Calling All AI: Automating the Contact Center Environment

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4 March 2020
Awaad Aamir

Key research questions

  • How will Contact Center AI fundamentally alter agent/advisor workflow?
  • Should wealth management firms trust Virtual Agents to autonomously handle investor inquiries?
  • Does Contact Center AI have application for clients across all levels of wealth?

Abstract

Advances in predictive analytics and Natural Language Processing have allowed Financial Institutions (FIs) to automate significant portions of the client’s interaction lifecycle in contact center environments, enabling improvements in average handle times and the overall client experience. A number of AI-based technologies are involved in this process; this report provides an overview of major Contact Center AI (CCAI) technologies and how they contribute toward the client experience, through self-service migration, real time monitoring, and by providing operational support for the contact center workforce.

Wealth management firms are contemplating the dilemma of automating the contact center environment over potential compromises in service quality. This report takes a look at this unique challenge, where clients of higher levels of wealth may not be as comfortable with Virtual Agents as mass market. This report also discusses whether these AI-based technologies are ripe for deployment toward a more sophisticated and demanding client base.

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Insight details

Insight Format
Reports
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America