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8 most important benefits of chatbots

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8 most important benefits of chatbots

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Probably you have heard about some cases where chatbots failed miserably in delivering any actual business benefit. Our experience cooperating with the biggest companies in the world like Elisa, Veon, and Swedbank has taught us some interesting aspects we are about to share in this presentation 

Originally published at https://mindtitan.com/resources/guides/chatbot/benefits-of-chatbots/

Probably you have heard about some cases where chatbots failed miserably in delivering any actual business benefit. Our experience cooperating with the biggest companies in the world like Elisa, Veon, and Swedbank has taught us some interesting aspects we are about to share in this presentation 

Originally published at https://mindtitan.com/resources/guides/chatbot/benefits-of-chatbots/

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8 most important benefits of chatbots

  1. 1. 8 most important benefits of chatbots By Konstantin Sadekov
  2. 2. www.mindtitan.com 1. Is available 24/7 AI Chatbots can resolve customers’ inquiries with a high first contact resolution rate without any human assistance. More advanced chatbots can be even integrated with the contact center for call automation.
  3. 3. www.mindtitan.com 2. Creates personalized experience Intelligent chatbots have the feature to integrate with the backend systems through an API connection.
  4. 4. www.mindtitan.com It makes customers’ experiences more personalized as the bot can instantly analyze relevant background information. It will solve issues based on personal data.
  5. 5. www.mindtitan.com 3. Detects sales opportunities There are various ways how a chatbot can leverage sales revenue. Some enhanced AI chatbots are able to detect sales opportunities and forward these to the appropriate agent or department.
  6. 6. www.mindtitan.com Titan AI Chatbot software implemented at one of our customers from the telecommunication industry detects additionally around 5% of contacts with sales potential, 50% of which turn into paid customers.
  7. 7. www.mindtitan.com 4. Cuts down costs An intelligent chatbot can automate around 60% of all the customer contacts, out of which it can fully resolve around half. Depending on the case, the resolution rate can be increased up to 70%.
  8. 8. www.mindtitan.com 5. Improves onboarding of new customer service agents Some enhanced chatbots have a possibility to forward specific clusters of questions to certain employees. This does not only increase the speed of staff onboarding, but also the quality of the answer.
  9. 9. www.mindtitan.com 6. Turns your CapEx into OpEx Nowadays, many companies switch from traditional hardware and software ownership to using SaaS business models. This helps to optimize capital expenditures (CapEx) and increase the amount of free cash flow that can be reinvested into other parts of the business.
  10. 10. www.mindtitan.com Chatbot software technologies allow scaling the business fast in case you have a sudden increase in contacts. You can turn your CapEx into OpEx, as you will pay only for the contacts handled.
  11. 11. www.mindtitan.com 7. Standardizes the solutions and creates a knowledge base A chatbot allows standardizing the knowledge base across all customer service. This almost fully eliminates the human error factor and guarantees meeting the expected SLA.
  12. 12. www.mindtitan.com Titan AI Chatbot software uses a unique process of solution flow creation, which allows to instantly make any changes in the dialogues in case of some product updates.
  13. 13. www.mindtitan.com 8. Give customer service cases an owner who is responsible for results With chats, it’s easier for the final responsible person to review how the issue is handled and suggest or make improvements. This helps to standardize the process and ensure that provided information is up to date.
  14. 14. www.mindtitan.com 8 most important chatbot benefits 1. Is available 24/7 2. Creates personalized experience 3. Detects sales opportunities 4. Cuts down costs 5. Improves onboarding of new customer service agents 6. Turns your CapEx into OpEx 7. Standardizes the solutions and creates a knowledge base 8. Give customer service cases an owner who is responsible for results
  15. 15. Let’s make your organization AI-driven! team@mindtitan.com +372 5668 8239

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