SUMMARY
A recent report by EY reveals that Gen AI could boost India’s economy by $1.2 Tn to $1.5 Tn in the next seven years
Designed with the intent to elevate customer experience and increase customer satisfaction, Gen AI is not merely restricted to repetitive tasks
Moving forward, Gen AI will actively become a ground-breaking tool for companies seeking to optimise overall customer engagement and experience
In a fiercely competitive world, brands are competing for customer attention, owing to the fast-paced digitisation. At the forefront of this, organisations continue to find themselves plagued with a unique challenge to deliver a stellar customer experience. In tandem with elevated customer expectations, the advent of Gen AI is being touted as a catalyst for revolution, within the peripherals of customer engagement.
Backed by the potential to produce impressive results, Gen AI is rapidly gaining traction, poised to be a game-changer for diverse industries. A recent report by EY reveals that Gen AI could boost India’s economy by $1.2 Tn to $1.5 Tn in the next seven years.
As its revolution unravels further, it promises significant disruption and innovation, allowing enterprises to better understand customer behaviour. Being equipped with the ability to create personalised responses to customer queries to resolve customer interactions in a way mimicking human agents, the potential of Gen AI is monumental.
Moving onto a level where it is more than merely automating customer interaction, Gen AI crafts intelligent solutions catering to customer tickets, opening new avenues to seamless experience. Furthermore, the technology bridges the gap between a brand’s objective and customer’s perceptions by specialising in ensuring that the brand’s message is not only delivered but exceeds the workings of mere communication.
Navigating Beyond Customer-Facing Functions
Across the country, penetrating deep into a plethora of sectors, Gen AI has added more layers that hide behind the surface of direct customer-facing functions. Designed with the intent to elevate customer experience and increase customer satisfaction, Gen AI is not merely restricted to repetitive tasks.
While it is instrumental in resolving common queries, organisations leveraging it to interpret data for delivering personalised recommendations, possess an unparalleled curve in reshaping customer engagement in many ways.
Producing Personalised Recommendations
Equipped with the power to analyse customer’s purchases and browsing history, GenAI plays a considerable role in helping consumer brands anticipate customer needs. Following this, brands can suggest relevant offerings to customers, paving the way for high conversion rates.
With personalised recommendations in-store, brands can craft unique experiences for each customer, which will further help customers discover specific products that cater to their preferences.
Unparalleled Data Analysis
To spot certain commonly occurring trends in customer interaction, Gen AI assists brands in garnering insights into how every customer interacts with the brand’s offerings. Possessing an array of tools from consumer surveys to customisable questionnaires based on consumer behaviour and response, Gen AI’s data analysis acumen delivers a deep understanding of client needs. Thus, by utilising enhanced data collection capacity, brands can deliver the right communication tools at the right time.
Optimised Customer Support
The integration of digitisation in our daily lives generates data in large volumes. However, with the advent of GenAI, the seamless interpretation of data becomes easier, assisting in identifying problem patterns which enables companies to point out potential issues and promptly resolve them accurately.
From generating tailored responses to customer tickets in real-time to picking up their needs based on their current ticket data, Gen AI directs complex queries to appropriate departments for immediate resolution. Which again contributes to the overall enhancement of customer experience.
Effective Marketing
AI-powered Generative Technology possesses the ability to curate effective marketing campaigns by creating systems based on existing customer data. AI algorithms can further penetrate deep into each trend, accurately pointing towards customer dissatisfaction or any upcoming churns.
Allowing for quick resolution, it can also analyse customer satisfaction levels and leverage feedback analysis to enhance the quality of customer engagement.
Moving forward, Gen AI will actively become a ground-breaking tool for companies seeking to optimise customer engagement and deliver an immersive customer experience. To disrupt CX, it brings forth a host of opportunities that holistically redefined customer satisfaction by enabling organisations to deliver hyper-personalised interactions, predict customer preferences with accuracy, and provide timely and relevant solutions.
