Reduce costs: The potential to reduce costs is one of the clearest benefits of using a chatbot. A chatbot can provide a new first line of support, supplement support during peak periods or offer an additional support option. In all of these cases, employing a chatbot can help reduce the number of users who need to speak with a human. You can avoid scaling up your staff or offering human support around the clock.
These are just a few of the most inspirational chatbot startups from the last year, with numerous others around the globe currently receiving acclaim for how quickly and innovatively they are using AI to change the world. With development becoming more intuitive and accessible to people all over the world, we can expect to see more startups using new technology to solve old problems.
If your interaction with a conversational bot is through a specific menu (where you interact through buttons but the bot does not understand natural language input), chances are you are talking to a bot with structured questions and responses. This type of bot is usually applied on messenger platforms for marketing purposes. They are great at conducting surveys, generating leads, and sending daily content pieces or newsletters.
The classification score produced identifies the class with the highest term matches (accounting for commonality of words) but this has limitations. A score is not the same as a probability, a score tells us which intent is most like the sentence but not the likelihood of it being a match. Thus it is difficult to apply a threshold for which classification scores to accept or not. Having the highest score from this type of algorithm only provides a relative basis, it may still be an inherently weak classification. Also the algorithm doesn’t account for what a sentence is not, it only counts what it is like. You might say this approach doesn’t consider what makes a sentence not a given class.
Simple chatbots work based on pre-written keywords that they understand. Each of these commands must be written by the developer separately using regular expressions or other forms of string analysis. If the user has asked a question without using a single keyword, the robot can not understand it and, as a rule, responds with messages like “sorry, I did not understand”.
Generally, companies engage in passive customer interactions. That is, they only respond to inquiries but don’t start chats. AI bots can begin the conversation and inform customers about sales and promotions. Moreover, virtual assistants can offer product pages, images, blog entries, and video tutorials. Suppose a customer finds a nice pair of jeans on your website. In this case, a chatbot can send them a link to a page with T-shirts that go well with them.
There are situations for chatbots, however, if you are able to recognize the limitations of chatbot technology. The real value from chatbots come from limited workflows such as a simple question and answer or trigger and action functionality, and that’s where the technology is really shining. People tend to want to find answers without the need to talk to a real person, so organizations are enabling their customers to seek help how they please. Mastercard allows users to check in with their accounts by messaging its respective bot. Whole Foods uses a chatbot for its customers to easily surface recipes, and Staples partnered with IBM to create a chatbot to answer general customer inquiries about orders, products and more.
The term "ChatterBot" was originally coined by Michael Mauldin (creator of the first Verbot, Julia) in 1994 to describe these conversational programs. Today, most chatbots are accessed via virtual assistants such as Google Assistant and Amazon Alexa, via messaging apps such as Facebook Messenger or WeChat, or via individual organizations' apps and websites. Chatbots can be classified into usage categories such as conversational commerce (e-commerce via chat), analytics, communication, customer support, design, developer tools, education, entertainment, finance, food, games, health, HR, marketing, news, personal, productivity, shopping, social, sports, travel and utilities.