Download or read book Artificial Intelligence for Customer Relationship Management written by Boris Galitsky and published by Springer. This book was released on 2021-01-08 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research monograph brings AI to the field of Customer Relationship Management (CRM) to make a customer experience with a product or service smart and enjoyable. AI is here to help customers to get a refund for a canceled flight, unfreeze a banking account or get a health test result. Today, CRM has evolved from storing and analyzing customers’ data to predicting and understanding their behavior by putting a CRM system in a customers’ shoes. Hence advanced reasoning with learning from small data, about customers’ attitudes, introspection, reading between the lines of customer communication and explainability need to come into play. Artificial Intelligence for Customer Relationship Management leverages a number of Natural Language Processing (NLP), Machine Learning (ML), simulation and reasoning techniques to enable CRM with intelligence. An effective and robust CRM needs to be able to chat with customers, providing desired information, completing their transactions and resolving their problems. It introduces a systematic means of ascertaining a customers’ frame of mind, their intents and attitudes to determine when to provide a thorough answer, a recommendation, an explanation, a proper argument, timely advice and promotion or compensation. The author employs a spectrum of ML methods, from deterministic to statistical to deep, to predict customer behavior and anticipate possible complaints, assuring customer retention efficiently. Providing a forum for the exchange of ideas in AI, this book provides a concise yet comprehensive coverage of methodologies, tools, issues, applications, and future trends for professionals, managers, and researchers in the CRM field together with AI and IT professionals.

Download or read book Artificial Intelligence for Customer Relationship Management written by Boris Galitsky and published by Springer Nature. This book was released on 2020-12-07 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research monograph brings AI to the field of Customer Relationship Management (CRM) to make a customer experience with a product or service smart and enjoyable. AI is here to help customers to get a refund for a canceled flight, unfreeze a banking account or get a health test result. Today, CRM has evolved from storing and analyzing customers’ data to predicting and understanding their behavior by putting a CRM system in a customers’ shoes. Hence advanced reasoning with learning from small data, about customers’ attitudes, introspection, reading between the lines of customer communication and explainability need to come into play. Artificial Intelligence for Customer Relationship Management leverages a number of Natural Language Processing (NLP), Machine Learning (ML), simulation and reasoning techniques to enable CRM with intelligence. An effective and robust CRM needs to be able to chat with customers, providing desired information, completing their transactions and resolving their problems. It introduces a systematic means of ascertaining a customers’ frame of mind, their intents and attitudes to determine when to provide a thorough answer, a recommendation, an explanation, a proper argument, timely advice and promotion or compensation. The author employs a spectrum of ML methods, from deterministic to statistical to deep, to predict customer behavior and anticipate possible complaints, assuring customer retention efficiently. Providing a forum for the exchange of ideas in AI, this book provides a concise yet comprehensive coverage of methodologies, tools, issues, applications, and future trends for professionals, managers, and researchers in the CRM field together with AI and IT professionals.

Download or read book Adoption and Implementation of AI in Customer Relationship Management written by Singh, Surabhi and published by IGI Global. This book was released on 2021-10-15 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integration of artificial intelligence (AI) into customer relationship management (CRM) automates the sales, marketing, and services in organizations. An AI-powered CRM is capable of learning from past decisions and historical patterns to score the best leads for sales. AI will also be able to predict future customer behavior. These tactics lead to better and more effective marketing strategies and increases the scope of customer services, which allow businesses to build healthier relationships with their consumer base. Adoption and Implementation of AI in Customer Relationship Management is a critical reference source that informs readers about the transformations that AI-powered CRM can bring to organizations in order to build better services that create more productive relationships. This book uses the experience of past decisions and historical patterns to discuss the ways in which AI and CRM lead to better analytics and better decisions. Discussing topics such as personalization, quality of services, and CRM in the context of diverse industries, this book is an important resource for marketers, brand managers, IT specialists, sales specialists, managers, students, researchers, professors, academicians, and stakeholders.

Download or read book Artificial Intelligence for Customer Relationship Management written by Boris Galitsky and published by Springer Nature. This book was released on 2020-12-23 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second volume of this research monograph describes a number of applications of Artificial Intelligence in the field of Customer Relationship Management with the focus of solving customer problems. We design a system that tries to understand the customer complaint, his mood, and what can be done to resolve an issue with the product or service. To solve a customer problem efficiently, we maintain a dialogue with the customer so that the problem can be clarified and multiple ways to fix it can be sought. We introduce dialogue management based on discourse analysis: a systematic linguistic way to handle the thought process of the author of the content to be delivered. We analyze user sentiments and personal traits to tailor dialogue management to individual customers. We also design a number of dialogue scenarios for CRM with replies following certain patterns and propose virtual and social dialogues for various modalities of communication with a customer. After we learn to detect fake content, deception and hypocrisy, we examine the domain of customer complaints. We simulate mental states, attitudes and emotions of a complainant and try to predict his behavior. Having suggested graph-based formal representations of complaint scenarios, we machine-learn them to identify the best action the customer support organization can chose to retain the complainant as a customer.

Download or read book Artificial Intelligence as an Additional Tool in Customer Relationship Management and the Impact after the COVID 19 Crisis written by Leonard Rupperti and published by GRIN Verlag. This book was released on 2022-12-16 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masterarbeit aus dem Fachbereich Informatik - Künstliche Intelligenz, , Sprache: Deutsch, Abstract: The aim of the research of this present work is to answer which criteria make an AI-driven CRM successful, what opportunities and challenges there are, and how the general population assesses this topic. Furthermore, it is important to see that the corona pandemic is having an impact on the use of AI. For this purpose, the following two research questions were asked. How does AI strengthen the customer relationship CRM? Will the Corona pandemic accelerate the use of AI? To answer the research questions, a quantitative study on people's current opinions and attitudes towards AI and how it will change as a part of the outbreak of the pandemic was conducted. Specifically, the study deals with artificial intelligence in customer service, the change of AI in companies due to Covid-19 and how people generally view the topic of AI. The participants surveyed were anonymous, of different age groups, occupations, and origins, as this topic affects everyone today and it is important to pay attention to the opinion of the general population. The targeted use of artificial intelligence in customer relationship management to make the work of companies and their employees more efficient and of higher quality, also about the customer, is on the rise. More and more sales are generated by this technology and more and more AI-controlled tools are being developed which make customer management more successful and thus intensify the relationship between customers and companies. Thus, it is necessary to understand such technologies and how they are designed, but also what opinion the general society has on this rather revolutionary technology.

Download or read book Artificial Intelligence for Marketing Management written by Park Thaichon and published by Taylor & Francis. This book was released on 2022-11-10 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence (AI) has driven businesses to adopt new business practices rapidly, enhance product development and services, has helped to power AI-based market intelligence and customer insights, and improve customer relationship management. This timely book addresses the use of AI in marketing. This book also explores the dark side of AI in marketing management and discusses ethics and transparency of automated decision-making in AI applications, data privacy, cyber security issues, and biases in various facets of marketing. Emerging applications of AI such as DeepFakes which use deep learning technology could increase risks of manipulation and deception. Hence, apart from leveraging AI capabilities and advantages, the book cautions the need for prevention strategies to deal with potential issues that could arise from the adoption of AI in marketing management. This book will provide practical insights into the role of AI in marketing management. It will be a useful reference for those researching marketing and marketing professionals.

Download or read book The The Art of CRM written by Max Fatouretchi and published by Packt Publishing Ltd. This book was released on 2019-05-22 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: This CRM masterclass gives you a proven approach to modern customer relationship management Key FeaturesProven techniques to architect CRM systems that perform well, that are built on time and on budget, and that deliver value for many yearsCombines technical knowledge and business experience to provide a powerful guide to CRM implementationCovers modern CRM opportunities and challenges including machine learning, cloud hosting, and GDPR complianceBook Description CRM systems have delivered huge value to organizations. This book shares proven and cutting-edge techniques to increase the power of CRM even further. In The Art of CRM, Max Fatouretchi shares his decades of experience building successful CRM systems that make a real difference to business performance. Through clear processes, actionable advice, and informative case studies, The Art of CRM teaches you to design successful CRM systems for your clients. Fatouretchi, founder of Academy4CRM institute, draws on his experience over 20 years and 200 CRM implementations worldwide. Bringing CRM bang up to date, The Art of CRM shows how to add AI and machine learning, ensure compliance with GDPR, and choose between on-premise, cloud, and hybrid hosting solutions. If you’re looking for an expert guide to real-world CRM implementations, this book is for you. What you will learnDeliver CRM systems that are on time, on budget, and bring lasting value to organizationsBuild CRM that excels at operations, analytics, and collaborationGather requirements effectively: identify key pain points, objectives, and functional requirementsDevelop customer insight through 360-degree client view and client profilingTurn customer requirements into a CRM design specArchitect your CRM platformBring machine learning and artificial intelligence into your CRM systemEnsure compliance with GDPR and other critical regulationsChoose between on-premise, cloud, and hybrid hosting solutionsWho this book is for CRM practitioners who want to update their work with new, proven techniques and approaches

Download or read book Artificial Intelligence Relationship Influence Questions written by Johnny Ch Lok and published by . This book was released on 2019-09-07 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can (AI) be applied to any organization customer service department?Artificial intelligence(AI) comprises a set of technologies that use natural language processing, machine learning, knowledge graphs, and other tools to answer questions, discover insights and provide recommendations. Computer systems can use (AI) hypothesize and formulate possible answers based on available evidence can be trained through the ingestion of vast amounts of content, and automatically adapt and learn from (AI) self mistakes and failures. So, any business organizations (customer service departments) can provide efficient and effective customer relationship management of excellent customer service quality if which applied (AI) technology system. The different type of (AI) systems include: (AI) system platforms, machine learning (AI) based data preparation and enrichment tools, machine vision/image recognition, voice speech recognition, text analysis and natural language processing, bots, e.g. face book website and virtual digital assistance solutions, social media pattern analysis, sentiment analysis, advanced numerical analysis (e.g. IOT streaming, machine logs), supporting technologies, knowledge base dialog management, Q&A processing etc. different (AI) technology system customer relationship management (CRM) tools.(AI) (CRM) of activity can include these categories, such as: corporate marketing, marketing operation, field marketing, customer support, digital commerce, customer analytics, customer influenced product or service design, product or service pricing, finance information, presentation, customer billing, inventory, logistics and fulfilment support, partner management etc. different CRM tools. (AI) technology of CRM has been carrying on plan different stages to achieve CRM personal assistant tool for businesses. The stages are such as, in the beginning stage of (AI) projects in place, implement now, pilot phase next year in the final stage of (AI) customer relationship management tools are foreseeable future. So, this CRM technology has been improved to plan in different stages every year to prepare to achieve full capacity of CRM service quality for businesses to use in the future.Hence, how to develop an estimate prediction of the economic impact (AI) technologies could have CRM activities, which depends on gathering macroeconomic information on business revenue and the basic marketing of business revenue and the basic markup of business expenses by major functions ( customer support, marketing and sales, production etc.)An economic impact model that can gather data together and forecast the results how (AI) artificial intelligence technology brings (CRM) customer relationship management benefits to businesses, e.g. surveys investigation includes IT spending by sample countries, GDP and population estimates and forecasts, revenue per employee and ratios of IT spend to GDP. Surveys ( questionnaire questions) of forecast results are influenced by (AI) impact can include: results are projected from surveys and rely on estimates are made by respondents on the expected financial improvements in categories of (AI) -assisted customer relationship management activities. The forecast assumes that these estimates are correct; financial estimates are based on estimates of "first year" improvement from full (AI) implementation; forecasts are from planning to implement any artificial intelligence of customer relationship management (CRM) projects, the improvement forecast is of categories of activity, e.g. corporate marketing, digital Al commerce, and customer analytics. They are not estimates of ROI for the (AI) software. They rely on conservative estimates to which each of these entities might affect company revenue, expenses or productivity. They also rely on estimates of the penetration of software in customer relationship management activities .

Download or read book Customer Relationship Management written by Francis Buttle and published by Routledge. This book was released on 2009 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title presents an holistic view of CRM, arguing that its essence concerns basic business strategy - developing and maintaining long-term, mutually beneficial relationships with strategically significant customers - rather than the operational tools which achieve these aims.

Download or read book How Artificial Intelligence Influences written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-05-02 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the relationship between (AI) and (CRM)?⦁ Can (AI) technology impact on customer relationship management (CRM) ?Nowadays, (AI) is a technology almost as old as the computer industry itself, it is similar with the advent of personal assistants function to businesses and personal promotion channel, such as ( Amazon's Alexa, Apple's Siri, Google's Assistant) image recognition ( face book), personalized recommendations ( Netflix, Amazon). Those innovations have been driven by a increase in processing power, lower cost hardware, and the exploding creation and availability of data. It seems, (AI) technology can impact global customer service management method.How to forecast economic impact modeling to (AI) will affect global economy? Can human forecast business revenue growth and job creation ( or destruction) based on (AI) applied to customer relationship management (CRM) activities? In addition to the economic impact on (AI) or (CRM) which can include an estimate of the economic impact attributable to sales forces customer base. What can economic benefits be brought to (CRM) from (AI) technology?Artificial intelligence(AI) comprises a set of technologies that use natural language processing, machine learning, knowledge graphs, and other tools to answer questions, discover insights and provide recommendations. Computer systems can use (AI) hypothesize and formulate possible answers based on available evidence can be trained through the ingestion of vast amounts of content, and automatically adapt and learn from (AI) self mistakes and failures. So, any business organizations (customer service departments) can provide efficient and effective customer relationship management of excellent customer service quality if which applied (AI) technology system. The different type of (AI) systems include: (AI) system platforms, machine learning (AI) based data preparation and enrichment tools, machine vision/image recognition, voice speech recognition, text analysis and natural language processing, bots, e.g. face book website and virtual digital assistance solutions, social media pattern analysis, sentiment analysis, advanced numerical analysis (e.g. IOT streaming, machine logs), supporting technologies, knowledge base dialog management, Q&A processing etc. different (AI) technology system customer relationship management (CRM) tools.(AI) (CRM) of activity can include these categories, such as: corporate marketing, marketing operation, field marketing, customer support, digital commerce, customer analytics, customer influenced product or service design, product or service pricing, finance information, presentation, customer billing, inventory, logistics and fulfilment support, partner management etc. different CRM tools. (AI) technology of CRM has been carrying on plan different stages to achieve CRM personal assistant tool for businesses. The stages are such as, in the beginning stage of (AI) projects in place, implement now, pilot phase next year in the final stage of (AI) customer relationship management tools are foreseeable future. So, this CRM technology has been improved to plan in different stages every year to prepare to achieve full capacity of CRM service quality for businesses to use in the future.Hence, how to develop an estimate prediction of the economic impact (AI) technologies could have CRM activities, which depends on gathering macroeconomic information on business revenue and the basic marketing of business revenue and the basic markup of business expenses by major functions ( customer support, marketing and sales, production etc.)

Download or read book Social Customer Relationship Management Social CRM in the Era of Web 4 0 written by Ammari, Nedra Bahri and published by IGI Global. This book was released on 2022-06-24 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of Web 2.0 has led to a rebalancing of power between the customer and the company through the consumer's voice about the brand and referral behavior via electronic word of mouth. Customer opinions within the virtual brand communities can have a vast impact on a company’s sales and image. It is crucial for companies to promote and use customer contributions in order to enhance their brand image, retain customers, and develop their marketing strategy. Social Customer Relationship Management (Social-CRM) in the Era of Web 4.0 provides relevant theoretical frameworks and the latest results of empirical research on the strategic role of marketing 2.0, digital customer experience, and social customer relationship management on social networks. Covering a range of topics such as disruptive marketing, artificial intelligence, and customer behavior, this reference work is ideal for marketers, IT practitioners, CRM specialists, industry professionals, researchers, scholars, practitioners, academicians, instructors, and students.

Download or read book Fuzzy Methods for Customer Relationship Management and Marketing Applications and Classifications written by Meier, Andreas and published by IGI Global. This book was released on 2012-01-31 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores the possibilities and advantages created by fuzzy methods through the presentation of thorough research and case studies"--Provided by publisher.

Download or read book Artificial Intelligence How Impacts written by Johnny Ch LOK and published by . This book was released on 2021-04-24 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can (AI) technology impact on customer relationship management (CRM) ?Nowadays , (AI) is a technology almost as old as the computer industry itself, it is similar with the advent of personal assistants function to businesses and personal promotion channel, such as ( Amazon's Alexa, Apple's Siri, Google's Assistant) image recognition ( face book), personalized recommendations ( Netflix , Amazon). Those innovations have been driven by a increase in processing power, lower cost hardware, and the exploding creation and availability of data. It seems, (AI) technology can impact global customer service management method.How to forecast economic impact modeling to (AI) will affect global economy? Can human forecast business revenue growth and job creation ( or destruction) based on (AI) applied to customer relationship management (CRM) activities? In addition to the economic impact on (AI) or (CRM) which can include an estimate of the economic impact attributable to sales forces customer base. What can economic benefits be brought to (CRM) from (AI) technology?Artificial intelligence(AI) comprises a set of technologies that use natural language processing, machine learning, knowledge graphs, and other tools to answer questions, discover insights and provide recommendations. Computer systems can use (AI) hypothesize and formulate possible answers based on available evidence can be trained through the ingestion of vast amounts of content, and automatically adapt and learn from (AI) self mistakes and failures. So, any business organizations (customer service departments) can provide efficient and effective customer relationship management of excellent customer service quality if which applied (AI) technology system. The different type of (AI) systems include: (AI) system platforms, machine learning (AI) based data preparation and enrichment tools, machine vision/image recognition, voice speech recognition, text analysis and natural language processing, bots , e.g. face book website and virtual digital assistance solutions, social media pattern analysis , sentiment analysis, advanced numerical analysis (e.g. IOT streaming , machine logs), supporting technologies, knowledge base dialog management, Q&A processing etc. different (AI) technology system customer relationship management (CRM) tools.(AI) (CRM) of activity can include these categories, such as: corporate marketing, marketing operation, field marketing, customer support, digital commerce, customer analytics, customer influenced product or service design, product or service pricing, finance information, presentation, customer billing, inventory , logistics and fulfilment support, partner management etc. different CRM tools. (AI) technology of CRM has been carrying on plan different stages to achieve CRM personal assistant tool for businesses. The stages are such as, in the beginning stage of (AI) projects in place, implement now, pilot phase next year in the final stage of (AI) customer relationship management tools are foreseeable future. So, this CRM technology has been improved to plan in different stages every year to prepare to achieve full capacity of CRM service quality for businesses to use in the future.Hence, how to develop an estimate prediction of the economic impact (AI) technologies could have CRM activities, which depends on gathering macroeconomic information on business revenue and the basic marketing of business revenue and the basic markup of business expenses by major functions ( customer support, marketing and sales , production etc.)

Download or read book Handbook of Research on Applied AI for International Business and Marketing Applications written by Christiansen, Bryan and published by IGI Global. This book was released on 2020-09-25 with total page 702 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence (AI) describes machines/computers that mimic cognitive functions that humans associate with other human minds, such as learning and problem solving. As businesses have evolved to include more automation of processes, it has become more vital to understand AI and its various applications. Additionally, it is important for workers in the marketing industry to understand how to coincide with and utilize these techniques to enhance and make their work more efficient. The Handbook of Research on Applied AI for International Business and Marketing Applications is a critical scholarly publication that provides comprehensive research on artificial intelligence applications within the context of international business. Highlighting a wide range of topics such as diversification, risk management, and artificial intelligence, this book is ideal for marketers, business professionals, academicians, practitioners, researchers, and students.

Download or read book Artificial Intelligence in Customer Service written by Jagdish N. Sheth and published by Springer Nature. This book was released on 2023-08-17 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume elucidates how artificial intelligence (AI) can enable customer service to achieve higher customer engagement, superior user experiences, and increased well-being among customers and employees. As customer expectations dictate 24/7 availability from service departments and market pressures call for lower costs with higher efficiency, businesses have accepted that AI is vital in maintaining customer satisfaction. Yet, firms face tough challenges in choosing the right tool, optimizing integration, and striking the appropriate balance between AI systems and human efforts. In this context, chapters in this book capture the latest advancements in AI-enabled customer service through real-world examples. This volume offers a global perspective on this contemporary issue, covering topics such as the use of AI in enhancing customer well-being, data and technology integration, and customer engagement.

Download or read book Augmented Customer Strategy written by Gilles N'Goala and published by John Wiley & Sons. This book was released on 2019-04-26 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital transformation is shaping a new landscape for businesses and their customers. For marketing professionals, advancing technology (artificial intelligence, robots, chatbots, etc.) and the explosion of personal data available present great opportunities to offer customers experiences that are ever richer, more fluid and more connected. For customers, this ecosystem is synonymous with new roles. They are more autonomous and have power alongside the company: they influence, innovate, punish and more. These developments push companies to implement new customer strategies. It is in this context, marked by pitfalls and paradoxes, that the authors of this book reflect on the customer relationship, what it has become and what it will be tomorrow. The book provides practitioners, teacher-researchers and Master's students with a state of the art and a prospective vision of customer relations in a digital world. It is aimed at those who want to gain an up-to-date understanding of the field and find all the keys needed to project themselves into the future.

Download or read book Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship written by Khosrow-Pour, D.B.A., Mehdi and published by IGI Global. This book was released on 2018-11-09 with total page 818 pages. Available in PDF, EPUB and Kindle. Book excerpt: As businesses aim to compete internationally, they must be apprised of new methods and technologies to improve their digital marketing strategy in order to remain ahead of their competition. Trends in entrepreneurship that drive consumer engagement and business initiatives, such as social media marketing, yields customer retention and positive feedback. Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship provides information on emerging trends in business innovation, entrepreneurship, and marketing strategies. While highlighting challenges such as successful social media interactions and consumer engagement, this book explores valuable information within various business environments and industries such as e-commerce, small and medium enterprises, hospitality and tourism management, and customer relationship management. This book is an ideal source for students, marketers, social media marketers, business managers, public relations professionals, promotional coordinators, economists, hospitality industry professionals, entrepreneurs, and researchers looking for relevant information on new methods in digital marketing and entrepreneurship.