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Definition and Scope Call Center Business Process Outsourcing (BPO) refers to the strategic delegation of customer service operations to specialized third-party providers. This practice has gained significant traction, with the global call center market estimated at US$332.2 Billion by 2030, growing at a CAGR of 6.0%.
Five years ago, experts predicted that artificial intelligence (AI) would replace up to 30% of the global human workforce by 2030. Artificial intelligence now handles the repetitive, trivial queries that clog call volume by automating a portion (or all) to IVRs, chatbots, and other self-service technologies.
ChatBots are being used in every industry vertical—retail, automotive, financial services, even healthcare—to replace humans in contact centres. AI is expected to take over around 38% of US jobs by the year 2030. Text Chat will be the first to be replaced with ChatBots. Text chat has less than 60% and ChatBots even less.
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