Genesys E-book: How to Drive Real Value from AI in Your Retail Contact Centre
Artificial intelligence. Machine learning. Predictive analytics. Abstruse and technical? Perhaps — but you don’t need to get into the algorithms to appreciate what they can do.
The various flavors of artificial intelligence (AI) are making a difference across many areas of business — but perhaps most plainly in the customer contact centre. Because when applied to common customer problems, a little AI goes a long way. A chatbot can answer a hundred customers at once; an analytics engine can show you where the bottlenecks are in your processes; predictive algorithms can forecast what customers will do before they do it.
Gartner predicts AI technologies will deliver $1.2tn of business value in 2018 alone.
Soon, the human agent may be refocused on more challenging tasks – relied on to deal with complicated escalations and provide humanity and warmth when it really matters. But the value of AI goes further than cost savings and resource efficiencies. The opportunities it opens up can change your entire business strategy for the better. Because the benefits it offers aren’t incremental; they’re paradigm-busting.
The spoils of AI go to managers who recognise where these technologies can best be put to work. AI can help you hit even the most ambitious growth targets — while fundamentally changing your business for the better.
Let’s take a look at where that value can be added — and why it’s not scary, but empowering. Here are some truths about the rise of AI, with some common myths exploded as a bonus.
Make sure AI can intervene, not just interact
The sci-fi version of AI is of a talking machine, humanoid or other beings. But the huge majority of AI in use today isn’t focused on the spoken or typed conversation; it’s deployed before that conversation begins, routing the call intelligently based on insights made from data.
What does that involve? It’s all about the data. Based on thousands or millions of data points, algorithms help you assess how customers behave in different situations, comparing situation A with situation B across many examples and seeing what causes or correlates. When a fresh call comes in, the AI is ready to use those learnings to make the experience smoother for the customer.
“Customer contact centres are most efficient when they are able to automate routine tasks and quickly route callers to human agents who can solve issues in a timely and courteous fashion.” — Communications of the ACM
That might mean noting that a customer has ordered product X, and buyers of product X tend to make a first service call to the helpdesk between 14 and 21 days after purchase. So the AI routes that call to a technical agent with a record of handling such calls successfully. Or it might notice an out-of-pattern behavior from a major account, and pre-escalate the call so they’re instantly put through to someone senior.
What matters here is that it’s the algorithm — the AI — making the decision. No human coder programmed its behavior. The AI is taking action based on what seems to have worked before. A lot of AI happens before a word is spoken.
AI’s ability to handle multiple conversations = KER-CHING for eCommerce
Of course, AI technology can – and does – take part in the customer conversation. Many of the chat windows you see in service applications are “manned” by software robots (bots), not people. They work best when a customer’s queries cover a known set of subjects, because the AI can be equipped with an equally solid set of responses.
(Keep in mind a large proportion of trouble tickets cover the same few subjects, again and again. You don’t need a human agent to handle a simple password reset.)
AI, of course, doesn’t need a salary and won’t get irritable when it deals with the same query for the thousandth time. But more importantly, an AI chatbot can deal with hundreds of customer conversations simultaneously.
We humans may think a hundred people typing queries on their keyboards makes for a busy scene. But a computer’s “experience” of humans is that we’re glacially slow and mostly absent, swooping in on rare occasions to type a few characters. Just as billions of people use Google daily, an AI chatbot can “talk” to many customers at once.
With companies spending $1.3 trillion on over 250 billion service calls a year, any firm that can integrate AI successfully to work alongside human agents is looking at serious ROI.
Let retail customers serve themselves, and save big on resources
Let’s be blunt: the most successful service interaction is where your agent never had to get involved. Just as decades ago bank customers found they much preferred a quick visit to an ATM over waiting in line inside the bank, retail customers generally prefer self-service applications to phoning the contact centre.
70% of customers prefer messaging over voice — IBM Watson
That makes self-serve apps a high priority for the retail contact centre. But AI can do more than open a chatbot window. By “learning” behavioral patterns and discerning customer priorities, it can give the customer options and links likely to be of most use — designing and redesigning the self-service user experience on the fly, in a way that’s invisible to the customer but of great utility to her. With a positive effect on things like cart abandonment and churn rates.
Customers like self-service, because they feel in control. Business leaders like it too, because they can serve customers faster and more effectively at lower cost. With AI, it’s a win for both.
For the retail contact centre, AI is an ally, not a usurper
Finally, let’s make it clear that the rise of the machines doesn’t lead to a downfall for the humans in your organisation. In fact, a major benefit of AI is as a helping hand for agents, allowing them to be more effective in their work. Think of AI as more your trusted sidekick than overlord-in-waiting.
“AI will enhance their skills and allow them to move beyond routine tasks, like collecting and reporting information, to customer interactions requiring deeper insight and analysis” — Forrester
Just as AI-empowered self-serve apps offer the customer the right choices at the right time, AI in the contact centre can replace multiple screens of information with just the right data required for the call. It means faster handling times, greater empathy from agents, deeper shared understanding of the problem that shows customers they are through to someone who can really help.
That all makes for a more effective — and happier — agent. And we all know the effect happy employees have on Net Promoter Score.
AI is your competitive advantage, not your competitor
There’s huge confusion about AI and what it means for business. So being the manager who “gets AI” is a great plaudit. Why not become that go-to-person for artificial intelligence?
The four reasons above are a start. But as a general rule, look for the business opportunity of any AI-based solution as well as the immediate practical outcome.
If it saves money, requires fewer resources, improves KPIs or simply performs faster and smoother, great. But open your mind to broader and deeper possibilities. What if the AI-enabled application predicting the number of calls at peak times could also predict peak periods of demand for a certain product – informing your supply chain decisions as well as your customer service ones? Alternatively, imagine your AI not just managing your trouble tickets but learning from what they say, and recommending improvements to your basic business processes as a result?
AI is learning a lot from data. But we can learn a lot from our AI. And the manager with a sense of what they can do — both now and tomorrow — is well placed to be the organisation’s innovator-in-chief.
Takeaways:
- AI is not an overbearing master, but a loyal servant
- There are many uses of AI beyond the customer conversation
- AI can plan ahead to make every customer interaction productive
- Managers can understand the promise of AI without needing to understand the code
- AI is more than a ‘helping hand’– it can help you improve fundamental business processes connecting to the right agents at the right time for superior experience
Your contact centre: business expense or profit centre?
To find out more, download the guide today.
