{"id":147006,"date":"2018-07-03T08:14:03","date_gmt":"2018-07-03T15:14:03","guid":{"rendered":"https:\/\/www.genesys.com\/?post_type=blog&p=147006"},"modified":"2020-07-27T12:01:42","modified_gmt":"2020-07-27T19:01:42","slug":"what-genesys-and-global-iconic-brands-already-know-about-artificial-intelligence","status":"publish","type":"blog","link":"https:\/\/www.genesys.com\/en-sg\/blog\/post\/what-genesys-and-global-iconic-brands-already-know-about-artificial-intelligence","title":{"rendered":"What Genesys and Global Iconic Brands Already Know about Artificial Intelligence"},"content":{"rendered":"

[vc_section full_width=”stretch_row”][vc_row][vc_column][vc_column_text]<\/p>\n

It\u2019s a good day at Genesys. And, it\u2019s a good day for\u00a0Kate<\/span><\/a>, our new customer experience artificial intelligence (AI). Why? Because if you\u2019re like me, it feels good when a leading and highly respected research institution confirms what you suspected all along: AI will take customer satisfaction to new levels, and this is not just an idea for the future, it\u2019s already happening today.<\/span><\/p>\n

Early Adoption of Artificial Intelligence<\/b><\/span><\/p>\n

In its new briefing paper,\u00a0Getting to Iconic, which surveyed over 550 senior executives from some of the world\u2019s top companies, MIT Technology Review found that over 90% of iconic brands were well ahead of competitors when it came to using AI to increasing customer satisfaction, compared to 42% of the companies, overall. This finding reveals that iconic firms also believe that automated AI tools are most effective when they supplement and extend the capabilities of their customer support team, rather than replace human investment.<\/span><\/p>\n

At Genesys, we call this blended AI. It\u2019s the idea that automation and AI work best when combined with the power of the human touch. And, that\u2019s why we created Kate \u2013 not to replace human agents \u2013 but rather to help them solve customer problems faster and more efficiently.<\/span><\/p>\n

What sets companies apart today is their customer experience. In the digital age, it\u2019s no longer enough to differentiate on price, high-quality products uniqueness or expertise. To sustain the high levels of customer engagement and brand value necessary to stay competitive, it\u2019s important to have the right mix of tools, applications and operational processes to engage with customers at every stage of their journey across marketing, sales and service. We believe AI is a crucial part of this mix, and its contribution will only continue to grow.<\/span><\/p>\n

The research also found that \u201ciconic\u201d companies \u2013 those that maintain both the highest levels of customer experience satisfaction and have world-leading brand recognition \u2013 have several other key distinctions from those with lower levels of customer engagement and brand management.<\/span><\/p>\n

    \n
  1. \n
      \n
    1. <\/b>A Focus on Omnichannel
      \n<\/b>Nearly 90% of those identified as iconic firms by the survey were managing their customer experience from an\u00a0      omnichannel<\/span><\/a>\u00a0perspective. This percentage dropped to 66% among those respondents from poor performing firms. It\u2019s no surprise that the firms with an omnichannel perspective were also twice as likely as others to employ leading-edge technology solutions, such as next-generation self-service loyalty program management and \u201cvoice of the customer\u201d survey analytics.<\/span><\/li>\n
    2. <\/b>Use of Automation Technology to Extend Capabilities of Customer Support Teams
      \n<\/b><\/span>Although the iconic firms were more likely to consider themselves technology leaders, they were less likely to consider technology as a primary solution to customer experience challenges. In other words, they recognise that over-reliance on technology for the sole purpose of increasing efficiency can hinder, rather than enhance the customer experience. Despite amazing advancements in customer experience technologies, these firms continue to place a high value on human capital investment and are focused on finding a healthy balance between human and automated communication channels.<\/span><\/li>\n
    3. <\/b>Active Management of the Customer Experience Across the Ecosystem
      \n<\/b>The iconic firms also recognise that they can\u2019t go it alone. To become and stay a leader, it\u2019s important to work with channel partners, suppliers and adjacent brands to extend optimal customer experience across their entire ecosystem. Iconic firms are twice as likely as others to require partners to adhere to their customer experience standards and nearly three times more likely to have their customer experience systems integrated with partners.<\/span><\/li>\n
    4. <\/b>Support of Brand Values
      \n<\/b>Due in large part to social media and other forms of online engagement, iconic firms recognise that customers are closely watching them. Corporate social responsibility (CSR) has never been more important for leading brands, and increasingly, customers want to share values and viewpoints with the firms they buy from. In the survey, 75% of the iconic firms indicated that CSR is one of the most important components of their brand value, compared to only 21% among the low-performing companies.<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

      Findings in\u00a0Getting to Iconic<\/i>\u00a0highlight the growing importance of innovation in the customer experience. The future looks bright for firms that deploy leading-edge omnichannel solutions, discover new opportunities to introduce emerging AI applications and manage the customer experience across an extended ecosystem. These will be the iconic brands of the future.<\/span><\/p>\n

      To delve deeper into the results of this fascinating study,\u00a0download the full paper here<\/span><\/a>.<\/span><\/p>\n

      [\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

      [vc_section full_width=”stretch_row”][vc_row][vc_column][vc_column_text] It\u2019s a good day at Genesys. And, it\u2019s a good day for\u00a0Kate, our new customer experience artificial intelligence (AI). Why? Because if you\u2019re like me, it feels good when a leading and highly respected research institution confirms what you suspected all along: AI will take customer satisfaction to new levels, and this is […]<\/p>\n","protected":false},"author":211,"featured_media":121325,"template":"","tax_priority":[],"tax_blogtype":[17766],"tax_blogcategory":[],"tax_contenttheme":[],"tax_bundle":[],"tax_contenttheme2":[],"tax_capability_sitewide":[],"tax_products_programs":[],"tax_buying_job":[],"tax_buyer_persona":[],"tax_sector":[],"tax_segment":[],"class_list":["post-147006","blog","type-blog","status-publish","has-post-thumbnail","hentry","tax_blogtype-genesys-executives-en-sg"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/blog\/147006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/users\/211"}],"version-history":[{"count":3,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/blog\/147006\/revisions"}],"predecessor-version":[{"id":329688,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/blog\/147006\/revisions\/329688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/media\/121325"}],"wp:attachment":[{"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/media?parent=147006"}],"wp:term":[{"taxonomy":"tax_priority","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_priority?post=147006"},{"taxonomy":"tax_blogtype","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_blogtype?post=147006"},{"taxonomy":"tax_blogcategory","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_blogcategory?post=147006"},{"taxonomy":"tax_contenttheme","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_contenttheme?post=147006"},{"taxonomy":"tax_bundle","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_bundle?post=147006"},{"taxonomy":"tax_contenttheme2","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_contenttheme2?post=147006"},{"taxonomy":"tax_capability_sitewide","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_capability_sitewide?post=147006"},{"taxonomy":"tax_products_programs","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_products_programs?post=147006"},{"taxonomy":"tax_buying_job","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_buying_job?post=147006"},{"taxonomy":"tax_buyer_persona","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_buyer_persona?post=147006"},{"taxonomy":"tax_sector","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_sector?post=147006"},{"taxonomy":"tax_segment","embeddable":true,"href":"https:\/\/www.genesys.com\/en-sg\/wp-json\/wp\/v2\/tax_segment?post=147006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}