Short for chat robot, a computer program that simulates human conversation, or chat, through artificial intelligence. Typically, a chat bot will communicate with a real person, but applications are being developed in which two chat bots can communicate with each other. Chat bots are used in applications such as ecommerce customer service, call centers and Internet gaming. Chat bots used for these purposes are typically limited to conversations regarding a specialized purpose and not for the entire range of human communication.
One key reason: The technology that powers bots, artificial intelligence software, is improving dramatically, thanks to heightened interest from key Silicon Valley powers like Facebook and Google. That AI enables computers to process language — and actually converse with humans — in ways they never could before. It came about from unprecedented advancements in software (Google’s Go-beating program, for example) and hardware capabilities.

Intents: It is basically the action chatbot should perform when the user say something. For instance, intent can trigger same thing if user types “I want to order a red pair of shoes”, “Do you have red shoes? I want to order them” or “Show me some red pair of shoes”, all of these user’s text show trigger single command giving users options for Red pair of shoes.
Chatbots are used in a variety of sectors and built for different purposes. There are retail bots designed to pick and order groceries, weather bots that give you weather forecast of the day or week, and simply friendly bots that just talk to people in need of a friend. The fintech sector also uses chatbots to make consumers’ inquiries and application for financial services easier. A small business lender in Montreal, Thinking Capital, uses a virtual assistant to provide customers with 24/7 assistance through the Facebook Messenger. A small business hoping to get a loan from the company need only answer key qualification questions asked by the bot in order to be deemed eligible to receive up to $300,000 in financing.
In a new report from Business Insider Intelligence, we explore the growing and disruptive bot landscape by investigating what bots are, how businesses are leveraging them, and where they will have the biggest impact. We outline the burgeoning bot ecosystem by segment, look at companies that offer bot-enabling technology, distribution channels, and some of the key third-party bots already on offer.
AllAgriculture (24) AI & ML (142) AR, VR, & MR (65) Asset Tracking (53) Blockchain (21) Building Automation (38) Connectivity (148) Bluetooth (12) Cellular (38) LPWAN (38) Data & Analytics (131) Devices & Sensors (174) Digital Transformation (189) Edge & Cloud Computing (54) Energy & Utilities (42) Finance & Insurance (10) Industrial IoT (101) IoT Platforms (81) Medical & Healthcare (47) Retail (28) Security (139) Smart City (88) Smart Home (91) Transport & Supply Chain (59) UI & UX (39) Voice Interaction (33)
Note — If the plan is to build the sample conversations from the scratch, then one recommended way is to use an approach called interactive learning. We will not go into the details of the interactive learning here, but to put it in simple terms and as the name suggests, it is a user interface application that will prompt the user to input the user request and then the dialogue manager model will come up with its top choices for predicting the best next_action, prompting the user again to confirm on its priority of learned choices. The model uses this feedback to refine its predictions for next time (This is like a reinforcement learning technique wherein the model is rewarded for its correct predictions).
All of these conversational technologies employ natural-language-recognition capabilities to discern what the user is saying, and other sophisticated intelligence tools to determine what he or she truly needs to know. These technologies are beginning to use machine learning to learn from interactions and improve the resulting recommendations and responses.
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IBM estimates that 265 billion customer support tickets and calls are made globally every year, resulting in $1.3 trillion in customer service costs. IBM also referenced a Chatbots Magazine figure purporting that implementing customer service AI solutions, such as chatbots, into service workflows can reduce a business’ spend on customer service by 30 percent.
As I tinker with dialog systems at the Allen Institute for Artificial Intelligence, primarily by prototyping Alexa skills, I often wonder what AI is still lacking to build good conversational systems, punting the social challenge to another day. This post is my take on where AI has a good chance to improve and consequently, what we can expect from the next wave of conversational systems.

This is where most applications of NLP struggle, and not just chatbots. Any system or application that relies upon a machine’s ability to parse human speech is likely to struggle with the complexities inherent in elements of speech such as metaphors and similes. Despite these considerable limitations, chatbots are becoming increasingly sophisticated, responsive, and more “natural.”
It's fair to say that I'm pretty obsessed with chatbots right now. There are some great applications popping up from brands that genuinely add value to the end consumer, and early signs are showing that consumers are actually responding really well to them. For those of you who aren't quite sure what I'm talking about, here's a quick overview of what a chatbot is:
Foreseeing immense potential, businesses are starting to invest heavily in the burgeoning bot economy. A number of brands and publishers have already deployed bots on messaging and collaboration channels, including HP, 1-800-Flowers, and CNN. While the bot revolution is still in the early phase, many believe 2016 will be the year these conversational interactions take off.

The chatbot must rely on spoken or written communications to discover what the shopper or user wants and is limited to the messaging platform’s capabilities when it comes to responding to the shopper or user. This requires a much better understanding of natural language and intent. It also means that developers must write connections to several different platforms, again like Messenger or Slack, if the chatbot is to have the same potential reach as a website.

Chatbots have been used in instant messaging (IM) applications and online interactive games for many years but have recently segued into business-to-consumer (B2C) and business-to-business (B2B) sales and services. Chatbots can be added to a buddy list or provide a single game player with an entity to interact with while awaiting other "live" players. If the bot is sophisticated enough to pass the Turing test, the person may not even know they are interacting with a computer program.


Expecting your customer care team to be able to answer every single inquiry on your social media profiles is not only unrealistic, but also extremely time-consuming, and therefore, expensive. With a chatbot, you're making yourself available to consumers 24 hours a day, seven days a week. Aside from saving you money, chatbots will help you keep your social media presence fresh and active.
Es gibt auch Chatbots, die gar nicht erst versuchen, wie ein menschlicher Chatter zu wirken (daher keine Chatterbots), sondern ähnlich wie IRC-Dienste nur auf spezielle Befehle reagieren. Sie können als Schnittstelle zu Diensten außerhalb des Chats dienen, oder auch Funktionen nur innerhalb ihres Chatraums anbieten, z. B. neu hinzugekommene Chatter mit dem Witz des Tages begrüßen.
As I tinker with dialog systems at the Allen Institute for Artificial Intelligence, primarily by prototyping Alexa skills, I often wonder what AI is still lacking to build good conversational systems, punting the social challenge to another day. This post is my take on where AI has a good chance to improve and consequently, what we can expect from the next wave of conversational systems.
With natural language processing (NLP), a bot can understand what a human is asking. The computer translates the natural language of a question into its own artificial language. It breaks down human inputs into coded units and uses algorithms to determine what is most likely being asked of it. From there, it determines the answer. Then, with natural language generation (NLG), it creates a response. NLG software allows the bot to construct and provide a response in the natural language format.
Other companies explore ways they can use chatbots internally, for example for Customer Support, Human Resources, or even in Internet-of-Things (IoT) projects. Overstock.com, for one, has reportedly launched a chatbot named Mila to automate certain simple yet time-consuming processes when requesting for a sick leave.[31] Other large companies such as Lloyds Banking Group, Royal Bank of Scotland, Renault and Citroën are now using automated online assistants instead of call centres with humans to provide a first point of contact. A SaaS chatbot business ecosystem has been steadily growing since the F8 Conference when Facebook's Mark Zuckerberg unveiled that Messenger would allow chatbots into the app.[32] In large companies, like in hospitals and aviation organizations, IT architects are designing reference architectures for Intelligent Chatbots that are used to unlock and share knowledge and experience in the organization more efficiently, and reduce the errors in answers from expert service desks significantly.[33] These Intelligent Chatbots make use of all kinds of artificial intelligence like image moderation and natural language understanding (NLU), natural language generation (NLG), machine learning and deep learning.
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