Use of voice technology to ‘triple’ in next 12 months
13 June 2018 15:28 GMT

Research from identity tech firm Pindrop has found 85 percent of businesses it surveyed will use voice technology in the next 12 months. Currently only 28 percent of those businesses do so. 

Pindrop said that based on the findings, the number of businesses planning to use voice to speak and listen to their customers will triple. Businesses also have ambitious long-term goals for using voice. Over two-thirds (67 percent) are planning to use voice-activated assistants for the majority of customer interactions, while nearly one in four businesses plan to use them for all interactions, reflecting a growing trust in the technology’s capabilities.

Other findings:

94 percent of managers see voice technology as an important driver of customer satisfaction
88 percent believe they’ll gain a competitive advantage
57 percent believe it will increase operational efficiencies
57 percent also believe it will reduce the cost of each customer transaction

While Alexa has dominated headlines around the Conversational Economy, enterprises are taking a more considered approach when introducing assistants into their business processes. Pindrop’s findings show that the most attractive and invested in voice assistants today and in the next two years for enterprises come from Microsoft, Google and Amazon.

While respondents feel that voice technology will act as a boost to sales, there are also high levels of concern (80 percent) about the ability for businesses to keep the data acquired through voice-based technology safe. 

Vijay Balasubramaniyan, CEO and Co-founder, Pindrop, said: “People’s security, identity, and therefore the wider Conversational Economy, is at stake as its use increases. If businesses intend to use voice technology for the majority of customer interactions in the near-future they need to make sure that this method of interaction is as secure as any other. At the moment biometric checks can be easily fooled by a synthesised voice while phone numbers that will be used to intercept virtual assistants can be spoofed. As voice-activated assistants increase in usage, attacks will follow.”

Executives clearly stated that security issues could stall the growth of voice-driven interactions. According to the research:

Security is one of the most important factors in how quickly the Conversational Economy will grow.

More than eight out of ten respondents (85 percent) believe that customer fears about the misuse of their data will slow the introduction of the technology.

And 82 percent of businesses predict consumers will have concerns over fraud.

Vijay Balasubramaniyan added: “As we move on from touchpads and keyboards, voice technology will be the dominant driver that continues to transform lives and businesses. Where security and authentication are concerned voice or fingerprint technologies should be prioritised over iris or facial recognition. However, in order to negate consumer fear and misuse of the data acquired by voice technology, there’s pressure on businesses to prioritise security to retain customer trust. Businesses focused on establishing trust with consumers will ensure the nascent voice industry blossoms and creates a new technological ecosystem, one driven by the power of the human voice.”

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