Conversational Chatbots: Your Business’s Competitive Advantage

Did you know that conversational chatbots can keep your business open 24/7?

They can provide customer service, answer questions, and give recommendations to your customers. This is all done through the use of artificial intelligence (AI). Using chatbots, your company can listen to customers and respond in real-time.

But what are chatbots, and how do you get started with them? Keep reading to learn everything about chatbots and how they can bring your business to the next level.

What Are Conversational Chatbots?

Conversational chatbots are designed to mimic human dialogue by simplifying communication into questions and answers. This allows a bot to communicate in a conversational manner using input from the user. This can include text or speech recognition.

Companies use conversational chatbots for many things. They’re used for customer service, marketing messages, e-commerce product recommendations, and much more.

What Are The Benefits of Conversational Chatbots?

There are a lot of benefits to conversational chatbots. Chatbots will help make it easier for customers to get what they need from your company. They don’t have to wait on hold or go through an automated system. But here are some of the key benefits.

Personalization

Since conversational chatbots are naturally communicating with your customers, they can provide customer service or even market to them in a more personal manner.

More Accessible

The conversational aspect of conversational chatbots means they are easier for a person to use. This makes them more accessible for all customers regardless of age, literacy levels, or any disabilities such as speech and hearing impairments.

24/7 Customer Service

Conversational chatbots allow you to be able to provide customer service 24/7 either through text, voice, or video. This means that your customers can communicate with you at any time and in any format that is convenient for them.

Eliminate Redundant Work

This would allow chatbots to work with dynamic content and pull information from spreadsheets or databases. They can find the information they need without people inputting all the same information into different computers again.

Save Time

It gives your company a good advantage by providing better customer service than what the other companies do. This saves time for your employees so they can work on important things, like making new products or services.

Increase Online Sales

Conversational chatbots can increase conversions. They can recommend products and give coupons based on what the customer likes. Conversational chatbots are more competitive because they use real-time data to give personal recommendations.

The potential benefits of conversational chatbot technology are endless, which makes it so appealing to businesses nowadays.

How to Get Started with Conversational Chatbots

Getting started with conversational interfaces is simple, but you have to set it up. Setting up a conversational interface means teaching your chatbot how to talk with people. You can either have it be interactive or just confirm what the person said.

Setting up conversational chatbots is important because it provides a new way for customers to interact with your company. This can help their experience. Conversational chatbots are good for people because they can analyze and store what the customer says.

With this interface, customers and clients can talk to the service in natural language. This means that both novice users who don’t know how to code and programmers will have less work.

How Conversations Work with Conversational Chatbots  

Conversations with chatbots differ from other types of communication, which is because it goes back and forth between two entities- either names or user IDs programmed in.

This conversing back and forth is done in the form of utterances, usually structured like this: 

  1. an action (what verb you want the conversational chatbot to do)
  2. a slot for information that conversational chatbot needs such as data or content like images, audio, video, or links or URLs  

It could also have slots for things a bot will use to give answers. They provide sentiment, context, and entities. Once all slots have been filled with information, the bot can answer questions. A question is phrased in such a way that it contains enough information for algorithms to understand what you’re asking for and then answer your question.

Once the chatbot has answered your question, you can have a conversation with it. You can ask more questions or ask for other data from it. This is like talking to a person and this is why conversational chatbots are good at these conversations.

Build Your First Conversational Chatbot Today

Conversational chatbots can be a game-changer for your business.  They allow. your digital storefront to be open 24/7 and always provide stellar customer service.

And once you understand how chatbots work, there are so many different things you can build to benefit your business. It just takes a keen interest.

If this sounds interesting to you, then we invite you to take the next step by booking a 15-minute demo with our team of chatbot experts to get you started.