Since the release of ChatGPT in late 2022, companies have considered many use cases for Generative AI within the enterprise. ChatGPT’s generative AI capabilities ignited significant interest in the potential for Large Language Models (LLMs) within the enterprise, particularly in customer service applications. Customer service became a focal point of GenAI applications because these applications significantly enhance customer service representative productivity. Boston Consulting Group estimates that fully implemented LLM-powered customer service solutions can boost rep efficiency by 30-50%, a compelling prospect for any organization.
Meanwhile, a survey of customer service leaders conducted in 2022 found that 95% of those leaders believed that their customers would be served by an AI bot within 3 years (i.e., by 2025).
Recognizing the substantial productivity gains offered by GenAI, companies are embracing its integration into customer care at an accelerated pace. While risks and challenges remain, the potential benefits continue to drive this rapid adoption.
Real-world data demonstrates the tangible benefits of GenAI-powered chatbots for early adopters. While optimal design involves considerations like fine-tuning or Retrieval Augmented Generation (RAG), the underlying framework is established and well understood.
Infinitive’s unique blend of industry expertise, business acumen, and technical prowess empowers companies to harness GenAI’s potential for superior customer service solutions, navigating both opportunities and challenges with confidence.
Call 703-554-5500 or write us don.rippert@infinitive.com to discuss your Generative AI strategy.
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