What are Chatbots’ Use Cases?
A chatbot can understand user intent in natural language to assess the issue and give relevant product suggestions. For example, it can assess data given by a user looking for a home loan to provide them with ideal loan plans that match their requirements. Clearly, financial services and banks are no strangers to artificial intelligence. Multiple conversational AI use cases in banking have helped smoothen processes for many banking institutions. Whether it’s helping a customer view their transactions or apply for a credit card, AI chatbots are able to tackle many use cases single-handedly. But if the issue is serious, a chatbot can transfer the case to a human representative through human handover, so that they can quickly schedule an appointment.
As AI continues to improve and chatbots become more sophisticated, more businesses will adopt them. There are already 300,000 active Facebook Messenger chatbots, and messaging will only become a more critical customer engagement channel. Businesses need to add the channels that matter most to their customers. You also need to decide how you’ll manage the conversations that occur between your agents and chatbots.
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