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United States, 17th Mar 2024, King NewsWire - VOZIQ AI, a leading provider of AI-powered solutions for subscription businesses, is pleased to announce today that TMC, a global, integrated media company, has named VOZIQ AI Predictive Price Increase Solution, as a 2024 CUSTOMER Product of the Year Award winner. Presented by CUSTOMER magazine, VOZIQ AI has won the award five times in a row!
The 2024 CUSTOMER Product of the Year Award recognizes vendors that are transforming customer experience and creating significant business impact one solution at a time. The award highlights products that enable their clients to meet and exceed the expectations of their customers.
“Over the years, we have established ourselves as the strategic partner of choice for subscription businesses when it comes to using AI to protect and grow their subscription revenue. Winning this prestigious award for the fifth time in a row is a testament to our commitment, focus, and expertise in deploying AI for subscription revenue use cases,” said Dr. Vasudeva Akula, Chief Executive Officer of VOZIQ AI.
VOZIQ AI’s Predictive Price Increase Solution enables subscription revenue businesses to automatically optimize price for every individual customer and reduces unwanted churn associated with price increases with a smarter AI-powered decisioning engine.
Speaking about the solution's uniqueness, Dr. Akula shared, “In the current macroeconomic environment, where subscription businesses need to maximize revenue possibilities from their customer bases, we blend predictive intelligence related to churn, NPS, and upgrades with pricing optimization. This boosts customer lifetime value (CLV) gains along with increasing recurring revenue.”
VOZIQ AI’s models operate 24X7 to score every customer on the likelihood of accepting price increase and the optimum price increase the customer will accept. This predictive intelligence can be integrated with customer care, marketing and field channels to drive large-scale yet targeted price increase campaigns.
The solution is built on top of VOZIQ AI’s enterprise AI platform, which provides a ready-to-go environment for launching AI-driven solutions within weeks, without the hassle of starting from scratch.
Speaking about VOZIQ AI’s platform and solutions, Suresh Akula, Chief Technical Officer, shared, “While most enterprise AI investments take two to four years to realize their value, our cloud-based enterprise AI platform, which comes with pre-built ML models, feature libraries, data connections and so on, cuts down the time to value to mere one fourth of the norm. Within a year, our customers start seeing quantifiable impact. It’s this efficiency that keeps our customers with us for the long haul.”
About VOZIQ AI
VOZIQ AI is a leading provider of AI-powered solutions to subscription businesses of all sizes around the world to protect and grow their subscription revenue. These solutions leverage the power of artificial intelligence and proprietary machine learning models to enable these businesses to run data-driven campaigns to reduce customer churn, increase subscription revenue, improve NPS, and maximize customer lifetime value (CLV).
Organization: VOZIQ AI
Contact Person: Ganesh Kulkarni
Website: https://voziq.ai/
Email: Send Email
Contact Number: +18884272328
Country:United States
Release id:10487
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