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How Artificial Intelligence is Changing CX in the Contact Center

Fonolo

Gartner reports that AI chatbots alone can save the contact center industry up to $80 billion in annual labor costs by 2026. Artificial intelligence is not a standalone technology, but rather a tool that optimizes your entire system. Chatbots or conversational AI. By 2031, the savings could grow to $240 billion.

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11 Must Know Call Center Terminologies- A Guide!

Hodusoft

The growth rate of call centers can vary depending on several factors, including industry demand, technological advancements, and outsourcing trends. between 2021 and 2026. IVR (Interactive Voice Response) – IVR is a technology used to automate customer interactions and route calls to the appropriate agent or department.

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Generative AI is Shaping The Future of Contact Centers in 2024

Balto

In fact, the earliest form of generative AI was introduced in the 60s, but of course, computers lacked the computational power needed to make the technology accessible to the masses. According to Gartner, we can expect a five-fold increase in agent interaction automation by 2026.

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2023 Contact Center Report: How Contact Center Leaders Are Improving Efficiency and Doing More With “Less”

Balto

And what role does technology play? Companies are evaluating budget cuts in areas other than technology, which is seen as a deflectionary force against economic uncertainty. The utilization of AI technology has an inverse relationship with pressure levels — the more you use them, the less pressure you and your employees feel.

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Optimizing Call Center Customer Support for Increased Revenue

Tenfold - Contact Center Blog

Updated Technology Solutions. Customer service departments are most effective at generating revenue when they have the right technology. To ensure that leads generated by a real-time referral strategy are used to maximum effect, integration between your contact center system and your sales management system is essential.