
Cisco has introduced its first AI agent, named the AI Renewals Agent, co-developed with startup Mistral AI. This innovative application is designed to enhance Cisco’s internal Customer Experience (CX) group, facilitating quicker customer retention and renewal processes.
The AI Renewals Agent efficiently analyzes data from over 50 sources, both structured and unstructured, offering real-time sentiment analysis, smart automation, and tailored recommendations based on customer outcomes and key performance indicators (KPIs). Cisco anticipates that this tool could help reduce the time required for teams to create renewal proposals and prepare for customer engagements by up to 20%. As the AI’s knowledge and automation capabilities grow, this efficiency is expected to increase further.
Cisco’s CX group is committed to managing the product lifecycle for customers, ensuring that their technology purchases meet expectations, improving customer retention, and boosting sales of hardware and software.
Last year, Cisco and Mistral AI announced their collaboration to integrate AI agents via Cisco’s Motific platform. Motific serves as a centralized cloud-based hub for enterprise customers, simplifying the management, deployment, and application of generative AI technologies. According to Cisco, Motific operates as a comprehensive resource, unifying various large language models and enterprise-specific data to streamline the creation and deployment of AI applications securely and efficiently.
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