Gains From Crypto — The IRS Already Knows About Them

2 amazing UK shares on my watchlist for May

TAGGED: Nenjathai Killathe
Share This Article
Facebook Twitter Copy Link
Previous Article Kevin O'Leary: Inflation Is Responsible for Restaurant Closures Kevin O’Leary: Inflation Is Responsible for Restaurant Closures
Next Article 5.5% yield! A magnificent FTSE 100 stock I’d buy to target a lifelong passive income £8,900 in savings? I’d aim to turn it into a £280 monthly passive income like this
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

What is an ETF? (Exchange-Traded Fund)
What is an ETF? (Exchange-Traded Fund)
Investing May 8, 2025
OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
Personal Finance May 8, 2025
Brawny brings back the Brawny Man for brand refresh
Brawny brings back the Brawny Man for brand refresh
Marketing May 8, 2025
Passive and Active: text from letters of the wooden alphabet on a green chalk board
Up 20% with a 9% yield! This stock remains my top passive income earner
Investing May 8, 2025
MARA Holdings Achieves Impressive 705 BTC Production in April
MARA Holdings Achieves Impressive 705 BTC Production in April
Mining May 8, 2025
How to Get a Small Business Loan When Self-Employed
How to Get a Small Business Loan When Self-Employed
Business May 8, 2025

Recent Posts

  • What is an ETF? (Exchange-Traded Fund)
  • OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
  • Brawny brings back the Brawny Man for brand refresh
  • Up 20% with a 9% yield! This stock remains my top passive income earner
  • MARA Holdings Achieves Impressive 705 BTC Production in April

Recent Comments

No comments to show.

You Might also Like

What is an ETF? (Exchange-Traded Fund)
Investing

What is an ETF? (Exchange-Traded Fund)

May 8, 2025
Passive and Active: text from letters of the wooden alphabet on a green chalk board
Investing

Up 20% with a 9% yield! This stock remains my top passive income earner

May 8, 2025
How Top Leaders Turn Pain and Pressure Into Clarity and Focus
Investing

How Top Leaders Turn Pain and Pressure Into Clarity and Focus

May 8, 2025
Don’t Forget To Report Your Gains From Crypto — The IRS Already Knows About Them
Investing

Don’t Forget To Report Your Gains From Crypto — The IRS Already Knows About Them

May 7, 2025
moneymindhub moneymindhub

Our mission is to empower individuals with the knowledge and tools they need to achieve financial independence and make informed financial decisions.

Editor Choice

Meta Reinstates Trump to Facebook & Instagram
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
8 Tips On How To Find Your Why!
Susan Wojcicki Shares ‘Important Lesson’ in Final Letter

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: How to Avoid the Pitfalls of Tech Overload in Customer Relations
Share
© 2024 All Rights Reserved | Powered By moneymindhub
Welcome Back!

Sign in to your account

Lost your password?