E-commerce CRO

Five9 launches new AI product to elevate customer experiences

Five9, a prominent cloud contact center vendor, has introduced a groundbreaking AI tool called Five9 AI Knowledge, expanding its Genius AI Suite to significantly enhance customer experiences. This innovative solution leverages Generative AI and extensive contextual data insights to provide instant responses to customer inquiries, thereby overcoming the limitations of conventional systems reliant on static FAQs.

Unlike many existing AI tools that fail to meet the dynamic needs of businesses, Five9 AI Knowledge allows for real-time synthesizing of information from an organization’s comprehensive knowledge sources. This capability ensures that live and virtual agents can deliver the most relevant answers, improving customer satisfaction and engagement.

Callan Schebella, Executive Vice President of Product Management at Five9, emphasized the transformative potential of AI in customer experience (CX) and acknowledged the challenges organizations face in effectively utilizing these technologies. He stated, “Many organisations still struggle with how to use AI effectively… We guide customers in every step to successfully implement and evolve solutions that map to their business needs.”

The Five9 Genius AI process consists of four key steps: Listen, Analyze, Tailor, and Apply. This systematic approach helps organizations identify valuable AI use cases and ensures swift implementation. The first stage, Listen, focuses on understanding customer engagement through various channels, applying solutions like Five9 VoiceStream to establish a solid data foundation.

In the Analyze step, tools like Five9 AI Insights scrutinize the organization’s data to generate actionable insights. The Tailor phase empowers companies to create custom AI models using their unique contextual data, all while adhering to data security protocols. Finally, the Apply stage integrates AI seamlessly across CX operations, enhancing engagement with personalized interactions through a suite of native AI products.

As noted by Maribel Lopez, Founder of Lopez Research, in today’s competitive CX landscape, businesses must adopt a data-driven strategy and utilize a robust AI toolkit to achieve desired outcomes. The Five9 AI Knowledge product is currently in preview and will officially launch in Q4 2024, promising to revolutionize how enterprises engage with their customers and navigate the complexities of the AI landscape.