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Football is back and that means fantasy football leagues are in full swing. Every owner is searching for the winning combination. While each has their own strategy such as selecting players from their local team (Go Hawks!), every owner is counting on one thing – strong predictions. Analysts and pundits all try to guess which players will do well this week or against a specific defense. Accurate predictions will make one owner a star, and poor predictions? Well, winning isn’t everything. And, hey, you get to pick first next year!
Football lives on stats and prognostication every year. And with the rise of artificial intelligence and data analytics, the power of prediction is moving into the mainstream for customer service. Organizations seeking an edge to improve their customer service should investigate what prediction offers.
Using predictive capabilities starts, just like football, with the fundamentals and basic “blocking and tackling”. Most organizations already have the most fundamental element – customer transaction data. It all revolves around the data. Your customers are calling your contact center, engaging a live chat agent, or visiting your website to search for answers. With the right analysis, you can better determine why they are calling and if they will call again in the future.
Data on its own doesn’t do any good if it’s sitting idle in a database. It would be like a bunch of players mulling around on the field wondering what to do. Players and data need structure and someone to help them deliver their full potential. They need coaches. Like a good football coach, when it comes to prediction, the “coach” is a set of machine learning models powered by AI. Machine learning models are sophisticated tools that aggregate the massive amounts of customer data and then conduct analysis on them to identify patterns and trends. Over time the models get smarter as they see more and more patterns and learn what doesn’t work. As the models improve, the service an organization can offer its customers also improves.
Once the fundamentals (data) and the coach (machine learning) are in place, organizations can set about deploying predictive capabilities using some of the most standard use cases. Think of these as the football team executing the plays they’ve worked hard to practice. For most organizations there are three typical scenarios where prediction will serve them well:
No matter how an organization wants to improve customer service, the power of prediction is making it possible. Organizations need to explore predictive capabilities to continue to innovate and stay ahead of customer needs. Besides, why should fantasy football owners have all the fun?
Explore the various use cases of prediction service and what it can do for you.
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