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Written by Vaishakh KPDecember 3, 2024 As businesses in India expand their reach to diverse regions and markets, effective communication with customers is becoming more crucial. One of the biggest challenges in this process is overcoming language barriers—where businesses struggle to communicate with customers in their preferred language or cultural context. With India being a multilingual
Written by Shivam SaxenaNovember 29, 2024 Insurance companies have always walked a fine line between ensuring timely payments and maintaining strong customer relationships. Missed premium payments can lead to policy lapses, adding stress for both customers and insurers. Traditional payment reminders—often impersonal and rigid—have long been a weak link in the process. Now, with Generative AI
Written by Shivam SaxenaNovember 28, 2024 In an industry where operational efficiency means profitability, BFSI has to bear the pressure for cost reduction without compromising on service quality continuously. The operational expenditure comprises a huge chunk of the budget in BFSI, and therefore, the dire need for scalable and efficient solutions has made Customer Experience Automation
Written by Vaishakh KPNovember 28, 2024 Breaking barriers in human-technology interaction, Virtual Assistants powered by Generative AI are redefining Digital Experiences. These tools respond to spoken commands, offering real-time assistance and empowering users with diverse needs to engage seamlessly with digital platforms. From aiding individuals with disabilities to overcoming language gaps, Virtual Assistants are crafting a
Written by Vaishakh KPNovember 27, 2024 Businesses are increasingly focused on evaluating the performance of their customer care agents to maintain high service standards. However, traditional methods relying on basic analytics and manual reviews struggle to handle the growing volume of customer interaction data. With only 5% of customer support calls audited manually, valuable insights are
Written by Shivam SaxenaNovember 25, 2024 The BFSI sector is undergoing a monumental shift in managing customer interactions. While traditional call center outsourcing has been a staple, it faces significant limitations in scalability, cost-efficiency, and personalization. As a result, many banks are transitioning to Conversational AI. Traditional call centers often depend on human agents and generic
Written by Shivam SaxenaNovember 20, 2024 Cross-selling has emerged as a key strategy for maximizing revenue and strengthening customer relationships. Offering tailored products to existing customers not only enhances their experience but also boosts customer lifetime value. But for cross-selling to be truly effective, it requires deep customer insights, precision, and personalization. This is where Gnani.ai
Written by Shivam SaxenaNovember 19, 2024 Scenario Based Conversations: How AI Models Master Complex Customer Conversations The Path to Mastery in Engaging with Customers for AI Models Seamless and personalized customer experience is of paramount significance in banks and the BFSI industry. However, given traditional AI-powered enterprise systems with limited functionalities to only chat-based interactions, were
Written by Shivam SaxenaNovember 15, 2024 First Call Resolution (FCR) is a key metric that directly impacts customer satisfaction, operational efficiency, and cost savings. Traditionally, human agents have handled customer inquiries, but with the advent of Generative AI (Gen AI) and Small Language Models (SLMs), banks can now achieve unprecedented FCR rates. By training AI systems
Written by Vaishakh KPNovember 15, 2024 Average Handle Time (AHT) is a key customer service metric that tracks the total time needed to resolve an inquiry, including call duration, hold time, and after-call work. Lower Customer Support AHT signifies faster service, which boosts customer satisfaction and operational efficiency. In banking, managing AHT is crucial as it
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