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From Knowledge Base to Virtual Agents: The Shift to AI-powered Self Service

TechSee

Rising customer expectations: With service becoming a primary battleground for winning customers, consumers have come to expect fast service 24/7/365. In fact, according to a Walker study , by the year 2020 customer experience will overtake price and product as the key brand differentiator. Is it cost reduction? Summary.

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Millennial Generation Customer Service – The Ultimate Guide

TechSee

Millennial consumer attributes. According to Accenture , Millennials have overtaken Baby Boomers as the largest consumer demographic, expected to account for 30% of retail sales — that’s $1.4 trillion in spending — in the United States by 2020. trillion in spending — in the United States by 2020.

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Consumer demand driving advancements in financial services

PK

Post-recession demand from consumers for greater transparency, mobility and digital connectivity has driven advancements, but risk management, compliance and cost optimization remain top concerns for today’s banks. In 2020, customers expect better digital experiences from their financial providers.

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5 Top Customer Service Articles For the Week of October 5, 2020

ShepHyken

Street Fight) The new consumer buying trends — and the business measures put in place to adapt to them — will likely become a permanent fixture even as the economy enters a recovery phase. Customer Service Week is October 5-9: Learn 5 Ways to Celebrate Your Virtual Agents When They Need it Most (Thanks, 2020) by Veronica Krieg.

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Call Center Automation Depends on Collaborative AI

TechSee

The global drive toward digital transformation has made its mark on contact center processes and operations, with Salesforce predicting last year that the use of AI by customer service teams would see a 143% increase by 2020. Why agents are embracing the change. Post-call analysis also benefits from AI.

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Collaborative AI

TechSee

The global drive toward digital transformation has made its mark on contact center processes and operations, with Salesforce predicting last year that the use of AI by customer service teams would see a 143% increase by 2020. Smarter Agents. Virtual agents learn as they process more information, but someone must train them.

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Thriving Amidst Rapid Change: Conversational AI and Collections

Interactions

2020 has brought on a perfect storm for the collections space with more debt and high delinquency rates due to the pressure put on consumers from the economic effects of COVID-19. In fact, consumer debt has risen to record-breaking heights, at over $14 Trillion by mid-2020. How will live agents react?