For the Third Consecutive Year, Verint AI and Analytics Solutions Receive Perfect Customer Satisfaction Scores in New Interaction Analytics Report

Rhea-AI Summary

Verint (NASDAQ: VRNT) announced that its AI and analytics solutions received perfect scores in 24 customer satisfaction categories according to DMG Consulting's 2021/2022 Interaction Analytics Product and Market Report. The report highlights Verint's substantial market share and year-over-year customer growth. Verint's analytics solutions excelled in product capabilities, effectiveness, and vendor satisfaction, particularly in areas such as AI, sentiment analysis, and support for remote agents. This recognition underscores Verint's commitment to enhancing customer experience through advanced analytics.

Positive

• Achieved perfect scores in all 24 customer satisfaction categories.
• Largest market share by customer number in the industry.
• Greatest year-over-year increase in customer numbers among vendors in the report.
• Top scores in AI and machine learning capabilities, accuracy, and sentiment analysis.

Negative

• None.

Verint^® (NASDAQ: VRNT), The Customer Engagement Company^™, today announced its artificial intelligence (AI) and analytics solutions achieved perfect scores in all 24 customer satisfaction categories for vendor satisfaction, product capabilities and product effectiveness in DMG Consulting LLC’s new 2021/2022 Interaction Analytics (IA) Product and Market Report.^* In addition, Verint represents the largest market share by number of customers and achieved the greatest year-over-year increase in number of customers among vendors named in the report’s market activity analysis.

DMG’s report focuses on contact center and service-related uses of interaction analytics. The report highlights the increasing value of operationalizing the findings from interaction analytics for voice of the customer (VoC), quality management (QM), customer journey analytics and the customer experience. It also explores how the value and benefits of IA increase substantially when this technology is embedded in third-party applications to enrich their outputs and findings.

“Interaction analytics follows conversations as customers pivot from one channel to another, providing necessary insights into all touchpoints in the customer journey,” said Donna Fluss, president, DMG Consulting. “These solutions enable companies to alter the outcome of customer conversations, responding with real-time alerts and next-best-action guidance to agents, regardless of where they are located.”

Verint Analytics solutions received:

• Top customer satisfaction scores for product capability criteria including AI and machine learning (ML) capabilities, accuracy and tuning capabilities, real-time capabilities, emotion detection, and sentiment analysis.
• Top customer satisfaction scores for product effectiveness criteria including ability to identify and mitigate pandemic related impacts for customers, ability to support work at home/remote agents and ability to actively and passively capture the voice of the customer.
• Top customer satisfaction scores for vendor satisfaction criteria including overall vendor satisfaction, product innovation, implementation, ongoing service and support, and professional services.

The report reviewed Verint’s Speech and Text Analytics, Contextual Real-Time Guidance, Analytics-Enabled Quality Management and Experience Management applications. Verint Speech and Text Analytics automatically analyzes and identifies trends, themes, emotion, sentiment and the root causes driving customer interactions, including voice calls and unstructured text such as chat in order to proactively respond to issues and act on opportunities that enhance the customer experience and support business objectives.

“Speech and text analytics solutions provided critical insights over the past year—enabling customers to adapt to the dynamics of interactions and respond to issues in real time,” says Verint’s Celia Fleischaker, chief marketing officer. “We are committed to continually innovating to help drive insights and value across the organization to create better customer experiences.”

Visit Verint Speech Analytics and Verint Text Analytics.

About Verint Systems Inc.

Verint^® (Nasdaq: VRNT) helps the world’s most iconic brands – including over 85 of the Fortune 100 companies – build enduring customer relationships by connecting work, data and experiences across the enterprise. The Verint Customer Engagement portfolio draws on the latest advancements in AI and analytics, an open cloud architecture, and The Science of Customer Engagement^™ to help customers close the engagement capacity gap.

Verint. The Customer Engagement Company^™. Learn more at Verint.com.

*Source: DMG Consulting LLC, 2021/2022 Interaction Analytics Product and Market Report, May 2021

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2021, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, THE CUSTOMER ENGAGEMENT COMPANY, BOUNDLESS CUSTOMER ENGAGEMENT, THE ENGAGEMENT CAPACITY GAP and THE SCIENCE OF CUSTOMER ENGAGEMENT are trademarks of Verint Systems Inc. or its subsidiaries. Verint and other parties may also have trademark rights in other terms used herein.

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FAQ

What did Verint announce in its latest press release?

Verint announced that its AI and analytics solutions received perfect scores in 24 customer satisfaction categories in DMG Consulting's 2021/2022 Interaction Analytics Product and Market Report.

What is Verint's market share position according to DMG Consulting?

Verint has the largest market share by customer number and recorded the greatest year-over-year increase in customer numbers among vendors analyzed.

What areas did Verint excel in according to the DMG report?

Verint excelled in product capabilities, effectiveness, and vendor satisfaction, particularly in AI, sentiment analysis, and support for remote agents.

How did Verint's analytics solutions perform in customer satisfaction?

Verint's analytics solutions received top satisfaction scores for various criteria, including AI capabilities and real-time analytics.