New requirements, customer demands, government regulations and safety standards have driven companies to implement changes to these new situations. However, some of these solutions are temporary fixes tending to immediate needs. For enterprises with complex operations, surviving Covid-19 and any future crisis, requires a deeper digital transformation strategy. It is clear by now that customers demand highly personalized experiences. 76% of consumers expect companies to understand their needs and expectations.

With people confined in their homes, the demand for content, albeit streamed, live or multi-player has skyrocketed. Live sports, sitcoms and movies have been largely put on hold during the pandemic, and some brands have turned to eSports to try to engage with customers. Nothing could have prepared enterprises for the effects of Covid-19 on every aspect of business. The risk of future pandemics, or other risks such as climate change, could also affect companies similarly in the future. Businesses must strengthen their crisis management strategies and deliver resilience, flexibility and scalability into their operations. Only 50% of companies support cross-channel interactions, even though 83% of consumers want the ability to switch between channels.

Redefining Conversational AI: What Gartner’s MQ Tells Us

With Covid-19 new needs have arisen, such as facilitating customer and employee access to services and systems. Audio and videoconferencing technologies result in travel costs and employee coordination, whilst conversational AI platforms provide omnichannel 24/7 solutions to customer queries and increase brand loyalty. While a shift in use indicates that “chatting” has become the preferred mode of communication for many people, it also suggests that consumers may just as happily chat with businesses and banks, as they do with their family and friends. Accurately analysing and identifying user requests is absolutely essential. Unify your approach to hyperautomation with API integration and robotic process automation. Provide efficient, resilient financial services operations for enhanced customer and employee experiences.

• This need became the crux of MTC’s mission statement; to be the single source destination for marketers in the digital age; dedicated solely to Marketing Technology arena and the people who buy, influence and consume MarTech around the world.
• In some cases, it can also be used to pre-screen candidates for open positions in the company, and quickly find answers to standard questions about studies and experience in a more efficient way.
• Automation will allow human agents to train to learn more specialized skills and use them, and conversational bots know when to refer calls to human agents if necessary.
• The efficient smart search also provide convenience of a click based conversation journey which is voice enabled and personalized.
• Firstly, CIOs must diagnose the state of their enterprise to determine where they are beginning their journey and identify what needs to be done to move the company forward.
• From Siri to Google Home, chatbots are answering questions and guiding site visitors.

The finance industry has been a big player in digital transformation and has had to adapt to new changes as a result of Covid-19. From mobile banking apps, blockchain, smart ATMs to virtual assistants and chatbots, the finance and banking is a sector that is used to embracing disruptors. 78% of consumers use mobile devices to connect with brands for customer service. The importance of customer experience is present from the basis of a business strategy. Companies must adopt a holistic and enterprise wise approach to customer experience. This is not only a matter of front-end, customer-facing functions, but also involves the back-end.

Business to employee

Visitors are also provided with relevant call-to-actions against each results, which helps shorten the customer journey. The efficient smart search also provide convenience of a gartner chatbot magic quadrant click based conversation journey which is voice enabled and personalized. Stay ahead as you improve your chatbots based on comprehensive and easy-to-use metrics and insights.

However, adopting new technologies and upgrading or bringing in new machines to the enterprise is only a part of a full digital transformation strategy. There has also been an acceleration in digital transformation in healthcare. For example, some radiologists are using AI deep learning to make a better diagnosis of chest X-rays.

Why do you need a Digital Transformation strategy?

However, the analyst raises a reservation in regards to its lack of no-code functionality. Since implementation, customer experience has greatly improved and internally we are now able to capture much more data from customers when they contact our company which has been greatly beneficial. In addition, I love how easy and comfortable ServisBOT is to work with. I had been involved with Haptik as a vendor building bots with Kotak Life Insurance and Toothsi.

• Technologies are available that improve communication between peers helping more employees work more efficiently and encouraging collaboration across departments.
• So, as the new normality commences, the transformative leaders in the sector will shape and drive the “new normal” for this industry, producing changes from back-office outsourcing to the delivery of customer service and interaction.
• IoT devices are going to have a major impact on how companies do business.
• Covid-19 has changed this, by presenting a need for a solution that accelerates innovation.
• Knowing where and how the company needs to advance in its digital business transformation strategy is vital in order to encourage C-suite executives and stakeholders to buy-in to these changes.
• In many cases, these enterprises looked to reduce costs by offshoring contact center resources and many intensive back-office processes.

Invest in technologies that will improve your business models and efficiency while bringing you closer to your customers. These solutions must be attractive for both customers and employees and make their actions easier. Kickstart digital transformation strategies by choosing technologies that are proven to be efficient as opposed to new, untried solutions.

Specialization is key in an exploding AI chatbot market

80% of companies have already adopted AI chatbots or have plans to do so by 2020. Email overtook voice calls as the most used customer service channel. Around40% of companies have dedicated digital transformation teams in place. 20% of employees said their company’s leadership doesn’t know what to do with digital transformation. 55% of companies without a digital transformation believe they have less than a year before they start to lose market share. Only 7% of companies have fully implemented their digital transformations.