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Global Customer Self-Service Software Market Is Booming With an Annual Growth Rate of 18.4%

Answer Dash

The global customer self-service market is booming, with a compound annual growth rate (CAGR) of 18.4%. Self-service is taking over and becoming a key player in the customer service market, and both companies and consumers should take notice. Today, this is really necessary in the modern technological climate.

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Gartner Predicts No Reduction in Customer Service Spending in Coming Year

CSM Magazine

Nearly all CFOs prioritise, and will continue to prioritise, digital investments over categories such as sales or research and development, focusing particularly on technologies that enhance current revenue streams or new digital products and services. Migrating volume to digital and self-service.

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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.

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Ecommerce vs. brick-and-mortar: Unlocking retail success in 2022

Think Customers

Success in the industry, be it ecommerce or brick-and-mortar, relies understanding customers’ core values and connecting with the right technology. In the wake of several factors not limited to COVID-19, including the rise of ecommerce, research from UBS predicts that around 80,000 retail stores may shut down permanently by 2026.

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How AI and GenAI Are Shaking the Status Quo in Customer Experience (CX)

ECXO

Pioneers understand they can create competitive advantage over traditional firms by utilising the technology to serve customers with a better value proposition – at scale. By 2026, two-thirds of business leaders expect to adopt GenAI to enhance customer service, according to Insight Enterprises.

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Is a Digital-Only Strategy Right for Your Business?

CSM Magazine

I suspect the move to digital isn’t just about service. Self-service is an extremely important part of delivering great customer service. However, the technology has moved on as artificial intelligence and machine learning has matured.

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How can Speech Analytics help your Call Center?

NobelBiz

million dollars by 2026. Speech analytics employs several artificial intelligence (AI)-related technologies, including: Natural language processing Machine learning Speech recognition Sentiment analysis Speech analytics helps you assess your phone calls’ effectiveness with consumers. How does speech analytics work?