If there is one little piece of good news in the COVID-19 crisis for brands, it’s that 97% believe the COVID-19 pandemic has accelerated their digital transformation, with 68% saying it has
been sped up considerably, according to COVID-19 Digital Engagement Report, a study released Wednesday by Twilio.
And brands are spending more on it — 26% have inked in significant
budget increases for digital transformation, and 53% for moderate improvements at least.
Of the firms surveyed, 41% say the crisis has sped up their digital rebirth by one to four
years, and 27% have sped it up by five to nine years. Another 19% believe COVID-19 has cut 10 to 24 years from the process and 4% estimate it has cut 15-plus years.
The average number
of barriers broken down is 2.7. They are:
- Getting executive approval — 37%
- Lack of a clear transformation — 37%
- Reluctance to replace legacy
software — 35%
- Insufficient budget — 34%
- Lack of time — 34%
- Lack of skills and know-how — 34%
- Lack of engineering support
— 34%
- Bureaucracy — 29%
- Not applicable, the firm has no barriers — 6%
- None of these — 2%
In fact, 28% in the U.S.
report a significantly lower lack of progress in devising a clear transformation policy, 27% in overcoming lack of skills and know-how and 24% in achieving engineering support. U.S. firms have broken
down 2.4 barriers — below the average.
Meanwhile, 24% of the brands polled have started using email for the first time as a result of COVID-19.
This pales beside the
35% that are first using live chat, and the 33% turning to interactive voice response (IVR). But email was probably being widely used prior to the pandemic.
Among the sectors first
turning to email are:
- Technology — 35%
- Finance — 28%
- Healthcare — 22%
- Construction — 23%
- Manufacturing and automotive — 14%
- Professional services — 11%
- Energy — 39%
Overall, 50% will very likely add communication channels as the
world reopens, and 42% are somewhat likely to do so. Firms have also started using video (29%), voice (28%), in-app chat (28%), SMS (26%) and web-based chat-bot (24%).
What’s
more, 76% agree they will find new ways to engage with customers following the crisis, and 19% feel they probably will.
The theory that most businesses were already using email is given
credence by the fact that 50% of firms have dramatically increased their use of email during the crisis, placing email second only to live chat at 54%.
Among the industries using more
email:
- Technology — 68%
- Finance — 49%
- Retail & ecommerce — 50%
- Healthcare — 45%
- Construction —
40%
- Manufacturing & automotive — 42%
- Professional services — 54%
- Energy — 41%
How have firms adapted their communication
strategy overall?
- Increased their focus on omnichannel or multichannel digital communication — 54%
- Added new channels used for digital communications —
53%
- Sped up the implementation of their digital communications strategy — 52%
- Increased the volume of interactions with channels — 51%
- Increased
the budget for digital communications — 51%
- Increased the employee time dedicated to digital communication — 50%
- Refined digital communication to focus on retention of
customers — 46%
“Over the last few months, we’ve seen years-long digital transformation roadmaps compressed into days and weeks in order to adapt to the new normal as
a result of COVID-19,” states Glenn Weinstein, chief customer officer at Twilio.
Weinstein adds that firms in “nearly every industry have had to identify new ways to communicate
with their customers and stakeholders -- from patients, to students, to shoppers, and even employees -- essentially overnight.”
Twilio, working with Lawless Research, surveyed
2,569 enterprise decision-makers in firms with 500 or more employees -- including 225 to 300 each from Australia, France, Germany, Italy, Japan, Singapore, Spain, the UK and the U.S. -- in June.
They included directors and higher levels in several disciplines, including corporate communications, customer experience, customer or technical support, data analytics or business intelligence,
executive leadership or Administration and IT.