- Report
- March 2025
- 200 Pages
Global
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- August 2024
- 350 Pages
Global
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Generative AI within the context of Customer Relationship Management (CRM) refers to the implementation of artificial intelligence that can generate new content and solutions, adapting dynamically to customer interactions. It encompasses technologies like natural language processing, machine learning, and neural networks to simulate human-like interactions and provide personalized service to customers. This adoption in CRM systems transforms the ways in which businesses manage customer interactions and data across various communication channels, such as email, social media, live chat, and more.
Generative AI helps in automating responses to common customer queries, generating personalized emails, or even creating content for marketing campaigns. Its application in CRM aims to enhance customer experiences, increase efficiency by reducing manual effort in customer service tasks, and provide insights for better decision-making. The technology's adaptive learning capabilities allow for continuous improvement in response accuracy and customer satisfaction.
Several companies have emerged as key players in the market for Generative AI in Customer Services as part of the CRM ecosystem. Some noteworthy examples include Salesforce, with its advanced AI tool, Einstein; Microsoft, with its AI-driven Dynamics 365 platform; SAP, which offers AI functionalities in its SAP Customer Experience suite; and Oracle, with its suite of AI-powered applications within Oracle CX Cloud. Show Less Read more