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

Thematic

The text analytics market is expected to skyrocket from around $29 billion to over $78 billion in the next few years. Understanding the Text Analytics Market At its core, text analytics is all about turning unstructured text—like customer feedback, emails, support tickets, and social media posts—into something useful.

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Generative AI in Contact Centers: The Tech and Use Cases Driving a Revolution in Customer Service

Calabrio

In the process, the contact center AI market is expected to nearly triple in size between 2025 and 2030 as organizations expand investments, tools and capabilities multiply, and new challenges come and go. Assistance Tools Support Agents in Real Time Equip your agents with a real-time co-pilot.

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Why 90% of Global Businesses Will Use AI Translation in Customer Support

CSM Magazine

Providing exceptional customer support requires clear and accurate communication, yet language barriers often stand in the way. Traditionally, companies have relied on human translators or multilingual support teams, but these methods are costly, slow, and difficult to scale. The Growing Need for AI in Customer Support 1.

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Can AI Really Handle Customer Complaints in a Call Center? The Truth Businesses Need to Hear

NobelBiz

Lets dive into how AI is reshaping customer support, five surprising insights most businesses overlook , and what five world-class experts have to say about AIs future in complaint resolution. from 2025 to 2030.- “AI is a powerful ally in contact centers, but it shines brightest when supporting human agentsnot replacing them.

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What is Text Analytics? Your Beginner’s Guide to Transforming Data into Insight

Thematic

In fact, its market reflects a growing demand with its global market expected to grow to $14.68 billion by 2030. IT teams use it to prioritize recurring issues found in support tickets. Personalized Marketing Customers love it when you know what they need. Text analytics will only grow in importance.

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Build financial search applications using the Amazon Bedrock Cohere multilingual embedding model

AWS Machine Learning

For example, in the financial services industry, applications include extracting insights from earnings reports, searching for information from financial statements, and analyzing sentiment about stocks and markets found in financial news. The endpoint also comes with multilingual support.

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Comparing Outsourcing Quotes: 8 Things to Look Out For

Magellan Solutions

As stated in the 2019 ISG Momentum® Market Trends & Insights Geography Report , more than 90% of the top 2000 global corporations have arrangements for IT outsourcing in 2019. It is predicted that the rate of growth of business process outsourcing will be higher than 9% each year until 2030. Its market value in 2016 was US$106.46