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How Artificial Intelligence is Changing CX in the Contact Center

Fonolo

If there’s one thing managers need to understand about digital transformation, it’s how artificial intelligence is changing CX in the contact center. Gartner reports that AI chatbots alone can save the contact center industry up to $80 billion in annual labor costs by 2026. By 2031, the savings could grow to $240 billion.

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How GenAI-powered auto-call summarization increases ROI and improves workflows

3CLogic

As explained by Gartner “By 2026, more than 80% of enterprises will have used generative artificial intelligence (GenAI) application programming interfaces (APIs) or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023”. What's the ROI increase from GenAI summarization?

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11 Must Know Call Center Terminologies- A Guide!

Hodusoft

between 2021 and 2026. CRM (Customer Relationship Management) – CRM generally refers to the strategies, processes, and technologies used to manage a company’s interactions with customers and potential customers. Escalation can also occur when a customer wants to speak with a higher-level representative or manager.

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The Great AI Paradox for Contact Centre Agents

CSM Magazine

Leading research and consulting firm Gartner predicts that Conversational AI will reduce contact centre labour costs by $80billion in 2026 and over the same period, one in 10 agent interactions (10%) will be automated, an increase from an estimated 1.6% of interactions today. As a result, agent skillsets are changing too.

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Protecting Your Contact Center Agents’ Emotional Well-Being

Playvox

Just like agents are protecting your company, contact center leaders and managers need to protect them and their mental health. To keep turnover under control, you have to make sure your managers are trained to keep engagement up and morale high. Gallup reports that low-effort managers engaging in “quiet firing” is a big issue.

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Optimizing Call Center Customer Support for Increased Revenue

Tenfold - Contact Center Blog

And although it may sound strange, small and midsized centers are generally even harder to manage than larger centers. Reduction in administrative hours to develop forecast and schedules – Using a forecasting and scheduling solution can reduce administrative time spent developing forecasts and schedules by up to 90 percent.

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Generative AI is Shaping The Future of Contact Centers in 2024

Balto

According to Gartner, we can expect a five-fold increase in agent interaction automation by 2026. For example, if you want to know what your agents’ AHT (Average Handling Time) is in real time, you can just ask “What is the average handling time today?”