By sensing the need of the times, companies are striving to enhance their customer service by incorporating technology in their businesses in this digital era. Market analysts predict that 90 percent of customer interaction in various marketing sectors will be automated in 2023. According to a survey conducted recently, 65% of customers taking advantages of Conversational AI Platform over the traditional mode of interaction because of the AI platforms’ 24*7 availability.
Additionally, about 49% of businesses around the world use AI bots for compelling customer interaction. Unlike earlier times, the conversational AI platform is much more advanced and equipped to address the customer’s diverse needs and queries at unimaginable levels. With experienced campaigners coming to the fore, customer interaction and accelerated conversations would be seamless with retail bots’ aid.
WHAT ARE THE ADVANTAGES OF CONVERSATIONAL AI?
Here is a list of 5 advantages of conversational AI platform in businesses.
Everything has gone digital in the internet era, and the pace at which data are exchanged and received has also accelerated.
With the traditional operation, it is impossible to respond to the thousands of queries simultaneously from the customers because the human operator can only focus on a single customer at a time.
With the aid of specific software mechanisms and cloud speed, Conversional AI bots can respond simultaneously to numerous queries without any fuss.
Also Check: 7 Technological Advancements that Promote Business Growth
For the development of AI bots, companies would need to invest money. However, this investment is significantly lower than the annual salary paid to a regular customer executive. After implementation, there are only minimal maintenance costs for the bots.
This service will also include enhancing the overall security and performance efficiency after its initial beta test. Hence, in addition to reducing the necessity for human resources, one can also cost-effectively run AI bots.
Also Check: Top 4 Advantages Of Automation In Supply Chain
INCREASE IN SALES
Customers always prefer speedy services over sluggish ones. Waiting in a queue for a long time can also cause further problems such as loss in sales to companies. Those unfamiliar with the nature of the products from one particular company would look forward to assistance when they visit the company website for the first time.
Bots can smartly guide the customers through the catalog and familiarize them with new products. Better customer accessibility would automatically lead to increased sales and rapid growth. Business owners claim that AI bots have helped boost the overall sales by 68 percent (approx.).
It usually takes a long time for the customer service executive to understand the context and customer needs. Once the customer elaborates on the issue, she/he will look into the matter, and the customer might need to make another call at a later point to get the problem fixed.
On the contrary, retailed bots can offer a unified and personalized experience for the customers.
AI bots have access to the customer’s previous exchanges with the company, and by analyzing recent data, they can instantly sense their needs and fix the issue quickly. The introduction of AI bots has transformed the e-commerce industry from a static to a dynamic sector.
Scientists observe that the personalized feature offered by bots will further undergo development in the coming years, and they will become smarter and more efficient.
Also Check: 16 Best Traits Of An Ideal Chatbot
Maintaining an active communication channel facilitates easy interaction between the customer and the seller. As per studies, over 60% of customers expect 24*7 availability from companies. Hence, maintaining 24*7 active AI bot services can naturally enhance customer satisfaction and reliability. It is one of the top advantages of conversational AI platform in businesses.
Also Check: Which One Is The Best Chatbot Builder In 2023
GETTING TO KNOW THE CUSTOMERS ON A DEEPER LEVEL
The AI bots will be able to recognize all the major pain points of the customer using big data analysis. Consequently, these bots provide the companies with comprehensive records that will help one’s business by motivating them to improve their products/services.
The probability of selling is directly proportional to the information (which is provided by the customer), and bots can enhance the degree or rate of this data.
Implementation of bots or taking advantages of conversational AI platform in businesses is the ideal way for organizations to understand the expectations of the customers, which is adaptable in nature. Every business will have to take advantages of conversational AI platform and plan customer-oriented targets to remain competitive in the changing market.
To plan such targets, one would require data, and bots are the ideal choice to achieve success in such a scenario. With their implementation, the companies will get proper feedback, and enhancements can be made by deducing inferences from the information provided by the bots.
Also Check: How Does AI In Education Empower Educational Equity?