Voice Technologies: How they are impacting companies strategy

Voice Technologies: How they are impacting companies strategy

Voice is the ideal user interface because it is not certainly a user interface, but part of who we are as humans and how we communicate.

 

As a result of the pandemic, care services jumped onto the digital scene alongside new technologies such as digital assistants which began to automate these processes. The growing concept of the Voice Revolution is searching to stimulate the transformation of business models from voice technology to service experiences.

Toptal, a global network of business, design, and technology experts, has reported that Industries that will invest the most in Voice technology for the next few years are: banking, retail, health, transportation, finance, and education; to get more out of the highly acclaimed Machine Learning and offer services that exceed the expectations of its users.

 

How can the adoption and use of Voicetech take us “into the future” in terms of interaction?

Speech biometrics, speech analytics, and voice assistants are some of the advances that are growing as they promote more productive, natural, and effortless conversations, vital to meeting the demands of today’s customers.

Virtual assistants mostly, have been gaining strength and reached companies to transform interactions with users. Parallel to the increase in the use of voice assistants, and in response to the consequences of confinement, we contemplate a consumer who has restructured their purchasing preferences and interaction with the brands they use in their day-to-day lives.

Inside homes, there are approximately 5.6 useful connected devices to navigate, buy, pay and book appointments in a way that is as comfortable as it is safe.

Related article: With conversational AI we will transform user experiences in 2021

Consequently, to this trend of increasing virtual assistants, the voice will become as important and necessary channel as a website or an app. It will soon become crucial for a company, to have a voice as a channel of interaction to provide the perfect experiences that users expect. Think of the feeling you get when you realize that a company does not have a website, it makes you question its validity and reputation, maybe even dismiss your purchase from that company. Voice technologies haven’t gotten there yet, but they are moving in that direction.

 

According to Google’s recent statistics on consumer trends, 51% of people +55 years believe that using voice assistants is easier to get answers and information than typing on their smartphones. It is essential to consider that the trust that consumers have placed in voice assistants is a radical call to improve business models.

Voice technologies continue to grow

Services available for companies, such as Lili Assistant, are just the beginning of the whole wave of voice technologies. Companies must start to think and create highly digital and automated experiences. This can be achieved by technologies such as voice assistants, as a result, they will offer solutions not only by hand but also by voice.

 

So, are you implementing voice technologies in your company? Learn more about our solutions powered by conversational AI, or contact us and let’s work on improving the experiences your brand offers.

12 Artificial Intelligence Statistics for Business Leaders

12 Artificial Intelligence Statistics for Business Leaders

Do you know everything that involves having AI in a company?

Are you curious about chatbots, robots, and virtual assistants?

Do you know the current state of this technology in the business world?

 

Artificial Intelligence (AI) has been growing and changing the way we think about and interact with technology. With all the information we have about Trends that will shape user experience strategies in 2021, most executives still don’t know what is the best way for their organizations to generate the maximum added value.

Today, and due to the accelerated digital transformation, this technology has found its place in companies, allowing them to increase productivity and improve the experiences of both customers and the internal team.

Chatbots, voice assistants, voice biometrics, and speech analytics are just some of the many tools powered by AI that is helping companies improve processes, meet customer expectations, and position themselves in the market by differentiating themselves from the competition. 

 

What is the impact of AI on new business models?

Planning and designing an automated and intelligent strategic structure is a matter of time, along with adequate research and resources for effective implementation. Here we have gathered 12 statistics that will help you learn more about AI and its importance in digital transformation.

AI statistics

  1. 37% of businesses plan to adopt Conversational User Interface (CUI) technologies in the next 12-18 months, more than any other emerging technology (GetApp)
  2. A Harvard Business Review study found that companies using this technology for sales could increase their leads by more than 50%, reduce call time by 60-70%, and achieve cost reductions between 40-60% (HBR).
  3. 60% of entrepreneurs surveyed believe that AI will find a place between 11% and 30% of their processes. (Technology Review)
  4. 54% of executives say that AI has already increased the productivity of their business. (Entrepreneur)
  5. 86% of businesses are currently reaping the benefits of a better customer experience through AI. (Chase)
  6. By 2023, 25% of employee interactions on apps will be via voice, up from 3% in 2019. (Gartner)
  7. 79% of executives around the world say that artificial intelligence will make their work easier and more efficient (Source).
  8. 38.5% of the US population will use a voice assistant, at least, once a month on any device to generate a purchase. (Emarketer)
  9. Within millennial consumers, 79% expressed satisfaction with automated healthcare systems. (Gartner)
  10. According to a recent report by Doximity, AI-powered telemedicine medical spending is forecast to rise from $29 billion achieved in 2020 to $106 billion by 2023. 
  11. The impact of AI on business is projected to increase work productivity by up to 40% and enable people to make more efficient use of their time. (Accenture)
  12. More than half of financial services companies (58%) and government organizations (55%) cite fraud detection as their top AI use case. (Technology Review)

All the statistics mentioned above show why this technology is here to stay. The different tools powered by artificial intelligence will have an impact on work productivity, helping to offer an incredible customer experience and streamline all daily activities.

The use cases for artificial intelligence are limitless, companies and executives will have to learn how to implement it to grow the business, outperform the competition, and remain competitive in today’s market.

To learn more about how your company can implement conversational artificial intelligence, Click HERE.

With conversational AI, we will transform user experiences in 2021

With conversational AI, we will transform user experiences in 2021

The pace of change continues to accelerate in all spheres of society, especially in the business sphere, Latin Americans continue to emphasize the revolutionary character that resists backwardness and economic stagnation.

 

The last year served us to gain momentum towards the expansion and reinvention of companies, the lessons learned puts us in front of the creation of new alternatives such as conversational AI, to meet new challenges based on the high expectations of users.

This is how the passage of time and crisis (especially the latter), has led to the creation of a solution that helps companies face those challenges of digital transformation through automation. Being able to scale and enhance the user experience, is key, as we demonstrate with our ability to respond before the COVID-19.

 

During the pandemic, Vozy has achieved a 600% increase in its services, with Colombia being the country with the highest growth, particularly in the health and financial industries.

 

Hand in hand with growth in terms of solutions, we nurture our DNA with the main component, our human team. COVID-19 made available to brands a quantity of data that needs to be addressed, from the generation of easily accessible products and services with a high level of security. For that, we have been committed to recruiting expert human capital to guarantee the success and correct implementation of our solutions.

 

With an unprecedented level of innovation, for us, the novelty is no longer in the ability of a bot to learn and transform data into personalized experiences, but in the ability to adapt digital strategies to the needs of the consumer in the new era. You can see more of this in our 5 Conversational AI Trends That Will Mark Lucrative Experiences During 2021.

 

That is why, at Vozy, we assume the leadership of The Voice Revolution in the region. We create new solutions, with a growth vision and involving voice assistants to improve productivity is our aim. Being possible thanks to biometric alternatives for recognition along with data protection that, in turn, will add an extra layer of security to each digital experience and will automatically transform the service provided by each business model, focusing it on specific needs.

 

Thanks to our research, implementation, and development processes, our clients will be able to incorporate new solutions that are not only limited to automation but also add value to the strategic extraction of data that arises from each conversation through speech analytics. Identify unique Voice patterns to provide security and personalization will add valuable relationships with Voice Biometrics; and, on top of that, they will have the adaptation of Lili Assistant to finance and health industries.

 

All these reasons make us the integral provider, capable of attacking different points of a highly automated, intelligent, secure, and available service strategy for any kind of industry. All this backed by the opinion of our clients.

 

This is a call to all brands to explore the need to know, listen and accompany their customers from an automated and intelligent perspective that makes their lives easier. This is the digital transformation since The Voice Revolution.

tecnolog[ias de voz