W&F Issue 6 2018

www.wealthandfinance-news.com 30 Wealth & Finance International - Issue 6 2018 Invoca, the call intelligence company, announced on the 11th June 2018 that over two million phone conversations have been analysed by its award- winning machine learning solution, Signal AI, since launching last year. Invoca customers including Frontier Communications and Starkey Hearing Technologies are using Signal AI to uncover new opportunities to boost marketing ROI and improve the customer experience. Starkey Hearing Technologies has been using Signal AI to identify the caller’s actions that most often result in a purchase. “The conversion data that we are now getting from our calls has allowed us to optimize our marketing strategies to precisely retarget customers in real-time, which has reduced our spend and increased conversion rates,” said Colleen Farrell, manager of retail marketing at Starkey. Frontier Communications, the nation’s largest pure-rural communication company, has been using Invoca Signal AI to analyse conversations in real-time to understand buyer intent. This helps them understand why certain callers aren’t buying, whether it’s because of pricing, competitor offers, or other reasons. This gives them the insight needed to create personalized offers that are more likely to drive conversions. “Using Signal AI, our marketing team has been able to begin classifying our interactions with consumers by the intent of their call, as well as analyse the outcomes of the call and the root causes for those outcomes,” said Bryan Flores, AVP of media and analytics at Frontier Communications. “By relating that information back to the different types of consumers, we are able to identify patterns in needs and behaviours. This can be leveraged for treatment purposes to either improve the experience of existing customers or the purchase process for our prospects.” Invoca Signal AI adds the power and scale of machine learning to Invoca’s call intelligence platform. With Signal AI, marketers can uncover insights from customer phone conversations that previously required an expensive and slow process of manually listening in and classifying call outcomes. Signal AI automatically analyses the entire context of the conversation for language patterns, identifying customer intent, behaviours, and call outcomes. Marketers can get started in seconds by using one of Invoca’s out-of-the-box pre trained signals, or create custom signals to address more specific business needs. This AI-powered intelligence can then be pushed to Google, Facebook, Adobe Experience Cloud, and Salesforce Marketing Cloud, making it simple for marketers to connect phone calls to the entire digital customer journey. “While there’s a lot excitement and buzz around AI, I think there’s a feeling among marketers that Invoca Signal AI Call Intelligence Solution Surpasses 2 Million Phone Conversations Analysed Users of Invoca’s machine learning-powered call analytics see significant increases in ROI and reduced marketing spend in a short timeline. “We’re excited about the future of AI at Invoca, and have made investments in our product and data science team...” the path to ROI is unclear and that it’s difficult to implement,” said Nathan Ziv, VP of product at Invoca. “With our Signal AI product, we’ve seen the opposite — our customers have gotten up and running right away with little additional effort, and driven significant results within weeks of turning it on.” Ziv added, “We’re excited about the future of AI at Invoca, and have made investments in our product and data science team to ensure we’re bringing the most cutting edge technology to our customers.” Invoca’s ground breaking AI technology earned it a place on the CB Insights AI 100 list, which recognized just six companies globally in the marketing, sales, and CRM category.