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Industry Research : Study Shows Which Industries Offer The Best Customer Service

Most companies claim to put a lot of emphasis on quality customer service and maintaining customer loyalty. Currently, communication and financial services companies are doing a better job than other industries at using customer service as a strategic differentiator because they are most sophisticated and proactive in terms of the type and depth of contact centre technologies implemented.

A study commissioned among US companies by Genesys Communications Laboratories, Inc., an Alcatel-Lucent company (Euronext Paris and NYSE: ALU), has shed new light on which industries are leading the charge in customer service offerings, and which are lagging behind. The study polled 385 contact centre managers from communication, financial services, insurance, government, utilities and healthcare organisations to determine what business practices and technologies were being deployed or planned for improving the customer experience.

One common characteristic - a strong likelihood that companies not currently using an IP-based contact centre will implement one in the next two to three years. In fact, 66 per cent of financial services companies, 45 per cent of communications companies, 58 per cent of utilities and 83 per cent of healthcare companies not using the technology are moving toward IP installations.

"Consumers often have intuition about which industries offer the best customer service experience, and which ones use more dynamic customer service technologies," said Paul Segre, CEO, Genesys. "This research gives us insight into where each vertical segment is in the adoption continuum."

The research also indicates that government organisations have more clearly defined measurements for contact centre performance, agreed upon by both contact centre managers and executive management. However, they still lag behind other industries, having fewer installations of dynamic contact centre technologies, such as outbound calling, customer-to-agent e-mail, instant messaging or Web callback.

Utilities also fared well for an internal agreement of contact centre measurement, while the other industries examined showed a significant disconnect between the goals and objectives of the contact centre manager and that of senior management.

Additional key industry findings from the research included:

  • Although almost two-thirds of the financial services companies are not currently using an IP-based contact centre, over half of them are likely to implement one in the next two to three years, enabling them to integrate multiple channels of customer contact.

  • Insurance companies are the highest users of touchtone IVR as 92 per cent of those surveyed are using the technology.

  • Communication companies are leading in use of SMS/text messaging and Web chat, significantly higher than any other industry.

  • Only 23 per cent of healthcare contact centres are likely to attempt up- or cross selling because they view the practice as "not appropriate" or because it would involve time-consuming training requirements.

  • Customer satisfaction measures are least important to government agencies when judging the success of the contact centre.

  • Utilities have the highest levels of outsourced staff - 31 per cent. An additional 30 per cent are considering outsourcing in the future.

About Genesys:
Company LogoGenesys® powers 25 billion of the world’s best customer experiences each year. Our success comes from connecting employee and customer conversations on any channel, every day. Over 10,000 companies in 100+ countries trust our #1 customer experience platform to drive great business outcomes and create lasting relationships. Combining the best of technology and human ingenuity, we build solutions that mirror natural communication and work the way you think. Our industry-leading solutions foster true omnichannel engagement, performing equally well across all channels, on-premise and in the cloud. Experience communication as it should be: fluid, instinctive and profoundly empowering.
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Today's Tip of the Day - 100% Recording

Read today's tip or listen to it on podcast.

Published: Friday, August 1, 2008

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2024 Buyers Guide Artificial Intelligence

 
1.) 
Call Adapt

Soundboard Software
Call Adapt is a cloud-based digital soundboard application designed for contact centers. It works with any type of call and integrates with your existing dialer system. Powered by smart audio technology, Call Adapt gives your agents the ability to converse with customers in real time using programmed keyboard shortcuts. The result is perfect pitch delivery and less time spent on repetitive tasks.

2.) 
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)

3.) 
eGain Corporation

eGain Knowledge+AI
eGains omnichannel customer engagement solutions power digital-first experiences for leading brands. Infused with AI, machine learning, knowledge and analytics, our award-winning platform helps clients automate and optimize customer journeys via virtual assistance, messaging, social, mobile, web, and contact centers.

4.) 
LivePerson

Automate up to 70% of messaging conversations on your website, SMS, Facebook Messenger, Apple Business Chat, WhatsApp and more. LivePerson has a complete solution to create, manage, and optimize bots for businesses of all sizes.

5.) 
MFE International

Oracle Digital Assistant
The next generation state-of-the-art text and voice AI Chatbot . No coding required.
Reduce call volumes by 30-60%. Reduce waiting times

6.) 
Vads

VADS Smart Chat Assistance
VADS Smart Chat Assistant is a computer program that conducts a conversation via auditory or textual methods.

VADS Smart Chat Assistant is an artificial intelligence (AI) program that simulates interactive human conversation using key pre-calculated user phrases and auditory, visual, and text-based signals.


Benefits :
- Reducing operational workload
- Increase customer engagement and customer experience
- Save on operating costs
- Provide insight into the customer

7.) 
Summatti

Analysis that empowers your business
Get actionable insights from all your customer interactions

8.) 
Teckinfo Solutions Pvt. Ltd.

InterDialog UCCS
InterDialog UCCS with its AI based bots helps organizations in manpower optimization & elevating the customer experience . With NLP & NLU (natural language processing & understanding), our bots can do intent mapping & take the customer service to new heights. If need be the conversation with virtual agent can be transferred to a human agent for omni-channel customer experience.

9.) 
Teneo AI

Openquestion
OpenQuestion revolutionizes customer experience and operational efficiency by automating first response when customers call your contact center. Designed for platform independence, connect to existing technology infrastructure no matter how your call center tech stack is designed. Utilizing advanced AI techniques, a patented Teneo Linguistic Modeling Language (TLML), and integrated conversational context to evaluate and understand what customers need, evaluate sentences, recognize word patterns, and clearly identify caller needs.

This functionality interprets caller intent and swiftly routes customer calls to the most suitable agent, providing details of the request before the agent picks up. Additionally, automation can be added to handle customer queries without human intervention.

10.) 
virtualQ

virtualQ’s AI-based, enterprise solutions
virtualQ GmbH designs and develops enterprise software that enables companies to control incoming calls to its service centers 24/7 without waiting times. We offer an intuitive virtual assistant platform that reduces waiting times on the phone, provides information to callers, answers recurring customer inquiries, collect customer satisfaction surveys, and display a data dashboard to track performance. We employ artificial intelligence to provide intelligent call-backs, appointments, FAQ bots, voice IVR, virtual assistants, high call volume management, and more! All of our products and services are quick add-on solutions for companies who want to take advantage of AI.
 

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