There is no doubt that AI tools have become more popular as they provide businesses with game-changing information and solutions. As chatbot development demand grows, how can you know if an AI chatbot fits into your business goals? Believe us, this tool can help you with this and more! Know More about This Chatbot!
What Is an AI Chatbot?
To answer what is a chatbot, we’ll say that is an artificial intelligence solution that works like a virtual assistant. It has high use in customer service to improve client responses, reduce response time, and minimize additional human effort. Though this is a robotic tool, the approach is to provide human-like interactions to the user. That is to say, increasing the intuitiveness and effectiveness of automated processes is the key to success.
There are two variations on the concept of a chatbot. A traditional chatbot is preprogrammed and provides predetermined responses by pressing buttons. In contrast, conversational AI uses machine learning and natural language processing (NLP) to continually self-learn via voice and message commands. Then, it provides the requested information with some autonomy.
As a result, AI chatbot provides customized actions, scalable interactions, and optimized processes for understanding more than its programmed commands. Alongside this, it gains insights from customer preferences, patterns, and behavior. This will reduce costs compared to traditional customer research and extra staff executing these daily activities. Considering your business objectives and expected scope, a traditional or conversational AI can be an option.
Increase Sales and Customer Satisfaction with an AI Chatbot
We mentioned the major and generic benefits of a chatbot, but what can our AI chatbot do for market performance? From the simplest to the most complex, a conversational bot has a lot of uses. These involve making analyses, predictions, and modifications to the given responses.
Unlike a traditional pre-set chatbot that only responds to queries, Advancio’s AI Chatbot responses can also be used as reminders and appointment scheduling for services like real-time wildcard services.
This tool can guide a customer’s journey and increase the effectiveness of your conversion from awareness to purchase to engagement. This can connect people and reduce demand across mediums like web pages or mobile devices. But it can also affect the customer experience if it is not well-programmed.
To build conversational AI, Advancio provides a tailored service based on your specific requirements and what you want to achieve. First, you must define your needs, goals, and scope of conversational AI, a process that we can help you with. We then proceed to work together.
The chatbot then gains information from the customer database such as gender, age, lifestyle, interests, preferences, and more. This provides useful insights for product development and delivery that are more suited to a tailored and individual customer experience. Take a look at our post on how this tool can help you meet your demand requirements!
Aside from the previously mentioned functions, our conversation bot service can be integrated into a policy model and into a call center model as a virtual agent to simplify data processing. For this, we offer a special package that you can consult with our IT specialist.
This AI Chatbot Will Impact your Business ROI
Deloitte AI Institute and Chamber Technology Engagement Center (C_TEC) released the Investing in Trustworthy AI study that showed some interesting facts about the future of these related tools. Over 71% of customers would gain trust in AI tools for complex pattern identification. Following this, 65% would trust new product development and delivery. Finally, 56% would trust technology for efficiency increases, repetitive task reduction, and speed and accuracy of decision-making improvements.
In the short term, this could represent improvements in 24/7 customer support availability and agility for handling queries. In the medium term, conversational AI will redirection some staff efforts into other business activities, which can improve performance. But in the long term, these customer perceptions involve a human agent who manages different stages of the customer journey. Then, invest their resources in more tailored and faster, customized experiences.
The impact between brand and customer that starts with AI chatbot can turn into a solid one. That is to say, a one with engagement potential that can attract more users and clients. In terms of market performance, through conversational AI you can better understand what your clients think and want. Thus, you can develop products or services that not only satisfy their needs but surpass their expectations. These can also feel connected like when you use something on a daily basis just because you like it.
Ready for a Proof of Concept?
Using this approach, you will be able to mitigate risks, improve your market placement, and increase your revenue. Based on what you expect in total revenue, a conversation bot implies an initial inversion and then a cost reduction. This will later represent an income increase in other business areas for making more strategic and effective decisions. With our 10-day POC free program, you can get a conversational AI in your platform and test it for 24 days to have the first view of its benefits!
Now you know that an AI chatbot can be a game-changing ally for your business and accelerate your growth. Advancio provides you with a highly customized conversational bot that meets your requirements, so take this innovative step together!