Earlier this summer, Forrester published their Customer Feedback Management Solutions Landscape report for Q2 2024. In this report, we are proud to announce that Forrester recognized Alchemer as one of the key vendors and leaders in the customer feedback management (CFM) landscape.
This recognition emphasizes Alchemer’s commitment to helping our customers do more with the feedback they collect, because collecting feedback is just the first step. The true power and value of feedback comes from the insights uncovered and the feedback-driven actions taken.
Alchemer Core Use Cases for CFM
Forrester highlighted Alchemer as a key vendor in this report due to our ability to address every extended CFM use case outlined in their analysis. Additionally, Forrester highlighted three core CFM use cases that each vendor is focused on. For Alchemer, these use cases are:
- Systemic CX improvement: This use case requires integrating data across various channels and sources, supported by pre-built integrations with other systems. These integrations enable a comprehensive view of customer interactions and drive systemic CX improvements.
- CX measurement: Effective CX measurement demands advanced language models that allow for detailed open text analysis. These capabilities provide deeper insights into customer feedback and help identify key drivers of customer satisfaction and areas for improvement, all at scale.
- Closing the loop with customers: This use case calls for robust integrations and configurable trigger-based alerts and actions. These features enable timely responses to feedback and automate follow-up actions, ensuring that customer concerns are addressed promptly and effectively, thus closing the feedback loop.
2024 Customer Feedback Management Trends
As we move into the back half of 2024, Forrester identified several key trends that are shaping the CFM landscape:
- Integration and Data Connectivity: As CX teams collect more and more feedback, they increasingly need ways to connect siloed data. Additionally, the need to combine various types of customer feedback with sentiment and financial data is driving demand for technology solutions that offer pre-built integrations.
- Value and ROI Demonstration: CX teams are under pressure to demonstrate the ROI of their technology investments and initiatives. The focus is shifting from just comparing features to now evaluating how technology can support broader business goals such as increasing revenue and reducing costs.
- AI and Innovation: AI and large language models (LLMs) are driving dramatic change in the CFM market. These technologies offer exciting advancements, but also pose challenges as they become commoditized, making AI purpose-built for customer feedback a must for CX leaders.
Looking Forward
Alchemer is proud to be recognized for our commitment to helping customers of all sizes collect, manage, analyze, and act on their customers’ feedback. If you are interested in learning more, check out some of the following resources:
- Customer Stories: See how customers have leveraged Alchemer to drive positive business outcomes.
- Alchemer Pulse: Learn how Alchemer’s AI text analytics solution, purpose-built for customer feedback, uncovers hidden customer insights and transforms those insights into business impact.
- Integrations: Check out Alchemer’s inventory of prebuilt integrations!
You can read Forrester’s full Q2 2024 Customer Feedback Management Solutions Landscape Report, here.