Well, first of all, do you agree that waiting long hours just to be in contact with a customer care executive can be so exhausting and irritating at times, yes or no? Especially after getting late and unsatisfactory replies to your queries. It can automatically lead to not so good impression of the brands on the customers. But the AI-powered speech analytics changed the game for marketer’s VOC (voice of customer) programs, where customers are being provided with on-point customer support and a good customer experience.

A speech analytics solution powered by artificial intelligence assists with transcribing 100% of all customer conversations, and it also shares insights, patterns, and metrics with customer support executives in real-time. It also suggests effective solutions to resolve customer queries more efficiently, thus improving the overall customer experience.

Artificial intelligence can be a key differentiator for VOC programs

An important part of the voice of the customer is market research that captures customer expectations and feedback. Businesses can gain a competitive edge by leveraging AI to improve customer engagement, brand loyalty, and customer retention as part of their VOC process.

To find out how AI-driven speech analytics can benefit your business, consider these six points:

1. Analyze the customer journey with speech analytics

Customer journey data analyzed by AI can help businesses comprehend customer behavior at a much deepeAI can be used to analyze customer journey data to gain a deeper understanding of customer behavior marketing. Customer journeys are built and then tested to know how to keep customer relationships seamless.

2. Assess customer sentiment and tailor responses

It is possible to analyze customer sentiment through real-time mining of textual data using AI, which continuously learns and updates. Customer service agents are better able to modify their service based on AI analysis suggestions when they understand what emotions their customers may be experiencing.

3. Enhance productivity

Automation of routine tasks and the speeding up of manual tasks enables Customer Service Representatives to focus on meaningful and complex tasks requiring human intervention, thus allowing them to offer better service to customers. Customer service representatives can even receive virtual assistance from AI-driven tools by answering common questions, making important announcements, and even suggesting keywords based on conversation history. The suggestions will help them to answer questions they otherwise might not have answers to or might not be able to respond to.

4. Make operations more efficient

Artificial intelligence-driven speech analytics solutions classify the calls automatically so that unbiased insights can be discovered, and patterns can be discovered that are visible to the human eye but cannot be extracted by humans. Thus, contact centers can improve their ROI.

5. Loyalty-boosting strategies

In order to improve performance and reduce customer churn, AI can be used to document the actual experience of the customer. A customer’s interest can wane, and this data can be used to suggest a change in response to prevent disengagement.

6. Loyalty-boosting strategies

In order to improve performance and reduce customer churn, AI can be used to document the actual experience of the customer. A customer’s interest can wane, and this data can be used to suggest a change in response to prevent disengagement.

Conclusion

Maintaining a strong and sustainable customer base is essential for building a business that will last.
This is where AI-driven speech analytics can be of help. This technology is already a crucial part of customer service. It not only allows businesses to identify trends from customer conversations and tailor their responses accordingly, but also to identify their strengths and weaknesses, and use customer feedback to upgrade their customer service and products in the long run.
No wonder then that businesses are constantly reinventing themselves or looking out for new ways to create a more conducive customer experience and keep them coming back for more.