The average worker spends 42% of their working hours collaborating and communicating with colleagues or third parties, and 83% communicate better using digitalized solutions. Here, third parties refer to suppliers, customers, and clients who transact with an organization. Generally, the collaborative process involves the transfer of sensitive information or data sets among collaborators. Hence, effective and secure communication processes are required.
The past few years have shown that when digital communication and collaboration channels data breach or experience downtime, they can have devastating consequences. For large enterprises, these consequences include losing customer trust, reputational loss, and approximately $4 million in mitigating data theft. On the other hand, globally, 60% of small and medium-sized businesses go out of business when breaches occur in their collaborative processes. In Singapore, 24% of organizations experience financial loss after a data breach.
Since Chat GPT and its alternatives became mainstream, many view generative AI as an oracle that generates answers to complex questions. However, Generative AI has spawned many tools to ease collaborative efforts within the digital workforce. Today, 92% of workers utilizing AI in digital workspaces speak of its positive impact on their ability to work. Leveraging AI, they have been able to:
1. Streamline Internal Communication and Collaboration
AI simplifies and speeds up the process of gathering, integrating, and transcribing information from diverse sources. Hence, it provides workers with quick, accurate insights from multiple data sources to share with collaborative teams. Leveraging AI reduces the need to execute repetitive research and helps create quality work such as presentations, technical documentation, and sales pitches. Access to quality content ensures information is easily shared and understood, as the case of TechFlow highlights.
TechFlow, an IT firm with a global presence, utilizes a digital workforce to ease internal collaborations. Despite embracing digitalization, dispersed teams from different time zones regularly misunderstood themselves and experienced communication delays, which affected productivity. The company integrated AI to implement its intelligent communication policy to deal with these challenges. The AI assistant monitored conversations, tracked live meetings, extracted data, researched, and answered queries concerning TechFlow’s business policies. Leveraging AI helped its employees follow communication guidelines, access, and share information with colleagues in real time.
2. Streamline Customer Support and Third-Party Communication
Insight into customer likes, shopping, and behavioral patterns provides organizations with the tools to improve the services and support they offer. AI and automation solutions enable enterprises to turn customer data into the insight needed to deliver optimized services. For example, a large corporation with 5000 customer service agents wanted to reduce its resolution times and agent attrition rate. Leveraging AI, the company reduced the time spent resolving individual queries by 9%. Implementing AI also reduced its customer service attrition rate and requests to speak to a manager by 25%.
Another example is Seller Genius, an Amazon-related brand. SellerGenius helps sellers utilize Amazon’s marketplace as a selling platform. The company developed AI assistants using NLP to help Amazon sellers resolve customer queries. With AI automated assistance, sellers could answer queries in real-time and provide efficient support to paying customers, increasing customer satisfaction by 40%.
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