KNOWLEDGESTREAM AT-A-GLANCE
The Future of Customer Experience in AI
ABSTRACT
The Future of Customer Experience. Best practices in using digital tools and technology to improve customer experience and streamline process. Applying AI Technologies further adds opportunities and challenges.
PARTICIPANTS
OBJECTIVES
1. : Determine the challenges, drivers, trends and frictions specific to the scope.
2. : Develop a thorough list of alternatives, their strengths and weaknesses, supported by examples.
3. : Define the key characteristics that would need to be true to make the desired impact.
4. : Define the recommended path(s) for a viable solution and identify the critical success factors in deployment.
End Date: Oct 30, 2018
CONTRIBUTIONS
ACTIVITY
141 Days
7 Themes
30 Contributors
1270 Posts
794 Comments
209 Followers
OUTPUTS
6 Slide Deck
5 Video
CALLS ATTENDED
• 2018-10-12 16:52:02 - A recording of the Theme Interview for Theme #6: "What are companies doing to promote or ensure that AI positively impacts the customer journey?" was uploaded
THEME #1
How has the innovations using AI to create voice command and visual search changed, improved, or harmed the customer experience today?
THEME SUMMARY
Both AI visual & voice search improve the customer experience for digital and physical commerce. While in the early stages of development, they will reshape how we interact with brands and retailers.
- People are far better at talking rather than writing about things. An AI voice interface allows them to run searches at will. The search engine parses & couples product descriptions with best matches.
- 1 picture = 1000 words; allowing people to reason with similarities.
- An AI recommendation engine uses customer behavior to establish if the customer is likely to like any of the best ranked matches (generated thru voice or visual search).
- Digital services powered by AI will merge the disabled customers and non-disabled customers into just one group: customers.
Visual Search Innovations
Target will be the first—and exclusive—U.S. retailer to bring Pinterest Lens directly into shoppers apps and experiences, which will create an incredibly rich and simple way for store guests to explore, discover and buy millions of products .
Macy’s continue to focus on mobile in its research and development to bring stores, technology, Internet capability and smartphone or tablet access together to attract shoppers and serve the needs of customers. Many of the features are available across both Macy’s and Bloomingdale’s stores.
Measuring the Success of an AI Innovation to Improve the Customer Experience
Markov decision processes, which is a discrete-time stochastic control process. It provides a mathematical framework for modeling decision making in situations where outcomes are partly random and partly under the control of a decision maker.
THEME #2
How has the innovations using AI to "Leverage Big Data" changed, improved, or harmed the customer experience today?
THEME SUMMARY
AI gives entities in the public and private sectors the ability to utilize their big data to provide a satisfactory customer experience through personalization and customization..
- Products and services are most often substantially improved to better meet the needs and expectations of the customer through the effective use and analysis of big data combined with AI.
- AI + big data trained to personalize the customer experience without knowing the customer's personal details is preferred; distinguishing the customer experience to be "cool". rather than "creepy"..
- Customer's fear that entities in the public and private sectors that use big data combined with AI may compromise the customer's privacy.
- Customer's fear that their personal information which is gathered by entities in the public and private sectors in the form of big data combined with AI may not be secure.
Opportunities of AI + Big Data
THEME #3
How have the innovations to integrate AI in mobile strategies changed, improved, or harmed the customer experience today?
THEME SUMMARY
Creating all kinds of smart apps using AI on mobile devices is dramatically improving the customer experience by enhancing personalized convenience so they feel valued and are known.
- Mobile capabilities, paired with a deep understanding of customer data and analytical power can offer a highly personalized, right time, right offer experience.
- "Deep Linking" really comes down to the ability of brands to use customer data across multiple platforms, stages, of the customer journey, and needs..
- AI + mobile unlocks information about the context behind people's behaviors. The continual connectivity means that companies can now get more information about their customers than ever before.
- The downside is that it becomes exponentially harder to create loyal customers. All it takes is a minor slip up, and you've lost that customer; Adequate protection of privacy & security is critical.
Opportunities from integrating AI into mobile strategies
The theme I'd like to introduce via this example is to use AI FOR THE CUSTOMER not only for the business. Instead of coaxing customers to do the business's bidding, the business can adapt itself to the customer giving them more of what they want--and getting more for shareholders in return.
The new topic will be "Deep Linking." This began to gain prominence back in 2016, and it now is being refined. By deep linking, we mean the ability to engage other services within a primary service.
Strengths from integrating AI into mobile strategies
As in this example, AI has the power to decrease the time it takes for people to learn something new or to complete tasks where they don't necessarily have expertise. When you make that available to users anywhere they are via mobile integrations, the possibilities extend even further.
So the best application in my opinion is when the customer is an active participant in the process. When we are looking for a specific place or product, then the mobile phone can help search and give better recommendations because the phone knows where we are.
Threats from integrating AI into mobile strategies
Well, no amount of analysis we did could confirm that the treasure hunt games actually drove sales. People were going into stores to get the treasure hunt treasure. But they were not buying anything.
The bot idea is quite good. Most bots and virtual assistants today are woefully inadequate in the delivery of value to users. The organizations that step up the level of system integration and that employ AI to personalize the experience will lead the pack in 2019.
Weaknesses from integrating AI into mobile stategies
you have a solution that is composed of multiple algorithms and models, each doing something different and using its own specific data. Assuming that we rely on a data connection, then AI could make customer experience less enjoyable if the connection experiences significant latency or data loss.
We were strictly looking at some specific items that were not as subject to impulse purchases as was hoped. So, this was a classic example of "you can lead a horse to water but you cannot make the horse drink the water".
THEME #4
How have "chatbots", that virtually initiate proactive chats with customers, changed, improved, or harmed the customer experience today?
THEME SUMMARY
Chat bots are advanced AI; clever computer programs. Bots are a first line of defense; not ready to be the only solution and are an inexpensive, efficient way to solve common, everyday challenges.
- A chat bot has to exercise pro-activeness in order to initiate the right conversation with the right person, through the right channel and at the right moment.
- Nowadays, chat bots are an indispensable support for digital communication.
- Chat bots can be aimed at creating opportunities to serve humans that aren't always related to saving costs.
- A proactive chat bot can assume the role of a true salesperson, capable of adapting to the user’s expectations.
Strengths of "chatbots" initiating proactive chats with customers.
Weaknesses from "chatbots" initiating proactive chats with customers.
Opportunities for "chatbots" initiating proactive chats with customers.
The question should be "SHOULD YOU USE A CHAT BOT EXCLUSIVELY?". Make certain that prior to changing over to a chat bot, you do a little customer research on what your customers want. A little A/B testing can go a long way to saving a company from high churn levels.
Easy experiences are part of the winning formula for companies. AND, if the experience is more tedious or less helpful than other channels, these chatbots will not be used. Better design and performance (in understanding and responding) are critical to success.
THEME #5
How have "Virtual Assistants", acting as a personal concierge, changed, improved, or harmed the customer experience today?
THEME SUMMARY
Virtual and personal assistants driven by AI are everywhere; great for routine tasks because they are inexpensive and efficient. Alexa, Siri, Echo, and other such devices embody this technology..
- The Google Assistant seems to be everyone’s favorite VA; useful for general knowledge, ordering food, making reservations, online shopping, …
- Demographics plays a large role in foretelling the future of the VA space.
- The underlying technology can monitor a lot more data sets; taking care of many activities without failing.
- Users today are smart, do not appreciate being told what to do, but appreciate experiences that knows what the user will do next plus giving them choices.
SURVEYS
The strengths of AI "Virtual Assistants", acting as a personal concierge,
Routine tasks are best handled by a virtual agent because it is inexpensive and efficient. The underlying technology can monitor a lot more data sets and can take care of many activities without failing.
Others Ordering food, making reservations and online shopping are three other areas where virtual assistants can be very useful.
The weaknesses of AI "Virtual Assistants", acting as a personal concierge,
I think what you've mentioned around routine vs. complex tasks is an important lens, and I'd add to it an aspect of "what level of emotional support customers expect to receive during that interaction" as a second dimension.
For more complex tasks or to appreciate the relationship, nothing better than two human beings have a conversation.
The threats from AI "Virtual Assistants", acting as a personal concierge,
The opportunities for AI "Virtual Assistants", acting as a personal concierge,
THEME #6
What are companies doing to promote or ensure that AI positively impacts the customer journey?
THEME SUMMARY
Today AI is successfully being used in many ways by a very broad range of companies and industry sectors to provide or ensure a positive B2B, B2C, or D2C customer experience.
- AI with big data is being used in different ways for social media, transportation, retail, and many other industries.
- AI is best suited for the more basic or routine type of customer service functions.
- AI supplemented with human intervention or help can tackle just about any customer experience or service need.
Threats for companies using AI to promote or ensure a positive customer journey
..."there is a big divide between adopters and firms on the sidelines. This divide is due to lack of innovation, appreciation of value and the traditional business models that have been successful anyways for many decades; fear of changing; and the cost of build and deployment"...
we certainly don't want only a few technology firms to predict our decisions and and have unbridled power to influence our behavior.
Companies using AI to promote a positive customer journey
Amazon's massive database of over 150 million customers provides a deep pool of information and subsequently increases the total size of the order and a greater share of wallet; plus doing a very good job using ML and AI in it's customer service platform.
Last year Levi's announced that they were working with Mode.ai to deploy the Levi's Virtual Stylist - an AI powered chatbot that assists customers in selecting a pair of denim blue jeans.
Companies using AI to ensure a positive customer journey.
TrueFace.ai is operating at the other end of the biometric identity continuum to ensure that facial recognition can not offer a false positive signal when presented with a photograph, a problem that has plagued many of the early facial recognition entrants.
Northface launched a highly personalized instore experience online called XPS using IBM watson; combining Big data and AI to close the gap between in-store and online shopping for customers; acting as a expert advisor helping users navigate the website as if they are navigating their physical store.
Products/services with AI promoting a positive customer journey.
Medallia is an example of a platform that uses AI to capture “voice of customer” feedback. Once it is analyzed, Medallia’s AI can spit out a suggested action and can tell you how much impact an action would have on business results.
IBM created WeatherFX using Watson AI to create personalized targeted automated campaigns. for advertisers. It uses weather data from the weather company with a cross channel marketing platform allowing marketers to have an AI powered consumer decision making.
Opportunities for companies using AI to promote or ensure a positive customer journey.
My take-away is that this theme is the key to success for companies to maintaining their push for integration of AI and customer experience.
Search will shift to image or voice based; voice command or image recognition to login. Imagine pointing your phone to any landmark, road, or even magazine picture of it; instantly getting all the wikipedia like details + the map to it.. Facebook, Pinterest and instagram use computer vision AI.
Products/services with AI ensuring a positive customer journey.
Overall the important key takeaway for a good AI customer journey is to reduce friction pain points for the user such as entering of data, presenting fewer choices, reduce number of clicks, reduce number of commands and imitating natural behavior .
The call centers of most large financial institutions are employing AI powered voice recognition software through vendors scubas Nice to establish and confirm identity.
THEME #7
How is AI Implemented Across Different Industries and Sectors and How is Success Measured?