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NICE Launches CXone Mpower: Revolutionizing Customer Service with Full-Scale Automation

NICE Launches CXone Mpower: Revolutionizing Customer Service with Full-Scale Automation

technology 23 Oct 2024

NICE has launched the next generation of CXone Mpower, a groundbreaking platform designed to deliver full-scale customer service automation. Building upon the robust architecture of CXone, Mpower introduces advanced services that transform traditional customer interactions into predictive, proactive, and automated experiences. This release signifies a new era in customer service, where seamless integration of workflows between front, mid, and back-office, and the orchestration of AI and human agents as one, become a reality.

1. The Shift to Automation: A Business Necessity

  • According to a recent survey of CFOs, 60% of all businesses and 80% of large businesses plan to adopt labor-replacing automation in the next 12 months. Nearly 88% of CFOs cited the need to optimize business processes as their primary motivation for automation. CXone Mpower is designed to exceed these expectations by offering enterprises the ability to automate every touchpoint of the customer service journey, providing true end-to-end CX automation.

2. Advanced Capabilities: Orchestrating AI and Human Agents

  • CXone Mpower builds on the open architecture of CXone, enabling the full orchestration of AI and human agents on a single platform. The platform offers proactive augmentation, equipping employees with an adaptive copilot that enhances workflows and boosts productivity. Additionally, CXone Mpower allows for the rapid development of sophisticated AI agents using domain-specific AI capabilities tailored to customer service.

3. Consolidation of Data and AI Models for Personalized CX

  • One of the standout features of CXone Mpower is the consolidation of data, knowledge, and AI models into a single, intelligent hub. By leveraging NICE’s domain-specific AI models trained in customer service, businesses can unlock the full potential of large language models (LLMs) and inject real-time, contextual insights into every customer interaction, resulting in unmatched personalization and enhanced CX.

4. CXone Mpower: A Game-Changer for Enterprises

  • According to Barry Cooper, President of the CX Division at NICE, “CXone Mpower is delivering something that has never been done before: an AI platform that fully integrates automation across every aspect of customer service, transforming contact centers from cost centers into profit centers.” Cooper highlights that CXone Mpower achieves operational efficiency at an unprecedented scale, providing enterprises with a cutting-edge solution to enhance customer experiences while driving significant business growth.

With the launch of CXone Mpower, NICE sets a new industry standard for customer service automation. By consolidating AI models, enabling seamless human-AI orchestration, and providing tools for rapid AI agent development, CXone Mpower delivers a transformative CX solution that empowers businesses to stay ahead of the curve in the evolving customer service landscape.

IAB Tech Lab Launches

IAB Tech Lab Launches "Ad Format Idol" to Standardize Connected TV Ad Formats

advertising 23 Oct 2024

IAB Tech Lab, the global authority on digital advertising technical standards, has announced its latest initiative, "Ad Format Idol," aimed at standardizing emerging Connected TV (CTV) ad formats. This project is designed to define and streamline common ad formats in CTV environments, facilitating efficient programmatic transactions and enabling broader adoption across the industry with a "build once, serve everywhere" approach.

1. The Need for Standardization in CTV Advertising

  • "CTV is experiencing explosive growth, but we're still in the early innings of figuring out how to make it work at scale," stated Anthony Katsur, CEO of IAB Tech Lab. With numerous new ad formats emerging, many lack the necessary technical standards for widespread adoption. "Ad Format Idol" aims to provide the structure needed for these formats to thrive, drawing from the successful standardization efforts in early web advertising and digital video.

2. Insights from IAB's Latest Report

  • A recent report titled "IAB CTV Video Ad Format Landscape: How Standardization Can Drive Programmatic Growth and Innovation" reveals the rapid growth of new CTV ad formats and the urgent need for standardization to support scalability. The "Ad Format Idol" initiative seeks to standardize the description of these emerging ad formats in the bidstream, ensuring that all parties have the necessary tools to deliver ads at scale and enhancing overall industry efficiency.

3. Addressing Fragmentation in the CTV Ecosystem

  • "With 75% of CTV spend already transacted programmatically, advertisers require standardization to scale investments and improve buying efficiency," explained Cintia Gabilan, VP of Media Center at IAB. The "Ad Format Idol" initiative will help overcome fragmentation, allowing innovative ad formats to thrive across the CTV ecosystem and enabling advertisers to deliver cohesive campaigns.

4. Call for Participation and Evaluation Process

  • The "Ad Format Idol" initiative invites stakeholders from across the digital advertising ecosystem to submit their most successful CTV ad formats for consideration between October 22 and January 22, 2025. Submissions will be evaluated by a Task Force appointed by the Tech Lab's Advanced TV Commit Group. Following the evaluation, updates to the respective specifications will be made by Tech Lab's Advanced TV and Programmatic Supply Chain Working Groups.

5. Exploring Innovative Ad Experiences in CTV

  • As the number of CTV ad formats continues to rise, the industry is experimenting with various new ad experiences, including picture-in-picture ads, pause screen ads, shoppable ads, and "brand bugs." Standardization is crucial for ensuring efficiency and scalability in delivering these experiences, which will otherwise present significant challenges for advertisers and publishers aiming for effectiveness across platforms.

The "Ad Format Idol" initiative marks a significant step toward establishing essential standards in the rapidly evolving CTV advertising landscape. By inviting industry stakeholders to contribute their innovative ad formats, IAB Tech Lab is paving the way for enhanced engagement and effectiveness in CTV advertising. Key industry events, including the International Summit in London and "I Want My CTV" event in New York City, will showcase these initiatives and provide stakeholders with insights into the future of CTV ad formats.

HG Insights Appoints New Leaders to Drive AI-Powered Innovation

HG Insights Appoints New Leaders to Drive AI-Powered Innovation

marketing 22 Oct 2024

HG Insights, a leading provider of data-driven insights for 90% of tech companies in the Fortune 100, has appointed five new leaders. These executives, under the guidance of CEO Rohini Kasturi, will help shape the company's new strategic direction and reinforce its commitment to technological innovation.

  1. New Leadership Team

    • Satish Grandhi, Chief Technology Officer
    • Vibhu Pratap, Chief Development Officer
    • Rajat Bhatnagar, SVP of Business Operations
    • Karthik Pandian, Fellow of AI
    • Yuan Fang, VP of Product
  2. Driving Targeted Growth

    • The newly appointed leaders will focus on strategic areas of growth for HG Insights.
    • Their collective expertise aims to push the boundaries of AI-powered go-to-market solutions.
  3. Statements from Leadership

    • Rohini Kasturi, CEO and Board Member: Welcomed the new team, emphasizing their impressive experience and their potential to lead HG into an era of hypergrowth.
    • Satish Grandhi, CTO: Excited about leveraging AI-powered solutions to drive growth and innovation in the go-to-market technology space.
    • Vibhu Pratap, Chief Development Officer: Eager to scale HG’s platforms and reinforce the company's position as essential to go-to-market teams.
  4. Past Achievements and Ongoing Success

    • HG Insights has maintained strong momentum with continued customer service excellence, evidenced by its third consecutive year on the Inc. 5000 list.
    • The company is positioned for unprecedented growth heading into 2025, bolstered by these key leadership appointments.

With a new leadership team in place and a strong focus on AI-driven solutions, HG Insights is poised to continue its trajectory of innovation and growth, delivering cutting-edge go-to-market insights for technology firms worldwide.

Sitecore Achieves HIPAA Readiness, Empowering Secure Healthcare Experiences

Sitecore Achieves HIPAA Readiness, Empowering Secure Healthcare Experiences

technology 22 Oct 2024

Sitecore, a global leader in digital experience software, has announced that its digital experience platform (DXP), including XM Cloud, Content Hub, Customer Data Platform, and Personalize solutions, is now Health Insurance Portability & Accountability Act (HIPAA) ready. This certification follows an independent audit, marking a significant achievement for Sitecore and its commitment to providing secure, personalized digital experiences for regulated industries.

  1. HIPAA-Ready DXP Solutions

    • Sitecore’s DXP solutions, including XM Cloud, Content Hub, and Personalize, have achieved HIPAA readiness.
    • These platforms enable regulated industries, like healthcare, to deliver engaging and secure digital experiences.
  2. Customer Testimonial: Western Health Advantage

    • Rick Heron, Chief Experience Officer: Highlighted the importance of HIPAA compliance and praised Sitecore’s commitment to supporting regulatory standards, reinforcing their trust in Sitecore's platform.
  3. Expert Insight: Valtech North America

    • John Berndt, SVP for Health: Recognized Sitecore’s continued innovation in safeguarding patient healthcare information while offering personalized digital experiences.
  4. Announcement at Sitecore Symposium

    • Sitecore announced its HIPAA readiness during the Sitecore Symposium, hosted in Nashville.
    • Sessions at the event focused on topics such as creating personalized digital patient experiences and modernizing healthcare marketing technology solutions.
  5. New AI-Enhanced DXP Capabilities

    • Sitecore also unveiled Sitecore® Stream, introducing AI-enhanced capabilities to their composable DXP, further advancing personalization for healthcare providers.
  6. Commitment to Security and Innovation

    • Rohinee Mohindroo, Chief Data and Information Officer: Emphasized Sitecore's leadership in bringing personalized digital experiences to healthcare while adhering to strict security and regulatory standards.

With HIPAA readiness, Sitecore is empowering healthcare providers to create secure, personalized digital experiences for patients. By addressing regulatory compliance and advancing its DXP with AI-driven innovation, Sitecore continues to lead in the healthcare industry.

Emplifi Reveals Key Social Media and Customer Care Insights for Black Friday

Emplifi Reveals Key Social Media and Customer Care Insights for Black Friday

customer engagement 22 Oct 2024

Emplifi, a leading customer engagement platform, has released valuable insights into social media advertising and customer care trends ahead of the Black Friday and Cyber Monday shopping season. These insights are designed to help brands optimize their strategies and address the critical challenges of the holiday season.

  1. Surge in Social Media Ad Spend and Engagement

    • Last year, ad spend on Facebook and Instagram surged by 90% leading up to Black Friday.
    • Click-through rates (CTR) increased to 1.82% during the final five days before Black Friday, indicating higher ad effectiveness closer to the event.
    • Black Friday-themed posts with urgency, like “limited-time offers” or “countdowns,” drove twice as many interactions.
  2. Shortened Holiday Season and Record E-Commerce Sales

    • This year, brands face a shortened holiday season with fewer days between Thanksgiving and Christmas.
    • U.S. ecommerce holiday sales are forecast to surpass $240 billion, marking an 8.4% increase from last year.
  3. Customer Care Challenges and Opportunities

    • Social customer care inquiries rose by 52% in Q4 2023 compared to Q1, highlighting the need for efficient customer service during peak times.
    • Response times, however, dropped by 16%, revealing a critical service gap during the holiday season.
  4. Consumer Pain Points During Black Friday

    • The most frequent complaints revolved around missed sales opportunities and poor customer support.
    • Other common issues included overpriced products, unsatisfactory sales experiences, and online ordering problems.
  5. Recommendations for Brands

    • Allocate a larger portion of the ad budget to the final two weeks before Black Friday, especially the last five days when consumer interest peaks.
    • Ensure seamless collaboration between social media marketing and customer care teams to handle customer inquiries promptly.
    • Utilize tools like chatbots and FAQ pages for self-service options during high-traffic periods to reduce response delays.

Emplifi’s insights underscore the importance of timing, urgency in social media ads, and efficient customer care during Black Friday and Cyber Monday. Brands that optimize their advertising spend and streamline their customer care processes with AI tools will have a competitive edge during the holiday season.

Wondershare Launches Virbo 3.0: AI Tools for Effortless Video Creation

Wondershare Launches Virbo 3.0: AI Tools for Effortless Video Creation

video technology 22 Oct 2024

Wondershare, a global leader in creativity software solutions, has introduced Wondershare Virbo 3.0, the latest update to its AI avatar video generation platform. This major release features three innovative tools AI Montage Maker, URL to Video, and AI Clip Maker empowering users to create professional, high-quality videos with no technical expertise. These enhancements are designed to streamline social media marketing for businesses and e-commerce sellers.

  1. AI Montage Maker

    • Allows users to create professional-grade montage videos in a few clicks.
    • Drag and drop video clips, photos, and music, while Virbo’s AI adds dynamic storytelling, effects, and animations.
    • Ideal for product launches, event recaps, and social media campaigns across platforms like Instagram, TikTok, and YouTube.
  2. URL to Video

    • This feature converts product links or webpage URLs into engaging videos.
    • AI-driven automation generates scripts, captions, and voiceovers, while virtual avatars enhance personalization.
    • Supports over 90 languages, enabling targeted, localized marketing for global audiences.
  3. AI Clip Maker

    • Automatically extracts highlight reels from long-form content like webinars and tutorials.
    • Includes intelligent subtitle matching, sound effects, and transitions for creating dynamic, shareable social media clips.
    • Perfect for repurposing long videos into attention-grabbing content for platforms like Instagram and YouTube.
  4. Comprehensive AI Tools for Content Creators

    • Virbo 3.0 includes features like AI photo animator, AI voiceover, text-to-video, AI script, and AI video translator.
    • With over 350 AI avatars, 300+ voices, and 300+ professional templates, Virbo enables users to craft personalized, high-quality videos quickly and cost-effectively.
    • Virbo’s library of royalty-free stock music further enhances video production for any business or marketing campaign.

Wondershare Virbo 3.0 takes AI-powered video creation to the next level with tools that simplify the content creation process. By eliminating technical barriers and offering multilingual support, Virbo 3.0 is a game changer for businesses and content creators looking to boost social media engagement.

dotCMS Appoints Maria Fernandez and Marc Boutillette to Leadership Roles

dotCMS Appoints Maria Fernandez and Marc Boutillette to Leadership Roles

content management 22 Oct 2024

dotCMS, a leading content management system, has announced two new leadership appointments. Maria Fernandez Trevino has joined as Head of User Experience, and Marc Boutillette has been appointed Director of Outbound Product Management. Both bring extensive experience from their roles at Oracle and Microsoft, effective August 2024.

  1. Maria Fernandez Trevino: Head of User Experience

    • Background: Fernandez brings over a decade of tech industry experience, having led user experience development at Oracle and served as a key program manager at Microsoft.
    • Notable Contributions: At Microsoft, she played a significant role in redesigning the Office user interface, introducing the "ribbon" and "backstage view."
    • Role at dotCMS: As the primary design leader, Fernandez will collaborate across departments to integrate design vision and user experience into the overall product strategy and roadmap.
  2. Marc Boutillette: Director of Outbound Product Management

    • Background: Boutillette has over 20 years of experience in product and marketing, having contributed to Oracle’s partner ecosystem growth and driving millions in revenue.
    • Role at dotCMS: He will oversee outbound product management, including competitive analysis, product positioning, and field enablement activities. He will work closely with product managers to create forward-looking product strategies and innovative features.
  3. Leadership Vision at dotCMS

    • Preston So, VP of Product at dotCMS: "Maria’s extensive experience in enterprise content products and Marc’s deep product operations expertise will enhance dotCMS's user experience and go-to-market efforts."

The appointments of Maria Fernandez Trevino and Marc Boutillette mark an exciting phase for dotCMS as it continues to lead the market with its innovative content management solutions for both content and developer teams.

LetsExtract Launches New 3-in-1 Email Marketing Tool for Businesses

LetsExtract Launches New 3-in-1 Email Marketing Tool for Businesses

email marketing 22 Oct 2024

LetsExtract has launched a new version of its powerful, three-component tool designed to optimize email marketing efforts for businesses and marketers. The updated "3 in 1" solution features LetsExtract Email Extractor, LetsExtract Email Verifier, and LetsExtract Email Sender making it a complete solution for contact extraction, validation, and email campaign management.

  1. LetsExtract Email Extractor: Simplifying Contact Collection

    • Extracts email addresses from websites, social media profiles, and inboxes.
    • Helps marketers grow subscriber lists, leading to enhanced outreach and better campaign results.
    • Easy-to-use interface for efficient contact gathering from various online sources.
  2. LetsExtract Email Verifier: Ensuring Email Deliverability

    • Validates collected email addresses to filter out inactive or erroneous addresses.
    • Boosts deliverability rates and protects sender reputation.
    • Reduces bounce rates, ensuring campaigns reach the intended audience.
  3. LetsExtract Email Sender: Streamlining Email Campaigns

    • Enables users to create and send email campaigns in bulk with personalized messages.
    • Offers tools for tracking performance metrics to assess campaign success.
    • Simplifies the entire email marketing process, from campaign creation to execution.
  4. Statement from Dmitry Baranov, Director of Global Marketing & Communications

    • "With the new version of LetsExtract, we aim to empower our users by providing tools that simplify the entire email marketing process. By offering seamless contact collection, validation, and campaign execution, we help marketers maximize their outreach potential."

The new version of LetsExtract is an essential tool for marketers looking to streamline their email marketing strategies. With its 3-in-1 solution, users can extract, verify, and send emails efficiently, leading to more effective campaigns and better business outcomes.

   

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