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Forrester’s 2024 North American Digital Experience Review: Banks Must Differentiate Their Mobile Banking Apps Better To Create Value For Customers
According to Forrester’s Digital Experience Review™: North American Mobile Banking Apps, Q4 2024 evaluation, consumers view North American banks’ mobile apps as largely undifferentiated. Mobile apps have become the channel of choice for tens of millions of banking customers. Currently though, 65% of US and 62% of Canadian banking customers, respectively, want to accomplish any [...]
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Forrester’s 2024 European Digital Experience Review: Banks Should Prioritize Delivering More Secure And Inclusive Mobile Banking Experiences
According to Forrester’s Digital Experience Review™: Europe Mobile Banking Apps, Q3 2024, 85% of European online banking customers use mobile apps frequently. However, to optimize the mobile banking experience, European banks need to implement more robust fraud and security measures, focus on inclusion and accessibility to deliver customer value and earn trust, and deploy more [...]
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Forrester: Aerial Drones, AI Chips, Sustainability Management, And Synthetic Data Among Additional Emerging Technologies To Watch In 2024
Following its initial list of the top 10 emerging technologies for 2024, Forrester has released a new report, Ten More Top Emerging Technologies For 2024, which identifies additional technologies that can deliver tangible return on investment for firms over the next two years, including: Aerial drones. Unmanned aerial drones, which can fulfill commercial tasks like [...]
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Forrester: US Agencies Are Currently Leading Generative AI Adoption
According to Forrester’s report, The State Of Generative AI Inside US Agencies, 2024, agencies that embrace genAI will better serve brands, keep up with competitors, and support employee creativity. Forrester finds that US agencies lead the field in terms of genAI adoption: more than 60% of decision-makers report that their agency is already using genAI, [...]
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Forrester’s 2024 Australia CX Index: Overall CX Quality In Australia Continues To Decline
According to Forrester’s 2024 Australia Customer Experience Index (CX Index™) Rankings, unveiled at the 2024 CX Summit APAC, the CX quality of most brands and agencies included in the study either flatlined or declined. Based on a survey of more than 8,900 adults in Australia, Forrester’s Australia CX Index benchmarks the customer experience quality of [...]
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Forrester: Global IT Service Industry Spend Will Reach $2 Trillion By 2028
According to Forrester’s ‘Global IT Services Market Forecast 2023-2028’, global IT service industry spend will reach $2 trillion in 2028. However, despite forecasted growth, IT service firms will face several challenges in the next few years. Key findings include: Growth will be substantial, with the IT service industry averaging 4.6% annual growth. Growth will be [...]
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Forrester: Global Business Buyers Rank Competence, Consistency, And Dependability As Their Top Trust Levers
Forrester’s report, The State Of Global Business Buyer Trust In 2024, reveals that strong trust in an organization is essential and often determines purchase intent. However, business leaders often struggle to understand how to create trust and how it influences the buying decision process. Forrester identifies seven levers of trust: accountability, competency, consistency, dependability, empathy, [...]
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Forrester: European Customers Continue To Distrust Banks In 2023
According to Forrester’s European Banking Trust, 2023, banks in France, Italy, Spain, and the UK continue to face low levels of customer trust in 2023. The majority of banking brands in France, Italy and Spain had a ‘weak’ average customer trust score – with the UK the only country out of the four to receive [...]
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Forrester: Autonomous Vehicles, Business-Optimized Networks, And Zero-Party Data Platforms Among Additional Emerging Technologies To Watch
Forrester has already identified the 10 most important emerging technologies for 2023. In a new report, Ten More Top Emerging Technologies For 2023, there are additional emerging technologies that enterprises should be aware of — four of which will deliver benefits to most firms in the next two years. These include: Autonomous vehicles. These technologies [...]
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Forrester’s 2023 US Federal Customer Experience Index Rankings: US Federal Agencies Continue To Lag The Private Sector In CX
According to Forrester’s The US Federal Customer Experience Index Rankings, 2023, the federal government is still not providing customer experiences that are comparable to the private sector. Despite federal agencies’ focus on improving digital customer experience (CX), they lag in both physical and hybrid CX and deliver uneven experiences across channels and demographic groups. Key [...]
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Forrester Reviews Australian Mobile Banking Apps; 76% of Millennials Expect To Be Able To Accomplish Any Financial Task Through Mobile App
According to Forrester, 52% of Australian online adults agreed that they want to do all of their banking on a mobile app on their smartphone, up from 42% in 2020. In 2023, 76% of Australian Millennials and 69% of Gen Zers expect to be able to accomplish any financial task through a mobile app. To [...]
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Forrester: US Banks Are The Only Financial Services Firms To See Improved Customer Trust In 2023
According to Forrester’s US Financial Services Customer Trust Index Rankings, 2023, consumer trust in US financial services firms remained relatively weak and largely unchanged in 2023. US banks were the only firms to achieve a measurable improvement in average trust scores — despite the turmoil initiated by the failure of Silicon Valley Bank. The improvement [...]
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Forrester: Tech Leaders Must Develop A “Bring-Your-Own-AI” Management Policy To Maximize AI’s Benefits And Limit Its Risks
Forrester’s new report, Bring-Your-Own-AI Hits The Enterprise, reveals that more than a quarter of global AI decision-makers indicate that 51% to 75% of their employees will use generative AI technology by the end of 2024. Whether it’s generative AI tools like ChatGPT, AI-infused software, or AI-creation tools, employees are already using consumer AI services that [...]
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Forrester Singapore CX Index: Insurance Industry Remains In A CX Stalemate; Quality Remains Flat
According to Forrester’s “Singapore Auto And Home Insurance Customer Experience Index (CX Index™) Rankings, 2023,” while the overall CX quality of Singapore’s home and auto insurers improved steadily from 2018 to 2021, it suffered a setback in 2022 and has since remained flat in 2023. In addition, the industry average CX Index score remained unchanged [...]
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Forrester: Global Green Market Revolution Spend Will Total $326 Trillion From 2023 To 2050
A new Green Market Revolution Forecast, 2023 To 2050 (Global) report from Forrester finds that the transition to a green economy represents a huge opportunity for businesses. From 2023 to 2050, cumulative global green market revolution spend will total $326 trillion. By 2030, annual green market revolution spend will reach $8.1 trillion to capture 5.8% [...]
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Forrester: Consumer Trust Remains Relatively Consistent Despite A Volatile Year
A new report from Forrester, The State Of Global Consumer Trust, 2023, finds that even during a volatile year, consumer trust remains relatively consistent. Understanding consumer trust is key to developing strategies that improve it. Our research shows that business leaders who apply a systematic and scientific approach to cultivating trust drive revenue by building [...]
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Forrester: Advertising Agencies In The US Will Automate 7.5% Of Jobs By 2030
A new report from Forrester, Agency AI-Powered Workforce Forecast, 2030 (US), reveals that, by 2030, US advertising agencies and related services companies will lose 32,000 jobs to automation — 7.5% of the total agency workforce. While creative problem-solving roles will thrive, process-oriented roles will shrink due to the influence of automation, machine learning, and generative [...]
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Top Data Breaches And Privacy Abuses Exposed A Billion Records And Prompted $2.7 Billion In Fines In 2022
Forrester’s new research, Lessons Learned From The World’s Biggest Data Breaches And Privacy Abuses, 2022, finds that, last year, 1.2 billion customer or citizen records were exposed in just the top 35 global breaches. More than $2.7 billion in fines were levied by regulatory bodies to the top 35 violators. According to Forrester, 74% of [...]
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Forrester: Ignoring Generative AI Will Be A Costly Mistake For Enterprises
A new report (Generative AI Prompts Productivity, Imagination, And Innovation In The Enterprise) finds that generative AI can augment and enhance existing business processes in ways that were previously impossible. Forrester defines “generative AI” as: “A set of technologies and techniques that leverage massive corpuses of data, including large language models, to generate new content [...]
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Forrester: India’s Auto Industry Improved Their CX In 2022; Toyota Displaced Ford To Re-emerge As Leader
According to Forrester’s 2022 India Auto Manufacturers Customer Experience Index (CX Index™) rankings, Toyota emerged as the 2022 customer experience leader, zooming back to the top of the table and displacing last year’s leader Ford. Overall, the auto industry made progress, with the average scoring improving by two points and all brands delivering ‘good’ CX, [...]