The customer service industry has long been exploring the potential of AI, with hundreds and thousands of providers already crowding the market and promising various benefits. Further, the recent boom of Generative AI has exponentially changed the landscape, and the rapid pace of development has left CX and customer service leaders grappling with a new set of challenges.
It’s become increasingly difficult to separate the noise from the real deal.
Leaders, in such situations, as they’ve done in the past, ask: What’s in it for me? They want to see the value for their customers and employees, and the impact on their business. This is where Interactions has consistently excelled.
Dive into our recent press release for an overview of the significant business outcomes for clients, underscoring our commitment to driving meaningful change in the customer service landscape.
Interactions, an innovating force in AI for Customer Service, continues to set the standard for excellence. With relevant AI innovation spanning over 20 years, we’ve established ourselves as a trusted partner to some of the world’s leading brands, delivering craveable customer experiences and driving tangible results.
Impact to the Bottom-Line: From the Bottom of Our Hearts
Our recent press release highlights our continued success in providing omnichannel customer-experience (CX) excellence, including delivering more than $300 million in value annually to our top customers through AI-generated savings and cost avoidance.
This figure is one way to reflect real-world impact our solutions have on businesses’ bottom lines.
Beyond the monetary savings, our Intelligent Virtual Assistant (IVA) solution has been instrumental in performing the equivalent work of nearly 4,000 traditional full-time agents in just 90 days.
This statistic holds significant weight, emphasizing that our aim isn’t merely labor savings. Instead, it’s about empowering human agents to focus their attention on issues that genuinely require human intervention.
By alleviating their workload of routine inquiries that can be efficiently handled by machines, we not only enhance operational efficiency but also enrich the lives of our agents, allowing them to engage in more meaningful and impactful interactions with customers.
Beyond Numbers: Stories of Milestones and Success
Behind these figures are stories of milestones and success achieved by our clients. A Fortune 100 company, for instance, achieved a groundbreaking milestone as our first client to eliminate more than 60 million agent minutes annually, elevating their operational efficiency to previously unimaginable levels.
Meanwhile, our energy and utility clients have achieved remarkable success rates, with over 90% customer self-service success rate in payments collection. This isn’t just about processing payments; it’s about tackling the complexity inherent in payment processes. It also involves handling various aspects such as payment arrangements, ensuring revenue protection, and fostering customer goodwill at scale.
Taking the Innovation Route: Pushing Boundaries and Setting New Standards
Moreover, our commitment to innovation is unwavering, as evidenced by our recent advancements and product enhancements. Interactions has continued to push the boundaries with groundbreaking initiatives such as Generative AI adoption for enhanced customer engagement. This integration of Generative AI into our omnichannel IVA platform empowers clients to capture and analyze millions of monthly customer data points on public and private social channels, prioritizing urgent issues and enhancing agent efficiency with AI-generated responses.
Additionally, the launch of our revolutionary Agent Assist tool, that we call Task Orchestration, marks a fundamental breakthrough in customer service automation. Unlike traditional approaches that escalate complex inquiries to human agents after an initial attempt at automation, our solution ensures seamless continuity throughout the customer interaction. Customers are seldom put on “dumb-hold” or transferred, even when presenting complex inquiries such as refunds or cancellations. Instead, AI continues to front-end the conversation, seamlessly spawning off parts of the tasks that it cannot handle to a human agent. These agents are equipped with structured tasks and workflows, enabling them to efficiently address inquiries in the back-end. This not only saves agents a ton of time but also enhances the overall customer experience, reducing wait times and frustration.
Furthermore, our dedication to innovation is underscored by our recent achievements in securing three new patents, bringing our patent library to over 2,100 patents in AI and Natural Language Processing (NLP).
Leadership Perspective: A Vision for Excellence
As we look to the future, Interactions remains dedicated to driving innovation and delivering exceptional results for our clients.
Our CEO, Mike Iacobucci, encapsulates this commitment perfectly: “Our longstanding partnerships with Fortune 100 companies across various industries including banking, insurance, retail, high-technology and automobiles attest to our dedication to delivering exceptional results and driving meaningful impact. We are proud to stand as a trusted ally to our clients, helping them elevate their customer experiences and achieve sustainable success.”
A Journey Forward in the AI for Customer Service Landscape
The journey of navigating the AI landscape may seem daunting at times, but you know AI is an enabler only. It’s what we do with AI that counts. And let’s not forget that behind every statistic that AI impacts, there’s a human story. Each successful interaction, every dollar saved, and every milestone achieved represents a step forward in the journey towards customer service excellence.
At Interactions, we’re not just in the business of AI; we’re in the business of making a difference—one conversation at a time. So, as we look to the future, let’s keep pushing the boundaries of what’s possible and strive to create experiences that not only meet but exceed expectations.
