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Home Technology AI and Machine Learning

Why go with single AI-enabled service channel

FutureIoT Editors by FutureIoT Editors
December 12, 2024
Photo by Tara Winstead: https://www.pexels.com/photo/robot-pointing-on-a-wall-8386440/

Photo by Tara Winstead: https://www.pexels.com/photo/robot-pointing-on-a-wall-8386440/

Gartner predicts that by 2028, 30% of Fortune 500 companies will provide customer service exclusively through a single, AI-enabled channel capable of handling communication via text, image, and sound. This shift is driven by the increasing complexity and costs associated with multichannel service journeys, which often lead to disjointed customer experiences and lower retention rates.

Key Insights from Gartner's Predictions

Patrick Quinlan
  1. Simplification of service experience: Companies will move towards a unified AI-powered channel that allows seamless transitions between different modes of interaction, such as voice, chat, and video. This approach aims to simplify the customer service experience significantly.
  2. Focus on customer communication preferences: Patrick Quinlan, senior director analyst at Gartner, emphasised the need for service leaders to shift their focus from the channels customers use to how they prefer to communicate.
    He stated, “As GenAI continues to mature and facilitate seamless voice interactions, voice-based customer service isn’t going away. It will instead evolve to meet customers’ needs for a more simple service experience”.
  3. Rise of conversational AI: By 2028, it is predicted that 70% of customer service journeys will begin and end with conversational, third-party assistants integrated into mobile devices. A recent survey indicated that 45% of customers are already using generative AI in their daily lives, suggesting a strong trend towards self-service solutions through platforms like Apple AI and Google Gemini.
  4. Challenges with fraud: Gartner anticipates a 300% increase in fraud attempts by 2027, as fraudsters exploit conversational AI tools to bypass security measures. To counter this, organisations will need to implement advanced identity verification and security protocols.
  5. Balancing efforts and security: Quinlan cautioned that while the intention behind a single AI-enabled channel is to reduce customer effort, it could inadvertently lead to increased challenges and customer churn. Companies must find a balance between simplifying service and protecting customers from fraud.

Gartner's predictions highlight a transformative shift in how Fortune 500 companies will approach customer service, driven by advancements in AI and changing consumer expectations.

Related:  Gartner reveals its top 10 strategic technology trends for 2024
Tags: 2025 PredictionsfraudGartner
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The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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