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Call Journey Conversation Analytics Ecosystem www.calljourney.com - - PowerPoint PPT Presentation

Call Journey Conversation Analytics Ecosystem www.calljourney.com VOICE DATA: The Missing Piece Other er o org Socia ial data ta Listeni ning ng Despite the rise of Omnichannel Customer Engagements, voice interactions continue to play


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Call Journey

Conversation Analytics Ecosystem

www.calljourney.com

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CHALLENGES

The race to understand customers and staff is continuing at a huge unabating pace and organizations continue to clamor for data in those areas. The majority of data curated and analyzed is structured data – because it’s easy to get hold of. The holy grail of customer and employee data however comes from conversations and in vast amounts of businesses this insights source is unstructured (currently in audio formats).. This data is typically very difficult to get hold of as globally there are hundreds of different audio formats, audio is typically encrypted and compressed audio, recording quality is extremely varied and often the audio is “dirty” from a data perspective- (IVR/Hold music). Our solution covers every industry vertical and multiple

  • rganisation

functions across sales, marketing, customer, HR and Legal/compliance.

IDEAL SOLUTION

Sourcing and understanding customer and employee conversations is a complex process – there are hundreds of different audio formats, hugely differing audio quality, compression and encryption techniques at play let alone accessing key aligned metadata with the conversation interactions. Then, many speech to text solutions fall short in accuracy and engineering modification capabilities. Lastly, automatically porting huge data sources from audio (in a 3-minute call there are 4500 lines of data) into upstream tools is complex. We make the whole process simple AND utilize most of the Microsoft environment in the process…

ACTIONABLE OUTCOMES

Marketers can now view conversation data when they are looking at areas such as customer journey mapping, triggers and events and customer sentiment/emotion. Customer Service executives can now get REAL insights into the VOICE of the customer and create predictive NPS on EVERY CALL, gain insights into root cause of customer experience outcomes and delve more into CX. Sales can now expand conversation insights into the huge volumes of calls in the contact centre channel to understand ways to improve revenue retention and growth General Counsel and Compliance executives can now create automated compliance assessment on 100% of their customer voice-oriented interactions.

VOICE DATA: The Missing Piece

Despite the rise of Omnichannel Customer Engagements, voice interactions continue to play a vital role in all organisations today in terms of how they communicate with customers. But Voice Data is often overlooked in the data analytics mix. Each conversation that takes place in an organization poses an opportunity or a risk. Currently, in an average ten-minute call with a customer, an alarming 98% of the conversation is largely ignored with most of the focus for analysis aimed at the post-call survey.

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Call Journey

Conversation Analytics Solution

We’re all about voice data. Our mission is to unlock every conversation and add the true voice of the customer and employee into their organization’s data mix. EASY INTEGRATION

Call Journey's audio connectivity and voice flow module integrates with many of the world's leading audio capture platforms, making the automated process of audio extraction from hundreds of different audio formats and structures – easy.

ENHANCED CONVERSION

Through the smarts of AI and Natural Language Processing, Call Journey transforms unstructured data-based voice conversations into structured data and unlocks customer SENTIMENT (what did they say) and EMOTION, (how did they say it).

ACTIONABLE INSIGHTS

Data is delivered straight into the Microsoft Analytics ecosystem, allowing you to easily analyze and monitor 100%

  • f customer conversations to track agent engagement,

performance and measure customer satisfaction – all at a click of a button. Tools utilized include Azure Machine Learning studio, Customer Insights, CRM, PowerBI and Insights tools such as Sales, Customer Service and Marketing.

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CUSTOMER EXPERIENCE

It is much more cost effective to retain and grow an existing customer than to acquire a new one. We can help you protect and grow your customer base with greater insights into them via conversation insights.

SECURITY AND COMPLIANCE

Automating QA and expanding coverage to 100%

  • f your voice-based interactions is a smart way to

protect your business. We make following regulations, fraud prevention and broad script adherence easy and complement existing processes.

BUSINESS GROWTH

Call Journey and Microsoft delivers enhanced and valuable data which directly affects your bottom line with decreased customer attrition, better workforce training and engagement, fast campaign tracking, ongoing feedback process, and revenue growth.

STAFF ENGAGEMENT

The Harvard Value Profit Chain fundamentally says – “look after your staff and they will look after your customers. Then ask yourself – “How

  • ften do I measure how engaged my staff are?”

With Microsoft and Call Journey, you can now measure staff engagement on VERY customer interaction!

Call Journey's Conversation Analytics Eco -System + Microsoft go together like cookies and cream!

With the thirst for data, to understand it's Insights and take remedial action continually accelerating at a rapid rate, the ability for Call Journey’s solution to add huge volumes of voice data into an organizations data mix is crucial. With Call Journey and Microsoft partnering together, the cookies and cream combination make it easy for customers to analyse VOICE DATA in their Microsoft environment, enhancing data augmentation and correlation along the way. The partnerships allows for organizations to then understand trends via PowerBI visuals and to disseminate crucial data to multiple interested parties in an organisation across sales, service, marketing and HR via CRM and the various Dynamics 365 Insight modules.

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NPS score increased from 58 to 73

“We were lagging behind the industry average NPS score of 70 for insurance companies and this was having a big impact on book revenue and cost to service. Our structured data analytics approach underpinning our CX strategy wasn’t having the impact we needed. When we added conversation analytics using previously untapped voice data, ascertained billing issues, product challenges, payment process and flexibility issues, channel engagement option priorities and brand impacts. In addition, significant agent coaching opportunities were derived through emotion, sentiment and call characteristics scoring.“

Lapse rates reduced from 16.5% to 10.8%

“We had several projects and initiatives in place to manage customer retention and growth. These activities designed to remediate triggers of lapse and low customer experience were based on available data sets at the time. When our lapse rate began to increase, we went back to our previous data and took further remedial action. With no improvement and in fact lapse getting worse, we introduced conversation analytics and added previously untapped voice data into our lapse analytics and profiling. We found that there were several new areas of lapse drivers uncovered and that some of the project we had in play were just plain wrong!”

Revenue per contact increased 32 percentage points.

“A great by product of our voice data analytics work on CX and lapsing cusotmers uncovered a number

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customer challenges across our product set, the way we had certain policies and procedures and the way our employees were engaging with the customers. In addition, we found some root cause issues with our employee onboarding and training programs – when linked with some gaps in coaching/leadership issues in our contact centre channel these two areas where having a big impact. We put in place a resultant remediation program which yielded fantastic results for us in our RPC”.

Customer success: Large U.S Based Insurance Company

  • NPS score increased from 58 to 73
  • Lapse rates reduced from 16.5% to 10.8%
  • Revenue per contact increased 32 percentage points

“It was incredible the insights we found when adopting conversation analytics. When we added actual conversation voice data to our data set, the enhanced insights we were able to glean was amazing but also confronting. We saw quickly that our traditional structured data sets we used to predict and manage lapse, gain customer experience insights and manage employee performance were giving as skewed and inaccurate insights without adding voice data to the mix.”

  • Executive Vice President and Chief Customer Officer
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Unlock the Power of Voice Data with Call Journey

Book a Discovery Session: www.calljourney.com/discovery-session

Contact us for more info: Ask a question via email: support@calljourney.com | sales @calljourney.com Learn more: www.calljourney.com/partnerships/microsoft For North America and Europe: BRETT MARSH VP for Sales in North America E: brett.marsh@calljourney.com For APAC: TIMOTHY TAYLOR Regional Director – APAC E: tim.taylor@calljourney.com