{"id":43184,"date":"2023-06-29T07:00:40","date_gmt":"2023-06-29T05:00:40","guid":{"rendered":"https:\/\/enreach.es\/?p=43184"},"modified":"2023-12-13T12:09:10","modified_gmt":"2023-12-13T11:09:10","slug":"what-is-the-role-of-generative-ai-in-modernizing-the-customer-experience","status":"publish","type":"post","link":"https:\/\/enreach.es\/en\/blog\/what-is-the-role-of-generative-ai-in-modernizing-the-customer-experience\/","title":{"rendered":"What is the role of generative AI in modernising the customer experience?"},"content":{"rendered":"<p style=\"text-align: justify;\">Artificial Intelligence (AI) is revolutionising many aspects of business operations, particularly customer service. The use of bots to handle high-frequency, low-complexity tasks is well established.<\/p>\n<p style=\"text-align: justify;\"><strong>Most customer interactions now start digitally, with <span style=\"text-decoration: underline; color: #7a17f8;\"><a style=\"color: #7a17f8; text-decoration: underline;\" href=\"https:\/\/enreach.es\/en\/customer-engagement\/occ\/artificial-intelligence\/\">AI-powered bots<\/a><\/span> or intelligent virtual assistants (IVAs) accounting for around 85% of these interactions, according to ZK Research.<\/strong> With the advent of generative AI, bots can handle even more complex transactions.<\/p>\n<p style=\"text-align: justify;\">Despite these advances, there are situations where generative AI falls short, particularly when customers are unable to resolve their queries effectively. <strong>This underscores the importance of human involvement in customer service, especially when it comes to complex issues and problem solving.<\/strong><\/p>\n<h2 style=\"text-align: left;\"><strong><span style=\"color: #39006c;\"><span style=\"color: #ac96ff;\">THE IMPACT OF AI<\/span> ON CUSTOMER EXPERIENCE<\/span><\/strong><\/h2>\n<p style=\"text-align: justify;\">The customer experience is now the most important brand differentiator, surpassing other factors such as price and product quality. According to data from ZK Research, two-thirds of millennials have changed their brand loyalty based on a single bad experience. <strong>Today, 90% of companies compete on the basis of CX, a significant increase from 28% five years ago. Improving the customer experience is a top priority for organisations with digital transformation initiatives.<\/strong><\/p>\n<p style=\"text-align: justify;\">In short, AI is likely to impact most business or customer interactions. <strong>78% of organisations plan to invest in AI to improve the customer experience.<\/strong> Companies that provide a superior experience continue to be patronised by customers, who remain loyal to the brand. On the other hand, those that don&#8217;t provide a good experience struggle to retain customers.<\/p>\n<p style=\"text-align: justify;\">Generative AI makes it easy to quickly personalise customer interactions thanks to its ability to analyse vast amounts of data. <strong>Natural language processing (NLP) tools powered by generative AI, such as OpenAI&#8217;s ChatGPT, are democratising AI beyond the realm of specialised companies.<\/strong> Such tools are now available to everyone.<\/p>\n<h2><strong>LINGUISTIC MODELS AND EVOLUTION OF <span style=\"color: #ac96ff;\">INTELLIGENT<\/span> <span style=\"color: #ac96ff;\">VIRTUAL ASSISTANTS<\/span><\/strong><\/h2>\n<p style=\"text-align: justify;\">Intelligent Virtual Assistants (IVAs) have had a mixed reception, ranging from scepticism to outright dislike, mainly due to their limited intelligence without AI. <strong>An IVA is another form of Interactive Voice Response (IVR) which, despite its role in customer service, has been more frustrating than helpful to users.<\/strong> One of the main problems was the lack of integration between systems, with agents failing to capture the information entered into an IVR. The same was happening with IVA.<\/p>\n<p style=\"text-align: justify;\"><strong>With the implementation of large linguistic models, IVAs have become more conversational. Instead of using specific phrases, users can now communicate using natural language.<\/strong> Some IVAs have improved to the point where human agents are preferred in certain scenarios due to their speed and lack of waiting time.<\/p>\n<p style=\"text-align: justify;\"><strong>Applying AI to IVAs has made them smarter, more accurate and more capable, resulting in a significantly improved customer experience.<\/strong> People can speak in their own voice and be understood, without having to adapt their speech patterns to the needs of the software.<\/p>\n<h2><strong><span style=\"color: #ac96ff;\">CHANGING METRICS<\/span> FOR CALL CENTRE PERFORMANCE<\/strong><\/h2>\n<p style=\"text-align: justify;\">In the age of AI, traditional performance metrics such as average handle time and first call resolution are becoming increasingly irrelevant. <strong>Artificial intelligence and advanced routing systems have enabled contact centres to handle complex transactions such as mortgage processing in a single call, improving customer satisfaction and potential revenue generation.<\/strong><\/p>\n<p style=\"text-align: justify;\">In addition, the customer journey is now a key focus for call centres. <strong>The new performance metric ensures that customers who need human intervention reach an agent quickly, while others are served efficiently by AI.<\/strong> This represents a significant shift from high frequency, low complexity interactions to high quality, high engagement interactions.<\/p>\n<h2><strong>THE STRATEGIC APPROACH TO <span style=\"color: #ac96ff;\">AI ADOPTION<\/span><\/strong><\/h2>\n<p style=\"text-align: justify;\">Organisations looking to adopt AI should take a strategic approach, which includes identifying key business use cases. For certain use cases, such as understanding the nuances of customer queries, generic AI may not be sufficient. <strong>This is where &#8216;custom AI&#8217; comes in, designed and trained to handle more complex queries.<\/strong> Therefore, <strong>companies may need to build AI models using unique data sets that meet specific needs.<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Human oversight remains essential in the use of artificial intelligence, especially in critical applications such as healthcare and finance.<\/strong> All companies should have policies in place to implement technologies such as ChatGPT effectively and ethically.<\/p>\n<p style=\"text-align: justify;\">Companies should ask their vendors how they plan to integrate AI, and assess their own data to determine if they are ready to take advantage of it. <strong>Although it&#8217;s still early days, there will be many new opportunities and challenges ahead as we move into an exciting future with artificial intelligence at the forefront.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial Intelligence (AI) is revolutionising many aspects of business operations, particularly customer service. The use of bots to handle high-frequency, low-complexity tasks is well established. Most customer interactions now start digitally, with AI-powered bots or intelligent virtual assistants (IVAs) accounting for around 85% of these interactions, according to ZK Research. With the advent of generative&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/enreach.es\/en\/blog\/what-is-the-role-of-generative-ai-in-modernizing-the-customer-experience\/\" title=\"Read What is the role of generative AI in modernising the customer experience?\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":7,"featured_media":44743,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[5191],"tags":[3787,4499,4002,3308,3216,5163,3768,3427,5146,4819,3309,3788,3383],"class_list":["post-43184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smart-contact-center","tag-bots-en","tag-chatgpt-en","tag-customer-interactions","tag-customer-journey-en","tag-customer-service","tag-cx-en-2","tag-data-analysis","tag-digital-transformation","tag-ia-en-2","tag-iva-en","tag-ivr-en","tag-nlp-en","tag-personalization"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the role of generative AI in modernising the customer experience? 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