article thumbnail

5 Ways to Apply AI and Win Back Business

CSM Magazine

Facilitating customer self-service using automated contact channels, such as IVR and chatbots is a recognised method of reducing strain on contact centers during spikes in demand. Here are 5 ways specialist service bots can play a winning role in your organization’s customer retention strategy: 1. About the Author.

article thumbnail

How to Recession-Proof Your Contact Center, According to 360+ Executives

Balto

Companies that have personal interactions with a large segment of their customers see a 1-2% increase in total sales due to increases in loyalty. Customer acquisition is five to twenty-five times more expensive than customer retention. IVR (Interactive Voice Response) Assistant.