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Purpose-built AI builds better customer experiences

In the bygone era of contact centers, the customer experience was tethered to a singular channel the phone call. The journey began with a pre-recorded message prompting the customer to press a number corresponding to their query. Today’s contact centers have evolved from the confines of just traditional phone calls to multiple channels from emails to… ....

United States , United Kingdom , Laurel Ruma , Michele Carlson , Business Lab , Im Laurel Ruma ,

Scaling customer experiences with data and AI

Today, interactions matter more than ever. According to data compiled by NICE, once a consumer makes a buying decision for a product or service, 80% of their decision to keep doing business with that brand hinges on the quality of their customer service experience, according to NICE research. Enter AI. “I think AI is becoming… ....

Laurel Ruma , Andy Traba , Business Lab , Im Laurel Ruma , Microsoft Copilot ,

Data at the center of business

With more than 5,000 branches across 48 states and 80 million customers, each with its own unique requirements to satisfy its customers’ financial needs, a clear data strategy is key for JPMorgan Chase. According to Mark Birkhead, firm-wide chief data officer at JPMorgan Chase, data analytics is the oxygen that breathes life into the firm… ....

Mark Birkhead , Sandy Pentland , Laurel Ruma , Business Lab , Media Lab , Im Laurel Ruma , Chase Analytics , Wealth Management ,

Providing the right products at the right time with machine learning

Whether your favorite condiment is Heinz ketchup or your preferred spread for your bagel is Philadelphia cream cheese, ensuring that all customers have access to their preferred products at the right place, at the right price, and at the right time requires careful supply chain organization and distribution. Amid the proliferation of e-commerce and shifting… ....

United States , Laurel Ruma , Kraft Heinz , Jorge Balestra , Kraft Heinz Company , Heinz Kraft Company , Business Lab , Infosys Topaz , Im Laurel Ruma , North America ,

Building innovation with blockchain

In 2015, JPMorgan Chase embarked on a journey to build a more secure and open wholesale banking. For chief technology officer at Onyx by J.P.Morgan, Suresh Shetty, investing in blockchain, a distributed ledger technology in its early days, was about ubiquity. “We actually weighted ubiquity in terms of who can use the technology, who was… ....

Suresh Shetty , Laurel Ruma , Jpmorgan Chase To State Bank , Business Lab , Vijaya Bank , Im Laurel Ruma , State Bank , Standard Chartered , Blockchain Launch ,