Category: Chat

The Role of AI in the Transformation of the Insurance Industry — DATAVERSITY

The insurance industry has been traditionally conservative with technology advances and hesitant to adopt new technologies. However, times are changing, and artificial intelligence (AI) is gaining much attention from insurance companies, who are starting to realize the important role that AI can play in their operations.

AI in the insurance industry is poised to bring another wave of disruption and innovation to this $5.3 trillion global market.

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According to McKinsey & Company, there’ll be 1 trillion connected devices by 2025. This will help collect tons of data to enhance the power of AI in the insurance industry even further.

Competitors are taking every possible step to claim their digital market share by investing huge amounts in digital transformation. And one of the key points in this process is how to reduce costs and expenses.

Top 5 Use Cases of AI in the Insurance Industry

Let’s look at the capabilities of AI in the insurance industry.

1. Faster Claims Processing With NLP

Natural language processing (NLP) refers to algorithms that can understand human speech or text from written documents and convert them into plain language or other formats.

It’s essentially a form of machine learning that enables computers to understand human language without having to write programming instructions for each word or phrase.

The claims management process can be very costly, both in terms of time and money. Up to 50%-80% of premiums ‘ revenues can be eaten up by this process, which is largely paper-based and rarely digitized. That’s where NLP can save resources for insurance companies.

Many industries already use NLP:

However, the use cases of NLP and AI in the insurance industry are still evolving.

For example, as part of its Intelligent Production platform, Swiss Re is using NLP to automate some parts of:

• Claims management processes
• Customer communication
• Underwriting

2. Rapid Document Digitization with OCR

The first step to any data analytics project is collecting and organizing your data, which can be time-consuming and tedious for large organizations.

One way to automate this process is to use optical character recognition (OCR) software, which converts scanned images into text that can be easily searched by keyword or indexing software.

Image recognition is one area of AI in the insurance industry that can save a lot of money. In fact, it can drive up to 80% in cost savings for individual processes.

Some of the use cases for OCR include:

Here’s an example of how OCR works:

An insurer could use OCR to scan documents from claims files from multiple sources. The sources can be medical records from doctors’ offices, police reports from law enforcement agencies, or claims forms filed by clients.

Then, they input the text into a central database where it can be analyzed by machine learning algorithms and compared against other similar documents.

3. Insurance Fraud Detection and Prevention

Insurance fraud is a major industry problem, but AI can help companies detect fraudulent claims before they become a significant issue.

A recent study by the Federal Bureau of Investigation revealed that insurance fraud (non-health insurance) costs U.S. insurance companies close to $40 billion annually.

AI can analyze patterns in past data and determine whether something looks suspicious. AI-powered systems can analyze thousands of data points per second and detect anomalies more accurately than humans ever could alone.

Here’s how AI can help in insurance fraud detection and prevention:

4. Accelerated Claims Adjudication with Visual Image Recognition

AI can analyze images, which makes it a valuable tool for insurance companies. Insurance claims adjusters are often asked to evaluate photos of damaged property or vehicles to determine what needs to be repaired or replaced.

Insurance companies can use machine learning to exploit behavioral data, such as facial expressions or the tone of voice, at the moment of underwriting.

This is especially common in life insurance or health insurance, where it’s been estimated that over 40% of risk information can be gathered from behavior monitoring alone.

However, human error often leads to inaccurate estimates. AI-based claims management systems can quickly and effectively process:

This allows organizations to make more informed decisions about their claims processes and ultimately improve customer satisfaction.

5. Improving Customer Experience

By leveraging conversational AI, insurers can automate repetitive tasks such as answering questions about policy features or claims to improve their customer experience.

AI-driven chatbots can:

Insurance companies can also use technology such as predictive text analytics that uses machine learning algorithms. They can analyze past customer conversations or unstructured data like emails or social media posts.

Conclusion

Advancements in machine learning, deep learning, and AI are making their way into the insurance industry and changing how enterprise insurance software is built. This, in turn, will help to reduce defensibility among traditional enterprise insurers and increase competition.

There’s great potential to innovate with AI in the field of insurance. That’s because the proliferation of data makes it easier to predict fraud, mitigate risk exposure, provide more personalized policies, and settle claims more quickly.

Originally published at https://www.dataversity.net on September 15, 2022.

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The Role of AI in the Transformation of the Insurance Industry — DATAVERSITY was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

In this article, we will be sharing steps to building an iOS chatbot with Kompose. We will teach you everything you need to build a sample chatbot using Kompose for an iOS app.

Step by Step Guide to Building iOS Chatbot with Kommunicate

Step 1: Setup an account in Kommunicate

If you do not have an account in Kommunicate, you can create one for free.

Next, log in to your Kommunicate dashboard and navigate to the Bot Integration section. Locate the Kompose section and click on Integrate Bot.

If you want to build a bot from scratch, select a blank template and go to the Set up your bot section. Select the name of your bot, your bot’s Avatar, and your bot’s default language and click “Save and Proceed.”

You are now done creating your bot. Now comes the interesting part — training the bot for a query it does not understand. This is done by clicking the “Enable bot to human transfer” feature. Enable this feature and click “Finish Bot Setup.”

From the next page, you can choose if this bot will handle all the incoming conversations. Click on “Let this bot handle all the conversations,” and you are good to go.

Newly created bot here: Dashboard →Bot Integration → Manage Bots.

Step 2: Create welcome messages & answers for your chatbot

Go to the ‘Kompose — Bot Builder’ section and select the bot you created.

First, set the welcome message for your chatbot. The welcome message is the first message that the chatbot sends to the user who initiates a chat.

Click the “Welcome Message” section. In the “Enter Welcome message — Bot’s Message” box, provide the message your chatbot should be shown to the users when they open the chat, and then save the welcome intent.

After creating the welcome message, the next step is to feed answers/intents. These answers/intents can be the common questions about your product and service.

The answers section is where you’ve to add all the user’s messages and the chatbot responses.

Go to the “Answer” section, click +Add, then give an ‘Intent name.’

In the Configure user’s message section — you need to mention the phrases that you expect from the users that will trigger.

Configure the bot’s reply section — you need to mention the responses (Text or Rich messages) the chatbot will deliver to the users for the particular message. You can add any number of answers and follow-up responses for the chatbot.

Phase 2: Add the created chatbot to your IOS Project using Cocoapods

Step 1: Setup Cocoapods:

Since we are going to add the Kommunicate SDK using cocoapods, this step is necessary for it. If you already have cocoapods in your system, then you can skip the step. If not, follow the link & install cocoapods

https://guides.cocoapods.org/using/getting-started.html

Step 2: Create a iOS app :

You can create an app (my-app) from X code.

https://developer.apple.com/documentation/xcode/creating-an-xcode-project-for-an-app.

Now project will look like this:

Step 3 : Create Podfile :

Now Close the Xcode and navigate to the my-app folder in the terminal & create a new podfile by using the below command.

touch Podfile

After executing the command, a podfile will be added to your my-app folder.

Step 4: Install Kommunicate SDK to the app:

Now open that Podfile & add the below lines to the podfile

source ‘https://cdn.cocoapods.org/’

use_frameworks!
platform :ios, ‘12.0‘

target ‘my-app my-app’ do
pod ‘Kommunicate’ , ‘~> 6.6.0‘
end

After adding those lines, save it. Go to the my-app folder in the terminal & install the Kommuncate pod by using this command

pod install

Now you can see the Kommunicate SDK is being installed.

Congratulations!! You have successfully added Kommunicate SDK into your app.

Step 5: Add Kommunicate Code to the app:

Now open your project using the below command in the terminal.

open my-app.xcworkspace // replace project with your project name

Your project structure will be like this & you can also see the Kommunicate pod under the pods section.

Now go to the Appdelegate.swift file, and import Kommunicate first.

import Kommunicate

Add the below line inside the didFinishlaunchingWithOptions method.

Kommunicate.setup(applicationId: “18ae6ce9d4f469f95c9c095fb5b0bda44”) // replace your appid

You can get your app ID from Kommunicate Dashboard Install

Section(https://dashboard.kommunicate.io/settings/install)

Now your Appdelegate.swift file will look like this:

Next, we need to add a button which, when clicked, would open a conversation & a method to open Kommunicate when the user taps on the button.

Add these codes to create a button in your screen

let button = UIButton(frame: CGRect(x: 100,y: 100,width: 200,height: 60))
button.setTitle(“Launch Conversation”,for: .normal)
button.setTitleColor(.systemBlue,for: .normal)
button.addTarget(self,action: #selector(buttonAction),for: .touchUpInside)
self.view.addSubview(button)

Create a function for button action like this

@objc
func buttonAction() {
openConversation()
}

Next import Kommunicate using import Kommunicate and create a method for opening the conversation when tapped on the button.

func openConversation() {
let userId = Kommunicate.randomId()
let applicationId = “18ae6ce9d4f469f95c9c095fb5b0bda44”

let kmUser = KMUser()
kmUser.userId = userId
kmUser.applicationId = applicationId

Kommunicate.registerUser(kmUser, completion: {
response, error in

guard error == nil else {
return
}
print(“Login Success”)
Kommunicate.createAndShowConversation(from: self) { error in
if error == nil {
print(“Failed to launch the conversation”)
}
print(“Successfully launched the conversation”)
}
})
}

That’s it. You have successfully completed the setup.Now Launch the app & click the button.

You can see the Kommunicate Chat Widget.

Finally, the ViewController Class looks like this:

import UIKit
import Kommunicate

class ViewController: UIViewController {

override func viewDidLoad() {
super.viewDidLoad()

let button = UIButton(frame: CGRect(x: 100,y: 100,width: 200,height: 60))
button.setTitle(“Launch Conversation”,for: .normal)
button.setTitleColor(.systemBlue,for: .normal)
button.addTarget(self,action: #selector(buttonAction),for: .touchUpInside)
self.view.addSubview(button)
}

@objc
func buttonAction() {
openConversation()
}
func openConversation() {
let userId = Kommunicate.randomId()
let applicationId = “18ae6ce9d4f469f95c9c095fb5b0bda44”

let kmUser = KMUser()
kmUser.userId = userId
kmUser.applicationId = applicationId

Kommunicate.registerUser(kmUser, completion: {
response, error in

guard error == nil else {
return
}
print(“Login Success”)
Kommunicate.createAndShowConversation(from: self) { error in
if error == nil {
print(“Failed to launch the conversation”)
}
print(“Successfully launched the conversation”)
}
})
}
}

Originally Published at https://www.kommunicate.io/ on 6th July 2022

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How to add a Chatbot to iOS was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

How do collect and train data for speech projects? — TwinzTech Blog

Some refined tweaks can give you an enormous advantage over other players in the Escape from Tarkov game, which most gamers ignore. The steps are simple yet effective; moreover, if you ignore these features, it becomes a barrier in your path to consistent victory.

Some subtle moves brighten your winning perspective. Primarily you need to survive in a hostile environment; then, you will encounter a spectrum of game mechanisms; the following tips will help you to overcome those barriers.

1. Participate in quests

At the beginning of the voyage, you must participate in as many numbers of possible quests. It is a warm-up round. The more you face opponents, the more your self-reliance fortifies. The quests make you acquainted with varied weapons and teach you different combat styles.

After successful completion of quests, your weaponry, ammunition, and utilities increase significantly and give you a strategic advantage. As quests are crucial to stay alive, you can use some Tarkov hacks.

2. Play with bots

Before you step forward in a real war zone, you can play online and offline computer bots. As the bots are AI-driven, they follow a certain pattern and are more systematic than human players; the session gives you the necessary experience and skill before you play the real Escape from Tarkov.

You not only gain some essential experience but also hone your gaming skill. In this gaming session, you would not be able to open new levels and get additional weapons, but build up your skill and hence increase your scoring rate.

3. Read the map

If you learn the map thoroughly, it will save many potential pitfalls, and you will be able to seize many opportunities if you know the exact location of yourself. There are many passageways and escape routes that you can utilize for ambush and run away after the attack.

To make the map more readable, you can use another device to display it. Try to memorize the flanks and escape routes as it gives some precious moments that can be decisive between life and death.

4. Shield your health

Every player has inherited 435 health points, but in combat, you will incur health hazards as you give frightful time to enemies. Even if you are armed with state-of-the-art weapons, you need to shield your health. The severity of the injury is displayed in color schemes; grey implies you need medical health while showing the gravity of the health issue. The provided Medikit can take care of moderate wounds but opt for a CMS kit in case of severe injury.

5. Buy Insurance

In combat, you can lose any item, including your gear and ammo. Use ten thousand rubles to buy the insurance but covers only those items that have not been extracted. You can hide the insured items in a secret place but need to recover them within seventy-two hours once it is returned to your wallet.

Insurance can be insignificant if the gear and weapon are not premier because most players will ignore those regular items; you can use the money for a greater purpose.

6. Ammos

The ammo plays a pivotal part in the Escape from Tarkov game; it enhances the firepower and accuracy of the weapons considerably. But you need to have the knowledge of which ammo aligns with which gun. All ammo does not match with all weapons; you will find a guide that describes the specifications.

7. Security container

As the game unfolds and you inch up a higher level, the security container grows in size. You can conceal your weapons inside the container, safe from the probing eyes of enemies. It will keep the weapons safe from robbers. It will help to retrieve the items if you get eliminated at a particular level of the game.

8. Watch your move

In many PVP games, including Escape from Tarkov, the outcome is decided before a single bullet is fired. Learning to fire a fatal bullet and how to avoid one is the game changer for the title. Movement is paramount for staying alive; move with a purpose, and watch your every step; if you hear a subtle sound of breaking a twig, be on red alert.

Be silent. That camouflage your position; it could draw the enemies near to you and be seating ducks. If you are in the line of fire, do not panic; either shoot back or move away from the line of fire.

9. How and where

Do not thump while moving in a confined area or ignore footsteps sound while in the quest. This reveals your location, and veterans would be cheerful to be trigger happy. This does not imply you need to crawl silently all through the game; if you move at snail speed at an open location chance of getting killed is high.

Sound is not as crucial in highlands like woods and shorelines, but in congested places like interchanges or customs, you need to stride quietly and softly. You need to consider not only how you are moving but also where you are moving.

Originally published at https://www.twinztech.com on September 28, 2022.

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How do collect and train data for speech projects? — TwinzTech Blog was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

Artificial Intelligence should have safety measures to prevent harm to humans.

Artificial intelligence is a very smart instrument. It can create complex plans and outsmart humans in virtually every way imaginable. This has led many to be quite concerned about the rise of AI, but it may not be as scary as it seems. Here are some rules and laws that could help ensure that AI doesn’t endanger mankind.

Introduction

Artificial intelligence is a powerful tool that can make the world a better place. However, it also has the potential to cause great harm if left unchecked. This is why I believe that artificial intelligence should be governed by rules and laws.

Artificial Intelligence is an emerging field of research that uses computers to perform tasks usually associated with human intelligence, such as visual perception, speech recognition, decision-making and translation. Artificial intelligence systems are becoming increasingly capable at performing tasks that were once thought to require human intellect or creativity. These include: intelligent robots (robots able to perceive their surroundings and move), electronic assistants (computer programs which allow users to perform simple tasks without ever having to interact with them directly), prediction engines (systems which learn from historical data in order to make future predictions), expert systems (systems which use knowledge embodied in training examples) and natural language processing (a subset of artificial intelligence concerned with creating computer programs which can understand human language).

The important thing is to ensure that AI systems are safe enough from hackers or others who will try to misuse them for evil purposes or even just for personal gain. This can be done by making sure there are rules set in place so that any malicious acts done by AI will get punished by law enforcement agencies.

Artificial Intelligence Ethics

The idea of ethical use of artificial intelligence (AI) is not new. In fact, it was first proposed in 1968 by Joseph Weizenbaum, a computer scientist who wrote an influential paper on the topic. The paper was entitled “Computer Power and Human Responsibility,” and it argued that computers should be programmed to behave ethically.

In recent years, much has been written about the need for ethical use of AI. But what does this mean? How do we ensure that AI behaves in ways that are aligned with our values?

To answer these questions, I need to start with some basics. In order to ensure ethical behavior from AI systems we must first understand how they work as well as their strengths and weaknesses. To this end, we must also understand how humans think and behave in order to better design them so they can learn from us rather than from their own experiences.

Will A.I Be Involved With Future Crimes?

AI has been implemented in many areas of life but there is one area where it has not been as successful: criminal activities and law enforcement. There are several reasons why AI cannot be used effectively to fight crime and terrorism:

1. The rules of engagement are unclear: The rules of engagement for law enforcement agencies have not yet been established for AI agents. Therefore, these agents will be operating under an ambiguous framework which could lead to unpredictable outcomes or even cause harm to innocent people if the agent does not follow its programming correctly or accidentally causes damage to property or other people.
2. There is no clear objective for AI agents: Law enforcement agencies need an objective for their actions if they want them to carry out operations efficiently and effectively without causing collateral damage or harming innocent people.

How to prevent miss use of A.I in future

The use of artificial intelligence (A.I.) in the future will be beneficial for our lives but it is important to govern A.I in a way that it can be used safely and ethically.

We should make rules and laws to govern A.I because we cannot assume that everything will work out fine. We need to have rules and regulations for us to know what we should do or not do when it comes to the use of A.I in the future.

We need to make sure that everyone knows about these rules and regulations so they can follow them when they encounter an artificial intelligence that is not under human control, like in a game or something else like that where you have no control over what happens next, you can only assume what might happen by looking at what happened before or looking at some other experiences people have had with such computers before.

We have to be aware of our rights and obligations towards A.I, as well as their rights and obligations towards us. We should also have an open dialogue about what kind of rules and laws we want to make for A.I, so that we can make sure that the technology doesn’t get abused by humans in the future.

In order to prevent misuse of A.I by humans in future, we should first introduce a new law that will control the usage of AIs by humans in our country. This new law should also cover other countries around the world, so that we can agree on common standards for all countries who use AIs for their own purposes.

We could start by creating a committee where representatives from different sectors (government agencies, academia etc.) will discuss on how they want to regulate their usage of AIs in their respective fields or industries.

Takeaway

A.I is literally a device aimed at creating a better future for us, and if it’s not governed by laws then the bad can easily outweigh the good. We should work towards making sure it remains beneficial and does not harm the progress of humanity.

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A.I should be governed by rules and laws to ensure its safety. was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

We live in an era where artificial intelligence (AI) has taken over every aspect of our being. And customer experience (CX) is not alien to it.

As the world embraces new-age customer experiences (CX) with open hands, warranting the delivery of hyper-personalized customer engagement to a more informed, connected, and empowered customer, organizations are left to deal with several questions and dilemmas.

After all, endless customer conversations are happening online on various social channels — Facebook, Instagram, WhatsApp, Twitter — it’s challenging to cover every digital touchpoint and use the enormous amount of customer data it generates to fathom “what customers want.”

That’s where conversational commerce comes to the rescue. Powered by AI, conversational commerce solutions like chatbots, voice bots, and other digital assistants have enabled companies to render human-like customer interactions at scale. Conversational commerce apps on various social channels leverage the unending amount of customer data to analyze customer behavior, predict their needs to deliver proactive engagement, and provide more personalized support.

Let’s explore more.

Conversational Commerce In Various Social Channels — What Can It Do For Your Business?

“Human interaction matters now — 82% of U.S. and 74% of non-U.S. consumers want more of it in the future. Regardless, the technology supporting human interaction must be seamless and unobtrusive across channels,” stated PWC’s latest report, Experience is everything: Here’s how to get it right.

Conversational commerce solutions in the form of Facebook, Instagram, and WhatsApp chatbots are making this a reality.

Conversational chat commerce, powered by advanced technologies like machine learning, artificial intelligence, and natural language processing, is the latest paradigm in the customer experience world that draws in huge investments from the C-suite leaders. Chat and voice bots available on various social channels are now being used to solve a host of simple and complex customer queries 24X7, understand customer emotions, store information about purchase history, discover patterns in their behavior, and act accordingly to achieve maximum customer satisfaction.

Modern customers live online. They may be awake at two at night, browsing for new products or even reaching out to customer support. And they may do so from their desired social channel, be it Messenger, WhatsApp, or Instagram. Moreover, they may want to switch channels amidst an ongoing support case, i.e., change from WhatsApp to Facebook. Here conversational commerce solutions take charge. Not only do they provide instant, round-the-clock customer support, but e-commerce bots can retain the original context of the conversation to allow seamless switching without the customer being asked to start over.

So, what are the use cases of conversational commerce? How can chat and voice bots present on various social channels delight customers and build value at each stage of the sales funnel?

Let’s find out.

Curating A Personalized Sales Journey Through Conversational Commerce

Below, we present to you the use cases of conversational commerce on various social channels that can help organizations tailor sales journeys and win the life-long loyalty of their customers.

• Amplify reach to new customer segments by pushing alerts about new products, collecting customer preferences and behavior data, answering initial queries, and delivering personalized recommendations and tips.
• Acquire customers by curating creative marketing campaigns on the most popular social channels, assisting customers with website navigation, payment, checkout, and product use, and tailoring product suggestions according to purchase history and past behavior.
• Is this shirt available in a different color? When will I receive my package? Customers can get their queries addressed simply by approaching the brand’s chatbot on the social channel of their liking. In this way, not only customer support becomes more accessible, but brands also get hold of valuable information that can help personalize CX.
• As and when the customer’s desired product becomes available, e-commerce bots can push notifications and alerts through various social channels and provide a CTA to “Buy Now.” It can also suggest alternative and supplementary products as the case may demand.
• Collect customer feedback through Instagram and Facebook surveys on a test batch of a new product.
• Curate loyalty programs and send personalized discount and reward coupons to encourage customers to share product ratings and feedback and develop long-lasting relationships.

Take A Look At The Type Of Conversations A Bot Can Have With Your Customers.

A Sneak Peek Into A Few Conversational Commerce Solutions On Various Social Channels

At Acuvate, we help clients build and deploy bots on various social channels that consistently deliver exceptional CX with minimum friction or hassle with our enterprise bot-building platform called BotCore.

• BotCore is a Microsoft Preferred Co-Sell-ready solution that leverages Microsoft’s best AI, machine learning (ML), and natural language processing (NLP) technologies.
• Our conversational commerce solutions are deployable on popular social channels (WhatsApp, Facebook, Instagram, etc.) and support multiple languages, including German, French, Italian, English, etc.

Here Are A Few Examples Of How Brands Are Using Conversational Commerce In Various Social Channels To Engage, Inform, And Support Their Customers.

1. POND’s SAL chatbot for Facebook Messenger

An FB Messenger bot, also available on webchat in different countries, POND’s SAL can be accessed through Unilever’s flagship store on Shopee. Using technologies like AI and augmented reality (AR), SAL interacts three-dimensionally with customers to deliver personalized and more immersive shopping experiences.

When a user uploads a selfie, SAL works on identifying critical skincare concerns across four significant areas, namely, pimples, wrinkles, spots, and uneven skin tone.

The bot also sends relevant skincare articles and beauty tips to keep the users engaged.

Having completed the skin analysis, SAL then recommends suitable products from POND’s according to the customer’s skin condition.

2. pRANA’s chatbot for Facebook Messenger

Sustainable clothing company prAna’s chatbot for Facebook Messenger uses a casual, friendly tone to help customers shop online or get the information they need.

The bot helps shoppers navigate through the online store by asking them to choose between options like “Shop Women’s, “Shop Men’s, or “Shop Best Sellers.” Moreover, the bot’s intuitive conversational AI interface gives the option to type a message or easily navigate to the previous menu.

3. BMW’s “Follow Now” chatbot on WhatsApp

To combat the massive inflow of service requests when summers and winters are approaching, BMW launched its “Follow Now” chatbot on WhatsApp to help customers book an appointment from the convenience of their home from an app they use every day.

The bot offers real-time updates on the service status of their car and intimates them when their cars are ready for pickup. Moreover, service assistants can intervene and answer certain queries if the bot isn’t able to answer those.

4. Clear’s Cera chatbot for Facebook Messenger

Clear is Unilever’s leading anti-dandruff shampoo brand. The company’s chatbot Cera, available for the Indonesian market on Facebook Messenger, acts as your go-to hair care assistant offering personalized hair diagnosis, advice, and product recommendations for dandruff, dry hair, oily hair, etc.

The bot proactively sends relevant articles to the users after analyzing their behavior, preferences, and needs and delivers answers to a range of frequently asked questions related to hair care.

5. Roma by Rochi’s chatbot for Instagram

Roma by Rochi is a popular fashion brand in Argentina that revolves around encouraging women to embrace their sense of style.

Though quite popular on Instagram from likes, comments, and story mentions, recently, the brand launched a digital assistant on the social media platform to assist with a “tag and like” giveaway.

Post the deployment of the bot; the brand experienced an astounding 82% increase in reach in one week and a whopping 741% rise in engagement.

The brand also has a Facebook Messenger bot, which they use to answer queries, upsell products, and notify customers when sales begin.

We, at Acuvate, can help clients across industries build engaging conversational commerce experiences in various social channels using our enterprise bot-building platform called BotCore. To know more, please feel free to schedule a personalized consultation with our AI experts.

Conversational Commerce in various social channels | Acuvate (botcore.ai)

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Conversational Commerce in various Social Channels was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

5 Ways Banking Virtual Assistants Enhance Your Banking Experience — Programming Insider

Banking isn’t what it used to be. Most of us need fast, efficient, flawless banking services that are hassle-free and, most importantly, reliable. It only makes sense to shift to digital banking channels that can provide these things. As it turns out, artificial intelligence (AI) and machine learning (ML) powered virtual assistants can do precisely that.

Are virtual assistants in banking the solution to outdated, cumbersome branches and lengthy wait times? More and more banks are turning to chatbots and virtual assistants for customer service.

Artificial intelligence is becoming more ingrained in day-to-day life. A recent Ipsos-Forbes Advisor survey found that an overwhelming majority of Americans — 76% — used their bank’s mobile app to conduct everyday banking tasks last year

This blog will look at how a virtual assistant can help you with your banking.

How Virtual Assistants Shape The Banking Industry?

1. Everyday Inquiries

A banking virtual assistant can help you with everyday inquiries. Since they are available 24/7, they can assist you when an issue arises after-hours or even on weekends.

With the right training data, bank virtual assistants can be taught to answer customer queries quickly and precisely, providing faster resolutions.

For example: For example, one bank’s virtual assistant service helps customers find out if their account needs attention by answering questions like “How much money did I spend last week?” Or, “What have my recent purchases been?”

Virtual assistants can make banking easier by handling:

• Inquiries about account balances, deposits, withdrawals, and transfers;
• Inquiry about account details (such as interest rates);
• Inquiry about applying for loans;
• Inquiry about transferring funds between accounts; and
• Inquiry about bill payments.2.

2. Save Time on Typing

Typing is one of the most time-consuming parts of any job-especially when it comes to banking. A voice assistant can help you get everything out of the system quickly by typing all of your documents for you.

You can fill out forms or enter information without the use of text feature with a simple conversational AI command or tap-and-go gesture. That means less time spent on repetitive tasks.

For example, the Bank of America mobile app has Erica, a virtual assistant, as part of its digital banking experience. It helps customers save time with activated voice commands by automatically performing repetitive tasks such as entering account numbers or routing numbers into forms. The goal is for Erica to make customers’ lives easier by removing tedious and manual tasks from their day.

3. Make Simple Transactions

Banking VAs are great at processing simple transactions for you. You can easily ask them to transfer money between accounts or pay bills on autopilot.

VAs will send you reminders when you need to make a payment and handle all the details for you, so all you have to do is confirm the transaction and wait for it to complete.

Here are some examples of simple transactions:

4. Notifications about Unusual Activity

Your bank should monitor your accounts for unusual activity to alert you if anything looks suspicious or out of place.

However, these alerts can often be buried deep within lengthy emails or notifications that don’t always reach their intended recipients in time to take action before any damage is done.

Banking virtual assistants can help you keep track of your accounts and detect suspicious activity before it becomes serious enough for you to notice on your own.

For example, if someone tries to make an unauthorized withdrawal from your account, you’ll want to know immediately to take action before any damage is done. Capital One’s virtual assistant, Eno, can keep track of all of this activity for you and let you know if anything seems out of place or suspicious.

5. Get Advanced Insights

Banking VAs can help you find the best bank account by providing advanced insights into your banking and financial situation.

You’ll get an idea of how much money you spend on certain types of transactions and what rewards program would work best for your lifestyle.

Here are some examples of advanced insights that Bank of America’s VA, Erica, can provide:

• Track your monthly income and expenses
• Changes in your FICO score
• How much money do you spend on groceries, dining out, or other common monthly purchases?
• Recurring spending trends
• Your account balance trends

Conclusion

As a result of technological growth, financial institutions seem capable of striking the right balance between making banking more convenient and increasing customer loyalty by providing virtual assistants.

As is often the case with new technology, this is still in its early stages. If you research and vet your options properly, you can get an effective assistant to improve your banking experience.

Author Bio

Vatsal Ghiya is a serial entrepreneur with more than 20 years of experience in healthcare AI software and services. He is the CEO and co-founder of .com, which enables the on-demand scaling of our platform, processes, and people for companies with the most demanding machine learning and artificial intelligence initiatives.

Linkedin: https://www.linkedin.com/in/vatsal-ghiya-4191855/

Originally published at https://programminginsider.com on September 23, 2022.

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5 Ways Banking Virtual Assistants Enhance Your Banking Experience — Programming Insider was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

When a Conversational AI solution is implemented, one early decision that needs to be made is the level of personalization that is required to create an exceptional customer experience. Our experience shows that the bots that are able to do more and are able to handle the more complex scenarios have access to more detailed information about the user. The more effective the experience, the higher the satisfaction of the user, and the more likely that user is to re-engage the Conversational AI solution again when they want to perform an action.

Customer Experience: To Personalize or Not Personalize

Depending on the use cases, there are many reasons to go down the personalization path for your Conversational AI solution, but also some use cases where you don’t need it for your experience to start, or ever.

Organizations who are beginning to experiment and understand the value of Conversational AI may choose to not implement a personalized customer experience right away, and that’s perfectly understandable. You need information in order to understand how your users are engaging with you. Approaching your Conversational AI investment in a traditional product model of starting with a Minimum Viable Product (MVP) and starting to capture feedback will help to understand the priority for other conversational flows that can be implemented.

For businesses that are focused on responding to FAQs, implementing personalization within the customer experience may not be a priority, and again, that’s OK. For many, the ability to provide clear information to all users with the same messaging may not need the additional activities to support a personalized customer experience. This may mitigate some of the noise to your live agent center, chat or voice, by answering some of the more common questions that don’t require the solution to know who you are — what are your hours of operation, what is your return policy, etc. Information that is fairly static and will be the same, regardless of who the user is.

Also read: Call Center Automation using AI-Powered Chatbot.

As soon as you want to provide the ability for users to self-service, you need to consider personalization as part of the customer engagement. The ability to understand who the user is, what their interests are, and what they have done in the past means that your chatbot or voice bot can be a true conversational AI assistant to the user and help them perform some action, rather than just answer some questions. Thinking of these use cases and implementing them should be done as part of outlining the user journey, so that the right level of personalization is planned. The value of the Conversational AI bot goes up immensely, and can significantly reduce the impact of effort for your live agent team, but even more importantly it can now provide a 24/7 service to your users that may not have been possible before.

Essentially, a non-personalized Conversational AI solution will let users learn and answer questions, but the ability to do anything meaningful is limited. Creating the ability to personalize the solution allows the user to perform activities on their own, at their convenience, whenever they want.

Understand the Benefits of Personalization with these Examples of Personalized Chatbot Use Cases

The Value of Integration

When we discuss personalization around the customer experience, we have a strong focus on the data. The data drives the information, and then a strong conversation design makes the information valuable in the context of the chat. With the design and user journey planning, you understand what information is needed in order to bring value. But now you need to get that information from somewhere.

Featured resources: Free guide to Conversation Design and How to Approach It.

Integration to the data stores where the personalized information resides is vitally important if you want to create a successful Conversational AI customer engagement. The ability to extract the right information and use it in the right way means that you’ll create a collection of services for your users that allow them to do something meaningful, such as:

• Renewing an insurance policy will require looking up your current coverage details and then understanding the comparable rates for the next term;
• Purchasing a new phone and using previous purchases and experiences to showcase the most likely device for you; and,
• Paying a bill online through a conversational solution.

These are just a few examples, but they are meaningful ones that most people can resonate with. Anything that allows the user to self-service without the need to engage someone, and do it at a time and place of their own convenience, brings immense value to the customer experience.

Check out this Case Study showcasing how a chatbot provides 3x higher conversion rate than a website alone.

In many cases, this data may be borne out of multiple systems and so multiple integrations of Conversational AI are required. It’s rare you will have the customer information, generally driven out of a CRM system of some making, and the product information residing within the same system, but not impossible. But you need to understand where the source of the data you need for these flows originates from, and you need to ensure that you have access to that information in order to serve up the data in an effective manner.

As we talk about personalization in the area of customer experience, there is one key piece that needs to be in place, and is another integration of sorts.

The Need for Authentication

When we do personalization, we need to know who we are personalizing the information for. You may want someone to have the ability to pay off your bills, for example as part of Use Case of Conversational AI for Finance, but you don’t want them having access to your transaction history or your balances. And as such we need to make sure the user is who they say they are.

Authentication is vitally important to ensure that we are delivering the right information at the right time and to the right person. If you’re historically an Android phone user, we probably shouldn’t be promoting iPhone services to you as you are less likely to purchase one of those. But if we are talking finances, we need to make sure that the user is the right person, either through direct or inferred user validation techniques.

Conversational AI Use Cases — Guide for Financial Institutions with Examples

Authentication provides a level of personalization, but also the feeling of security when engaging with the bot. As a best practice, the Conversational AI bot only accesses the information it needs for the task at hand, and nothing more. It’s coordinated through official services that the business offers, and any transactions (such as transferring funds) are requested by the bot but performed through existing services, ensuring that the proper checks and balances are in place to monitor and log the transaction, and ensuring that the request originated from an authorized user.

Final Thoughts

Personalization in the area of customer experience requires some work to implement, but it doesn’t have to be a lot of work. You need to understand what information you require, where that data resides, and then determine how you can access it and what transactions (if any) are available for use. But creating a way for the user to actually do something and stay in the context gives them more freedom — when they want to do it, and how they want to do it. This customized customer experience leads to more customer engagement and service satisfaction, which can lead to users wanting to do more, and businesses then discovering additional use cases for business process automation, which can help with cost management of call centers and live agents, who can then be reserved for those complex and custom scenarios that need the human touch.

Want to learn more about how your Conversational AI can be enhanced with personalization?

Let’s Connect!

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Personalization and Authentication around Customer Experience using Conversational AI was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

Artificial Intelligence (AI) is the theory and creation of computer systems that can carry out tasks that would typically need human intellect, like speech recognition, language translation, and visual perception.

Bot Libre, through its open source platform develops chatbot and artificial intelligence solutions that are ready to use in the metaverse. These solutions are central to the success of businesses and even the world, as they drive efficiency, enhance user experience, provide detailed analysis and solve problems.

While the overarching goal of AI is to solve problems and make life easier, the way this is accomplished is distinct depending on whether the AI is strictly automated or is autonomous.

Automated AI

Automated systems often operate within a clearly defined set of constraints and have a relatively limited range of tasks that they can complete. Automated systems use predetermined heuristics to inform their judgments and actions. For example autopilot, cruise control and yes, Bot Libre chatbots, are all results of clever automation. When you deploy a Bot Libre chatbot to web, mobile app or social media, you can program it to respond to any of your customer’s questions, from a variety of topics and using diverse personalities.

Autonomous AI

On the other hand, autonomous systems can learn from dynamic situations, adapt to them, and evolve as their surroundings change without the need for human involvement. The data it picks up and adapts to might not be what the system’s designers had in mind when they implemented it. These systems will process and learn from growing data sets more quickly and eventually more consistently. The goal for developers is to make technology as intelligent as possible. Building autonomous systems will be part of that process.

Bot Libre’s Hybrid Model

Bot Libre chatbots learn on new data as they are trained with new responses, and some of our features and scripts use learned data to change behavior, even dynamically at runtime. Bot Libre also has 2 parts, the chatbot engine, and the deep learning engine. The two can be combined for a hybrid solution.

Our Metaverse support is also a hybrid. For our navigation functions we have several modes, some are automated, some are more autonomous. The automated ones use compiled scenes and are faster and more accurate. The autonomous ones are more generic and work in any scene or augmented reality.

It is important to know that automated and autonomous AI are on a spectrum, as systems that were automated at first with a clearly defined set of inputs and outputs, may need to evolve over time as their usage and the environment in which they function do. As a result, one may add certain autonomous capabilities to an automated system, increasing both the system’s lifespan and its range of usage.

Benefits

Automated AI

• Increased speed, efficiency, time-savings
• Ability to scale using AI the insights, flexibility, and processing power
• Able to augment businesses’ capabilities, while off-loading repetitive tasks to the machine

Autonomous AI

• Avoid risks and errors
• Instant interconnectivity by speeding up communications and the passing of information
• Increased productivity through clearly detecting areas of opportunity for each business, and anticipating future events.

So which do you choose?

Experts share that it all depends on the problems you are trying to solve. How do you want to engage with your clients? Automated AI is a thriving market and with Bot Libre open source platform you can build automated chatbots, with little to no programming.

Meanwhile, Autonomous AI serves as a link between the state of technology today and where it will be in the future. If your company is considering implementing autonomous AI, Forbes Technology Council contends that you should “begin by hiring skilled resources with strong expertise in artificial intelligence, machine learning and neural networks, a branch of cognitive computing. These experts can develop systems for much more proactive IT monitoring, problem detection and resolution.”

You can get access to a team of AI , chatbot and metaverse experts by joining the Bot libre Beta Program, where there is a community of software experts at your disposal. Collaborate and legally own what you create. To apply: send an email to sales@botlibre.com

Learned something? Please give us a

to say thanks and to help others find this article.

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Artificial Intelligence: Automation Vs Autonomy was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

A step-by-step guide to build your first AI Chatbot

IBM Watson is a powerful platform where software developers and non-technical users can co-create AI solutions. Its easy-to-use interface allows you to quickly create an AI model, from simple chatbots to complex enterprise solutions.

In this article, we will explore how to create, train and integrate your first Cognitive Virtual Assistant.

Step 1: Information Architecture

The Information Architecture defines a collection of all the sections to be included in your assistant, placed in a hierarchical order.

The following example shows all the sections for providing useful information about a city regarding shops, landmarks, museums, etc.

Step 2: Creating the Assistant

An assistant is a cognitive bot to which you add skills enabling it to interact with end users. To create a new assistant, you need to log into the IBM Cloud platform first — https://cloud.ibm.com.

1. Once logged in, go to the catalog and search for “Watson Assistant”.

2. Set up the assistant with the following attributes:

• Region: “Dallas”.
• Pricing Plan: “Lite”.
• Service Name: This is the name of the Watson Assistant service being created.
• Resource group: Only those who have access to this Resource Group will have access to the Watson Assistant service. For the moment, leave it as “Default”.

Accept the terms and conditions and click on “Create”.

3. Once the assistant is created, click on “Launch Watson Assistant” to access the Modeling Tool.

4. Click on “Create assistant” and name it.

Click on “Create assistant”.

Step 3: Creating a Dialog Skill

A dialog skill uses Watson NLP — Natural Language Processing — and machine learning technologies to understand user questions and requests, and respond accordingly.

1. Click on “Add dialog skill.”

2. Select “Create skill” and set up the skill with the following attributes:

• Name: In case of having more than one skill, enter meaningful names in order to establish a clear differentiation between them.
• Language: Set the language that the assistant is going to support.

Click on “Create skill”.

Step 4: Adding Intents and Entities

In this step, you will add training data built by IBM and your own training data to the skill.

Content from Content Catalog

First, add the General content catalog so the assistant can greet users and end conversations.

1. Open the Dialog by clicking on it.

2. Click on “Content Catalog” from the side menu. Go to General and select “Add content +”.

Intents

An intent is a collection of user statements based on intentions and examples of what the user might say.

1. Select “Intents” from the side menu and click on “Create intent”.

2. Go back to the Information Architecture from Step 1 and create an intent for each section.

Name the intent and click on “Create intent”.

3. Once your intent is created, add at least five examples of what the user might ask.

Keep adding new intents and examples until you have them all created, and don’t forget to include the #menu intent.

Entities

Entities represent information from the user input that is relevant to the user’s goal.

In this example, we are not creating entities, but using system entities instead. A system entity is a synonym that is prebuilt for you by IBM. They cover commonly used categories, such as numbers, dates, and times.

Select “Entities” from the side menu and click on “System Entities”. Enable @sys-number entities as shown in the example below.

Step 5: Dialog Flow

A dialog flow defines all the possible ramifications of the conversation in the form of a logic tree. The dialog matches intents (what users say) to responses (what the assistant replies).

The “Welcome” and “Anything else” nodes

The following two dialog nodes are created automatically:

• Welcome: It contains a greeting that is displayed to your users when they first engage with the assistant.
• Anything else: It contains phrases that are used to reply to users when their input is not recognized.

1. To edit these nodes, select “Dialog” from the side menu.

2. Click on the “Welcome” node, and add your greeting message in the response section.

3. Click on the “Anything else” node, and add your response variations for those questions that the bot cannot answer.

Adding Nodes

Let’s add a new node containing the menu.

1. Click on “Add node”.

2. Name the node as “Menu”. In the “If assistant recognizes” section, add the #menu intent. Finally, add the text for the menu in the response section based on your Information Architecture.

3. Now, let’s try out what we have built so far.

Click on “Try it” to open the pane. You should see your welcoming message.

Ask your Virtual Assistant for the menu as shown in the animation below.

Great! The assistant recognized the intent and replied with the menu.

Child Nodes

Let’s add a child node inside the Menu based on the Information Architecture’s hierarchy.

1. Select the Menu node and click on “Add child node”.

2. Name the node. Add the intent in the “recognize” section and, using the logical operator “or”, add the entity representing the same intent (in this example, we set @sys-number:1). Then, add the text in the response section.

3. Add a new child node inside the child node.

4. Name the node. Add the intent and the entity representing the same intent with the logical operator “or”. Then, add the text in the response section.

5. Let’s try it out.

First, click on “Clear” to reset the conversation. Then, ask the assistant for the menu and navigate using option numbers as shown in the animation below.

Awesome! The assistant recognized the entities, and now we can go through the different menus.

Jumping between Nodes

An important aspect about cognitive bots is their ability to recognize user requests and interpret the natural language used by us (humans). Thus, users should be able to directly ask what they want, and the dialog should “jump” to the node containing the response.

1. Go to the menu node and click on “Customize”.

2. Turn on the option “Multiple conditioned responses”.

Click on “Apply”

3. To respond with the menu, use the #menu intent.

4. Click on “Add response +” and add the intent to jump to the corresponding node.

5. Click on the gear icon between the response and the delete icon. Go to the end of the customization pane, and in the “Then assistant should” section, select “Jump to”.

6. Select the node you want to jump to, and select “Respond”.

Click on “Save”.

7. Finally, in the menu node, add the intent with the logical operator “or” in the “recognize” section.

8. Let’s try it out.

Wow! The assistant recognized the question and was able to respond accordingly.

Step 6: Training

The more you use your assistant and the more examples you teach it, the better its AI model will get at answering those questions it does not know yet.

You can use the “Try it out” pane not only for testing purposes, but also as a training tool. Simply ask those questions that the user might ask that were not added in the intent, and change the “Irrelevant” tag to the desired intent as shown below.

Step 7: Integration

For the integration, IBM provides a REST API. The Assistant v2 API provides methods your client application can use to send user input to the assistant and receive a response.

1. Go to the Assistants section, select your assistant and go to Settings.

2. Here, you will see the API details to use the REST API.

3. Access the API documentation here and replace {apikey}, {url} and {assistant_id} with the information from the API details.

Thanks for reading. I hope this was helpful!

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How to Create a Cognitive Virtual Assistant with IBM Watson was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.

How Artificial Intelligence Affects Your Business

Introduction

Artificial intelligence is slowly permeating into every industry as technology moves forward. However, as it becomes more popular, companies are starting to get concerned about the future. Innovation — and productivity — aren’t what they used to be in today’s world. You see, your employees will no longer be able to focus on their single task, because computers do this for you all day long. You might already know about A.I., or other forms of machine learning, but now is a good time to sit back and think about what innovations could change your business in the near future.

A.I Everywhere

Artificial intelligence (A.I.) is a broad area of computer science that deals with the creation of computer systems able to perform tasks, activities and decisions that normally require human intelligence. These tasks are usually carried out through the use of data and logic, but they can also be carried out by a human interacting with a machine. In this article, we’ll look at the top 10 reasons why every company needs A.I.

AI is no longer just about voice assistants or chatbots. AI has become an essential part of our lives, from self-driving cars to smart homes, and it’s only going to get more pervasive in the future. Here are 9 reasons why every company needs artificial intelligence:

1. Quick and efficient decision making for companies
2. A.I will augment human intelligence
3. A.I Improved productivity
4. Enhanced customer experience
5. Addresses the issue of fake news and information
6. Enhance service delivery and improve network performance
7. Improved Security
8. Machine learning used in fraud detection and risk management in financial institutions
9. Bots can improve customer support services in companies by enabling users interact with machines through voice, phone, etc.

Quick and efficient decision making

A.I. will help businesses make decisions faster and more accurately. The technology can be used in industries like manufacturing, logistics and financial services where data is important to the business. The A.I.-powered robots at Amazon’s warehouses are able to scan packages quickly, saving human workers from having to do so manually.

A.I will augment human intelligence

The ability to make decisions, learn from data and improve based on feedback is one of the biggest promises of AI. The more data companies have about their customers, the better they can target them with relevant offers. Artificial intelligence will also help companies predict customer behavior and deliver more personalized marketing campaigns.

A.I improves productivity.

Artificial intelligence is a computer program that can perform tasks that a human would be able to do. It uses algorithms and data analysis to make decisions, which can improve your company’s productivity.

AI can help companies with complex decision-making processes by automating some of these processes. For example, an AI-powered chatbot could be used to answer customer service questions or provide information on products or services.

Enhanced customer experience

Artificial intelligence can enhance customer experience. A.I. can help companies improve the way they communicate with customers, simplify the experience and make it intuitive.

For example, it’s not uncommon for a company to send out an email newsletter that contains a link to a product page on the website. Customers who click on the link can expect to be taken to a new page where they can purchase the product or receive more information about it if they select that option. But what if A.I. could automatically find, categorize and organize all of this information?

This could eliminate much of the work that is currently done by marketers, making their jobs simpler and more efficient. And it would eliminate any confusion for customers who may not understand why they’re seeing certain things or being directed to certain pages in relation to one another (or even why they’re receiving an email at all).

Fake news and information

Fake news and information have been part of politics in different parts of the world for a long time, but recently they have become more prevalent in the United States and other parts of Europe and Asia as well. One way A.I. would help address this problem is by allowing companies to identify fake news stories or information on their own websites before they publish it to their readership base or customers.

Companies will also be able to identify fake followers on social media accounts so that they can verify that these accounts are fake and not actually real people who are following them on social media sites like Facebook or Twitter.

Enhance service delivery

One of the major benefits that AI can provide to the network is its ability to analyze traffic patterns.

It can also be used in network management to monitor and optimize network performance, as well as enhance service delivery by improving the quality of customer experience.

Improved Security

The threat of cyber security is an ever-present concern for all companies. The most common type of attack is a DDoS attack, which can be prevented by using AI to block the attacks before they happen.

AI has been used to create algorithms that detect malware and other types of cyber attacks. These types of attacks are becoming more and more sophisticated, so AI will be necessary to combat them.

The use of AI in cyber security has been increasing over the years. The use of AI in this field has been increasing rapidly because it can help detect fraudulent transactions, track down cyber criminals, and more.

Risk management in financial institutions

Machine learning is used in fraud detection and risk management in financial institutions. It helps to detect patterns and anomalies that can be used to identify potential frauds. Machine learning tools are also used for risk assessment and credit scoring, which helps the banks know their customers better. This is because they have a large volume of data that can be analyzed by machine learning algorithms.

Improved Customer Support Services

Artificial intelligence (AI) bots are the next evolution in customer service. They can improve the efficiency of customer support services by enabling users interact with machines through voice, phone, etc.

The bots can be used for virtual assistants like Siri, Alexa and Cortana; chatbots that can be used for self-service tasks; and bots that can provide information to customers about products or services.

For example, if you’re looking to buy a new car but don’t have enough time to research it online, you could use a bot to help you narrow down your options. You could then schedule a meeting with the dealer who’s got what you need — say, a hybrid SUV — and ask questions about its features and pricing options.

Takeaway

Artificial intelligence (AI) is among the most promising technologies of our time. It’s capable of disrupting market landscapes and transforming business models around the world. AI is increasingly prominent across sectors (ranging from automobiles and healthcare to finance and retail) and its potential to bring value to businesses is significant. It’s not hard to see why AI is stirring up so much excitement. Enterprises everywhere are beginning to consider how AI can help them become more innovative, operate more efficiently, and scale their operations.

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Top 9 Reasons Why Every Company Needs A.I was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.