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Turning Audio Search and Speech Analytics into Business Intelligence

Turning Audio Search and Speech Analytics into Business Intelligence

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Page 1: Turning Audio Search and Speech Analytics into Business Intelligence

Turning Audio Search andSpeech Analytics into Business Intelligence

Page 2: Turning Audio Search and Speech Analytics into Business Intelligence

2

Insight from InteractionsTM

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?

?

Page 3: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

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%

Page 4: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

The Technologies of Speech Analytics

Key Word Spotting

Phonetic Indexing

Transcription (Speech to Text)

Emotion Detection

Talk Pattern

Page 5: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

Comparing the Different Technologies

Technology

Processing Speed (analyzed recording hours

per server)

Search Speed (records in one

second)Accuracy Storage

Word Spotting High (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)

Transcription Very Low (30-100 hours per server)

Very high (> 0.5M)

Medium (40-50% without fine tuning)

Small

Page 6: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

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

Page 7: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

Adaptive Refinement

Extract Insights

InteractionCategorization Processing Modeling

Trends analysis Mining Root Cause Analysis

100% Interaction Analysis

Services levels

Sales effectiveness

Productivity

Customer retention

Business Insights Into

Adaptive Interaction Analytics Methodology

Page 8: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

Interaction Capture

Root CauseAnalysis

Category Manager Transcription

Data Mining

In-depth queries

Comprehensive Reports

Alerts

Phonetic Indexing

Emotion DetectionTalk Pattern

Other Technologies

Adaptive Interaction Analytics Buildings Blocks

Page 9: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

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 Successfulsales criteria

Refinement

Competitive

offerings

Product features Winning pitch

Page 10: Turning Audio Search and Speech Analytics into Business Intelligence

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Insight from InteractionsTM

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

Page 11: Turning Audio Search and Speech Analytics into Business Intelligence

Thank You

Brian SpraetzSenior Manager, NICE Systems

[email protected]