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What is RAG? A Deep Dive into Retrieval Augmented Generation

The field of AI is advancing rapidly, especially in large language models. Prominent models like GPT-3 and GPT-4 have impressive capabilities in generating coherent, human-like text. However, these models face a significant limitation: they rely solely on the data they were trained on, often leading to outdated or contextually incorrect information. As a result, the quest for more accurate, real-time, and contextually aware models has led to the emergence of Retrieval Augmented Generation (RAG).

RAG combines the generative power of large language models with the precision of information retrieval systems. By augmenting the generative model’s responses with real-time, relevant data fetched from external knowledge bases, RAG opens up new possibilities for generating accurate, up-to-date, and contextually rich information. In this article, we’ll dive into what RAG is, how it works, and why it is a game-changer in the world of AI.

What is Retrieval Augmented Generation (RAG)?

At its core, Retrieval Augmented Generation is a hybrid approach that fuses two powerful AI techniques: information retrieval and text generation.

Traditional language models, such as GPT-3, rely on vast amounts of pre-trained data. While these models are adept at producing fluent and coherent responses, they are limited by the static nature of their training data. As a result, they may produce factually incorrect or outdated information, often referred to as “hallucinations.”

RAG addresses this limitation by incorporating a retriever component that pulls in real-time, relevant information from external knowledge sources. The generative model then processes this information, producing responses that are linguistically accurate and grounded in factual, up-to-date content. In other words, RAG enhances the response generation process by accessing current data, reducing the likelihood of producing incorrect or irrelevant outputs.

The concept is simple: instead of solely relying on a model’s “memory,” RAG taps into a dynamic source of knowledge to improve the quality of its outputs. This combination of retrieving information and generating text leads to a far more robust, accurate, and context-aware language model.

Key Components of RAG

To understand how RAG achieves its enhanced capabilities, it’s important to break down its three core components:

Retriever

The retriever is responsible for fetching relevant content from external data sources. These sources could be anything from a curated knowledge base (like Wikipedia) to domain-specific repositories (like legal documents or scientific papers). The retriever scans the available information and identifies which passages or documents are most relevant to the query. This step ensures that the model can access up-to-date and contextually appropriate data.

Generative Model

The generative model works in conjunction with the retriever to synthesize responses. Unlike standalone generative models, which rely solely on pre-trained data, the generative component of RAG integrates the retrieved information into its output. This results in responses that are coherent and factually accurate, addressing one of the major challenges faced by traditional language models.

Knowledge Base

The quality and scope of the knowledge base are critical to RAG’s success. Whether it’s an internal database, a collection of documents, or an open-source platform like Wikipedia, the knowledge base serves as the retriever’s resource pool. The richer and more diverse the knowledge base, the better the retriever can perform in delivering accurate information to the generative model.

How Does Retrieval Augmented Generation Work?

RAG operates in two key phases: retrieval and generation. 

Retrieval 

The first step in RAG is retrieving relevant information. When a query is made, the system doesn’t immediately generate a response like a traditional language model would. Instead, it first identifies and pulls data from a vast pool of external sources, such as a knowledge base, a document repository, or even the web.

This retrieval process is powered by retriever models, typically trained using techniques like dense passage retrieval (DPR). These models learn to efficiently search through vast amounts of unstructured text to locate passages or documents that are most likely to contain relevant information. The key is that the retriever does not provide a final answer—it merely presents the most relevant chunks of data to the generative model.

Generation 

Once the relevant information is retrieved, the generative model steps in. The role of the generative model, often a transformer-based architecture like GPT-3 or GPT-4, is to synthesize a coherent, natural language response. It does this by combining the retrieved information with its own pre-trained knowledge.

The generative model takes into account the context of the query and the retrieved data, integrating them to produce a well-rounded response. This fusion of information retrieval and generation ensures that the model’s output is fluent, accurate, and up-to-date information.

Together, these two steps create a system that produces responses with higher accuracy and relevance than purely generative models. RAG effectively bridges the gap between static knowledge inherent in traditional models and dynamic, real-time information retrieval systems.

What Are the Benefits of Using Retrieval Augmented Generation (RAG) Over Standard Generative Models?

RAG offers several distinct advantages over traditional generative models, making it a powerful tool for a variety of applications. Some key benefits include:

Better Responses with Increased Accuracy

One of the most significant advantages of RAG is its ability to produce more accurate responses. By retrieving relevant data from external sources, RAG reduces the likelihood of generating incorrect or outdated information. This makes it ideal for applications that require up-to-date and factual content, such as customer support, research, and legal analysis.

Reduced Hallucination

Traditional language models sometimes generate information that seems plausible but is entirely fabricated. This phenomenon, known as “hallucination,” can be problematic in critical applications like healthcare or finance. RAG mitigates this issue by grounding its responses in real data retrieved from reliable sources, resulting in more trustworthy outputs.

Context-Awareness

RAG’s retrieval mechanism allows it to provide more contextually relevant responses. Instead of generating generic answers based solely on pre-trained knowledge, the model tailors its output based on the specific information retrieved from external data sources. This leads to a more personalized and context-aware user experience.

Dynamic Knowledge Access

Unlike traditional models that require retraining to incorporate new data, RAG can access dynamic, real-time information without the need for extensive retraining. This flexibility allows it to adapt to new developments, such as changes in legal regulations, market trends, or scientific discoveries, making it more suitable for industries where information is constantly evolving.

Conclusion

Retrieval Augmented Generation represents a significant leap forward in the evolution of AI language models. By combining the strengths of information retrieval systems with the power of generative models, RAG produces responses that are not only coherent and contextually relevant but also grounded in accurate, up-to-date information. This hybrid approach has the potential to revolutionize a wide range of industries, from customer support and legal analysis to research and education.

As the availability of large, diverse datasets continues to grow and retrieval mechanisms improve, RAG will likely become an essential tool in the AI toolkit. Its ability to dynamically integrate new information, reduce hallucination, and provide context-aware responses makes it a promising solution for the next generation of AI-powered applications. The future of language models is not just about generating text—it’s about generating the right text, and RAG is leading the way in this exciting new frontier.


Are you ready to take the next step toward call automation with Conversational AI? Schedule a free demo with one of our experts to learn more!

What Are the Most Important Integrations for a Conversational AI Platform?

You are ready to adopt a Conversational AI or Voice AI solution for your contact center, or you are in the process of adopting one—congratulations! Now is the time to think about integrations. In this article, we’ll discuss the benefits of integrating your Conversational AI platform with various tools and applications to transform your tech stack into an ecosystem, and we’ll offer some guidance on where to get started.

What Are Conversational AI Integrations?

Integrations are the systems and processes that connect the Conversational AI platform or software with other tools or applications you may be already using, so they can work together seamlessly. Integrations enable you to view, exchange, and control data from multiple sources; they augment your system’s capabilities, ensuring a more unified and efficient workflow, and enabling the automation of work that would otherwise have to be done manually.

There are different ways to build an integration—for example, via APIs or through RPA.

The Most Important Conversational AI Integrations

Integration with internal systems is the top criterion considered when selecting a Conversational AI platform provider, according to research by Gartner.

The most common types of integrations for Conversational AI are required for customer relationship management (CRM) systems, payment gateways, telephony platforms, speech analytics tools, and messaging tools. In this article, we’ll explain the role and importance of integrations and go over the most common types for various use cases.

What Are the Benefits of Integrating a Conversational AI Platform with Other Tools and Applications?

For a seamless collaboration between live agents and voicebots or chatbots, your business requires various tools that perform different functions while working well together. Through integration between tools, the entire process can be as smooth and efficient as possible.

The main benefits of integrating your Conversational AI platform with other tools and applications are:

  • Ensuring a better customer experience, as the virtual agent will be able to perform multiple tasks and better serve the user or consumer.
  • Maximizing the personalization of each interaction, as the virtual agent will be able to address users by name, easily access their records, and base its interactions on context.
  • Automating several tasks, freeing the contact center’s staff of the administrative burden.
  • Generating automated metrics and real-time analytics to track the performance of the calls and maintaining records of all consumer interactions.

3 Things To Consider When Thinking About Conversational AI Integrations

Stay lean at first. The number-one tip for companies adopting a Conversational AI solution is to avoid focusing too much on integrations at the beginning of the adoption process. This is because when you adopt a new technology, it’s important you focus on gaining experience with it and fully understanding how it can benefit your business before you invest a lot of time and money in integrating it with several other tools and platforms. First, implement the solution with the most necessary integrations, and then you can start investing in the heavier ones.

Flat-file transfers. Since integrations can be resource intensive, at first you might prefer to rely on flat-file transfers to execute your campaigns with the Conversational AI solution. Flat-file transfers via a Secure File Transfer Protocol (SFTP) are easy to execute and enable you to start using the solution immediately.

Data privacy. Data privacy and data protection are elements that you should always keep in mind when integrating different systems. You want to secure the data against unauthorized access, adopting processes like encryption, secure communications protocols, and relevant security policies.

The Most Important Integrations for a Conversational AI Platform

Conversational AI Integration with Customer Relationship Management (CRM) Systems

Companies use CRM software to gather, organize, and manage customer information. The primary benefit of integrating your Conversational AI solution with your CRM system is to easily personalize all calls, whether outbound or inbound, and automate them end-to-end.

For outbound calls, for example, the virtual agent can gather the customer’s information from the CRM and address them by name: “Hi John, this is a virtual agent calling from…” The CRM also feeds the AI solution more detailed information and context on the customer’s account and history based on the use case.

For a debt collection agency, for example, the virtual agent can gather information about the consumer’s debt and the outstanding balance.

Examples of CRM systems are HubSpot, Salesforce, Zoho, Finvi, InterProse, Latitude, Simplicity, Freshdesk, and Zendesk.

To avoid API setup, you can integrate your CRM via robotic process automation (RPA). You can learn more about robotic process automation (RPA) in our dedicated blog post.

Conversational AI Integration with Telephony Platforms

Every company with a contact center operation has a telephony system. Examples of telephony systems include TCN, LiveVox,  Twilio, Genesys, RingCentral, 8×8, and Five9. Integration of the Conversational AI platform with your existing telephony system is essential and can be accomplished with two different methods.

The first is SIP trunking, a method for making and receiving phone calls and other types of communication over the Internet. This is typically the preferred method to handle AI-powered calls, but some telephony systems may not be compatible with it.

The other one is PSTN call forwarding, i.e. the public switched telephone network, an advanced network of telephone lines, switching centers, and cable systems to enable connectivity between phone devices. This solution is less flexible than SIP trunking and presents several limitations, but it can be faster to implement. Some businesses may start with PSTN call forwarding and later upgrade to SIP trunking.

Conversational AI Integration with Payment Gateways

Integrating the voicebot platform with payment gateways or payment applications improves the customer experience and ensures the completion of various transactions during the call without the need to involve a human agent. Examples of payment gateways are Payscount, RevSpring, PayNearMe, Nuvei, and IntelliPay.

Consumers can easily pay a bill either on-call or via a link to a secure payment gateway.

For debt collection use cases, this integration can be very useful, as the AI solution can assist users in making payments. This integration makes the collection process fully automated, cheaper, and smoother.

Conversational AI Integration with Messaging Platforms and SMS Solutions

To provide an omnichannel solution that allows consumers to interact with your company through their preferred channel, you’ll need to integrate the Conversational AI platform with an SMS solution. This enables the AI solution to handle inbound and outbound interactions via text message in a compliant manner.

Messaging integrations can be used both for inbound and outbound messages.

Outbound messaging:

  • Payment reminders. The solution can send text messages to remind consumers of due balances and upcoming deadlines.
  • Confirmations and receipts. After a consumer has made a payment, the solution can send a payment confirmation and receipt via email or text message. Confirmations can also be sent for any other type of transaction or request, such as a travel reservation change or a callback request.
  • Payment link. The company can send a link to a secure online payment portal via text message (SMS) or email so the consumer can complete the payment.

Inbound messaging:

  • Consumers who prefer to interact with your company via text message will be able to exchange messages with the SMS bot and receive responses in real-time.

Are you interested in learning more about how Conversational AI can benefit your business? Book a demo with one of our experts.

Seamlessly Integrate Conversational AI with Your CRM Platform Using RPA

When you adopt a Conversational AI solution for your collection business, one of the first challenges is getting it to exchange information with your company’s customer relationship management (CRM) platform. In this article, we’ll explain how you can integrate Skit.ai’s solution with your CRM system using a robotic process automation (RPA) approach. This method can save you time and money while requiring minimal technical expertise.

The Importance of CRM Software for Collection Agencies

CRM software is essential to gather, organize, and manage your accounts’ information. The benefit of integrating your Conversational AI solution with your CRM system is to easily personalize calls and quickly fetch consumer data in order to achieve end-to-end automation.

Whether it’s an outbound call—and your bot is calling a consumer to collect payment—or an inbound call—in which a consumer may call to request information on their account—you’ll need the bot to have access to the data.

The Challenges of Achieving a Conversational AI & CRM Integration for Collection Agencies

Collection agencies that want to adopt Conversational AI have a options to give the solution access to their CRM data.

To get access to CRM data, flat-file transfers and middleware are two ways to avoid a complex integration requiring building new APIs. It’s important to note that flat-file and middleware are not considered actual integrations.

SFTP Flat-File Transfer:

  • What it is: Campaign files are transferred directly from one system to the other—from the agency’s systems to the Skit.ai servers—usually via a Secure File Transfer Protocol (SFTP).
  • The advantage of flat-file transfers: This approach is very simple to execute, especially for basic data exchanges, requiring no IT effort and resources.
  • The disadvantage of flat-file transfers: This method does not provide real-time updates and is not automated, requiring the collection agency to handle file uploads on a regular basis.

Middleware Approach:

  • What it is: The middleware approach enables the Conversational AI platform to access the collection business’ CRM platform and store its encrypted data in the platform’s database. Additionally, every time the AI solution handles an inbound call with a consumer, it creates an SFTP file on the call and then uploads it on the client’s server.
  • The advantage of the middleware approach: It’s a more scalable solution and it’s good for inbound use cases, as it enables the Conversational AI solution to access consumer data.
  • The disadvantage of the middleware approach: It requires setup and maintenance and does not provide real-time updates, as the transfers only occur at regular intervals (e.g., once a day). It also can’t be used for outbound use cases.

API Integration:

  • What it is: An Application Programming Interface (API) enables different software applications (such as a CRM and a Conversational AI platform) to communicate with each other.
  • The advantage of API: It allows the Conversational AI solution to seamlessly access CRM data in real-time and in a structured manner. The CRM is updated in real-time with the outcomes of each interaction. Another benefit is that once the API is built and implemented, no further manual intervention is needed.
  • The disadvantage of API: APIs need to be available or custom-built, and they require programming expertise to implement and manage. CRM platforms usually don’t provide ready-made API integrations. This method requires a longer go-live timeline.

Due to the disadvantages of each method, we’ve adopted an alternative approach to solving this challenge.

What Is Robotic Process Automation (RPA)?

Robotic process automation (RPA) involves using bots to automate repetitive tasks and workflows by mimicking human actions to interact with systems and applications.

With RPA, the Conversational AI platform can automatically access a CRM without requiring an API setup. The collection business grants the bot access to the CRM platform and whitelists it to ensure that the server is recognized as secure. The RPA bot functions as a live agent, logging into the CRM system and interacting with it directly, without the need for integration.

This approach requires no IT effort on behalf of the collection business utilizing Conversational AI, resulting in significant cost savings.

How Does an RPA Bot Impact Debt Collection Use Cases?

An RPA bot with access to a collection agency’s CRM can do the following:

  • Fetch account information such as due balance
  • Update the CRM with promise-to-pay (PTP), payment date, and other outcomes
  • Add notes to the CRM, e.g. reminder to call consumer on payment date

All this can be automated and executed without any human intervention.

The RPA method only works with cloud-based CRM platforms, such as Finvi, Collect!, and Debtrak. It does not work with on-premises CRMs, such as CollectOne, Debtmaster, Latitude, and Gcollect. 


Curious to learn how Skit.ai can integrate with your existing CRM? Request a demo with one of our experts!

4 Easy Steps to Go Live with Voice AI for Collections

In a debt collection industry ripe for innovation, the introduction of Conversational AI is revolutionizing the agencies’ recovery processes as well as consumer experiences. For debt collection agency leaders looking to streamline and accelerate their collections, transitioning to an omnichannel, AI-powered platform undoubtedly marks a significant shift.

In this blog post, we are focusing on the steps needed to go live with Voice AI to automate phone interactions with consumers.

This brief guide provides a simple and intuitive path for debt collection leaders to seamlessly integrate Conversational Voice AI into their existing operations. From initial setup to going live with your first campaign, let’s demystify the steps you need to take to introduce this game-changing technology into your ecosystem.

Here are the 4 easy steps we’ll be following:

Step 1: Complete Your Welcome Questionnaires

The adoption of Voice AI begins with a thorough understanding of your current collection campaigns, business requirements, and state-level compliance. The Welcome Questionnaire serves as the foundation for tailoring the Voice AI system to meet your unique needs. 

For the outbound use case, for example, we’ll ask you questions about your inventory and current metrics:

Inventory Question Examples

  • Volume of accounts
  • Average debt age
  • Average account balance

Current Metrics Question Examples

  • Volume of average dialed calls
  • Current account penetration
  • Current RPC rate
  • Live agent count

We’ll also ask you to share your current third-party vendors and solutions, which will be important for the next step of the process.

Step 2: Select Your Third-party Integrations

A Voice AI solution for debt collections is not a standalone system. It functions best when integrated with your existing technology stack. Selecting the right third-party integrations is crucial for a successful deployment. Skit.ai offers several out-of-the-box integrations, which we already have in place and will require minimal effort on your part.

System of Record: Your CRM or system of record is the heat of your operation. You can rely on simple flat-file transfers or API integrations depending on your organization’s requirements and use cases.

Payment Gateway: Simplifying the payment process for consumers is a significant advantage of Voice AI. Integration with a payment gateway allows consumers to make payments on-call, improving the likelihood of debt resolution. Skit.ai has completed the integration process with several major gateway providers, supporting multiple payment methods.

Telephony Platform: You’re most likely using a third-party telephony platform. Depending on your requirements and use cases, you can rely on Skit.ai’s own telephony system. For inbound use cases, we’ll require integration with your telephony system, allowing incoming calls to be answered by our virtual assistant.

Live Agent Transfers: Our solution is meant to augment your existing operations, and live agent transfers can be necessary in more complex scenarios. Your system should provide a smooth transition from the AI interaction to live agent support when needed.

Step 3: Set Up Scenarios and Workflows

Skit.ai’s Conversational Voice AI solution has a standard set of configurations and multiple scenarios it’s designed to handle. Here are a few examples of the scenarios the virtual assistant can handle on your behalf.

Right-party Contact: The voicebot can easily authenticate or verify the identity of the consumer, to ensure that you are speaking with the actual debtor and not someone else. You can verify RPCs via zip code, last digits of the social security number, or date of birth.

Mini-Miranda: The voicebot can read the Mini-Miranda rights in compliance with the FDCPA.

Disposition Capture: The voicebot can handle various scenarios—attorney representation, consumer requesting not to be contacted, deceased consumer, etc.—and capture the intent of the consumer in regard to the payment of the debt.

Settlements and Installment Plans: The voicebot can negotiate payment plans in installments or settlements in accordance with the creditor or agency’s requirements.

Payment Automation: The solution handles on- and off-call payments. Payments methods include card-on-file, on-call card payment, and payment via SMS link. Additionally, the call can be transferred to a live agent, who can handle the payment. In the case of a promise-to-pay (PTP), the solution will capture the estimated date of the payment.

Step 4: Initiate Your First Campaign

You’re ready to launch your first collection campaign. Congratulations! Here’s how you can do it.

To get started with your first collection campaign using Skit.ai’s platform, you will use a flat-file transfer to upload your campaign data—including name, date of birth, zip code, due balances, and due dates—to a remote server and transfer it via a Secure File Transfer Protocol (SFTP).

During onboarding, you will receive a detailed guide on how to execute your first transfer, and your Customer Success Manager will ensure to support you as needed.


Are you interested in learning how Skit.ai’s omnichannel solution for collections can benefit your business? Use the chat tool below to schedule a meeting with one of our experts.

The Importance of Data Security for Debt Collection Agencies

Data Breaches Are No Joke, and They’ve Been Spiking

Data breaches are no joke, and many collection agencies have learned it the hard way—with pricey settlements or even facing bankruptcy as a consequence. A data breach usually involves the leak of user data such as names, email addresses, and passwords. The second quarter of 2023 saw a 156% increase in data breaches globally, with North America leading as the most affected region, according to a new report published by Surfshark and shared by our friends at Accounts Recovery. The United States accounted for 49.8 million leaked accounts in Q2.

The disturbing data highlights the importance of taking data protection measures for collection agencies in the U.S. In a time dominated by digital transactions and interactions, it’s hard to overstate the significance of data security.

For collection agencies, which handle sensitive financial and personal information on a consistent basis, maintaining strong data security measures is not just a legal requirement; it’s a critical aspect of building trust with clients and safeguarding sensitive information.

How can collection agencies better protect their customers’ data and prevent a breach? How should agencies prepare themselves in the event of a breach? What’s a good incident response plan? In this article, we’ll answer these questions and also provide notable examples of data breaches at debt collection agencies in recent years.

Data Security: Legal and Regulatory Requirements

The best-known U.S. law for enforcing the protection of sensitive patient health information is HIPAA. However, there are several other laws that enforce data security for ARM companies.

The Gramm-Leach-Bliley Act (GLBA) is the main privacy law aimed at financial institutions, including collection agencies, and it has been updated with two rules: the Safeguards Rule (2003) and the Final Rule (2021). The latest update to the law includes new requirements, such as encrypting all customer information; multi-factor authentication; secure disposal of customer information; and security awareness training for the staff.

Other data protection and privacy laws collection agencies should be aware of are the Fair Credit Reporting Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Notable Examples of Data Breaches at Debt Collection Agencies

American Medical Collection Agency (AMCA) (2019)

In 2019, the third-party debt collection agency American Medical Collection Agency filed for bankruptcy in the aftermath of a data breach that affected at least 20 million U.S. citizens. Sensitive data such as social security numbers and credit card information were compromised in the breach. In 2021, the company reached a settlement with multiple states.

Professional Finance Company (PFC) (2022)

In 2022, Professional Finance Company (PFC), a Colorado-based collection agency, informed more than 650 of its healthcare provider clients that their data may have been compromised in a massive breach, which affected about 1.9 million patients. The information that was compromised included patient names, addresses, social security numbers, and health insurance data.

NCB Management Services (2023)

Earlier in 2023, the collection agency and debt buyer NCB Management Services said it was the target of a data breach exposing the sensitive information of nearly 1.1 million individuals. The company claimed that the attackers no longer had any of the information on their systems, possibly after an alleged ransom payment had been made.

What Are the Best Practices for Data Security?

Standards and Certifications

Following the relevant standards and seeking the relevant certifications for your business is a key starting point to ensure rigorous data security. One is the Payment Card Industry Data Security Standard (PCI DSS), the main information security standard used by the major card brands. ISO 27002 is an international standard that provides best practices on information security controls; ISO 27001 is a framework for implementing information security management systems (ISMS) to protect sensitive information. Additionally, SOC certifications provide assurance over a service organization’s controls, ensuring security, compliance, risk management, and transparency for stakeholders.

Encryption

Encryption is crucial for both data storage and transmission. It protects the data from unauthorized use and can be implemented on data whether it’s in transit or at rest.

Access Controls

Limiting access to data within the company is a way to protect it from malicious parties. Depending on their roles and responsibilities, employees should have role-based access to sensitive data and documents.

Security Audits and Assessments

Security audits and assessments should be routinely conducted to ensure that the protection measures are up-to-date and effective. Keep in mind that third-party auditors are generally better than self-assessments, even though they are more costly. Audits can help you identify vulnerabilities and enable you to act fast and address them.

Employee Training

Security awareness training platforms such as Vanta and MetaCompliance offer easily digestible online training sessions to sensitize your employees to the importance of data security. These platforms can train employees to recognize phishing attempts, use diverse and strong passwords, etc.

Vendor Management

As a collection agency, you’re likely using third-party vendors for several processes. Whenever you select and onboard a new vendor, always inquire into their data security practices, as they’ll likely have access to your consumers’ data.

Monitoring and Logging

By consistently tracking and recording all system activities and access, debt collection agencies can detect and respond to any suspicious or unauthorized activities. This proactive approach enables agencies to safeguard sensitive data and ensures compliance with regulations.

Incident Response Plan

What’s your collection agency’s incident response plan? What steps will you follow in case there is a data breach? You’ll need to notify the affected parties, work with regulatory bodies, and more.

When It Comes to Data Protection, Technology Is Your Friend

There are several tools you can use to safeguard your collection agency’s data. Here we are listing the most important ones.

Intrusion Detection Systems (IDS): These systems monitor network traffic and can identify malicious activities or unauthorized access to your data. Whenever the system detects a threat, it sends an alert or takes action to stop it.

Firewalls: These are barriers between your internal networks and external ones, monitoring traffic between the two. They’re a good first line fo defense against cyber-attacks.

Data Loss Prevention (DLP): These solutions can detect unauthorized sharing of sensitive data by monitoring your data whether it’s at rest, in motion, or in use.

Multi-factor Authentication: One of the most “annoying” measures, MFA requires your employees to take multiple steps to log into your systems rather than only relying on a password.

API Security: Given that every cloud-based system is heavily dependent on API-based integrations, API security is another topic you will want to dive deeper into when securing sensitive data.

Conclusion: How Skit.ai Protects Consumer Data

At Skit.ai, we are deeply committed to protecting our clients’ sensitive data and ensuring the privacy of their consumers. From encryption for data at rest and in transit to the ISO 27001: 2013 certification, from strict access management to physical security controls, we’ve implemented multiple measures to ensure maximum data protection.

If you would like to learn more about it, reach out to one of our experts using the chat tool below!

Skit.ai’s Augmented Voice Intelligence Platform Takes a Giant Leap with Generative AI

Skit.ai’s Augmented Voice AI Platform is now powered by Generative AI. With the incorporation of Generative AI, we are taking a giant step forward and boosting the capabilities of our Conversational Voice AI solution. The interactions with consumers are about to become more natural-sounding and complex, leading to an improvement in customer experience (CX) and better results for collection agencies using Voice AI.

At Skit.ai, we embrace the future and go beyond industry standards and expectations.

How Generative AI Impacts the Capabilities of Skit.ai’s Augmented Voice Intelligence Platform

With the ongoing application of large language models (LLMs), we are seeing a big jump in the conversational capabilities of our solution:

Higher Conversational Accuracy: LLMs are capable of understanding consumer interactions through an improved understanding of context, sentence parsing, and response accuracy, leading to significantly higher conversational accuracy.

Better Handling of Complex Conversations: Generative AI enables our voicebots to better handle more complex interactions that were earlier escalated to human agents. This improvement can reduce the percentage of call transfers from the Voice AI solution to the company’s human agents.

Out-of-scope Calls: The LLM’s ability to grasp a wide range of questions and topics enables our voicebots to better handle out-of-scope utterances and calls.

Natural Utterances: The Voice AI solution is able to express a wide variety of natural-sounding utterances that improve the quality of the interaction.

Faster Voicebot Creation: Incorporating Generative AI give a big boost to the speed at which new voicebots can be created as the inherent complexity and effort involved in the design, and creation is a fraction of earlier effort.

Massive Performance Gains with Generative AI Springboard

In addition to the massive gains we are seeing thanks to LLMs, we intend to take this exercise even further and enable our voicebots to outperform human agents and collectors.

Going Beyond Human Agent Performance

An agent’s performance rests on two things: the ability to communicate and technical skills. At Skit.ai, we’ve seen that, with current LLMs, we can achieve superlative communication skills, and by training extensively with end-user data, we can achieve a high degree of technical skills. Hence our solution can excel on both fronts.

To share a rough estimate: the best-performing agent finds success on 5% of the calls (out of all connected calls), while low performers convert about 2% of the calls.

With Generative AI, we take a big jump. From the current voicebot conversion capability of around 1-2%, we expect the performance to jump 3-4 folds. Beyond this, our Reinforcement Learning platform learns from outcomes to personalize the conversation to figure out the ideal strategies, learning from thousands of daily conversations.

Better and More Natural Spoken Conversations

Generative AI, with its unparalleled conversational capabilities, needs to be complemented with equally capable speech synthesis and understanding systems that produce the right speech given the output from LLMs. And that is one of the major areas from the many below:

  • A more natural-sounding TTS (text-to-speech) voice
  • Conversational context handling prosody of generated audio
  • Full duplex and backchannels in speech conversations

Ultimately, we will be able to deliver the most engaging conversations that delight consumers by solving their problems faster and better than human agents.

The Business Outcomes of Incorporating Generative AI

Below are five major impact areas we will move the needle on:

Higher Collection Rate, ~5%: This is a difficult number to quantify, but as the incorporation of Generative AI matures, we expect its collection capability to move beyond 5%, surpassing even the best of human agents.

Lower Agent Dependency, reduction by 50-80%: As the voicebot will be able to handle more complex queries, we expect a 50-80% reduction in agent touch points.

Higher Resolution Rate, ~100%: Better accuracy and conversations with higher engagement will help us achieve a conversational resolution rate close to 100%.

Creating New Voicebots: The effort to create new voicebots will see a significant dip, as the complexity will be remarkably lower.

Entering New Markets with Ease, 15X faster: Entering new markets and training for new use cases and applications will require less effort and resources. We are estimating the process to be 15X faster.

What’s Next

Though the improvements in our Augmented Voice Intelligent Platform are visible and clear, we will further our efforts to achieve greater performance gains and stay ahead of the curve.

To learn more about how Voice AI can help support your collection efforts through call automation, schedule a call with one of our experts using the chat tool below.

An Unbiased Look into the Positive Side of Voice AI

Artificial intelligence is experiencing exponential innovation. Generative AI, ChatGPT, DALL-E, Stable Diffusion, and other AI models have captured popular attention, but they have also raised serious questions about the issue of ethics in machine learning (ML).

AI can make several micro-decisions that impact such real-world macro-decisions as authorization for a bank loan or be accepted as a potential rental applicant. Because the consequences of AI can be far-reaching, its implementers must ensure that it works responsibly. While algorithmic models do not think like humans, humans can easily and even unintentionally introduce preferences (biases) into AI during development and updates.

Ethics and Bias in Voice AI

Voice AI shares the same core ethical concerns as AI in general, but because voice closely mimics human speech and experience, there is a higher potential for manipulation and misrepresentation. Also, people tend to trust things with a voice, including friendly interfaces like Alexa and Siri. 

Call automation for call centers and businesses is not a new concept. Unlike computerized auto dealers (pre-recorded voice messages) like Robocall, Skit.ai’s Voice AI solution is capable of intelligent conversations with a real consumer in real-time. In other words, Voice AIs are your company representatives. And just like your human representatives, you want to ensure your AI is trained in and acts in line with company values and displays a professional code of conduct. 

Human agents and AI systems at any given point should not treat consumers differently for reasons unrelated to their service. But depending on the dataset, the system might not provide a consistent experience. For example, more males calling a call center might result in a gender classifier biased against female speakers. And what happens when biases, including those against regional speech and slang, sneak into voice AI interactions? 

In contrast to human agents, who might sometimes unintentionally display biases, Voice AI follows a predetermined, inclusive script while strictly adhering to guidelines that prioritize consumer satisfaction and compliance. This level of professionalism eliminates the potential for misbehavior and creates a positive consumer experience. 

Our team is always potentially looking out for any potential bias that accidentally seeps in, as ‘biases’ as constantly evolving. One thing can be acceptable today, but may bee seen as a bias tomorrow. At Skit.ai our skilled team of dedicated designers meticulously construct the dialogue patterns to guarantee balanced responses. Following these predefined scripts allows our Voice AI solution to offer consistent, unbiased interactions, thus establishing an inclusive user experience. This emphasis on conversation design aids us in overcoming potential biases that may surface in human interactions, thus securing a more balanced and impartial user experience.

Consumer Convenience and the Growing Preference for Voice AI

Consumers increasingly prefer interacting with Voice AI rather than human agents due to the convenience it offers. Voice AI allows users to communicate naturally through voice commands, eliminating the need to type or navigate complex menus. This convenience aligns with the preferences of many individuals who find it easier and more natural to speak rather than type. Furthermore, Voice AI is available 24/7, providing round-the-clock support without the need to wait for human agents. 

This instant access to information and assistance enhances consumer satisfaction and can lead to faster issue resolution. Additionally, voice interactions can be personalized and tailored to individual preferences, creating a more personalized and engaging consumer experience. The convenience and preference for voice-based interactions make Voice AI a valuable tool for meeting consumer expectations.

Building Ethical Voice AI 

Empathetic conversational design eliminates bias. At Skit.ai, we’re dedicated to developing leading-edge Voice AI technology. Our mission is to facilitate communication that is equitable and devoid of bias. Through conversational design, biases are eliminated, ensuring fair and inclusive interactions. A significant part of our strategy involves refining the conversational capabilities of our systems, striving for a natural, seamless exchange of speech that ensures equal treatment for all and eradicates discriminatory tendencies. As we navigate the future of work, Voice AI stands as a valuable tool, empowering enhanced communication, fostering seamless consumer conversations, and further elevating customer satisfaction.

To learn more about how Voice AI can help support your human resources and scale their collection efforts with call automation, schedule a call with one of our experts or use the chat tool below.

What Is User Experience Research (UXR) in Voice AI?

What Is User Experience Research (UXR)?

When building any product, solution, or interface, you want the end result to be as user-friendly as possible. To achieve this, companies typically conduct a thorough background research of the product’s prospective users. That’s where User Experience Research comes into play.

User Experience Research (UXR) is the study of target users, their behavior, and their needs; this multi-step process enhances the design process with a user-centric approach.

A Conversational Voice AI solution — i.e. a voicebot — is no different. Skit.ai relies on a team of CUX (Conversational User Experience) designers and UX researchers to build its Digital Voice Agents for new clients and use cases. In this article, I’ll walk you through the research process required to build a Digital Voice Agent.

How Does the CUX Process Work?

Building the Conversational User Experience for a Digital Voice Agent typically involves five main steps: planning, design, testing, deployment, and maintenance. In the table below, you can see the different steps and the sub-steps they involve:

Sourced from presentation; by Divya Verma Gogoi, Director, Skit.ai

How does the research process work? First of all, the CUX researcher meets with the client, the Solutions Product Manager, and the CUX designer. Together, they identify the company and brand’s values for a preliminary persona ideation of the voicebot. More on that later.

Secondary Research: Industry, Competitors, Use Cases

The researcher conducts in-depth research on the client’s industry, the use cases (or functions) that the Digital Voice Agent will need to address and help customers with, and the target audience the voice bot will cater to.

Additionally, the researcher conducts a competitor analysis to assess the existing landscape, the competitors’ offerings, and their target audiences. For example, the researcher might look into which FAQs are addressed by the competitors’ offerings. Through the competitive analysis, the researcher might identify windows of opportunity and help the client gain a competitive edge.

Primary Research: User and Customer Service Agent Interviews

At this stage of the process, the researcher conducts interviews with both internal and external stakeholders. Internal stakeholders are team members currently working for our company, while external users are usually customer service agents who operate in a specific industry or company; these often include the client’s live agents.

The researcher usually interviews the client’s top-performing agents to get insights into their approach and techniques. The agents are asked to solve some example scenarios, provide a process view of their call flow, and share any insights they have gathered from their experience.

Through this round of interviews, the researcher seeks to learn more about the client’s product or solution, the frequently asked questions (FAQs), and what makes a call successful. Any call data analyses that the client can provide are helpful, too.

At the end of this step, the researcher usually gathers all of the findings in a comprehensive, data-based analysis.

Voicebot Persona Research

Every company has its own voice, and therefore every company deserves a custom-made voicebot. The Digital Voice Agent can also be tailored to the company’s voice and brand, as it will inevitably become another expression of the brand itself.

The persona design is not always performed, but it’s often an essential part of the design process. It involves shaping the bot persona around the company’s values and brand identity, which are expressed through the way the voicebot communicates and interacts with the consumers.

User Research: User Flow, User Journey, and User Behavior

Another important aspect of the research process is the study of the users that will ultimately be interacting with the Digital Voice Agent. This step is essential for the CUX Designer to be able to create useful and meaningful conversation flows for the voice bot.

User flows are diagrams used by designers to understand the patterns users may take when interacting with the voicebot. User flows will change significantly depending on the use case and the customer’s needs. User flows are usually granular and detailed.

The user journey is a more macro view of the user experience during the interaction with the voicebot.

User behavior depends on the audience that the company commissioning the Voice AI solution is targeting. With thorough user research, the CUX researcher aims to understand the users’ behavior, needs, and the approach they typically prefer. Studying user behavior helps researchers and writers make the solution more user-friendly.

The team creates user personas and dialogued interactions in order to see how each user is likely to interact with the Digital Voice Agent. For example, one user persona could be Jane, a 33-year-old entrepreneur and micro-influencer who lives in Green Point, Brooklyn. Three years ago, Jane took a loan to launch he
custom embroidery t-shirt brand. Today, Jane receives a call from the Digital Voice Agent on behalf of a collections agency about her overdue loan. The designer will draft a sample conversation between Jane and the voicebot.

User Experience Research is just the beginning of the process. These research insights are then converted to meaningful design actionables. Design and testing follow, with deployment completing the process.

Are you curious to learn more about Voice AI and its applications across various industries and use cases? Check out our blog!

Understanding the Significance of ‘Platform’ in a Voice AI Solution 

We are at the initial stages of Voice AI’s evolution, in an epoch where well-functioning vertical Voice AI solutions will be instrumental in helping companies transform customer support and gain customer loyalty. But to a significant faction of CXOs, the understanding of Voice AI technology, its capabilities, and nuances remain obscure. Our earlier articles have tried to elucidate voice technology and how it can prove instrumental in transforming contact centers. In this article, we further that conversation and move on from discussing the Voice AI ‘product’ to the ‘platform’ and why companies looking to automate their contact centers must consider platform capabilities as a factor that will impact their long-term success.

The platform question holds greater gravitas when the top priorities are ROI, time-to-live, control over performance, and market leadership. In this blog, we deep dive into the core questions: what does a Voice AI platform look like, why does having a capable platform matter, and what are its far-reaching implications?

A Deep Dive: Unique Advantages of a Voice-first Voice AI Vendor 

Why Having a State-of-the-art Platform Matters

Today, voice technology has advanced sufficiently to deliver intelligent voice conversations. The wait is finally over, and companies can transform their CX with voice-first Augmented Voice Intelligence platforms.

Voice AI is the most significant automation trend of 2022.

Here are a few core considerations that CXOs must deliberate over while evaluating a Voice AI solution:

  • Intent Accuracy
  • Speed or Latency
  • Time-to-Live
  • First Call Resolution Rates
  • Integration Capabilities
  • Data Security, Privacy, and Storage

Know more about KPIs while deciding on a vendor

Even coming to the correct conclusion about a Voice AI vendor capabilities is not easy. But let’s assume the product is good, but before signing up, look into the vendor’s platform capability. It is the next big and most important task because, in the long run, the performance will depend mainly on the platform’s capabilities.

Explore More: The Ultimate Voice AI Vendor Selection Guide

Before we go deep into the topic, let us, distinguish a product from a platform. 

  • A product is essentially an application that solves a specific use case.
  • The Platform is the underlying structure that provides the core building blocks and the infrastructure for the functioning of one or many products.

In other words, a platform is an enabling environment over which many products run. The architecture of a chat-first voice-capable platform will be very different from that of a voice-first platform because the latter is built and optimized for voice, giving it a distinct performance edge. Here is a glimpse of a purpose-built Augmented Voice Intelligence Platform:

The Platform View of a Vertical Voice AI Company

From the above diagram one thing comes out clearly: that for smooth functioning of a Voice AI solution, its various constituent parts must work in perfect synchronicity. Hence, beyond the product, i.e., the voicebot, various other platform features are needed for an ideal Voice AI solution.

Let’s deep dive to answer the questions: why should companies look for platform capabilities in their potential Voice AI vendor?

At the core of this issue is the increasing realization that voice as a medium of customer support will see an irreversible rise in the coming years, led by Voice AI technology. In the long run, any company that wants a firm hold on its market share or leadership must look into the Platform capability of its Voice AI vendor to enhance the probability of sustainable success and competitive advantage. Here are the five core advantages of a robust Voice AI platform:

  1. Long-Term Success: The performance, strength, and sophistication of the Platform, not the product, determines the success of the company in the long run. Choosing the right Platform will help contact centers mitigate the risk of changing the vendor and starting from scratch mid-course.
  2. Replicating Platform Technology is Challenging: Platforms can not be built  overnight. Creating a state-of-the-art platform technology takes vision, resources, capability, and time. Over time the benefits multiply due to network effect and learning curve advantages associated with AI models. This initial advantage creates a remarkable difference as years add on.
  3. Leveraging Modularity: A robust platform always aces modularity as it provides diverse and latest technology options for contact centers to create their solution the way they want. It allows for ease and diversity of integrations. This gives the company flexibility in cherrypicking integrations.
  4. Multiplier Effect: In the extended run, contact centers, Voice AI providers, and other application providers benefit from a robust platform as it harnesses the multiplier effect by leveraging the presence of dozens, hundreds, or even thousands of third-party vendors. So, any company using the platform to deploy a voicebot will have not only a multitude of choices, but they will also benefit from the innovation they bring in, as it can be easily incorporated into their voicebot. 
  5. Faster and Agile: A strong Voice AI platform will make it easy for companies to create and upgrade their voicebots. Reduction in time-to-go-live and ease of creating, maintaining, and enhancing the voicebot makes it easy to change and maximize its effectiveness. 

Here are some of the capabilities of an evolving Voice AI platform:

  • A Unified View: It should give a unified view of the entire voicebot, from stats on conversational design to integration to ASR.
  • Voicebot Creation: It must allow companies to create conversational flows and test and deploy them with minimal help from the Voice AI vendor.
  • Collaboration: It must allow the users to collaborate and comment at any point of voicebot creation.
  • Enhancements and Testing: Changes in policy, customer preferences, or offers must reflect changes in conversational design. The users must be able to easily do these upgrades and modifications and test them before deployment.
  • Campaign Management:  The effectiveness of the voicebot depends on the capability of the user to run campaigns with complete control. It must allow them to upload data, run campaigns, and modify them real-time. 
  • A Wide Range of Tools and Integrations: Creating a voicebot with autonomy requires giving a choice of a wide range of tools. A robust platform would provide that to its users along with a great variety of integrations.

A Voice AI vendor can have a great product and a short time to market. But if it is missing a great platform, then, in the long run, its clients will lose their competitive advantages. A CXO can indirectly identify the signs of a weak platform. Here are a few major red flags of a weak platform:

  1. Opaque: The creation of the voicebot will be opaque to the contact center.
  2. No Clear Visibility:  The elementary constitution of the voicebot and its functioning will have no visibility.
  3. Lack of Agility: For every minor tweak, the user must catch hold of the engineering team to code and execute the change. This is a waste of time, resources, and money.
  4. Operational Friction: Constant and copious communication between the user and the Voice AI vendor will decelerate the pace of implementation of changes. 
  5. Slower and Patchy Delivery/Updates: Delays in deployment, updates, and upgrades
  6. Absence of a Marketplace Advantage: A robust platform grows rapidly, and with its growth comes the network effect, i.e. the presence of third-party solutions that can augment performance in many dimensions.
  7. Lack of Control on Quality: Giving absolute control over the creation and deployment of the voicebot helps the users engage more deeply with their voicebot and mold it with their vision. The outcomes are much better and are sustained for a longer period.

Some great ways to identify these telltale signs is to engage in a free-of-cost pilot or to ask relevant questions during detailed demos.

The essential thing is, a Voice AI vendor must possess a great product that can converse intelligently with consumers or callers. Additionally, this product must be facilitated by a robust underlying platform that enhances its capabilities, adding to the overall experience of creating, deploying, and improving the voicebot.

To learn more about Voice AI solution and what it can do for a contact center, book a consultation now: www.skit.wpenginepowered.com 

Move Beyond IVRs: Transform CX with Digital Voice Agents!

For contact centers, Interactive Voice Response (IVR) systems were a turning point a few decades ago, but now have become a customer experience turn-off. IVR systems have helped companies manage call volumes as well as create value with self-service options, information gathering, and call routing.  But a recent study found that, on average, IVRs cost businesses $256 per customer each year! Additionally, a whopping 61% of these customers are unhappy with IVR systems and believe they contribute to a poor customer experience.

“About 83% of the customers abandon the call and company after their IVRs encounters.”- Vonage report.

Why IVR Systems a Customer Service Turn off 

Historically, IVRs have failed to delight callers due to the poorly designed phone menu and the inability to dispense an answer or connect an agent on the go. Companies and businesses receive a lot of flak due to the general notion of associating IVRs as cost-effective replacements for contact center agents. It is paradoxical that customers warmly accept other forms of automated, self-service options for an instant response like ATMs and a variety of mobile applications but not IVRs!

The reasons for it are pretty simple. Since their introduction into the contact center market, IVR systems have undergone few iterations, and their main features haven’t changed much. The hold time, lengthy pre-recorded menus, and the need to repeat query information, especially during an emergency, continue to be a liability for businesses.  More importantly, customers have a strong affinity for resolving queries with a human representative than with restrictive, pre-recorded systems that only leave them with unsavory emotions towards the brand.

Nearly 47% of callers reportedly experience frustrations with IVRs. A significant number of them admitted feeling angered and stressed, according to the Vonage report.  

The same report also revealed that instead of IVRs, if the customers were able to get a hold of a live agent, they experienced relief (27%), less frustration (26%), and less anger (24%).  However, call center agents often end up at the receiving end of customer frustrations from navigating a labyrinth of IVR menus. Therefore the onus is on brands to elevate customer experiences without negatively impacting agents’ morale and productivity.

In this article, we share our insights on overcoming common contact center and customer experience challenges associated with traditional IVRs by diving into the capabilities of Voice AI. We will explore how brands can elevate their customer support with intelligent voice automation of nearly 70% of calls and human-like conversations.

Explore Now: AI-powered Digital Voice Agents vs Outbound IVRs 

Understanding Digital Voice Agents: DVA vs. IVRs 

Imagine a scenario—a customer calls a banking company’s contact center to block their stolen debit card. In lieu of pre-recorded messages and caller authentication protocols, the call is handled by a voice agent that is capable of contextually comprehending the caller’s urgency and making appropriate suggestions. The overall call experience is different! Why?

  • Zero waiting time
  • The instant response instead of punching numbers, a refreshing change from the lengthy IVRs menu options, annoying IVR theme music, and even from the exasperating experience of going down the rabbit hole of the menu by accidentally pressing a wrong button. 
  • For simple queries, no need for human agents

That’s our Digital Voice Agent (DVA) at work. Skit.ai’s DVA, for instance, is an AI-enabled virtual agent built from the ground up to understand human conversations. It can be plugged into contact centers to resolve tier 1 customer problems and automate cognitively routine work.

Digital Voice Agents vs. IVRs

  1. Built for Voice: Unlike conventional IVRs and chatbots that are capable of understanding only transcriptions, Digital Voice Agents are crafted specifically for voice conversations. Whenever a customer calls the contact center, they can interact with the voice agents in the same way as they converse with human agents.  
  2. Built for Personalization: With DVAs, there wouldn’t be any psychological barriers that callers experience when they are forced to interact with IVRs or chatbots. Besides, an intelligent voice agent that can sound like a human, picks up on the immediacy of the issue, giving callers a sense of relief and comfort in their critical moments, adding a more personal touch to customer service. Besides, they can even interact in the caller’s preferred choice of language.
  3. Built for Accuracy: Another issue when dealing with IVRs is that they work well only when there are no external disturbances like background noise or music. They can sometimes not recognize text inputs and end up redirecting the caller to the undesired part of the IVR menu. But DVAs can take in both voice and text inputs, and even filter out the ambient noise to capture the accurate voice response by the customer. 
  4. Built for Capturing Intent: Voice agents are based on powerful spoken language understanding (SLU) algorithms and can identify the semantics of the conversation. They can accurately capture the caller’s sentiment, tone of voice, and speed of the conversation to identify intent. 
  5. Built for Resolution: In emergency situations that require a quick response from customer support, a call hold would reflect poorly on the company’s services. It can even make them lose customers to their competitors. Most IVRs cannot pick up on non-linguistic cues like pauses, gasps, and utterances in between sentences. It is purely designed for text inputs. DVAs are capable of having contextually accurate interactions without relying on a limited stack of keywords, enabling quick query resolution. 
  6. Built for Intelligent Human and Machine Collaboration: IVRs are automated and function independent of human agents. DVAs are capable of end-to-end automation of simplistic calls and pass on complex ones to human agents, involving them only in complex use cases.

 A Deep Dive: AI-powered Digital Voice Agents vs IVRs

Now, let’s look into 7 specific angles where Skit.ai’s purpose-built, industry-specific voice-first technology, Voice AI, makes a tremendous difference to contact centers.  Skit.ai’s voice agents are a better fit than traditional IVRs in enhancing the quality of customer service.

  1. Speed and  Simplicity: Simple and easy-to-understand customer support is a formula for delighting a captive audience. There’s a good chance that the majority of callers may not get past the common obstacles in IVR menus, complex navigation, and confusing terminologies. IVRs can best offer five top-level and three sub-level menu options whereas DVAs immediately attend to calls, keeping it short and simple. 
  2. Quick Resolution with Cost Efficiency:  Apart from resolving customers’ problems, customer service organizations look at cost and call time spent as success metrics. Instead of wasting time, waiting for the right menu option on IVRs, customers’ queries with DVAs are addressed instantly and at a fraction of the cost while also engaging with the callers over voice conversations at scale. 
  3. For Intelligent Customer Service: Today’s customer service is expected to be built intuitively to absolve current issues and anticipate the next course of action. DVAs help make the most of the voice conversations with customers by mimicking human-like conversations and leveraging customer data to make appropriate recommendations, suggest steps or make intelligent call transfers to human agents.
  1. Quick Agent Reach during Emergency: Even the most loyal customers lose patience and abandon calls midway when forced to repeatedly go over the IVR system. For critical use cases that require timely resolution, DVAs work best. They not only hold an immediate voice interaction with the callers but also identify short, conversational utterances, pick up on callers’ intent, and capture customer details for quick call transfers to human agents. 
  1. Making Query Resolution Interactive: Speaking to a live agent immediately is not the magic bullet for customer support success. Augmenting IVR systems or replacing them with Voice AI-driven automation for call back features at customers’ preferred time helps personalize and enhance the call experience making the conversations more empathetic. The rapid scalability and robust integrations of the DVAs help include options to reach customers with interactive emails and voicemails along with call-back options. 
  1. Easy Integration with Customer Experience Systems: Customer service calls can be more proactive and intuitive when integrated with customer relationship management (CRM) platforms and automated call distribution (ACD)  systems. Voice agents have access to caller history, previous purchases, and other customer data based on the caller ID number. It provides enough pre-context to authenticate calls before call handovers to human representatives.

Read in Detail About–Digital Voice Agents: What, Why, and How 

  1. Timely, Useful Insights for Enhanced CX:  DVAs help brands adopt advanced analytics-driven approaches to unlock a treasure trove of insights on call performance as well as define relevant KPIs and areas for improvements in the customer’s journey for cost savings and better CX. IVRs need optimizations to deliver this capability. While DVAs work as productivity enhancers with timely insights that help add incremental value to the brand or business’ customer experience. 

Despite several detractors that customers unanimously agree on, IVR systems remain a staple in customer support. The worldwide growth rate of the IVR market is expected to reach $6.7 billion by 2026.  This growth trajectory can be a blessing to CTOs who chose IVRs for long-term customer service investments, but certainly a nightmare for CMOs against the backdrop of increasing customer calls. Technological innovation and AI-driven upgrades are needed to drive the progression of IVR systems. Until then, Voice AI helps empower businesses to elevate inbound and outbound initiatives for better CX in ways that IVR systems fail to live up to. 

Are you interested in contact center automation with our Digital Voice Agent to elevate customer experience?  Book a demo with one of our experts: www.skit.wpenginepowered.com