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How Analytics Will Earn Contact Centers a Seat at the C-Suite Table

Contact Center Pipeline

Big data analytics is about to explode, marking a watershed moment for contact centers. Here are a few fast facts about the big data explosion: Between 2010 and […]. Here are a few fast facts about the big data explosion: Between 2010 and […].

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Actioning Customer Feedback: The Secret to Turning Difficult Customers into Loyal Advocates

C3Centricity

Let’s look at these in more detail, using recent examples to demonstrate best practices: Correcting Mistakes: Netflix : Netflix is known for actively monitoring customer complaints and using advanced data analytics to identify and correct issues. Toyota : Toyota has a history of addressing product quality concerns promptly.

Feedback 114
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100+ Customer Experience Stats to Prepare for 2023

CCNG

Marketing Metrics, 2010) Increasing customer retention rates by 5% increases profits anywhere from 25% to 95%. Oracle, 2010) 73% say that valuing their time is the most important thing a company can do to provide them with good online customer service. 44% of respondents’ organizations plan to use journey analytics more, as well.

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Are you ready? These are the 14 opportunities & risks you face in 2024

Beyond Philosophy

Statistic #1: Gallup Analytics says companies that apply the principles of behavioral economics can outperform their competition by 85% in sales growth and more than 25% in gross margins. I agree with this one, and it’s an area I have discussed before. I don’t disagree or have any negative feelings about this one.

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What is the CFPB Consumer Financial Protection Bureau? Definition, Tips, Best Practices, and Compliance Challenges of the CFPB

Callminer

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act introduced in response to the 2008 financial crisis authorized the creation of the NFPB which came into operation the following year. Leverage Speech Analytics: Speech analytics software can help you stay CFPB compliant. However, there is a better way.

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Securing Microsoft Azure Natively

ConvergeOne

Since its launch in 2010, Microsoft Azure has gained popularity and trust with customers on a global scale. Azure has the ability to detect threats early using machine learning, behavioral analytics, and application intelligence. However, as with any cloud provider, there are concerns around security and breach issues (i.e.,

SaaS 67
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Improving air quality with generative AI

AWS Machine Learning

If useful, it can be further extended to a data lake platform that uses AWS Glue (a serverless data integration service for data preparation) and Amazon Athena (a serverless and interactive analytics service) to analyze and visualize data. Venkat is a Technology Strategy Leader in Data, AI, ML, generative AI, and Advanced Analytics.