{"id":4233,"date":"2022-10-07T20:56:18","date_gmt":"2022-10-07T20:56:18","guid":{"rendered":"https:\/\/www.replicant.com\/?p=4233"},"modified":"2022-11-07T20:56:56","modified_gmt":"2022-11-07T20:56:56","slug":"conversational-ai-platform-what-it-is-and-how-it-works","status":"publish","type":"post","link":"https:\/\/www.replicant.com\/blog\/conversational-ai-platform-what-it-is-and-how-it-works\/","title":{"rendered":"Conversational AI Platform: What It Is and How It Works"},"content":{"rendered":"
The aftermath of the global pandemic of 2020-21 continues to affect just about every industry in the country with labor shortages, high turnover, and inflation. Contact centers dealing with an increased number of customer questions and inquiries in concert with these staffing challenges struggle to deliver the level of customer experience that consumers desire.\u00a0<\/span><\/p>\n More and more organizations are turning to automation to help relieve some of these stresses, and implementing a conversational AI platform is one effective way to do that. The best conversational AI platforms can resolve customer questions and requests with zero wait time and without human intervention, providing analytics and continuous learning capabilities.<\/span><\/p>\n A conversational AI platform is a form of artificial intelligence technology that supports today\u2019s modern contact center. This AI technology works to answer and resolve Tier One customer questions that tend to be repetitive and mundane in nature automatically without human intervention. Ideally, it is an <\/span>omnichannel solution<\/span><\/a> that incorporates voice, text, and chatbots in an integrated system to work seamlessly for both the customer and the business.<\/span><\/p>\n Conversational AI platforms such as Replicant are trained on millions of customer interactions each day and can continue to learn and improve with every conversation. They should be able to understand natural language and multiple customer intents as well as a wide variety of other languages, making it as easy as possible for customers to communicate with a business.<\/span><\/p>\n One of the most challenging components of running a contact center today is the level of training required for live agents to get up to speed on a business\u2019s products, services, and common questions. According to <\/span>ScreenSteps<\/span><\/a>, many call centers report their average time to new agent proficiency is four to six months. When you consider that a call center agent stays at the same company for an average of only three years as reported by <\/span>A Better Answer<\/span><\/a>, those training costs can quickly add up over time.<\/span><\/p>\n Replicant\u2019s conversational AI technology is purpose-built for customer service, designed to excel at understanding diverse populations and collecting standard information like names, alphanumeric strings, and unstructured data. It has and continues to automate millions of calls each month and applies continuous machine learning to improve every interaction.<\/span><\/p>\n Such a solution will never \u201cquit,\u201d requiring you to start the entire training process again. Replicant\u2019s conversational AI solution will continue to change and grow with your organization, becoming an ongoing and valuable \u201cmember\u201d of your team and offering infinite scalability.\u00a0<\/span><\/p>\n Contact center automation powered by conversational AI is on the rise in contact centers around the country. According to Replicant\u2019s <\/span>2022 Benchmark Report<\/span><\/a>, around 95 percent of contact center managers have either already adopted or are planning to implement automation within the next year.<\/span><\/p>\n Besides providing superior customer service and supporting overwhelmed live agents, conversational AI can deliver a wealth of contact center analytics to your management team, providing the foundation to help you grow and improve in the future.<\/span><\/p>\n Conversational AI is particularly suited for industries that receive a high number of repetitive inquiries. For example, the travel, hotel, and hospitality industry process millions of requests for new, updated, and canceled reservations. The insurance industry also receives similar requests for account updates, policy information requests, or coverage changes. Financial institutions can provide account balances, payment data, and contact information updates through a conversational AI platform.<\/span><\/p>\n A solution such as Replicant can quickly process these requests with zero hold time and no live agent assistance, which means that even during peak periods, customers have a positive, rapid, and complete experience.<\/span><\/p>\nWhat is a conversational AI platform?<\/h2>\n
How does conversational AI work?<\/h2>\n
Never-Ending Learning<\/h2>\n
A Growing Trend<\/h2>\n
Try Replicant<\/h2>\n