Part 1
In five years, your customers won’t just expect seamless connectivity—they’ll demand a seamless digital life, integrated fluidly with their physical world. They’ll want hyper-personalized services that anticipate their needs before they even know they have them. They’ll crave experiences that transcend devices and networks, blurring the lines between reality and the virtual world.
The communication service providers (CSPs) who win in this new era will be the ones who adopt a customer-obsessed mindset not as a buzzword, but as the very foundation of their business model. This means more than just adopting the latest technologies or swapping out legacy systems. True digital transformation extends beyond acquisition; it’s about engaging customers throughout their entire journey, from onboarding to long-term loyalty, while continuously deriving and delivering value.
Every interaction, whether with retail consumers, small and mid-sized businesses (SMBs) or large enterprises, should be designed to deepen the relationship and foster long-term engagement.
The data is clear: Exceptional customer experience (CX) is the driving force behind growth and profitability.
Leading analyst firm McKinsey & Company’s research tells us every dollar invested in personalization yields a five- to eight-fold return. Similarly, Forrester, a trusted global market research firm, reports that agile organizations outpace their competitors in revenue growth by a staggering 37%. However, to maintain this level of competitiveness, CSPs must also prioritize operational efficiency. They can do this by streamlining processes to reduce costs while also delivering value-driven experiences.
Imagine a world where your network anticipates customers’ travel plans and proactively adjusts their roaming package.
Imagine offering personalized entertainment bundles based on their viewing habits, while ensuring these adjustments are managed efficiently through automated, flexible billing systems that reduce manual intervention and operational costs.
For businesses, envision tailored solutions that optimize network performance, proactive support that anticipates potential issues and dedicated account management that fosters a true partnership long after the initial contract is signed. By leveraging automated configure, price, quote (CPQ) and billing solutions, CSPs can provide these high-value services to enterprises while maintaining cost efficiency and maximizing margins. This is the future that leading CSPs are building through strategic partnerships with vendors that specialize in CX, billing, CPQ and partner monetization.
But how do we, collectively as an industry, achieve true personalization at scale? It starts with striving for 100% of touchpoints. Today, even leading CSPs struggle to integrate data and analytics across all customer interactions. Post-acquisition, this challenge becomes even more critical—particularly for enterprises with complex service needs, where operational inefficiencies can erode margins. A customer who’s browsing online for a new offer shouldn’t be treated as a blank slate if they recently visited a store or called customer service. By ensuring data, CPQ systems and billing are aligned across all channels, CSPs can deliver a unified and hyper-personalized experience from onboarding to daily engagement.
It also means shifting from a next-best-offer mindset to taking a more holistic approach to customer engagement. The most valuable action might not always be a sale; it could be providing exceptional service or solving a problem. By automating these customer touchpoints and streamlining billing and partner management, CSPs can reduce operational costs while delivering the same high level of service. This not only enhances customer loyalty, it also protects margins.
CSPs have a unique advantage: an abundance of data. The most sophisticated CSPs leverage this data to offer highly relevant third-party products and services beyond connectivity. When combined with real-time insights into post-acquisition behaviors, flexible billing models and scalable partner monetization, CSPs can continuously engage customers without increasing the cost of delivery. For enterprise customers, efficiently managing complex service configurations through integrated CPQ and billing ensures CSPs can deliver valuable, bespoke solutions while protecting margins and minimizing operational overhead. Whether working with a retail customer or a large enterprise, having the ability to automate and streamline processes while simplifying interactions is key to long-term engagement without unnecessary costs.
Innovative CSPs already embrace AI, machine learning and IoT to deliver hyper-personalized plans, seamless experiences and proactive support. But the challenge is to extend these innovations beyond the initial customer acquisition. The post-acquisition journey should be just as seamless and personalized, focusing on long-term engagement, retention and loyalty. Through strategic partnerships and cutting-edge technologies, CSPs can unlock new revenue streams and build lasting relationships rooted in value, trust and continuous innovation.
The customer-obsessed CSP moves beyond price wars, focusing instead on building long-term relationships that grow in value over time. It’s not just about winning the customer initially—it’s about driving continuous value through billing transparency, flexible business models and relevant partner offerings that go beyond connectivity. This approach will unlock new avenues for growth, position CSPs as trusted advisors and ensure a thriving ecosystem of services for both retail and enterprise customers.
The future belongs to the bold, the agile and the customer obsessed.
You can combine the power of AI, real-time analytics and cloud-native technology to fuel your continuous growth.
It’s time to stop reacting to your customers’ needs and start anticipating them. With CSG Ascendon, you can create hyper-personalized experiences that drive loyalty, satisfaction and long-term growth.
Create hyper-personalized experiences
With Ascendon, you’re not just ready for the future—you’re actively shaping it.