virtual assistant Archives - BotCore

Top 5 Ways Intelligent Virtual Assistants Augment Customer Contact Centers in Europe

Roopesh Poojala — Mon, 12 Sep 2022 06:39:25 +0000

Top 5 Ways Intelligent Virtual Assistants Augment Customer Contact Centers in Europe

In today’s fast-paced, digital-first world, customer needs and expectations continue to rise, raising the demand for customer contact centers all over the globe.

In Europe, particularly, the change in customer demographics and the growing popularity of e-commerce has led to increasing pressure on contact centers for customer support. Here, companies, small, medium, and large, believe in focusing on their core operations; hence, Europe is one of the biggest markets that is outsourcing contact center operations.

The call center outsourcing market share in Europe is expected to increase by USD 3.73 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.53%. The retail, IT, and telecom sectors will be the most significant drivers of contact center outsourcing in Europe from 2022-2024.

High agent volume and the need for diversity, scalability, and multilingual capabilities are the most significant reasons why most European enterprises are turning to automation and AI to scale their contact center operations.

That’s where intelligent virtual assistants, including chat and voice bots, come into the picture. Virtual assistants, also known as virtual agents, use intelligent conversational interfaces powered by AI, machine learning, and natural language processing technologies to understand and respond to customer inquiries in a human-like manner.

Let’s know the five ways virtual assistants are well-placed to support European contact centers.

Five Ways Customer Support Chatbots Augment Contact Centers in Europe

1. Deliver exceptional customer support across geographies and time zones.

European companies prefer to focus on their core revenue-generating activities and prefer to outsource their contact center operations. However, they mostly outsource to nearby regions and time zones to account for language and cultural similarities.

This strategy suffers from a major drawback. Rapidly changing customer demographics have necessitated quick, 24X7 customer support. Thus, organizations may want to set up contact centers in distant countries to cover customer support beyond their usual business hours, demanding additional resources in terms of staffing and equipment.

AI-powered customer support chatbots transcend locational boundaries, especially in a continent like Europe that has multiple time zones, and provide instant answers to all customer queries at all times.

2. Make omnichannel chatbots the new gold standard in customer support in Europe.

Customers in different parts of Europe prefer different ways and channels of contacting contact center support. For example, the Netherlands has the highest number of non-telephone channel users, with email and web chat being the most popular.

On the flip side, people in Norway, Denmark, and Sweden prefer social media and web chat over email. The bottom line is that people prefer to communicate with brands on the channel of their choice and may even want to switch channels in the middle of an ongoing support case.

That’s where omnichannel chatbots play a crucial role. Virtual assistants can offer omnichannel experiences so customers can experience consistent and personalized brand engagement on their preferred channels. Moreover, customers can seamlessly transition from one channel to another without losing the context of the original conversation.

3. Address inquiries and grievances in customers’ native tongue in the land of many languages.

In a continent like Europe, where people speak multiple languages, it is challenging to personalize customer support for the entire customer base. After all, customers prefer being engaged in their native language. Moreover, it makes them feel comfortable, valued and heard.

Hiring contact center agents who speak multiple languages or training existing ones to speak in different tongues is costly in terms of time and money. That’s where virtual assistants play a crucial role.

AI virtual assistants support contact centers by detecting the user’s language and switching the conversation flow to the native tongue. What’s more, the customer support chatbot can remember the customer’s language preferences and then reach out to them in the same language in case of a proactive outbound engagement.

4. Providing scalable self-service options and data-enriched proactive engagement.

In recent times, Europe has seen steady growth in using self-service solutions like websites, social networking channels (Facebook Messenger, Instagram, Telegram, whatsapp etc.), and IVR. These are easily accessible and take a considerable load off contact centers. To work productively and provide seamless, more meaningful customer engagement, organizations in Europe are embedding customer support bots on these channels.

70% of contact center agents say there are fewer calls when chatbots are available. Customer support bots and virtual assistants can shorten waiting times and collect relevant customer data before the call is passed on to the human agent. In cases where the requests are simple and repetitive, virtual assistants can solve them faster than the contact center agent.

Voice bot platforms have paved the way for conversational IVR in contact centers. Voice bots embedded within traditional IVR systems leverage natural language processing and speech recognition technologies to respond to users’ verbal commands using voice or text, enabling faster, more accessible, and more interactive user support.

Moreover, predictive data analytics maps out the entire customer journey to personalize interactions, reduce mean time to resolve (MTTR), and increase overall customer satisfaction (CSAT).

5. Cost is always a significant factor!

Using virtual assistants — chat and voice bots, leads to major cost reductions for all enterprises.

For starters, outsourced customer service agents cost as much as €22,200 per agent annually in countries like Denmark, Sweden, and Norway. Even for employees hired in Central and Eastern Europe, where contact center jobs are amongst the better-paid ones, the cost of hiring a contact center agent can come out to be around €6,436 per year.

In short, hiring more contact center agents will always prove heavier on the organization’s pockets. On the other hand, intelligent virtual assistants can solve thousands of problems at a few pennies per transaction, making them highly viable, almost a mandate for countries in Europe where labor costs are very high.

How can Acuvate help?

Acuvate helps clients build and deploy virtual assistants – customer support & engagement chatbots and voice bots with its enterprise bot-building platform, BotCore.

As a Microsoft Gold Partner, we have the opportunity of leveraging the best of Microsoft’s AI, machine learning, and natural language processing (NLP) frameworks, including the Microsoft Bot Framework, Azure Cognitive Services, and LUIS.

Besides supporting languages like German, French, English, Latin, and many more (multilingual functionality), our bots work on popular enterprise channels (Teams, Slack, ProofHub, etc.) and social channels (Facebook Messenger, Instagram, Telegram, whatsapp etc.), thus helping organizations engage a geographically-dispersed workforce and customer base.

To know more about our bots and virtual assistants, please schedule a personalized consultation with our experts.

The post Top 5 Ways Intelligent Virtual Assistants Augment Customer Contact Centers in Europe appeared first on BotCore.

A Comprehensive Guide To Understanding Chatbots

Rakesh Reddy — Sat, 25 Jul 2020 10:53:51 +0000

A Comprehensive Guide To Understanding Chatbots

What is a chatbot
The past and the present of chatbots
What are chatbots capable of doing?
Important chatbot features you should be aware of
Use cases and benefits
Functions
Industries
Key implementation considerations
The future of chatbots

Chapter 1: What Is A Chatbot

A chatbot is a computer program which can converse via textual or auditory methods. Often regarded as the “darling of the media”, chatbots (or bots) are currently one of the most popular AI technologies. There are also rule-based bots which don’t have AI incorporated in them. However, their relevance is fast decreasing in today’s disruptive world.

Chatbots are the “apps” of voice and messaging platforms that define how users and customers converse with your digital business services and data

Usually built with a Chatbot Platform or Frameworks, bots are deployed on messaging apps or virtual assistants to converse with end-users.

The advancements in Artificial Intelligence and its related components like Machine Learning and Natural Language Processing (NLP) led to the creation of highly intelligent bots with smarter responses in a natural language tone.

Chapter 2: The Past And The Present Of Chatbots

The History Of Bots: Where And How It All Began

In order to understand chatbots, we first need to delve into Artificial Intelligence and how it gave rise to the intelligent Chatbots of today. It all began with Alan Turing asking a simple question in an article titled ‘Computer Machinery and Intelligence’ in 1950. In this article, Turing theorized on whether or not computer systems could think. He also outlined the Turing Test, a method to measure whether one was speaking to a human or to a computer programme. We can note this as being one of the first theories on the capability of AI technology.

Years later in 1965, Joseph Weizenbaum created ELIZA at MIT’s AI laboratory. ELIZA was capable of simulating human conversation by matching user prompts with scripted responses. This innovation paved the way for PARRY, an AI chatbot developed in 1972 by Kenneth Colby. PARRY could simulate the thinking patterns of a person. When psychiatrists were made to interact with PARRY, only 48 percent were able to identify the difference between PARRY and a real person. Ever since then we have seen many variations of AI-powered chatbots which have only gotten more and more sophisticated over time.

The Present Scenario

With the advancements in AI, bots have become more intelligent are able to conduct meaningful and personalized conversations. Now, bots could adapt and learn based on the interactions they had with people. They could now process tons of data, rapidly retrieve information, process information, and give the right output/answer in no time. There are two primary entities of AI that power a chatbot – Machine Learning and Natural Language Processing.

Machine learning is an application of AI, and a scientific study of algorithms and statistical models that provides computer systems the ability to learn and perform a specific task without explicitly trained to do so. With machine learning, systems rely on patterns and inference to learn automatically. With the help of machine learning, chatbots can use historic interactions and the built-in instructions during training, to continuously learn and better themselves.

Natural Language Processing (NLP) is a component of AI, and is the ability of a computer program to understand human or natural language, as it is spoken/written. NLP helps a bot understand the semantics of the language being used and logically respond using natural language, consistent with the user’s query.

Organizations today are using chatbots for a variety of use cases and the usage varies from industry to industry and function to function. And the benefits chatbots offer are plenty including enhancing customer experience, improving employee productivity, automating mundane tasks, reducing costs and simplifying business workflows.

Enterprises are now leveraging chatbot builder platforms to effectively build, deploy, manage and train AI chatbots.

Learn More: Chatbots: The Past, Present, And Future

Chapter 3: What Are Chatbots Capable Of Doing?

Unlike a typical application’s or website’s traditional Graphic User Interface (GUI), the Conversational User Interface (CUI) of a chatbot simplifies business workflows, tasks and much more. Before understanding how chatbots drive value, it’s imperative to understand what chatbots can do.

1. Fetching Information

Chatbots provide users with an easy way to access data or generate reports and facilitate better decision making for both your customers and employees.

Decision makers can easily obtain granular business insights and key metrics right within the actively used messaging app. This eliminates the need for them to log into applications or scan through multiple dashboards or filter data to access the information they require. Instead, relevant information is made available to them right at their fingertips, saving time and greatly increasing efficiency.
Enabling users with chatbots allows them to easily request for information they require through voice commands and basic keystrokes.
Chatbots can easily answer questions via text or any multimedia format, including but not limited to images, graphs, pie charts and so on.

Examples:

Employee to a business intelligence chatbot: “What is the marketing ROI for 2016 and 2017?”
Customer to a banking chatbot: “Send my account mini statement”

2. Send Personalized Alerts

Just like a mobile app, chatbots have the capability to deliver personalized notifications and alerts to customers and employees directly from your enterprise systems. This serves to ensure that your business users are kept updated about various changes and news in the organization. and also engage to get more details by asking questions in natural language.

Here are a few examples of how notifications and alerts can help across a variety of organizations and departments:

An intranet chatbot can send notifications to relevant employees when there is a new document added to the intranet knowledge base.
A sales chatbot can keep users notified about changes in important metrics, including but not limited to MSL, leads, OTIF, payment terms and so on. These alerts can also be customized based on the location of the sales personnel and the specific customer they are about to meet, so they have access to the most relevant information required to make a sale. Chatbots can notify users about a dip in revenue from specific regions or brands etc. As a result, the sales personnel will be able to immediately dive into why it’s happening and take appropriate measures to fix.
A banking chatbot can send alerts to customers reminding them to make payments or to advise them that they have exceeded the credit limit, so they do not attract unforeseen fees.
An e-commerce chatbot can send alerts on incomplete orders. If a customer has items that have been left in the cart, he is reminded to complete the transaction to secure the items he wanted to purchase.
Chatbots can alert users about upcoming ERP downtimes.

3. Perform Tasks

There are a variety of repetitive tasks that have to be performed across organizations for a variety of reasons. These routine tasks can be time-consuming and hamper productivity. A chatbot can easily be introduced to address these tasks and complete them without glitches.

These tasks can involve collecting, modifying, posting information in systems or making form-based data entries that employees and customers need to perform repetitively.

Chatbots also eliminate the need to switch across multiple applications, go through various mundane procedures or depend on personnel to get tasks done. Users can get all their simple, yet repetitive tasks are done, simply by “conversing” with the chatbot via their actively used organization wide messaging app.

Examples:

Employee to a helpdesk chatbot: “There is an issue with my laptop. Generate an IT helpdesk ticket”
Customer to a banking chatbot: “I want to make my credit-card payment”

4. Answering Questions

Most websites are equipped with chatbots that proactively ask visitors questions that enable them to provide a personalized experience and help the user reach exactly the information or page they are looking for.

This same functionality also applies within businesses – from the most simple FAQs to more complex questions, chatbots can be designed to address a wide range of queries from employees across the organization.

Machine Learning (ML) and Natural Language Processing (NLP) enable bots to understand the query and the intent and therefore, provide highly accurate answers.

Well-designed chatbots can also quickly adapt to the office jargon, offering users the most relevant and informed answers to their queries.

Examples:

Employee to IT helpdesk bot: “How do I reset my password?”
Customer: “Can you tell me more about that product?”

Chapter 4: Popular Chatbot Features You Should Be Aware Of

A) Knowledge Base

The knowledge base of the bot is central to its functioning. It supports the following functions:

Creating Guided Conversations: Bot interactions ought to be streamlined so that the outcomes are pre-defined.
Handling Q&A Scenarios: Equips bots to answer all possible queries.
Entity Fulfilment & Actions: This enables a bot to give relevant responses to capture all required entities to perform an action.

b) Broadcasting

When we say there can’t be a bot platform without broadcasting, we mean it. Through broadcasting, the admin of a chatbot can easily send a notification to all the users regarding any important event. This feature of a chatbot platform has gained significance during noteworthy events such as the People’s Choice Awards, World Surf League etc., in which users were kept informed and updated about future events.

c) Effective conversation system

Based on the particular need and situation, the bot should have the ability to initiate a tailored conversation with the user.

An efficient bot would have features such as

Trigger service – Service that an integrating application can use to send a trigger
Message queuing – Trigger messages are queued for large scale message volume
User & channel data store – Triggers can be sent to users on one or more channels that they are connected to with the bot.
Human hand off: The bot should transfer the conversation to a human when the conversation becomes too complex for the bot to handle or upon users’ request.

d) Vocabulary

If the bot gives a standard response with limited phrases, the user may be discouraged from continuing the conversation. An efficient chatbot should have a high range of variable vocabulary and understand familiar user phrases. Chatbots should also be ingested with business/domain specific vocabulary for seamless adoption

e) Sentiment Analysis

Sentiment analysis empowers chatbots with the ability to understand the emotions and mood of the user by analyzing their text or voice input. This helps chatbots to drive the conversation wisely and deliver appropriate responses.

f) Administration

Bots need to be monitored and regulated. They need to be equipped with:

Training Module: For learning and understanding new concepts.
Maintenance Mode: The results of new learning and actions can be tested here.
Logs: This module helps record bot errors.

Learn More: Take Your Chatbots To The Next Level With New Capabilities

Chapter 5: Use Cases And Benefits

Functions

1. Human Resources

Chatbots can be used at different stages of an employee’s life cycle – right from recruitment and onboarding to engaging the employee and fostering retention, in order to optimize the whole process.

- Recruitment

Given the large volume of applications that Human Resources teams tend to receive, keeping all candidates updated in a timely manner is a burdensome task. In all practicality, most HR personnel barely have the time and bandwidth to update rejected applicants especially when they are occupied with sourcing the right ones. Due to this, a majority of the candidates never hear back from their prospective recruiters, lowering the quality of the applicant’s experience.

This creates an opportunity for chatbots to manage and accomplish such repetitive, and time-heavy tasks.

Use Cases

Recruitment chatbots can perform the following functions in the recruitment process:

Parsing the resumes uploaded onto the recruitment portals
Filtering applicants for the screening process by making significant inquiries
Delivering updates about the status of an application
Responding to FAQs, thereby saving the recruiter’s time and efforts for other tasks
Additionally, a chatbot can also conduct and record feedback surveys from the candidate about their recruitment process and gain insights on any areas of improvement.

While these are some of the more specific tasks a chatbot can perform with regards to the recruitment processes, use of recruitment chatbots can also lead to several benefits for the company. The most crucial one being significantly lower costs and time involved in hiring, since a large part of the process will be automated and will lead to higher productivity and efficiency.

Benefits

Deploying AI-powered chatbots can help in reducing the workload of recruiters. Given the complex current hiring scenarios where simultaneous engagement with several candidates is required, automated chatbots ensure seamless candidate experience. With the help of chatbots, you can:

Reduce cost-per-hire
Increase recruitment team productivity
Eliminate paperwork
Enhance candidate experience
Reduce recruitment time by qualifying and disqualifying candidates swiftly at scale
Automate the manual and administrative recruitment work
Keep candidates engaged throughout the process
Reduce missed opportunities
Improve employer brand

In a recent survey by Allegis it was noted that:
58% of candidates were comfortable interacting with AI and recruitment chatbots in the early stages of the application process.
About 66% of candidates were comfortable with AI and chatbots taking care of interview scheduling and peripheral activity.

- Onboarding

Since on-boarding involves performing several smaller activities in a shorter span, automating the same using chatbots can help streamline the whole process. Some of the crucial chatbot use cases during onboarding can be –

Helping HR personnel during initial tasks such as collecting and recording KYC, tax forms, signed legal documents etc. Chatbots can effectively streamline and speed this process by tracking the same for employees and reminding them to submit the required documents on time.
Hand holding new hires through company policies. A large part of initial orientation involves sharing standard operating procedures and company policies, chatbots can severely reduce the HR workload by handling the process and queries online
Apart from orientation, AI powered chatbots can also help relay all relevant information to do with the organization and internal teams. This can reduce dependency on the HR team for sharing troves of information with regards to their teams, roles, key contacts, general organizational landscape, etc.

- Learning and Development

Employee training and development is a key process in the HR lifecycle. It involves providing the employees with specific knowledge and skills to boost their productivity and efficiency.

Chatbots can be used to conduct tests and quizzes to track progress of employees.

Employees often run through the long-cycle of time consuming training sessions and coaching mechanisms. A chatbot that is made available 24×7 allows employees to get trained in an agile mode and round the clock, adding flexibility to their work life. Employees can consume these conversational training modules, in the form of mini-questionnaires and tests.

Training bots also take care of administrative aspects like sending reminders and fixing coach appointments.

By use of chatbots, employees can also track their learning and development goals and remain on par with the company’s goals and objectives.

- Retention and Engagement

Effective employee engagement is perhaps the most dynamic application for a HR bot. By providing a seamless employee digital experience, companies can increase employee retention.

Chatbots offer a solution by providing self-service options to employees. Chatbots enable employees to ask natural language questions such as, “How many holiday days have I got left?”, “What are the company policies on applying for time off?” and other FAQs to the chatbot. This helps them get all the information they need right at their fingertips, without having to wait for the HR team to get back on their queries.

Chatbots act as the first line of HR support for your employees and thereby increase your team productivity. This also reduces your cost-per-contact significantly since the bot takes care of all the repetitive, basic and simple issues.

- Off-boarding / Exit Management

When an employee quits a firm or submits his resignation, there are several HR related formalities that follow.

They are first required to confirm the last date of their employment based on their notice period, account for the leaves used that year, get settlements on their pending invoices, get approvals on their pending receipts, etc.
Finally on the last working day, the formalities to do with the handover are supposed to be completed, like surrendering of company devices & ID cards, settlement of pending accounts, submission of relevant forms & applications and any information that needs to be relayed to important associates, clients or colleagues.
There is also the exit interview that takes place, to get feedback from the employees about their experience at the firm. Given the several significant and meticulous tasks involved, the whole process could take days or weeks to finish.

Since these tasks are part of a time and effort consuming yet pre-fixed, routine process, these can easily be taken up by an AI-powered HR bot. An HR bot can streamline the process by creating forms, all collated in one place, additionally, the process flow can be created such that the subsequent step becomes active only when the step before it is completed. This can help put an end to incomplete documentation and human error.

Apart from the formalities, a bot can offer easy query resolution to do with any key aspect such as leave balance, taxes, benefits, duration of notice period, etc. As for the last step – the exit interview, having an HR bot conduct the same can ensure an honest and unbiased outcome.

Not only will the employees be more candid and honest with a virtual chatbot, but the interview responses can be collated and help analyse retention and other HR challenges in the organisation. Therefore, an HR bot can easily undertake the step-by-step process with minimal supervision and help render off-boarding as an effective and smooth-running process.

Learn More: How Chatbots Are Revolutionizing The HR Department

2. IT Helpdesk

Apart from just HR functions, chatbots are capable of resolving first-level IT issues as well. Just like the HR department, the IT helpdesk is often inundated with routine questions. AI chatbots act as the first line of help desk agents by answering all the basic FAQs. As soon as a request is raised, IT chatbots help the user do basic troubleshooting and in most cases fix the issue and thereby reduce the employee downtime.

If the issue isn’t resolved or the user isn’t satisfied with the outcome, bots provide the option to connect with a support agent – thereby leaving the more complex queries to human agents. Employees can stay updated on the progress of their tickets by asking the chatbots natural language questions.

This leads to faster resolution times, improved incident management, improved security, better handling of outages and ensuring that employees are kept informed with steady and timely alerts.

If the issue remains unresolved or the user is not completely satisfied with the outcome, bots offer the option to connect with a support agent – thereby leaving the more complex queries to human associates.

Employees can then stay updated on the progress of their tickets by inquiring with chatbots using natural language questions. This leads to faster resolution times, streamlined incident management, better security, improved handling of issues and ensuring that employees are kept informed with steady and timely outage alerts.

Use Cases

Check the status of tickets
Answer common troubleshooting questions like VPN or password not working
Ask instructions for common IT issues
Reset passwords for devices and network
Talk to a live agent (human-handoff)
Raise tickets
Fill form fields via conversation
Access the knowledge base
Check on the pending case reports
Look-up case-related information
Receive information on – Incident notifications, New change request notifications, Task notifications, Access request notifications, Asset request notifications and Outage alerts

Benefits

Reduced employee downtime
Provide self-service to employees
24/7 availability
Eliminate calls
Reduce cost per ticket
Answer FAQ
Increase IT staff productivity
Address level 1 issues
Spread awareness about IT policies & initiatives
Modernize incident management
Categorize and route incidents better
Quicker resolutions
Increase employee experience and productivity

Learn More:

3. Sales

Chatbots can integrate with data warehouses and CRM, BI and LOB Systems to perform tasks such as creating new leads, updating lead status, getting visual reports in multimedia formats, updating CRM records etc.

Use Cases

Check the lead status
Ask pinpointed prospect-related queries
Check on the sales KPIs
Get pin-pointed answers of any information available in the CRM or BI systems.
Fill lead details
Send email of the desired dashboard
Set and get alerts about dip or rise in any sales KPI.
Receive notifications about change in lead’s status
Access reports available in the CRM, BI or LOB or DWH systems.
Get links to the desired dashboards

Benefits

Increase CRM adoption
Simplify and automate data entry into CRM systems
Update CRM records quickly
Access customer/prospect intelligence swiftly during calls/meetings
Reduce manual data-entry and administrative tasks for sales reps
Increase sales reps productivity
Enable data-driven decision-making
Increase lead conversion ratio
Stay updated with real-time KPIs and lead intelligence

4. Marketing

Chatbots can gather data about potential customers that equips marketers with essential information to design their products and advertising strategies. They can be integrated with various social media channels and used to reach out to customers of various demographics.

Use Cases

Lead generation
Lead qualification
Book sales meetings
Schedule demos/consultations
Suggest relevant content based on user’s website activity
Capture email addresses and other visitor details in a simplified manner

Benefits

Personalize website experience
Skyrocket visitor to lead conversions
Qualify leads effortlessly and generate only high qualified leads for sales teams
Engage visitors
Gather visitor/lead intelligence
More demos/consultations with potential customers
Eliminate the filling of long forms in landing pages
Grow your email list
Close more deals and accelerate revenue

Learn More: 4 Ways Marketing Teams Can Use Chatbots

5. Intranet/Employee Assistant

Employees can use the company’s intranet chatbot to perform simple actions such as checking on internal company updates, accessing documents, applying for leaves etc.

Use Cases

Proactively take the announcements and news in the intranet to the employee
Get intranet information via natural language questions
Get links to desired intranet documents
Content authors can update content with a chat interface
Get personalized alerts and timely updates
Perform tasks like leave requests, travel settlement requests, IT requests etc.

Benefits

Drive intranet adoption, collaboration & ROI
Personalize the intranet experience. Employees don’t have to swift through unrelated intranet content.
Access intranet resources faster
Reduce intranet redesign investments
Improve employee experience and productivity
Faster intranet content updation

Learn More: Chatbots For SharePoint Intranet

6. Business Intelligence

Chatbots can be integrated with Power BI, SAP Business Objects, Oracle or any other BI tool, as well as CRM and LOB systems or data warehouses, in order to simplify data consumption.

Use Cases

Ask queries about business KPIs and get pin-pointed answers from any information available in the BI system
Ex: What is the top performing product in 2018?
Access reports available in the BI or LOB or DWH systems.
Get links to the desired dashboards
Update records and details
Bot can send email of the desired dashboard
Get visual reports in multimedia formats

Benefits

Simplify the consumption and interaction with data
Drive business intelligence adoption and data-driven decision-making
Get data on fingertips
Ask questions in a natural language tone
Set and Get alerts on any dip in KPIs like low stock, revenue, etc.
Eliminate multiple logins to BI systems and filtering dashboards
Sales and supply chain assistants
Help in Increasing topline and reduce inventory

Learn More: Business Intelligence Bots

Industries

1. Banking & Financial Services

Some of the chatbot use cases for banking begin with personalized banking with an aim to improve customer satisfaction and engagement. Banks have enabled their customers to interact with chatbots to clarify banking queries. They can access and ask for account balance, bank statements, transfer funds, create a deposit, saving and investment advice, and so on.

Use Cases in Customer Service

Checking the account balance, transaction history, credit limit etc.
Help in upsell
Finding the nearest ATM or branch
Inquiring about different offerings and products
Generating a mini statement for the desired time period and the interest rate report
Updating contact information
Connecting to a live agent (human hand-off)
Transferring money from one account to another
Suggest money saving ideas
Generating bill payment alerts and Individualized financial advices
Resetting the card PIN

Business Benefits

Personalize banking services
Personalize marketing strategies and drive sales
24/7 availability and customer service
Get customer feedback and measure customer satisfaction
Self-service transactions
Handle FAQ, basic and simple queries
Improve ESAT and customer loyalty

2. Consumer Goods & Retail

CPG and retail companies are increasingly using chatbots to transform customer experience. Chatbots fix the long product discover journey for a consumer by allowing consumers to access product information and make a purchase on-the-go using mobile devices. They can assist sales personnel by seamlessly integrating with CRM, BI and LOB systems at the background and provide accurate sales data and real-time alerts.

Use Cases in Customer Service

Product exploration and discovery
Product recommendations
Product surveys
Check the shipment status
Add items to cart
Place orders
Book appointments
Connect to customer support agents
Provide product related information, and alerts on a new product launch, and suggestions on discounts or coupons or any other sales offers

Business Benefits

Product exploration and discovery
Product recommendations
Product surveys
Check the shipment status
Add items to cart
Place orders
Book appointments
Connect to customer support agents
Provide product related information, and alerts on a new product launch, and suggestions on discounts or coupons or any other sales offers

3. Insurance

Chatbots in the insurance industry are being used to enhance the customer experience. Top insurance companies including Liberty Mutual Insurance, Lincoln Financial Group and Allstate Business Insurance are using chatbots to handle routine customer questions, address minor insurance related challenges, provide quotes, automate the claim process, and reduce call center costs.

Use Cases in Customer Service

Help in filing a claim
Answer Scheme and plan related questions
Provide recommendations to prevent loss
Provide guidance for choosing the right plan
Send Insurance documents of the customer
Send personalized quotes to users

Business Benefits

GDPR compliant conversations
Simplify complex jargon for customers
Help customers understand the policies or any domain-specific terminology better
Streamline claim filing process
Simplify regular tasks like payments and updating user info
Better marketing through personalized plan recommendations and alerts on new plans
Increase customer agent productivity by answering FAQ

Learn More: Chatbots For Insurance Industry

4. Legal

Legal jargon is a complex language of its own and piles up every day, across multiple document structures. Analyzing these documents and accessing the relevant ones is a time-consuming process for humans. Chatbots reduce the time to analyze with use of artificial intelligence and exponential power to process natural language. With machine learning, chatbots have been trained to be legal advisors for mundane and redundant customer queries.

Use Cases In Customer Service

Helping attorneys with finding information quickly
Understand legal services and offerings of law firm
Queries for better understanding unknown legal jargon
Basic legal queries while staying anonymous
Book appointments with attorneys at the desired time

Business Benefits

Offer a certain amount of free legal advice
Drive leads and appointments
GDPR complaint conversations
Self-service and 24/7 availability
Learn complex legal jargon swiftly and effortlessly

Learn More: Legal Industry Bots

5. Education

Chatbots are changing the face of education right from personalizing education, helping people learn new languages, spaced interval learning, student feedback, professor assessment, essay scoring, acquaint students with school culture and for administrative formalities.

Use Cases in Customer Service

Handling queries related to the university and courses during registration, assessment related questions, tuition fees, time tables, scholarships, grades etc.
Get university policy documents, enrollment certificates, academic information, disability and other personal information
Provide course and administration related information
Access course documents
Handle university registration
Send feedback about professors, courses etc.
Update contact information
Register for courses
Fill applications
Apply for permissions

Business Benefits

Provide a personalized 24/7 self-service student experience
The bot act as a single point of contact for all needs of the student – right from registration to farewell
Reduce administrative costs
Improve the productivity of teachers and administration staff

Learn More: Chatbots for Educational Institutions

Chapter 6: Key Chatbot Implementation Considerations

When implementing chatbots in your organization, here are a few factors to consider to plan your implementation better and achieve maximum business value from your chatbots:

Define your goals – Clearly define the purpose of your chatbot and what actions you would want it to handle. Usually, chatbots are used to provide customer service, improve the brand’s online presence, or used to collect BI or process user queries on the intranet.
Start small: Start small but quickly. Establish many small milestones. This will help you stay ahead of competition and by having many small milestones you will understand the pulse of the users. Thenceforth, you can start making changes and updates to the chatbot. An enterprise chatbot platform will be helpful for this process.
Understand your audience – You must profile the users for whom the chatbot is intended in order to understand their needs, behavior, and expectations. Classifying your audience gives you insight that is essential to keep your chatbot strategy focused. Setup live ops to continuously incorporate behaviour pattern and to make adjustments
Outline the user actions – In order to establish a streamlined design, you must outline the key intents, or user actions, that the chatbots will complete as they move through the conversation funnel.
Pay attention to Security and Privacy – Ensure that chatbots are compliant with GDPR or any other industry-specific or location-specific regulations and policies. Provide information to users based on their authorization levels and adopt authentication measures such as user identity authentication, intent level authorization, channel authorization, end to end encryption, and intent level privacy, to enhance the security and privacy of your chatbot.
Chatbot implementation can become expensive, without proper expertise – Building chatbots without prior experience can make the implementation a mismanaged, disorganized, and costly venture. Choosing from a reputed “off-the-shelf” solution, is a better option.
Set the right expectations – Users must be made aware of the capabilities of a chatbot before they are deployed.
Infuse NLP and Machine Learning – Infusing NLP and Machine Learning into bots makes them relatable to the user, thus enhancing adoption, and providing an enhanced and personalized user experience.
Future-proof your chatbot – Ensure your chatbot can leverage any AI service available today and will scale for future services. This can be achieved by choosing bot platforms with cognitive abstraction that ensures you’re not locked down to any specific AI chatbot vendor or product.
Ensure that there is a human hand-off, when required – There should be a human that can take over the conversation in cases where the chatbot cannot drive a query to its conclusion. The hand-off should be as seamless as possible without reducing user experience.
Help employees overcome their resistance to chatbots – Employees may fear that AI and chatbots pose a threat to their jobs. Hence, you should make them aware that a bot has the capability to relieve them of their repetitive work and make them more productive.
Align the chatbot with your brand identity – A tailor-made bot that matches your brand identity and tone is imperative in enhancing the user experience.

Learn More: 10 Key Chatbot Implementation Considerations You Should Be Aware Of

Chapter 7: The Future Of Chatbots

According to Orbis Research, the Global Chatbot Market is to grow at a CAGR of 34.75% during the period 2019-2024.

As the chatbot technology continues to mature, the future of bots is becoming interesting. Here are a few important trends to watch for:

1. Integrating Chatbots with RPA

As chatbots are increasingly being used to perform a greater range of tasks, they will need back office bots that can quickly find information and complete transactions on behalf of users. Integrating front-office chatbots with legacy systems is achieved with the help of Robotic Process Automation (RPA).

Learn More: RPA Bots: Understanding The Chatbot And RPA Integration

2. Chatbot-to-Human Handover

There can be times when a chatbot needs to hand off the conversation to a human being to handle issues that are complex. The bot should recognize the situations when it needs to hand off and provide the user with a clear, smooth transition.

One of the simplest and an effective method of initiating a handoff from is provide a user-driven menu. The bot can be programmed to provide the user with a menu of predefined options after every message.

When the chatbot senses that the user is trying to reach for a human assistance, it can simply provide the user with an option of chatting with a human agent. The user can then select the option if the chatbot seems incapable of solving the problem.

Another scenario in which handoff becomes imperative is in the case of escalations. The chatbot should effectively inform the user that the interaction is being transferred so as to address their concerns better. It also should always provide users an option to talk to a live agent.

Learn More: Human Handoff In Service Desk Bots

3. Voice Bots

A ComScore study forecasts that by 2020, 50% of all searches will be voice-based.

Although in the current scenario text-based chatbots are ruling the roost, the application of voice technology is gaining momentum. Since most people prefer talking as opposed to typing, it is no wonder that organizations are increasingly implementing voice bots for both customers and employees. At the moment, voice bots are a good fit when it comes to handling simple, linear tasks and queries. However, at the rate at which voice technology is evolving, with applications in smart devices such as speakers, TVs, watches etc., voice bots may very well be what the future looks like for AI chatbots.

Learn More:

4. DataOps With Chatbots

A large amount of data is captured from chatbots. Data analytics employs new approaches like DataOps to leverage data that is captured through chatbots. This data can be analyzed and integrated with the other sources of internal and external data for better marketing and customer service.

In Conclusion

Organizations are significantly utilizing Chatbots to automate their internal business processes, productivity, boost revenue and enhance the customer experience.

Juniper Research forecasts that chatbot conversations will be responsible for cost savings of over $8 billion per annum by 2022.

The conversational interface of chatbots simplify everyday workflows for employees and eliminates the hassle of switching multiple apps. Chatbots act as a single point of contact to get tasks done and access information. The use cases of chatbots are diverse and emerging across functions and industries. Enterprise leaders should have a powerful bot strategy to make the most of this technology.

About BotCore

BotCore is an enterprise-grade bot builder platform using which enterprises can create, build, train, deploy and manage chatbots for their organization. BotCore is fully deployable on both on-premise and cloud environments.

BotCore is an accelerator that enables you to launch customized, AI-powered conversational bots in your organization. With the help of “Cognitive Abstraction”, it can leverage any AI service available today and will scale for future services.

BotCore today powers chatbots at several large enterprises and Fortune 100 companies.

If you are planning to adopt a chatbot in your organization, Acuvate’s bot workshops like the Build-A-Bot program helps you get a subject matter expert opinion to plan your bot journey.

The workshop helps identify specific use cases within your enterprise and evaluate different technologies. Acuvate provides a 1 day bot strategy workshop within your company premises for both business and IT leaders.

The post A Comprehensive Guide To Understanding Chatbots appeared first on BotCore.

Amid COVID-19, How Are Chatbots Solving IT Help Desk Challenges

Jagan Jami — Mon, 30 Mar 2020 11:03:00 +0000

Amid COVID-19, How Are Chatbots Solving IT Help Desk Challenges

The COVID-19 pandemic has been a serious wake up call for companies which put digital transformation and AI adoption in the back-burner. It made us all realize that adopting emerging digital and AI technologies is not so much an option but a necessity.

One significant area where digital transformation has become critical is ITSM. In the past few weeks, we have seen IT help desks in several companies struggling to manage the sudden unprecedented surge in incidents, issues and requests. Some of our key observations include:

Incidents are continuing to grow as a large number of employees are trying to access different types of applications simultaneously and remotely
In order to maintain smooth operations, organizations are rushing to rollout critical business apps without proper testing. Once the issues are detected in the production environment, more incidents come up
Incidents and requests range from simple ones like setting up VPNs, authentication issues to complex ones like accelerating the deployment of new digital initiatives to ensure business continuity
When troubleshooting end users’ issues with SaaS apps, it’s becoming difficult for service desks to determine whether the issue is related to the network connection, users’ equipment or the app itself

Ensuring that an IT helpdesk is running hassle free at all times has been an ongoing challenge for many enterprises even before this pandemic. Many of these organizations already face a shortage of help desk staff. And with the new unique challenges, the situation is becoming further overwhelming. Employees are being kept on hold for hours before their issue is resolved. Just imagine the loss of productivity.

How IT Helpdesk Chatbots Can Help?

A huge volume of requests are usually ‘basic’ or ‘simple’ questions that take a lot of time to answer. When most of your workforce is working remotely, the overhead on the helpdesk team to resolve such queries is huge.

One of the easiest ways to overcome these challenges is to deploy an IT Helpdesk Chatbot and enable self-service to employees.

A chatbot is not only a powerful solution to address repetitive and low-value requests but also super easy to deploy.

A chatbot will be available 24*7 on any device and can handle requests across the organization simultaneously. This will allow your IT staff to move away from a reactive environment where they are constantly putting out fires and focus on productive and proactive tasks.

Chatbots conduct multi-turn conversations (something most help desk requests involve) and guide users to resolve the issue through a series of steps.

In addition to solving simple requests and low-value tickets, chatbots are becoming increasingly intelligent to address several complex queries as well. The AI, NLP and ML integrated in a chatbot helps it learn from previous conversations, understand user intent better and deliver smarter responses.

When the chatbot can’t handle a particular query, it’ll handover the conversation to a human agent.

With low-code chatbot builder platforms like Microsoft Virtual Agents and BotCore, you can build and deploy a simple FAQ bot within hours and with limited resources! These chatbots also come with prebuilt connectors and easily integrate with your existing help desk platforms like ServiceNow, JIRA, Freshdesk etc.

Join Our Webinar:

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Benefits Of A IT helpdesk Bot

Easy and quick rollout
Seamless integration
Super fast responses
Reduced cost per ticket and IT support costs
Improved productivity of help desk agents
Eliminate calls and emails: The bot acts as a single point of contact for help desk requests
24X7 availability in both mobile and desktop devices
Real-time alerts
Enterprise level security
Employee self-service

Learn More: How AI Bots Can Revolutionize Enterprise Helpdesk?

Key Capabilities To Look For In A IT helpdesk Bot

Incident Management
Incident notifications
Incident creation
Submit change requests
New change request notifications
Task notifications and notes
Outage Management
Sends outage alerts
Displays real time outages
Sends outage reports
Security Management
Reset passwords for devices and network and generate tokens
Disable, wipe or suspend device
Real-Time Alerts
Access request notifications
Asset request notifications
Outage alerts
Authentication alerts
Human Hand off

The chatbot should be intelligent enough to recognize situations where it can’t help the user and should hand over the conversation to an agent. As soon as the bot learns that a human intervention is required, it should present users with an option to “chat with an agent”. Once the user clicks the option, an agent takes over the conversation.

Learn More: Chatbots Human Handoff

Get Started With A IT Helpdesk Chatbot

We are forced into the largest work-from-home experiment and many employees have little to no experience in adopting the new environment. Right from setting up their home offices, VPNs, to adopting video conferencing and collaboration apps, employees are facing a myriad of challenges and flooding the helpdesk with repetitive requests. An ITSM chatbot streamlines the helpdesk workflow, enables self-service and acts as a level-1 support agent.

If you’d like to learn more about this topic, please feel free to get in touch with one of our AI and ITSM experts for a personalized consultation.

The post Amid COVID-19, How Are Chatbots Solving IT Help Desk Challenges appeared first on BotCore.

Comparing The Top Bot Development Frameworks

Abhishek Shanbhag — Fri, 05 Oct 2018 14:21:00 +0000

Comparing The Top Bot Development Frameworks

Chatbots are noticeably one of the most popular AI technologies. In the past few years, chatbots have been transforming customer and employee experience, simplifying business workflows and reducing costs. With the rise in demand for chatbots, several frameworks and chatbot platforms have influxed the market. Enterprise leaders who participate in our Build-A-Bot workshops, often seek help in understanding the functionalities of different bot frameworks and platforms.

This blog differentiates between a chatbot development framework and chatbot platform, enlists some of the major bot development frameworks and their key features.

how is it different from a bot development platform?

Most people confuse bot framework with a bot platform or use the word interchangeably

A bot framework is a which helps you develop chatbots with predefined functions and classes. Frameworks are usually used by developers as they involve some programming or coding. They provide some predefined set of tools for faster development of bots.

An enterprise-grade chatbot platform helps you build, train and manage chatbots. It allows non-technical users to build bots without any coding or programming knowledge.

A platform is where the bot is deployed, run and made to perform actions as requested by users. Whereas the framework helps develop and keep together all constituents of a bot. It involves predefined functions and tools that expedite code writing and bot deployment.

major bot development frameworks

Now that we have differentiated between bot development frameworks and platforms, let’s deep dive into some of the most popular bot frameworks and their different features and capabilities.

Microsoft Bot Framework

Microsoft Bot Framework is one of the most comprehensive frameworks for building enterprise chatbots. You can build a simple Q&A bot or a sophisticated virtual assistant.

It is not only intelligent and feature-rich, but it’s also flexible and scalable. Developers can build bots that interact with users in a natural language. This is enabled by Microsoft’s Language Understanding Intelligent Service (LUIS) which extracts intents and entities from conversations. With LUIS, you can constantly improve the natural language models.

The Bot Connector feature of this framework allows bot integration of a variety of platforms such as Slack, Facebook Messenger, Telegram, Webchat, SMS, email, Skype etc.

It also leverages Microsoft’s QnA Maker which allows you to build basic QnA bots based on existing FAQ URLs, structured documents and product manuals.

One of the main advantages of the framework is that it supports Azure Bot Service. Azure allows you to quickly respond to user queries, even if there is high volume. And by using Azure Bot Service, you only have to pay for messages delivered using the Premium channel. In addition, with the service you can have complete ownership and control over data.

Another benefit of this framework is that it provides an open source SDK to build and test chatbots. You can also test and debug bots with Microsoft’s desktop application – Bot Framework Emulator.

Learn More: Why CIOs should consider Microsoft Bot Framework to build Enterprise Bots

WIT.AI

Facebook’s Wit.ai is a natural language bot development framework which enables developers to build both voice and text based bots on virtually any messaging platform of their choice.

It also allows developers to build voice interface for their apps. Moreover, the platform also shares the bot learnings with the developer community who can leverage it to further enhance the user experience.

Additionally, Wit.ai is an effective solution for home automation. It can control any smart device including home appliances and wearables.

Pre-build entities like temperature, URLs, emails, etc. make Wit.ai an excellent virtual assistant. However, the developers may have to work on refining engine training which currently takes a little long.

Dialogflow

Dialogflow, previously known as API.AI, runs on the Google Cloud platform. Powered by Google’s machine learning, it enables bot to understand the intent of the user and respond in the most accurate manner. It also takes user-machine interaction to a new level with voice and text-based conversational interfaces.

It can be integrated with any platform including Google Assistant, Alexa, Cortana, Facebook Messenger, Slack, websites and many more. Dialogflow also supports almost all types of devices such as wearables, phones, car audio, smart devices etc. This means you can connect with your users irrespective of which devices or platforms they’re using. With its ability to support over 20 languages, it helps you expand your global reach.

Another benefit that this framework offers is that it allows fast coding, thus allowing quicker time-to-market.

Botpress

Botpress is an open-source bot development framework built for the developers’ community. The framework is 100% based on Javascript. Since it’s based on a modular architecture, it’s easy to continuously add new features to it.

Botpress is quite flexible in terms of hosting. Depending on their business requirements, users can host it on their enterprise systems, on-premise or on the cloud environment. Also, it’s one of the most user-friendly frameworks. It doesn’t require a user to have the technical knowledge to manage it after it’s deployed.

It allows required customization and facilitates limitless and easy integration with third-party applications and APIs. This also means that users can interact with Botpress bots on all major messaging platforms.

In addition, it allows you to monitor bot application and performance. It records user-bot interaction and with analytics, it allows you to make the required changes to make your bots more intelligent.

RASA Stack

Rasa is another open-source framework which is powered by machine learning. It can be customized fully which makes it a fit choice in enterprise architecture. There are two main components of this framework – Rasa NLU and Rasa Core. Rasa NLU is a natural language processing tool which classifies intents and extracts entities in chatbots. It analyses free text and takes out structured data from it. For example – address, date, numbers etc. Rasa Core uses intents and entities of Rasa NLU to create a reply dialogue. The deep learning technology empowers it to conduct complex conversations.

Rasa’s powerful and intuitive interface facilitates faster training and improves user experience.

Conclusion

These are some of the leading bot development frameworks available today. Every framework has its own pros and cons. It would be difficult, or rather unfair to comment on which one is the best. There is no “best” bot framework in its absolute sense.

Choosing the right bot framework depends on your business needs and technological landscape.

What’s sure is that the conversational bots are here to stay. They’re going to change the face of customer service, employee productivity and business workflows in the coming years.

Acuvate’s own enterprise chatbot builder platform, BotCore can be deployed both on cloud and on-premise environments and helps you deploy enterprise chatbots, train, and administer them according to your needs

If you’re planning to deploy chatbots for your business and need guidance in choosing a powerful bot framework, feel free to get in touch with one of our chatbot experts for a quick consultation.

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The post Comparing The Top Bot Development Frameworks appeared first on BotCore.