Did you know that investing just 5% more in customer retention can boost your profits by five times as much?
For original equipment manufacturers (OEMs), our research with ABI Research shows that customer experience after the sale is just as important as the sale itself. But when faced with skills shortages, downtime costs, operational complexity, and sustainability demands, delivering fast, reliable after-sales service becomes a challenge.
Our new remote troubleshooting solution, Smart Service, has been designed to help businesses overcome this challenge. With secure remote technology, powerful integrations, and intuitive new features, Smart Service helps service teams boost efficiency, save costs, and simplify processes throughout their operations.
In this article:
Today’s after-sales service challenges
When a machine fails, B2B customers expect to receive instant technical support. But delivering it isn’t always easy.
Sixty-nine percent of companies experience unplanned machine outages at least once a month. Each hour of downtime costs an average of USD 125,000, but the repercussions go way beyond financial loss. Downtime can impair brand image, lower customer trust, and increase employee churn.
As a result, customers demand fast, effective troubleshooting whenever a machine fails. According to a recent study, a staggering 77% of customers expect an immediate response when contacting customer service. This expectation puts immense pressure on service teams, with 69% of them struggling to balance quality and speed.
At the same time, technology businesses worldwide are facing a critical shortage of skilled talent. As technology progresses and requirements change, the skills gap only continues to grow. To illustrate: The average half life of tech-related skills is now less than five years. That means that half of what employees know today will be outdated by 2029.
This skills shortage makes it even harder for after-sales service teams to meet customer demands. Plus, customer service agents are at a high risk of burnout, which can cause turnover and an additional strain on the remaining workforce.