SlideShare a Scribd company logo
We will begin momentarily
Welcome
Best Practices
& Strategies
Achieving Revenue Growth With AI
18 April 2023
Ryan is the CEO & Founder of
iovox. He has 25 years of
industry experience & an
engineering background, having
worked for some of the largest
companies worldwide.
RYAN GALLAGHER
CEO & Founder
Ella has been the Director of
Product at iovox for the past 5
years. She has 11 years UI/UX
experience, global product
responsibility, & is a member of
global iovox management team.
ELLA WU
Director of Product
Today's
Speakers
A brief primer on iovox AI Safety & Ethics Guidelines
Turning Data into New Sales
The Big Data Picture
& our global work in the
auto marketplaces industry
What we will cover today
How enterprises can see
trends of all their call data
“Rules of the Road” when
contemplating AI in your business
How companies are turning
individual calls into new revenue
iovox is a leading call
tracking & conversation
analytics company
2007
400+
100+ Established
Customers
Countries
Our purpose is to provide truthful
& actionable information to
businesses of all sizes
iovox
Trusted by brands worldwide
iovox Insights
A conversational AI service that reveals
the truth about businesses by converting
phone calls to text that can be searched &
analyzed using AI & machine learning.
AI Safety & Ethics Guidelines
Seriously! What is AI?
Terms What is NLP & NER?
What is an AI model & where does Machine Learning
fit in?
Unsupervised learning, Supervised learning &
Reinforcement learning
Transparency?
• Ensure AI solution only used within “your data set” (vs shared publicly)
• iovox AI tools never share your company’s data
• Do not blend content with public data in shared systems
• Check data privacy laws in your region
• Be transparent with customers re: usage
Customer Privacy
• Garbage in > garbage out
• AI can’t detect if something is factually inaccurate
• Be mindful of data sources you put into system for analysis if making important
business decisions based on outcomes
• AI can take time to “tune” & evolve
• iovox AI relies on transcribed calls, which to be accurate, require high quality recordings
Prioritize Accuracy
• Big Data is overwhelming
• Without triggered events & highlights it is almost useless
• We use our platform to dig through that data & bring what you need to be aware of:
• Email alerts
• SMS Alerts
• Scheduled reports
• CRM integrations
• Web Callbacks
Needle in a Haystack
4 Steps to Making AI Work For You
Step 1: Collect Your Data
Step 2: Get a baseline of your call data
.
Step 3: Pick high impact areas for greater analysis
+1 263 296 0132
01/01/2023 15:03:00
Spanish Wells, WA (USA)
First time caller
Caller details
• Buyer
• Mortgage buyer
• Market appraisal discussed
• Financial services discussed
Insights triggered
Agent: Good morning, how can I help you
today?
Caller: Hi there, I wondered if you could
help, we’re looking to sell our house and
we want to arrange for someone to come
and value our home…
Transcript
Step 4: Analysis
Benefits
Seeing what calls are about
Training your staff
Real World Examples
Using iovox
Insights a
Marketplace
increased a single
customer brand’s
revenue by...
...so were able to
significantly
monetize this
previously missing
value.
$4.9 mil
Insights
A conversational AI service
that reveals the truth
about businesses by
converting phone calls to
text that can be searched
& analyzed using AI &
machine learning.
not just that a
call was made!
Understand what
happens on a phone
call...
Maximize lead
value!
Automatic triggers
place missed
opportunities in
existing/new
workflows.
Create rules!
Use AI & machine
learning to spot
trends & call
outcomes.
Easy search
functionality!
Make conversations
as searchable as
email & text.
Know why &
how calls are
handled!
Increase sampled
calls for quality
assurance.
How iovox unlocked missing revenue.
PARTNER
Property marketplace
used Insights for leading
Agency with 60 offices.
OBJECTIVE
Focus to understand
missed monetization
opportunities within
financial services & seller
leads.
RESULTS
Results lead to increase
in revenue by $4.9mil.
Marketplace increased
MRR from Agency Group
by 33%.
OUTCOME
Agency to push Insights
out beyond marketplace
traffic enabling further
value & Monthly
Recurring Revenue.
Recapturing lost opportunities.
CALLS
All applicant calls
captured by iovox.
INSIGHTS
AI-based analysis
determines where
opportunities were
missed.
RESULTS
Email automatically
generated with
opportunity details.
OPPORTUNITY
OPPORTUNITY
RECAPTURED.
Calls captured by
iovox
AI analysis for
missed opportunities
Opportunity details
emailed
OPPORTUNITY
RECAPTURED
Was the applicant asked if they
had a property to sell or let?
What percentage of calls
actually have a property to
sell/let and what’s captured?
iovox AI call listening
BENCHMARKS & CONVERSION RATES
Calls captured by
iovox
AI analysis for
missed opportunities
Opportunity details
emailed
OPPORTUNITY
RECAPTURED
Was the applicant asked if they
required a mortgage?
What percentage of calls
required a mortgage?
iovox AI call listening
BENCHMARKS & CONVERSION RATES
How iovox helps other industries
Auto Marketplace
discovered dealers
mishandling high value
calls (cash buyers) &
losing opportunities for
new sales due to poor call
handling quality.
Led to immediate
retraining.
Insurance company
missing out on cross-policy
sales due to lack of proper
data capture. Mentions of
other policy types
overlooked during primary
call. Retraining for agents
& remarketing
opportunity for existing
leads.
Healthcare company
closing rates for new
appointments varied 45-
95%. Able to identify best
practices & retrain lower
performing locations.
Discovered agents
recommended competing
products on Amazon vs.
selling directly.
Financial services, for
regulatory compliance,
call recording &
transcriptions are very
important.
AI data redaction
enables safe storage of
call data without
personally identifiable
information included.
How to use iovox Insights
DEDICATED NUMBERS
Utilize a unique phone
number on each
channel.
DYNAMIC NUMBERS
Utilize a pool of numbers
to allocated to ad
groups, keywords or
unique web visitors.
WEBCALLBACK
Allows web
visitors to request
a call back.
WEBCONNECT
Initiate a call from
your website.
iovox Insights benefits
Low Cost
Highly accurate 100%
call sampling with no
labor costs, cents per
call.
New opportunities
No new leads needed
to discover new
opportunities for
growth.
ROI improvement
Creating more value
with current
marketing spend.
Improve outcomes
Know what’s
happening in your
business & can take
corrective steps
immediately.
Special
Free Offer
Share 1000 of your recorded calls & iovox
will do a free analysis.
No strings attached.
email: webinars@iovox.com
Q&A
18 April 2023
Thank you
www.iovox.com
webinars@iovox.com

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Achieving Revenue Growth With AI: Best Practices And Strategies

  • 1. We will begin momentarily Welcome
  • 2. Best Practices & Strategies Achieving Revenue Growth With AI 18 April 2023
  • 3. Ryan is the CEO & Founder of iovox. He has 25 years of industry experience & an engineering background, having worked for some of the largest companies worldwide. RYAN GALLAGHER CEO & Founder Ella has been the Director of Product at iovox for the past 5 years. She has 11 years UI/UX experience, global product responsibility, & is a member of global iovox management team. ELLA WU Director of Product Today's Speakers
  • 4. A brief primer on iovox AI Safety & Ethics Guidelines Turning Data into New Sales The Big Data Picture & our global work in the auto marketplaces industry What we will cover today How enterprises can see trends of all their call data “Rules of the Road” when contemplating AI in your business How companies are turning individual calls into new revenue
  • 5. iovox is a leading call tracking & conversation analytics company 2007 400+ 100+ Established Customers Countries Our purpose is to provide truthful & actionable information to businesses of all sizes
  • 7. iovox Insights A conversational AI service that reveals the truth about businesses by converting phone calls to text that can be searched & analyzed using AI & machine learning.
  • 8. AI Safety & Ethics Guidelines
  • 10. Terms What is NLP & NER? What is an AI model & where does Machine Learning fit in? Unsupervised learning, Supervised learning & Reinforcement learning Transparency?
  • 11. • Ensure AI solution only used within “your data set” (vs shared publicly) • iovox AI tools never share your company’s data • Do not blend content with public data in shared systems • Check data privacy laws in your region • Be transparent with customers re: usage Customer Privacy
  • 12. • Garbage in > garbage out • AI can’t detect if something is factually inaccurate • Be mindful of data sources you put into system for analysis if making important business decisions based on outcomes • AI can take time to “tune” & evolve • iovox AI relies on transcribed calls, which to be accurate, require high quality recordings Prioritize Accuracy
  • 13. • Big Data is overwhelming • Without triggered events & highlights it is almost useless • We use our platform to dig through that data & bring what you need to be aware of: • Email alerts • SMS Alerts • Scheduled reports • CRM integrations • Web Callbacks Needle in a Haystack
  • 14. 4 Steps to Making AI Work For You
  • 15. Step 1: Collect Your Data
  • 16. Step 2: Get a baseline of your call data .
  • 17. Step 3: Pick high impact areas for greater analysis
  • 18. +1 263 296 0132 01/01/2023 15:03:00 Spanish Wells, WA (USA) First time caller Caller details • Buyer • Mortgage buyer • Market appraisal discussed • Financial services discussed Insights triggered Agent: Good morning, how can I help you today? Caller: Hi there, I wondered if you could help, we’re looking to sell our house and we want to arrange for someone to come and value our home… Transcript Step 4: Analysis
  • 19. Benefits Seeing what calls are about Training your staff
  • 21. Using iovox Insights a Marketplace increased a single customer brand’s revenue by... ...so were able to significantly monetize this previously missing value. $4.9 mil
  • 22. Insights A conversational AI service that reveals the truth about businesses by converting phone calls to text that can be searched & analyzed using AI & machine learning.
  • 23. not just that a call was made! Understand what happens on a phone call...
  • 24. Maximize lead value! Automatic triggers place missed opportunities in existing/new workflows.
  • 25. Create rules! Use AI & machine learning to spot trends & call outcomes.
  • 27. Know why & how calls are handled! Increase sampled calls for quality assurance.
  • 28. How iovox unlocked missing revenue. PARTNER Property marketplace used Insights for leading Agency with 60 offices. OBJECTIVE Focus to understand missed monetization opportunities within financial services & seller leads. RESULTS Results lead to increase in revenue by $4.9mil. Marketplace increased MRR from Agency Group by 33%. OUTCOME Agency to push Insights out beyond marketplace traffic enabling further value & Monthly Recurring Revenue.
  • 29. Recapturing lost opportunities. CALLS All applicant calls captured by iovox. INSIGHTS AI-based analysis determines where opportunities were missed. RESULTS Email automatically generated with opportunity details. OPPORTUNITY OPPORTUNITY RECAPTURED.
  • 30. Calls captured by iovox AI analysis for missed opportunities Opportunity details emailed OPPORTUNITY RECAPTURED Was the applicant asked if they had a property to sell or let? What percentage of calls actually have a property to sell/let and what’s captured? iovox AI call listening BENCHMARKS & CONVERSION RATES
  • 31. Calls captured by iovox AI analysis for missed opportunities Opportunity details emailed OPPORTUNITY RECAPTURED Was the applicant asked if they required a mortgage? What percentage of calls required a mortgage? iovox AI call listening BENCHMARKS & CONVERSION RATES
  • 32. How iovox helps other industries Auto Marketplace discovered dealers mishandling high value calls (cash buyers) & losing opportunities for new sales due to poor call handling quality. Led to immediate retraining. Insurance company missing out on cross-policy sales due to lack of proper data capture. Mentions of other policy types overlooked during primary call. Retraining for agents & remarketing opportunity for existing leads. Healthcare company closing rates for new appointments varied 45- 95%. Able to identify best practices & retrain lower performing locations. Discovered agents recommended competing products on Amazon vs. selling directly. Financial services, for regulatory compliance, call recording & transcriptions are very important. AI data redaction enables safe storage of call data without personally identifiable information included.
  • 33. How to use iovox Insights DEDICATED NUMBERS Utilize a unique phone number on each channel. DYNAMIC NUMBERS Utilize a pool of numbers to allocated to ad groups, keywords or unique web visitors. WEBCALLBACK Allows web visitors to request a call back. WEBCONNECT Initiate a call from your website.
  • 34. iovox Insights benefits Low Cost Highly accurate 100% call sampling with no labor costs, cents per call. New opportunities No new leads needed to discover new opportunities for growth. ROI improvement Creating more value with current marketing spend. Improve outcomes Know what’s happening in your business & can take corrective steps immediately.
  • 35. Special Free Offer Share 1000 of your recorded calls & iovox will do a free analysis. No strings attached. email: webinars@iovox.com