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How Artificial Intelligence is Changing CX in the Contact Center

Fonolo

Gartner reports that AI chatbots alone can save the contact center industry up to $80 billion in annual labor costs by 2026. Metrics like first-call resolution and average handle time have historically been used to measure agent success and by extension, customer sentiment. By 2031, the savings could grow to $240 billion.

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11 Must Know Call Center Terminologies- A Guide!

Hodusoft

between 2021 and 2026. AHT (Average Handling Time) – AHT is the average amount of time that an agent spends on a call with a customer, including hold time. However, according to a report by IBISWorld, the call center industry is projected to have a compound annual growth rate (CAGR) of 3.3%

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How GenAI-powered auto-call summarization increases ROI and improves workflows

3CLogic

As explained by Gartner “By 2026, more than 80% of enterprises will have used generative artificial intelligence (GenAI) application programming interfaces (APIs) or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023”.

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Protecting Your Contact Center Agents’ Emotional Well-Being

Playvox

Gartner predicts that by 2026, 75% of customers who contact customer service and support organizations will do it because they’re lonely , not because they need customer service. Recall that according to Gartner, disengaged agents make interactions harder for the customer, which is likely to show up as longer handle times.

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The Great AI Paradox for Contact Centre Agents

CSM Magazine

Leading research and consulting firm Gartner predicts that Conversational AI will reduce contact centre labour costs by $80billion in 2026 and over the same period, one in 10 agent interactions (10%) will be automated, an increase from an estimated 1.6% of interactions today.

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Generative AI is Shaping The Future of Contact Centers in 2024

Balto

According to Gartner, we can expect a five-fold increase in agent interaction automation by 2026. For example, if you want to know what your agents’ AHT (Average Handling Time) is in real time, you can just ask “What is the average handling time today?”

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Optimizing Call Center Customer Support for Increased Revenue

Tenfold - Contact Center Blog

Wikibon predicted that enterprise cloud spending is growing at a 16% compound annual growth (CAGR) run rate between 2016 and 2026. From average handle time, to call resolutions, to customer experience, call center managers have an enormous challenge before them to make continuous improvements.