ROI & Analytics
How to Measure ROI from AI Voice Automation
January 10, 2024
10 min read
•By Azently TeamMeasuring ROI from AI voice automation is crucial for understanding the impact of your investment and making informed decisions about scaling or optimizing your implementation.
Key Metrics to Track
Cost Metrics
- Cost per Interaction: Compare the cost of AI-handled calls versus human agents.
- Total Cost of Ownership: Include setup, maintenance, and operational costs.
- Labor Cost Savings: Calculate savings from reduced headcount or overtime.
Efficiency Metrics
- Average Handle Time: Time to resolve a customer inquiry.
- First Contact Resolution: Percentage of issues resolved on first contact.
- Call Volume Capacity: Number of calls handled per period.
Quality Metrics
- Customer Satisfaction (CSAT): Post-interaction satisfaction scores.
- Net Promoter Score (NPS): Customer loyalty and advocacy.
- Resolution Rate: Percentage of inquiries successfully resolved.
Calculating ROI
To calculate ROI, compare your total investment (implementation costs, monthly fees, maintenance) against the total benefits (cost savings, revenue increase, efficiency gains).
Common ROI Scenarios
Many businesses see ROI in 3-6 months through reduced labor costs, increased capacity, and improved customer satisfaction leading to higher retention and revenue.
Frequently Asked Questions
Common questions about this topic
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