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Published byChristopher Houston Modified over 9 years ago
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Turning Audio Search and Speech Analytics into Business Intelligence
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Insight from Interactions TM 2 Business Intelligence is Hidden in Customer Interactions Business Analyst Customer churn Campaign effectiveness Competitive info. Process issues Service quality Agent productivity Enterprise challenges: Understand market and customer dynamics Improve business processes Enhance sales effectiveness Increase contact center productivity ? Enterprise ? ?
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Insight from Interactions TM 3 Adaptive Interaction Analytics: Business Impact Examples Increased revenue by identifying missed opportunities by 10% ($2M annually ) Reduced direct-mailing inquires call volume by 30% $200 increase in sales-per-hour per associate Reduced total call volume by identifying calls associated with new health plan groups by 5%
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Insight from Interactions TM 4 The Technologies of Speech Analytics Key Word Spotting Phonetic Indexing Transcription (Speech to Text) Emotion Detection Talk Pattern
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Insight from Interactions TM 5 Comparing the Different Technologies Technology Processing Speed (analyzed recording hours per server) Search Speed (records in one second) AccuracyStorage Word SpottingHigh (360 hours per server) Very High (> 1M) High (80-90%)Very Small Phonetics Recognition Very High (~1700 hours per server) Medium (60- 500 calls in a second) Medium- High (70-90%) Large (1-4 times the audio storage) TranscriptionVery Low (30-100 hours per server) Very high (> 0.5M) Medium (40- 50% without fine tuning) Small
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Insight from Interactions TM 6 Going Beyond Technology Solutions – Introducing Adaptive Interaction Analytics An automated, iterative, self-learning analytics solution that leverages customer interactions to identify trends, anticipate opportunities and adjust processes to meet business objectives
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Insight from Interactions TM 7 Adaptive Refinement Extract Insights Interaction Categorization ProcessingModeling Trends analysisMiningRoot Cause Analysis 100% Interaction Analysis Services levels Sales effectiveness Productivity Customer retention Business Insights Into Adaptive Interaction Analytics Methodology
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Insight from Interactions TM 8 Interaction Capture Root Cause Analysis Category Manager Transcription Data Mining In-depth queries Comprehensive Reports Alerts Phonetic Indexing Emotion Detection Talk Pattern Other Technologies Adaptive Interaction Analytics Buildings Blocks
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Insight from Interactions TM 9 Why do certain products sell more then others? 100% Interaction Analysis Processing & Mining Focus on higher selling products Interaction Categorization Product A Product B Product C Modeling & Root Cause Identify Successful sales criteria Refinement Competitive offerings Product features Winning pitch
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Insight from Interactions TM 10 Recap There is a wealth of business intelligence contained in customer interactions Technology point solutions are valuable tools but have limitations Adaptive Interaction Analytics integrates the point technologies to: Enable 100% analysis of recorded interactions Reduce the amount of manual intervention required Answer questions we don’t even know to ask
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Thank You Brian Spraetz Senior Manager, NICE Systems brian.spraetz@nice.com 214-227-8592
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