Intelligent CIO North America Issue 27 - Page 55

FEATURE : CONVERSATIONAL AI
Today ’ s consumers are happy to pay a little extra for a particular product . If the brand is offering an experience that consumers want , then this will lead to enhanced brand loyalty . There have been multiple studies proving that an omnichannel will increase customers ’ average basket spend and come back again and again .
How has market demand transformed digital communication channels since the pandemic ?
Consumer behaviour has been deeply influenced by the pandemic . There has been exponential growth in online shopping , social media interaction and activity through channels like the web , mobile and voice . The decision-making process has been augmented by the research that consumers have been doing and , as such , personalized marketing has been brought to the forefront .
What would you advise enterprises , specifically in the EMEA region , wanting to improve the customer experience strategy ?
We must put customers at the heart of our strategy . Implementing a highly successful CX strategy is complicated and it requires certain nuances to ensure effective and sustainable results .
Automation via conversational AI has become one of the key aspects of crafting a strong
This personalization has caused brand communication to change . If a brand wants to target and retain customers then the conversation has to be extremely tailored . Studies have found that 74 % of consumers prefer advanced interactions when looking for answers to simple questions , which means if I ’ m engaging with a brand , I need to get my answers quickly and efficiently .
A study by Gartner also found that consumers react negatively to irrelevant messaging , which has led brands to adjust by placing a greater emphasis on omnichannel personalization .
What is an omnichannel experience and where is its ROI ?
A consumer may want to interact with a brand at different times over different channels . Brands must be present on as many channels as possible and engage with consumers at every stage of the journey , which , in turn , creates an omnichannel experience .
Brands and retailers need to be omnichannel or they ’ re going to start losing consumers to competitors who can engage with them more effectively . Brands that have a strong omnichannel presence are going to have a competitive advantage as they are connecting with consumers . customer experience strategy . Having good customer-centricity is also essential as the success of automation depends on it .
Customer-centricity plays a pivotal role for brands to understand and decode the customer ’ s voice . The age-old phrase of ‘ stepping into the customer ’ s shoes ’ has never been more important . You have got to listen to the customer more effectively and efficiently . This is how conversational AI can help ; it enables brands to get closer to the customer in a more personalized manner . p
Neil Barman , Chief Growth Officer for Yellow . AI

ONLY NOW ARE WE SEEING BUSINESSES WAKING

UP TO THE IMPORTANCE OF CX AND DIGITAL TRANSFORMATION .

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