MELVILLE, N.Y., March 15, 2018 — Verint® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company™, today announced new customer self-service capabilities, including intelligent virtual assistants (IVAs) and enterprise chatbots powered by an open, modular Artificial Intelligence (AI) engine. Verint is a recognized leader and innovator with a broad portfolio of self-service solutions, including IVAs, voice self-service (interactive voice response), web self-service and customer communities, all powered by knowledge management to drive consistent experiences across channels.
According to Gartner, “By 2022, it will be far more common for a video-based customer support agent to also share the user interface, or for a chatbot to be used by the customer support agent while conversing with the customer. Because of this, we expect the interaction proportions of human and artificial agents to be 36% human agent intervention/participation and 85% software (a combination of self-service and software used simultaneous with the human agent engagement).”1 Of that figure, 64% will be completely customer self-service and an additional 21% will include some level of agent-assisted self-service.2
Self-service solutions are also becoming more intelligent with new AI technology and analytics. Virtual assistant technology is projected to play an increasing role in this shift, making automation a key enabler to smart, anytime service that increases first contact resolution, reduces contact volumes that escalate to agents, and frees employees to focus on more complex engagement that requires a human touch. In fact, according to Forrester, “Companies that master the interplay between AI, automation and human relationships will dominate their industries.”3
“Verint is unique in that we offer our customers solutions to simplify, modernize and automate customer engagement, including strong AI-based self-service solutions across both voice and digital channels,” notes Verint’s Michael Southworth, general manager, intelligent self-service. “Our offerings provide real-time shared intelligence across self-service, assisted-service and the broader enterprise, powering collaboration and enabling smarter, faster decisions that drive better customer and business outcomes.”
Advancements in Verint’s self-service offerings were recently recognized when the company received a Kachina Award from Saddletree Research. In this annual recognition program, Verint was awarded the top honor for “achievement in self-service solutions” based on market leadership and excellence in product development, innovation, differentiation, performance and customer success.4
Intelligent Virtual Assistants and Enterprise Chatbots Deliver Smarter, Faster Experiences
Verint Intelligent Virtual Assistant™ enables companies to engage at critical moments to help customers make a purchase, get more information or resolve an issue—all while receiving a high-quality experience. Comprehending contextual information, the Verint Intelligent Virtual Assistant provides personalized answers based on the customer’s prior purchases, location and other factors. The end result: customers experience higher goal completion rates with a user experience that’s better, smarter and faster, and that involves less effort. Businesses benefit too, realizing greater self-service utilization across all channels, translating into higher automation and lower escalation rates.
Verint Intelligent Virtual Assistant is powered by an open, modular AI engine that gives enterprises the ability to manage, extend and scale the solution. The accompanying tools, analytics and an extensive set of training data put the enterprise in control of the conversational AI that drives the Verint solution. Its modular architecture provides investment protection as AI technology advances and integration requirements evolve.
To learn more about Verint Self-Service offerings, click here.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimisation, security intelligence, and fraud, risk and compliance. Today, over 10,000 organisations in more than 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.
Sources: 1, 2 Gartner, “Plan Now for Critical Shifts in Customer Interaction Patterns,” June 27, 2017. 3 Forrester, “Five Key CRM Trends for 2018 That Shape How Companies Drive Relationship and Revenue” Vision: The CRM Playbook, January 16, 2018. 4 Saddletree Research, Kachina Awards, November 2017.
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, 2017, our Quarterly Report on Form 10-Q for the quarter ended October 31, 2017, 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.
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