New Harvard Business Review Analytic Services Report Outlines Key Challenges in Customer Engagement and Experience Management

Rhea-AI Summary

Verint highlights the significance of AI-driven technologies to enhance customer engagement in a post-pandemic world. A report shows that 82% of executives acknowledge growing challenges in managing customer interactions. Verint aims to address these issues with digital-first customer engagement solutions, promoting AI and cloud-based transformations. The report emphasizes the need for companies to synchronize communication across channels for better customer satisfaction. Upcoming webinars will discuss key insights and strategies for leveraging digital engagement.

Positive

• 82% of executives recognize increasing challenges in customer engagement, indicating a growing market need.
• Verint's AI-powered digital engagement solutions are designed to improve customer interactions and outcomes.
• Companies are rapidly adopting digital-first strategies, suggesting potential revenue growth for Verint.

Negative

• None.

Verint Customers Embrace an Array of AI-Powered Technologies to Meet Customer Demands and Ramp Up Digital Agility at Scale in the Post-Pandemic Era

MELVILLE, N.Y.--(BUSINESS WIRE)-- Businesses increasingly see customer engagement as a competitive differentiator, especially in the post-pandemic era. Yet, the large majority of executives worldwide (82%) believe the challenges to managing engagement with customers will only grow, according to a Verint-sponsored report by Harvard Business Review Analytic Services.

As businesses approach their third year affected by the pandemic, the report, Automating and Scaling the Soft Skills Critical to Customer Experience in a Digital World, highlights how companies are finding ways to better know their customers, engage effectively with them, and deliver improved business outcomes.

R “Ray” Wang, founder, CEO, chairman, and principal analyst at Constellation Research, says customers are expecting the various parts of a company to speak with a singular voice. “If your channels aren't in sync – if the customer's interactions with your contact center, your mobile app, and your website aren't in sync – the customer won't have patience for that,” says Wang. “They'll move on.”

Ritu Jyoti, group vice president for worldwide artificial intelligence and automation research at IDC, recommends companies pursue AI- and cloud-powered digital transformation. “This is no longer a choice,” Jyoti says. “AI-powered digital transformation, in the cloud, is the number one tool in your arsenal for gaining a competitive advantage, at least from a technology perspective.”

Powered by advanced artificial intelligence (AI), digital-first customer engagement solutions deliver human-like conversations across every channel, provide real-time resolutions to the customer, support valuable agents, and drive positive, measurable business outcomes.

Alight is the leading cloud-based provider of integrated digital human capital and business solutions. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. The organization has developed a sophisticated chatbot called “Lisa” that uses natural language processing – a form of AI – to respond to inquiries from its customers.

“Lisa is supported with a team that's constantly reviewing data behind the scenes, evaluating how we're answering questions, and the relevancy of our answers, and also providing insights into where we might want to create new topics or enhance existing ones by adjusting our algorithms,” says Ibrahim Khoury, Alight’s director of product development.

“We’re seeing a rapid transformation in the way organizations interact with customers,” says Verint’s Heather Richards, vice president, go-to-market, digital-first engagement. “The pace of digital adoption and consumer expectations are unprecedented, and this report outlines why companies are moving forward with digital-first strategies to improve interactions and customer engagement.”

Alight’s Ibrahim Khoury, Verint’s Heather Richards and HBR’s Alex Clemente will outline the top takeaways from the report and share how companies are rapidly adopting digital-first customer engagement solutions and adapting to changing customer expectations on a webinar, “Improving Customer Experience in a Digital-First World,” at 1 p.m. ET on January 20, 2022.

About Verint

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.

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, our Quarterly Report on Form 10-Q for the quarter ended October 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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Amy Curry

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Matthew Frankel

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Source: Verint

FAQ

What does the recent Verint report indicate about customer engagement challenges?

The Verint report reveals that 82% of executives believe challenges in managing customer engagement will increase.

How is Verint addressing customer engagement in the post-pandemic era?

Verint is promoting AI-driven digital customer engagement solutions to help businesses improve interactions.

When will the webinar on digital-first customer engagement take place?

The webinar titled 'Improving Customer Experience in a Digital-First World' is scheduled for January 20, 2022, at 1 p.m. ET.

What technologies are recommended for competitive advantage in customer engagement?

The report suggests pursuing AI and cloud-based digital transformation as essential tools for gaining competitive advantage.