Wednesday, September 28

5 Benefits of Using Chatbots for Business

Chatbots are becoming increasingly popular in the customer service space. A chatbot is a program powered by rules and AI to simulate a real interaction with your customers. Chatbots operate through machine learning principles to collect conversational cadences that help the program sound human and relatable. Therefore, we are going to talk about some of the benefits that this impressive piece of growing technology can provide for your business.

Better Customer Service

It is vital for businesses to follow customer service best practices. Therefore, and rightly so, customer service is the focal point for practically every business. It can be challenging to provide consistent, high-quality customer services. Therefore, so many businesses have decided to turn to chatbots for assistance. Chatbots are accessible 24/7 which makes it easier than ever for international customers to access your products and services. There is throws a wrench in the customer experience more than wait times for staff to talk to, whether that be via phone or digital communication tools. Having translation software, provided by companies like Lilt, implemented can help international customers connect with the businesses they need to contact, as it means they don’t have a communication block or have to wait for ages for a reply, a direct machine translation will help greatly in retaining customers.

Because of the growing popularity of social media websites like Facebook, users have become more accustom to fast responses from companies. Making sure that your company meets this trend will reduce the amount of frustration your users will experience when interacting with your company. With chatbot technology, you can make sure that you will always be putting your best foot forward when making a first impression on customers.

Improved Customer Engagement

Happy customers are engaged customers. The great experiences they might have with your chatbot could create positive associations with your business and brand. This will mean that customers will be a lot more eager to hear what you are up too next in the near and far future. Possibly improving the number of returning customers without having to spend additional revenue on marketing.

Gaining Consumer insight

The interactions made with chatbots can be used as great sources of customer data. With the right tool, you can harvest insight from how consumers interact with your chatbots. This data can be used to inform your future products and services but also help you make sizeable improvements to the chatbots interactions. AI becomes more refined with higher levels of data so make sure you adjust how your AI responds to customers when you have a sizeable dataset to make changes with. You can now find open-source natural language processing which helps to turn messages from your users into intents and entities that chatbots understand. Have a look at this website if you want to learn more.

Improved Lead Generation

Because you better understand your customers with all this additional data you are generating you will probably find it easier to generate leads for your business. Consumer insight, applied correctly, can improve lead generation by refining the buyer’s journey. Chatbots can smooth out that buyer’s journey as well with quick accurate responses.

Cost saving

Implementing a functional chatbot is so much cheaper and quicker then developing a cross platform application or hiring employees. Businesses have a huge range of options when they want to employ the help of a chatbot, all of which will reduce cost for your company. Big companies like Facebook, Microsoft and other large IT companies already have ready to go software that can help you craft the perfect chatbot experience for your consumers at a cost-effective price.

Since chatbots are automated, they can deal with a seemingly endless number of customers at the same time. This means that scaling your customer service infrastructure is even more cost effective the more you scale up.

To conclude, hiring physical employees can prove incredibly expensive when you are trying to upscale your business so having a solution that can scale infinitely will reduce overhead costs. However, hiring the right employees could surely develop your business faster than a chatbot can. But the question is how do you hire the right people? Firstly, you must check whether their skills match the job requirements. Secondly, learn more about their background. If possible, ask your prospective employees for a police clearance (regarding any criminal history) just to be on the safe side. And lastly, check whether their work attitude is up to the scratch or not. Just remember that if you surround yourself with knowledgeable and hard working people, then it would not be difficult to upscale your business.

However, if you prefer machines over humans, then you would be happy to know that there are many benefits of having chatbots as a part of your business. They are increasingly becoming the norm which means you will be giving consumers what they expect. While also providing yourself with more customer data to inform business decisions going forward. This will improve most customers experiences with your brand.