Latest from Professional Development/Leadership
36% of CE and Smart Home Product Returns Are Due to Setup, Installation, and Usage Difficulties
This webinar hosted by Parks Associates and Copilot explores strategies to leverage device connectivity and user-generated data to improve consumer experience, reduce returns, and expand product ecosystem
CE research data from Parks Associates finds 36% of US broadband households who returned a specified CE or smart home device in last 12 months cited difficulty in setup, installation, and usage as the reason. The firm explored opportunities to improve user setup and create a lifetime customer relationship through connectivity and user-generated data in the webinar “Next-Gen CE: Reinventing Consumer Experience with IoT Data,” cohosted with Copilot.
The webinar addressed:
• adoption of connected products,
• the multiple levels of an IoT strategy for CE companies,
• the challenges in the transition to a connected platform, and
• strategies to capture the lifetime value of customer.
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April 1, 2022“Consumers are increasingly looking for connected products when looking at retail and virtual shelves, and with more manufacturers introducing affordable devices with advanced connectivity features, many companies are in a race to develop and deploy an integrated connected experience to their customers,” said Kristen Hanich, Senior Analyst, Parks Associates. “Our research shows 1 in 3 CE device owners have experienced at least 1 technical issue with their devices, so product manufacturers can compete on the experience they deliver to their customers.”
“Brands who are quick to embrace IoT data to optimize their customers’ ownership experience will lead the next generation of consumer products,” said Frank Zvi, Co-CEO, Copilot.
The webinar featured these topics:
• New strategies and tools to expand the CE business model from a single transaction to embrace the lifetime value of the customer
• Consumer interest in new revenue opportunities, including subscriptions, ecosystem sales, and brand loyalty
• Key CE marketplace trends and the factors for success or failure in the transition to connected devices
• Strategies for using user-generated data to drive customer engagement, improve product strategy, and lower returns
Moderated by Kristen Hanich, Parks Associates, this webinar featured the following panelists:
• Frank Zvi, Co-CEO, Copilot
• Tejas Shah, Senior Vice President of Product and Chief Information Officer, Arlo Technologies, Inc.
To request data or an interview, please contact Rosey Ulpino at [email protected], 972.996.0233.
About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions. For more information, visit http://www.parksassociates.com/.