Five9 Extends its Practical AI Solutions for Low-Code Development, Voice Biometrics, Real-Time Analytics and Agent Coaching

Rhea-AI Summary

Five9, Inc. (NASDAQ: FIVN) has announced enhancements to its cloud contact center platform, aimed at streamlining the deployment of AI solutions for customers and agents. New features include an upgraded no-code IVA development platform, Five9 Inference Studio, and over 40 pre-built IVA application templates specifically designed for healthcare and health insurance. These improvements are expected to facilitate quicker innovation and integration of AI technologies, improving customer and agent interactions within contact centers.

Positive

• Launch of an upgraded no-code IVA development platform, enhancing ease of use for non-technical users.
• Access to over 40 pre-built IVA application templates, particularly beneficial for healthcare and health insurance sectors.
• Integration of partner solutions for real-time speech analytics, biometric authentication, and agent coaching, boosting AI capabilities.

Negative

• None.

Five9, Inc. (NASDAQ: FIVN), an industry leading provider of the intelligent cloud contact center, today announced a number of platform enhancements that make it easier to deploy customer-and-agent-facing AI solutions in the contact center. The new capabilities simplify and speed up the development of Five9 Intelligent Virtual Agents (IVAs), include a suite of pre-built IVA applications for healthcare and health insurance providers, and extend the availability of partner solutions for voice biometrics, real-time speech analytics, and agent coaching.

These features are designed to help businesses easily deploy an AI-powered digital workforce that can provide a more secure, efficient and engaging customer experience alongside live contact center agents.

“Reimagining the customer experience will require organizations to reimagine their workforces,” said Callan Schebella, EVP, Product Management, Five9. “Our new capabilities make it easier for organizations to build and manage AI solutions that will enable human and digital teams to deliver next-generation customer care.”

Low-Code / No-Code Gets a New Look

To ease the deployment of self-service channels, Five9 has rearchitected its no-code IVA development platform, Five9 Inference Studio. Studio allows business users to develop IVAs with minimal technical experience and provides access to a broad range of leading conversational AI technologies from Google, Amazon, IBM Watson, and more.

The enhanced Studio platform includes:

• A new user interface design that simplifies development and maximizes developer best practices
• The ability to load IVA tasks more quickly and support larger applications
• A customized development process for messaging applications such as WhatsApp
• Improved monitoring, reporting and maintenance of IVA tasks and call flows

“IVAs will increasingly be a significant part of every organization’s workforce,” said Jim Lundy, Founder, CEO and Lead Analyst, Aragon Research. “With Studio, Five9 offers a comprehensive and intuitive service creation environment that non-technical personnel can use to define, build, train and maintain their IVA applications. This reduces the cost and complexity of launching IVA solutions and allows organizations to bring new innovations to market more quickly.”

IVA ‘App Store’ Goes Vertical

Studio further streamlines IVA development by providing access to a Task Library, similar to an app store, of more than 40 pre-built IVA application templates. Organizations can use the templates as blueprints for their own customized IVA deployments. The healthcare and health insurance templates are the library's first suite of verticalized tasks, and Five9 will continue adding applications for key industries such as retail and financial services.

The healthcare and health insurance task suite includes:

• Healthcare FAQ
• Test Results
• Health Plan Enrollment
• Prescription Management
• Appointment Scheduling

AI and Live Agents Working Together

Complementing the Task Library additions is the availability of the first five Five9 partner solutions for contact center AI developed via Five9 VoiceStream. VoiceStream is a set of RESTful APIs that provide real-time audio streams, CTI events and metadata for agent-customer call interactions. It allows accredited Five9 ISV Partners who provide biometrics, real-time speech analytics and agent coaching applications to integrate their solutions with the Five9 Intelligent Cloud Contact Center.

The following partner applications powered by Five9 VoiceStream are now available to Five9 customers:

• CallMiner Alert for real-time agent guidance
• Cogito Dialog for behavioral coaching
• ValidSoft VoiceID for biometric authentication
• Voci Transcribe by Medallia for real-time voice transcription
• XSELL HiPer for real-time agent coaching

“These VoiceStream-powered applications are the first of many, as an increasing number of ISV partners plan to develop and release AI solutions using the APIs,” Schebella said. “The combination of IVAs, alongside access to analytics and data from live agent feeds, support the Five9 mission of providing practical AI and automation solutions that can power the multi-modal workforce of the future.”

Click here for more information about solutions for scaling an AI-powered digital workforce in the contact center. Five9 will also host in-depth discussions on this topic during the 2021 CX Summit on September 1 and 2. Click here to register.

About Five9

Five9 is an industry-leading provider of cloud contact center solutions, bringing the power of cloud innovation to more than 2,000 customers worldwide and facilitating billions of call minutes annually. The Five9 Intelligent Cloud Contact Center provides digital engagement, analytics, workflow automation, workforce optimization, and practical AI to create more human customer experiences, to engage and empower agents, and deliver tangible business results. Designed to be reliable, secure, compliant, and scalable, the Five9 platform helps contact centers increase productivity, be agile, boost revenue, and create customer trust and loyalty.

For more information, visit www.five9.com.

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FAQ

What new features has Five9 announced for its cloud contact center platform?

Five9 announced enhancements including an upgraded no-code IVA development platform and over 40 pre-built IVA application templates.

How will the new capabilities impact customer experience?

The new features are designed to facilitate quicker deployment of AI solutions, improving both customer and agent interactions.

What specific industries will benefit from Five9's new IVA templates?

The new IVA templates are particularly tailored for the healthcare and health insurance industries.

What company ticker is associated with Five9?

Five9 is listed under the ticker symbol FIVN.

What is Five9's strategy for integrating AI in contact centers?

Five9 aims to combine Intelligent Virtual Agents with live agent support to enhance customer care and streamline operations.