In an era of high competitiveness and less attention, AI can be used to accurately customise and elevate the customer experience at every step that customers interact with a brand
We are living in an age of instant gratification and consumption. From the way we order food to book tickets, everything is immediate. Customer service is no different and no one likes to wait. Today, customers expect quick and accurate answers to their queries and have little patience for subpar experiences. Today, most customers log out of their calls after they get frustrated with the endless loop and waiting time for IVR calls that are still preferred by many firms.
AI – improving Conversations And Impacting Costs
In this context, AI can be a big game changer for customer experience with automated chatbot responses that learn and unlearn from previous interactions, thereby reducing the number of queries directed at the call centre. A report by Gartner has stated that organisations report a reduction of up to 70 per cent in call, chat and/or email inquiries after implementing a virtual call assistant. This can lead to significant customer satisfaction and a 33 per cent saving per voice engagement.
As response times shrink and customer volumes increase, AI has a vital role to play in obtaining insights which help ensure that customers receive the best service experience possible. In an era where customers receive a huge number of emails, AI can help organisations personalise messages that are most interesting and relevant. For example, by implementing geo-fencing technology with targeted data and locations on mobile devices, organisations can use customised content to target consumers in their local markets. Based on the browsing patterns of the visitor and recent engagements, AI-based algorithms can create a personalized landing page on the fly that can instantly appeal to the customer.
Leveraging Augmented Intelligence For Improving Customer Service
Augmented intelligence, which Gartner defines as a human-centred partnership model of people and AI working together to enhance cognitive performance, is set to become more significant as both humans and machines learn from each other. AI augmentation will create $2.9 trillion of business value and 6.2 billion hours of worker productivity globally, as per Gartner. New advances in AI can hence provide customer care executives with the required intelligence that can help them answer queries more accurately. For example, each customer care executive could be supported by a virtual agent that monitors the call or chat and provides the agent with personalised advice. The virtual agent can understand the intent of the customer and by utilising the knowledge from his or her past interactions; it can equip the customer care executive with all the relevant information to provide the right answer. This could include sales scripts, customised offers or any information that helps the customer care executive create more intelligent and meaningful conversations.
Using Conversational AI For Improving Productivity
Conversational AI solutions can improve productivity significantly by transcribing voice conversations in real-time and generating documentation and intelligent insights that can further be used to improve agent performance, call handling resolutions and future training. These insights can be shared across the organisation with functions or departments such as product development, back office or sales to improve the competitiveness of the organisation and improve the overall customer experience.
A McKinsey report says that by deploying conversational AI, organisations can create a twofold improvement in customer experience; reduce cost to serve by 15 to 20 percent; improve churn, upsell and result in a significant upsurge in employee productivity. AI-enabled systems can detect problems before customers do, and take proactive actions. For example, a telecom service provider or an ISP can immediately alert organisations of a possible interruption in service, if it detects a network breakdown, enabling the organisation to alert customers and take immediate action to resolve the issue. This can make a big difference in improving customer service.
Empowering Employees – The New Way
AI can also help organisations in training and retraining their employees. AI can help in monitoring the call of the agent and provide real-time notifications to guide the agent towards a successful call resolution. By using the power of AI and NLP technologies, conversational AI solutions can help companies elevate their standard of customer service to a new level, by monitoring key parameters such as call volumes and first-call resolution. Insights revealed by the conversational AI solution can further be used to automate agent tasks and coach new employees.
Further, by understanding the key skills and strengths of different agents, supervisors can assign the right agents to handle different queries.
In summary, every organisation today has a huge volume of information that can be used to gauge insights and personalise user experiences. In an era of high competitiveness and less attention, AI can be used to accurately customise and elevate the customer experience at every step that customers interact with a brand.
(The author is Prasenjit Roy, Chief Marketing Officer, NTT in India)
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.
Your e-mail information will not be shared with anyone else. And it will be used only to send out our latest news.
BW Communities is an array of business news websites targeted towards niche communities and readers across various industries