Evolution of “ChatBot” as an Interactional Tool between Computer and Human Beings
Technology has been through several changes right from advances in devices/hardware, software to the revolution in the information and data as we evolve. And with each change there comes an inevitable question of “As an organization are we pacing up with the technological advancements, to be ahead in the game?”With drastic evolution as an inbuilt interactional tool and speech recognition tool, chat bots is enabled in various applications and its performance can be enhanced now.
“As per Gartner Report, by 2021, more than 50% of enterprises will spend more per annum on bots and Chatbot creation than traditional mobile app development”.
ChatBots has evolved to a stage where it can act as an interactional tool between the customers, vendors, employees etc. To have ChatBots at that stage of handling complex conversation and to store previous subjective interaction with clients has helped chatbots to evolve rapidly in reducing human interactions through AI which makes it more advanced technologically and functionally, thus it is evolving rapidly.
Organizations use chatbots in the workplace to streamline business processes, provide Human Resources and IT helpdesk support, analyze data and leverage block chain ledger capabilities for payments.Chatbots integrate with legacy systems and use natural language processing to create real-time information exchanges with users. Many business functions can be automated using chatbots like HR functions, IT support functionalities, end-to-end Customer interactions etc for 24 hours. Chatbots will refine the customer experience with less human interactions.
A study shows that 64% of customers and 80% of business buyers expect real-time responses and interactions from the organizations. Chatbots are a perfect solution to provide human-like conversation, increase user attention, deliver quick responses and engage customers more deeply than ever.It is one of the most useful technologies that businesses can rely on, possibly replacing the traditional models and making apps and websites redundant.