Although the idea of the ‘chatbot’ has been with us since the 1960s, it is only now that we have brought this idea to life. Chatbots are programs that can simulate human interactions to communicate with humans by mimicking natural human languages. Thanks to the rapid progress in AI bots and Natural Language Processing (NLP), chatbots have revolutionized the way brands interact with their customers. The two most important benefits of chatbots for businesses are:
- They can respond to customers in real-time
- They can collect valuable customer data to help understand the needs and preferences of the customers.
Related: – Bots Chat with Databases to Track Feeling
The Chatbot Advantage: Real-life Use Cases of Chatbots
The power of chatbots to facilitate the real-time exchange of messages between brands and consumers has radically changed the communication preferences of the modern-day customer. In a global survey conducted in eight markets by Facebook IQ in 2018, 67% of the respondents claimed that the use of messaging services on their platforms has increased in the past two years.
According to a 2018 research survey project, 60% of the survey respondents agreed to have used a Chatbot to interact with a brand/business in the past 12 months.
These stats only go to show that chatbots are here to stay, and with time, their applications across industries will be inevitable. At present, many companies, big and small, are leveraging chatbots to increase the customer-brand interaction and to improve customer support services.
Related: – Chatbot Impact in BFSI for Customer Experience and Customer Support
GWYN, a chatbot powered by IBM Watson and used by 1-800-Flowers, helps customers to search and place an order for gifts online. GWYN is programmed to become ‘smarter’ through interaction and offer customers more personalized shopping experience.
Similarly, there’s Julie – the upgraded version of Amtrak’s original telephone-based customer service agent. Julie helps users navigate through the Amtrak website, and find information on rail services, find route information, make reservations, and much more.
H&M, the global fashion brand leverages the H&M Chatbot to help customers smoothly navigate through their shopping website. The chatbot speaks with you to understand your preferences, after which it recommends outfits and accessories best suited for your gender and personal style.
Cleo, an AI-powered chatbot used in the fintech industry, offers secure and flexible payment processing services. Cleo can be integrated with your bank accounts and credit card accounts via Facebook Messenger to ensure the safety of your transaction data. Also, it offers tips on money management!
The pace at which businesses are adopting chatbots establish their popularity as a conversation medium between brands and consumers. Chatbots are a major hit with the modern consumer as they deliver information in the blink of an eye – no more waiting. That the future of chatbots is promising. In fact, by 2020, as high as 85% of business engagement will be conducted without human interaction using chatbots and other self-service options.
In today’s increasingly competitive world, any brand which isn’t leveraging or ready to adopt this disruptive technology will lag behind its rivals.
Top 10 News
-
01
Top 10 AI Tools For Special Education Teachers In 2024
Thursday April 18, 2024
-
02
[New] Top 10 Opus Clip Alternatives To Create Viral Short Cl...
Monday April 15, 2024
-
03
[New] Top 10 Soap2day Alternatives That You Can Trust (100% ...
Thursday April 11, 2024
-
04
Top 10 Humanoid Robots In The World
Thursday November 23, 2023
-
05
Top 10 Internet Providers In The World | List Of Fastest ISP...
Monday November 20, 2023
-
06
10 Best AI Image Enhancer & Upscaler Tools (100% Workin...
Monday October 2, 2023
-
07
10 Best AI Text To Speech Generator (October 2024)
Wednesday September 20, 2023
-
08
10 Best AI Video Generators In 2024 (Free & Paid)
Wednesday September 20, 2023
-
09
10 Best AI Voice Generators In 2024 (Free & Paid)
Friday September 15, 2023
-
10
10 Best Free QR Code Generators in 2023
Monday July 24, 2023
Related Posts
Artificial Intelligence
What Is Applied AI? Why It’s Important For Business?
By: Neeraj Gupta, Sun April 14, 2024
Applied AI is no exception but the year’s most disrupting characteristics in..
Artificial Intelligence
What Is Google Gemini? How To Use & Benefits
By: Neeraj Gupta, Sat April 6, 2024
What is Google Gemini? It’s a group of multimodal LLMs developed by..
Artificial Intelligence
What Is LLM Optimization? Explained
By: Micah James, Sat March 30, 2024
The process of making big language models better and faster is term LLM..
Artificial Intelligence
How AI insights Enhance Decision Making
By: Alan Jackson, Sun March 24, 2024
Artificial intelligence-powered analytics tools search through massive datasets..
Artificial Intelligence
Why Content Marketer Should Use ChatGPT Voice Chat Feature?
By: Micah James, Sat March 23, 2024
All OpenAI chatbot users now have access to the ChatGPT Voice chat feature,..
Artificial Intelligence
The Benefits Of AI Surveillance To Reduce Shoplifting
By: Micah James, Thu March 21, 2024
Inventory loss due to theft is an ever-present menace to businesses in the..
Subscribe
0 Comments