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HOW ARTIFICIAL INTELLIGENCE


        TRANSFORMS CUSTOMER ENGAGEMENT




                          Today’s customers demand personalized experiences at every

                          step of  their lifecycle.  As such,  businesses  are increasingly
                          resorting  to  Artificial  Intelligence  (AI)  to  improve  experience

                          by understanding customers better and predicting their needs.
                          Here are four ways in which AI will transform the way enterprises
                          engage with customers in the near future.


                                                                        - Pravin Vijay, AVP - Marketing, Flytxt




               2C firms across industries are often  1.  Engage ahead of time

               criticized for inconsistent customer          Customer service processes and teams
       Bexperience. This is typically                        are typically designed and trained to

        attributed to a firm’s shortfalls in gauging         operate in reactive mode.
        the preferences of each individual
        customer. The outcome is that customers              However, engaging on time has emerged

        are often left with a profit-reducing                as the new goal over the last few years.
        frown rather than a revenue-boosting                 You see, when it comes to customer

        smile on their face.                                 engagement, an early bird approach

        As a result, firms are increasingly                  has never been a part of the game.
        resorting to the use of new technologies             This is partly due to the lack of ways
        to help them satisfy customers.

        According to The Economic Times, 63.5%
        of telcos are currently investing in new
        technology, such as AI and analytics.


        It has been proven that Artificial
        Intelligence and Machine Learning can
        help enterprises gain deeper insights into

        customer behavior and intent at scale
        and in real-time.

        So, here are four ways in which AI will

        visibly transform how enterprises engage
        with customers in the near future. And,
        thanks to the advancements in AI and

        automation technologies, they are not as
        futuristic as you might think.



       10                                                                              INSIGHTZ - VOLUME 03, 2018
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