During the pandemic, online shopping has dominated the retail sector and that has meant businesses had to improve everything about the way they function remotely, including a closer look at virtual customer service for many. 

LivePerson is a conversational AI company that helps brands engage with customers over messaging channels. The company’s CEO, Rob LoCascio called today's upgraded chatbot experience the next evolution of the website.

“[Clients] want to create the same experience with their customers that they would have in a store. You can’t just do that with a website,” LoCascio told Cheddar. “People want to have conversations before they buy a diamond ring or do something of that level.”

In 2020 especially, LoCascio said the boom in e-commerce has driven their user volume three times higher than the last holiday season. It’s largely thanks to all of the shopping done in the days after Thanksgiving when holiday shopping traditionally kicks off. In a typical year, LivePerson would see a small boost on Black Friday and then a larger spike on Cyber Monday. This year the volume soared on Black Friday and stayed at those levels throughout the holiday shopping season. “We saw something we’ve never seen, and we’ve been around over 20 years.”

As with many aspects of the pandemic’s impact on technology, LoCascio noted that the widespread adoption of conversational AI was a long time coming. According to LoCascio, the company sees about a 20 percent conversion rate when people use conversational AI. He also said that this kind of shopping isn’t going away anytime soon.

“If you're younger, this is the way you want to shop," LoCascio said. "You don't want to pick up the phone and call someone or walk into a store. You want to have that in-store experience, but have it on your mobile device in your hand.”

LivePerson has nearly 18,000 clients, including brands like HSBC, GM Financial, and The Home Depot. The company recently helped launch a new kind of digital banking called Bella. The experience is entirely supported by LivePerson’s conversational AI that LoCascio said helped further the bank’s mission of bringing human empathy into finance. 

Share:
More In Business
Michigan Judge Sentences Walmart Shoplifters to Wash Parking Lot Cars
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
State Department Halts Plan to buy $400M of Armored Tesla Vehicles
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
Goodyear Blimp at 100: ‘Floating Piece of Americana’ Still Thriving
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
Load More