* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

The $400 billion opportunity for AI in customer service

November 20, 2023
in Business
The $400 billion opportunity for AI in customer service
Share on FacebookShare on Twitter

Generative AI is predicted to produce billions annually in business value. Here are key strategies to capitalize on the promise.

Not all AI-powered customer service chatbots are created equal—or created well.

Take AVA, the AI-infused customer support bot that AirAsia introduced in 2019. AVA racked up nearly as many customer complaints as case resolutions, forcing AirAsia CEO Tony Fernandes to admit earlier this year that AVA was Southeast Asia’s “most hated AI chatbot.”

AVA, of course, is not the only sad sack in the chatbot universe. (She’s been replaced by a second-generation AI bot, Bo.) Of customers who turned to a support bot from December 2022 to February 2023, only 25% said they would willingly use them again to solve a problem, according to Gartner.

That could soon change thanks to the meteoric rise of generative AI, which promises to make bots’ chat more human by contextualizing customer requests and synthesizing natural-sounding language. Generative AI will generate $404 billion annually in increased productivity and reduced costs for global businesses, according to McKinsey.

With enterprise spending on generative AI projected to hit $1.3 trillion by 2032, many companies have their eye on the customer experience (CX) prize. In retail alone, 63% of companies say they’re exploring how to use generative AI to improve their customer service, according to Capgemini, while Gartner research shows that nearly 40% of companies across all industries plan to make CX the primary focus of their generative AI investment.

Where should companies invest in generative AI strategies to get the biggest payoffs with the lowest risks? Here are four use cases where customer service experts say generative AI can improve experiences for agents and customers.

“Copilot” for live interactions

The pain of mediocre complaint handling—such as ineffectual chatbots, endless wait times to speak to a human, and inexperienced agents—could lose companies future business, risking $887 billion in future revenue, according to the 2023 National Customer Rage Survey.

But generative AI has the potential to alleviate this pain by providing a digital assistant—increasingly called “AI copilots”—for human call center workers, says Maeve Condell, customer success lead for Ultimate, an AI-powered virtual agent platform.

“As a ‘copilot’ for call center workers, a generative AI-trained assistant can help them quickly access information or suggest replies by linking to the customer knowledge base,” says Condell. “We can pass auto-generated replies as an internal note to the ticket, where the agent can quickly review, rework if needed, and send.”

With little risk, an AI copilot can raise human contact center workers’ game by giving them access to actionable solutions quicker and even suggesting language to communicate that information more effectively—a boon for less experienced workers, in particular.

A recent Stanford study shows that contact center agents with access to a copilot saw a 14% boost in productivity, with new or low-skilled workers showing the largest gains. Generative AI levels the playing field, the study’s authors conclude, decreasing inequality in productivity and helping lower-skilled workers significantly.

Creating and training chatbots

Today’s chatbots often rely on identification of keywords that lets them pluck an FAQ from a knowledge base and plop it into a window, asking antiseptically, “Does that solve your problem?” It’s annoyingly hit-or-miss, and the communication style is flatly impersonal.

While it may currently be too risky to let a generative AI bot directly interact with customers without a human in the loop, their synthetic language capabilities can be used to glow up existing customer service bots. Think of it as “My Fair Chatbot.”

“Using generative AI as a part of the chatbot creation process is one of the most promising use cases at present, and certainly the least risky,” says Benedikt Schönhense, co-founder and head of data science at Springbok AI.

Schönhense suggests that companies use generative AI to paraphrase questions a customer might ask and even generate sample conversations, automating large parts of the training. Further, they can use generative AI to test an existing chatbot by simulating user inputs with prompts from a human tester, with different levels of granularity.

Best of all, the generative AI training process can infuse whatever style and tone of communication the company wants to project, from warm yet authoritative to low-key casual, depending on the customer base.

Tracking interactions over the life of a support ticket

Everybody knows the mind-numbing agony of explaining the same issue to multiple agents over repeated calls. “Personally, I’ve been in support loops where I’ve had the exact same conversation with three or more people to get something resolved,” Schönhense notes.

But generative AI’s capacity to synthesize and summarize is a true superpower that companies can and should deploy in customer service, removing this pain point for both the customer and the support worker.

This is especially helpful when that communication occurs over multiple channels, such as combinations of phone, email, web, app, and social media interactions.

“For a customer support agent to understand what has happened with a customer who is at the breaking point, now you may need to read a five- or six-long email chain or a support ticket with lengthy notes from five or six different interactions,” says Vijay Vittal, product innovation lead with LocoBuzz, an AI customer support platform. “With generative AI, case summaries can be automatically generated to fit in five or six sentences to get the agent up to speed and get the customer off the ledge.”

Training and onboarding new call center workers

The attrition rate of call center employees is brutal; in 2022, the average turnover rate was 38%. And most call center agents—55% of them, according to a Salesforce survey—say the training they receive is insufficient to provide quality customer support.

Much like generative AI can be a great tool to train chatbots, it can also be used to train call center workers with simulated conversations, both familiarizing them with the types of issues they’re being asked to handle and preparing them to use generative AI as a copilot.

“This is absolutely a low-risk, high-reward use case,” says Condell. “Using this tool can get new or low-experience workers up to speed much faster, and it is offline and a safe, low-stress way to train before direct customer interaction.”

Condell adds that one Ultimate customer with complex internal processes says that they envision using generative AI to cut the time it takes to train a new support agent in half.

Today, the human touch is essential for ensuring not only the safe deployment of this technology, but also extracting the greatest ROI from it. Keep a human in the loop: As companies look to mine gold from generative AI, consider it the golden rule.

This article was originally published on The Works

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/1248614/the-400-billion-opportunity-for-ai-in-customer-service.html

Tags: billionbusinessOpportunity
Previous Post

From Academia to Market: How can we help startups emerging from universities? 

Next Post

How machines learned to chat

Trailer: Netflix Animation Welcomes Viewers to the Whimsical World of Dr. Seuss! – Animation Magazine

Trailer Unveils the Whimsical World of Dr. Seuss in Netflix Animation!

August 8, 2025
Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy – Fortune

Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy – Fortune

August 8, 2025
SPC Health Programs Showcase: Featuring Nursing, Radiography, and Surgical Services Degrees – St. Petersburg College

Explore Exciting Career Paths in Nursing, Radiography, and Surgical Services at SPC Health Programs Showcase

August 8, 2025
Top Trump officials discussed Epstein at White House meeting Wednesday night – CNN

Top Trump officials discussed Epstein at White House meeting Wednesday night – CNN

August 8, 2025
A quilt-themed exhibit is coming to NYC’s American Folk Art Museum this fall – Time Out Worldwide

Discover the Magic of Quilts: Don’t Miss This Captivating NYC Exhibit This Fall!

August 7, 2025
Maximizing pasture potential, the science behind multi-species grazing – Beef Magazine

Unlock the Full Potential of Your Pasture with Science-Backed Multi-Species Grazing Strategies

August 7, 2025
The Council for Responsible Nutrition announces Science in Session theme and lineup – Nutritional Outlook

Council for Responsible Nutrition Reveals Thrilling Science in Session Theme and Speaker Lineup

August 7, 2025
Alibaba Upgrades Taobao Lifestyle Experience with New Cross-platform Loyalty Program – Alizila

Alibaba Upgrades Taobao Lifestyle Experience with New Cross-platform Loyalty Program – Alizila

August 7, 2025
BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

August 7, 2025
Sports card industry leaders on what’s working and why trust needs to be improved – The New York Times

Sports card industry leaders on what’s working and why trust needs to be improved – The New York Times

August 7, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (759)
  • Economy (783)
  • Entertainment (21,659)
  • General (16,341)
  • Health (9,822)
  • Lifestyle (792)
  • News (22,149)
  • People (783)
  • Politics (792)
  • Science (15,995)
  • Sports (21,279)
  • Technology (15,762)
  • World (765)

Recent News

Trailer: Netflix Animation Welcomes Viewers to the Whimsical World of Dr. Seuss! – Animation Magazine

Trailer Unveils the Whimsical World of Dr. Seuss in Netflix Animation!

August 8, 2025
Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy – Fortune

Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy – Fortune

August 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version