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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 There’s just something natural about speaking or texting with our devices as we would verbally. billion by 2030. .

2028 69
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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.

2020 38
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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

And it’s no longer just about having digital channels, like websites and apps, but having an integrated system of digital accessibility so that customers can quickly and efficiently get done what they need. . A synchronous channel is where the customer and the brand communicate in real-time.