You are currently browsing the monthly archive for July 2011.
July 29, 2011 in Cloud Computing, Customer & Contact Center, Operational Performance | Tags: 360-degree view of the Customer, Agent Performance Management, Call Center, CallCopy, Cloud Computing, Contact Center, Contact Center Analytics, CRM, Customer Analytics, Customer Data Management, Customer Experience Management, Customer Feedback Management, Customer Service, Desktop Analytics, Predictive Analytics, Social CRM, Speech Analytics, Text Analytics, Unified Communications, Voice of the Customer, Workforce Management | by Richard Snow | Leave a comment
About a year ago I wrote that CallCopy had emerged as a major vendor of agent performance management (APM) software. Ventana Research has updated its definition of APM to mean the people, processes, information and systems involved in effectively managing the entire workforce that handles customer interactions, and this includes interaction recording, quality monitoring, workforce management, training, coaching, incentive management , agent-related analytics and performance management. Our revised definition recognizes that companies now have to manage more channels of communication and that more people, including home workers, are engaged in handling interactions.
CallCopy has grown out of the call-recording space and created a suite of products that support APM and a few other capabilities. The suite includes call recording, quality monitoring, coaching and training, reporting and a set of APIs to enable integration with other applications. Outside the core is a series of products supporting workforce management (WFM), customer feedback management, screen capture, speech and desktop analytics, and performance management. While CallCopy has made upgrades across the whole suite, these non-core products have received the most development. For example, the core suite and WFM now can support thousands of agents and have an improved user interface, enhanced security and integration support for more technology partners. An important new addition supports home, or other remote, agents by using a real-time video feed that allows supervisors to see what is happening on remote desktops and thus monitor agent performance for off-site agents.
The speech analytics product also is easier to use and has enhanced reporting capabilities. Desktop analytics, launched early this year, can extract data entered by an agent and tag the relevant recordings with the information, thus allowing users to see the correlation between what is said on the call and the data was entered into any system. Users can also create “rules” that help companies enforce regulatory requirements; for example, a caller’s identity must be verified before the agent is allowed to update the customer’s record. The tool can also detect confidential information being entered and pause call recording to prevent it from being stored in the recording.
My research into the state of contact center technology shows that many companies use stand-alone products for call recording and quality monitoring. But more mature companies are now considering integrated product suites such as CallCopy’s that integrate all the components of APM. Such systems can reduce effort by enabling passage of data between applications and thus provide a more holistic approach to managing the total workforce who handle customer interactions. Is your company investigating similar solutions? If so, please tell us and come and collaborate with us on…
Richard Snow – VP & Research Director
July 28, 2011 in Cloud Computing, Customer & Contact Center, Operational Performance, Social Media | Tags: 360-degree view of the Customer, Call Cente, Cloud Computing, Contact Center, Contact Center Analytics, Customer Analytics, Customer Experience Management, Customer Feedback Management, Desktop Analytics, Predictive Analytics, rCustomer Service, Speech Analytics, Text Analytics, Verint, Voice of the Customer, Vovici | by Richard Snow | Leave a comment
Verint recently announced that it has acquired Vovici,a vendor of enterprise feedback management systems. In light of the fact that Verint was recently rated the top vendor in the Ventana Research Value Index for Customer Feedback Management, at first it seemed odd that the company would buy another that offers a very similar product. In this situation the business driver often is to gain market share, with the net effect being that customers are left with fewer choices. Looking deeper reveals that is not so in this case; comparing the two product sets and target markets you can see benefits for current and future customers. Verint has positioned itself in the customer feedback market and has mainly focused on collecting customer feedback through IVR surveys. In contrast, Vovici has been in the enterprise feedback market and has capabilities for collecting feedback through channels other than IVR, and it also collects employee feedback as well as customer feedback. Thus the combination of the two product sets now enables Verint to offer survey collection and analysis across all channels, both for customers and employees. The Vovici product set also has capabilities to create and run social media-based groups, which provide another avenue for communicating with customers.
Before the purchase, Verint’s target market was the contact center and customer service, while Vovici targeted business users across the enterprise. With the combined capabilities, Verint can now approach enterprise customers with a product set that can support multiple lines of business. As well the two companies covered slightly different territories, so Verint now can offer products and support on a global basis. Vovici also had more experience with hosting systems through cloud computing, so this will help Verint expand in this area.
All this aside, observers who follow Verint will see this acquisition as part of a bigger strategy. The company aims to become a major provider of “voice of the customer” (VOC) analytics. VOC is another term for describing the long-sought 360–degree view of the customer that combines all the information a company has about its customers, especially all forms of communications. Customer feedback is a key part of this comprehensive view, and the Vovici capabilities will add more information to the Verint VOC.
Ventana Research’s benchmark research into customer analytics shows that in these tough economic times, companies are striving to gain a better view of their customers so they can retain their business and sell more to them. This acquisition, as well as providing wider surveying capabilities, will provide for Verint an enhanced customer view. So it will be interesting to track how well the integration of the two companies and products sets proceeds over the coming months. If you want to keep track, please come and collaborate with us on…
Richard Snow – VP & Research Director