Telecom Giant Saves Millions with Verint AI-Powered Virtual Assistant

In a groundbreaking move that has reshaped its customer service operations, a leading telecommunications company has successfully integrated Verint’s Intelligent Virtual Assistant (IVA) into its contact center’s telephony self-service system. By transitioning from their outdated interactive voice response (IVR) technology to Verint’s advanced AI solution, the company substantially boosted its self-service containment rate and transformed its customer service experience. Handling more than seven million calls each year across various service areas such as billing, payments, appointment management, tech support, and outages, the company faced a monumental task in ensuring efficient and effective customer interactions.

Since implementing Verint IVA, the telecom company achieved a self-service containment rate of over 50% overall, and an impressive 80% for billing inquiries alone. This shift allowed the company to manage 3.5 million calls without the need for human agents, resulting in significant annual savings exceeding $10.5 million. Verint’s technology, which is based on advanced conversational AI, continuously learns and improves, offering consumers precisely tailored and relevant responses—even in complex scenarios. Heather Richards, Verint’s Vice President of Go-to-Market Strategy, emphasized the remarkable impact of their AI-powered self-service bots on delivering strong business outcomes.

This case exemplifies a growing trend in the telecommunications industry: leveraging artificial intelligence to drive efficiency and cost savings in customer service operations. As more organizations recognize the benefits of replacing legacy systems with modern AI solutions, Verint’s successful implementation highlights the transformative potential of intelligent virtual assistants. By adopting this innovative technology, the telecom giant not only enhanced its customer service experience but also unlocked substantial financial benefits, showcasing the profound impact of AI-powered solutions in today’s digital age.

Explore more

How Do BISOs Help CISOs Scale Cybersecurity in Business?

In the ever-evolving landscape of cybersecurity, aligning security strategies with business goals is no longer optional—it’s a necessity. Today, we’re thrilled to sit down with Dominic Jainy, an IT professional with a wealth of expertise in cutting-edge technologies like artificial intelligence, machine learning, and blockchain. Dominic brings a unique perspective on how roles like the Business Information Security Officer (BISO)

Ethernet Powers AI Infrastructure with Scale-Up Networking

In an era where artificial intelligence (AI) is reshaping industries at an unprecedented pace, the infrastructure supporting these transformative technologies faces immense pressure to evolve. AI models, particularly large language models (LLMs) and multimodal systems integrating memory and reasoning, demand computational power and networking capabilities far beyond what traditional setups can provide. Data centers and AI clusters, the engines driving

AI Revolutionizes Wealth Management with Efficiency Gains

Setting the Stage for Transformation In an era where data drives decisions, the wealth management industry stands at a pivotal moment, grappling with the dual pressures of operational efficiency and personalized client service. Artificial Intelligence (AI) emerges as a game-changer, promising to reshape how firms manage portfolios, engage with clients, and navigate regulatory landscapes. With global investments in AI projected

Trend Analysis: Workplace Compliance in 2025

In a striking revelation, over 60% of businesses surveyed by a leading HR consultancy this year admitted to struggling with the labyrinth of workplace regulations, a figure that underscores the mounting complexity of compliance. Navigating this intricate landscape has become a paramount concern for employers and HR professionals, as legal requirements evolve at an unprecedented pace across federal and state

5G Revolutionizes Automotive Industry with Real-World Impact

Unveiling the Connectivity Powerhouse The automotive industry is undergoing a seismic shift, propelled by 5G technology, which is redefining how vehicles interact with their environment and each other. Consider this striking statistic: the 5G automotive market, already valued at billions, is projected to grow at a compound annual rate of 19% from 2025 to 2032, driven by demand for smarter,