Importance of Chat Bots to Business

Bots are artificial intelligence systems that interact with users via messaging, text, or speech. They’re being used on websites, as well as on platforms like Facebook Messenger, WhatsApp, Slack, WeChat, and more. They allow businesses to move communication with their customers or potential customers forward without human participation.

Your brand can essentially be present 24/7. That said, a bot is only as good as its programming and user input allow it to be. Additionally, bots require training.
Complete automation or AI replacement for customer service isn’t feasible at this time. However, we’ve made leaps and bounds in just a very short time.
The technology is now becoming advanced enough that bots can be used in a meaningful way, and this is expected to continue to grow. An early adopter that makes use of chatbot technology is 1-800-Flowers, which was one of the first to use Facebook Messenger bots. Customers can get help with flower selections and receive instant updates on delivery timing.

#2: Bots Signal a Boon for Messaging Apps
Mobile messaging apps like WhatsApp and Facebook Messenger are huge business. People want to be able to log in from wherever they are and chat with friends, family, and even brands they do business with.

Mobile messaging apps are about more than just sending messages. The industry has evolved and with falling data prices, improved features, and cheaper prices for mobile devices, the apps are available to a larger base of users than ever before.
Tech-savvy brands are building on the popularity of messaging a pps and bot technology by focusing on growth now, and then in the next phase on building services and monetizing. While the stats show that marketers and media companies are still focusing on and putting more resources into social networks than messaging apps, this is expected to change between now and 2020.
We could see a big shift in the online marketing world as media companies and marketing experts move from social networks to messaging apps and bot technology instead. As technology changes and brands fight to “go where the customer is,” we’ll see more of this.
Messaging platforms will continue to grow and we’ll see more brands taking advantage of bots to connect with their target market using these apps.
#3: Bot Tech Will Develop Rapidly in 2018
What’s next for chatbots? Technology around the chatbot industry is growing at a rapid rate. Bots are learning to do more things; spot patterns better; and trigger accurate responses based on keywords, phrases, or other stimuli.

According to a recent report by Grand View Research, the global chatbot market is expected to reach $1.23 billion by 2025. Trends that we’ll likely see in 2018 and beyond include more advances in AI development. Smarter AI means more accurate chatbot experiences.

Voice interfaces like Amazon’s Alexa are gaining traction with users, and Google is working to make voice interfaces interactive with wearable devices and smartphones. We’re also seeing advances in conversational interfaces; companies like Drift and iAdvize are leading the pack in this area.
Have you landed on a website and seen a chatbox pop up (usually in the lower right) asking you questions? Expect to see more of this.
Many businesses are already using bot technology for things like marketing, sales, and customer service.
As we can see from the stats, the chatbot industry is only going to continue to grow, and 2018 is likely a launchpad year for the future of the bot industry.
We will eventually see chatbots completely replace native apps and that transition will make some huge leaps in 2018. No longer will users have to go from a site to an application and back again. The flow will be seamless, based on the user’s needs and preferences.
The stats show us that bots are here to stay, at least in the foreseeable future. The technology is growing at a rapid rate, bots are becoming cheaper and easier to use, and more businesses and brands are hopping on board.

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I am a web developer, Blogger and Digital Marketer who is working as a freelancer at Namco Digital Services. I am living in Lagos Nigeria. You can chat me on Skype: Naomi C.

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