Jan 04, 2022
The voice technology is more than a decade old. In the early years of its adoption, the technology was limited to voice assistants, such as Siri, Google Home, Alexa, and smart speakers. However, it has succeeded in becoming a preferred choice for a significant proportion of consumers.
55% of American households will have at least one voice-enabled smart speaker by 2022, says Juniper Research
As the Voice AI technology evolved with time, businesses saw a huge potential for leveraging it for different business use-cases. For example, Conversational AI Voicebots that can have human-like conversations are used to automate repetitive, manual work functions, such as customer support and telemarketing.
According to Adobe, 71% of executives at companies think that voice search will enhance the user experience.
A Voicebot is an AI-powered use interface that can have human-like conversations with the user using natural language. They are built on top of conversational AI technologies, such as Automated Speech Recognition (ASR), Speech-To-Text (TTS), Natural Language Processing (NLP), machine learning, and Deep Learning.
Dominik Meissner, Founder of 169 Labs, predicts - “We will see developments in NLU (like Google Lambda or Alexa Conversations) that will improve natural conversations style. Goole will double down on a voice-driven assistant (focused on smartphones) to strengthen the existing strategy. We will see more voice-enabled smartphone apps”
Forward-looking businesses always look for new, innovative ways to deliver delightful experiences, and Voicebot is one of the most trending technologies they are leveraging to transform customer support.
According to Voicebot.ai, 71% of marketers think that a voice app should be included for smartphone users.
When customers come to you with queries or issues, the first thing they expect is an immediate response. Responding quickly to your customers is crucial for a great customer support strategy.
60% of customers find it frustrating to wait on hold, says Zendesk
If you want to assist all your customers, you need a large team of agents, which implies huge customer support costs. On the other hand, a conversational AI Voicebot can seamlessly attend to all of your customers.
Customer support is one of the most crucial aspects of your business - it can help you stand out from your competition to a great deal.
90% of Americans considers customer service as a crucial factor before deciding on whether to do business with a company or not, says Microsoft
Your customer support agents can assist your customers during only office hours. But a Voicebot can be available for them 24x7 - be it the middle of a night or a holiday.
Every forward-looking business wants to deliver exceptional customer support to win customers' trust and loyalty. But the high cost involved in it holds them back.
Most businesses can automate up to 80% of manual, repetitive queries of customers through AI-powered Voicebots. It helps you save the cost involved in recruiting, training, and managing customer support teams.
Thanks to rapid innovation in conversational AI technology, the Voicebots have grown mature. With speech recognition technology, they can identify whether the speaker is a man or woman. Also, they can tap into the customer's history with the company to provide a personalized experience.
Contact centers throughout the world have started leveraging AI-powered Voicebots to automate their customer support. It helps them deliver exceptional customer experiences at lower operational costs. With time, more and more contact centers are implementing Voicebots.
Since developing infrastructure for Voicebots requires skill, time, and resources, most organizations rely on conversational AI vendors. Floatbot is such a vendor that provides omnichannel, multilingual bots and helps you automate your interactions with customers and cut down operational costs.
Written by: Ashok Bishnoi