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AI-Powered Customer Service: Friend or Foe? Why Digital CX is Failing (and How to Fix It)

Premier BPO

A recent Forrester report reveals a concerning trend regarding the Customer Experience (CX) quality for US brands, falling for the third year and sitting at its lowest point since the inception of the CX index in 2016.

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Top Offshore Software Development Companies in 2024: Best Picks for Your Projects

Groove Technology

Offshore software development involves partnering with development teams located in different countries, often with the dual objectives of reducing costs and accessing a diverse talent pool. One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models.

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Everything You Need to Know About the Evolution of BPO

Metasource

Ultimately, this helped businesses gain a competitive advantage, reduce costs, and improve customer service simultaneously. According to McKinsey , between 2016 and 2020, the amount of closed BPO deals with at least one digital component doubled and the amount of new deals with a digital component increased by 50%.

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List of Companies That Outsource Call Centers

Magellan Solutions

In 2016, some onshore call center workers at Verizon engaged in a seven-week strike in the Philippines. The management believed that it would help the company in reducing costs while maintaining and enhancing the quality of customer service. The lower labor costs in developing countries make it possible.

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2022 Latest Report: Statistics on the Philippine BPO Industry

Magellan Solutions

In addition, many companies providing international business services are including offshoring and outsourcing into their plans to reduce costs across nations. Technological advancements may slow the growth of some low-end services, perhaps lowering the required manpower from 525,000 FTEs in 2016 to roughly 482,000 FTEs by 2022.

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Why Do Companies Outsource Software Development?

3Pillar Global

In 2016, the leading driver for using outsourcing services , according to business executives, was to cut costs. These burdens could be labor costs or a lack of in-house talent. 36% hope to reduce labor costs. 36% aim to increase capacity. 36% are looking to improve service quality.

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Companies That Outsource Call Center Operations

Magellan Solutions

In 2016, some onshore call center workers at Verizon engaged in a seven-week strike in the Philippines. The management believed that it would help the company in reducing costs while maintaining and enhancing the quality of customer service. The lower labor costs in developing countries make it possible.