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Showing posts with the label Types of Service Innovation

Revolutionizing Service Industries: Unveiling Innovations That Reshape Customer Experience

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In today's digital landscape, service-based industries face a growing threat to their growth and profitability. This challenge arises from the emergence of agile digital entrants leveraging technological advancements and consumer behavior insights. Harnessing data, these newcomers pioneer customer-centric, groundbreaking services, eclipsing traditional offerings. Service innovation, altering the landscape of customer-company interactions, permeates various sectors, heralding transformative changes. Various types of service innovation have been taking place for quite some time. Voice-Driven Banking: Redefining Transactions ICICI Bank spearheads innovation with voice recognition technology, revolutionizing banking procedures. Facilitating seamless transactions through voice commands, customers undergo a simple voice registration process in the ICICI database. The intricate voiceprint, comprised of 100+ unique traits, ensures robust security measures, thwarting mimicry attempts. AI-E...