Do you want to improve your customers’ experience? Discover how artificial intelligence can help you

Artificial intelligence (AI) has revolutionized the way companies interact with their customers. As companies look to improve the customer experience, AI has become an essential tool. In this article, we will explore how businesses can use AI to improve the customer experience and provide more personalized service.

First, AI can be used to analyze large amounts of customer data. Companies can collect data about customers through their interactions with the company, such as their purchases, online interactions, and customer service. Using AI, companies can analyze this data to gain valuable insights into customer preferences and needs.

For example, Amazon uses AI to analyze its customers’ shopping patterns and recommend additional products that may be of interest. According to a McKinsey report, AI-based personalization can increase a company’s sales by up to 20%. This is because customers feel more involved and engaged when they receive personalized recommendations.

Another example of how AI can improve the customer experience is through AI-based chatbots. Chatbots are software programs that can interact with customers through messaging platforms, providing quick and accurate answers to customer questions.

For example, insurance company Lemonade uses AI-based chatbots to help its customers file claims. These chatbots can process claims 24/7, meaning customers can file a claim at any time, rather than waiting for a customer service agent to be available during business hours. According to a Juniper Research study, AI-based chatbots are expected to save businesses around $8 billion a year by 2022.

AI can also help companies automate repetitive and tedious tasks, allowing employees to focus on more strategic and creative tasks. For example, telecommunications company AT&T uses AI to automate the appointment scheduling process for home service installation. Customers can schedule an appointment online and the AI takes care of coordinating the customer’s schedule with the technician’s schedule.

In addition, AI can predict customer needs before they express them. Companies can use AI to analyze customers’ purchase history and online behavior to anticipate future needs. For example, travel company Booking.com uses AI to recommend travel destinations based on customer booking history and travel preferences.

In conclusion, the use of artificial intelligence in improving the customer experience is not only a growing trend, but also a necessity for companies looking to stand out in an increasingly competitive market. AI enables companies to offer more personalized attention, automate repetitive processes and improve efficiency in decision making, resulting in higher customer satisfaction and improved company profitability. By investing in AI, companies can gain a significant competitive advantage and position themselves as industry leaders.

 

SOURCES

  1. “Creating value with the right AI strategy,” Accenture. https://www.accenture.com/us-en/insights/artificial-intelligence/value-of-ai
  2. “Artificial Intelligence (AI) in Healthcare Market Report, 2020-2027,” Grand View Research, 2020, https://www.coherentmarketinsights.com/market-insight/artificial-intelligence-in-healthcare-market-436
  3. “AI reality check for customer experience,” IBM https://www.ibm.com/downloads/cas/PXLVEGPL#:~:text=Companies%20can%20integrate%20AI%20into,automated%20marketing%20promotions%20and%20messaging
  4. “Connecting with meaning” Hyper-personalizing the customer experience using data, analytics, and AI,” Oracle, 2019, https://www.oracle.com/retail/articles/next-generation-retail-personalization.htmhttps://www2.deloitte.com/content/dam/Deloitte/ca/Documents/deloitte-analytics/ca-en-omnia-ai-marketing-pov-fin-jun24-aoda.pdfl
  5. “The state of AI in 2022-and a half decade in review,” McKinsey https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai-in-2022-and-a-half-decade-in-review

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