Gain access to resources and project updates

Register or log in to save your details for future use
First name
Last name
Business email
Company name
Job title

TM Forum will be processing the above information, with the assistance of our service providers located within and outside the European Union, to manage your registration to this event or report download, as well as to keep you informed about our services and products, future events and special offers, the organization of events, providing training and certification, and facilitating collaboration programs. Privacy policy

I wish to receive further information from the Catalyst Team about their products and service by electronic means. Check the "Team Members" section of this Catalyst Project to review the companies that will receive your information. Companies may join the project in the future, so please check back periodically for any updates

logologo
All Moonshots

GenAI genie redefines CX

URN M24.0.634
Topics AI (Artificial Intelligence), Customer experience management, Customer Relationship Management (CRM)

Increasing customer lifetime value through generative AI

featured image
CSPs’ customer support and service centers can at times become overwhelmed – meaning they can overlook important aspects of customer interactions, such as the individual’s service history and previous incidents. Generative artificial intelligence (genAI) could help CSPs address this challenge and ultimately transform telecoms customer service by correlating full customer history records with actual network events and real-time interactions. To that end, this Catalyst will use genAI to develop an interactive interface that can fully understand the customer intent and sentiment and can resolve issues automatically. It will create a domain-specific genAI system by linking CSPs’ proprietary models with public large language models (while meeting privacy and legal obligations) and then refine that system over time. When the customer makes an enquiry through chat or voice, the proposed solution would use speech, text and/or video to deliver hyper-personalized conversations to help customers fix problems. These could include Wi-Fi coverage holes, subscription issues, billing questions, plan changes (including automatic discounts) and upselling relevant products. The aim is to develop a system that can progress through a sequence of correlation, scoring, insight and action in just 8 milliseconds. As better customer service will create enthusiasm and stickiness for a CSP’s brand, the solution should improve CSPs’ net promoter scores (NPS), ultimately increasing customer lifetime value. At the same time, CSPs will be able to reduce costs, allowing employees to focus on more value added and complex interactions: those that need empathy and a human touch. The project team will measure the success of the solution by tracking the impact on CSPs’ revenue, profitability and operational efficiency. It plans to provide a full business value calculator that will predict the return on investment (ROI) of a deployed production version of the solution. The goal is to exceed the 641% ROI (over a three year period) achieved in phase one of the catalyst, which employed hyper-personalization to improve customer satisfaction, reduce churn and increase customer lifetime value.

Contact team

Email the members of the Catalyst team to request more details.

Name
Email

Team members

Accenture logo
Bell Canada logo
Champion
Elisa Corporation logo
Champion
Google Cloud logo
Pegasystems, Inc. logo
Saudi Telecom Company logo
Champion
Turknet logo
Champion
Verizon Communications logo
Champion
Vodafone GmbH logo
Champion
Vodafone Group logo
Champion

Related projects