{"id":321,"date":"2019-02-25T12:53:19","date_gmt":"2019-02-25T07:23:19","guid":{"rendered":"https:\/\/cyfuture.com\/blog\/?p=321"},"modified":"2021-05-24T12:57:01","modified_gmt":"2021-05-24T07:27:01","slug":"the-enigma-of-ai-backed-bps","status":"publish","type":"post","link":"https:\/\/cyfuture.com\/blog\/the-enigma-of-ai-backed-bps\/","title":{"rendered":"The Enigma of AI-backed BPS"},"content":{"rendered":"\n<p>The never-ending loop\nof customers and business has taught us one thing: there are millions of ways\nusing which we can reach the elite tier in any sector if we are willing to adapt.\nBusiness process outsourcing, the industry that once was dependent on call\ncenters is now a contradistinctive sector. With Artificial Intelligence now\nfusing into business process services, the blueprint of the business industry has\nbeen given a systemic makeover\/redesigned. <\/p>\n\n\n\n<p>Customers hold the whip of a businesses\u2019 success and no organization is ready to slip the slightest profit-making chance to its rivals, owing to technological disruptions that are remodeling everything from top to bottom. Therefore, every <a href=\"https:\/\/cyfuture.com\/business-process-services.html\">BPS company<\/a> today looks to integrate its operations with the latest technologies like AI and RPA to ensure high performance, flexibility, seamless operations, and an encouraging ROI. <\/p>\n\n\n\n<p>Keeping this in\nconsideration, we are going to discuss the ambiguities and obscurities that\nswirl around the amalgamation of AI and BPS as a whole. <\/p>\n\n\n\n<h2>The Push &amp; Pull of AI-backed BPS ( Business Process Services )<\/h2>\n\n\n\n<p>The machines have\nascended and the conundrum of whether AI will be a helping hand or an\nantagonist with respect to the BPS industry is keeping a lot of industry\nexperts awake. What\u2019re your thoughts? Do you think that the rise of AI will\nactually weed out supplant the entire BPS sector? <\/p>\n\n\n\n<p>Currently, AI-based\nbots have created the maximum hue and cry in the outsourcing sector. These bots\nfollow the pre-set programs that make them efficient enough to read human\nqueries, interpret them, and present a suitable response. What\u2019s intriguing\nabout these bots? Chatbots are swift in replying to customers\u2019 queries, and\nthat lifts your brand image splendidly. A live chat agent could get tired\nhandling a streak of queries and complaints but a chatbot can do that 24*7\nwithout any friction. Also, AI helps the chatbots to manage multiple queries at\nthe same time without the minutest chance of error. <\/p>\n\n\n\n<p><strong>Another Article related to Chat bot<\/strong>: <a href=\"https:\/\/cyfuture.com\/blog\/chatbots-live-chat-a-sprint-to-sublime-customer-service\">Chatbots\n&amp; Live Chat | A Sprint to Sublime Customer Service<\/a><\/p>\n\n\n\n<p>A lot of web-based\nbusinesses contribute a lot of their time and efforts handling the subtle\nqueries and tasks (like transactions, order requests, etc) that bring their\nefficiency down. With the help of chatbots, organizations are now looking to\naccomplish precision with high performance. It is a testament to the\nunavoidable applicability of chatbots that the biggest brands have already\nimplemented them. <\/p>\n\n\n\n<p>In addition to this,\nAI is also boosting business process services like data mining, extraction, and\nmanagement. With humungous data flow now happening in every web-based business,\nproper management and analysis of such data becomes an arduous task for humans.\nWith the help of AI, the handling and inspection of <a href=\"https:\/\/cyfuture.com\/bigdata-analytics.html\">Big Data<\/a> have\nbecome simpler for enterprises. BPS companies are now providing effective data\nmanagement services to top-notch brands that are looking to take a business\ndecision on the basis of the insights and interpretations that are extracted\nout of information with the help of artificial\nintelligence. <\/p>\n\n\n\n<p>With so many benefits\nand goodwill generation, how can AI be anything other than a \u2018good boy\u2019 to the\nBPS sector? Well, the biggest threat that AI poses is that it will gobble up\nthe jobs in this sector. Industry experts and veterans believe that AI means\nhumans won\u2019t be required anymore. Already, more than 50% of the private\nhospitals in the USA have chatbots implemented in their customer support.&nbsp; <\/p>\n\n\n\n<p>Also, when it comes to\ncall centers, AI is the biggest menace as of now. Call centers had an\nincredible time in the outsourcing industry for a couple of decades. With\nchatbots now handling calls too, there is a fear that AI will soon dethrone the\nhuman agents. But we cannot blame AI for this. Chatbots are efficient,\naccurate, faster, result-oriented, and can work around-the-clock without\ngetting drained. Businesses need such support systems to reach the apex in the\nmarket. <\/p>\n\n\n\n<p><strong>Most Readable Blog based on AI:<\/strong> <a href=\"https:\/\/cyfuture.com\/blog\/ai-can-a-machine-ever-be-human-convincingly\">Can a Machine Ever Be Human, Convincingly?<\/a><\/p>\n\n\n\n<p>But there is a catch\nin all this fuss about AI. Some BPS like telemarketing, lead generation, etc\nare quite intense in terms of communication. Telemarketing and lead generation\nare time-consuming processes that require empathetic behavior and patience\nalong with improvisations as per the customer. AI is good, it is quick, it is\nextremely precise &#8211; but it is not human. What makes us superior to AI is the\nability to empathize with another human, which is the biggest catalyst in\npulling in customers for your business. <\/p>\n\n\n\n<p>Call centers gained\nprominence because the agents were able to listen, empathize, and then offer a\nsolution to the customers. Suppose an angry customer is calling and an\nAI-backed chatbot picks the call. Do you think a chatbot will be able to calm\nthe customer? It will reply swiftly with the most appropriate response, that\u2019s\nit. <a href=\"https:\/\/cyfuture.com\/artificial-intellegence.html\">Artificial\nintelligence<\/a> still has miles to go before it reaches the emotional\nintelligence level of humans. IMHO, no technology can reach that. AI can beat\nus in computational competency but when it comes to analyzing sentiments and\nemotions, humans will always be the master. <\/p>\n\n\n\n<p>With the integration\nof AI and BPS, there would be the eradication of few jobs but all in all, more\njobs will come into existence. There would be a need to handle the AI-support\nand humans will be deployed to do so. In the customer service segment, AI will\nbe playing a supporting role to the humans where the extraneous and subtle\ntasks will be handled by this technology and complicated queries will be\nredirected to the agents. Similarly, in data handling tasks, businesses will\ngain from the swift computational proficiency of AI but the decision based on\nthe analysis will be taken by humans only. <\/p>\n\n\n\n<p>&nbsp; So, the fear of AI taking over humans, especially in the BPS industry, is nothing but a wave of uncertainty that soon will fade away. AI is here, it will flourish, and will become an integral part of our lives. BPS and call centers will never meet their doom because a human\u2019s emotional quotient is and will be quintessential at major customer touch points. The role and the functioning pattern may change, but the requirement of humans and their higher wits will always be there. <\/p>\n\n\n\n<h2>AI: Humanity\u2019s biggest fantasy<\/h2>\n\n\n\n<p>Human curiosity is the\nultimate source of every invention. Take the unusual ascent of Artificial\nIntelligence, for example. If you think that artificial intelligence is the\ninvention of modern men, you are mistaken. &nbsp;<\/p>\n\n\n\n<p>The concept of\nmachines or non-living objects coming to life has its place in Greek mythology\nitself. However, the actual term \u2018Artificial Intelligence\u2019 was minted in 1956,\nat a conference at Dartmouth College, in New Hampshire. It was magical. The\nconcept of making machines do human tasks put invigorated every imaginative\nbrain in the western community to think of the limitless possibilities that could\nbe brought to fruition. This made the renowned mathematicians, scientists, and associated\ndignitaries start putting in efforts to make the theory a reality. <\/p>\n\n\n\n<p>For a few years, AI\nwas a mere concept. It took a good couple of decades to collect enough\nattention and funds to develop enhanced machine learning programs smart enough\nto carry out the business tasks without any requirement of human intervention. <\/p>\n\n\n\n<p>AI has begun and has already\npenetrated the mundane operations of our lives and we don\u2019t even know it yet. From\nthe biggest example of AI that we have been using since a decade, Google, to the\nau courant applications of AI such as Uber, AirHelp, Siri, Alexa, etc., this contemporary\ntech has left no business sector untouched by its pizzazz. <\/p>\n\n\n\n<p>However, the acute\nclimb of AI has also put one industry in a big dilemma anent its viability and future\ncourse: the outsourcing industry. <\/p>\n\n\n\n<h2>A Mashup of Outsourcing and Technology <\/h2>\n\n\n\n<p>Outsourcing, the term\nthat came in motion into being as a cost-cutting method for the American and\nEuropean organizations in the early 70s, has been transformed in terms of its\nutility and benefits altogether. What was previously a step to save operational\nexpense by delegating business tasks to service providers in third-world\nnations where labor was cheap and the cost to raise infrastructure was low, is\nnow an extension of organizations\u2019 expansion strategy, branding plan, and sales\nincrement tactic. <\/p>\n\n\n\n<p>With the burst of the Internet\nbubble, outsourcing made space for IT support call centers to step in and revolutionized\nthe entire business spectrum in the late 90s. These call centers became the\nsupport heroes for organizations doing their business overseas. Within a short\nspan, call centers become the main source of customer service, help desk, phone\nanswering, telemarketing, and similar tasks for Western companies. <\/p>\n\n\n\n<p><a href=\"https:\/\/cyfuture.com\/blog\/emerging-trends-in-big-data-for-2019-and-beyond\">Emerging\nTrends in Big Data for 2019 and Beyond!<\/a><\/p>\n\n\n\n<p>Soon, another\ntechnological whirlpool engulfed the outsourcing sector in its clutches. With\ncloud computing playing a vital role in offering shared space where multiple\nenterprises can trade, exchange information, and deliver services, business\nprocess outsourcing became business process services (BPS), a much more suited\nterm. <\/p>\n\n\n\n<p>Today, the entire\napprehension arena of business process services is quite wide and consists of providing\nmultiple solutions. Apart from the conventional business solutions like\nback-office, HR, customer support, order taking, help desk etc, the functions\nthat are outsourced in the current scenario are web hosting, web development\n&amp; maintenance, application development &amp; maintenance, digital\nmarketing, content creation, finance, web chat, etc. <\/p>\n\n\n\n<p>Moreover, with a\nlucrative integration of BPS and state-of-art technologies like AI and RPA, the\nfuture of BPS has become fuzzy. \n\nShare your views in the comment section. Thanks!\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The never-ending loop of customers and business has taught us one thing: there are millions of ways using which we can reach the elite tier in any sector if we are willing to adapt. Business process outsourcing, the industry that once was dependent on call centers is now a contradistinctive sector. With Artificial Intelligence now [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[42,31],"tags":[13,14,15],"_links":{"self":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts\/321"}],"collection":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":4,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts\/321\/revisions"}],"predecessor-version":[{"id":35783,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts\/321\/revisions\/35783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/media\/426"}],"wp:attachment":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/media?parent=321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/categories?post=321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/tags?post=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}