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Innovative technologies like ML, Intelligent Automation, and Contact Center AI are helping businesses thrive and succeed in a post-pandemic world. As per Statista , The global AI market is projected to explode to $126 Billion by 2026 from $17B in 2020. – Salesforce. – Salesforce. The Future of AI in CX.
The market is experiencing a major shift from the self-service systems of old—touch-tone-based or speech-enabled interactive voice response systems (IVRs)—to the new generation of conversational artificialintelligence (AI)-based IVAs. Interactive voice response systems were effective for what they were intended to do in the past.
With the increasing significance of ArtificialIntelligence in customer engagement, more businesses are adopting conversational AI. billion by 2026. These efforts are based on a combination of AI, NLP and Machine Learning (ML). On the one hand, 69% of consumers prefer using chatbots to get instant responses ( Source ).
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