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OPINION

 

QSRs Discover Their Voice

🍔 The market value from quick-service restaurants (QSRs), fast food chains, drive-thru establishments and deliveries is estimated to be worth $273 billion. A market that is bound to expand as more people eat out, while many eateries are actively working to meet consumers where they are by offering more ordering solutions and addressing their patrons’ increased appetites for speedy and convenient tech-enabled experiences. McDonald's recently acquired Apprente, a startup building conversational agents that can automate voice-based ordering in multiple languages, in order to bring voice technology to drive-thrus. Domino's, KFC, Pizza Hut and Wingstop have enabled their customers to use in-app voice-activated ordering, while others have integrated with major virtual assistants — such as Cortana, Alexa or Google Assistant — to accomplish that task. According to a PYMNTS Digital Drive Report consumers are most likely to use voice technology to seek out restaurant information, with 53 percent indicating they would like to use such solutions to search for restaurants based on menu information. 49 percent use voice offerings to find information about specific restaurants, and 44 percent use it to find restaurants based on their cravings.

🌮 Obviously there are several hurdles the industry will have to overcome before the trend can be fully adopted. Consumers are used to visualizing their food first and then using their voice to order. It can also be frustrating when misunderstandings happen or you can't place an order, with your specific expectations and wording, like 'leave the onions out' instead of 'without onions'. Strides in voice technology are happening every day, like voice assistants with screens or new skills that understand distinct voices and dialects, or behavioral signals predicting our desires. Meanwhile, software companies are integrating these voice technologies and building dedicated voice ordering interfaces for restaurants, over voice assistants and the mobile, to enable eateries to integrate the technology into their processes fast and cost effectively.

🍕 The bigger disruption will come from what these brands will do with all the voice data they will have collected. Food ordering usually involves a lot of information and feelings, for example how we feel in the moment...hungry, peckish, famished, frustrated, impatient; where we are; what we're doing; and what we crave. For QSR brands, it won't just be an order through the teller anymore, it will be a full conversation where they will anticipate what we'll order, predict what we desire, and suggest completely new products that fit our personality. It will revolutionize how we eat and how we produce our food. 🥤🥤

IN THE NEWS

CRMxchange.com

Can Emotional Analytics Help Businesses Get in Tune with How their Customers Are Really Feeling?

Herb Greenbaum from CRMxchange, a platform focusing on call center software and customer experience, interviewed Behavioral Signals' CTO, Alexandros Potamianos, Callminer's CTO, Jeff Galino, and Steve Kraus, VP of Marketing at Cogito, on emotion analytics as a software offering.
He notes how emotion analytics solutions have the capability to extract insights from all customer touchpoints and channels across the organization. These products employ historical data and real-time information to identify customer patterns and trends, providing the background for an agent to tweak the dialogue over the course of the call. Data and real-time information help companies to determine the right offers to generate to retain customers, thereby reducing escalations and churn. This makes emotion analytics a weapon of mass instruction for businesses seeking to gain an edge by learning what makes their customers tick. Read more >

Voice in Education Podcast

The Intersection of Voice & Emotion

Julie Daniel Davis, the host of the podcast Voice in Education, asks Rana Gujral in Episode 32: What is best for children when it comes to Voice and AI? Rana talks about global classrooms and new tools that can completely disrupt education; either that includes teachers tackling tedious administrative work or allowing children who live far from schools to follow the program without missing out on education. He explains why AI will never replace teachers, but how AI will empower them to do their job better; by offering better support, new tools and applications, and allowing students to learn independently in a way that is conducive to how they think. Read more >

InsideBigData.com

AI and Natural Language in M&A

Ned Gannon, President of DFIN’s eBrevia subsidiary, explores how AI and NLP is proving invaluable in the legal world of mergers and acquisitions, especially in contract analysis. As AI becomes more adept at analyzing contracts, very significant levels of efficiency can be realized: the software can review thousands of pages in seconds to detect contract irregularities and extract information, reducing contract review time by 67%t. And because AI is not limited by human reading and comprehension speeds, software is able to scan and analyze many more documents for risks than what would otherwise have been reviewed due to time or budget constraints.
It will be interesting to track how legal will be integrating other facets of NLP, including NLU, in the future. Read more >

FROM OUR BLOG

FROM OUR BLOG

Tell Us How You Really Feel

A study by the Association for Psychological Science explored the correlation between human expression and the true feelings they convey. While there is an inevitable link between the two, our deeper emotions linger far below the surface, tucked away from the prying eyes that may be analyzing our face at the time. A simple smile may mask one’s sadness while a forced frown stifles a giggle just simmering behind a set of clenched teeth. Facial expressions can be manipulated when the occasion demands it.
Voice is more complex. It includes the words and the language being used for speech, but it also includes a wealth of other information like emotional cues that make it very difficult to manipulate and control at all times. Feelings like sadness, exhaustion, and anger can be discerned just from the tone of voice, revealing exactly what we feel. We might want to say we're feeling 'fine' but our voice will betray what our mind and body is really feeling.
So why don't you start by telling us how you feel?

Read more >

EVENTS

GITEX TECHNOLOGY WEEK

GITEX Tech Week & GITEX Future Stars feature a combined conference programme, bringing the best of both worlds – tech titans and startups – in one truly empowering agenda. Behavioral Signals' CEO Rana Gujral will be participating as panelist in two sessions on the Artificial Intelligence Stage: AI for Business: a CEO Panel and Inspiring Hollywood’s emotions, while he'll also be judging in the Supernova Challenge.
Date: October 6-10, 2019
Venue: Dubai World Trade Centre, UAE

www.gitex.com

Seattle Interactive 2019

SIC is a celebration of the incredible work happening at the intersection of technology, creativity and commerce. Their aim is to shine a light on Seattle’s best and brightest to give the world a glimpse of what we’ve built. So yes it only make sense for us to be there too! Rana Gujral will be talking about AI and how Emotions are changing it. Come, join us and SIC’s community of thinkers and makers, of dreamers and doers in Seattle.
Date: October 17-18, 2019
Venue: Conference Center, Seattle, US

www.seattleinteractive.com
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