Power of Voice ChatbotsWhen scientists at Bells Labs created the Voder machine in the 1930s, they probably didn’t expect the current phase of automated voice chatbots. Over the past two or three years, voice chatbots have undergone a sea change, and now armed with Generative AI, and advanced natural language processing, they’re primed to take the world by storm.But, how are these generative AI voice chatbots solving the problems with traditional automated calls? Let’s take a look.IVR to Voice ChatbotThe Dominance of Traditional IVRsIn the 1970s, the IVR technology started taking place. They were answering machines that:Provided basic options that you could select using your phone’s keyboard.Once selected, it could direct you to the right customer support agent for your answer.It was a rule-based model which limited the options it could provide. As a result, several trends became common over 1980–2010:61% of customers switched brands due to bad customer service experience.42% said that they’d rather clean the toilet than do a customer service call.56% of people said that they had to re-explain their issues several times.Since the IVR technology didn’t recognize intent and was incapable of processing data, customers had to bypass the technology before they could find an answer. Once they reached an agent (often after 10 minutes of holding music) they had to explain their issues again and wait another 10 minutes for an answer.With two-thirds of all consumers only willing to wait 2 minutes or less for their calls, this was a problem.In the 2010s, the rapid evolution of artificial intelligence (AI) voice capabilities offered a way out.AI-Powered Voice ChatbotsSeveral technological breakthroughs came together to bring modern AI-powered voice chatbots to the customer support industry. This technological breakthroughs:Text-to-Speech Conversion — Google debuted several models that were capable of transforming text into human voices. This was enhanced by AI which applied filters that mimicked the average human voice much better.Advanced Data Processing — AI could now listen to conversations and extract relevant data from them. For example — It could hear “internet trouble” and add “network connectivity issue” to a list of issues.Generative AI — Voice chatbots can now generate custom responses so that most questions are automated without any wait time at all.Ultimately, Generative AI-powered voice chatbots allow businesses to respond to customer queries 24/7/365 while providing better resolution. How are these capabilities affecting businesses? Let’s take a look.Various industries are using AI live chat to service their customers. Despite chat-based solutions being popular, businesses have only been able to transfer 37% of their contact center volumes to these new methods.That’s why being voice-first in customer service matters, and AI has been helping multiple industries enhance their customer service using this method. Here are some use cases we have observed:Intent-Detection: AI voice chatbots can understand your customers’ problems and redirect them to the right agent for quick resolution. AI doesn’t rely on keywords to detect the complaint and can understand your customer.Bookings and Reservations: Voice bots can take incoming data (type of services, and requested data, and time) and directly add it to your calendar.FAQs: Most customer service queries are repetitive. Voice chatbots can be trained to answer basic questions in a natural language and tone, helping you reduce your call volumes by 60–80% overall.Personalization: AI voice chatbots are armed with data from your databases, making them capable of providing personalized customer service to your customers. For example — our clients use voice chatbots to give customers answers to the problems they’re facing.These use cases show that voice chatbots hold a lot of value for enterprise businesses. Now, let’s dive into some more complex use cases for modern businesses that are using voice bots for.Voice Chatbot Use CasesWith rapidly evolving AI capabilities, a lot of companies are using voice chatbots to drive better customer support and conversions. The recent techniques we’ve seen in use are:1. Emotionally Intelligent ConversationsNew models like ChatGPT 4 and Pi are capable of giving emotionally intelligent answers to any questions they’re asked. These models can be connected with voice chatbots to provide empathetic resolutions for customers without sounding robotic and alienating consumers.2. Predicting Future ProblemsAI can learn about a customer’s behavior over time, being able to provide downstream customer support before the need arises. For example, if you product has a common problem in integrating using a particular option, the voice bot can suggest alternative integration options proactively.3. Intelligent Selling and UpsellingModern chatbots have a lot of data about your customer’s past purchases, so they can proactively suggest new products and services to your customers. It can also tell your customers about any new offers they can use for their next purchase and upsell them on peripheral products depending on their purchasing behavior.4. Live TroubleshootingBeyond basic queries, voice chatbots can now also solve small problems. It can redirect customers to videos and documents which solve their problems or provide step-by-step guidance over the call.As you can see, voice chatbots can be used in creative ways to solve customer problems and provide better resolutions. What does this mean overall? We have some thoughts.We have seen rule-based voice bots rule customer support for years now. But, with the new generative AI voice bots, we think that the old IVR machines are on their way out.Instant responses and advanced data processing abilities make voice chatbots the go-to option for most customer service functions now. Research even predicts that 69% of all customer support functions will be automated through AI shortly.Add in the new capabilities of voice bots that allow them to understand emotions and use prediction to provide proactive support, and it becomes clear that we’re staring at mass adoption in the near future.Ultimately, we think most businesses will be using voice chatbots from providers like Kommunicate to automate their customer service functions.
Unleashing the Power of Voice Chatbots in Customer Support | by Devashish Datt Mamgain | Jul, 2024
