Search

NICE Reveals Two New AI Announcements

The News: NICE launched two new AI-related initiatives, ElevateAI Every Day and the Enlighten Actions Industry Benchmarks.

The Elevate AI Every Day initiative promises to give broader AI access to all customer sizes, permitting 1,000 interactions per day of free-AI-driven transcription services and CX AI models. Read the full Press Release on this initiative here.

The second announcement centered around the introduction of Enlighten Actions Industry Benchmarks, which allows customers to see how they compare against others in key metrics and service insights by using generative AI. The full Press Release on the Industry Benchmarks is on the NICE website.

NICE Reveals Two New AI Announcements

Analyst Take: NICE’s announcement of ElevateAI’s 1K Every Day initiative, will result in broader access to its on-demand AI services to a wider variety of organization sizes. The program allows for up to 1,000 free transcriptions and CX insights daily.

ElevateAI has an open and flexible infrastructure that can integrate with any technology stack and developers can gain instant access via an API. According to NICE, the AI that ElevateAI leverages is trained on the world’s largest CX dataset, encompassing billions of interactions.

ElevateAI offers high transcription accuracy from a variety of inputs and the ability to make custom CX models that could include insights on sentiment.

Image Source: NICE

This offer of 1,000 free interactions is certainly eye catching for developers who want to give it a try and should help lower the barrier for many contact centers to see how AI will provide benefit through time efficiencies and potentially improved customer experience.

The NICE announcement around industry benchmarking also centers around AI. Enlighten Actions Industry Benchmarks will use large language models (LLMs), enabling users to interact with their data conversationally to uncover how they measure up to others in the industry. Enlighten Action is itself, an AI-powered solution that uses natural, conversational language to mine data, provide reports, build knowledge articles, and create responses.

This benchmarking enhancement has data from 75 different industries and comparisons can be made against a customer’s specific vertical. The benchmarked interaction level data is anonymized and relates to call reasons, handle time, CSAT, agent behaviors, complaints, sales effectiveness, scheduling levels, training, and automation.

Benchmarking continues to be an area of focus for contact centers who are always trying to walk the line of squeezing out efficiencies while providing a good customer experience. Having easy to access data, specific to its industry, can help uncover challenging areas and prioritize actions to implement.

Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.

Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.

Other insights from The Futurum Group:

Improving Contact Center Experiences via NLP, NLU, and Analytics-Focused AI

Balancing Average Resolution Time With CSAT in the Generative AI Era

Study: Generative AI Is Most Helpful to Less-Skilled Contact Center Workers

Author Information

As a detail-oriented researcher, Sherril is expert at discovering, gathering and compiling industry and market data to create clear, actionable market and competitive intelligence. With deep experience in market analysis and segmentation she is a consummate collaborator with strong communication skills adept at supporting and forming relationships with cross-functional teams in all levels of organizations.

She brings more than 20 years of experience in technology research and marketing; prior to her current role, she was a Research Analyst at Omdia, authoring market and ecosystem reports on Artificial Intelligence, Robotics, and User Interface technologies. Sherril was previously Manager of Market Research at Intrado Life and Safety, providing competitive analysis and intelligence, business development support, and analyst relations.

Sherril holds a Master of Business Administration in Marketing from University of Colorado, Boulder and a Bachelor of Arts in Psychology from Rutgers University.

SHARE:

Latest Insights:

Organization Seeing Success with RISE and GROW with SAP
Keith Kirkpatrick and Daniel Newman at The Futurum Group, share their insights on SAP’s Q2 2024 results fueled by strong cloud revenue growth, significant customer wins, AI integration, and strategic restructuring efforts.
Nivas Iyer, Sr. Principal Product Manager at Dell Technologies, joins Paul Nashawaty to discuss the transition from VMs to Kubernetes and the strategies to overcome emerging data storage challenges in modern IT infrastructures.
Shimon Ben David, CTO at WEKA, joins Dave Nicholson and Alastair Cooke to share his insights on how WEKA's innovative solutions, particularly the WEKApod Data Platform Appliance, are revolutionizing storage for AI workloads, setting a new benchmark for performance and efficiency.
The Futurum Group team assesses how the global impact of the recent CrowdStrike IT outage has underscored the critical dependency of various sectors on cybersecurity services, and how this incident highlights the vulnerabilities in digital infrastructure and emphasizes the necessity for robust cybersecurity measures and resilient deployment processes to prevent widespread disruptions in the future.