{"id":181741,"date":"2017-03-06T15:08:02","date_gmt":"2017-03-06T20:08:02","guid":{"rendered":"http:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/welcome-to-the-new-automation-age-business-2-community\/"},"modified":"2017-03-06T15:08:02","modified_gmt":"2017-03-06T20:08:02","slug":"welcome-to-the-new-automation-age-business-2-community","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/automation\/welcome-to-the-new-automation-age-business-2-community\/","title":{"rendered":"Welcome to the New Automation Age &#8211; Business 2 Community"},"content":{"rendered":"<p><p>    When it Comes to the Economy, Automation is    Buzzing  <\/p>\n<p>    The rise of robotics, artificial intelligence, and machine    learning have put us on the brink of a new automation age,    projected to last from 2015 to 2085, according to McKinsey.    Unlike the type of automation we witnessed during the    Industrial Revolution, during which the steam engine replaced    routine physical work activities, the changes we can expect    from this new transformative period will center around    cognitive capabilities, like consequential decision-making,    tacit judgments, and sensing emotion. These activities have    traditionally required a college degree, which is why the world    is now alarmed at the broad swaths of the job market at risk of    becoming obsolete.  <\/p>\n<\/p>\n<p>    Clearly, there are unparalleled productivity gains from this    new type of intelligent automation. But what are the    implications for customer-facing functions like customer care    and support? And what limits should be placed on how much    automation is allowed in these spaces?  <\/p>\n<p>    Automation: a Friend or Foe?  <\/p>\n<p>    According to Fast Company, automation    is expected to eliminate 6% of US jobs in the next five years.    Other observers and experts, like IBM CEO Ginni Rometty, have    stated that while AI will reduce jobs in the industrial and    manufacturing sectors, the corresponding increase in    programming and development roles will lead to net job    creation. As far as customer service agents are concerned,    chatbots probably pose the biggest risk to job loss. But like    Rometty, I feel that the effects of automation are not so    black-and-white.  <\/p>\n<p>      We could reframe the threat of automation as an      opportunity for augmentation-Harvard Business      Review    <\/p>\n<p>    My prediction is that, as customers continue to demonstrate    their preference for effortless, mobile-friendly channels like    messaging apps over phone calls, the model for customer service    will likely shift towards a smaller number of specialized,    highly trained, insourced customer care agentswho, with    support from technology like machine learning, auto-tagging and    intelligent distribution of    actionable conversions (also known as PLAY), will be able    to handle a larger volume of customers inquiries.  <\/p>\n<p>            Webcast, March 15th: How to Scale Upmarket with      Enterprise Field Sales    <\/p>\n<p>    Whereas traditional customer service staff often function on    the level of rote memorizationreading from outdated,    standardized scriptsthe ability to interface with various    intricate technologies will actually boost the value of todays    social customer service agents on the job market.  <\/p>\n<p>    Partial Phase-Out: What Automation Will and Wont    Change  <\/p>\n<p>    In part, some of the panic over automation is a natural    reaction to the way its been framed. When we talk about the    new automation age, its important to recognize that individual    activities are a better unit of measurement than entire    occupations. As McKinsey points out, rather than replacing jobs    outright, automation will often mean that certain tasks    become more efficient.  <\/p>\n<\/p>\n<p>    Following the framework detailed in the above chart, we can say    that customer service involves a mix of data collection,    data processing, and stakeholder interactions. According to    McKinseys analysis, the latter activityin which the agent    speaks to the customer directlyis less susceptible to    automation than the others. Why is that?  <\/p>\n<p>    The answer, in part, is that modern consumers are simply fed up    with the type of non-personalized, synthetic resolution they    receive from call centers, and need to feel like they are    interacting with a human who can speak to them about their    issues in a way thats natural, relatable and    down-to-earthespecially if they are upset or already    frustrated with attempting to fix their issue.  <\/p>\n<p>    So chatbots will not necessarily make social customer service    agents obsolete, but will work with them as a kind of personal    assistant, serving as the initial, high-level touch point of    requests, and escalating issues when they become more complex.    A perfect example of this workflow can be illustrated by    Twitters DM Dispatcher by Conversocial, a functionality that    prompts customers to proactively provide details on the service    issue at the first point of contact, eliminating the initial    back-and-forth between agents and customers to gather more    context. And, as these technologies enable customers to get    even complex issues solved in-the-moment, at the touch of a    button, more customer care volume will shift away from phone    calls and into messaging.  <\/p>\n<p>    The Tradeoffs of Automation  <\/p>\n<p>    According to McKinsey, technical feasibility is just one of the    components that needs to be addressed when predicting the    impact of automation, but not the only relevant factor. Another    to consider is the side effects beyond the cost reduction    derived from labor substitution. For instance, what would    happen to customer satisfaction scores if service interactions    are completely automated and robotized? Are companies    jeopardizing the incremental value of increased retention and    satisfaction by focusing too much on cost reduction? There must    be a balance.  <\/p>\n<p>    Another factor to consider is regulatory and    social-acceptance issues, such as the degree to which machines    are acceptable in any particular setting. A robot may, in    theory, be able to replace some of the functions of a nurse,    for instance. But for the time being, most patients would    reject fully robotic treatment, in favor of an actual health    care professional, capable of answering complex questions and    handling emotional situations. Likewise, in customer service,    people will still expect a degree of human contact when it    comes to the more time-sensitive, emotional issuessuch as when    a customer needs to cancel a stolen credit card, or change a    flight at the last minute.  <\/p>\n<p>    The Future is Humanity at Scale  <\/p>\n<p>    Unleashing automations full potential requires people and    technology to work together. And although our initial instinct    is to resist the upheaval of potential job loss, an integrated    approach that makes life easier and effortless for customers    will encourage them to turn to social, messaging and digital    channels to resolve more and more of their conflicts,    ultimately creating more and new future jobs in the social    customer service sector.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Go here to see the original:<\/p>\n<p><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.business2community.com\/marketing-automation\/welcome-new-automation-age-01787440\" title=\"Welcome to the New Automation Age - Business 2 Community\">Welcome to the New Automation Age - Business 2 Community<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> When it Comes to the Economy, Automation is Buzzing The rise of robotics, artificial intelligence, and machine learning have put us on the brink of a new automation age, projected to last from 2015 to 2085, according to McKinsey. Unlike the type of automation we witnessed during the Industrial Revolution, during which the steam engine replaced routine physical work activities, the changes we can expect from this new transformative period will center around cognitive capabilities, like consequential decision-making, tacit judgments, and sensing emotion. These activities have traditionally required a college degree, which is why the world is now alarmed at the broad swaths of the job market at risk of becoming obsolete.  <a href=\"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/automation\/welcome-to-the-new-automation-age-business-2-community\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187732],"tags":[],"class_list":["post-181741","post","type-post","status-publish","format-standard","hentry","category-automation"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/181741"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=181741"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/181741\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=181741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=181741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=181741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}