According to Harvard Business Review, acquiring new customers is anywhere between 5x to 25x the cost of retaining an existing customer (Source: Harvard Business Review Blog).
What is a Customer Experience Platform?
Importance of Customer Experience Platforms
- Enables omnichannel engagement - Customer Experience Platforms help maintain consistent communication and interactions across different channels like email, phone, website, apps, social media, etc.
- Provides a unified customer view- The platform delivers a holistic and collective view about the customer across different business units and integrates the data from different departments like sales, marketing, product development, etc.
- Improves customer satisfaction- The platform provides an elevated experience for the customers, a sense of professionalism, and readily available information regarding their concerns and queries whenever needed.
- Provides real-time insights- It enables access to customer behavioral reports, their preferences, and usage patterns that help in continuously improving the services and offerings of any organization
Features of a Customer Experience Platform
- Omnichannel Engagement: Most businesses today operate across multiple platforms, and a CXP ensures to keep consistent interaction at all times with these customers, thereby providing a seamless experience.
- Customer Data Integration: The CX platform helps in integrating data from various touchpoints into a unified customer profile that provides insights into every customer when needed.
- Personalization: These platforms also provide customized, personalized, and relevant content, seamless experiences, and qualitative assets for every customer based on their liking and needs, thereby leaving a great impression of the brand and offerings.
- Analytics & Insights: These platforms also provide deep, real-time insights to organizations and help them in understanding their customers better, in turn enabling the organizations to take data-driven and informed decisions and continuously improve their offerings.
- Automation & AI: All modern customer experience platforms are integrated with Artificial Intelligence (AI) and AI-enabled workflows that help organizations in creating more fruitful customer journeys, which translates into better conversions and more engagement across all levels of engagement.
- Integration With Applications: The platform integrates with existing tools and apps that organizations are already working with so that it can easily help them get a collective view about customers.
- Survey & Feedback: Surveys and feedback are an important part of customer experience platforms that enable organizations to collect and understand their service effectiveness through NPS or CSAT scores.
- Revenue & Growth: Better experiences drive better retention and increased sales, resulting in more ROI and revenue for the organization.
Types of Customer Experience Platform

How to choose the right customer experience platform?
- Business Objectives & Goals: The first thing to analyze while looking into CX platforms is to understand if the business objectives and goals are being met. Some organizations might need to answer simple customer queries, while others may need a little more complex platforms for ticketing and archiving. So checking if the tool can meet your needs today and also for the foreseeable future is very important.
- Features & Functions: Evaluating if the platform is providing all the features and functions required by the teams to support their daily operations is the next thing to check. In addition, the platform should also have all the latest features that others are offering and should have a track record of integrating new features from time to time.
- Customer Mapping: Customer mapping is an important function of any CX platform that allows customer data from different platforms and functions to be combined and shown in one place that serves as intel for your agents. So, customer mapping needs to be at par with what is required by the organization to serve its customers.
- Track Record: The CX platform you employ needs to have a good track record with a lot of organizations in the same industry as yours using it proactively. The more years in existence, the better the offerings and data points for your use cases.
- AI Capabilities: Like it or not, AI is inevitable in today’s day and time. The CX platform you employ also needs to have the AI factor that can help in easing your process, efforts in delivering the world-class CX at your disposal.
- Reporting & Analytics: The right reporting and strong analytical insights of different aspects across all stakeholders, like agents, customers, supervisors, managers, and the organization, will help not only in understanding the effectiveness of your service but also in improving based on learnings.
- Cost & Effectiveness: While the features, credibility, and effectiveness are all important considerations to choose the right CX platform, the cost of the tool should also fit in your budget. Explore if there are flexible plans, pay-as-you-go options, etc., to see what works best for your organization.
- Scalability : Scalability is an important factor that many organizations miss out on. So, while you are choosing a CX platform today, it is also important to see if this tool can be used when the organization grows in the future. So, consider a platform that you can use when you scale, like adding new features, functions, or integrations with third-party applications: should all be possible.
Introducing [24]7 Engagement Cloud

[24]7 Engagement Cloud is a Customer Care As A Service (CCaaS) platform built on deep contact center expertise, leveraging intelligent AI that delivers frictionless customer and agent experiences. The result: peak performance, elevated brand image, and lasting customer loyalty. It’s the perfect platform for delivering on your CX promises.
Success By Numbers
Customer Experience Platform Examples

A US Warehouse Club Operator Achieves CX Transformation: Score 84% CSAT score and 32% containment rate

A sportswear brand streamlined its customer service and saved $1.2 Million Annually Using Digital CX Solutions
Michael Podolsky, Co-founder of PissedConsumer, highlights in his Forbes article how 89% of consumers consider negative customer experiences as a key factor influencing their purchasing decisions. And in contrast, only 49% of U.S. consumers believe that companies deliver a good customer experience. ( Source: Forbes)
Frequently Asked Questions About CX Platforms
Customer Experience Platform is an integrated set of tools, techniques, technologies, and strategies that help businesses improve their interactions and touchpoints with customers across multiple channels.
Customer Relationship Management is a tool that mostly handles customer data on a day-to-day basis, like interactions, insights, sales, and support etc., while Customer Experience Management is a tool that focuses on customer satisfaction and experience across multiple channels.
The four types of CXP are Cloud-based Experience Platforms, Contact Center Platforms, Self-Service Platforms, and AI-Enabled Platforms.
While many CX platforms can help with different requirements based on your needs, choosing the right one is very important. You can explore [24]7 Engagement Cloud that offers end-to-end and frictionless customer and agent experiences.
The CXP helps businesses create and maintain meaningful, personalized relationships with customers. It not only helps meet the customer's needs but also exceeds in delivering the right experience that’ll keep them happy.