Back to Industry News
General
Aller Media Quadruples Retention With AI Customer Service Analysis
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Dagens industri
Photo by Eric Tompkins on Unsplash
Stay updated on stories like this
Key takeaways
- Dagens Industri reports that Aller Media has quadrupled its customer retention rate within three months by implementing an AI analysis tool in its customer service operations
- This initiative, managed by Aller Media's outsourcing partner Releasy and utilizing Indicate Me's AI analysis tool, focused on understanding and mitigating subscription cancellations
- Previously, cancellations frequently led to lost customers
Dagens Industri reports that Aller Media has quadrupled its customer retention rate within three months by implementing an AI analysis tool in its customer service operations. This initiative, managed by Aller Media's outsourcing partner Releasy and utilizing Indicate Me's AI analysis tool, focused on understanding and mitigating subscription cancellations.
Previously, cancellations frequently led to lost customers. By analyzing over 1,600 cancellation-related customer service calls, Releasy, through Indicate Me's AI, identified that nearly nine out of ten callers intended to cancel but could be retained with the appropriate approach. The analysis revealed that active retention efforts by agents resulted in 37% of customers continuing their subscriptions. Key cancellation reasons, such as price, relocation, or content dissatisfaction, presented clear opportunities for intervention.
Leveraging these AI-driven insights, Releasy implemented targeted retention strategies, including price adjustments and content recommendations. This strategic shift transformed the customer service team from reactive to proactive between March and May, enabling data-driven coaching and the dissemination of effective tactics. Consequently, Aller Media's customer retention rate surged from 11% to 47% over this period, underscoring the significant impact of AI-powered customer service analysis on customer loyalty.
Related Topics
AICustomer RetentionCustomer ServiceSubscription ManagementAller MediaReleasyIndicate me
Never miss stories like this