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What a Chatbot Can Do for Your Business

As the digital space is becoming increasingly crowded, businesses are looking for new ways to stand out to consumers. The popularity of artificial intelligence-powered chatbots continues to expand, giving businesses the capacity to utilize this technology not only to enhance the customer service experience by providing fast and personalized answers and recommendations but to collect feedback and data from consumers, leading to powerful insights for your business. 

Many companies have already implemented the use of artificial intelligence to assist with customer service needs, and consumers across the board are willing and ready to receive assistance from chatbots. Keep reading to learn how chatbots can elevate your business’s customer service experience, all while collecting meaningful insights from consumers that lead to increased conversion rates.  

Elevate Customer Service Experience 

Chatbots have the ability to enhance the customer service experience in a variety of ways. One obvious benefit is the quickness and efficiency that chatbots deliver by providing immediate, 24/7 responses to users’ requests or inquiries. By providing fast and helpful information to users in real-time, consumers are given a positive experience and encouraged to remain on your site for a longer time period, leaving them with a favorable impression of your brand. 

Personalization of chatbot responses and recommendations is also a key factor making chatbots such a powerful tool for businesses. According to a study by Accenture, 75% of consumers are more likely to buy from a brand when they are acknowledged, remembered, or get relevant recommendations. With conversational artificial intelligence technology, chatbots have the capacity to respond to a consumer’s input and direct them to the correct products or provide content recommendations, even pulling from previously collected customer information to provide the user with a uniquely targeted recommendation or answer. 

Collecting Feedback from Consumer 

Beyond providing instant one-to-one customer service, chatbots can benefit your business by helping collect feedback from consumers, allowing you to enhance and optimize not only the customer service experience, but your product, service, or website as a whole. By analyzing where complaints, confusion, or pain points lie, you can revisit how to better address the same issue in the future and make appropriate updates to your chatbot or website.

How customers interact with your chatbot also tells a larger story on consumer trends. For example, analyzing what question or information the user was looking for insights on and the result from the interaction can help to adapt your customer service strategy. Did they leave a negative or positive review, make a purchase, or take no action at all? Every interaction that your chatbot has with the user will help you identify key trends to justify your customer’s action. 

Collecting feedback from chatbots allows you to create a better product, service, or customer experience, which in return elevates your brand experience and perception. 

Increased Conversions Rates 

How can chatbots directly impact conversion rates and encourage consumers to make a purchase? As discussed, chatbots provide immediate answers to users. By providing immediate direction to the appropriate product/service or answer to their inquiry, users are encouraged to complete a purchase at a quicker rate. In addition, as chatbots collect data from consumers, they can make relevant and specific recommendations, such as directing them to similar products or products they have already viewed but did not purchase.

For more tips and tricks on bot development and building bot frameworks directly from industry experts, visit discover.bot.

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