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THE RISE OF VOICE
What the Increase in Conversation, Voice Assistants
and AI Means for Business
00/04VOICE AND THE CUSTOMER EXPERIENCE
We’re entering a new era of customer communication as more people go mobile-only and voice assistant
usage surges by an estimated 130% this year. People are now empowered to use their voice — interacting
with brands more quickly and easily than ever before.
While the benefits of voice for consumers are immediate and obvious, implications for marketers are vast and
still emerging. Today’s customer experience is undergoing a massive shift, much like it did when smartphones
took hold a decade ago.
It’s critical to think broadly about how voice will impact the entire customer experience, from discovery through
purchase. Don’t build an Alexa skill just to keep up with the latest in tech; build it because you understand your
customer and how voice can enhance your relationship with them. Here’s how to begin thinking about how to
approach voice from a customer experience standpoint:
CUSTOMER ACQUISITION
Voice search is changing how
consumers learn about your brand.
And mobile phones make it easier
than ever for consumers to consult
an expert before buying, whether it’s
via their voice assistant or calling.
CUSTOMER ENGAGEMENT
Voice assistants are enabling deeper
and more frequent consumer
touchpoints with your brand. The
new voice app ecosystem is a driving
force, similar to the mobile app gold
rush a decade ago. Further, voice-
enabled shopping is streamlining
repeat purchases for brand loyalists.
CUSTOMER SUPPORT
Improved natural language IVRs
are automating more routine
support tasks, while advances in AI
are giving marketers the ability to
mine live conversations for insights
and optimize digital marketing
investments.
TABLE OF CONTENTS 00/0401/04 CLOSING THE VOICE AND DIGITAL DIVIDE ................................................................................................... 4
The last 20 years of communication...................................................................................................................................................5
Talking over text .................................................................................................................................................................................6
The new age of voice .........................................................................................................................................................................7
The voice opportunity for marketers.................................................................................................................................................8
Brands connecting digital & voice experiences................................................................................................................................9
02/04 THE STATE OF VOICE EXPERIENCES............................................................................................................. 10
People that own voice assistants use them frequently..................................................................................................................11
As voice assistants grow, people use their voices more................................................................................................................12
Communication over the next two years.........................................................................................................................................13
Alexa at the forefront, but consumers looking for choice.............................................................................................................14
Voice is the new user interface and source of revenue..................................................................................................................15
Voice commands are not the same as conversation......................................................................................................................16
Human conversation still matters.....................................................................................................................................................18
Talking is key for considered purchases..........................................................................................................................................19
Voice experiences differ by industry................................................................................................................................................20
03/04 THE NEXT ERA OF CALLS TO BUSINESS....................................................................................................... 24
Attribution is critical..........................................................................................................................................................................25
Who’s calling?....................................................................................................................................................................................26
Top call sources for each industry....................................................................................................................................................27
04/04 HOW WILL YOU HARNESS THE POWER OF VOICE?.................................................................................... 31
Connect your digital and voice initiatives.......................................................................................................................................32
Mine conversations for new customer insights...............................................................................................................................33
Prioritize the voice experience.........................................................................................................................................................34
Rethink your search strategy.............................................................................................................................................................35
Find more customers who want to talk............................................................................................................................................36
What’s next.........................................................................................................................................................................................37
CLOSING THE VOICE AND
DIGITAL DIVIDE
In this report, you’ll find real examples from
innovative businesses meshing digital interactions
with an increasingly voice-first world, insights from
a survey of over 1,000 U.S. consumers using voice
assistants, new data from an analysis of over 60
million customer phone calls passed through Invoca’s
platform in the past year, and takeaways for evolving
your marketing in a voice-first world.
If any of this resonates with you, we’d love to talk.
Give us a call at 844-693-1287.
-The Invoca Team
01/04
The Rise of Voice 4
THE LAST 20 YEARS OF COMMUNICATION
Communication technology has come a long way since the first mobile call in 1973. As clunky cell phones evolved into
smartphones, wireless standards improved, apps proliferated, and smart speakers emerged, voice has evolved but
always remained at the center of how people communicate.
December 1997
Nokia launches its first
mobile phone including
two games, a calendar, and
a pager setting
May 1997
AOL Instant Messenger
launches for desktop; chat
rooms take off
June 2007
Apple releases the first
iPhone
February 2010
Apple launches Siri as a
standalone app
April 2013
Microsoft launches Cortana,
its voice-powered personal
assistant
June 2015
Amazon Echo, powered by
Alexa, launches for Prime
customers
May 2016
Google Assistant launches
on Android devices
March 2017
Samsung launches its virtual
assistant, Bixby
May 2017
Google Home introduces
free phone calls
December 2017
AOL Instant Messenger will
shut down after 20 years
November 2016
Google launches its
in-home smart speaker,
Google Home
November 2009
WhatsApp officially launches
in the Apple App Store
June 2010
Apple launches FaceTime
May 2017
Amazon launches Echo
Show and debuts Alexa
Calling
01/04
The Rise of Voice 5
TALKING OVER TEXT
Advancements in the past 20 years have not changed the fact that people want to talk to each other.
The effectiveness of trading information by speaking easily beats text-based messaging. People
generally speak 125-175 words per minute. The average person can type 38-40 words per minute—
and that’s on a full keyboard, not a phone screen.
It’s no wonder that Google, Amazon, Microsoft, Facebook, and others are investing heavily in voice
recognition, which will see a compound annual growth rate of nearly 20% and be worth more than
$18 billion by 2023.
125-175
words per minute
38-40
words per minute
70.6%
Amazon Echo’s ownership of the
U.S. smart speaker market
15,000
Skills integrated with Amazon’s
assistant, Alexa
$45m - $67m
Forecasted growth in voice-assisted devices
in the U.S. between 2017 and 2019
THE VOICE OPPORTUNITY
$18.3 billion
by 2023
THE NEW AGE OF VOICE
In her 2017 Internet Trends Report, KPMG’s Mary Meeker named voice as one of the top trends of
the year, noting the rise in mobile voice queries and improved voice recognition.
AI-enabled voice recognition is becoming a normal part of how we interact with technology. What
humans say is becoming valuable data that businesses can increasingly use to sell products and
create personalized customer experiences.
And voice conversations are at the center of it all.
01/04
VOICE
CONVERSATIONS
Voice-powered
devices
GOOGLE
HOME
AMAZON
ECHO
Third-party
voice apps
NPR
PHILIPS
HUE
SPOTIFY
Voice software
systems
SIRI
GOOGLE
ASSISTANT
ALEXA
Call Intelligence
INVOCA
The Rise of Voice 7
THE VOICE OPPORTUNITY FOR MARKETERS
Voice search via smart speakers presents a huge challenge and
opportunity for marketers in the coming months and years. Google
says more than 20% of searches now happen by voice and estimates
that figure will reach 50% by 2020.
The voice opportunity for marketers is
an expansive, new frontier. Artificial
intelligence can mine voice
conversations for insights, and
with such data, brands can link
their voice and digital
marketing initiatives.
20%
of searches happen by voice
2017
50%
of searches happen by voice
2020
01/04
The words that consumers use
with a customer service rep—or an
algorithm-driven phone assistant—
can be used to personalize
messages across channels.
Phone data can intelligently
be applied to brands’ next-wave
SEO efforts as they jostle for
the top slots on an Amazon Echo
or Google Home.
And digital ads can
retarget consumers based
on product interests
expressed via phone.
For instance, follow-
up emails may include
items “abandoned”
during a call.
The Rise of Voice 8
01/04BRANDS CONNECTING DIGITAL & VOICE EXPERIENCES
Here are a few examples of innovative brands that are connecting with their customers through conversations:
HOME SERVICES
Vivint Smart Home, a smart home
services provider, is all-in with voice,
claiming one of the earliest Amazon
Echo skills in its category. With
Invoca’s software, the company also
leverages voice data from phone
calls to make its online landing
pages more targeted, recently
seeing a 70% jump in phone calls
born from digital ads and a 76%
increase in new customers.
TRAVEL AND HOSPITALITY
Aloft debuted Project Jetson Suites
last year in a voice-based initiative
that lets guests control the room
by asking Siri to do things such
as control the lights, adjust the
thermostat, or set an alarm. Other
hospitality chains are almost certain
to follow. Motel 6 will probably still
always “leave the light on for you,”
but someday you’ll just tell it to shut
off—and it will.
FINANCIAL SERVICES
76% of banks plan to improve
customer experiences using AI,
and voice will factor into this
development. Bank of America
recently launched a voice assistant
called Erica for its mobile app,
which complete transactions, and
its machine-learning-based system
continuously scans users’ finances to
optimize banking functions to their
benefit. The idea is to save Bank
of America customers money and
could even lead to issuing smarter
investments.
The Rise of Voice 9
THE STATE OF
VOICE EXPERIENCES
Invoca surveyed 1,000 people in the U.S. that have
a living room voice assistant, such as an Amazon
Echo, or Google Home. The survey found that voice
device use is rising rapidly, and, with it, people are
utilizing their voices to do more across the board:
58% are using voice to accomplish tasks they once
performed through typing or swiping, and 24% are
calling businesses more often. Interactions with
voice assistants are influencing purchase decisions,
and consumers are buying products directly
through their voice-based hardware. The human
voice is also as important as ever. Consumers want
to talk to a person when they have complicated or
personalized questions, while they also want easier
ways to be connected from their voice assistant
directly to a person.
02/04
The Rise of Voice 10
02/04PEOPLE THAT OWN VOICE
ASSISTANTS USE THEM FREQUENTLY
HOW OFTEN PEOPLE USE VOICE DEVICES
33%
More than 5 times a day
28%
4-5 times a day
24%2-3 times a day
21%
Of people who own voice
assistants, 21% have three or
more devices in their home.
89%
of people with voice
assistants talk to them
every day.
64%
The longer people own their
voice assistant, the more they use
it. 64% said they use their voice
assistant more frequently now than
when they first bought it.
The Rise of Voice 11
AS VOICE ASSISTANTS GROW, PEOPLE
USE THEIR VOICES MORE
As people get accustomed to using their voices to accomplish tasks with their assistant, they are
speaking more and clicking less.
COULD VOICE BE THE KEY TO
HUMAN CONNECTION AGAIN?
49% of millennials say they’ve been
looking down at their phone less
since using a voice assistant.
24%
35%
40%
44%
58%
Make more phone calls
to businesses
Make more phone calls to
friends and family
Talk more, generally
Use their phone-based
voice assistant more
Accomplish tasks they used to
do through typing or swiping
The Rise of Voice 12
02/04COMMUNICATION IN THE NEXT TWO YEARS
3%
50%19%
28%
18%
27%
52%
3%
Voice Video Typing Other
With friends and family With businesses
The Rise of Voice 13
ALEXA AT THE FOREFRONT, BUT CONSUMERS
LOOKING FOR CHOICE
Amazon’s Alexa is currently dominating the voice assistant market, but 70% of people would be willing to purchase
another voice assistant from another company. The majority of people want to see Facebook enter this market, a huge
opportunity for the company with its wealth of social and interest-level data. The untapped opportunity is to use voice
assistants for communication — not just automation — and personal connection is core to Facebook’s ethos.
58%
17%
13%
11%
SNAPCHAT
UNIVERSITY / ACADEMIC
ORGANIZATION
FACEBOOK
MEDIA ORGANIZATION
02/04
OF THE CONSUMERS WHO SAID THEY’D PURCHASE
ANOTHER VOICE ASSISTANT, THEY WOULD BUY ONE FROM
42%
of all millennials would
buy a voice assistant from
Facebook if the company
offered one
13%
of all millennials would buy a
voice assistant from Snapchat
The Rise of Voice 14
30% 28% 23% 25%
18%
MOST PEOPLE ARE WILLING TO HEAR ADS ON THEIR VOICE ASSISTANT DEVICE IF...
Asked whether they
want to hear the ad
before it plays
They get to choose
the brands they
hear ads from
Ads are connected to
brands they “like”
on social networks
Ads are personalized
based on commands or
questions they ask often
Ads embedded
into answers from
the assistant
02/04VOICE IS THE NEW USER
INTERFACE AND SOURCE
OF REVENUE
Early adopters are using their voice instead of a buy button, and they are
listening for recommendations instead of reading them. Information gathered
through voice-based inquiries are impacting users’ purchase decisions, even if
they don’t ultimately use their device to make a shopping transaction.
Voice devices like Amazon’s Echo don’t currently support ads, but that’s likely
to change. Consumers are willing to receive ads on their devices as long as they
are relevant and integrated into their experience.
of people said an interaction
with a voice assistant
influenced a purchase decision
in the past month.
39%of people with voice assistants
have made a purchase directly
through the device.
73%
The Rise of Voice 15
VOICE COMMANDS ARE NOT THE SAME
AS CONVERSATION
People would be more likely to use their voice assistant more if it sounded more human. While voice
assistant technology is improving at a rapid clip, 75% of people say their voice assistant doesn’t sound very human.
SOUND QUALITY
While voice assistant technology
is improving at a rapid clip, 75%
of people say their voice assistant
doesn’t sound very human.
53%
Tell it something personal
67%Ask it complicated questions
62%Use it more often
57%Used to make purchases
58%Trust its answers more
16The Rise of Voice
VOICE COMMANDS
ARE NOT THE SAME
AS CONVERSATION
Voice assistants need to work on understanding
context. Context is often gained by knowing the
person and their history, as well as engaging in
a conversation for a longer period of time.
02/04
Human in person Human over the phone Human online chat Voice assistant Chatbot
#
1 #
2 #
3 #
4 #
5
WHO UNDERSTANDS CONTEXT BEST
82%
of people said context of the
conversation is important when
communicating with businesses
69%
of voice assistant users have
never gone more than a minute
conversing back and forth with a
voice assistant device
78%
of people said they’d use their
voice assistant more often if it could
understand their tone of voice (not
just what they say) better
The Rise of Voice 17
HUMAN CONVERSATION STILL MATTERS
Voice assistants are still in their infancy; it’s not surprising that they don’t always work. When they don’t,
consumers don’t want to go back to typing and swiping. They still want to talk — and they want to
speak to a human. But that connection needs to be seamless.
Nearly half of people said that their voice assistant can’t answer their
commands at least a quarter of the time. And people only
have so much patience.
89%
people try again,
either with the same
command or changing
the way they ask
AFTER ONE ATTEMPT
72%
try one more time
AFTER TWO ATTEMPTS
37%
try an online search
AFTER THREE
ATTEMPTS
33%
give it
another shot
AFTER THREE
ATTEMPTS
15%
move to the phone
AFTER THREE
ATTEMPTS
15%
give up
AFTER THREE
ATTEMPTS
said that if the device could
have easily connected them to
a human who could answer
their question, they would
have done that instead.
76%
of respondents said they would
turn to an online search if the
voice assistant could not provide
an adequate answer.
89%
WHEN VOICE AI FAILS,
BRING IN A HUMAN.
People want to reach a human
through their voice device.
18The Rise of Voice
MAKING A PURCHASE MORE THAN $500
Phone call
35%
Online search
22%
Voice assistant
20%
MAKING A PURCHASE REQUIRING CUSTOMIZATION
Phone call
30%
Online search
28%
Voice assistant
18%
TALKING IS KEY FOR
CONSIDERED PURCHASES
When researching and communicating about expensive or complex products,
people want to talk—and talk to a human.
WHEN PEOPLE FEEL
“SECURE OR VERY
SECURE” GIVING
INFORMATION
People are wary of security
issues when giving personal information
to devices powered by artificial
intelligence. Even with AI, people feel
their voice is more secure than typing.
53%
TO A VOICE ASSISTANT
71%
OVER THE PHONE
36%
TO A CHATBOT
MAKING A COMPLICATED PURCHASE
Phone call
39%
Online search
25%
Voice assistant
15%
PREFERRED MODE OF COMMUNICATION
19The Rise of Voice
VOICE EXPERIENCES
DIFFER BY INDUSTRY
Industries where people make considered purchases,
such as insurance, financial services, healthcare,
home services, and travel, have the most to gain
from investing in voice. When shoppers have
complicated questions, specific situations, or
are about to spend a lot of money voice-centric
solutions, both digital and analog are still important.
In every category, consumers with voice assistants
said that conversations they have over the phone
influence their purchase decision more than speaking
with their AI device.
02/0402/04
The Rise of Voice 20
TRAVEL
37%
of consumers who have booked a
trip since having a voice assistant
have used it in the process. This is
true for 44% of millennials.
37%
37% of consumers under 35 years
old have been influenced by a
person over the phone; 33% by a
voice assistant.
CONSUMERS HAVE USED VOICE ASSISTANTS FOR TRAVEL TO
Inquire about hotels
58%
Check flight status
48%
Purchase or book something
48%
Connect to a hotel, airline, or travel agent directly
46%
WHEN VOICE ASSITANTS WEREN’T USED THEY
Just didn’t think to
37%
Thought their needs were too complicated
32%
Were worried about security or privacy
28%
Didn’t think the voice assistant would be useful
22%
Ask about a region’s history
45%
Get insight on local attractions
44%
Translation
36%
VOICE INTERACTIONS INFLUENCE PURCHASE DECISIONS
34%
Person over the phone
21%
In-person
29%
Voice assistant
26%
Online chat
21The Rise of Voice
BANKING
35%
of people with voice assistants have
used it for banking.
This is true for 41% of millennials.
44%
of people with voice assistants (50%
of millennials) said they would be
willing to allow a voice assistant to
access personal information like
their bank account.
CONSUMERS WHO HAVE USED VOICE ASSISTANTS FOR BANKING WHEN PEOPLE DIDN’T USE VOICE ASSISTANTS FOR BANKING
To check a balance
70%
Did not feel secure enough
67%
To pay a bill
59%
Didn’t think to do so
25%
To track spending
48%
Said needs were too complicated
17%
To inquire about financial products
42%
Said they didn’t think there would be useful tasks for their needs
15%
To purchase or trade stock
36%
THESE KINDS OF INTERACTIONS WERE PRIMARY TO THEIR DECISIONS
28%
Person over the phone
27%
In-person
24%
Voice assistant
22%
Online chat
22The Rise of Voice
HEALTHCARE
46%
of people with voice assistants have
used it for an issue concerning
health or health care.
HOW CONSUMERS USED VOICE ASSISTANTS FOR HEALTHCARE WHEN VOICE ASSISTANTS WEREN’T USED THEY TYPICALLY
Asked about symptoms they are experiencing
70%
Didn’t think to do so
43%
Asked about health or diet tips
59%
Didn’t feel secure
29%
Used it to connect to a hospital or doctor
48%
Didn’t think it would be useful
26%
Used it to ask about health plans or insurance
41%
Needs were too complicated
24%
23The Rise of Voice
THE NEXT ERA OF
CALLS TO BUSINESS
Consumers are already talking to Siri and Alexa about
things they intend to purchase, and businesses must be
ready to pick up the conversation where voice assistants
leave off. Now, human conversations—namely, phone
calls—will continue to dominate high-stakes customer
interactions, such as taking out a mortgage or choosing
a home security system.
The consumer survey found that more consumers are
calling businesses, and Invoca’s analysis of 66 million calls
flowing through its system from Jan. 1 - Dec. 31, 2016
affirms that. Comparing these calls to previous years,
Invoca saw a 33% increase in the average number of calls
per customer, per year, from 2014 to 2016.
03/04
20162014
33%
The Rise of Voice 24
ATTRIBUTION IS CRITICAL
Since calls convert at 10 to 15 times the rate of web clicks, it is vital that marketers understand who
is calling, which of their marketing tactics are driving high-value calls, and how these trends differ by
demographic and industry. Each year, the number of calls driven by social review sites such as Yelp and
TripAdvisor increases; this year, these sites represented one of the top three drivers of calls, compared
to eighth place just two years ago. Offline drivers of phone calls—phone books, newspaper, TV, and
radio ads—make up less than one third of the phone calls they did just three years ago.
* Calls running through Invoca’s system that track source
WHEN CHATBOTS FAIL, CALLS WORK
When chatbots fail, calls work: while social
networks like Facebook drive fewer calls,
the calls that do come from social sites
last longer than those from any other
source, at an average of 7 minutes. That is
nearly a minute and a half longer than any
other channel. Longer calls are generally a
marker for valuable calls.
TOP 10 MARKETING CHANNELS DRIVING CALLS *
EMAIL 2%
NEWSPAPER 1%
DIRECTORY 2%
MOBILE SEARCH 47%
DESKTOP SEARCH 25%
CONTENT/REVIEW SITES 8%
ONLINE DISPLAY 7%
RADIO 3%
MOBILE DISPLAY 2%
SOCIAL MEDIA 2%
MOBILE-ONLY CHANNELS = 52% DESKTOP CHANNELS = 43% OFFLINE = 5%
25The Rise of Voice
03/04WHO’S CALLING?
73%
of all calls come from mobile devices
27%
of all calls come from landlines
New Mexico Arizona
Utah Virginia
81%
Oklahoma
78% 78% 77%
78%
% WHO CALLED FROM MOBILE PHONES % WHO CALLED FROM LANDLINES
35%35%
43%43%
35%
CaliforniaNew Hampshire
New YorkVermont
Maine
The Rise of Voice 26
Home Services Education
TOP CALL SOURCES FOR EACH INDUSTRY
TOTAL MOBILE 68% TOTAL MOBILE 63%
TOTAL OFFLINE 7%
TOTAL OFFLINE 4%
TOTAL ONLINE 25% TOTAL ONLINE 33%
BIG UPSHOT: Calls from mobile channels increased six percentage points
from 2015, with mobile search dominating this industry—mobile search search
drove 66% of calls in 2016.
BIG UPSHOT: Calls driven by mobile search in 2016 grew 20 percentage
points compared to the previous year.
03/04
The Rise of Voice 27
Travel
TOTAL MOBILE 51%
TOTAL OFFLINE 9%
TOTAL ONLINE 40%
TOTAL MOBILE 22%
TOTAL OFFLINE 12%
TOTAL ONLINE 66%
Healthcare
TOP CALL SOURCES FOR EACH INDUSTRY
03/04
The Rise of Voice 28
TOTAL ONLINE 39%
Automotive
TOTAL MOBILE 13%
TOTAL OFFLINE 48%
BIG UPSHOT: Newspapers and magazines are still important call drivers for
the auto industry. For auto, print drove 18% of calls. That said, digital channels
continue to rise as the auto industry moves more of its ad dollars online. Calls
from digital channels in 2016 increased 65% over 2014.
Insurance
TOP CALL SOURCES FOR EACH INDUSTRY
TOTAL MOBILE 22%
TOTAL OFFLINE 12%
TOTAL ONLINE 66%
BIG UPSHOT: Online call drivers in the insurance industry grew 14 percentage
points from 2015 to 2016. Online search drove 40% of calls in 2016, nearly
double the average for this channel.
03/04
The Rise of Voice 29
Financial Services
TOP CALL SOURCES FOR EACH INDUSTRY
03/04
TOTAL MOBILE 48%
TOTAL OFFLINE 12%
TOTAL ONLINE 40%
BIG UPSHOT: Financial services is seeing a huge shift from calls driven by offline
sources to those driven by online and mobile sources. In 2014, 56% of calls came
from online sources; by 2016, online sources grew to drive 88% of calls. The shift
to mobile is even greater—calls from mobile sources nearly doubled from 26% in
2015 to 48% in 2016.
The Rise of Voice 30
HOW WILL YOU HARNESS
THE POWER OF VOICE?
Voice presents a massive opportunity for businesses
in “considered purchase” categories, where
consumers typically want to have a conversation after
conducting preliminary research online, and are thus
well qualified to buy. These conversations collectively
generate more than $1 trillion in the U.S. alone.
It is crucial that brands have visibility into what drives
these valuable conversations, how to generate
more of them, and how best to meet customers’
expectations at this critical conversion point. Here is
our advice for marketers and customer experience
professionals who are thinking about how best to
connect with customers in a voice-first world.
04/04
The Rise of Voice 31
01/05
CONNECT YOUR DIGITAL AND VOICE INITIATIVES
More brands are dabbling in voice experiences. But often this effort is developed in
a silo by e-commerce or customer experience departments, without thinking about
marketing’s role. Call centers are also traditionally siloed within the organization, but
with tools like Invoca, offline conversations can be tied to digital marketing initiatives
to drive more revenue and create a more consistent customer experience.
32The Rise of Voice
02/05
MINE CONVERSATIONS FOR NEW CUSTOMER INSIGHTS
Voice is a rich source of data, and AI is being used to uncover the data that’s most
meaningful to your business. For example, Invoca’s Signal AI analyzes conversations in
real time and identifies language patterns associated with specific intents and outcomes,
such as “requesting a quote” in insurance, or “booking an appointment” in home
services. Marketers can use these insights to optimize their digital marketing investments,
improve offline conversions, increase ad spend efficiency and drive revenue.
33The Rise of Voice
03/05
PRIORITIZE THE VOICE EXPERIENCE
Create valuable experiences for your customers rather than creating a voice app
(or “Skill”) for the sake of it. Do the legwork to understand how voice can create a
more trusted relationship with your customers. For example, make it easier for your
customers to seamlessly move from speaking to a voice assistant to a real person,
if needed. And think about using digital information and voice insights to connect
them with the most appropriate representative.
34The Rise of Voice
04/05
RETHINK YOUR SEARCH STRATEGY
Mobile search is the number one driver of calls, and voice search involves a
different set of behaviors. This means you need a focused voice strategy for
this channel. For instance, keywords are longer and more conversational, and
queries come in the form of questions rather than strings of words. Brainstorm the
questions (including multiple ways of asking the same thing) that would be relevant
to your business, product, or service, taking into account intent and context.
35The Rise of Voice
05/05
FIND MORE CUSTOMERS WHO WANT TO TALK
By now, we can all agree that customers who call are high intent—they are ready
(or almost ready) to buy. What if you could actively find more of these customers
with a couple of clicks? Just feed Invoca data into your DMP or Facebook Ads
Manager and begin retargeting audiences that look like your best customers who
picked up the phone. And in the future, there could very well be the ability to do
all of this based on conversations with voice assistants, not just phone calls.
36The Rise of Voice
04/04WHAT’S NEXT
At Invoca, we’re incredibly excited about the voice innovations that are
emerging at breakneck speed, and see a huge amount of opportunity for
businesses in industries such as financial services, insurance, healthcare, home
services, and travel, where voice conversations are a critical part of the purchase
process already. This, in combination with the power of AI, presents all kinds of
insights that can be gathered from voice conversations and applied in real-time
to improve the customer experience and ultimately drive more revenue.
If you think that voice is an important part of the customer journey, and are
curious about how your business could benefit from working with Invoca,
please give us a call: 844-693-1287
The Rise of Voice 37

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The Rise of Voice Invoca Report: Nov 2017

  • 1. THE RISE OF VOICE What the Increase in Conversation, Voice Assistants and AI Means for Business
  • 2. 00/04VOICE AND THE CUSTOMER EXPERIENCE We’re entering a new era of customer communication as more people go mobile-only and voice assistant usage surges by an estimated 130% this year. People are now empowered to use their voice — interacting with brands more quickly and easily than ever before. While the benefits of voice for consumers are immediate and obvious, implications for marketers are vast and still emerging. Today’s customer experience is undergoing a massive shift, much like it did when smartphones took hold a decade ago. It’s critical to think broadly about how voice will impact the entire customer experience, from discovery through purchase. Don’t build an Alexa skill just to keep up with the latest in tech; build it because you understand your customer and how voice can enhance your relationship with them. Here’s how to begin thinking about how to approach voice from a customer experience standpoint: CUSTOMER ACQUISITION Voice search is changing how consumers learn about your brand. And mobile phones make it easier than ever for consumers to consult an expert before buying, whether it’s via their voice assistant or calling. CUSTOMER ENGAGEMENT Voice assistants are enabling deeper and more frequent consumer touchpoints with your brand. The new voice app ecosystem is a driving force, similar to the mobile app gold rush a decade ago. Further, voice- enabled shopping is streamlining repeat purchases for brand loyalists. CUSTOMER SUPPORT Improved natural language IVRs are automating more routine support tasks, while advances in AI are giving marketers the ability to mine live conversations for insights and optimize digital marketing investments.
  • 3. TABLE OF CONTENTS 00/0401/04 CLOSING THE VOICE AND DIGITAL DIVIDE ................................................................................................... 4 The last 20 years of communication...................................................................................................................................................5 Talking over text .................................................................................................................................................................................6 The new age of voice .........................................................................................................................................................................7 The voice opportunity for marketers.................................................................................................................................................8 Brands connecting digital & voice experiences................................................................................................................................9 02/04 THE STATE OF VOICE EXPERIENCES............................................................................................................. 10 People that own voice assistants use them frequently..................................................................................................................11 As voice assistants grow, people use their voices more................................................................................................................12 Communication over the next two years.........................................................................................................................................13 Alexa at the forefront, but consumers looking for choice.............................................................................................................14 Voice is the new user interface and source of revenue..................................................................................................................15 Voice commands are not the same as conversation......................................................................................................................16 Human conversation still matters.....................................................................................................................................................18 Talking is key for considered purchases..........................................................................................................................................19 Voice experiences differ by industry................................................................................................................................................20 03/04 THE NEXT ERA OF CALLS TO BUSINESS....................................................................................................... 24 Attribution is critical..........................................................................................................................................................................25 Who’s calling?....................................................................................................................................................................................26 Top call sources for each industry....................................................................................................................................................27 04/04 HOW WILL YOU HARNESS THE POWER OF VOICE?.................................................................................... 31 Connect your digital and voice initiatives.......................................................................................................................................32 Mine conversations for new customer insights...............................................................................................................................33 Prioritize the voice experience.........................................................................................................................................................34 Rethink your search strategy.............................................................................................................................................................35 Find more customers who want to talk............................................................................................................................................36 What’s next.........................................................................................................................................................................................37
  • 4. CLOSING THE VOICE AND DIGITAL DIVIDE In this report, you’ll find real examples from innovative businesses meshing digital interactions with an increasingly voice-first world, insights from a survey of over 1,000 U.S. consumers using voice assistants, new data from an analysis of over 60 million customer phone calls passed through Invoca’s platform in the past year, and takeaways for evolving your marketing in a voice-first world. If any of this resonates with you, we’d love to talk. Give us a call at 844-693-1287. -The Invoca Team 01/04 The Rise of Voice 4
  • 5. THE LAST 20 YEARS OF COMMUNICATION Communication technology has come a long way since the first mobile call in 1973. As clunky cell phones evolved into smartphones, wireless standards improved, apps proliferated, and smart speakers emerged, voice has evolved but always remained at the center of how people communicate. December 1997 Nokia launches its first mobile phone including two games, a calendar, and a pager setting May 1997 AOL Instant Messenger launches for desktop; chat rooms take off June 2007 Apple releases the first iPhone February 2010 Apple launches Siri as a standalone app April 2013 Microsoft launches Cortana, its voice-powered personal assistant June 2015 Amazon Echo, powered by Alexa, launches for Prime customers May 2016 Google Assistant launches on Android devices March 2017 Samsung launches its virtual assistant, Bixby May 2017 Google Home introduces free phone calls December 2017 AOL Instant Messenger will shut down after 20 years November 2016 Google launches its in-home smart speaker, Google Home November 2009 WhatsApp officially launches in the Apple App Store June 2010 Apple launches FaceTime May 2017 Amazon launches Echo Show and debuts Alexa Calling 01/04 The Rise of Voice 5
  • 6. TALKING OVER TEXT Advancements in the past 20 years have not changed the fact that people want to talk to each other. The effectiveness of trading information by speaking easily beats text-based messaging. People generally speak 125-175 words per minute. The average person can type 38-40 words per minute— and that’s on a full keyboard, not a phone screen. It’s no wonder that Google, Amazon, Microsoft, Facebook, and others are investing heavily in voice recognition, which will see a compound annual growth rate of nearly 20% and be worth more than $18 billion by 2023. 125-175 words per minute 38-40 words per minute 70.6% Amazon Echo’s ownership of the U.S. smart speaker market 15,000 Skills integrated with Amazon’s assistant, Alexa $45m - $67m Forecasted growth in voice-assisted devices in the U.S. between 2017 and 2019 THE VOICE OPPORTUNITY $18.3 billion by 2023
  • 7. THE NEW AGE OF VOICE In her 2017 Internet Trends Report, KPMG’s Mary Meeker named voice as one of the top trends of the year, noting the rise in mobile voice queries and improved voice recognition. AI-enabled voice recognition is becoming a normal part of how we interact with technology. What humans say is becoming valuable data that businesses can increasingly use to sell products and create personalized customer experiences. And voice conversations are at the center of it all. 01/04 VOICE CONVERSATIONS Voice-powered devices GOOGLE HOME AMAZON ECHO Third-party voice apps NPR PHILIPS HUE SPOTIFY Voice software systems SIRI GOOGLE ASSISTANT ALEXA Call Intelligence INVOCA The Rise of Voice 7
  • 8. THE VOICE OPPORTUNITY FOR MARKETERS Voice search via smart speakers presents a huge challenge and opportunity for marketers in the coming months and years. Google says more than 20% of searches now happen by voice and estimates that figure will reach 50% by 2020. The voice opportunity for marketers is an expansive, new frontier. Artificial intelligence can mine voice conversations for insights, and with such data, brands can link their voice and digital marketing initiatives. 20% of searches happen by voice 2017 50% of searches happen by voice 2020 01/04 The words that consumers use with a customer service rep—or an algorithm-driven phone assistant— can be used to personalize messages across channels. Phone data can intelligently be applied to brands’ next-wave SEO efforts as they jostle for the top slots on an Amazon Echo or Google Home. And digital ads can retarget consumers based on product interests expressed via phone. For instance, follow- up emails may include items “abandoned” during a call. The Rise of Voice 8
  • 9. 01/04BRANDS CONNECTING DIGITAL & VOICE EXPERIENCES Here are a few examples of innovative brands that are connecting with their customers through conversations: HOME SERVICES Vivint Smart Home, a smart home services provider, is all-in with voice, claiming one of the earliest Amazon Echo skills in its category. With Invoca’s software, the company also leverages voice data from phone calls to make its online landing pages more targeted, recently seeing a 70% jump in phone calls born from digital ads and a 76% increase in new customers. TRAVEL AND HOSPITALITY Aloft debuted Project Jetson Suites last year in a voice-based initiative that lets guests control the room by asking Siri to do things such as control the lights, adjust the thermostat, or set an alarm. Other hospitality chains are almost certain to follow. Motel 6 will probably still always “leave the light on for you,” but someday you’ll just tell it to shut off—and it will. FINANCIAL SERVICES 76% of banks plan to improve customer experiences using AI, and voice will factor into this development. Bank of America recently launched a voice assistant called Erica for its mobile app, which complete transactions, and its machine-learning-based system continuously scans users’ finances to optimize banking functions to their benefit. The idea is to save Bank of America customers money and could even lead to issuing smarter investments. The Rise of Voice 9
  • 10. THE STATE OF VOICE EXPERIENCES Invoca surveyed 1,000 people in the U.S. that have a living room voice assistant, such as an Amazon Echo, or Google Home. The survey found that voice device use is rising rapidly, and, with it, people are utilizing their voices to do more across the board: 58% are using voice to accomplish tasks they once performed through typing or swiping, and 24% are calling businesses more often. Interactions with voice assistants are influencing purchase decisions, and consumers are buying products directly through their voice-based hardware. The human voice is also as important as ever. Consumers want to talk to a person when they have complicated or personalized questions, while they also want easier ways to be connected from their voice assistant directly to a person. 02/04 The Rise of Voice 10
  • 11. 02/04PEOPLE THAT OWN VOICE ASSISTANTS USE THEM FREQUENTLY HOW OFTEN PEOPLE USE VOICE DEVICES 33% More than 5 times a day 28% 4-5 times a day 24%2-3 times a day 21% Of people who own voice assistants, 21% have three or more devices in their home. 89% of people with voice assistants talk to them every day. 64% The longer people own their voice assistant, the more they use it. 64% said they use their voice assistant more frequently now than when they first bought it. The Rise of Voice 11
  • 12. AS VOICE ASSISTANTS GROW, PEOPLE USE THEIR VOICES MORE As people get accustomed to using their voices to accomplish tasks with their assistant, they are speaking more and clicking less. COULD VOICE BE THE KEY TO HUMAN CONNECTION AGAIN? 49% of millennials say they’ve been looking down at their phone less since using a voice assistant. 24% 35% 40% 44% 58% Make more phone calls to businesses Make more phone calls to friends and family Talk more, generally Use their phone-based voice assistant more Accomplish tasks they used to do through typing or swiping The Rise of Voice 12
  • 13. 02/04COMMUNICATION IN THE NEXT TWO YEARS 3% 50%19% 28% 18% 27% 52% 3% Voice Video Typing Other With friends and family With businesses The Rise of Voice 13
  • 14. ALEXA AT THE FOREFRONT, BUT CONSUMERS LOOKING FOR CHOICE Amazon’s Alexa is currently dominating the voice assistant market, but 70% of people would be willing to purchase another voice assistant from another company. The majority of people want to see Facebook enter this market, a huge opportunity for the company with its wealth of social and interest-level data. The untapped opportunity is to use voice assistants for communication — not just automation — and personal connection is core to Facebook’s ethos. 58% 17% 13% 11% SNAPCHAT UNIVERSITY / ACADEMIC ORGANIZATION FACEBOOK MEDIA ORGANIZATION 02/04 OF THE CONSUMERS WHO SAID THEY’D PURCHASE ANOTHER VOICE ASSISTANT, THEY WOULD BUY ONE FROM 42% of all millennials would buy a voice assistant from Facebook if the company offered one 13% of all millennials would buy a voice assistant from Snapchat The Rise of Voice 14
  • 15. 30% 28% 23% 25% 18% MOST PEOPLE ARE WILLING TO HEAR ADS ON THEIR VOICE ASSISTANT DEVICE IF... Asked whether they want to hear the ad before it plays They get to choose the brands they hear ads from Ads are connected to brands they “like” on social networks Ads are personalized based on commands or questions they ask often Ads embedded into answers from the assistant 02/04VOICE IS THE NEW USER INTERFACE AND SOURCE OF REVENUE Early adopters are using their voice instead of a buy button, and they are listening for recommendations instead of reading them. Information gathered through voice-based inquiries are impacting users’ purchase decisions, even if they don’t ultimately use their device to make a shopping transaction. Voice devices like Amazon’s Echo don’t currently support ads, but that’s likely to change. Consumers are willing to receive ads on their devices as long as they are relevant and integrated into their experience. of people said an interaction with a voice assistant influenced a purchase decision in the past month. 39%of people with voice assistants have made a purchase directly through the device. 73% The Rise of Voice 15
  • 16. VOICE COMMANDS ARE NOT THE SAME AS CONVERSATION People would be more likely to use their voice assistant more if it sounded more human. While voice assistant technology is improving at a rapid clip, 75% of people say their voice assistant doesn’t sound very human. SOUND QUALITY While voice assistant technology is improving at a rapid clip, 75% of people say their voice assistant doesn’t sound very human. 53% Tell it something personal 67%Ask it complicated questions 62%Use it more often 57%Used to make purchases 58%Trust its answers more 16The Rise of Voice
  • 17. VOICE COMMANDS ARE NOT THE SAME AS CONVERSATION Voice assistants need to work on understanding context. Context is often gained by knowing the person and their history, as well as engaging in a conversation for a longer period of time. 02/04 Human in person Human over the phone Human online chat Voice assistant Chatbot # 1 # 2 # 3 # 4 # 5 WHO UNDERSTANDS CONTEXT BEST 82% of people said context of the conversation is important when communicating with businesses 69% of voice assistant users have never gone more than a minute conversing back and forth with a voice assistant device 78% of people said they’d use their voice assistant more often if it could understand their tone of voice (not just what they say) better The Rise of Voice 17
  • 18. HUMAN CONVERSATION STILL MATTERS Voice assistants are still in their infancy; it’s not surprising that they don’t always work. When they don’t, consumers don’t want to go back to typing and swiping. They still want to talk — and they want to speak to a human. But that connection needs to be seamless. Nearly half of people said that their voice assistant can’t answer their commands at least a quarter of the time. And people only have so much patience. 89% people try again, either with the same command or changing the way they ask AFTER ONE ATTEMPT 72% try one more time AFTER TWO ATTEMPTS 37% try an online search AFTER THREE ATTEMPTS 33% give it another shot AFTER THREE ATTEMPTS 15% move to the phone AFTER THREE ATTEMPTS 15% give up AFTER THREE ATTEMPTS said that if the device could have easily connected them to a human who could answer their question, they would have done that instead. 76% of respondents said they would turn to an online search if the voice assistant could not provide an adequate answer. 89% WHEN VOICE AI FAILS, BRING IN A HUMAN. People want to reach a human through their voice device. 18The Rise of Voice
  • 19. MAKING A PURCHASE MORE THAN $500 Phone call 35% Online search 22% Voice assistant 20% MAKING A PURCHASE REQUIRING CUSTOMIZATION Phone call 30% Online search 28% Voice assistant 18% TALKING IS KEY FOR CONSIDERED PURCHASES When researching and communicating about expensive or complex products, people want to talk—and talk to a human. WHEN PEOPLE FEEL “SECURE OR VERY SECURE” GIVING INFORMATION People are wary of security issues when giving personal information to devices powered by artificial intelligence. Even with AI, people feel their voice is more secure than typing. 53% TO A VOICE ASSISTANT 71% OVER THE PHONE 36% TO A CHATBOT MAKING A COMPLICATED PURCHASE Phone call 39% Online search 25% Voice assistant 15% PREFERRED MODE OF COMMUNICATION 19The Rise of Voice
  • 20. VOICE EXPERIENCES DIFFER BY INDUSTRY Industries where people make considered purchases, such as insurance, financial services, healthcare, home services, and travel, have the most to gain from investing in voice. When shoppers have complicated questions, specific situations, or are about to spend a lot of money voice-centric solutions, both digital and analog are still important. In every category, consumers with voice assistants said that conversations they have over the phone influence their purchase decision more than speaking with their AI device. 02/0402/04 The Rise of Voice 20
  • 21. TRAVEL 37% of consumers who have booked a trip since having a voice assistant have used it in the process. This is true for 44% of millennials. 37% 37% of consumers under 35 years old have been influenced by a person over the phone; 33% by a voice assistant. CONSUMERS HAVE USED VOICE ASSISTANTS FOR TRAVEL TO Inquire about hotels 58% Check flight status 48% Purchase or book something 48% Connect to a hotel, airline, or travel agent directly 46% WHEN VOICE ASSITANTS WEREN’T USED THEY Just didn’t think to 37% Thought their needs were too complicated 32% Were worried about security or privacy 28% Didn’t think the voice assistant would be useful 22% Ask about a region’s history 45% Get insight on local attractions 44% Translation 36% VOICE INTERACTIONS INFLUENCE PURCHASE DECISIONS 34% Person over the phone 21% In-person 29% Voice assistant 26% Online chat 21The Rise of Voice
  • 22. BANKING 35% of people with voice assistants have used it for banking. This is true for 41% of millennials. 44% of people with voice assistants (50% of millennials) said they would be willing to allow a voice assistant to access personal information like their bank account. CONSUMERS WHO HAVE USED VOICE ASSISTANTS FOR BANKING WHEN PEOPLE DIDN’T USE VOICE ASSISTANTS FOR BANKING To check a balance 70% Did not feel secure enough 67% To pay a bill 59% Didn’t think to do so 25% To track spending 48% Said needs were too complicated 17% To inquire about financial products 42% Said they didn’t think there would be useful tasks for their needs 15% To purchase or trade stock 36% THESE KINDS OF INTERACTIONS WERE PRIMARY TO THEIR DECISIONS 28% Person over the phone 27% In-person 24% Voice assistant 22% Online chat 22The Rise of Voice
  • 23. HEALTHCARE 46% of people with voice assistants have used it for an issue concerning health or health care. HOW CONSUMERS USED VOICE ASSISTANTS FOR HEALTHCARE WHEN VOICE ASSISTANTS WEREN’T USED THEY TYPICALLY Asked about symptoms they are experiencing 70% Didn’t think to do so 43% Asked about health or diet tips 59% Didn’t feel secure 29% Used it to connect to a hospital or doctor 48% Didn’t think it would be useful 26% Used it to ask about health plans or insurance 41% Needs were too complicated 24% 23The Rise of Voice
  • 24. THE NEXT ERA OF CALLS TO BUSINESS Consumers are already talking to Siri and Alexa about things they intend to purchase, and businesses must be ready to pick up the conversation where voice assistants leave off. Now, human conversations—namely, phone calls—will continue to dominate high-stakes customer interactions, such as taking out a mortgage or choosing a home security system. The consumer survey found that more consumers are calling businesses, and Invoca’s analysis of 66 million calls flowing through its system from Jan. 1 - Dec. 31, 2016 affirms that. Comparing these calls to previous years, Invoca saw a 33% increase in the average number of calls per customer, per year, from 2014 to 2016. 03/04 20162014 33% The Rise of Voice 24
  • 25. ATTRIBUTION IS CRITICAL Since calls convert at 10 to 15 times the rate of web clicks, it is vital that marketers understand who is calling, which of their marketing tactics are driving high-value calls, and how these trends differ by demographic and industry. Each year, the number of calls driven by social review sites such as Yelp and TripAdvisor increases; this year, these sites represented one of the top three drivers of calls, compared to eighth place just two years ago. Offline drivers of phone calls—phone books, newspaper, TV, and radio ads—make up less than one third of the phone calls they did just three years ago. * Calls running through Invoca’s system that track source WHEN CHATBOTS FAIL, CALLS WORK When chatbots fail, calls work: while social networks like Facebook drive fewer calls, the calls that do come from social sites last longer than those from any other source, at an average of 7 minutes. That is nearly a minute and a half longer than any other channel. Longer calls are generally a marker for valuable calls. TOP 10 MARKETING CHANNELS DRIVING CALLS * EMAIL 2% NEWSPAPER 1% DIRECTORY 2% MOBILE SEARCH 47% DESKTOP SEARCH 25% CONTENT/REVIEW SITES 8% ONLINE DISPLAY 7% RADIO 3% MOBILE DISPLAY 2% SOCIAL MEDIA 2% MOBILE-ONLY CHANNELS = 52% DESKTOP CHANNELS = 43% OFFLINE = 5% 25The Rise of Voice
  • 26. 03/04WHO’S CALLING? 73% of all calls come from mobile devices 27% of all calls come from landlines New Mexico Arizona Utah Virginia 81% Oklahoma 78% 78% 77% 78% % WHO CALLED FROM MOBILE PHONES % WHO CALLED FROM LANDLINES 35%35% 43%43% 35% CaliforniaNew Hampshire New YorkVermont Maine The Rise of Voice 26
  • 27. Home Services Education TOP CALL SOURCES FOR EACH INDUSTRY TOTAL MOBILE 68% TOTAL MOBILE 63% TOTAL OFFLINE 7% TOTAL OFFLINE 4% TOTAL ONLINE 25% TOTAL ONLINE 33% BIG UPSHOT: Calls from mobile channels increased six percentage points from 2015, with mobile search dominating this industry—mobile search search drove 66% of calls in 2016. BIG UPSHOT: Calls driven by mobile search in 2016 grew 20 percentage points compared to the previous year. 03/04 The Rise of Voice 27
  • 28. Travel TOTAL MOBILE 51% TOTAL OFFLINE 9% TOTAL ONLINE 40% TOTAL MOBILE 22% TOTAL OFFLINE 12% TOTAL ONLINE 66% Healthcare TOP CALL SOURCES FOR EACH INDUSTRY 03/04 The Rise of Voice 28
  • 29. TOTAL ONLINE 39% Automotive TOTAL MOBILE 13% TOTAL OFFLINE 48% BIG UPSHOT: Newspapers and magazines are still important call drivers for the auto industry. For auto, print drove 18% of calls. That said, digital channels continue to rise as the auto industry moves more of its ad dollars online. Calls from digital channels in 2016 increased 65% over 2014. Insurance TOP CALL SOURCES FOR EACH INDUSTRY TOTAL MOBILE 22% TOTAL OFFLINE 12% TOTAL ONLINE 66% BIG UPSHOT: Online call drivers in the insurance industry grew 14 percentage points from 2015 to 2016. Online search drove 40% of calls in 2016, nearly double the average for this channel. 03/04 The Rise of Voice 29
  • 30. Financial Services TOP CALL SOURCES FOR EACH INDUSTRY 03/04 TOTAL MOBILE 48% TOTAL OFFLINE 12% TOTAL ONLINE 40% BIG UPSHOT: Financial services is seeing a huge shift from calls driven by offline sources to those driven by online and mobile sources. In 2014, 56% of calls came from online sources; by 2016, online sources grew to drive 88% of calls. The shift to mobile is even greater—calls from mobile sources nearly doubled from 26% in 2015 to 48% in 2016. The Rise of Voice 30
  • 31. HOW WILL YOU HARNESS THE POWER OF VOICE? Voice presents a massive opportunity for businesses in “considered purchase” categories, where consumers typically want to have a conversation after conducting preliminary research online, and are thus well qualified to buy. These conversations collectively generate more than $1 trillion in the U.S. alone. It is crucial that brands have visibility into what drives these valuable conversations, how to generate more of them, and how best to meet customers’ expectations at this critical conversion point. Here is our advice for marketers and customer experience professionals who are thinking about how best to connect with customers in a voice-first world. 04/04 The Rise of Voice 31
  • 32. 01/05 CONNECT YOUR DIGITAL AND VOICE INITIATIVES More brands are dabbling in voice experiences. But often this effort is developed in a silo by e-commerce or customer experience departments, without thinking about marketing’s role. Call centers are also traditionally siloed within the organization, but with tools like Invoca, offline conversations can be tied to digital marketing initiatives to drive more revenue and create a more consistent customer experience. 32The Rise of Voice
  • 33. 02/05 MINE CONVERSATIONS FOR NEW CUSTOMER INSIGHTS Voice is a rich source of data, and AI is being used to uncover the data that’s most meaningful to your business. For example, Invoca’s Signal AI analyzes conversations in real time and identifies language patterns associated with specific intents and outcomes, such as “requesting a quote” in insurance, or “booking an appointment” in home services. Marketers can use these insights to optimize their digital marketing investments, improve offline conversions, increase ad spend efficiency and drive revenue. 33The Rise of Voice
  • 34. 03/05 PRIORITIZE THE VOICE EXPERIENCE Create valuable experiences for your customers rather than creating a voice app (or “Skill”) for the sake of it. Do the legwork to understand how voice can create a more trusted relationship with your customers. For example, make it easier for your customers to seamlessly move from speaking to a voice assistant to a real person, if needed. And think about using digital information and voice insights to connect them with the most appropriate representative. 34The Rise of Voice
  • 35. 04/05 RETHINK YOUR SEARCH STRATEGY Mobile search is the number one driver of calls, and voice search involves a different set of behaviors. This means you need a focused voice strategy for this channel. For instance, keywords are longer and more conversational, and queries come in the form of questions rather than strings of words. Brainstorm the questions (including multiple ways of asking the same thing) that would be relevant to your business, product, or service, taking into account intent and context. 35The Rise of Voice
  • 36. 05/05 FIND MORE CUSTOMERS WHO WANT TO TALK By now, we can all agree that customers who call are high intent—they are ready (or almost ready) to buy. What if you could actively find more of these customers with a couple of clicks? Just feed Invoca data into your DMP or Facebook Ads Manager and begin retargeting audiences that look like your best customers who picked up the phone. And in the future, there could very well be the ability to do all of this based on conversations with voice assistants, not just phone calls. 36The Rise of Voice
  • 37. 04/04WHAT’S NEXT At Invoca, we’re incredibly excited about the voice innovations that are emerging at breakneck speed, and see a huge amount of opportunity for businesses in industries such as financial services, insurance, healthcare, home services, and travel, where voice conversations are a critical part of the purchase process already. This, in combination with the power of AI, presents all kinds of insights that can be gathered from voice conversations and applied in real-time to improve the customer experience and ultimately drive more revenue. If you think that voice is an important part of the customer journey, and are curious about how your business could benefit from working with Invoca, please give us a call: 844-693-1287 The Rise of Voice 37