Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Interactions Secures Patent for Intent and Entity Recognition, Real-Time Sentiment Understanding to Uplevel Customer Experience

Proprietary speech understanding technology significantly enhances and streamlines customer service

Interactions, the world leader in conversational artificial intelligence (AI),  announced that it has acquired another landmark patent. Extracting Natural Language Semantics From Speech Without the Use of Speech Recognition, Interactions’ 125th patent, introduces new technology for intent and entity recognition, including real-time sentiment understanding. This seminal development will empower today’s most forward-thinking brands to better understand and serve their customers with Interactions’ industry-leading AI.

Recommended AI News: Dell Technologies Storage Software Innovations Power New Levels of Automation, Security and Multi-Cloud Flexibility

The new patent addresses major deficiencies in the traditional speech understanding technologies that underpin many AI-powered customer experience platforms. Existing systems typically rely on a two-step speech understanding process: audio transcription first, and analysis second. This results in increased error frequency for virtual agents, and frustratingly long lag times for callers waiting on the other end of the line.
In contrast, Interactions’ breakthrough technology has transformed speech understanding into a one-step process, autonomously retrieving the audio and immediately extracting and labeling its meaning. By optimizing across both speech recognition and natural language understanding (NLU), Interactions unlocks real-world benefits for customers and companies alike.

Related Posts
1 of 41,011

Recommended AI News: Qeexo, and Bosch Enable Developers to Quickly Build and Deploy Machine-Learning Algorithms to Bosch AI-Enabled Sensors

Customers see greater efficiency, accuracy and seamlessness in their transactions. Businesses using Interactions’ solutions, including several of the world’s most admired brands, see significant cost savings due to the increased automation. Moreover, the patent’s capabilities can be broadened to identify any attribute from speech, including not only a speaker’s intent, but also their emotional state and select demographic information. This presents an unprecedented opportunity for companies to understand and adapt to their customers during each conversation.
“This patent is a watershed moment—not just for Interactions, but for every business committed to improving its customer experience,” said Dr. Srinivas Bangalore, SVP of AI at Interactions. “As consumers, we’re all too familiar with customer-service frustrations. Interactions knows that it doesn’t have to be this way. Our new proprietary technology helps some of today’s most impactful brands simplify and expedite their transactions, save money and get a better picture of how a caller is feeling at every step of the way. There’s huge potential here—and customers and companies alike are going to feel the difference.”
Already, Interactions is deploying the technology for name, email and postal address speech recognition for multiple companies. The resulting return on investment is significant, both for improving overall CX and driving cost savings for the business.

Recommended AI News: Basetwo Launches No-Code Artificial Intelligence Platform for Pharmaceutical Manufacturing, Raises $3.8 Million

[To share your insights with us, please write to sghosh@martechseries.com]

Comments are closed.