02.05.2017 20:52:00

LivePerson launches LiveEngage for Bots, the world's first enterprise bot management platform

NEW YORK, May 2, 2017 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN), the leading provider of cloud mobile and online business messaging solutions, has launched the world's first enterprise bot management platform. Designed to run multiple bots at scale in the digital, marketing and care operations of large brands, LiveEngage for Bots is an extension of its LiveEngage platform, and allows these brands to deploy, manage, and measure bots in one place, directly alongside human workers.

The platform supports bots from both third-party developers or that brands develop themselves, and LivePerson has partnered with leading bot and AI providers. Major brands are live on the platform today, running bots from, among others, Toshiba, NextIT, Rebotify, BotCentral, GetJenny and Chatfuel, whose bot, integrated with the LiveEngage for Bots platform, was recently showcased at Facebook's F8 conference.

Early bot deployments have often performed below brand and consumer expectations, primarily because they are disconnected from the human agents and operational measures necessary to fine-tune and run them successfully at scale. LiveEngage for Bots solves this issue by treating bots the same way as human customer care representatives: they are agents within the platform, with real-time measurement, management and visibility for care managers.

"Many brands launching their early bot experiments have been in the dark about how the bots were engaging with customers, and only able to understand the aftermath by reading through chat transcripts, long after the fact," says Rob LoCascio, founder and CEO of LivePerson. "That's the wrong way to manage a consumer's experience. LiveEngage for Bots allows businesses to manage bots like they do human staff -- the same measures, the same connection to operations -- and to automatically hand off to humans when an issue they can't resolve is detected. This is the way bots have to work at scale."

Some early bot offerings have left a negative impression, with many consumers suspecting that bots will not understand them. According to research commissioned by LivePerson in April 2017, which will be released in a May 2017 report, 60% of global consumers prefer to speak with a human customer care agent simply because they think a human would better understand their needs. In situations where a bot does not understand them, 67% of consumers would want to be transferred directly to a human. LiveEngage for Bots includes sentiment analysis, with alerts if there is high negative sentiment in a consumer-bot conversation, and automatic, intelligent escalation to a human agent.

LivePerson calls this process of seamless handover between bots and human customer care agents the "tango" -- a careful and precise process where two partners must work together, taking turns. For a long time, bots have run independently from the main customer care organizations at the brands where they have been deployed, instead of chiming in on the same conversation thread as the human customer care agents.

According to research, bots are actually preferred over humans in many cases, so long as it's not a complex issue where a bot would struggle: for simple tasks, 71% of global consumers would prefer a bot to tell them their account balance and 61% would prefer it to update their address.

"Platforms like LiveEngage for Bots are a testament to the quickly growing bots ecosystem," says Dmitry Dumik, CEO at Chatfuel. "As bot technology becomes increasingly prevalent, the industry needs tools and platforms that can help companies leverage it efficiently. We are committed to continuously supporting these platforms, like LiveEngage for Bots, and fostering the bot community."

Says Eswar Priyadarshan, co-founder and CEO at BotCentral, "We are very excited to be included as an early partner in the LiveEngage for Bots ecosystem. Our 'Task Bots' will help automate routine tasks under agent supervision, thereby freeing agents to tackle more interesting and challenging issues."

A key advantage of LiveEngage for Bots over deploying bots "natively" -- without a platform layer for management and measurement -- is the increased transparency into what a bot is doing. Instead of "set and forget" bots that run unsupervised, the platform serves as an additional layer of intelligence into AI, with real-time analytics and workflow that help businesses understand the effectiveness of bots in their customer care, and the ability to watch bot conversations in real time, and jump in if warranted.

The LiveEngage for Bots platform is currently available to all LivePerson customers. For more information on LiveEngage for Bots, please visit www.liveperson.com/bots.

About LivePerson
LivePerson, Inc. (NASDAQ: LPSN) is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers. LiveEngage, the Company's enterprise-class, cloud-based platform, empowers consumers to stop wasting time on hold with 1-800 numbers, and instead message their favorite brands, just as they do with friends and family. More than 18,000 businesses, including Adobe, Citibank, HSBC, EE, IBM, L'Oreal, PNC, and The Home Depot, rely on the unparalleled intelligence, security, and scalability of LiveEngage to reduce costs, increase lifetime value, and create meaningful connection with consumers. For more information, please visit www.liveperson.com. To view other global press releases about LivePerson, please visit pr.liveperson.com.

Media Contact 
Rurik Bradbury  
rbradbury@liveperson.com  
646-298-8272

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Statements in this press release regarding LivePerson that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including but not limited to financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal projections and expectations to change as the quarter and year progresses, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change. Although these expectations may change, we are under no obligation to inform you if they do. Actual events or results may differ materially from those contained in the projections or forward-looking statements.  Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: potential fluctuations in our quarterly revenue and operating results; the adverse effect that the global economic downturn may have on our business and results of operations; competition in the markets for online sales, marketing and customer service solutions, and online consumer services; our ability to retain existing clients and attract new clients; risks related to new regulatory or other legal requirements that could materially impact our business; impairments to goodwill that result in significant charges to earnings; volatility of the value of certain currencies in relation to the US dollar, particularly the currency of regions where we have operations; additional regulatory requirements, tax liabilities, currency exchange rate fluctuations and other risks as we expand internationally; responding to rapid technological change and changing client preferences; our ability to retain key personnel and attract new personnel; our ability to expand our operations internationally; risks related to the ability to successfully integrate past or potential future acquisitions; risks related to the regulation or possible misappropriation of personal information belonging to our customers' Internet users; technology systems beyond our control and technology-related defects that could disrupt the LivePerson services; privacy concerns relating to the Internet that could result in new legislation or negative public perception; legal liability and/or negative publicity for the services provided to consumers via our technology platforms; risks related to protecting our intellectual property rights or potential infringement of the intellectual property rights of third parties; increased allowances for doubtful accounts as a result of an increasing amount of receivables due from customers with greater credit risk; delays in our implementation cycles; risks associated with our current or future stock repurchase programs, including whether such programs will enhance long-term stockholder value, and whether such stock repurchases could increase the volatility of the price of our common stock and diminish our cash reserves; risks related to our operations in Israel, and the civil and political unrest in that region; and risks related to our common stock being traded on more than one securities exchange, which may result in additional variations in the trading price of our common stock. This list is intended to identify only certain of the principal factors that could cause actual results to differ from those discussed in the forward-looking statements. Readers are referred to the reports and documents filed from time to time by us with the Securities and Exchange Commission for a discussion of these and other important risk factors that could cause actual results to differ from those discussed in forward-looking statements.

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/liveperson-launches-liveengage-for-bots-the-worlds-first-enterprise-bot-management-platform-300449860.html

SOURCE LivePerson, Inc.

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