Sonntag, 1. Oktober 2017

The impact of AI on customer relationship management

In a recent report, the International Data Corporation (IDC) estimates that artificial intelligence (AI) technology applied to customer relationship management (CRM) might boost global business revenue in the orders of $1.1 trillion from 2017 to 2021.

In particular, AI-driven CRM might lead to the creation of 800,000 direct jobs, and 2 Mio. of indirect jobs. The year 2018 is likely to turn out to be the mayor year for AI adoption.

On the basis of a survey, IDC has identified the top CRM categories where AI technology will benefit the most. These are:
  • Corporate marketing, branding, advertising (30% of respondents)
  • Product or service marketing (39% of respondents)
  • Marketing operations (39%)
  • Customer support (43%)
  • Digital commerce (40%)
  • Customer analytics (38%)
  • Customer influenced product or service design (40%)
  • Product or service pricing, finance (38%)
  • Customer billing, inventory, logistics (41%)
  • Partner management (41%)

The most important use case for use of AI in CRM include:
  • Sales and marketing lead scoring (83% of responding AI adopters)
  • Sales opportunity scoring (80%)
  • Sales forecasting (61%)
  • Customer service case classification/routing (83%)
  • Chatbots for customer service or product selection (75%)
  • Cross-selling and upselling (68%)
  • Fraud Detection (64%)
  • Credit risk scoring (61%)
  • Email marketing (87%)

Solutions For Customer Analytics


Semalytix offers solutions for customer analytics and customer service case classification / routing. Our solutions are powered by the latest deep learning technology. Our partner company mercury.ai offers conversational bot technology that supports customer service automation. Contact us!

http://www.semalytix.de/