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		<title>Speech Analytics: Optimal way to improve your call center and customer experience</title>
		<link>https://www.beyondkey.com/blog/speech-analytics/</link>
		
		<dc:creator><![CDATA[Beyond Key Team]]></dc:creator>
		<pubDate>Fri, 06 Aug 2021 08:17:43 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Voice]]></category>
		<category><![CDATA[Speech Analytics]]></category>
		<category><![CDATA[voice technology]]></category>
		<guid isPermaLink="false">https://www.beyondkey.com/blog/?p=4794</guid>

					<description><![CDATA[<p>As for companies, you know that happy customers are your foundation and the key to your continued success if you listen to their concerns, needs, and ideas. Customer feedback gives you the ability to better...</p>
<p>The post <a href="https://www.beyondkey.com/blog/speech-analytics/">Speech Analytics: Optimal way to improve your call center and customer experience</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="bsf_rt_marker"></div><p><em>As for companies, you know that happy customers are your foundation and the key to your continued success if you listen to their concerns, needs, and ideas. Customer feedback gives you the ability to better understand your customers so that you can provide an exceptional customer experience, every time. </em><em><a href="https://beyondvoice.ai/voice-analytics/"><strong>Speech analytics software</strong></a> initially became available in about 2002. Since then its popularity has grown exponentially. Today, the level of accuracy of these systems as well as the speed to customer intelligence they offer have made speech analytics a must-have versus a nice-to-have for companies that want to improve efficiency, agent performance, compliance adherence, revenue, and the customer experience.</em></p>
<h3><strong>Benefits of Using Speech Analytics Software</strong></h3>
<p>Speech analytics is a powerful tool that helps to unlock insights as it allows managers to understand the behavior of top performers. You can improve your business process with a robust, scalable, and flexible speech recognition solution to analyze customer sentiments. Speech analytics software helps mine and analyze audio data, detecting things like emotion, tone, and stress in a customer’s voice, the reason for the call, satisfaction, the products mentioned, and more.</p>
<p><img fetchpriority="high" decoding="async" class="aligncenter wp-image-4302 size-medium" src="https://www.beyondkey.com/blog/wp-content/uploads/2021/08/lumensoft-technologies-WaGMKmJ2F0Y-unsplash-300x202.jpg" alt="Speech Analytics For Call Center" width="300" height="202" /></p>
<p><strong><u>Lower Expenses by Automation</u></strong><br />
Reduce your manpower cost by automating the conversation analysis process which offers instant insights into phone conversations, or audio/video files.</p>
<p><strong><u>Improve Strategic Business Decisions</u><br />
</strong>Improve strategic decisions basis sentiment and conversation insights to understand your customers better to refine your future serviceability and product offerings. With Speech Analytics, contact centers can get insights quickly. Since it monitors and reports on all conversations, it automatically takes the raw data, organizes, and analyses it, and generates insights based on what companies want to track, which will help to make strategies for improving the business process, which will lead to the revenue generation process.</p>
<p><strong><u>Save Time in Extracting Analytical reports</u></strong><br />
With new technologies, such as speech analytics, contact centers can create better customer experiences, where they can easily save time by extracting the analytical reports holistically. The insights received from analytics also help improve the performance of agents and find out their shortcomings. If utilized correctly, the analytics can help in improving the effectiveness of campaigns and improving conversation rates.</p>
<p><strong><u>Manage Operations Efficiency</u></strong><br />
Basis the conversation analytics reports analyze your team’s performance in handling the conversations and design future training courses for your staff. The outcome will be smooth client handling benefits while offering improved CX.<br />
<strong><u><br />
Accuracy</u><br />
</strong>Make more sense of your transcription with domain-specific targeted words/phrases. For accuracy, the analysis helps to uncover an issue, which can help the agents to get the information and as a result, it will help to decrease the number of call-backs by establishing the proper expectations with customers, this will lead to accurate outputs.</p>
<p><strong><u>Increases cross-sell and up-sell opportunities</u></strong><br />
Leveraging the contact center to drive revenue through cross-selling and up-selling pitches in interactions is a smart strategy. The information can then be used to enhance sales conversion rates which help to produce more effective marketing campaigns.</p>
<p><strong>Features of Speech Analytics Platform</strong></p>
<p><strong><u>Speech Adaptation</u></strong><br />
Customize your speech analytics application by inserting industry-specific or unique terms/phrases for auto-detection of words.</p>
<p><strong><u>Multi-channel</u></strong><br />
Recognize and transcribe multiple participants in a conversation. Transcribe and analyze millions of calls to discover customer insights and improve contact center performance.</p>
<p><strong><u>Content Filtering</u><br />
</strong>Redact your transcription of specific content like inappropriate words, confidential and personal information. When you have access to this vital information, you can take proactive measures to make changes and improvements.</p>
<p><strong>KPIs That Can Be Improved Using Speech Analytics Data</strong></p>
<p>There are several <strong>KPIs</strong> you <strong>can</strong> track <strong>with speech analytics</strong> software. First call resolution rate, service response times, customer satisfaction, Script Compliance or Improvement, Reduced Repeat calls, and wait time are some examples. Once you pick your <strong>KPIs</strong>, benchmark your current performance levels.</p>
<p>One good exercise to see if you can derive meaning from your KPIs is to have a look at the compiled list of the most important call center metrics:</p>
<p><strong><u>Quality Scores:</u></strong> Providing an overall score for the caller experience. Call Center Quality scores can be monitored at the agent and group levels. When you track 100% of customer interactions, supervisors and agents can get an accurate and unbiased view of how well they are doing.</p>
<p><strong><u>Reduced Repeat Calls</u></strong>: For the improvement in efficiency and reduction in repeat calls, speech analytics is a powerful software. Reducing repeat calls not only reduces overall call volume but at the same time leads to greater customer satisfaction, which can help to revenue enhancement.</p>
<p><strong><u>First Call Resolution (FCR):</u></strong> Measures the percentage of conversations that get resolved on the first contact. Simply divide the number of calls that are resolved on the first contact by the total number of first contacts. You can get even more sophisticated by segmenting data by call reason, call type, etc.<br />
<strong><br />
<u>Customer Satisfaction:</u></strong> Looks at the agent behaviors and processes that most affect the customer experience. Beyond looking for words and phrases that indicate dissatisfaction, speech analytics also looks at sentiment by monitoring, silence, and loudness in the voice.</p>
<p><img decoding="async" class="aligncenter wp-image-4301 size-medium" src="https://www.beyondkey.com/blog/wp-content/uploads/2021/08/blake-wisz-tE6th1h6Bfk-unsplash-1-300x200.jpg" alt="Customer Satisfaction" width="300" height="200" /></p>
<p><strong><u>Script Compliance or Improvement:</u> </strong>Script compliance is often a top priority, contact centers often employ scripts to ensure a consistent approach to customer interactions and to deliver an excellent customer experience. Especially in highly reputed industries, call center agents must be very careful and adhere to the approved script when dealing with sensitive information. With the help of the software, managers can easily mine calls to ensure that agents are properly following the script and performing at a high level.</p>
<p><strong><u>Average Handling Time (AHT):</u></strong> The total amount of time it takes to handle a call, measuring different areas such as talk time, on-hold time, and wrap-up time. To get an accurate assessment of agent performance it is important to average handle times over several calls.</p>
<p><strong>Use Case of Speech Analytics Platform</strong></p>
<p><strong><u>Keyword Spotting</u></strong><br />
Focus and identify specific keywords and phrases to filter only the relevant conversations that drive domains specific insights and performance. Speech analytics software identifies words and phrases, based on a library defined by the user. This type of call analytics can be used to detect trends in customer interactions and analyses audio patterns to detect emotions and stress in a speaker’s voice.</p>
<p><strong><u>Theme Discovery<br />
</u></strong>Identify the intent and purpose of a conversation to take proactive actions and make them better.</p>
<p><strong><u>Transcription<br />
</u></strong>Create transcripts from a variety of calls like customer service calls, sales calls, meeting recordings, etc. The audio undergoes the transcription process that turns the sounds into text. At the same time, acoustic signals such as agitation in the voice, tempo, loudness, and silence are extracted.</p>
<p><strong><u>Customer Segment Identification<br />
</u></strong>Create and identify new customer segments based on their conversations to enhance personalized experiences.</p>
<p><strong>Final Thoughts!</strong></p>
<p>Creating a positive customer experience is the key to building a successful business. Knowing what customers want before they change their minds, or move on to your competitors, will help create a positive customer experience. Since you can’t read their minds, the next best thing is using speech analytics to capture 100% of your customer conversations.</p>
<p>Speech analytics saves businesses time and delivers value through loyal customers, increased revenue, and decreased expenses. But, launching new speech analytics software doesn’t perform miracles overnight. It takes time. Begin with a plan before pitching it to management, know your facts, pick the right solution, and show the value to your employees. When you do, you’ll reap the benefits. Use these best practices as a guide to get it right from the start and avoid any surprises<strong><br />
</strong><br />
Connect with us today to get a personalized demo of our custom <a href="https://beyondvoice.ai/tawq-ai-and-nlp-powered-voice-intelligence-platform/"><strong>NLP-powered Speech Intelligence platform called Tawq. </strong></a></p>
<p>Further Insights</p>
<p><a href="https://www.beyondkey.com/blog/speech-to-text-technology">Speech To Text Technology</a></p>
<p><a href="https://beyondvoice.ai/contact-us/"><strong>Book a demo</strong></a></p>
<p>The post <a href="https://www.beyondkey.com/blog/speech-analytics/">Speech Analytics: Optimal way to improve your call center and customer experience</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
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		<title>7 Inventive Ways to Use Speech Recognition in Business</title>
		<link>https://www.beyondkey.com/blog/7-inventive-ways-to-use-speech-recognition-in-business/</link>
					<comments>https://www.beyondkey.com/blog/7-inventive-ways-to-use-speech-recognition-in-business/#respond</comments>
		
		<dc:creator><![CDATA[Beyond Key Team]]></dc:creator>
		<pubDate>Tue, 20 Aug 2019 18:27:40 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Voice]]></category>
		<category><![CDATA[speech recognition]]></category>
		<category><![CDATA[speech recognition software]]></category>
		<category><![CDATA[voice technology]]></category>
		<guid isPermaLink="false">http://beyondintranet.azurewebsites.net/?p=360</guid>

					<description><![CDATA[<p>Within the last several years, speech recognition has come a long way. It’s a powerful tool that can help businesses in a variety of industries increase levels of productivity and success. So how can your...</p>
<p>The post <a href="https://www.beyondkey.com/blog/7-inventive-ways-to-use-speech-recognition-in-business/">7 Inventive Ways to Use Speech Recognition in Business</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="bsf_rt_marker"></div><p>Within the last several years, speech recognition has come a long way. It’s a powerful tool that can help businesses in a variety of industries increase levels of productivity and success. So how can your company benefit from harnessing speech recognition? Learn about seven innovative ways to use speech recognition in business below!</p>
<h2>1. Get in Touch with Your Customers</h2>
<p>At the end of the day, there’s nothing more important than what your customers think. How they perceive your brand is critical to your success or failure. That’s why it’s so important to gain a deep understanding of how they feel about your products, services, and business overall. Our speech recognition technology gives you the ability to better interpret your customers’ feelings by performing in-depth data mining on recorded calls, which ultimately provides a clearer overall picture of your business’ health.</p>
<h2>2. Learn More About Your Customers</h2>
<p>You can perform in-depth data mining on your audio and video files with our speech recognition technology to identify key demographic information about your customers, including gender, estimated age, language spoken, accent, emotion and sentiment, speech patterns, action items, and more. With such valuable information, you can craft marketing campaigns that are highly-targeted, increase sales and support performance, and more.</p>
<h2>3. Monitor Your Support Team</h2>
<p>When your clients contact your support team, you can assume it’s something important. As support team members field these calls, they must convey accurate information in a way that’s approachable, understandable, and on-brand. By utilizing the power of speech recognition to capture and analyze audio, tracking each client-support team member interaction becomes easy and can be used to better understand and monitor your representatives.</p>
<h2>4. Identify Callers and Mitigate Risk</h2>
<p>Our speech recognition solutions give you the ability to analyze audio using industry-leading voice biometrics, allowing your business to easily identify and authenticate each caller to better detect and mitigate fraud. This is especially important for industries such as Finance and Government.</p>
<h2>5. Streamline Your Support Process</h2>
<p>Recorded audio from your support calls holds the key to providing optimal support to your customers. After capturing customer interactions and analyzing the findings, you can precisely identify issues that people request help for the most and work to make the support process as optimized as possible.</p>
<h2>6. Utilize Automatic Transcription to Save Time</h2>
<p>If you have a business with a small staff and limited resources, productivity and efficiency are critical priorities. With the power of speech recognition, you can covert your audio and video files into accurate text and help automate processes like complaint analysis, call and caller categorization, demographic analysis, legal compliance, NPS analysis, and more.</p>
<h2>7. Use Voice Data to Continuously Optimize</h2>
<p>With such <a href="https://www.beyondkey.com/business-intelligence-consulting-services" target="_blank" rel="noopener">valuable data</a> available, it’s important to analyze and optimize. Accurate voice data from customer interactions and support calls give you the opportunity to continuously grow and improve all your related workflows and business processes.</p>
<p>Ready to start using the power of speech recognition to advance your business? Reach out to our team of voice technology experts to learn more or to get started on your project by <a href="https://www.beyondkey.com/contactus" target="_blank" rel="noopener noreferrer">contacting us</a>. In the meantime, check out our top-rated <a href="https://beyondvoice.ai/voice-transcription/" target="_blank" rel="noopener noreferrer">voice transcription services</a>.</p>
<p>The post <a href="https://www.beyondkey.com/blog/7-inventive-ways-to-use-speech-recognition-in-business/">7 Inventive Ways to Use Speech Recognition in Business</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
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		<title>The future of voice in changing healthcare Industry</title>
		<link>https://www.beyondkey.com/blog/the-future-of-voice-in-changing-healthcare-industry/</link>
					<comments>https://www.beyondkey.com/blog/the-future-of-voice-in-changing-healthcare-industry/#respond</comments>
		
		<dc:creator><![CDATA[Taha Siddiqui]]></dc:creator>
		<pubDate>Tue, 23 Oct 2018 08:19:42 +0000</pubDate>
				<category><![CDATA[Voice]]></category>
		<category><![CDATA[Patient records]]></category>
		<category><![CDATA[physican notes]]></category>
		<category><![CDATA[voice technology]]></category>
		<guid isPermaLink="false">http://beyondintranet.azurewebsites.net/?p=221</guid>

					<description><![CDATA[<p>Voice technology is well on its way to changing the healthcare industry due to its super convenient interface and early adoption of users in the field. Let’s understand what all the possible use cases are...</p>
<p>The post <a href="https://www.beyondkey.com/blog/the-future-of-voice-in-changing-healthcare-industry/">The future of voice in changing healthcare Industry</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="bsf_rt_marker"></div><p><a href="https://www.beyondkey.com/technologies/voice-technology">Voice technology</a> is well on its way to changing the healthcare industry due to its <strong>super convenient interface</strong> and <strong>early adoption</strong> of users in the field. Let’s understand what all the possible use cases are where big giants in medicine and other domains have been leveraging this exciting future of voice technology.</p>
<p>The adoption trend is going both ways. At one end, where more and more patients are finding it easier to use voice-activated devices such as Microsoft’s Cortana, Amazon’s Alexa, and Google Home, many hospitals and health systems are also developing voice-activated tools for patients. We can definitively say that users are really making this a successful attempt.</p>
<p>On the other end, technology experts are also leaving no stone unturned. They are constantly working on improving the quality of <strong><a href="https://www.beyondvoice.ai/tawq-ai-and-nlp-powered-voice-intelligence-platform/">voice recognition software</a>.</strong> Other than this, developers are also busy finding creative voice technology solutions to help people manage their medical conditions, whether acute or chronic.</p>
<p>We can surely call it a win-win situation for <strong>patients, clinicians, and technology experts</strong>. Improvements in speech recognition technology and decreasing device prices present exciting opportunities for medical organizations. As voice technology grows more sophisticated, patients can engage with their health at home through voice-assisted IoT.</p>
<p><strong>Voice assistants are becoming a part of procedure rooms. What are the benefits to doctors? </strong></p>
<p>We can call it a boon that voice is a touchless interface and that makes it super easy to integrate into a sterile environment like an operating or procedure room<strong>.</strong></p>
<p>Technology experts have achieved a great deal of success <strong>while integrating voice assistants like Alexa, Google Home, or Cortana to Electronic Health Records (EHRs)</strong> of the hospitals. So surgeons can <strong>easily pull up</strong> <strong>past records of patients</strong> they will be operating on to get a better understanding of how they are going to respond to the procedure.</p>
<p><strong>Doctors can talk to each other</strong> using headset mics which are <strong>integrated with voice assistants</strong>. When they speak into their headsets, the message is transmitted to voice assistants which, in turn, pull up the required report, information, or anything else and show it on the big screen in the operating or procedure room.</p>
<p><strong>Voice Assistants are crucial in recording and updating EHRs. How? </strong></p>
<p>Advances in <strong>AI, Machine Learning, Big Data, and Cloud Computing</strong> are helping to drive the implementation of voice technologies in updating healthcare records. Accurate <strong>speech-to-text</strong> programs have shown the <strong>ability to transcribe physicians’ notes</strong> more accurately than the average human medical transcriptionist, and voice recognition models offer a method for reducing common issues like illegible handwriting and insufficient documentation of procedures.</p>
<p>Another important role that voice assistant can play in operating rooms or even in any physician’s room is <a href="https://voicebot.ai/2018/05/01/healthcare-voice-assistant-startup-raises-20-million/" target="_blank" rel="noopener noreferrer"><strong>capturing clinical notes</strong></a>. This helps doctors save a lot of time writing prescriptions or recording complete medical histories of any patients suffering from chronic diseases and focus on their patients rather than their EMRs.</p>
<p><strong> </strong><strong>Role in Forecasting Wait Times in Emergency Rooms </strong></p>
<p>Hospitals and nursing homes are also experimenting with building skills for Alexa and Google Home which can help patients <strong>identify wait times at emergency rooms</strong> and urgent care centers that are near a given zip code.</p>
<p>You can ask Alexa for the shortest wait time near your zip code or check the time at a specific location. The skill will give you the wait time as well as the address for that location or direct you to an alternative if the shortest wait time is elsewhere. This gives patients immediate access to emergency rooms and urgent care centers.</p>
<p><strong>Voice Technology’s Inevitable Use in Recovery Rooms</strong></p>
<p>Voice assistants have become an inevitable part of the <strong>patient recovery system</strong>. Whether it’s staying in a hospital room, or after discharging a patient to recover at home, voice interfaces help patients connect into their environment, especially when they have restricted mobility. Beginning with simple tasks such as dimming lights, adjusting the temperature of a room, and controlling volume levels, voice can empower users to maintain control of their environment. Moving to more integrated options, voice can also order food, request nursing assistance, or find out more about your medical condition from trusted sources using various health apps.</p>
<p><strong>Devices such as Alexa</strong> are also well-suited to help people manage their chronic conditions. By <strong>asking simple questions</strong> such as “<strong>have you taken your medication today</strong>?” Alexa and other platforms can help ensure that patients remain compliant with their treatment needs. This is critically important, as some studies have shown up to 50 percent of patients do not comply with their dosing schedule, a problem that has massive public health consequences.</p>
<p><strong>Future of Voice Technology and Assistants</strong></p>
<p>As vocal recognition technology continues to mature and become more widely adopted, the level of acceptability and adoption in the Healthcare industry is surely going to increase. Medical organizations already have tech teams busy <strong>building pilot programs</strong> that use devices like the Amazon Echo to provide <strong>post-discharge information</strong> for patients, answer common health questions, and manage basic needs like <strong>transportation and medication schedules</strong>.</p>
<p>Voice recognition is also likely to take on a more expanded role in the daily routines of healthcare providers, potentially making the laborious human transcription process and paper-based records outdated as speech recognition becomes even more exact and reliable.</p>
<p>Though <strong>security, trust, and the adoption rate</strong> is a common challenge, vocal recognition is still the future of healthcare. The help these <strong>smart speakers adorned with Artificial Intelligence</strong> can provide in emergency and operating rooms to patients and doctors alike are monumental. Widespread adoption could slash operating costs and save time, allowing doctors to see more patients and focus on delivering high-quality care.</p>
<p>The post <a href="https://www.beyondkey.com/blog/the-future-of-voice-in-changing-healthcare-industry/">The future of voice in changing healthcare Industry</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
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		<title>Give Your Business a Voice</title>
		<link>https://www.beyondkey.com/blog/give-your-business-a-voice/</link>
		
		<dc:creator><![CDATA[Beyond Key Team]]></dc:creator>
		<pubDate>Tue, 09 Oct 2018 09:18:27 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Voice]]></category>
		<category><![CDATA[AI and eCommerce]]></category>
		<category><![CDATA[Alexa]]></category>
		<category><![CDATA[conversational commerce]]></category>
		<category><![CDATA[Voice and AI]]></category>
		<category><![CDATA[Voice commerce]]></category>
		<category><![CDATA[voice technology]]></category>
		<guid isPermaLink="false">http://beyondintranet.azurewebsites.net/?p=216</guid>

					<description><![CDATA[<p>&#8220;Voice assistants such as Alexa, Siri or Google Assistant have become very common in everyday life. From sharing the news or information about the weather to playing a song or your favorite podcast, voice search...</p>
<p>The post <a href="https://www.beyondkey.com/blog/give-your-business-a-voice/">Give Your Business a Voice</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="bsf_rt_marker"></div><p><em>&#8220;Voice assistants such as Alexa, Siri or Google Assistant have become very common in everyday life. From sharing the news or information about the weather to playing a song or your favorite podcast, voice search has opened up a new avenue: <strong>voice-assisted commerce</strong> or <strong>conversational commerce</strong>. Now that voice assistants are performing nearly perfectly, it’s time to make it your shopping assistant.&#8221;</em></p>
<h2><strong>What Does It Mean? </strong></h2>
<p>Voice-assisted commerce means that now you can do all of your shopping, ordering, and booking tasks just by using your voice.</p>
<p>For example, the next time you want to have a coffee, you can just ask Alexa and she’ll do the rest for you.</p>
<p>Conversational commerce is one step ahead. It is the use of instant messaging and chatbots to connect with users.</p>
<h2><strong>Why Do You Need to Know About It?</strong></h2>
<p>By 2020, half of the search queries will be done by voice, and thus online shopping portals need to step up their game. More and more retailers are integrating it into their channels, and soon enough it will be a seamless part of everyday life.</p>
<p>According to researchers, more than 50% of young people (people under 30 years) prefer to conduct search queries and tasks by voice, so combining voice and e-commerce gives any portal a competitive edge.</p>
<h2><strong>How Does It Work? </strong></h2>
<p>It works via any voice assistant devices, say Alexa. Alexa is taught ‘skills’ with the help of AI how to reduce the need of a user into physical outcomes. This helps it not just read out the results, but also be able to act on it.</p>
<p>Let’s take you through a hypothetical conversation between you and your voice assistant.</p>
<p><strong>You</strong>: Alexa, can you order a coffee for me from Starbucks?</p>
<p><strong>Alexa</strong>: Sure. What kind?</p>
<p><strong>You</strong>: An espresso with two sugars.</p>
<p><strong>Alexa</strong>: Okay. There are two Starbucks locations on the way. One is five minutes away and the other one is 15 minutes. At which location would you like to place an order?</p>
<p><strong>You</strong>: The one that’s 15 minutes away.</p>
<p><strong>Alexa</strong>: Okay. Is there anything else you want me to order for you, perhaps some breakfast?</p>
<p><strong>You</strong>: Sure. A croissant would be good.</p>
<p><strong>Alexa</strong>: Okay. I’ll place an order when you’re five minutes away.</p>
<p><strong>You</strong>: Also, pay for it when you place the order.</p>
<p><strong>Alexa</strong>: Okay. Payment will be completed using your amazon pay account.</p>
<p>See how easy that was?  Since most simple tasks can already be done by voice, many e-commerce search queries will now also be performed the same way. If you want pizza, you can customize it just using your voice. It isn’t a one-way process anymore, where the user goes through the cumbersome process of typing in a search box and scrolling through endless results.</p>
<h2><strong>How Does It Benefit Retailers? </strong></h2>
<p>This is beneficial not only for consumers by increasing their convenience, but also for retailers and sellers.</p>
<p>It makes consumer product discovery easier, which affects consumer experience related to the seller. Users will now be more aware of the choices offered, which increases the likelihood they’ll try new ones.</p>
<p>Retailers and sellers can capitalize on that and improve personalization, opening up another potential revenue stream. It will also help them connect to customers better and increase brand loyalty. Customers can get recommendations based on their previous choices.</p>
<p>One of the advantages an offline retailer has is in-person interactions with customers., which allows them to analyze the customer’s needs in real time. Such issues can be resolved using AI, where it can give the user’s results based on their location, weather, or any other information that can potentially affect the results. Your voice assistant will play the role of your store employee, who guides customers to the right aisles.</p>
<h3><strong>What All Can Be Done by The Integration of Voice and E-commerce?</strong></h3>
<ol>
<li><strong>Question about a product online: </strong>Want to buy a car? Get details about all of the options available.</li>
<li><strong>Place an order for almost anything: </strong>From everyday foods to electronics, place orders using only your voice.</li>
<li><strong>Track your order and its status: </strong>No need to go through your emails just to find the status of your order.</li>
<li><strong>Get personalized recommendations: </strong>Want to buy a shirt? You can recommendations based on your previous purchases or searches.</li>
<li><strong>Get trusted reviews: </strong>AI can filter out the vast majority of fake reviews. This way, you get to choose the best product for you.</li>
</ol>
<h3><strong>How Can AI Help in E-commerce?</strong></h3>
<ol>
<li><strong>Target potential customers</strong>: Based on their interests, AI can show consumers recommendations that will also help retailers increase their sales and revenue.</li>
<li><strong>Personalized recommendations</strong>: Since a voice assistant is already familiar with its owner and their preferences, it can filter products accordingly.</li>
<li><strong>Chatbots</strong>: Retailers can now communicate with customers easily through chatbots that don’t require extra manpower.</li>
<li><strong>Filter fake reviews</strong><strong>: </strong>Fake reviews published by competitors and bots have become an issue for online retailers and e-commerce shops. To combat this, many e-commerce businesses use Artificial Intelligence to put more emphasis on verified reviews.</li>
</ol>
<p>This is just the beginning! Voice commerce has a lot more it can accomplish.</p>
<p>Voice commerce or conversational commerce make shopping even more fun! Isn’t it amazing what technology can achieve with something as simple as voice?</p>
<h2><strong>Hire a Voice Skill Developer at Beyond Key Now!</strong></h2>
<p>Voice-based skills development can do wonders for your business, whether it’s in banking, retail, or any other sector. At Beyond Key, we have been developing voice-based skills for more than two years, and have a team of developers who are experts in developing and delivering new generation solutions with voice-enabled services.</p>
<p>Are you searching for a voice-enabled skill developer for your business? Your search can end here! Reach out to us at <a href="mailto:contact@beyondkey.com">contact@beyondkey.com</a> today!</p>
<p>The post <a href="https://www.beyondkey.com/blog/give-your-business-a-voice/">Give Your Business a Voice</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
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		<title>Redefine Banking E-commerce with Voice-driven AI</title>
		<link>https://www.beyondkey.com/blog/redefine-banking-e-commerce-with-voice-driven-ai/</link>
					<comments>https://www.beyondkey.com/blog/redefine-banking-e-commerce-with-voice-driven-ai/#respond</comments>
		
		<dc:creator><![CDATA[Taha Siddiqui]]></dc:creator>
		<pubDate>Tue, 25 Sep 2018 08:38:14 +0000</pubDate>
				<category><![CDATA[Artificial Intelligence & Machine Learning]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Voice]]></category>
		<category><![CDATA[AI]]></category>
		<category><![CDATA[Alexa]]></category>
		<category><![CDATA[Banking services]]></category>
		<category><![CDATA[Cognitive technologies]]></category>
		<category><![CDATA[Data Analytics]]></category>
		<category><![CDATA[Machine Learning]]></category>
		<category><![CDATA[mobile apps]]></category>
		<category><![CDATA[voice technology]]></category>
		<guid isPermaLink="false">http://beyondintranet.azurewebsites.net/?p=209</guid>

					<description><![CDATA[<p>Here is a sample Amazon Alexa conversation on an e-commerce site. You: Alexa, Ask U.S. Bank, ‘What is my balance?’ Alexa: Your US Bank account ending with xxxx1312 has a balance of $40,000. You: Can...</p>
<p>The post <a href="https://www.beyondkey.com/blog/redefine-banking-e-commerce-with-voice-driven-ai/">Redefine Banking E-commerce with Voice-driven AI</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="bsf_rt_marker"></div><p>Here is a sample <a href="https://en.wikipedia.org/wiki/Amazon_Alexa">Amazon Alexa</a> conversation on an e-commerce site.</p>
<p><strong>You:</strong> Alexa, Ask U.S. Bank, ‘What is my balance?’</p>
<p><strong>Alexa:</strong> Your US Bank account ending with xxxx1312 has a balance of $40,000.</p>
<p><strong>You:</strong> Can you find out where my major spending was in the last week?</p>
<p><strong>Alexa:</strong> Sure! You have dined several times at restaurants and bought gadgets online, and have been buying junk food frequently.</p>
<p><strong>You:</strong> Ok, can you tell me if this is impacting my health?</p>
<p><strong>Alexa</strong>: You have not been on a walk for over a week, so you may have gained some weight and increased your stress levels.</p>
<p><strong>You:</strong> Ok, any suggestions?</p>
<p><strong>Alexa:</strong> Should I renew your gym membership?</p>
<p><strong>You:</strong> Yes, please.</p>
<p><strong>Alexa:</strong> I have renewed your membership at Star Health Gym. Your code has been sent to your mobile phone which can be used as your access.</p>
<p><strong>You:</strong> Thanks. Can you tell me how my savings plan is doing?</p>
<p><strong>Alexa:</strong> Last week, I shifted some savings from your savings account to a premium account so you have a better interest rate.</p>
<p><strong>You:</strong> Thanks. Any pending bills?</p>
<p><strong>Alexa:</strong> Your Internet bill for this cycle is due. The amount is $400. Would you like to pay for it now?</p>
<p><strong>You:</strong> Yes, please pay it now.</p>
<p><strong>Alexa:</strong> Ok. It has been paid. Anything else?</p>
<p><strong>You:</strong> No, thank you. Has your bank started sending you messages about how its basic customer service is available on simple voice commands? If not, ask when they plan to roll this feature out. Here are some examples of how Voice has taken the customer service experience in the banking industry to a different level.</p>
<h2>Voice-Driven AI Tasks for Alexa</h2>
<h3><strong>1. Pay your bills with voice commands.</strong></h3>
<p>Royal Bank of Canada is adding payment functionality to its app. The new feature will give customers the ability to pay bills on their iPhone or iPad via Apple&#8217;s voice assistant, Siri. After a user voices the command, the RBC app will debit their account and send the payment, which is protected by TouchID.</p>
<h3><strong>2. Check account statements and deposit checks with voice. </strong></h3>
<p>USAA has introduced a voice-driven AI remote check deposit feature in its mobile app which helps visually impaired members scan a check or get a voice account statement. They can request statements for specific dates and payees.</p>
<h3><strong>3. Plan your investments for the future.</strong></h3>
<p>Some banks have also facilitated their voice assistants to provide suggestions to their customers regarding whether they are saving enough for retirement or not. These assistants are equipped with machine learning skills which help to provide suggestions on rebalancing the savings and fixed deposit accounts, and also to guide customers to save on best interest rates.</p>
<h3><strong>4. Identity verification.</strong></h3>
<p>Some banks have used “voiceprints” of their customers for security and identity verification as well. Barclays lately has used “voiceprint” for identity verification via their mobile app. This service creates a digital profile of the customer’s voice using data gathered during the course of three phone calls.</p>
<p>When customers call to use the bank’s services, the technology can identify them from the first few words they speak. Mimicking the voice of another person can’t trick the system. Using voice recognition can speed up the log-in process, eliminating the need to type a password every login attempt.</p>
<h3><strong>5. Voice used to transfer money or report lost cards.</strong></h3>
<p>Santander allows its customers a special voiceprint app called SmartBank.  People can use voice recognition technology to perform multiple important tasks including making payments and transferring money or reporting a lost or stolen ATM and credit card. The app also provides instant bank statements within a specific time frame or with a specific retailer.</p>
<h3><strong>6. Login into account by Voice. </strong></h3>
<p>HSBC has developed a banking app to help customers to log in by giving their birthdate and account details and then saying “my voice is my password” into the mobile device. This digital voice piece is recorded in the app and reused for verification whenever a customer tries to log into their account. The company says it gauges 100 different characteristics of the human voice to verify a user’s identity. HSBC is also updating its voice-driven AI recognition software.</p>
<p>They claim that the app is still more secure than traditional PINs and passwords. But unlike with basic authentication, if your account is hacked, your biometric password&#8211;whether voice, fingerprint, or facial recognition&#8211;can&#8217;t be changed. And these are not all. There are several other services that have used these voice-based assistants and smart speakers to enhance their customer experience.</p>
<h2>Voice Drive AI works with ML and Data Analytics</h2>
<p><strong>How AI is Creating a Buzz in Banking</strong> <strong>Artificial intelligence</strong> combined with <strong>Machine Learning</strong> and <strong>Data Analytics</strong> has made it possible for technology to understand and meet the needs of customers before they even ask. Combining machine learning with <strong>AI and cognitive technologies</strong> makes it even more effective in processing large volumes of information. Banks have started working on creating such smart voice assistants that are trained and supervised to read a large volume of data.</p>
<p>Careful injections of constant machine learning combined with cloud computing have brought major changes in the banking industry culture.</p>
<p>Banks are now more suited not only to resolve customer queries but also manage banking operations with proactive intelligence. Voice recognition systems have brought forth a great deal of convenience for bank customers. This system allows for converting text to speech so customer requests are understood in natural language.</p>
<p>The machine learning capability further allows the system to understand not only the consumer&#8217;s requests but also understand their spending behavior and decode human emotions within real-time limits.</p>
<p>Though security and adaptability are two major items posed against this rising technology in banking, they are still looked forward to as revolutionary changes. They offer unbelievable convenience while executing functions such as digital transactions, payments, loan processes, and deposits without having to engage in personal interactions.</p>
<p>Nuance was the first pioneer to introduce machine learning systems, though with limited audio and text capabilities. Apple’s Siri became the first technology to support this interactive algorithm with more mature potential. However, the success of voice assistant software has now led to fundamentally changing the way customers interact with financial organizations and bank commerce.</p>
<h3><strong>Security: The Biggest Question- Answered or Not?</strong></h3>
<p>Asking Google Home, Alexa, or Siri about the weather or music is one side of the coin. On the other side, individuals can ask these voice assistants about their other account balance or transfer money using a previously set-up four-digit code. Because smart speakers are still relatively new, there are still concerns regarding strangers hearing personal information in public; but industry experts agree solutions will emerge as these assistants mature with time and technology. Voice technology in banking has very low usage and adaptability, but it is sure to take off in the next couple of years.</p>
<p>Today, only two percent of respondents have used their voice to pay bills, and only one percent has transferred money to a friend through any type of device. However, the use of voice payments will nearly quadruple over the next five years to reach 31% of US adults — or 81 million consumers — by 2022, BI Intelligence estimates. <strong>Hire a Voice Skill Developer at Beyond Key Now!</strong></p>
<h2>Final Thought: Voice-Driven AI</h2>
<p>Voice-based skills development can do wonders for your business, whether it’s in banking or any other sector. At <a href="https://www.beyondkey.com/"><strong>Beyond Key</strong></a>, we have been developing voice-based skills for more than 2 years, and have a team of developers who are experts in developing and delivering new generation solutions with voice-enabled services. Are you searching for a voice-enabled skill developer for your business? Your search can end here! Reach out to us at <a href="mailto:contact@beyondkey.com">contact@beyondkey.com</a> today!</p>
<p>The post <a href="https://www.beyondkey.com/blog/redefine-banking-e-commerce-with-voice-driven-ai/">Redefine Banking E-commerce with Voice-driven AI</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
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		<title>How Wearables Will Take Home Automation to the Next Level</title>
		<link>https://www.beyondkey.com/blog/how-wearables-will-take-home-automation-to-the-next-level/</link>
		
		<dc:creator><![CDATA[Taha Siddiqui]]></dc:creator>
		<pubDate>Thu, 06 Sep 2018 05:54:19 +0000</pubDate>
				<category><![CDATA[IoT & Cognitive]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Alexa]]></category>
		<category><![CDATA[IoT]]></category>
		<category><![CDATA[Smart home automation]]></category>
		<category><![CDATA[smart watch]]></category>
		<category><![CDATA[voice technology]]></category>
		<category><![CDATA[Wearable devices]]></category>
		<guid isPermaLink="false">http://beyondintranet.azurewebsites.net/?p=193</guid>

					<description><![CDATA[<p>As smart home device manufacturers continue to explore appliances and devices that can be controlled remotely, we move closer to making our homes a little more magical. By combining wearable technology and smart home automation...</p>
<p>The post <a href="https://www.beyondkey.com/blog/how-wearables-will-take-home-automation-to-the-next-level/">How Wearables Will Take Home Automation to the Next Level</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="bsf_rt_marker"></div><p>As smart home device manufacturers continue to explore appliances and devices that can be controlled remotely, we move closer to making our homes a little more magical. By combining <strong>wearable technology and smart home automation technology</strong>, it’s easy to envision a more productive and convenient home. Although smart appliances in homes are relatively new, their usage is growing quickly, and this trend is expected to continue to grow significantly over the next few years. Wearable devices could be used to seamlessly connect to smart environments, allowing consumers to save a lot of time around the house.</p>
<p>One such convenience we’ve brought into your smart home automation world is the “Smart door application”.<br />
<strong>Smart Door App </strong>is a companion app to an existing garage door opener that securely allows one or more users to open, close, and monitors their garage door from anywhere in the world.</p>
<p>If you are using your old garage door remote control, you might know they frustration in using them. Some of those frustrations we face often include:</p>
<ul>
<li>We need to get extra remotes for family members, service persons, or tenants</li>
<li>We have to carry the garage remote on a walk around your neighborhood or bicycle ride</li>
<li>We lose or break them</li>
<li>We forget to replace the batteries and only realize when it’s too late</li>
<li>Garage remotes get stolen out of parked cars giving criminals access to homes</li>
</ul>
<p>So your <strong><a href="https://www.beyondvoice.ai" target="_blank" rel="noopener noreferrer">Voice technology</a> enabled Smart door application for Home Automation</strong> is a <strong>simple yet robust solution</strong> for all these problems.</p>
<p><strong>Benefits:</strong></p>
<p>People have always reported that they forget to close the garage door and remember when they are in bed and ready to go to sleep. They have to rush out of bed in the middle of the night to check if the garage door is closed or open. Or they’re away from home automation and have an unexpected visitor who needs access to their home or car but they have no way to do so.</p>
<p>In all such situations, you have just one buddy, and it’s none other than <strong><a href="https://www.beyondkey.com/" target="_blank" rel="noopener noreferrer">Beyond Key’s</a> amazing voice-based wearable app called Smart Door App</strong>. Let’s look into the other benefits of this app:</p>
<ol>
<li><strong><br />
CONVENIENCE<br />
</strong>Open or close your garage door with just your voice. Simply speak into your Apple Watch, Android Smart Watch, Alexa, or Google Assistant to place your command in the app. Once pairing is done, you don’t even need your smartphone near your wearable device or assistant.</li>
<li><strong><br />
PEACE OF MIND<br />
</strong>Check the door status from anywhere, anytime, and see how much time has passed since the last event. Get notifications if your door opens or closes without your knowledge. No one other than permitted users can operate the door.</li>
<li><strong><br />
INTEGRATION OPTIONS<br />
</strong>Easy integration of the app is available with smart assistants like Google Home and Amazon Alexa. Customized integration possibilities are on-demand with your choice of gadget.</li>
<li><strong>SECURITY AND TRUST</strong><br />
For user authentication and login permissions, the application relies on advanced encryption and authentication protocols similar to those used for banking transactions.</li>
<li><strong><br />
COMPATIBILITY<br />
</strong>This application is compatible with most garage door openers available in the market. Works well with iOS and android watches and phones.</li>
<li><strong>AFFORDABILITY</strong><br />
Reasonable price quotes with all the available features to ensure you don’t break the bank. Additionally, any customization you need can be made a priority and development can be done within a stipulated time frame and budget.</li>
</ol>
<p><strong>How does it work?</strong></p>
<ul>
<li>When any voice command is given to the app using a smartwatch, Alexa, or Google Assist, it is transmitted securely to the device which in turn will activate your garage door opener.</li>
<li>After the status of the door is validated by the app, an audio status response is also played back to the user.</li>
<li>The status of the door is displayed on your smartwatch.</li>
<li>Push notifications are displayed to update the status of the garage door to users.</li>
<li>An interactive interface is developed in the new build-up which enables the smartwatch app to play voice audio asking the user permission before activating the garage door.</li>
</ul>
<p><strong>What is the future?</strong></p>
<p>Connectivity is the core result of IoT, and wearable devices are one of the keys to this technology’s expansion throughout our communities. If you look at predictions by the technology analysis company CCS, they have said that 95 million wearable devices will be sold this year, which will increase to 185 million devices by 2021. This impressive growth, combined with continuing IoT innovations and developments, makes it clear that the future of wearable devices connected to smart environments is right around the corner.</p>
<p>We are witnessing the integration of wearables in the smart home automation, where a smartwatch on our wrist can adjust the room temperature, turn on lighting, open and close doors, receive notifications from security systems, control other smart home devices, and much more all by listening to simple voice commands. We have been working on this smart home concept and wearable devices for the last two decades, and we’re still only in the beginning stages of this technological revolution. Expect significant growth, changes, and iterations in the coming months and years.</p>
<p>The post <a href="https://www.beyondkey.com/blog/how-wearables-will-take-home-automation-to-the-next-level/">How Wearables Will Take Home Automation to the Next Level</a> appeared first on <a href="https://www.beyondkey.com/blog">Beyond Key</a>.</p>
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