article thumbnail

What is speech analytics? Definition, benefits, and use cases

3CLogic

Thanks to its transformational benefits, saving time and costs for contact centers, the speech analytics market is expected to reach $14.1 billion by 2029. 1 In this article, we’ll explore what Speech Analytics is, its benefits, and use cases for the contact center industry. Definition: What is Speech Analytics?

Analytics 105
article thumbnail

Top 10 ecommerce trends shaping online retail in 2024

delighted

According to Acxiom, 83% of companies say that using customer data and predictive analytics to improve the customer experience will be a key way to earn customer advantage over the next 5 years. billion between 2024 and 2029. in-store and online sales). By 2027, nearly a quarter of retail purchases are expected to take place online.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Process mortgage documents with intelligent document processing using Amazon Textract and Amazon Comprehend

AWS Machine Learning

In the final phase of the process, the extracted and validated data is sent to downstream systems for further storage, processing, or data analytics. Anjan Biswas is a Senior AI Services Solutions Architect with focus on AI/ML and Data Analytics. About the authors.

APIs 117
article thumbnail

AI in Healthcare: A Comprehensive Guide on How AI Can Revolutionize Patient Care

Hodusoft

billion by 2029. percent from 2022 to 2029. As you use the demo version of the AI software, inspect every aspect of it starting from chatbots, NLP systems, as well as analytics and reports. Monitor Performance and Outcomes One of the best things about AI is that it comes with advanced analytics and reporting features.

article thumbnail

Customer Engagement Platforms and Digital Customer Service Tools: What’s the Difference?

Revation Systems

Constantly Refines Performance through Analytics AI-powered CEP allows continuous learning, allowing contact centers to refine themselves daily. It allows you to create an infinitely ongoing experience to compound customer satisfaction, and provide agents real-time analytics on their own vocal tone, mood, and sentiment during interactions.

article thumbnail

Boost Customer Engagement for MSPs Using HoduBlast’s Customizable Broadcasts

Hodusoft

billion by 2029. Data-Driven Insights HoduBlast provides detailed analytics, which allows MSPs to understand client needs and behavior. As per a recent report published by MarketsAndMarkets, the global managed services market is estimated to grow at a compound annual growth rate (CAGR) of 6.9 percent, from USD 365.33

article thumbnail

The Rise of India’s BPO Industry: Key Factors Driving Success

Hodusoft

The employees in these BPOs ensure the accuracy and completeness of data and analytics. billion by 2029. Specialized, AI-Driven Insights As per a recent stat , three out of every five BPO providers that took part in the survey said that they will offer specialized analytics and AI-driven insights by 2025-2026.