Author: Franz Malten Buemann

  • Flavours That Boost Chatbot & Customer Relationship

    Chatbots are making a huge contribution by making all the advancements, generating high ROI, customer satisfaction, and more on the basis of their capabilities.

    Chatbots use their wealth of knowledge to provide comprehensive answers to your simple queries. They convert the input text into a structure to convert it to an internal query, obtain output, and then deliver the output. Their ability to provide relevant information on a continuous basis to simple queries is why chatbot seem to be really smart.

    Customers always expect an incredible experience. Chatbots offer exactly what the customers want. In other words, your brand and customer bridge might be a chatbot. But does chatbot is smart enough to understand the customer regionally?

    Suppose that you talk to a chatbot, you understand Spanish and the chatbot answers you in English. Certainly, the customer will get upset and leave the discussion. Chatbots are all sophisticated and all fine, but are they smart enough to understand demographics?

    Let’s look at a few points that chatbots should adapt to be more precise and smarter.

    Name Entity Recognition

    It is important for bots to be more detailed and specific. A key element of the application to process natural languages (NLP) is called Named Entity Recognition (NER). It helps the bot to correctly recognize entities such as dates, times, places, numbers, names, and product descriptions in the input document. The ability of a bot to detect, comprehend, and obtain information from words is crucial to their service.

    In essence, chatbots would recognize, extract, and detect entities in languages that are suitable for their business.

    Switching Languages

    Not all customers are comfortable to talk in English, your chatbot should be very versatile to switch between customer’s preferred languages. This provides a sense of satisfaction for consumers and lets them know to like the company is mindful of their needs. It should also be noted that users can always change their preferred language.

    Trending Bot Articles:

    1. Case Study: Building Appointment Booking Chatbot

    2. IBM Watson Assistant provides better intent classification than other commercial products according to published study

    3. Testing Conversational AI

    4. How intelligent and automated conversational systems are driving B2C revenue and growth.

    Automation in terms of personalized content

    The chatbot should be intelligent enough to provide personalized content. Intelligent chatbots can take decisions in order to produce content that is more susceptible to gaining momentum based on an interpretation of consumer information, expectations, trends of customer behaviour, market data, and different factors.

    A chatbot can encourage better customer involvement and drive content when engaging with customers based on previous customer communication, purchasing history, and patterns that can be unique to each of its customers.

    Demographics

    Regionalization is important! It is important that your customers are relaxed and customized. Imagine a Tamil customer talking to a chatbot, then chatbot should be so clever in adapting tonality to the customer’s responsibility. Then, during communication, a customer is secured and open.

    Chatbots take customer relationships (CRM) up to a new stage, with the automated and enhanced communication of business-to-business, business-to-consumer, and consumer-to-business communication in the form of the right information.

    Add human touch

    Human touch can be more than enough to improve interactivity to compensate for a less human chat. Even minor dialogue adjustments can make the chatbot more interactive. With the growth of the chatbot, companies can offer a more or less real-time feature to drive human touch in their conversation.

    Conclusion

    The successful implementation of AI chatbot, nevertheless, poses its own challenges. There is a startling difference between various generations and the way they communicate with technology, and companies that do not know that is not likely to accomplish this with their chatbot application in natural languages. In order to satisfy their desires and preference, you should be able to recognize the platforms that your customer base uses.

    Your awareness and methods of communicating with customer service are one of the first building blocks your organization can use to make a chatbot implementation even more seamless and efficient. Bear in mind that this information is not only true for new chatbots — organizations with existing chatbots can also decide who they are targeting and which channels their clients want.

    Don’t forget to give us your 👏 !


    Flavours That Boost Chatbot & Customer Relationship was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

  • If you know Excel, you can create your own bot!

    Excel template to create your bot

    Until now, Xatkit was “only” a low-code chatbot development platform (or better said, a chatbot orchestration platform) that you could use to create all kinds of (chat)bots with our chatbot domain-specific language. As with any low-code tool, Xatkit helps you to define chatbots minimizing the amount of code you need to write. But it doesn’t completely remove it. You still need to have some basic tech skills to create your bot.

    Now, Xatkit is becoming also a no-code tool that enables you to create a chatbot with absolutely zero code. Even more, Xatkit is not only a no-code tool but also a no-learn one. Meaning that, instead of forcing you to learn a new interface to define your bots, you can just use Excel for your chatbot definitions. Creating bots doesn’t get easier than this!. As you can see in this demo, even the chatbot we have on Xatkit’s homepage has been fully generated from an Excel file.

    You have all the details about this new Excel to chatbot service we’re offering on this page. We hope you find it useful. We do believe it really helps to democratize the creation of chatbots by bringing the chatbot definition process as close as possible to the end-user. And nothing more universal than a spreadsheet 🙂 . No need to code, no need to learn. If you know Excel, you can define your own bot!. Fill the template and in a couple of days we’ll get back to you with a ready-to-test bot. We’ll use this time to validate your bot definition, create and deploy the bot and do some internal testing before showing it to you. We’ll also take some notes on potential improvements in the bot definition that we can fix together before releasing your bot to the world.

    Of course, you cannot create just any bot. This is an obvious trade-off if you impose the condition of writing zero-code to define the chatbot. Right now we’re focusing on Question & Answer bots but we’re working on other powerful templates that offer more flexibility while sticking to the no-code paradigm.

    Trending Bot Articles:

    1. Case Study: Building Appointment Booking Chatbot

    2. IBM Watson Assistant provides better intent classification than other commercial products according to published study

    3. Testing Conversational AI

    4. How intelligent and automated conversational systems are driving B2C revenue and growth.

    And we also plan to go beyond Excel files or, in fact, any kind of spreadsheets. If you have your bot defined somewhere/somehow, feel free to reach out with whatever you have and we’ll see how we can derive a chatbot from it, always looking to minimize your time investment. From our conversations with potential clients, we have realized that this initial effort to define the bot is one of the major factors that stop people from creating (and benefitting from) bots. At Xatkit, our commitment is to lower the barriers to entry to the chatbot world!

    Don’t forget to give us your 👏 !


    If you know Excel, you can create your own bot! was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

  • 9 Contact Center Trends For 2021

    9 Contact Center Trends for 2021

    Contact centers are at the heart of every customer-serving enterprise. In an increasingly virtual world, developing highly personalized, valuable relationships with customers requires organizations to augment human interactions with technology.

    The trends highlighted above will pave the way for next-gen contact centers. And, as you explore them, do have a look at our digital solutions, including our enterprise chatbot builder platform (BotCore), our Microsoft-powered RPA-bot integration, and advanced AI and analytics technologies that can reshape your contact centers in 2021 and beyond.

    please check the link here for more information

    submitted by /u/Sri_Chaitanya
    [link] [comments]

  • Workout and Diet Chatbot

    So I want to create this workout and diet bot, does any of you already know a chatbot that does this (in that case could you provide me with a link with the source code). If not, could you help me with the possible questions a user could ask the chatbot, such as how to do push-ups, what are some high in protein meals, etc.
    Edit: Forgot to mention I am writing using AIML. (more specifically in pandorabots for now)

    submitted by /u/cojoandreea
    [link] [comments]

  • Why banks need to embrace Conversational AI … quickly …

    Why banks need to embrace Conversational AI … quickly …

    Hey Bank! Listen! Do me a favor and just get a chatbot to talk to me. Enough of the long waits, unending IVR menu items, and dumb customer support agents

    -A frustrated bank customer

    For customers, dealing with banks once meant visiting the branches, waiting in line and getting the work done. But in this digital age, websites and mobile apps are the go to communication channels between customers and banks. This has made it very easy for banks to reach their customers and have enabled customers to have their financial information at the click of button. This shift in communication channels has led to customers expecting quick, delightful and personalized experiences from the banks.

    Banks and Financial institutions have always been slow in adopting the latest technology and hence are falling short of customer expectations. They are also missing out on an opportunity to build a relationship with their customers through efficient and cost-effective digital channels which would lead to higher customer LTV(Life Time Value). Financial institutions need to stop waiting for customers to approach them and rather become proactive and start interacting with customers to build better relationships.

    The easiest way for banks to engage with customers and build long lasting relationships is to use CONVERSATION. Customer Support chatbots and Smart Assistants are the tools that can automate customer support and also provide delightful customer experiencesChatbots? Virtual Agents? Smart Assistants? RPA? Find out the difference here

    Banks need to embrace AI-powered chat software (chatbots and virtual assistants) to engage customers through familiar text and voice based interfaces. These virtual assistants are programmed to solve common customer queries and guide them with various processes and procedures in a conversational manner. These interactions can be done over well known channels like FB messenger, WhatsApp, IVR and many others.

    Trending Bot Articles:

    1. How Chatbots and Email Marketing Integration Can Help Your Business

    2. Why Chatbots could be the next big thing for SMEs

    3. My Journey into Conversation Design

    4. Practical NLP for language learning

    What are the benefits, you may ask. Here are a few

    • Improved customer experience — Virtual assistants provide consistent support to your customers, 24×7
    • Greater reach — Virtual Assistants provide delightful customer experiences through the channel of their choice be it voice or chat
    • Low maintenance — Virtual Assistants need not be monitored continuously and can be updated easily using a chatbot platform (Check out the Smartbots Platform )
    • Higher Productivity — Virtual Assistants handle common tasks so that human agents can concentrate on complex tasks at hand
    • High self-service rate — Virtual Assistants are designed to resolve customer queries without human intervention
    • Greater Customer insights — Virtual Assistants provide insights about customer queries & requests leading to greater engagement, relationship & loyalty

    Conversational AI and chatbots in Banking are redefining how banks talk to their customers by making two-way communication possible. Today’s customers expect exceptional digital experiences. AI-powered Virtual Assistants not only ensure automated, delightful, personalized customer experiences but also provide useful information and insights that prove to be a great advantage for the banks.

    Check out Smartbots.ai to start your journey with enterprise Conversational AI

    Don’t forget to give us your 👏 !


    Why banks need to embrace Conversational AI … quickly … was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

  • Can New Voice Assistants Compete Against Google, Amazon, and Apple?

    Orange chose to quit selling its Djingo keen speaker, and it didn’t get a lot of notice. However, it is believed to be critical. It shows…

  • Legal chatbots are empowering law firms to automate routine tasks and simplify customers intake…

    Legal chatbots are empowering law firms to automate routine tasks and simplify customers intake process

    KLoBot Legal chatbot builder

    Role of Technology in the Legal Industry

    The legal industry has undergone a significant transformation over the last decade and will continue to grow at a significant pace. Several law firms across the world are expected to increase their annual investments in legal technology. For instance, the year 2019 witnessed an increase in legal tech investments, which surpassed $1.2 billion.

    Digital transformation is changing the face of the legal industry by creating several opportunities for law firms in terms of global market expansion, remote working, customer experiences, social media marketing, and much more.

    Legal firms are also emphasizing on migrating to the cloud for assisting their IT departments in terms of agile working, improving security, and data storage. This shift towards the cloud has empowered lawyers to work flexibly from any location and any time of the day.

    Legal tech — Easing the practice of law for lawyers and paralegals

    Legal tech refers to the set of technologies that can significantly change the way of using legal services. Major technologies uplifting the legal industry include Big Data, AI, Cloud, RPA, IoT, and Blockchain, among others. These technologies are enabling law firms to better serve their clients as well as internal employees. Majorly, law firms are looking towards legal tech for enhancing productivity, reducing costs, and boosting customer satisfaction.

    Few advantages of technology in the legal industry include:

    Reduced risk of errors

    Increased transparency

    Improved customer service

    Higher convenience

    Enhanced employee engagement

    Better resource management

    The sector is showing a growing interest in legal AI solutions, which has the potential to transform the practice of law and streamline work processes. The trend is expected to continue in the coming years with several AI applications, including chatbots and virtual assistants being adopted by legal professionals for augmenting the workflows.

    Legal Chatbots — A solution to get ahead in a fast-changing legal environment

    AI-enabled chatbots are evolving rapidly and are creating unprecedented opportunities for law firms to optimize their work processes. Law firms are utilizing conversational AI tools majorly for streamlining and augmenting legal services offered to clients. However, Law firms are also deploying chatbots for simplifying monotonous internal tasks done by attorneys or partners. Deploying these AI-enabled chatbots is a smart and effective way to relieve the legal department from the tedious and time-consuming administrative tasks, allowing them to focus on billable tasks.

    Legal chatbots, being available 24/7, offer instant support to attorneys across channels and eliminates the need to call or email to support staff. Chatbots are enabling attorneys to ease the access to legal source materials from any device and at any moment of the day.

    Trending Bot Articles:

    1. How Chatbots and Email Marketing Integration Can Help Your Business

    2. Why Chatbots could be the next big thing for SMEs

    3. My Journey into Conversation Design

    4. Practical NLP for language learning

    Legal chatbot benefits for law firms

    Chatbots will continue to play a significant role in digitally transforming legal firms and enhancing overall business processes. These legal chatbots are helping law firms in different ways, which include the following.

    Automated processes:

    Chatbots and virtual assistants help lawyers in managing their daily routine tasks of scheduling meetings, processing titles, and other odd jobs, which were earlier done by junior attorneys. Chatbots provide law firms an opportunity to effectively use their resources and cut down the chances of errors.

    Generate and review legal documents:

    Chatbots have automated several in-house legal tasks that were earlier performed manually by lawyers. Chatbots help attorneys and partners to create the filled-out documents based on their data inputs. These chatbots are enabling lawyers to focus more on other complex issues, resulting in an enhanced pace of operations.

    Legal research:

    Chatbot provides lawyers an updated and revised laws as well as regulations to ease the research and maintain the necessary knowledge and skills. Attorneys and partners are leveraging chatbots to easily look for relevant documents while working on a particular case.

    Due diligence purposes:

    Due diligence is one of the primary processes that an attorney needs to perform on behalf of their clients. It is often a tedious and time-consuming process where an attorney thoroughly assesses a legal situation and confirms facts and figures. Here AI-enabled chatbots can automate and speed up this process by conducting a comprehensive investigation. These chatbots can review hundreds of documents and ask numerous questions to unveil key information and produce a full report for attorneys.

    Time tracking:

    A chatbot gathers all the information from attorneys to fill up timesheets and create comprehensive reports. These reports are further used by account teams for billing purposes. Chatbots eliminate the inaccuracy in billable hours and allow attorneys to calculate the effort being spent on each client for estimating the potential future efforts.

    KLoBot — Legal chatbot builder
    A robust, secure, and incredibly intelligent platform for creating chatbots

    KLoBot — Offering partners and attorneys great value

    KLoBot is enabling law firms to create a new legal culture that is data-driven, customer-centric, process-oriented, collaborative, and transparent. Chatbots built on the KLoBot platform empower law firms to streamline the internal processes and upgrade the attorneys, partners, and associates experiences. These chatbots act as a personal assistant for attorneys to easily lookup for a client- and matter-related information.

    KLoBot-enabled legal chatbots can identify and analyze the complex issues, which need human support. With KLoBot live agent handoff capabilities, chatbots can seamlessly transfer those complex queries to live support agents. The transition from chatbot to human agent helps attorneys to get accurate and in-depth responses.

    Don’t forget to give us your 👏 !


    Legal chatbots are empowering law firms to automate routine tasks and simplify customers intake… was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

  • Massachusetts-based startup AdmitHub raises $16 million for AI-powered education-focused chatbots

    Massachusetts-based startup AdmitHub raises $16 million for AI-powered education-focused chatbots

    Boston, Massachusetts-based startup AdmitHub, developing an education-focused chatbot platform aimed at boosting student enrollment and graduation rates, has raised $16 million in a Series B round led by Rethink Education. The organization, which additionally reported it will be rebranding as Mainstay, plans to put the assets toward growing its labour force and securing new training clients.

    For more Insights, Link

    https://preview.redd.it/zvxty77kulk61.png?width=810&format=png&auto=webp&s=b0fb55259cb0ec78aac84342fd1f3d07d651214e

    submitted by /u/botpenguin1
    [link] [comments]

  • Voice Assistant Use Case Banking, Finance and Insurance Industries

    It is researched that 46 percent of US citizens use voice assistants. Observing the strong presence of voice assistants, banks, financial, service and insurance (BFSI) firms have actively adopted enterprise voice assistants for both internal (employees) and external (customers) purposes. It is said that JP Morgan &Co is enabling its clients by allowing access to research and analytics reports through voice chatbots. Also, twelve thousand field agents to be powered by voice assistant’s capabilities, states Mark Madgett, the New York Life Insurances VP.

    These are some of the banks and financial firms, allowing usage of services through voice assistants:

    1. Capital One Financial Corp. uses Amazon Alexa services (first American bank to get a voice assistant)
    2. New York Life Insurance uses Amazon’s Alexa
    3. JP Morgan uses Amazon’s Alexa
    4. Ally Bank uses Amazon’s Alexa
    5. American Express uses Amazon’s Alexa
    6. National Australia Bank uses Google Home
    7. Garanti, a Turkey bank uses a mobile voice assistant
    8. Santander Bank has its own mobile app voice assistant Voiceprint app
    9. HDFC is about to get Amazon’s Alexa
    10. Paypal is Siri enabled

    Users can inquire about their account balance, latest transactions, fixed deposits, recurring deposits, loan balance, etc.

    With a smart assistant, funds can be transferred in just two easy steps, making it the quickest among all interfaces. For added security, an additional step for O.T.P. verification can also be included.

    Trending Bot Articles:

    How Chatbots and Email Marketing Integration Can Help Your Business

    Why Chatbots could be the next big thing for SMEs

    My Journey into Conversation Design

    Practical NLP for language learning

    Keeping track of one’s upcoming due bills can be tricky. A voice assistant can help users keep track of their bills, remind them of their due date and help them pay without any hassle.

    Through voice assistant, you can increase the outreach of your promotional rewards. Customers will be inclined to check the offers on a voice-first interface because of the ease of access.

    Getting account statements regarding credit and debit transactions is something people need from time to time. With a smart assistant, users may ask for statements for any desired timeframe and the results will be directly emailed to them.

    Do more than just banking. Users will also have the option to recharge their mobile phones and D.T.H. accounts hassle-free.

    Customers traveling abroad rely on forex services. They can check for currency prices, get to know foreign exchange rates, and get information about forex cards, all this without visiting a branch.

    Interest Rates are a crucial factor for someone looking to make a long-term investment. This will be possible with an A.I. assistant on their desk, users will be able to check for interest rates on F.D., R.D. and other schemes whenever they feel like.

    A smart investment strategy is a prudent strategy. A smart assistant can help the user give sounds investment strategy, conversations may also be guided to inform the user about the different loan schemes.

    Users will have the option to make service requests like requesting a new checkbook, hotlisting credit or debit cards, etc.

    Users will be able to access services related to their Demat account like account balance, stock prices, portfolio status, etc., and will even be able to give trade execution commands.

    “Sixty-six percent of US adults use voice assistants or chatbots, and 87 percent are aware of the technologies. 21% of US adults use voice assistants or chatbots to perform e-commerce tasks like paying bills or online banking.”

    Catch up to the customer trend to stay live in your business. If you are still confused or willing to have more knowledge on the use cases/applicability of voice assistants in the BFSI space, talk to us on Voxogenic.com for a free consultation.

    If you are looking to build any kind of conversation apps that works through Voice and Chat, please feel free to drop us an email at contact@voxogenic.com

    We have expertise in designing and developing Voice applications on Amazon Alexa & Google Home and Chatbots for platforms such as Website, Mobile Apps, Facebook, Twitter, Slack, Line, Skype, and many more.

    To know more about us you can visit https://www.voxogenic.com

    Voxogenic | Amazon Alexa Skill Development Agency

    Don’t forget to give us your 👏 !


    Voice Assistant Use Case
    Banking, Finance and Insurance Industries
    was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.