12 Creative Use of Predictive Analysis in BPO Philippines

A blog banner by Magellan Solutions titled 12 Creative Use of Predictive Analysis in BPO Philippines

A blog banner by Magellan Solutions titled 12 Creative Use of Predictive Analysis in BPO Philippines

Here’s how BPO Philippines Leverage Predictive Analysis to enhance their service delivery

 

BPO Philippines is making use of innovative technologies like AI, machine learning, speech analytics and especially predictive analytics. This is for them to provide more comprehensive support for companies that outsource to Philippines

BPO companies in Metro Manila use these technologies to improve customer support experience, boost agent productivity, and efficiency.  

What is Predictive Analysis

This is branch of advanced data analytics that makes predictions based on historical data. In combination with data mining techniques, statistical modeling, and machine learning. Outsourcing companies use predictive analysis to identify patterns, as well as risk and opportunities. 

This is especially helpful for call center companies as they gather useful data from conversation with customers. Such examples are text from chat and emails, voice patterns and tonal changes during calls. 

 

Creative Application of Predictive Analysis in the BPO Philippines Landscape

 

Business process outsourcing industry in the Philippines leverages predictive analysis to provide clients with data-driven support. This also provides clients with insights that help in their decision-making. 

Here are the following of its creative application:

Application #1: Improves Customer Retention Rate

A client in the wordpress space with SaaS plugin. During a review of their support department, they discovered the following distinction among their clients:

  1. Clients who got in touch by phone had a better overall retention rate as opposed to clients who only used emails
  2. Clients who contacted contact support outsourced from BPO Philippines also stayed longer

Predictive analysis helps BPO companies in the Philippines to be as responsive and provide satisfying support to customers to earn their trust and loyalty. It also help companies that outsource to Philippines to simplify the process of transitioning from email to live call. 

Which in turn resulted in retention rate and lifetime value of each customer by at least 5% to 6%. 

Application #2: Track Success of Marketing Campaign

This has been useful for the financial sector. Predictive analysis is used for tracking purposes. In particular, whether people are buying off due to a marketing campaign. This is for early projection on how a particular campaign will succeed. 

Even without using the number of calls they receive or not receiving at all within the duration of the campaign. 

Business process outsourcing industry in the Philippines uses predictive analysis, in particular speech mining software to track phrases in relation to the particular marketing strategy. 

Application #3: Success Prediction of a Follow Up Call

The use of predictive analysis provides a great boost for BPO companies in Metro Manila that focuses on how they deliver services to clients worldwide. 

This has been useful to predict the success of a follow up call. As well as it has proven its capability to effectively determine the customer intent. 

This is possible through the analysis of the following:

  • Customer buying history
  • Words and phrases they use and its frequency in the conversation
  • Number of times a call center calls the customers for a follow up or vice versa

Predictive analysis provided companies that outsource to Philippines their contact support to determine if a follow up call will lead to a sale. This in turn helps agents to focus on leads or customers that will most likely make a sale. 

Application #4: Speech Pattern to Enhance Customer Experience

Speech analytics is one of the most used form of predictive analysis that greatly helps BPO Philippines to enhance their services especially as a top destination for voice services. 

For this particular solution, it is a tool that analyzes the tone, pacing, and hold times of both the agents and customers. Also taken into consideration are the following:

  • Who is talking over the other, agent or customer or vice versa
  • How often
  • What’s being said

These bits of information give call center agents with consistent feedback on each call. Which helps them zoom in which practice works best when dealing with irate, flat out mad, or simply rude customers. 

Application #5: Conversational Bots to Influence Personalized Decisions

The use of conversational AI is a key player in the outsourcing industry, especially for contact support centers. 

Machine learning and predictive analysis assist in evaluating behavioral patterns. This helps companies that outsource to Philippines a better strategy for the following:

  • Up sales
  • Improvements
  • Problem resolutions by analyzing previous customer behavior
  • Predict future insights bases on customer behavioral patterns

Outsourcing companies in the Philippines that offer voice services collect a vast amount of data from past purchases. Which in turn results in the final outcome of personalized and tailored suggestions that boost customer experience and customer retention 24/7. 

In addition, predictive analytics plus sentiment analysis enhance customer experience to determine the these:

  1. Identify the best approach to specific queries
  2. Anticipate significant directions in the customer life cycle

This has been useful for inbound call centers BPO Manila Philippines. As it provides information on how to approach customers based on their dissatisfaction and risk of churning. Predictive analysis then suggests short-term or long-term promotions.

While for outbound BPO companies in the Philippines its application is to receive insights on the best approaches on pricing and product strengths depending on past data.

Application #6: Increase Sales and Productivity by Predicting Future Outcomes

Efficiency of predictive analysis relies on the use of algorithms and past historical data. Companies that outsource to Philippines leverage this for customer retention and to renew contacts with existing customers. 

The use of customer data also helps to improve customer retention which increases profit margin. In addition, businesses that partner with outsourcing companies in the Philippines claim that their business decisions based on customer data see a significant 126% profit growth as opposed to those who don’t. 

Application #7: Match Best Closers with the Best Leads

This is for companies that outsource in Philippines that deal with seasonal spikes in volumes. It is a fact that there is a huge increase in consumer spending around the holidays. 

Predictive analysis helps to match the best agent with the best leads. This is for sorting of inquiries with the following criteria:

  • Media channel
  • Topic of the piece of content that tipped the customer into the sales funnel

This manner used this as a lead scorer which helps outbound entry-level seasonal callers to automatically prioritize leads.

This in turn results in a better reward system for outbound agents of BPO companies in Metro Manila, such as:

  1. Top performing callers are rewarded with the best leads which they frequently close
  2. Newer or lower performing callers were given with less qualified leads to practice on

Application #8: Determine the Best Month of the Year Wherein Customers Pick Up Calls

Predictive analysis is used on a metric. This metric determines which is the best month wherein a high rate of calls are picked up by customers. Which month of the year are most likely to respond to outbound calls

This enables outsourcing companies in the Philippines for outbound call centers to maximize the use of their resources in these identified months to make the most of the season.

Application #9: Focus and Help Call Center Agents to Perform Better

The practical application of this for the business process outsourcing industry in the Philippines is not solely focused on customers. Also for the betterment of agents themselves.

This way, BPO Manila Philippines predicts the agent’s attributes so they can increase your customer call satisfaction. As well as to determine which units or agents are most likely to produce the best outcomes.  Use of predictive analysis is helpful for the following:

  • Identify the percentage of calls with positive feedback
  • Company get a better insights on how to better train and support its agents
  • Boost positive attributes and avoid behaviors that lead to worse outcomes
  • Hire and retain call center agents with the assets that predict better call outcomes

Application #10: Provides Complete Picture of Customer Interactions and Data

A classic use of this is the omnichannel call center BPO Philippines. Through sophisticated CRM tools, key statistics such as average handling time and whether they can meet the targets is among the data it collects and analyzes. 

This in turn provides companies that outsource to Philippines identify the following:

  • Which targets call center agents can meet
  • Which needs improvement or eliminate
  • Adapt the approach in real time to get better results

Application #11: Judge the Interest of the Client and Identify What to Focus On

Predictive analysis enables BPO Philippines to help close sales with business owners. Aside from agents giving an overview of the product or services, customer reception is then recorded. 

This can help create a database of customer problems which managers can focus on to find creative ways to solve. For instance, customers who don’t see the value of a product or service helps outsourcing companies in the Philippines to work into a strategy on the next calls. 

Application #12: Predict Customer’s Intention For Calling

During calls, a back-end system can pull pre-processed personal data such as goal and sentiment of the previous calls, chat and interaction of the customers with the company.

Predictive analysis predicts the intent of the current call and displays relevant information for the call center agent to see. In turn, this helps the agent to respond more effectively. Something that leads to higher customer satisfaction.

It is also used to categorize each topic to further predict similar or different intent more accurately in the future. Agent’s performance is also improved as each call can be ended faster, thus can handle more cases and save on costs. 

 

Magellan Solutions Utilizes Predictive Analysis Amongst Outsourcing Companies in the Philippines

 

Our almost two decades in the industry gave us the necessary wisdom to use the latest innovations to improve our services. 

We leverage technologies such as predictive, text, and speech analytics and incorporate them into our CRM tools and infrastructure. As this is our pledge to set our services as the best providers for our clients across the globe.

Magellan Solutions ensures our staff are well-equipped with the proper training to maximize the potential of these technologies.

Furthermore, we are ISO 27001-certified and HIPAA-compliant. We are never complacent when it comes to data and information security. Something that we want our clients to enjoy through our partnership.

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