Speech and Interaction Analytics

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Disprove allegations within Insurance

With £1.9 billion paid in compensations during the 2nd half of 2016, and pension annuities about to become the new PPI, artificial intelligence and analytics may be one of the best investments an insurance company can make. Business Systems' Will Davenport explains why. Why is the issue of annuities such a major concern for Insurance companies? On May 26th 2017 the FCA published a policy statement on information prompts in the annuity market to address the continuing concerns around the mis-selling...

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Speech Analytics for Agent Coaching

Alex Coxon discovers on behalf of the Professional Planning Forum how speech analytics has the potential to change how contact centres manage agent performance. Speech analytics is finally coming of age, as the hype is superseded by pioneering applications. The message is clear: speech analytics gives organisations the ability to automatically interrogate thousands of call recordings, which otherwise get overlooked. It can uncover problems such as excessive hand-offs from one department to another, while also highlighting potential flash-points such as...

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What does Speech Analytics do?

What is Speech Analytics? Speech Analytics is the process of analysing recorded audio from phone calls to help you spot trends and patterns within customer interactions. This function can also be extended across other customer contact channels including social media, email, text and web chat. Speech analytics can be used as a plug in or add on technology in addition to a call recording system, helping you make the most out of deciphering customer interactions and unlocking valuable business insight....

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The business sense of Speech Analytics for Debt Collection

The business sense of Speech Analytics for Debt Collection Effective debt collection is a strenuous balancing act having to meet several, often competing, goals at once: hitting revenue targets, ensuring promises are kept and controlling delinquency roll rates, while preserving the relationship of the debtor with the creditor, and all that tailored for different products and clients. Also, let’s not forget the productivity KPIs that run in parallel, for example average calls handled per agent or average call duration. If...

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The best ways to utilise Speech Analytics in the contact centre

Speech Analytics (term used to also cover Interaction* and Real-Time** Analytics for the purposes of this article) in the contact centre is by no means a new concept. Analytics is call centre software that organisations have been implementing and considering for a while now. However, many organisations may struggle to embed this technology into their culture and workflow processes. So why has the uptake been so slow? Here is another interesting statistic - according to Smart Customer Service, 43% of...

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Getting the most out of Speech Analytics

We answer some questions posed by potential end-users of speech analytics technology as identified and highlighted in the Contact Babel 2014 Inner Guide to Customer Contact Analytics. Our customer base has many dialects and accents, as well as different languages. How does Speech Analytics handle this, and does word and phrase recognition improve over time? Accents are catered for via the use of language packs, these provide a pronunciation model which helps with accents and dialects through rules which identify the...

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