As we wind down the year, we find ourselves emerging from a year marked by ‘infinite excellence’ across customer, partner and industry successes. The year has been a testament to our pursuit of Pega innovation and commitment to delivering client outcomes from automation to autonomous enterprise.
At Areteans, one of the key highlights of the year was being honoured with the Pega Partner Innovation–Market Maker Award at PegaWorld iNspire 2023. It underscored our dedication to pushing the boundaries of what’s possible with Pega and Build for Change®.
As we reflect on the year that was, we look at some notable shifts that will define and shape the path forward.
In the ever-evolving landscape of decision-making, artificial intelligence (AI) emerged as a transformative force for being future-ready. It changed the way organizations and consumers made decisions and drove outcomes like never before. At the forefront of this shift was Pega. With a suite of solutions harnessing the power of AI, it redefined the decisioning process.
At Areteans, we leveraged Pega CDH to analyse customer signals in real-time, allowing customers across financial services, insurance, telecom, healthcare, government sectors to continuously adapt to evolving needs. Unifying insights across channels, our Decisioning as a Service (DaaS) facilitated hyper-personalized interactions, ensuring that decisions were made in the moment with always-on AI-powered decisioning.
As per Mckinsey’s Next in Personalization report, 71% percent of consumers expect companies to deliver personalized interactions and 76% percent get frustrated when this doesn’t happen. Not surprisingly, targeted communication that is relevant and useful can create lasting customer loyalty and drive revenue growth between 10-30%. Which is why personalization remained at the core of how businesses formulate, execute, and refine their customer experience strategies.
At Areteans, leveraging customer-centric decision-making we delivered solutions that combine rules, predictive models, and machine learning for swift and accurate next-best actions. 2023 clearly demonstrated that the era of one-size-fits-all interactions is over. With Pega, we empowered organizations to deliver seamless, relevant, and empathetic experiences at every stage of the customer journey. Notably, Forrester recognized Pega as a leader in the Forrester Wave™ real-time interaction management for setting the gold standard for sophisticated enterprise deployments.
Pega’s AI-driven solutions extend to automating service and sales processes, revolutionizing how organizations engage with their customers. From containing contact centre volumes with Pega self-service to optimizing every interaction with next-best actions, Pega Customer Service™ and Sales Automation™ showcased the power of AI in delivering amazing experiences at scale.
Pega took the reins in optimizing workflows through Process AI and Process Mining, making processes and workflows smarter, less manual, and more streamlined. With the Pega Platform™, organizations could monitor, optimize, and improve processes with the assistance of AI. AI-infused workflows helped respond proactively to changing dynamics, contributing to the overarching goal of personalizing every interaction across every channel in real-time.
According to the Paris Agreement 2015, to limit global warming to 1.5°C, GHG emissions must peak before 2025 at the latest and decline 43% by 2030. Aligning with the climate urgency, our solution C-ZERO not only facilitates the measurement of emissions but also offers a strategic roadmap from monitoring to effective management.
Recognized with the 2022 SEAL Business Sustainability award, C-ZERO can assist organizations in realizing data-driven emission reductions, aligning with 2025 and 2030 targets. It serves as a facilitator for businesses’ sustainability and Environmental, Social, and Governance (ESG) objectives. Looking ahead to 2024, we anticipate C-ZERO will significantly contribute to advancing our customers’ ESG priorities.
The transformative impact of AI from decisioning to development is not just a vision for the future; it is happening now with Pega leading the way.
For organizations seeking to accelerate development times, Pega GenAI offers AI-assisted low code. It can enable the deployment of enterprise apps at scale more easily and faster. Through tools like App Studio, organizations can automatically generate low-code apps, going from idea to app in minutes. Pega GenAI not only boosts low-code development but also fosters creativity with generative AI.
ChatGPT not only awakened the world to the revolutionary capabilities of AI but also ignited a surge of unparalleled creativity. Its adeptness at replicating human dialogue and decision-making marked a significant turning point, representing AI’s true inflection moment in widespread acceptance. The technology’s disruptive potential became palpable, captivating global audiences and offering a firsthand glimpse into its transformative power.
Language-based models (LLMs), with their capacity to analyze vast datasets, have the potential to “know” every facet of an organization’s history, context, nuance, and intent. From applications and systems to documents, emails, chats, video, and audio recordings, anything conveyed through language can become a valuable resource driving next-level innovation, optimization, and reinvention. The era of leveraging language for unprecedented advancements was within reach.
As organizations grapple with the potential of Generative AI, Areteans stands ready with answers, anticipating the profound impact it will have on business and enterprise applications.