Natural language generation (NLG), the process of generating text or narratives based on a set of data values, can reach a broader audience. NLG narratives can be used for a variety of purposes, but in this perspective I focus on how NLG can be used to enhance business intelligence (BI) processes. In the case of BI, NLG can be used to explain what has happened and why it is happening, and even what actions to take. The NLG narratives can be understood by a broader range of business users than...
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Topics:
Machine Learning,
Natural Language,
Analytics,
Business Intelligence
Our benchmark research over the last couple of years confirms what we all instinctively know: Consumers engage with each other and organizations using an increasing number of engagement channels. Indeed, our latest research into the next-generation contact center in the cloud shows the average number of channels organizations now support has grown to almost eight. The same research confirms that organizations now realize the way to compete is to match or exceed customer expectations regarding...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Feedback Management,
Customer Service,
Contact Center,
Omnichannel,
Robotic Process Automation,
Customer Journey Maps,
Workforce Optimization
Earlier this year Zuora acquired revenue recognition software vendor Leeyo. Zuora, which initially focused on taming the complexities of subscription billing, has been broadening its software offerings to handle a wider set of the operational and financial requirements of a subscription business. Leeyo held a Revenue Recognition Summit in 2016 and the event was recently repeated. The need for the Summit reflects the impact new standards for accounting for contracts will have on subscription...
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Many organizations continue to struggle with preparing data for use in operational and analytical processes. We see these issues reported in our Data and Analytics in the Cloud benchmark research, where 55 percent of organizations identify data preparation as the most time-consuming task in their analytical processes. Similarly, in our Next-Generation Predictive Analytics research, 62 percent of companies report that they’re unsatisfied because data needed for access or integration is not...
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Topics:
Analytics,
Collaboration,
Data Preparation,
Datawatch
Not many years ago, building and running a contact center was a complex task. Organizations typically had to license all the systems they required (most of them proprietary and on-premises), customize them to meet their requirements and integrate them into a workable architecture. But beyond all the systems issues, the key to running the center was forecasting the right number of skilled agents that would be needed to handle expected interaction patterns and then routing calls to the most...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Feedback Management,
Customer Service,
Contact Center,
Omnichannel,
Robotic Process Automation,
Customer Journey Maps,
Billing and Recurring Revenue,
Workforce Optimization,
Digital transformation
Customer engagement is undergoing its biggest transformation in decades. Consumers now use a significantly greater number and variety of channels to engage with organizations – everything from phone, email and the corporate website to social media, text messaging, chat, mobile apps and video. This is forcing organizations to change in order not to miss out on business opportunities.
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Feedback Management,
Customer Service,
Contact Center,
Omnichannel,
Robotic Process Automation,
Customer Journey Maps,
Billing and Recurring Revenue,
Workforce Optimization
I have been involved in the call center market for around 30 years, first as a consultant building call centers for organizations and later as an analyst covering developments in organizations’ customer engagement best practices and vendor product developments. Looking back over the first 20, maybe even 25 years, it has been a slowly developing market. Early call centers essentially included an on-premises ACD or PBX, call routing software, computer telephony integration (CTI) software that...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Service,
Contact Center
Customer engagement is nothing new – organizations have been engaging with customers in one way or another ever since business began. Over the years, however, the nature of this engagement has changed dramatically, from largely face-to-face encounters and the written word to telephone, email, fax and text messaging and now to text-based applications, social media, mobile apps and video. These changes prompted organizations to create call centers to centralize the handling of phone calls, then...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Service,
Contact Center,
Workforce Optimization,
Knowledge Management
Today many conversations about contact centers and CRM focus on customer engagement and the customer experience. Customer engagement should be relatively straightforward, addressing how organizations interact with customers through different channels of engagement. However, when it comes to customer experience, I believe many miss the point. The key word is experience, which means it is ultimately about perceptions and emotions. Companies must consider how customers feel prior to, during and...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Cloud Computing,
Customer Service,
Contact Center,
Billing and Recurring Revenue,
Workforce Optimization
Longview recently completed the acquisition of Tidemark Systems, a planning software vendor. Longview Plan powered by Tidemark is a suite of cloud-based applications that enable corporations to plan, assess performance and communicate results more effectively. The software facilitates what Ventana Research calls “continuous planning.” This is a highly collaborative, action-oriented approach to planning that relies on frequent, short cycles to rapidly create and update integrated company-wide...
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Topics:
Mobile,
Office of Finance,
Recurring Revenue,
Continuous Planning,
Analytics,
Business Intelligence,
Financial Performance Management,
Price and Revenue Management,
ERP and Continuous Accounting,
Sales Planning and Analytics