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CUSTOMER ENGAGEMENT ON CONVERSATIONAL PLATFORMS
Speakers
Rishabh Sood
Associate Director – Advanced Services Group
Vinit Balani
Program Manager – AI ML
Agenda
1 Presentation
o Introduction to Powerupcloud & capabilities
o Customer Engagement trends in 2019
o How Customer Engagement works in connected world
o Improving Customer Experience using Machine Learning & AI
2 Q & A
2 Poll – Are traditional customer engagement mechanisms still relevant in Technology Space?
About Powerupcloud
200 40% 3 4 1
• Premier Consulting Partner
• Devops Competency
• Data & Analytics
Competency
• Machine Learning
Competency
• Financial Services
Competency
• Migration Competency
No of employees
across 3
geographies
Average EBIDTA
from services
business
Operations in 3
countries
• USA
• Singapore
• India
Service Offerings
• Cloud Consulting
• Managed Services
• AI Services
• Data Analytics
Only ML Competency
partner for AWS in
APAC
Vision: To become one of world’s leading cloud-based technology companies, solving customers problems by
building innovative and well-engineered technology solutions.
AWS Consulting Partner of the Year, 2018
Globally fastest to achieve AWS Premier Consulting
Runners up in AWS Mobility Awards by AWS, Sequoia & Facebook in Deep Tech Space, 2017
AWS Innovation Partner of the Year, 2016
Services
Cloud Migrations | Cloud Discovery | Devops
Automation | Cost Optimization | Security
Hardening | Architecture Validation
CLOUD CONSULTING
Monitoring & Alerting | Incident Management |
Access Management | Backup Management | DR
Drills | Cost Optimization
24*7 MANAGED SERVICES
Chatbots | Decision Making AI | Perception AI |
NLP/NLU | Image Recognition | Video & Text
Analytics | Speech Processing | Deep Learning
ARTIFICIAL INTELLIGENCE
Data Lake | Data Warehouse | BI Dashboards |
Machine Learning | Big Data
DATA ANALYTICS
SERVICES
CUSTOMER ENGAGEMENT
WHAT? | WHY? | HOW?
Some Stats
Customers are no longer loyal to Product/Price, but to experience
According to Temkin
Group, you can
double your earnings
within 36 months
with great customer
experience.
86% buyers are
willing to pay more
for customer
experience
73% buyers point to
customer experience
as an important
factor in purchasing
decisions
63% buyers find a
positive experience
with a brand to be
more influential than
great advertising
Walker Study reveals
By 2020, Customer
Experience will
takeover Price &
Product as key brand
differentiator
What is Customer Experience?
Customer Engagement Trends in 2019
Triggered email messages have 71% higher open & 102% higher click rates than
non – triggered emails
Majority of CMOs (>63%) expect the marketing budgets to increase in 2019
Global Retail sector technology spending to reach $203.6 Billion in 2019
Marketers report measurable lift from their personalization efforts
More than 50% organizations will redirect their investments to CX innovations - Gartner
Mobile search to generate 27.8 billion more queries than desktop by 2019
Why to improve Customer Engagement?
Improve customer
retention
39%
Improve customer
satisfaction
31%
Increase cross selling &
upselling
30%
Improve customer retention
Improve customer satisfaction
Increase cross selling & upselling
Source
Genesys
What happens when you don’t invest in customer experience?
Frustrated Customer
Share happy experience with 6 or more people
67% customers mentioned bad experience as reason for churn
Happy Customers
Frustrated customers share bad experience with 15 or more people
Only 1 out of 25 frustrated users complain before leaving
Absence of negative feedback is not a sign of satisfaction
Change Drivers for Customer Engagement
Customers demand excellent experience, with minimal effort & time, reach resolution with empathy & personalization
INSTANT ACCESS
ACCELERATED
INNOVATION
CHANNEL SHIFT
COMMUNICATION DEMOCRATISATION
CUSTOMER POWER
CHANGE IN TRUST EQUATION
SIMPLICITY IN DELIVERY
CUSTOMER ENGAGEMENT IN
A CONNECTED WORLD
How Customer Engagement Works In A Connected World
When everything is connected, how you connect is everything
• Profile of connected customer
• Connected customer changing business landscape
• Ways to deliver to connected customer
• Preparing for the connected world
INSIGHT - Customers don’t think about channels, they think about what they need to get done.
CUSTOMER EXPECTATIONS
Convenience
Personalization
Speed
Efficiency
Empowerment
Seamlessness
Ease
Authenticity
Well Informed & Practical
Values Personalization
Brand Influencer
Expects Immediate Results
Wants Authenticity
Profile of A Connected Customer
Connected Customers Are Changing Business
Customer Needs Business Imperatives
The best CX is no CX
Intuitive interactions
Collaborative, not dictated
Smarter companies
Be flexible
Real time information
Mobile-driven
Always learning
Empowered
Personalized
INSIGHT - The hottest technology only stays hot if
it matches connected customer expectations
Ways to deliver to connected CX
Key Technology enablers
Artificial Intelligence and Machine Learning
Chatbots
Open infrastructure and APIs
Predictive intelligence
Mobile payments
Omnichannel in action
Business Impact
The Alexa voice-activated digital home
assistant designed to seamlessly assist
customers in their everyday life, getting
smarter and becoming more intuitive
as you use it.
Morgan Stanley estimates that
approximately 20 million Alexa-enabled
devices have been sold since its debut in
mid 2015.
Preparing for connected economy
Think human first Enable intuitive, predictive,
personalized interactions
Disavow separate channels
Give it a Try
Create a vision for your customers
by learning how they use your
products and services now, and
how they want to use them in the
future. Reimagine your operations
to match that vision.
Deploy data insight and analytics
across the organization to
understand and mind the gaps in
connected customer needs.
Present one face to the customer
with a holistic omni-channel
platform that combines voice,
email, web, apps, bots, video,
mobile, IVR, social, and whatever
channels come next.
IMPROVING CUSTOMER EXPERIENCE
USING ARTIFICIAL INTELLIGENCE
Need for AI in Customer Engagement
By 2020, 85% of customer interactions will be managed without a human.
- Gartner
Personalization is in the past, extreme personalization is the future
On demand information availability – live systems across channels
Understand customer’s complete history & design response in
context
Automated, fast & hassle – free system to take care of your
customers
Building blocks for implementation of AI in CX
DATA UNIFICATION
Multiple sources of data
Multiple formats
(structured/unstructured)
AI is a data driven activity
Tool based unification - lesser
time & costs
REAL TIME INSIGHTS
DELIVERY
In the moment conveying
insights
Customer’s chosen touchpoint
BUSINESS CONTEXT
Isolated transactions easier to
understand & interpret
AI must be given context to
deliver
AI can shape customer
behaviour
Ways in which AI can influence CX
CUSTOMER SERVICE
CHATBOTS
VIRTUAL ASSISTANTS
EXTREAM
PERSONALIZATION
Reducing the no of
transactions
CUSTOMER
INSIGHTS
Traditional methods take time
AI enabled analytics can sift
through large & complex
datasets
Bots to simulate human
interactions & provide
immediate , personalized
response 24*7
Utilize AI to answer user
queries, engaging users in
personal responses & quick
query resolution
Predictive personalization
Finds every single relationship
in the data, predicting future
behavior
Case In Site
PROBLEM STATEMENT
• Multiple channels of communication – different experience
• 6 million existing customer base
• 100+ product variants, each with different TA
• Higher response & resolution times – higher churn, lower CSAT
PROPOSED SOLUTION
• Designing & delivering consistent experience across digital channels
• Personal Assistant to provide real time, 24*7 support to customers
• Real time product recommendations – many to zero clicks for lead generation
• Real time response frequency, with minimal lag
Thank you!
Bangalore | Chicago | Singapore

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Webinar | Customer engagement on conversational platforms

  • 1. CUSTOMER ENGAGEMENT ON CONVERSATIONAL PLATFORMS
  • 2. Speakers Rishabh Sood Associate Director – Advanced Services Group Vinit Balani Program Manager – AI ML
  • 3. Agenda 1 Presentation o Introduction to Powerupcloud & capabilities o Customer Engagement trends in 2019 o How Customer Engagement works in connected world o Improving Customer Experience using Machine Learning & AI 2 Q & A 2 Poll – Are traditional customer engagement mechanisms still relevant in Technology Space?
  • 4. About Powerupcloud 200 40% 3 4 1 • Premier Consulting Partner • Devops Competency • Data & Analytics Competency • Machine Learning Competency • Financial Services Competency • Migration Competency No of employees across 3 geographies Average EBIDTA from services business Operations in 3 countries • USA • Singapore • India Service Offerings • Cloud Consulting • Managed Services • AI Services • Data Analytics Only ML Competency partner for AWS in APAC Vision: To become one of world’s leading cloud-based technology companies, solving customers problems by building innovative and well-engineered technology solutions. AWS Consulting Partner of the Year, 2018 Globally fastest to achieve AWS Premier Consulting Runners up in AWS Mobility Awards by AWS, Sequoia & Facebook in Deep Tech Space, 2017 AWS Innovation Partner of the Year, 2016
  • 5. Services Cloud Migrations | Cloud Discovery | Devops Automation | Cost Optimization | Security Hardening | Architecture Validation CLOUD CONSULTING Monitoring & Alerting | Incident Management | Access Management | Backup Management | DR Drills | Cost Optimization 24*7 MANAGED SERVICES Chatbots | Decision Making AI | Perception AI | NLP/NLU | Image Recognition | Video & Text Analytics | Speech Processing | Deep Learning ARTIFICIAL INTELLIGENCE Data Lake | Data Warehouse | BI Dashboards | Machine Learning | Big Data DATA ANALYTICS SERVICES
  • 7. Some Stats Customers are no longer loyal to Product/Price, but to experience According to Temkin Group, you can double your earnings within 36 months with great customer experience. 86% buyers are willing to pay more for customer experience 73% buyers point to customer experience as an important factor in purchasing decisions 63% buyers find a positive experience with a brand to be more influential than great advertising Walker Study reveals By 2020, Customer Experience will takeover Price & Product as key brand differentiator
  • 8. What is Customer Experience?
  • 9. Customer Engagement Trends in 2019 Triggered email messages have 71% higher open & 102% higher click rates than non – triggered emails Majority of CMOs (>63%) expect the marketing budgets to increase in 2019 Global Retail sector technology spending to reach $203.6 Billion in 2019 Marketers report measurable lift from their personalization efforts More than 50% organizations will redirect their investments to CX innovations - Gartner Mobile search to generate 27.8 billion more queries than desktop by 2019
  • 10. Why to improve Customer Engagement? Improve customer retention 39% Improve customer satisfaction 31% Increase cross selling & upselling 30% Improve customer retention Improve customer satisfaction Increase cross selling & upselling Source Genesys
  • 11. What happens when you don’t invest in customer experience? Frustrated Customer Share happy experience with 6 or more people 67% customers mentioned bad experience as reason for churn Happy Customers Frustrated customers share bad experience with 15 or more people Only 1 out of 25 frustrated users complain before leaving Absence of negative feedback is not a sign of satisfaction
  • 12. Change Drivers for Customer Engagement Customers demand excellent experience, with minimal effort & time, reach resolution with empathy & personalization INSTANT ACCESS ACCELERATED INNOVATION CHANNEL SHIFT COMMUNICATION DEMOCRATISATION CUSTOMER POWER CHANGE IN TRUST EQUATION SIMPLICITY IN DELIVERY
  • 13. CUSTOMER ENGAGEMENT IN A CONNECTED WORLD
  • 14. How Customer Engagement Works In A Connected World When everything is connected, how you connect is everything • Profile of connected customer • Connected customer changing business landscape • Ways to deliver to connected customer • Preparing for the connected world INSIGHT - Customers don’t think about channels, they think about what they need to get done.
  • 15. CUSTOMER EXPECTATIONS Convenience Personalization Speed Efficiency Empowerment Seamlessness Ease Authenticity Well Informed & Practical Values Personalization Brand Influencer Expects Immediate Results Wants Authenticity Profile of A Connected Customer
  • 16. Connected Customers Are Changing Business Customer Needs Business Imperatives The best CX is no CX Intuitive interactions Collaborative, not dictated Smarter companies Be flexible Real time information Mobile-driven Always learning Empowered Personalized INSIGHT - The hottest technology only stays hot if it matches connected customer expectations
  • 17. Ways to deliver to connected CX Key Technology enablers Artificial Intelligence and Machine Learning Chatbots Open infrastructure and APIs Predictive intelligence Mobile payments Omnichannel in action Business Impact The Alexa voice-activated digital home assistant designed to seamlessly assist customers in their everyday life, getting smarter and becoming more intuitive as you use it. Morgan Stanley estimates that approximately 20 million Alexa-enabled devices have been sold since its debut in mid 2015.
  • 18. Preparing for connected economy Think human first Enable intuitive, predictive, personalized interactions Disavow separate channels Give it a Try Create a vision for your customers by learning how they use your products and services now, and how they want to use them in the future. Reimagine your operations to match that vision. Deploy data insight and analytics across the organization to understand and mind the gaps in connected customer needs. Present one face to the customer with a holistic omni-channel platform that combines voice, email, web, apps, bots, video, mobile, IVR, social, and whatever channels come next.
  • 19. IMPROVING CUSTOMER EXPERIENCE USING ARTIFICIAL INTELLIGENCE
  • 20. Need for AI in Customer Engagement By 2020, 85% of customer interactions will be managed without a human. - Gartner Personalization is in the past, extreme personalization is the future On demand information availability – live systems across channels Understand customer’s complete history & design response in context Automated, fast & hassle – free system to take care of your customers
  • 21. Building blocks for implementation of AI in CX DATA UNIFICATION Multiple sources of data Multiple formats (structured/unstructured) AI is a data driven activity Tool based unification - lesser time & costs REAL TIME INSIGHTS DELIVERY In the moment conveying insights Customer’s chosen touchpoint BUSINESS CONTEXT Isolated transactions easier to understand & interpret AI must be given context to deliver AI can shape customer behaviour
  • 22. Ways in which AI can influence CX CUSTOMER SERVICE CHATBOTS VIRTUAL ASSISTANTS EXTREAM PERSONALIZATION Reducing the no of transactions CUSTOMER INSIGHTS Traditional methods take time AI enabled analytics can sift through large & complex datasets Bots to simulate human interactions & provide immediate , personalized response 24*7 Utilize AI to answer user queries, engaging users in personal responses & quick query resolution Predictive personalization Finds every single relationship in the data, predicting future behavior
  • 23. Case In Site PROBLEM STATEMENT • Multiple channels of communication – different experience • 6 million existing customer base • 100+ product variants, each with different TA • Higher response & resolution times – higher churn, lower CSAT PROPOSED SOLUTION • Designing & delivering consistent experience across digital channels • Personal Assistant to provide real time, 24*7 support to customers • Real time product recommendations – many to zero clicks for lead generation • Real time response frequency, with minimal lag
  • 24. Thank you! Bangalore | Chicago | Singapore