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How Chat Analytics Differs from Voice Analytics - FCR - ContactCenterWorld.com Blog

How Chat Analytics Differs from Voice Analytics

This article originally appeared on the OpusResearch blog on November 16, 2018. Click here to read the original.

Today’s contact centers are overflowing with insights about how to deliver a better customer experience. There’s just one problem: the best insights are housed in the customer conversations (phone call recordings and chat and email transcripts) and it’s traditionally been incredibly time consuming or costly, to garner actionable insights. These are still largely untapped resources and within them are a treasure trove of information that can fuel business success.

Thanks to advances in artificial intelligence, specifically natural language processing, and machine learning, the tide is beginning to turn as voice and chat analytics platforms are becoming more accessible, affordable, and insightful. With many new players in the market, it makes sense to spend a few moments discussing how voice and chat analytics are similar and different while also highlighting some of their key benefits.

A chat analytics platform and a voice analytics platform are like a screwdriver and a hammer. While both are tools aimed at solving a similar problem, they often arrive at the solution in very different ways. Just like hand tools engineered for specific applications, voice and chat analytics platforms are engineered to optimize specific customer support channels.

Voice Analytics

First, let’s look at voice analytics platforms. Key players in the market include i2XCogito, and Gong.io. These tools gain insights and generate recommendations both by analyzing the text of call transcripts and the features of the human voice. There are currently three main approaches for voice or speech analytics:

  • Phonetic – Listening to the call for specific keywords and phrases like, “I’m upset” or “I want to cancel my account.”
  • Full transcription – Converting the entire call into text for the ease of reading and also deeper analysis. This is more resource intensive but also more insightful as well, giving access to every word spoken on the call.
  • Extended speech emotion recognition – Understanding and analyzing not only what is said on a call but how it’s said. The emotion behind a statement helps better understand what a customer said and meant.

In addition to these approaches, some voice analytics platforms analyze the human voice for energy, tone, tenseness, volume, and pace — regardless of what language is actually being spoken.

Chat Analytics

Chat analytics platforms, like RapportBoost, analyze the data generated by a company’s live chat conversations to uncover the drivers of a successful conversation. And the great news is that chat conversations are already converted into text — eliminating the need for transcription.

By using machine learning and natural language processing, RapportBoost understands the conversation between the customer and agent and generates company-specific recommendations for agents regarding their communication style. Imagine the ability to tie often subtle patterns like formality or lack thereof, reassurance, optimal message length, cadence, and word choice back to key business and success objectives like customer satisfaction, closed sales, and first contact resolution.

Building a model that drives better outcomes

Building a voice analytics or chat analytics platform requires significant software development and data science resources. And all too often these tools can sit on the shelf if they aren’t built with the right outcomes in mind.
When done right, the system can analyze the thousands of variables that make up a conversation. It can take note of the actions or words used by agents that are most likely to change the outcome of a phone call or chat — the actions that result in a successful sale. The success of any analytics platform lies in identifying those variables that affect conversation outcomes, determine their impact, and fuel efficient coaching of agents to effectively lead their interaction with a customer or prospective customer.

Beyond the text: Comparing the variables that change outcomes

It’s important to note that the variables that affect the outcomes of chat and voice conversations, while important in each, are different because spoken word is different than written. People use a fundamentally different language for different channels. The challenge regardless of channel is to move beyond just the words to understand tone, emotions, and cadence in alignment with customer expectations. Here are three key variables that are important to watch.

Tone
Both chat and voice offer unique opportunities for expressing tone. Chat relies on grammar, punctuation, word choice, timing, abbreviations, and the occasional emoji. The human voice on the other hand, conveys tone through volume, rate of speech, and variations in pitch. Voice analytics company Cogito learns by analyzing thousands of phone conversations to understand the tone and patterns that lead to success. They then provide guidance to contact center agents in real-time around critical skills like turn-taking (AKA not talking over the customer), tone, empathy, mimicry, and tenseness.

Cadence
Also known as turn-taking, cadence comes naturally (for most) during face-to-face or video conversations thanks to non-verbal cues like facial expressions and body language. It’s not quite so easy via phone and chat. Voice and chat applications mitigate this problem in different ways. On the voice side, i2x and Gong.io analyze recorded calls to recommend an optimized talk-to-listen ratio for customer support agents. For chat, RapportBoost analyzes conversations to recommend optimal formality, message length, reassurance, question type, and timing between messages.

Patterns of speech
Patterns of speech can vary significantly between customer support channels like chat and voice. On phone calls agents are often required to communicate significantly more information and detail to customers. In contrast, customers in chat are communicating on an internet-connected device so agents can link the customer to helpful information like product pages and the company knowledge base. Patterns of speech like volume, tone, and speed of delivery while sharing critical information with customers requires extra care over the phone.

Also regarding speech patterns, it’s important to compare the potential for spontaneous interaction. Chat is de facto linear. Only one message can be sent at a time, and a visual cue often indicates when one party is typing — sometimes even allowing agents to see what the customer is typing. Phone calls on the other hand have greater potential for interruption and improvisation. i2x helps agents stay on track by providing a ‘don’t say list’. Gong.io overcomes this challenge by building a playbook based on top agent’s questions and pricing conversations.

Each customer support channel, whether it’s voice, email, chat, etc holds unique potential for optimization. Voice and chat analytics platforms like those mentioned in this article continue to make huge gains in this area. As you evaluate the tools that are right for your business, it’s important to adopt a platform that aligns with your specific channel mix. It’s also essential to understand the variables in communication for the different support channels to analyze tone, cadence, and speech patterns. Once these are identified and understood, they fuel a coaching and continuous improvement process that will drive your business toward your desired outcomes and beyond.

Source: http://www.gofcr.com/how-chat-analytics-differs-from-voice-analytics/

Publish Date: January 3, 2019


2023 Buyers Guide Analytics

Page: 12
1.) 
3Fiftynine

CardBoard
CardBoard: Real-time data, shows the most important KPI’s in your Contact Center.
Built for data | Designed for business | Empowers teams

2.) 
Acqueon Technologies Inc.

Acqueon's AI-driven conversational engagement software enables sales, marketing and service organizations to engage in emotionally connected dialogs with customers via their channel of choice for significantly improved results. The Acqueon suite adds multichannel campaign management, contact center analytics, desktop, and CRM connectors for your contact center software of choice, including Amazon Connect, Cisco, Nice inContact, and Twilio. Acqueon conversational engagement software leverages the Acqueon IQ platform to aggregate data from the various applications, assemble rich customer contexts, and drive next-best-action using powerful statistical and predictive models.

3.) 
Alvaria

Noble IQ
Turn business insights into actionable intelligence. Noble’s IQsolutions provide you with rich and robust customer data that can transform your business. Automate decision making and campaign management and refine the quality of interactions with precision and efficiency. We have developed proprietary and patented tools to help you make sense of data on your current operations and then help you make strategic decisions to improve performance and efficiency. Identify who your best customers and prospects are and the ideal methods to reach them. Understand what types of campaigns work best for your business and how to optimize underperforming campaigns. And nake real-time decisions rather than looking back to see what went wrong.

4.) 
BPA Quality

Call Center Quality Monitoring
Outsourced call center quality solutions including Multi-lingual, Multi-Channel Quality Monitoring, Call Center Consulting, Psychometrics & Analysis of Customer-Agent Interactions, Cloud-based Quality Analysis Software configured by Needs, Virtual & In-person Training, Speech Analytics & Speech Analytics Management.

5.) 
Call Tracking Metrics

Automate insights from all your customer communications

There's no better way to get to know your customer than through their own communications with your brand. Gain a strategic advantage and a thorough understanding of your customer's full journey with a complete suite of conversation intelligence tools and features. Measure customer sentiment, automatically identify and score qualified conversations, and give strategists everything they need to knock their campaigns out of the park.

Use conversation analytics to:

• Build your ideal customer profile
• Optimize your sales and customer service processes
• Maximize your resources to focus on quality conversations
• Identify trends and customer sentiment in real-time

6.) 
CallFinder

CallFinder speech analytics
CallFinder® is a leading provider of cloud-based SaaS speech analytics, automated call scoring, and speech-to-text transcription technology with sentiment analysis. Our easy-to-use solution is designed to help businesses and contact centers automate quality monitoring to improve agent performance and provide a superior customer experience.

With CallFinder, you get…

100% visibility into agent-customer interactions
100% monitoring of interactions, up from only 5-10%
Scalability of QA reviews with the same size QA team
CallFinder isn’t just your average speech analytics provider. When you work with us, you get unparalleled, continuous support through our MyAnalyst managed client servic...
(read more)

7.) 
ComSys S.A.

CCube for Business Intelligence
CCube by Comsys is a business intelligence application, developed for enterprise contact centers. It delivers powerful, and dynamic reporting that enable managers to gain insight into their business. CCube is natively compatible with Aspect Unified IP and Cisco Unified Contact Center (UCCE/UCCX) platforms
Comsys is a provider of οmnichannel customer engagement solutions that assist companies around the world in delivering unique customer experiences. For the last 15 years, Comsys designs and implements complex projects for clients from the outsourcing, financial services, telecommunications, and retail sectors. Comsys enjoys strategic partnerships with technology vendors like Cisco®, Aspect...
(read more)

8.) 
Consilium Software

Consilium UniInsight™
The days of ‘business as usual’ are a distant memory for most of the world. And when it comes to contact centers, balancing between contact channels, deciding which agent locations or teams are doing well, working out how your customer satisfaction is being impacted by the less-than-perfect work environments of ‘lockdown’ agents…leaders are often at a loss when trying to get such insights from their contact center data. As the technology and business landscape changes, so too must the contact center reporting and analytics solutions that power decision making and performance management. With the new release of Consilium UniInsight™, we have tried to deliver contact center reporting and op...
(read more)

9.) 
CUSTOMER SQUARE

CROSSCRM.CX - CRM Dataviz Module
CROSS-CRM manages daily interconnection with your CRM tools to centralize data and analyse CX on all channels, and is able to provide deep analytics insights.

All the Kpi’S are here for precise control of your Customer Relationship : Interactions - Quality - Satisfaction - Campains forecast MyClient

Filters, Data Extraction, Custom Views, dates sheets, email subscriptions, xls Extracts, images, pdf


PLUS ! Automated extracts
for integration to third party applications.

10.) 
Daisee

Daisee
Daisee builds technology that empowers people to solve problems by making interactions simple and smart so they can have a more significant impact, be more productive and be better at what they do. We believe incremental improvements carry huge potency and provide exponentially greater change for the better.

Genesys customers can now automate risk and quality management using Daisee’s speech and sentiment analytics and remediation workflow software. Daisee helps improve customer experience, ensure regulatory compliance, identify missed commercial opportunities & training requirements as well as provide valuable insights back to the business directly from the frontline – the true voice-of-...
(read more)

11.) 
DialogTech

DialogAnalytics™
Powered by AI, DialogTech’s DialogAnalytics analyzes conversations to provide marketing and sales teams a wealth of insights for smarter optimizations. With the power of conversation intelligence, you can learn which channels, ads, keywords, and webpages drive the best sales calls, if the caller converted, and more.

AI analyzes how calls are handled at locations and call centers to detect issues that negatively impact ROI. See what percentage of calls go unanswered and who is best (and worst) at converting callers to appointments and customers. Get email alerts when phone leads are mishandled at locations so those leads can be called back right away.

With DialogAnalytics, you can get a...
(read more)

12.) 
eGain Corporation

eGain Analytics
eGain Analytics makes it easy to measure, analyze and refine your contact center operations, knowledge and web customer experience. Create informative reports, charts and dashboards effortlessly. Slice-&-dice the data in any number of ways and use it to manage the business effectively.

1. Operational Analytics™ empowers the business to measure and manage the call center directly and without IT involvement.
2. Knowledge Analytics™ provides insight for eGain’s knowledge and AI applications.
3. Digital Analytics™ measures contact center performance within eGain’s digital channel applications.
4. Journey Analytics™ captures customer behavior on the website—identify the churn points and cre...
(read more)

13.) 
eGain Corporation

eGain Analytics
eGain Analytics makes it easy to measure, analyze and refine your contact center operations, knowledge and web customer experience. Create informative reports, charts and dashboards effortlessly. Slice-&-dice the data in any number of ways and use it to manage the business effectively.

14.) 
ethosIQ, LLC

ethosAnalytics
ethosAnalytics leverages data to provide business intelligence to enhance the customer experience and beyond. The analytics dashboards are customized based on client needs. ethosAnalytics enables data-driven decisions in seconds or minutes - not days or weeks.

15.) 
Lieber & Associates

Contact center Analytics and Metrics
Lieber & Associates provides services to develop, interpret, and improve contact center metrics and analytics. The firm's experience spans forecasting, customer service, order-taking, lead-qualification, sales, segmentation, media-source-tracking, and testing design. L&A's president pioneered segmentation for telephone scripts and the tri-level service level metric. He brings broad analytics experience to contact centers.

16.) 
MiaRec, Inc.

MiaRec Voice Analytics
A powerful new addition to our Customer Engagement Suite, MiaRec Voice Analytics provides a complete quality management solution that records, monitors, organizes, and scores your customer interactions. MiaRec Voice Analytics humanizes your data, empowering you to make real decisions about your customer service operation. Unlock the needs, wants, and concerns of your customer base while upskilling your staff, identifying service gaps, and tackling compliance.

Our Voice Analytics solution produces a detailed picture of your call center, highlights the topics you want to see, and helps you get ahead of disputes, reverse churn, and seize emerging business opportunities. With a fast and low l...
(read more)

17.) 
Navedas

CSAT.AI
CSAT.AI measures if the customer’s questions were answered, how empathetic was your agent and the customer’s sentiment to predict a CSAT score without pesky surveys, all in real time. QA is modernized and the CX game is improved - no matter if your agents are at their home or your office.

CSAT.AI automates QA, analyzing 100% of text, email and chat interactions. Without spreadsheets or manual entry, managers have comprehensive data to guide decisions - no need to even be in the same location!

CSAT.AI helps you protect your company and your people. Did a customer just threaten to sue you or abuse your agent? Now you know with real time push notifications.

CSAT.AI provides granular details by issue (delivery delay etc) or agent score.

18.) 
OpsTel Services

VIEW
With OpsTel VIEW™, you are able to monitor and immediately audit your agent profile data for accuracy and compliance across the entire contact center solution stack.

Features:

*OpsTel VIEW™ tracks down unused stale profile licenses and provides clients with detailed audits explaining their location, current and historical status
*Comprehensive audit across the enterprise, it only takes 10 minute
*Provides a view in to the data accuracy of agent profiles across multiple applications
*Drastically speeds up audit and validation processes
*Validates actions to implement for profile data integrity issues across multiple applications
*Can also assist in ensuring access level compliance...
(read more)

19.) 
Pointel

CXi - Customer Experience Insights
Pointel CXi, the IVR analytics platform, maps the entire customer journey and analyzes calls end-to-end to turn data into actionable insights. Centralized reporting is essential for seamless customer journeys, as it is critical to know where calls are transferred or abandoned.

CXi generates multiple reports on IVR performance, the Customer-IVR interactions, and sticking points in the IVR that cause customers to struggle. CXi’s IVR Analytics platform provides a comprehensive understanding of customer engagement.

Pointel Customer Experience Insights (CXi) delivers actionable information that enables businesses to reduce customer effort, operational costs and increase contact center effi...
(read more)

20.) 
PRILINK

SIP-Trunk Demarc Monitor
Analyzes SIP signalling and RTP audio stream of every call passing through the network demarcation point. Provide a real time 24/7/365 network baseline database that contains the IP bandwidth, call traffic of up to 128 voice groups, Call Detail Record (CDR), call blockage and MOS voice quality. All information are displayed in SIP-Trunk dashboards and are used in many applications, such as Telco collaboration, UC/CC analytics, Work Force Optimization (WFO) and caller identification.
 
Page: 12



View more from FCR

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