What is a chatbot?
It is a technical program that takes up the responsibility of human conversation to solve different problems for your customers. They make your customer experience very convenient and fast. If the problem is still unsolved and out of context, they can even lead you to human agents for further procedures and solutions.
A good website is easily available and a quick problem solver when required. It saves humans time and makes a more advanced impression on the user.
Chatbots are a boon to businesses
Chatbots, in short, are a cost-effective solution for your customers. They enhance customer support as they are available every time they log on to your site. Some businesses have even started to serve their customers through chatbots for information and documentation procedures.
After all, they are fast at listening to your queries, unlike the manual ways where customers have to hunt for contact information to reach the customer support desk. Chatbots have surely filled the gap between customers and businesses.
How do they function?
Chatbots are generally seen on websites. They are like pop-ups when you open any page of the site you are searching for. They are easy to access and use. The functioning of chatbots depends upon how they are developed. Based on that, we have two types of chatbots:
They are also called virtual or digital assistants and are effective and conversational. They use NLP, NLU, and AI/ML to understand the behavior patterns and customer queries so that they can properly answer their questions. Some examples of predictive or conversational chatbots are Google’s assistant, Siri from Apple, Alexa (Amazon), etc.
Declarative chatbots are the most commonly used chatbots. They are designed to hold only structured conversations, including answering the questions they know and are commonly asked, like service features, pricing or products, and customer care numbers, and they can also revert to limited common responses.
The two main components of chatbots are-
Data and Artificial Intelligence: Chatbots are possible due to the algorithms of AI to build a voice-based or textual conversational application. Once they are developed, they automatically take up the data information and carry out further proceedings.
Why are they beneficial?
Saves time: Chatbots are the best source for saving you an ample amount of time as they take up human activities, which can otherwise utilize too much time.
Cost-efficient: Chatbots are very accurate, and if you make a one-time investment in them, you can cut off the customer support team at once and focus on other growth areas.
A good customer experience: Now your customers do not have to wait for a very long time or go through a hectic process to get solutions; they are just one chatbot away. This automatically gives a good impression of your brand.
As we are moving to the AI era where the majority of tasks will be machine-driven, chatbots are a great example as they are evolving rapidly according to human needs. With all such benefits, chatbots are surely a thing to try for your business's growth.