2020 has been a historic year for remote working and Cisco WebExOne is poised to deliver a premier digital collaboration conference this year (December 8 – 9). As a proud Cisco Solutions Plus Partner and Gold sponsor of the event, LumenVox will be presenting an overview of the building blocks businesses need to create an ideal, total customer experience over voice channels.
With a voice technology stack unrivaled in its breadth, from state-of-the-art automatic speech recognition to advanced voice biometrics, we’ll discuss:
How LumenVox technology benefits resellers –
We’re here to make life easier. Our offerings are attractive, with demonstrated ROI, and available through the Cisco Commercial ordering system (CCW). We offer flexible licensing with bursting capabilities as well as perpetual, subscription, and per-minute pricing. We’re also unrivaled for our relationship skills. Besides delivering the best voice technology in the market, our main priority is to work with you. We make it a point to not compete with you or your partners for professional services.
What the benefits for end customers are –
A happy customer is a customer that gets the information they need when they need it. A happy customer is a secure customer. A happy customer gets a seamless omnichannel experience. We focus on optimizing omnichannel communication with intelligent speech recognition, text to speech, secure voice biometric authentication, and fraud detection.
What about agents?
We make agents’ lives easier by increasing productivity through higher containment rates and optimized workflows.
The necessary voice technology stack for enhancing total experience –
LumenVox Automated Speech Recognizer, which supports Natural Language Understanding.
LumenVox Text-to-Speech / voice-enabled IVR platform, with multiple language capabilities.
Call Progress Analysis, which allows the recognizer to analyze speech and automatically discern appropriate timing for outbound telephony campaigns and notifications.
Voice Password, an active voice biometrics platform that authenticates customers using text-dependent voice biometrics.
Passive Voice Biometric Authentication, a passive voice biometrics platform that authenticates customers independent of a phrase, so it can occur naturally in conversation with a live agent.
Fraud Scanner, a cutting-edge fraud detection tool to identify fraudulent activity using state of the art voice biometrics.
Join us during WebExOne! It will be two days of conversations with other thought leaders, luminaries, celebrities, technology partners, and Cisco executives, plus over 30 customer and partner sessions. Register for the event and click here to request a conversation with us.
2020 has fundamentally transformed the way we live and work. Organizations, and the technology they use, are adapting at a record pace. The key to successful evolution is organizational agility. Here are four trends that will propel tech into 2021:
Shift to Total Experience (TX). You may have heard the term “multiexperience,” which refers to the shift from a singular screen and keyboard to a multimodal digital world, where technology surrounds you, going from your laptop to your phone to your tablet to your desktop and back again. TX takes that to another level; it keeps in mind each and every player in the experience game—employees, customers, users. Historically, these players have had immersive digital experiences, but they were separate. Imagine how much easier things would be if they were the same? That’s TX. At LumenVox, we are building our speech and authentication technology stack with multichannel and multimodal capabilities to address this demand in the remote workforce and contact center.
In a remote world, TX strategy will create a strong competitive advantage, as organizations with TX will outperform over the next three years.
Invest in Artificial Intelligence. Artificial intelligence is first and foremost a discipline, with any success stemming from an intense daily grind. However, that effort doesn’t always pay off. According to Gartner research, only 53% of projects make it to production, making it essential that companies put the extra time and engineering effort into AI projects. That’s why at LumenVox, Artificial Intelligence has always been a central component of our technology. Our speech recognition and voice biometric algorithms are built upon AI and Machine Learning principles so that our technology continuously evolves. LumenVox also has invested heavily in Research & Development, so we can deliver Artificial Intelligence technology which is robust, scalable, and easily deployed.
Cloud Enablement. At LumenVox, we have been ensuring our technology responds to the demands of multi-cloud environments so that organizations do not have to rely solely upon in-house IT infrastructure. Instead, they can provide their customers with LumenVox software via the cloud. In a post-COVID world, this is critical, as the world now runs remotely.
Prioritize Privacy. Privacy has always been a priority, but now that priority is marked urgent. Data protection legislation is maturing. In 2020 California finally implemented the California Consumer Privacy Act, signed into law in 2018. The CCPA is one of several state-mandated regulatory policies the US has implemented. Similar regulations appear in other countries whose model has been Europe’s GDPR rules protecting consumer privacy. This requires organizations to put more stringent controls in place to guard against threats and to protect users’ privacy. LumenVox provides advanced voice biometrics to add robust layers of security for organizations of all shapes and sizes, safeguarding sensitive business and consumer information.
In summary, it’s important for any business to always look ahead. The more a business looks toward the future in tech, the more it cannot just adapt and survive, but also thrive. LumenVox’ chief aim for 2021 is to assist businesses in their advancement by directly addressing these trends in voice technology.
Learn more about our full suite of technology here.
Avaya Podcast Network spoke with our very own Jeff Hopper, Vice President Business Development, for the 8 & Out podcast, a series featuring Avaya Select Product Partners. LumenVox has been a proud Avaya Supported Select Products Provider since 2012 and offers LumenVox Call Progress Analysis, LumenVox Speech Recognizer, and the LumenVox Speech-to-Text Server on the Avaya DevConnect Marketplace. In this interview, Jeff explains LumenVox’ technology stack, where it’s headed for 2021, and how it fits into the market.
Listen to the podcast or read the transcript below:
Hey, this is Bill Petty with 8 & Out, a podcast series dedicated to highlights updates and events around the Avaya DevConnect program, Avaya technologies, and most importantly our technology partners. Joining me today is Mr. Jeff Hopper who is the Vice President of Business Development for LumenVox. Thank you so much for joining us.
Good morning Bill, thank you for having me on. I really appreciate the opportunity whenever I can chat with you.
So, we’ve got some great news that is coming up from LumenVox. I know you guys have some stuff that’s cooking in the background and a couple of announcements that you’d like to make, so tell us what’s going on at LumenVox these days.
Well, we have so much stuff going on it’s almost hard to fit in your 8 & Out podcast, but some of the highlights are that we’ve just wrapped up working with the Avaya product team on the Experience Portal orchestration designer feature preview for the next release. We’re all lined up for a joint LumenVox product advancement to a new release, along with the Avaya product; so we’ll be in lockstep in compatibility-tested on day one which I think will be good for all of our customers ’cause then there’s not that out of sync thing that can go on. And we are continuing to work on the process I mentioned the last time I was visiting with you back from the show floor at iAug in Phoenix earlier this year. We’re just about squared away with all of the internal SAP codes in order configuration so that all of the Avaya ecosystem can buy LumenVox directly through Avaya. It’s available today, and it will be in, I believe, the next release of the configuration tool, so it’s completely automated at that point for order entry. We’re all squared away to become the replacement product for the deprecated Loquendo ASR and TTS that’s now end of life.
We’ve also continued to bring a bunch of partners on board, and it’s one of the things we’re really excited about. We have two new partners since I last chatted with you; both CCT and Damovo, which are firms that have business both in the EU, based in Germany, and in the United States; and we’re continuing to see a real interest in growing those partnerships. In fact, one of the things I wanted to mention during this call is we are glad to provide free skill certification training for new partners when they’re on boarded so they’re all up and ready. We think those partnerships start with strong skills and experience so we will be conducting a series of our LumenVox skill certification training classes this fall. We do it virtually just like everything these days over zoom or spaces or, you know, some virtual mechanism. It’s two, half-day sessions that customers can participate in, and it really will bring them up to speed on integrating LumenVox in as the speech recognizer for those self-service applications.
Then the really good stuff is the new release of LumenVox that we have coming out in tandem with the next release of Experience Portal. We have several new capabilities that I think are going to be really useful for our customer base. There’s a lot of interest in security these days and one of the areas that has come up again and again over the last few years is protecting that information in audio between the Experience Portal and the LumenVox stack. So we’re going to be releasing TLS encryption of that audio traffic so that the audio between your Experience Portal and the LumenVox recognizer, and the return information, is all fully encrypted so that it’s not possible to snoop or sniff or interrupt that – even if you’re inside the walls of your data center. We think that will be a great security advancement for things like PCI compliant applications where there’s a credit card or payment information collected especially.
We’re also extending the audio capabilities for the LumenVox transcription engine that we introduced last year. It came out in its first version as a short utterance transcribers, we’re extending that to unlimited audio duration now so we’ll be able to handle longer use cases where there’s more than just 30 seconds of audio for the particular application.
The thing I’m really excited about is our new configurable AI gateway. It’s going to provide a really simple low or no code integration with external AI platforms like Google Dialogflow, Microsoft Luis, Amazon Lex and IBM Watson. It is going to give developers a really new and easier way to build and deploy natural language understanding in their IVR environment. We’ll continue to expand the number of AI resources that it supports, putting one of our own that we’ll bring to market next year. We think we’re going to have lots of ways to up the ante in these customer self-service conversations to make them more conversational, more modern in style, and easier and better from a customer experience perspective and a development perspective.
Tell me a little more about this new solution that you’ve got a new release coming out in the fall. So you’ve got encryption, you’ve got this extension of the audio capabilities and you’ve got this new AI gateway for configuration. What kind of impact is that going to have on our mutual end customers?
Well, I think the AI gateway is significant in changing the way we build these applications and is a good way to simplify them. Today most of the combination speech recognition and AI tools that create natural language understanding are proprietary. They don’t have a wide use base in terms of the people who have the skills to develop applications there because there’s almost two or three different skills that apply in the process and what this is going to let you do is tightly integrate all of these commercially available AI platforms like Dialogflow or IBM Watson easily into your IVR. Your existing IVR developers won’t have to change anything other than some information that goes into a speech grammar that tells us which platform to use and we’ll take care of the integration to that external platform. It’ll still allow you to keep all of the audio local in the speech recognizer, which is more efficient, and more secure, and let you use the external AI resources to create natural language understanding.
What’s the impact of the encryption? I mean, we talked about it a little bit and how important is that to our end customers now that you start seeing some data intrusion and that stuff out in the marketplace. How important is the encryption to the customer?
In general, we all have security concerns these days. I have on my desk an email from an organization–that I’m a customer of–telling me about a data breach. Who hasn’t experienced that? Especially things like financial information, Social Security numbers, and credit card information. They all have legal compliance issues around them, and we all want to make sure we secure that data and prevent accidental use or access to it. By encrypting the audio data and the traffic between the Experience Portal and the LumenVox Speech Recognizer, it’s one more safety wall around that information. That information, once it is encrypted, can’t be decrypted outside of the two platforms, so you can’t snoop and listen to the SIP traffic that carries that audio and steal that information out of it.
You know, as we move forward in this relationship, LumenVox demonstrates what it means to really shake hands with Avaya and come to the market together.
We look to the future and we look forward to what’s coming on in 2021. Do you guys have any events or an opportunity for people to come by and say hello or for people to contact you during a virtual event?
Actually, we do. The Avaya fiscal year 21 America Sales Conference is coming up in a few weeks. We’ll be attending that as a virtual participant like everybody else and we’d love to have you stop by our virtual booth and say hello speak to us tell us about your opportunities and we can talk about the new product extensions. I am also actively trying to recruit some channel partners to be preview customers for the new AI gateway capability. So if there’s somebody in the audience who has an interest in taking a deeper dive in the gateway, who may have a potential project, or would like to build a proof of concept in their lab to demonstrate to customers, I’d love for them to reach out to me. Again, it’s easy to find me, just email@example.com. I’d be glad to get you into that process because we are seeking some preview customers, especially in the partner ecosystem.
That sounds like an excellent opportunity. For anybody who is out there that might want to take advantage of that, please do reach out to Jeff. If you’re looking for additional information on LumenVox, please head over to the Avaya DevConnect marketplace at www.devconnectmarketplace. Jeff, as always, thank you for participating in the call today.
Thank you, Bill. I appreciate the chance to chat with you and to talk to your audience and look forward to continuing to work with you and Avaya and the whole ecosystem here.
Absolutely! For anybody looking for additional information, again, head over to the DevConnect marketplace. Once again, this is Bill Petty, that was about 8 minutes, and I’m out.
Questions about our solutions? Contact us today!
Avaya Podcast Network spoke with our very own Jeff Hopper, Vice President Business Development, for the 8 & Out podcast, a series featuring Avaya Select Product Partners. LumenVox has been a proud Avaya Supported Select Products Provider since 2012 and offers LumenVox Call Progress Analysis, LumenVox Speech Recognizer and the LumenVox Speech-to-Text Server on the Avaya DevConnect Marketplace. In this interview, Jeff explains new, exciting innovations within LumenVox’ technology stack as well as his perspective on the industry itself—where it’s headed, and how LumenVox can continue to set itself apart with flexible, cost-effective solutions.
Read the Transcript Below:
Hey this is Bill Petty with APN, the Avaya Podcast Network. I’m sitting here live on the Avaya engage 2020 floor, talking with Jeff Hopper of LumenVox. Jeff thanks for joining us.
Thank you very much Bill. I’m really delighted to be here, despite the raspy voice from three days on the trade show floor.
I think we all have a little experience with that. So, tell me a little bit about what LumenVox is doing and what you are pitching here to our customers and channels?
Sure, LumenVox is a provider of speech recognition technologies including speech recognition, text to speech, call progress analysis and voice biometrics for authentication for your callers in your customer self-service or your contact center environment.
And how pervasive is speech-to-text these days?
You know, it used to not be so much, but now it’s everywhere. We all have things like Amazon Echoes, or Google Homes, or other personal assistant devices, so it’s become an expected component of a contact center these days for self-service and for assisting the agents.
Right, and I know LumenVox is a long-standing relationship partner with Avaya but, tell us a little bit about the kind of progression of what’s happening these days.
Absolutely. It’s one of the most exciting parts of where we are now in our journey with Avaya and with the Avaya customers and partners channel. I’ve been at LumenVox 8 years, my 7th IAUG in that capacity, and when I started we were a DevConnect member. We had developed some business overseas more than in the North American market and then we progressed into the SPP program about 5 years ago. We had some phenomenal growth in business and awareness in the Avaya customer base. We’ve taken on several dozen new large customers in the ecosystem, and just this past year, we’ve signed a further advancement of that agreement. We now have official Avaya part codes so our product can be ordered through Avaya as a reseller – making the process much simpler for everybody and just hopefully helping to accelerate the ease of adopting our speech recognition products.
So I know that as we move a company through that type of relationship models, you start with DevConnect and you go into the SPP (which is a big deal and you know they’re very selective about who they choose) and then they move into a resale model or kind of expanding the approachability and the availability of the solutions. Tell me a little bit about what’s really driving that relationship from the LumenVox and Avaya side.
I would be delighted, and I think it’s the thing from a personal point of pride I’ve been involved with the last 8 years, so I really take some joy in this. I think the best exemplar I have is our Net Promoter Score. We have sustained an 89 average Net Promoter Score, and in a business to business model, you know you’re working your keister off to accomplish that for your customers. Our customers and our partners consistently come back and say “great job,” “easy to work with,” “the product is easy to install, configure and use,” so we have just tried to reduce the friction of using speech recognition in the environment. Make it easy for everybody to use that technology effectively in their contact center and in their self-service.
Oh, that’s fantastic! You know, at Avaya, one of our key slogans at this time is “Experiences that Matter,” so apparently LumenVox is making the experience of installing and using and implementing and configuring the solution, they’re making that experience very positive. Share with me a little bit about the experience of the end-users, how is this relating to what’s going on, and how your solution is kind of a game-changer?
Speech recognition was always something kind of like Harry Potter magic. You had to go to Hogwarts and learn some secret wizard handshakes and incantations. We’ve just tried to simplify that install-configure-and-use part, and then we’ve tried to do work to enable the channel partners that actually build applications to raise their skill level, raise their expertise and user interface design. All the things that allowed them to work with the end customers to get a really great customer experience out of the applications.
How is the relationship with Avaya progressing as far as a technology development perspective as you look for opportunities to build hooks and implement within our shared structure? How are things working from that perspective?
It’s been a marvelous year. I was in New York back in November to meet with a team of Avaya executives at the Briefing Center and we exposed some new technology that we’re bringing to the table in 2020. We’re adding a new approach if you will, to conversational speech recognition. Where those have been very closed proprietary systems in the past, we’re building a mechanism to allow you to use commercially available AI tools to bring AI to conversational speech, it’s not proprietary. You’ll be able to use any of the major AI resources, you know whether it’s tensor flow in a data center level, or Google or Watson, or any of those things, and the speech recognition in your self-service applications. You can reuse AI that you’ve already created for other channels and more easily incorporated into the product stack.
How’s this improving the customers experience?
The better, or more well-trained, AI models are [improving the customer experience], and we all know the people who have been working on those kind of things. When you’ve got a better tool set, not a proprietary one, but stuff that lots of people are contributing to, it just makes it easier to get the AI right to give an appropriate response to the caller and make their experience less friction bound if you will.
As you look towards 2020 and start building these new measurement tools, what are you going to be delivering for the customer and how is that going to improve what they’re seeing in the use of the LumenVox solution?”
So, from the customer who implements this perspective, they’ll be able to take advantage of other initiatives they’ve already done, like chat bots for example, and voice enable them in their customer pathways through the contact center. They won’t have to rebuild the entire thing twice with the new learning model; they can simply voice enable. I always say, give your chatbot a voice.
I love the idea of a voice enabled chat bot because I have big thumbs.
Yes, me too.
And I have a really hard time trying to type on that little keyboard in an amount of time that somebody, or the bot, is actually waiting for me to respond. I should be able to talk into it and say, “I need, this is what I’m looking for,” and not have to type it.
Let the computer change the speech into text. One of the things that we can add here is because we have such a complete stack of products now with voice biometric authentication, we can help you secure those application pathways as well as service them with the speech recognition in the AI technology.
So, tell me something unique about what LumenVox is doing. I know we’re here on a tradeshow floor and we’re amongst all these partners; give me an idea of what LumenVox is doing that’s kind of new and unique, especially if it has something to do with what Avaya is doing in the market space.
Sure, I think the thing that we’re focused on the most, and I’ve mentioned it a little bit earlier, is making this stuff easier to use and incorporate into the solutions that get to the end customer, to the caller in that respect so that there is lower project costs, quicker time to market. Basically, accelerating and making it easier is a big enhancement because we all know it’s been an area that was kind of a black box traditionally and between technology advancements in the software and how we produce these things a real strident focus on quality and management user interface to make those things simpler, get rid of any friction we can essentially and then the growth in computational capacity with cloud computing in the general reduction in the cost of computing have all brought us to a place in time where speech should be ubiquitous and should be expected component of the customer service path.
Well, it is becoming more and more pervasive that’s no doubt.
That’s something that we’re all seeing, and I think it’s something we’re all becoming a little more comfortable with.
Especially if you’re in my generation.
Well yah, it was tough, you’d question the little device sitting on your desk that’s listening to every word you say to see if you talk to it. But I think we’re becoming a little more comfortable with that. You know, our cell phone’s listening to every word. I can guarantee it that the ads that pop up on social media because I talked about wanting to buy my wife a weighted blanket, then all of a sudden I’ve got an ad for a weighted blanket showing up on my phone within an hour. I don’t put my tin foil hat on though.
I agree with you completely. You know, we get into that question in our space. Like with the voice biometrics, we’ve built a set of products that are very secure. They made GDPR compliance in Europe for the ability to protect people’s privacy, which is essentially the highest standard around the globe today. We are very mindful of those elements of our product development process to in making all the things secure whether they’re in your premise in a private cloud or even in a public cloud in that case.
So Jeff, I know you guys are here on the floor, and for those that are out there listening, please make sure you go to the Avaya DevConnect marketplace at devconnectmarketplace.com, look up LumenVox, and find out about their solutions. Jeff, thank you so much for sitting down talking with us today.
I appreciate it very much Bill, it’s been a pleasure.
Questions about our solutions? Contact us today!
Recently the LumenVox team attended CCW to empower businesses to deliver seamless yet secure customer communication through advanced speech and authentication solutions. While there, we had the opportunity to have been interviewed by CrmXchange for their CCW Nashville 2020 column: Solution Providers and End Users Harmonize in Music City
Read our interview below, or download the eBook version here.
What are the key areas of focus for LumenVox?
Good question. We have zeroed in on the following:
Speech Recognition: This includes conversational IVR with text-to-speech capabilities that create a very functional, conversational IVR self-service.
Voice Biometrics: We get really excited about this, as it addresses a huge threat to businesses right now—fraud. Voice biometrics is used to keep customers safe, to secure authentication and keep the customer experience painless and easy. Businesses can implement voice biometrics using IVR, mobile applications or in the contact center.
In 2019 we hit over a million voiceprints. For 2020, our development team combined customer feedback with their biometric expertise and created a robust passive engine, which allows for machine learning to enhance features and customer benefits. With the inclusion of Deep Neural Network technology, LumenVox has positioned itself to provide higher accuracy, more fraud prevention tools and increased customer satisfaction/ service.
There are numerous companies in your space…how do your solutions stand out from your competitors?
We’re easier to work with in every way. Our company is very focused on our channel partners. And our customers rave about how flexible the architecture and capabilities are. Our consistently high NPS scores (currently 89) reflect how much they appreciate our responsiveness. All speech recognizers and text-to-speech engines perform the same tasks, but they really don’t offer the higher value that comes from our simple install-configure-use approach. Things like our built-in diagnostics make it quick and easy to set up or troubleshoot things, and the LumenVox Speech Tuner is the easiest product on the market to implement and improve the performance of your speech applications, based on real customer usage.
On the voice biometrics side, while we do the installation and training, we’re also very open and flexible: We have APIs that are easily integrated into a contact center agent’s desktop or CRM applications. We see this as an important differentiator because managers really want applications consolidated. So the capability to take our biometrics results and integrate that information smoothly makes it easier for everyone.
From an implementation services standpoint, we don’t lock our customers into having to use our professional services. We enable both our partners and IVR developers to work from various platforms, using their own services while deploying our speech recognition technology. Our holistic approach results in us being more competitive, or and cost-effective. We don’t think cutting-edge technology needs to come at a premium price. We want this technology to be available to everyone.
Can you define how biometrics work in the contact center?
All biometrics measure something you’re made of. We’re used to smartphones using fingerprints and facial recognition/ faceprints to authenticate us now. Makes you feel more secure, right? The call center is evolving, too, and with our technology can create the same level of protection using the human voice. An enterprise contact center obtains a sample of your voice and converts it into a secure file called a voiceprint. Once there’s a voiceprint on file, the next time you call into the center, you don’t have to answer those painful security questions (which, by the way, are often vulnerable to theft). Using a voiceprint means that as a consumer you have a better calling experience. And as a business, you get more security.
Is it possible to fraudulently manipulate a voice biometric? Can someone pick up a customer’s voice pattern or convincingly imitate them?
Well, even mothers can be fooled by twins. We don’t want to be so hubristic as to claim that we somehow have something over Mother Nature. But voice biometrics takes major precautions: We use multiple factors when creating the voiceprint. The human ear might not be able to detect an impersonator, but our solution will notice hundreds of subtle differences. A company can also use multiple phrases as an identifier or ask varying questions to prevent a breach.
The truth is customers understand that the threat is real and want an added layer of unique security. A recent study noted that 74% of Americans believe that biometrics is a more secure method of verifying accounts than traditional PINs and passwords. Hacks and data breaches are commonplace occurrences now. And there are long, long gaps in notification—customers may not know they were exposed for nine months sometimes. Since many people tend to use the same PINs and passwords for multiple accounts, they are vulnerable. Voice biometrics protects and defends privacy. It’s that simple.
In what industries are recognition technologies becoming prevalent?
Any and all, as the desire for a seamless customer-agent interaction increases. People want to reach a customer representative to solve the bigger, more complex problems and spend their valuable time self-servicing/ solving the easier ones on their own. We’re working more and more with financial institutions and healthcare providers, as we have the capabilities to not only enhance their IVR experience, but also provide stronger security. As businesses grow, we see these two factors go hand-in-hand. People want security, but they don’t want to compromise speed and efficiency to get it. Our —speech solutions provide the best of both worlds.
What are some of the tangible benefits of Natural Language Processing IVR applications?
NLU gives self-service that human touch that people really seek in the customer journey. It’s the best of all worlds: Customers can help themselves quickly, but can also feel as if they’re doing it effortlessly–with a fellow human mind at the helm. As for LumenVox, our new Conversational ASR combines 20 years of experience in Speech Recognition with the latest in Artificial Intelligence & Machine Learning, allowing any business to build new AI-based IVR applications that support natural language processing and intent determination from an existing voice application platform (IVR). The best part is that as a business you really don’t have to start from scratch to do this. Text-based AI tools can be given a voice with LumenVox ASR. You can leverage your existing infrastructure and preferred tools to provide rich, voice based self-service that exceeds expectations.
Questions about our solutions? Contact us today!
Fifteen years ago, I embarked on a project to speech-enable the call center of another company I was running. We had over a million users of our IVR application and needed to reduce the number of questions and calls handled by an agent. At first, we just needed the engine to recognize some “yes/no” questions and city/state. Within a couple years of development, we had an engine that would sufficiently answer a small but reasonable fraction of those rudimentary questions and allow our agents to spend time on higher-value conversations with customers.
We spun off in 2001, operating under the name of LumenVox. Enhancing the accuracy of our engine while understanding how to create a great voice user application was our number one goal. We did this while simultaneously expanding on the suite of self-service applications, which allowed us to divert a more substantial percentage of calls to automation. Customer satisfaction rose while providing our customers immediate answers 24 hours a day without having to wait on hold for an agent.
In 2006, comfortable with the maturity and stability of our software, we began to market our solution to other companies. One of the early adopters of our software was an IVR-based financial services solution provider. Enabling their banking application placed us in over 600 banks and credit unions, running thousands of ports across the country. All of this experience further hardened our offering and gave us the wind in our sails to proceed with more development.
Fast forward to today with the consolidation in the speech recognition marketplace and becoming one of a few companies that offers an ASR, TTS and a Speech Tuner Application to our partners. With thousands of installations and hundreds of partners, we have created a fault tolerant, scalable, carrier-grade suite of products that is finding its way into some of the most well-known businesses in the world. For us to be able to see these companies benefit from our software thrills us. This is our technical artistry and the accolades we get from our customers drives us to do better.
From now on, I will be taking time with this Blog to discuss a variety of topics including challenges faced by us and by the market, how we are addressing them and where we are going. I would also like to know what topics are of interest to you! I hope this blog is informative, insightful and demonstrates our deep passion for what we do. If you have any questions or comments or just want to chat, you are always welcome to write to me at Ed@LumenVox.com or call me at 858-707-7700.