Back to blogs

Next-Generation Customer Self-Service, Empower your Customers & Enhance their Experience

In today's hyper-connected world, where consumers value efficiency and instant solutions, customer self-service has become a crucial aspect of a business's customer experience strategy.

January 22, 2024

A satisfied customer sitting in a room, holding a phone, is pleased with the self-service provided by engaging in a conversation with the intelligent AI chatbot.
TL;DR Summary
Why is AI important in the banking sector? The shift from traditional in-person banking to online and mobile platforms has increased customer demand for instant, personalized service.
AI Virtual Assistants in Focus: Banks are investing in AI-driven virtual assistants to create hyper-personalised, real-time solutions that improve customer experiences.
What is the top challenge of using AI in banking? Inefficiencies like higher Average Handling Time (AHT), lack of real-time data, and limited personalization hinder existing customer service strategies.
Limits of Traditional Automation: Automated systems need more nuanced queries, making them less effective for high-value customers with complex needs.
What are the benefits of AI chatbots in Banking? AI virtual assistants enhance efficiency, reduce operational costs, and empower CSRs by handling repetitive tasks and offering personalized interactions
Future Outlook of AI-enabled Virtual Assistants: AI will transform the role of CSRs into more strategic, relationship-focused positions while continuing to elevate the customer experience in banking.
Why is AI important in the banking sector?The shift from traditional in-person banking to online and mobile platforms has increased customer demand for instant, personalized service.
AI Virtual Assistants in Focus:Banks are investing in AI-driven virtual assistants to create hyper-personalised, real-time solutions that improve customer experiences.
What is the top challenge of using AI in banking?Inefficiencies like higher Average Handling Time (AHT), lack of real-time data, and limited personalization hinder existing customer service strategies.
Limits of Traditional Automation:Automated systems need more nuanced queries, making them less effective for high-value customers with complex needs.
What are the benefits of AI chatbots in Banking?AI virtual assistants enhance efficiency, reduce operational costs, and empower CSRs by handling repetitive tasks and offering personalized interactions.
Future Outlook of AI-enabled Virtual Assistants:AI will transform the role of CSRs into more strategic, relationship-focused positions while continuing to elevate the customer experience in banking.
TL;DR

Why Customer Self-Service Matters Today

In today's hyper-connected world, where consumers value efficiency and instant solutions, customer self-service has become a crucial aspect of a business's customer experience strategy.

It is often believed that Customer always expect human interventions for every services, but in reality todays digital customer dont always want to reach to the support agent to get assistance, they would rather just get answers on their own & get on with their day. Today’s Digital customer no more want to wait in queues to get the solution, they would simply value the company that values their time and provides quick solutions.

Self-service channels can handle large volumes of customer inquiries faster, reducing resolution times and wait times, along with automating repetitive tasks, frequently asked questions & any monotonous work, freeing up human agents for complex issues.

With today’s Self-Service tools, customer self-service isn’t relegated to one platform. 73% of customers prefer to resolve issues themselves (Source: Zendesk Self-Service Benchmark Report) through self-service channels. A customer can chat with a bot on your website, get service from the mobile app or simply visit browse on web

Why customer self-service is becoming increasingly important?

In today's digital age, customers expect to be able to get help quickly and easily. Self-service is a great way to meet those expectations and provide a positive customer experience. Additionally, self-service can help businesses save money and improve operational efficiency.

  • The rise of the digital customer: More and more customers are using digital channels to interact with businesses. This means that businesses need to offer self-service options on these channels.
  • Increased digital adoption: Consumers are increasingly comfortable using technology to find information and solve problems.
  • The demand for convenience: Customers are busy and they don't want to waste time waiting on hold or searching for information. Self-service gives them the ability to get help on their own terms.
  • The cost of customer service: Customer service can be expensive. Self-service can help businesses reduce their customer service costs by deflecting calls and emails to self-service channels.

Benefits of self service for both organsation and customers 

For organisation, the benefits of self-service include:

There are many benefits to both businesses and customers when it comes to customer self-service. Some of the benefits for businesses include:

  • Reduced costs: Deflecting calls to live agents through self-service can save businesses up to $11 per interaction reducing customer support costs by 30% or more (Forrester Research and Oracle study)
  • Increase sales: The quick access to information not only increases resolution rate & customer experince services who might opt for other options if dissatisfied, but also enhances conversions by making customers feel prioritized ultimately confident in their purchases.
  • It can help businesses grow: Self-service can help businesses scale their customer support operations and handle a larger volume of customers.
  • It can help businesses compete: Businesses that offer self-service can differentiate themselves from their competitors and provide a better customer experience.
  • Increased customer satisfaction & experience: Companies with strong self-service options see a 6% increase in customer satisfaction scores (Aberdeen Group Report), When customers can find the information they need quickly and easily, they are more likely to be satisfied with their experience.

For customers, the benefits of self-service include:

  • 24/7 availability: 67% of customers expect 24/7 self-service support (Microsoft Customer Service Trends Report 2023), without having to wait on hold or track down a customer service representative, breaking free from the constraints of traditional support hours. This also caters to diverse customer time zones and preferences.
  • Faster resolution times: Customers can often resolve simple issues themselves, without having to wait for a human agent to help them.
  • Empowerment and Convenience: Self-service gives customers the freedom and autonomy to resolve issues at their own pace, fostering a sense of independence and convenience, leading to stronger brand loyalty
Check out these relevant self-service options organizations can offer to provide quick, accessible support and query resolution to customers

Unlock Exceptional Self-Service: From Good to WOWing

To maximize The benefits of self-service, businesses must offer a variety of self-service options: Cater to different customer preferences by providing a combination of resources like FAQs, knowledge bases, chatbots, Community Forums and IVR systems. Give your customers the tools, resources, and personalized guidance they need to resolve issues seamlessly, learn new things, and feel valued.

Organizations must recognize self-service as a strategic tool to enhance customer satisfaction. By providing relevant, user-friendly options and avoiding common pitfalls, organizations can transform their customer service landscape and build lasting relationships with their clientele.

Bad Practise VS. Good Practise to serve self-service for your Customers
Bad Practise VS. Good Practise to serve self-service for your Customers

How Fluid AI can help you to enhance your customer self-service

Boost Customer Satisfaction:

  1. Smart chatbots: Fluid AI has brought intelligent AI-powered chatbot that provide instant, personalized, and effortless self-service to your customers. Swiftly handling customer queries, troubleshooting issues, product-related information, summarizing long complex processes, personalized assistance, & manage wide range of tasks efficiently
  2. Use-friendly interface: Fluid AI ensures easy-to-navigate & use chatbots for both customers & enterprise internal operations, so they can get an assistant without any hesitation or frustration, making self-service accessible to everyone.

Always Available, Always Informed:

  1. 24/7/365 Support: Offer quick, round-the-clock access to all the information, insights, helping your customers to solve their issues quickly & immediately enhance their experience with the organization.
  2. Up-to-date information: Ensure readily available, accurate, and up-to-date information relevant to users needs with easy updation of the AI knowledgebase, ensuring your customers receive the latest and most helpful information.

Intelligence You Can Trust:

  1. Power of technology: These smart chatbots are powered by Natural Language Processing & Generative AI, with the capabilities of understanding & responding to customer queries, along with handling the contextual flow of the conversation, ensuring successful issue resolution.
  2. Automated personalize responses: These chatbots can have personalized conversations with the users by validating their personal details & assisting them with the information they require with the secure connection of API's.

Scalability That Grows with You:

  1. Scalability: Fluid AI chatbots are easily scalable to handle increased interaction & query handling as your business grows to handle large volumes without compromising on quality or response times. This means happier customers and less pressure on your human agents.
  2. Seamlessly integration: Reach your customer wherever they want to- through multiple channels (e.g., website, mobile app, chatting apps like WhatsApp, & more) for maximum convenience and a unified customer experience.

Empower your Agents:

  1. Easy connection with humans for any complex issues: combine self-service with live agent support, allowing customers to seamlessly switch between channels depending on their needs & complexity of issues.
  2. Increase your agents productivity: reducing their reliance on handling basic monotonous queries on live agents can help them focus on conversions, handling complex matters, and rewarding work, potentially leading to staffing optimization.

Security You Can Count On:

  1. Security: Data privacy is paramount. Enterprise GPT offers unmatched Enterprise-level security features to protect your customers & organizations data, with no retention & no training models on organisations private data -build trust, and foster loyalty.

Conclusion: Empower your customer with self-service

Self-service isn't just an option, it's an expectation, it's an important trend that is here to stay, it’s the era of customer preference & convinience. Businesses that are able to effectively implement self-service solutions will be well-positioned to succeed in the competitive customer service landscape.

You can see a significant shift in the customer resolution rate ultimately increasing their experience with the services provided & satisfaction

You have seen organisation experience a significant shift in their customer resolution rate ultimately, customers enjoying the services provided, making them brand loyal and increase in repeat business.

The business value proposition is undeniable. From cost reduction and increased efficiency to improved customer satisfaction and valuable data insights, self-service empowers businesses to thrive in today's competitive landscape. By investing in a robust self-service strategy, organizations can unlock new levels of success and build lasting relationships with their customers.

Implementing a robust self-service system showcases a business's commitment to customer-centricity and technological advancement.

At Fluid AI, we stand at the forefront of this AI revolution. Let's connect to explore how we can help upgrade your customer journey by enhancing self-service with intelligent and smart technology that will increase productivity for your organization and improve customer experience with your services, book a free demo call with us today.

Unlock Your Business Potential with AI-Powered Solutions
Request a Demo

Join our WhatsApp Community

AI-powered WhatsApp community for insights, support, and real-time collaboration.

Thank you for reaching out! We’ve received your request and are excited to connect. Please check your inbox for the next steps.
Oops! Something went wrong.
Join Our
Gen AI Enterprise Community
Join our WhatsApp Community

Tired of your data gathering dust ?
Lets put it to work with AI

Talk to our Enterprise GPT Specialists!

Fluid AI’s Agentic AI Enterprise Platform: Live Flow Building

Register Now!
x