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AI not just for sci-fi: businesses leveraging tech to win over customers

Customer satisfaction and loyalty are pivotal for long-term growth and business success in the modern marketplace. Against a backdrop of rising costs and continued economic uncertainty, businesses are under immense pressure to streamline their operations to ensure they work smarter. Artificial intelligence (AI) has emerged as an essential transformative investment for many business leaders, especially when it comes to improving the customer experience (CX).

The core of AI’s impact lies in its ability to make customer interactions more authentic and personal, which is vital in an era where customers value personalised experiences. AI lets businesses tailor their services to individual preferences and needs, moving beyond simple data analysis to better understand and interrogate customer behaviours to more accurately predict their future needs. However, AI isn’t solely a surface level tool; it has the power to completely transform businesses from top to bottom if it’s used effectively, according to NICE.

Rod Lester, managing director ANZ, NICE, said, “AI’s role in enhancing CX isn’t limited to personalisation; it’s also about efficiency. On a fundamental level, AI can be used to reduce manual inefficiencies and labour costs by automating routine tasks and empowering customer service agents to focus on more complex, value-added interactions.

“However, true digital transformation requires business leaders to think smarter about their AI applications and use such deployments to complement and augment their human agents, instead of just simplifying their daily activities. AI is a powerful tool that can give agents actionable insights and capabilities to improve decision-making, which empowers them to offer more effective solutions to customer problems. This relationship between AI and human intelligence is crucial in creating a seamless and satisfying customer journey.”

AI can be used across contact centre businesses to enhance customer self-service options, simplifying the customer journey for more straightforward tasks. This reduces the cognitive load on contact centre agents by freeing them from lower-value tasks, empowering them to focus on more complex activities and customer enquiries. At the same time, AI augments the agent experience by simplifying complex tasks and providing real-time guidance. It also offers access to vast amounts of information, letting agents leverage their experience to handle even the most complex customer enquiries, with AI doing the heavy lifting in the background.

Routine tasks in customer service might include answering frequently asked questions, processing simple transactions, or updating customer details. These tasks are typically straightforward and can often be automated using AI. On the other hand, complex tasks could involve handling customer complaints, providing customised advice or solutions, and dealing with unique or unusual customer requests. These tasks require a higher level of judgement, empathy, and problem-solving skills, which are areas where human agents excel compared to their digital counterparts. In this way, AI aids in automating the routine tasks, letting agents focus more on these complex, high-value interactions.

While business leaders increasingly recognise the role AI plays in business, and its potential to transform operations and workforces for the better, many businesses are still lagging behind in their transformation efforts. The biggest barrier that organisations face is not knowing where to start with AI, or how to effectively integrate it into their processes and workflows for smarter business practices.

Rod Lester said, “Business leaders need to recognise that the key to successful AI integration lies in understanding that AI as a tool needs to be tailored to meet specific business needs and customer expectations, rather than being a one-size-fits-all solution. Organisations must first identify the specific areas of operation where AI can have the most significant impact and focus their integration efforts where they will be most effective.

“AI’s benefits are not confined to customer interactions alone, nor solely beneficial for operating processes. AI influences various facets of organisations, and the holistic impact of AI makes it a versatile tool capable of driving overall business growth and innovation.”

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