Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > New tech, new business strategies, new focuses: How to provide better customer experiences in 2022
    Technology

    New tech, new business strategies, new focuses: How to provide better customer experiences in 2022

    Published by Wanda Rich

    Posted on January 18, 2022

    6 min read

    Last updated: January 28, 2026

    An image depicting advanced radio frequency beauty equipment used in non-invasive cosmetic treatments, reflecting the growing market demand highlighted in the article on global sales trends.
    Radio frequency beauty equipment showcased in a modern spa setting - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Learn how AI, IVAs, and centralized data can transform customer experiences in 2022. Embrace innovation and empathy to meet customer expectations.

    How to Enhance Customer Experiences with New Tech in 2022

    By Brian Atkinson, Vice President and General Manager EMEA, Five9  

    As we leave the last 18 months of uncertainty and accelerated change behind, what next for customer engagement? Where will the momentum of innovation take us, and how can businesses ensure they don’t get left behind? Read on for five predictions that will help you stay ahead of customer expectations next year.

    1 – Say goodbye to phone queues, say hello to IVAs  

    2022 must see the complete uprooting of the ‘press 1’ tree of frustration that is IVR. With accelerated investment across channels such as webchat, SMS and WhatsApp, investment in voice and call experiences is sorely lacking. Reliance on mazes of IVR routing continues to waste customers’ precious time and often fails to provide the solutions they need.

    This needs to change, and we are already seeing forward-thinking organisations enhancing the voice experience through next-level IVA (intelligent virtual agents) technologies that shift away from poor, legacy IVR technology and into a natural language, conversational experience underpinned by AI (Artificial Intelligence). It’s time to embrace seamless customer experiences powered by modern technologies and consign frustrating IVR experiences, bogged down in obsolete technology, to the bin. 

    2 – AI to support the workforce

    AI has been slow to realise its potential while organisations have been asking what it can actually deliver in the CX arena, and how. The confusion is now lifting as we are seeing how AI capabilities can holistically impact the entire customer journey. We’re now at a point where we can entrust a ’digital workforce’ of intelligent virtual agents, underpinned by AI to deliver experiences for us.

    With practical AI beginning to crystallise, we’ll see customer service increasingly powered not only by humans who have rich data and insight at hand, but by digital agents that can also respond to many requests intelligently.

    With more AI deployments coming to life in the next 12 months, this interest will turn from curiosity to action. We will see more organisations seeking to harness AI to enable a digital workforce of intelligent automation while empowering ‘real-life’ customer experience agents to deliver that ever-vital human touch. 

    3 – Centralised data: the catalyst for innovation

    We’ve been talking about silos for many years but are now truly starting to see those break down, especially in the large enterprise. In the next 12 months, organisations that want to exercise innovation must focus on ending data silos and embracing boundaryless and secure access to data across their systems. Opportunities for automation, AI, machine learning – and even some of the most basic insights are being lost due to continued siloing of data. 

    This can even go beyond stamping out internal silos, to embracing a decentralised data link approach, leveraging technologies like blockchain, and using cloud-based AI services by vendors such as Google or IBM Watson. Here, third-party services can anonymously analyse millions of customer interactions to help train natural language processing systems, for example. This feeds back into application innovation for all. For example, the development of automated dashboards for agents, who can gain amazing insight into the customer, immediately, at the right time and the right place. 

    Without boundaryless data, this type of innovation cannot be realised. 

    4 – Empathy can inspire loyalty

    With supply chain issues looking to roll forward into the next year, there must be a continued focus on empathy as part of the customer experience. While organisations may not be able to exert control over many of the variables affecting the supply chain – chip shortages and port blockages, for example – they can return to the six pillars of customer experience, in particular empathy, personalisation, and effort. 

    This means clear and regular communication, flexibility and understanding. At its most basic, sticking to rigid returns policies at a time like this won’t serve anyone. Levelling up, this can mean offering customers personalised options when disruption does hit. For example, if a customer has ordered a new car and we know that chip delays will delay delivery, can they be contacted in advance to choose whether the cruise control option they selected is essential, or just a nice to have? If not, perhaps they would be happy to accept a different model sooner? 

    Resolving frustrations and ensuring that customers feel heard and valued will have higher stakes than ever. For example, our recent research shows that nearly half (47%) of surveyed consumers said they are likely to share negative experiences from online shopping on social media platforms. This proves that retailers are just one bad interaction away from a social storm, threatening brand loyalty across the board. . 

    It’s not about delivering the impossible, but about having the data and tools we need to be able to communicate empathically, and provide options and flexibility. Technology can help identify these opportunities and then deliver feedback on how that flexibility was received by the customer, helping to power the next experience, for the next customer. As such, technology will open more doors for companies to deliver empathy-driven, personalised experiences that engender loyalty even in the face of disruption. 

    5 – Cloud is the key to unlocking digital transformation

    Without widespread cloud adoption, none of the previous innovations will be realised. Innovative organisations know that, and 2022 will see the continuing march towards cloud ubiquity enabling smarter, more powerfully personalised customer experiences. The benefits of cloud adoption are myriad: flexibility, reliability, agility. Testament to that, around 75% of organisations are now taking a cloud-based approach to customer experience. 

    Both smaller organisations and large enterprises are moving to cloud models to take advantage of the latest technologies powering application development, such as Kubernetes and Docket Containers. When it comes to novel adoption of AI, of NLP and IVAs, cloud is the enabler. It allows organisations to take advantage of third-party innovation, layering of APIs, and access to capabilities way beyond the capabilities of on-premises. In the next 12 months there is no question that the cloud will dominate customer experience conversations, and those that are still wavering are set to get left behind. 

    Key Takeaways

    • •IVAs will replace outdated IVR systems.
    • •AI supports both digital and human customer service.
    • •Centralized data is crucial for innovation.
    • •Empathy is key to customer loyalty.
    • •Breaking data silos enhances automation.

    Frequently Asked Questions about New tech, new business strategies, new focuses: How to provide better customer experiences in 2022

    1What is the main topic?

    The article discusses improving customer experiences in 2022 using new technologies like AI and IVAs.

    2How can AI enhance customer service?

    AI can support both digital and human agents, providing intelligent responses and rich data insights.

    3Why is centralized data important?

    Centralized data eliminates silos, enabling innovation and better automation in customer service.

    More from Technology

    Explore more articles in the Technology category

    Image for Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Image for BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    Image for Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Image for Over half of organisations predict their OT environments will be targeted by cyber attacks
    Over half of organisations predict their OT environments will be targeted by cyber attacks
    Image for Engineering Financial Innovation in Renewable Energy and Climate Technology
    Engineering Financial Innovation in Renewable Energy and Climate Technology
    Image for Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Image for Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Image for In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    Image for Ballerine Launches Trusted Agentic Commerce Governance Platform
    Ballerine Launches Trusted Agentic Commerce Governance Platform
    Image for Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Image for The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    Image for Navigating Data and AI Challenges in Payments: Expert Analysis by Himanshu Shah
    Navigating Data and AI Challenges in Payments: Expert Analysis by Himanshu Shah
    View All Technology Posts
    Previous Technology PostArtificial Intelligence and Machine Learning: preventing financial fraud
    Next Technology PostTop 5 Digital Transformation Challenges In Wealth Management