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The Explosive Growth of the Text Analytics Market: Trends, Opportunities, and Forecast

Thematic

By 2027, 87% of CX leaders plan to use AI-driven text analytics to power their customer interactions. Text analytics —especially when powered by AI—is changing that. The text analytics market is expected to skyrocket from around $29 billion to over $78 billion in the next few years. Let’s start.

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8 Ways AI is Revolutionizing Customer Insights and Predictive Analytics

Thematic

So, how exactly is AI changing the game for customer insights and predictive analytics? Manually analyzing this data was inefficient, so they turned to AI-powered text analytics to extract meaningful insights. That’s predictive analytics in action—and it’s not just for streaming. Those that don’t?

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Top Ecommerce Growth Strategy Tips to Skyrocket Your Sales

Retently

trillion by 2027 ? Tracking Customer Behavior Platforms like Google Analytics, Hotjar, and Shopify’s built-in analytics can uncover behavioral patterns that aren’t immediately obvious. Or maybe analytics reveal that mobile users struggle during checkout, meaning optimizing your site for mobile can dramatically boost sales.

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Crafting AI Prompts: 5 Expert Tips for Contact Centers

MiaRec

billion (May 2022) to $4 billion by 2027. AI technologies like chatbots, virtual assistants, speech recognition, Interactive Voice Response (IVR), Natural Language Processing (NLP), predictive analytics, and sentiment analysis are quickly becoming integral to contact centers' operations.

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Top 10 ecommerce trends shaping online retail in 2024

delighted

From writing product descriptions to automating customer support queries with chatbots, the opportunities to implement AI are limitless. According to Acxiom, 83% of companies say that using customer data and predictive analytics to improve the customer experience will be a key way to earn customer advantage over the next 5 years.

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Intelligent Automation in Call Centers: A Paradigm Shift in Customer Service Excellence

NobelBiz

The estimated value of the global contact center software market by 2027 is $110 billion , according to Replicant. A Contact Center’s Toolkit of Automation Tools From Interactive Voice Response (IVR) to Chatbots, these innovations drive efficiency, enhance customer interactions, and boost agent performance. alone by 2040.

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How using data analytics in private equity can better inform portfolio strategies in a downturn

West Monroe

Still, not all dealmakers add data analytics capabilities to assess portfolio performance in real-time. online chat bots or streamlined movable apps.) billion by 2027. Leveraging data can help. By connecting people, processes and technology, private equity firms can maximize their portfolio companies’ value.