2020-2021 Intelligent Virtual Agent (IVA) Product and Market Report – Essential Solutions in the Midst of COVID-19

Dublin, July 10, 2020 (GLOBE NEWSWIRE) — The “2020-2021 Intelligent Virtual Agent Product and Market Report” report has been added to ResearchAndMarkets.com’s offering.
The critical role of IVAs on the front line of self-service during the COVID-19 crisis has eliminated any doubt about the efficacy of these solutions. Once the recovery process is underway and the new normal takes hold, adoption is expected to increase.Essential solutions in the midst of COVID-19The pandemic has highlighted the need for organizations to develop and implement reliable disaster recovery (DR)/business continuity (BC) plans as well as comprehensive self-service solutions. In the world of customer service, IVAs are becoming mission-critical tools as organizations strive to maintain their service levels while responding to today’s unprecedented service demands. IVAs provide 24 x 7 support, in some cases providing fully automated self-service to replace a diminished staff of live agents.IVAs have many advantages over outdated, inflexible IVR solutions. IVAs can be programmed and implemented rapidly, in some cases without the assistance of IT staff. IVAs are using artificial intelligence (AI) and machine learning (ML), which enable them to respond to customer inquiries with concierge-style service. Consumers can utilize natural language to speak or write an inquiry, and when an IVA needs to escalate a transaction to a live agent, it can pass on the transaction with context and stay on the line, using ML capabilities to listen and learn so that it can handle similar transactions more effectively on its own in the future. IVAs can improve internal business processes as they assist employees by automating tasks, increasing productivity and improving accuracy.Timely and comprehensive analysis of this critical sectorThe report provides an in-depth analysis of these solutions, which should become an elemental part of the strategic direction of contact centers and customer service departments. This Report examines the IVA market, competitive landscape, technology, products, functional capabilities, and the business, servicing and market trends that are driving adoption and innovation. It features 7 leading and contending vendors who offer IVA solutions that address front- and back-office functions and other enterprise-wide uses: Artificial Solutions, Avaamo, Inference Solutions, Kore.ai, Omilia, Rulai and Verint Systems.The report includes:Definition of an IVA and the key distinctions between IVAs and robotic process automation (RPA)High-level overview of the underlying technical components of IVA solutionsMarket trends and challenges that are driving interest, adoption and innovation in this sectorIVA vendor innovation and near-term roadmaps, including new product features and what is planned to be delivered in the next 12 – 18 monthsInsightful discussion of the foundational role of AI and automation in contact center applications and their impact on the contact center of the futurePredictions for the future of IVA and self-serviceReview of how IVAs are delivering seamless and intelligent self-service in the customer’s channel of choiceA look at the top use cases for IVAs in the contact center and back office, and the growing number of applications for IVAs across the enterpriseIVA vendor market activityReview of the IVA competitive landscape, including the technology sectors that are developing AI-based IVA solutions and an overview of the 7 featured IVA vendors, their product offerings and packaged solutionsDetailed side-by-side comparative analysis of the technical and functional aspects of the 7 featured IVA solutionsImplementation analysis, including vendor methodology, best practices, professional services, training, maintenance and supportIVA benefits and return on investment (ROI) analysisIVA pricing structure, by vendorResults of a comprehensive customer satisfaction survey, which ranks vendors based on customer satisfaction across 10 product capabilities, 10 product effectiveness categories and 10 vendor categoriesDetailed company reports for the 7 IVA vendors, analyzing product functionality and near-term product roadmap deliverablesIVA Vendor DirectoryKey Topics Covered
1. Executive Summary2. Introduction3. Research Methodology
3.1 Report Participation Criteria4. Intelligent Virtual Agents Defined
4.1 IVA vs. RPA5. Anatomy of an IVA
5.1 High-Level Technical Components6. IVA Trends and Challenges
6.1 IVA Trends
6.2 IVA Challenges7. IVA Market Innovation8. AI: The Force Behind the Contact Center of the Future9. Projections for the Future of Self-Service10. IVAs: Intelligent Self-Service in the Customer’s Channel of Choice
10.1 Customer-Facing Use Cases
10.2 Escalating from Automated to Live Assistance11. IVA for the Enterprise
11.1 Contact Center Use Cases
11.2 Non-Contact Center Use Cases12. IVA Market Activity Analysis13. IVA Market Projections14. IVA Competitive Landscape
14.1 IVA Company Snapshot
14.2 IVA Vendor Offerings and Products
14.3 Packaged IVA Offerings15. IVA Technical Analysis
15.1 High-Level Technical Analysis
15.2 High-Level Cloud Infrastructure
15.3 Integration
15.4 Security and Compliance16. IVA Functional Analysis
16.1 High-Level Functional Analysis
16.2 Administration/Design and Content Development Environment
16.3 Accuracy and Tuning
16.4 Dashboards, Reporting and Analytics17. IVA Implementation Analysis18. IVA Benefits and Return on Investment19. IVA Pricing Structure20. IVA Vendor Satisfaction Survey and Analysis
20.1 Summary of Survey Findings and Analysis: Vendor Categories
20.1.1 Vendor Satisfaction by Category and Customer
20.2 Summary of Survey Findings and Analysis: Product Capabilities
20.2.1 Product Capabilities Satisfaction Ratings, by Category and Customer
20.3 Summary of Survey Findings and Analysis: Product Effectiveness
20.3.1 Product Effectiveness Satisfaction Ratings, by Category and Customer
20.4 Customer Background and Insights
20.4.1 Business Units Using IVAs
20.4.2 Channels Supported
20.4.3 Top 3 Benefits from IVA Solutions
20.4.4 Top 3 IVA Challenges
20.4.5 Additional Comments21. Company Reports
21.1 Artificial Solutions
21.2 Avaamo Technologies, Inc.
21.3 Inference Solutions
21.4 Kore.ai
21.5 Omilia Natural Language Solutions Ltd.
21.6 Rulai
21.7 Verint SystemsFor more information about this report visit https://www.researchandmarkets.com/r/trpt78Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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