Remove 2020 Remove Customer Base Remove Technology Remove Virtual Agent
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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. 2020 has tested the limits of the collector workforce.

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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. 2020 has tested the limits of the collector workforce.

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What Is A Conversational User Interface (CUI) & How to Leverage It

Inbenta

According to Business Insider, nearly 40% of internet users worldwide prefer chatbots over less conversational virtual agents. . billion in 2020 and is set to gain another $95.41 What’s more, the language processing technology behind chatbots and voice interfaces is capable of learning as it goes along, evolving with its users.

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20 predictions for customer experience in 2020

Qualtrics

Our team of CX experts have looked into their crystal balls to see what’s coming around the corner in 2020. AI will drive up virtual agent adoption – and free up humans. Contrary to popular belief, virtual agents aren’t about to replace humans in front-end operations. We’ll get smarter at hiring for CX roles.

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3 Ways a Chatbot Can Improve Customer Service

Oracle

A chatbot can fill that void, helping a retailer reach customers 24/7 and enhancing customer experience by answering commonly asked questions quickly and accurately. In addition, chatbots offer companies new ways to improve the customer engagement process while aiming to drive down the typical cost of customer service.

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3 Considerations for an opti-channel digital transformation strategy

Interactions

Advancing consumer technology and the pandemic has made digital transformation a top priority for business leaders across all industries. According to PwC’s 2020 Global Digital IQ survey , 66% of companies said revenue growth and profitability would suffer if they didn’t digitally transform quickly enough.