9613 NTT DATA Corporation

NTT DATA Announces Proprietary Business Assessment to Measure Customer Friction

NTT DATA, Inc., a leading business and IT services provider, today released the company’s latest business analysis, “Your Customers Are Experiencing Friction – Now What?” and its proprietary Customer Friction Factor (CFFSM) framework to help businesses evaluate, understand and improve how they interact with their customers.

“The NTT DATA Customer Friction Factor assessment helps our clients understand and mitigate interactions that negatively impact a customer’s experience, which provides an opportunity to increase loyalty and influence financial performance,” said Brad Rucker, senior vice president at NTT DATA. “Our comprehensive approach allows businesses to proactively understand the customer experience and leverage the findings to help reduce customer friction, improving the experience for the customer.”

Unlike traditional customer surveys, Net Promoter Score (NPS) or sentiment analysis, NTT DATA’s CFFSM uses a four-step process to benchmark customer friction, as well as competitor comparisons and recommendations for improvement. The CFFSM employs a quantitative, objective and proactive approach to measure customer friction in five categories:

  • Engagement Friction - Related to any touchpoint with the customer

    (Example: Five minutes of hold time)
  • Technical Friction - Driven by a challenged technical solution

    (Example: Web page not designed for mobile platform)
  • Knowledge Friction - Caused from use and misuse of customer/organization knowledge

    (Example: Customer preferences not available during future interactions)
  • Ecosystem Friction - Created through integration with the extended enterprise

    (Example: Shipment tracking information not relayed to customers)
  • Process Friction - Associated with the activities and channels involved in a process

    (Example: Email, call center and fax required to complete a transaction)

As part of the CFFSM assessment, NTT DATA measures each category against competitors and recommends focus areas to reduce overall customer friction. Recommendations include specific goals for understanding, redefining and improving a company’s customer experience, along with expectations for the amount of customer friction reduction within each area.

To date, NTT DATA has completed successful CFFSM engagements with clients in the retail, manufacturing, financial services and insurance industries. For more information on NTT DATA’s CFFSM assessment — visit The Customer Friction Factor Assessment webpage or download the report: “Your Customers Are Experiencing Friction — Now What?.

About NTT DATA

NTT DATA is a leading business and IT services provider and global innovation partner with 80,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, digital, managed services and industry solutions. We’re part of NTT Group, one of the world’s largest technology services companies, generating approximately $100 billion in annual revenues and partner to 85% of the Fortune 100. Visit www.nttdata.com/americas to learn more.

EN
04/10/2016

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on NTT DATA Corporation

Chris Hoare
  • Chris Hoare

Japanese Telcos Q4 FY24 review: Inflationary telco market

Japan’s mobile sector accelerated again in Q4 and we think is heading to above inflation. With both KDDI and DCM recently announcing price increases the environment is increasingly benign and should be helped by NTT’s recent acquisition of SBI Sumishin Net Bank. Our recent trip to Japan highlighted how positive the environment is; NTT stays our preferred pick, with KDDI closely behind.

Lindsay Whipp
  • Lindsay Whipp

PSA IT Services: Share Price Appreciation, Confident FY25 Forecasts an...

Lindsay Whipp reviews the recent earnings performance of the IT Sector and assesses their outlook for FY25. Orders are strong, backlogs are growing and there are some attractive valuations – particularly for IIJ.

Chris Hoare
  • Chris Hoare

NTT (Buy, TP: ¥215, +38%) NTT to acquire SBI Sumishin Bank and a mino...

As has been widely rumoured, NTT has offered to acquire up to 66% of SBI Sumishin Bank (7163-JP), in a bid to strengthen its financial services offering. The offer price (¥3,615) represents a 10% premium to yesterday’s price, but actually around 10% below today’s closing price.

Chris Hoare
  • Chris Hoare

NTT (Buy, TP: ¥215, +38%) Q4 FY24 Quick Take: Topline ahead but profi...

NTT reported results today, following yesterday’s announcement to buy out the minorities of NTT Data. Revenue was better than anticipated with Global Solutions performing well and there were signs of improving mobile trends.

Chris Hoare
  • Chris Hoare

NTT (Buy, TP: ¥215, +44%) NTT offers to buy out NTT Data – Quick thou...

As rumoured, NTT has offered to buy out the minorities (~42.3%) of NTT Data via a tender offer, at a 34% premium, or ¥4,000 per share. This is a slightly lower premium than we would have expected and implies a transaction value for the minority stake of ¥2.4tn (USD 16.5bn). Quick thoughts below.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch