We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Why Isn’t New Technology Making Us More Productive?
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Business > Why Isn’t New Technology Making Us More Productive?
Business

Why Isn’t New Technology Making Us More Productive?

By Editorial Board Published May 24, 2022 2 Min Read
Share
Why Isn’t New Technology Making Us More Productive?
20tech econ facebookJumbo

The goal is not to replace workers but to lift their performance, said Zayd Enam, the company’s co-founder and chief executive. Cresta’s offering, he said, is made possible by recent advances in the power and speed of A.I. software, which he described as “game changing.”

Cresta has 200 employees, has raised more than $150 million in venture funding and has several dozen corporate customers including Verizon, Cox Communications and Porsche.

CarMax, the nation’s largest used-car retailer, started trying out the Cresta software in December. The A.I. experiment followed years of investment to shift the company’s computer operations to run on more flexible, cloud-based systems, said Jim Lyski, executive vice president for strategy, marketing and products.

Customer inquiries to CarMax’s contact centers tend to be lengthy. Used cars span different years, models, features and driving histories, and financing plans for what is a major purchase vary. The range of questions is all but unlimited, Mr. Lyski said, so purely automated communication is not an option.

But a computing assistant that could help sort all the automotive complexity, offering real-time suggestions and information, was appealing. Cresta first trained on the CarMax contact center data, and the experiment began with its live chat agents, who have text conversations with customers.

The experience has been encouraging, Mr. Lyski said. There has been about a 10 percent improvement in response time, conversion to sales and reduced session time. And the system keeps learning and getting better. The company has begun a pilot project with agents who field voice calls, lifting the total number of agents using the A.I. technology to 200.

TAGGED:Anthem IncArtificial IntelligenceCarmax IncCloud ComputingComputers and the InternetProductivityRSSUnited States Economy
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

USPS provides tricks to keep away from vacation season scams

USPS provides tricks to keep away from vacation season scams

Michigan
October 30, 2025
US-Japan Uncommon Earth Minerals Deal | Economics

US-Japan Uncommon Earth Minerals Deal | Economics

There's maybe no extra vital useful resource than uncommon earth minerals. They largely can't be…

October 30, 2025
Donald Trump says tariffs will likely be minimize after ‘wonderful’ assembly with Xi Jinping

Donald Trump says tariffs will likely be minimize after ‘wonderful’ assembly with Xi Jinping

Donald Trump has described essential commerce talks with Chinese language President Xi Jinping as "amazing"…

October 30, 2025
‘Put them in camps and deport them’: Sky Information will get uncommon entry inside Reform UK assembly

‘Put them in camps and deport them’: Sky Information will get uncommon entry inside Reform UK assembly

"Put them in camps and deport them."That's the view on unlawful immigrants of Faten Hameed,…

October 30, 2025
Commentary: Disappearing Dodgers backed to the brink of catastrophe after World Sequence Recreation 5 loss

Commentary: Disappearing Dodgers backed to the brink of catastrophe after World Sequence Recreation 5 loss

Unfathomable. Unwatchable. Insufferable.Undone.The richest staff in baseball is splitting aside on the seams, tearing beneath…

October 30, 2025

YOU MAY ALSO LIKE

Microsoft, Alphabet and Meta outcomes overshadowed by rising fears of AI bubble

A few of the world's greatest tech giants reported quarterly earnings on Wednesday - with a combined bag of outcomes…

Business
October 30, 2025

US rates of interest minimize as considerations over Trump tariff inflation ease

The US central financial institution has minimize rates of interest for the second time this yr in a transfer constantly…

Business
October 29, 2025

Victims of Publish Workplace Seize scandal say they’re being handled as ‘second-class’ residents

Victims of the Publish Workplace Seize scandal say they're being handled as second-class residents - accusing the federal government of…

Business
October 29, 2025

Santander warns automotive finance redress scheme a risk to UK jobs, progress and economic system

Excessive avenue financial institution Santander has launched a scathing criticism of the automotive finance compensation scheme and delayed the discharge…

Business
October 29, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?