For businesses, especially in the digital realm, a chatbot is one of the most important professional services to use. Chatbots are something that every business should use as they can make the job easier, especially in providing quick responses to customer messages. Indeed, chatbots still cannot fully replace humans. However, chatbots can fill the limited human service capacity to manage customer relationship management optimally.
According to Landbot, the chatbot industry has been growing steadily even before the pandemic. However, the crisis provided a significant impetus for adopting this technology. In 2020, the chatbot market was worth $17.17 billion and could reach $102.29 billion by 2026, recording a compound annual growth rate (CAGR) of 34.75% in the forecast period 2021 – 2026.
Table Of Content
- What is Chatbot?
- Several Types of Chatbots
- How Chatbots Work
- The Important Role of Chatbots in Business
- Some of the Best Chatbot Platforms
What is Chatbot?
Chatbots are interactive applications designed to interact with humans via a platform using text as a method of communication. The primary purpose of chatbots is to communicate with humans in a human-like manner. Nowadays, various industries have used chatbots to help their communication relationship with users.
Several Types of Chatbots
This chatbot is a program created with the primary purpose of focusing on carrying out specific functions. A task-based chatbot can provide automated responses, like a conversation, to respond quickly to user questions. This chatbot can quickly answer common business questions. Companies widely use a task-based chatbot because of its convenience.
Data and Prediction-based Chatbot
Chatbots that work based on data and predictions are often referred to as virtual assistants because the chatbot has sophistication in responding to user questions. In addition, this type of chatbot is more interactive and more customizable than task-based chatbots. You can get virtual assistant services so your clients’ issues should be resolved on time and quick positive responses always give fruitful results.
How Chatbots Work
In short, the chatbot works by the keywords that have been logged into the system. Therefore, every time the chatbot receives a question from a user, the chatbot will automatically adjust which answer matches the keywords of the question asked. Apart from being equipped with responsive identification and analysis functions, there are three types of operating system methods chatbot use, namely:
In this method, the bot uses a pattern-matching strategy when grouping text. This allows bots to generate responses according to user requests. Whenever the chatbot receives a question, it provides an answer that matches the associated pattern. However, if a request is not in the form of a pattern, the chatbot cannot give an adequate response. This pattern is known as Artificial Intelligence Markup Language (AIML). An example of the AIML pattern used in a chatbot is as follows.
The way a decision tree-based chatbot works is arguably less user-friendly. This is because the user must follow the response sequence programmed by the bot engine. This method can sometimes be simple or complex, depending on how the developer designed the chatbot concept. However, many businesses also use this method since it is less complicated, faster, and still helpful in responding to user requests. When in use, users will see several buttons containing response text to continue the discussion with the chatbot.
The contextual chatbot method is based on an artificial intelligence system with machine learning (ML) to create a natural conversation. This method is the best system when we compare it to pattern matching and decision tree-based. One technology often used to create contextual working methods in chatbots is Natural Language Processing (NLP). NLP is a technology that makes it easy for AI to understand whatever context the user refers to in a particular language.
For the contextual system to work optimally, developers must design a large database to accommodate all forms of user request data. For example, developers can collect customer data, transcripts of conversations in the live chat feature, and other supporting data. The more data collected in the database, the more responsive the bot will grow.
The Important Role of Chatbots in Business
Available for 24/7
Consumers need services as quickly as possible to serve their needs. However, we know that there must be a limit to working hours if a business uses human services. By using a responsive chatbot, consumers will get assistance at any time without any time limit.
Cloud ERP software to automate various aspects of business, suitable for multiple types of companies. Take more accurate decisions with the support of the most advanced business management software.
Increase user satisfaction with customer service
Chatbots can proactively engage in conversations with customers by offering recommendations and assisting customers in solving problems they are experiencing. For this reason, companies often use bots to improve the quality of the customer experience in a company. If a business can serve customers at any time with the help of a chatbot, then customers will be more satisfied because they get the service they want.
Do not cost a lot
Chatbots are effective for businesses that are looking to save money. By using a chatbot, companies do not need to hire support staff to provide customer service and services.
Support lead conversion and increase sales
A lead generator is a business step to drive conversions from every visitor to a business website. Businesses can use bots and website chatbots to collect data about each website visitor, such as email addresses and phone numbers, to define target groups based on consumer preferences.
Some of the Best Chatbot Platforms
ManyChat is a chatbot platform that puts the chatbot creator experience first. From the sleek design of their drag-and-drop editor to their very rational pricing, ManyChat is one of the best chatbot builders out there. This chatbot can work across many common channels, such as Facebook Messenger, Instagram, email, and SMS, and has more than 25 templates to help you start using it.
MobileMonkey is a bot technology that is widely used on Facebook Messenger, websites, and SMS. Therefore, the business has a high opportunity to get a conversion, even higher with this platform. Especially if the company combines it with various other marketing measures, such as ad campaigns and drip marketing, you can choose to use the free or paid version according to your business needs.
In addition, MobileMonkey offers some benefits, such as: being able to manage all conversations through a smartphone mobile application and making conversations easy to understand and interactive.
Pandorabots is one of the oldest chatbot builders on the market. Pandorabots is open source, uses AIML, and allows users to build whatever they want. While there remains a curve to learn this chatbot builder compared to others, including some programming knowledge required, the possibilities are truly endless. You can use this chatbot in most of the popular messaging apps, as well as your mobile apps and websites. Pandorabots also uses a priced-to-scale model that allows you to scale your needs and prices as your needs evolve.
Ochatbot is an AI chatbot that can improve any business with a focus on eCommerce. This eCommerce chatbot helps shoppers choose recommended products, answer their questions, remove sales barriers, and reduce the number of support tickets by engaging them in a chat. When users interact with Ochatbot, sales rise by 20% to 40%. Additionally, Ochatbot reduces support tickets by 45% to 25%.
Instead of browsing via static internet pages, customers may now engage in a conversation with Ochatbot to get a more customized shopping experience. With Ochatbot’s 24/7 accessibility, you can offer customized product recommendations, draw attention to up-sell and cross-sell opportunities, promptly answer consumer questions and much more.
Giosg makes it easier than ever to provide faster and better service and save time for customer service agents. With Giosg’s no-code chatbot, you can start conversations, ask questions, recommend products, and capture high-quality leads around the clock before connecting them with the right sales agents and teams.
With the 20+ ready-to-use customizable templates and wide integration capabilities, you can launch chatbots on your website in minutes.
Chatbots have an essential role for businesses, especially businesses that are digitizing. By utilizing this technology, the company will be able to improve its services to customers further. This is because chatbots will answer customer questions quickly and responsively, so customers don’t have to wait long to interact with the company.
Implementing help desk software in an organization or business helps reduce the negative impact of unexpected problems or changes. Customer inquiries and complaints data and information can be used as material for business leaders to evaluate customer feedback and policy changes effectively. You can take advantage of HashMicro help desk app to help provide the best service for customers through direct interaction between admins and customers. Sign up now for a free demo and up to 50% PSG!