What is Chatbot? How Chatbot helps to Grow your Business.

Yes, Chatbots you all have to heard about it. But some questions are still running about chatbot as like, what is chatbots, how chatbot helps to grow your business, how it’s work etc. These are some common questions that come in your mind when you think about mounting a chatbot to your business.

The evolution of artificial intelligence is now in full swing and chatbots are only a feature of huge wave of progress. Let’s distinguish about it here….

What is Chatbot

A chatbot is an artificial intelligence (AI) software that can simulate a conversation (or a chat) with a user in natural language through messaging applications, websites, mobile apps or through the telephone.

In other words, we can say that chatbot simulate interaction between humans and computers. And a technological point of view, a chatbot only represents the natural evolution of a Question Answering system holding a Natural Language Processing (NLP).

They are also known as digital assistants that understand human capabilities. Bots understand and process the user requests and give prompt related answers. For example, of chatbot are Facebook Massagers, Twitter, WhatsApp,

How chatbot works

Identify user’s request

As you can see in representation, the ability to identify the user’s purpose and extract data and related things contained in the user’s request is the first condition and the most related step at the main of a chatbot. If you are not able to correctly understand the user’s request, you won’t be able to provide the correct answer.

Reuterning response of user’s request

Once the user’s purpose has been identified, the chatbot must provide the most appropriate response for the user’s request.

Why we use Chatbot

According to this research, the main factors that motivate people to use chatbots are:

Productivity

Chatbots provide the support or access to information quickly and efficiently.

Entertainment

Chatbots entertains people by giving them funny tips, they also help killingtime when users have nothing to do.

Social and interactive factors

Chatbots gives conversions and boost social experiences. Chatting with bots also helps to avoid loneliness, gives a chance to talk without being judged and improves conversational skills to others.

Increase Curiosity

The uniqueness of chatbots sparks curiosity. People want to discover their abilities and to try something new.

How Chatbot helps to grow your business

Chatbot increase work efficiency and bring cost savings to businesses while offering convenience and added services for customers. They allow companies to easily resolve many types of customer queries and issues.

According to Research, 80% of marketers plan to start using a chatbot in some way or another by 2025. This is a significant reason why brands are investing in improving the customer experience and developing a chatbot for their business. Because Chatbot helps to grow your business.

Let’s find out the importance of accepting the chatbot strategy in your business and how chatbothelps to grow your business and benefits to win more customers or hold the existing customers.

Reduce customer time

21% of customers see chatbots as the easiest way to contact a business. Chatbots are a smarter way to confirm that customers receive the immediate response that they are looking for without making them wait in a queue. So, use it, because Chatbot helps to grow your business.

24*7 availability

68% customers switch to an opponent if they don’t think you care about them. Bots are always available to busy customers with immediate answers to the common questions asked by them. Behind the reason of this, using chatbots is 24-hour customer service. Therefore, Chatbot helps to grow your business.

Better customer appointment

Conversational bots can busy customers round the clock by starting active conservation and offering personalized references that boost customer experience. Through it Chatbot helps to grow your business.

Autometed repetitive work

Most customers want to get answers on the same questions…., When do you work? What is your location? Do you make deliveries? In order not to write the same answers every time, make a chatbot. Chatbot help to grow your business and also reduced your employee’s workload.
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Update the shopping process

It only takes to write what you want to the chatbot and the bot will send the information to the sales department. You don’t need to repeat several times “I need the same, but with metal buttons”. Besides, the chatbot remembers your favourite’s and uses this information when you return.

Easy scalability with bots

Chatbots can be easily accessible during the top business hours or and manage many customer conversations without additional customer service costs. So, deployed a chatbot for your business. Because chatbot helps to grow your business.

Save customer service costs

Research estimates that chatbots will help businesses save more than $8 billion per year by 2022. Chatbots help businesses to save customer service costs of hiring more support representatives that require additional costs such as salary, training and organization costs. With help of chatbot you saved your other service costs. Hence,chatbot helps to grow your business.

Reduce customer churn rate

Attract your visitors is possibly the single most sure-fire way of reducing bounce rates and then increasing conversions. With chatbots, you can boost your appointment strategy even further and actually keep visitors hooked. Chatbot never disappoint your customers and chatbot helps to grow your business high.
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Future of Chatbot:

Chatbots are predictable to continue growing in popularity. A survey from computer software company Oracle found that 80% of brands plan to integrate chatbots by 2022. Because chatbot increase work efficiency and reduced work load.

Artificial intelligence and machine learning will continue to progress, offering new capabilities to chatbots and introducing a new level of text and voice-enabled user experiences that will continue to transform the customer experience. These improvements will also affect data collection and will offer deeper customer understandings that can lead to regular buyer behaviours.