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What exactly is The Conversational Artificial Intelligence, and what is it?Contrary to basic chatbots which are usually rules-based, AI chatbots rely on natural language understanding, natural language processing, and natural language generation to understand and respond to the human beings they interact with. AI chatbots employ machine learning, a capability of AI that makes bots smarter as time passes and usage. Chatbots interact with people via instant messaging online and are able to be integrated into a range of applications and websites. Chatbots come in two formats that are simple and sophisticated. Chatbots that respond to simple questions employ a range of pre-established answers. A smart chatbot uses machine learning when talking with users. Chatbots can create an enormous database of responses. What is the rate of AI chatbots in your industry? Chatbot use in the area of customer service is expected to grow by 31.7 percent in the next five years. Over 80% of businesses will feature chatbots on their sites by 2020. If you want to stay current with your competitors then you should look into utilizing an AI software for your company. The top advantages of AI chatbots Below, we'll examine the top benefits of integrating the ai platform in your business. It is not just that you will be able to stay ahead of your competitors and be able to stay ahead of them, but you'll also be able to provide significant benefits to your customers. These advantages can benefit you and your company both in the near and long term. Enhance lead generation The amazing potential of AI chatbots to create leads is due to the way they operate, learn and collect information. Chatbots are able to qualify leads by asking pertinent questions and directing the prospect to sales representatives or an appointment scheduler. This makes it easier by sales teams to locate qualified leads. This makes lead generation much more effective and profitable. There are far fewer cold calls! While lead generation may not be the first thought that you consider when it comes to using AI chatbots for customer support but it could be a nice benefit. The more the AI application is able to learn about your clients, the more understanding you'll get. AI is a powerful tool that can simplify everything, from sales to marketing. Faster resolution Customers don't want to wait long on hold to get answers to their questions. It might take about 10 minutes to seek help in a typical scenario where customers have to wait to talk to someone on the internet or via phone. Aisera has amazing information about top AI startups in silicon valley. Many customers become frustrated during that waiting period. It can be more difficult to create a lasting connection with those who are already annoyed by the wait. This is not a new phenomenon in any way. This is similar to waiting in line to get help via a phone call. The wait is now on their computer, however the frustration is still there. There is virtually no waiting time when you integrate an AI chatbot to your website. The user can begin asking questions of the AI instantly and receive the answers they require quickly. This is a more efficient method of offering customer service. If the issue is more complex than the AI bot can resolve the issue, customers are able to be directed to live customer service representatives. The same is true the same for AI chatbots. You'll notice that they provide consistent answers. The bots will provide identical answers to the same person even if they're asked the same question repeatedly. This may not always be the case when they talk to two different live agents. They could get two totally different answers, which could cause confusion to customers. What rep should you trust? Have you ever had this happen to you? 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