Overview

The advancement of man-made brainpower is presently going all out and chatbots are just a swoon sprinkle on a gigantic rush of advance. Today a lot of business is applying chatbots with WhatsApp, Slack, Skype and the Facebook Messenger alone has 1.2 billion monthly users and still increasing. With the spread of messengers, virtual chatbots are emulating human discussions for fathoming different assignments, and chatbots becoming progressively popular.

A chatbot is an artificial intelligence (AI) program that simulates interactive human conversation by using key pre-calculated user phrases and auditory or text-based signals. According to techopedia, Chatbots are frequently used for basic customer service and marketing systems like social networking hubs and instant messaging (IM) clients. They are also often included in operating systems as intelligent virtual assistants. As indicated by a current report by Grand View Research, the worldwide chatbot advertise is relied upon to reach $1.23 billion by 2025, an exacerbated yearly development rate (CAGR) of 24.3%. Inside the worldwide chatbot advertise, around 45% of end clients incline toward chatbots as the essential method of correspondence for client benefit asks.

Oracle surveys say that 80% of businesses want chatbots by 2020.

To give an idea on creating chatbot may not be my relative argument (It depends on your business domain and how it helps your business) but still let’s see what kind of chatbots are available in the market and what kind of chatbots are possible to build.

E-Commerce

Online Marketing

Customer Service

Travel, Movies

Hospitality

Banking

Financial Services

HR & Recruiting

Assistant For appointment

IOT & Voice Based

What’s good and bad about chatbots?

Fast and Accurate

Works 24*7 without taking break

Customer satisfaction

Automation of repetitive work

Bots are not equal to Google…

Without knowing bot’s type you can’t ask anything or non-relevant questions to it. It may be possible some smart bot would insult you with sarcasm.

How to Build Chatbot?

Analyze the problem and why did you choose the chatbot as a solution?

Choose the Platform on which platform you want to integrate your bot?

Facebook Messenger

Whatsapp

Slack

Skype

Alexa

Cortana

Google Assistant

Twilio

Telegram

Choosing NLP engine is most essential part of building bot. Your bot should be able to understand natural languages that human speaks. Popular NLP engines are,

That’s It. Now Create, Customize, Test and Launch.

Conclusion

In conclusion, there are plenty of advantages identified in having a chatbot. Some of which have been portrayed in this post. Organizations who have the capacity to spend a considerable measure of money by which they can acquire more income with the assistance of these bots that work 24*7 without having a break. Furthermore, with new headways coming each year like AI, NLP and Machine Learning which makes the bot more clever to a point where it doesn’t need to be guided by a representative, this isn’t too far away. Thus, it is sheltered to state that the eventual fate of chatbots is brilliant and shining.