A chatbot (sometimes referred to as a chatterbot) is programming that simulates the conversation or "chatter" of a human being through text or voice interactions. Chatbot virtual assistants are increasingly being used to handle simple, look-up tasks in both business-to-consumer (B2C) and business-to-business (B2B) environments. The addition of chatbot assistants not only reduces overhead costs by making better use of support staff time, it also allows companies to provide a level of customer service during hours when live agents aren't available.
By Ina|2019-04-01T16:05:49+02:00March 21st, 2017|Categories: Automation, Chatbots & AI|Tags: AI, artificial intelligence, automated customer communication, Automation, Bot, bots, chatbot, Chatbots, Customized Chatbots, Facebook Messenger, how do chatbots work, Instant Messaging, machine learning, onlim, rules, what are chatbots|Comments Off on How Do Chatbots Work?
For as long as I can remember, email has been a fundamentally important channel for a large majority of businesses. The ability to market products directly through a channel that scales up to an incredibly high ceiling is very attractive. The only problem is that it's costing more and more money to acquire email addresses from potential customers, and the engagement from email is getting worse and worse.
Aside from being practical and time-convenient, chatbots guarantee a huge reduction in support costs. According to IBM, the influence of chatbots on CRM is staggering.  They provide a 99 percent improvement rate in response times, therefore, cutting resolution from 38 hours to five minutes. Also, they caused a massive drop in cost per query from $15-$200 (human agents) to $1 (virtual agents). Finally, virtual agents can take up an average of 30,000+ consumers per month.
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Modern chatbots are frequently used in situations in which simple interactions with only a limited range of responses are needed. This can include customer service and marketing applications, where the chatbots can provide answers to questions on topics such as products, services or company policies. If a customer's questions exceed the abilities of the chatbot, that customer is usually escalated to a human operator.
With the AI future closer to becoming a reality, companies need to begin preparing to join that reality—or risk getting left behind. Bots are a small, manageable first step toward becoming an intelligent enterprise that can make better decisions more quickly, operate more efficiently, and create the experiences that keep customers and employees engaged.

Clare.AI is a frontend assistant that provides modern online banking services. This virtual assistant combines machine learning algorithms with natural language processing. The Clare.AI algorithm is trained to respond to customer service FAQs, arrange appointments, conduct internal inquiries for IT and HR, and help customers control their finances via their favorite messaging apps (WhatsApp, Facebook, WeChat, etc.). It can even draw a chart showing customers how they’ve spent their money.
Some brands already seem to be getting the balance right. A bot needs to capture a user's attention quickly and display a healthy curiosity about their new acquaintance, but too much curiosity can easily push them into creepy territory and turn people off. They have to display more than a basic knowledge of human conversational patterns, but they can't claim to be an actual human -- again, let's keep things from getting too creepy here.
Marketing teams are increasingly interested in leveraging branded chatbots, but most struggle to deliver business value. My recently published report, Case Study: Take A Focused And Disciplined Approach To Drive Chatbot Success, shows how OCBC Bank in Singapore is bucking the trend: The bank recently created Emma, a chatbot focused on home loan leads, which […]
For starters, he was the former president of PayPal. And he once founded a mobile media monetization firm. And he also founded a company that facilitated mobile phone payments. And then he helped Facebook acquire Braintree, which invented Venmo. And then he invented Messenger’s P2P payment platform. And then he was appointed to the board of directors at Coinbase.
Whilst the payout wasn't huge within the early days of Amazon, those who got in early are now seeing huge rewards, with 38% of shoppers starting their buying journey within Amazon (source), making it the number one retail search engine. Some studies are suggesting that Amazon is responsible for 80% of e-commerce growth for publicly traded web retailers (source).
As IBM elaborates: “The front-end app you develop will interact with an AI application. That AI application — usually a hosted service — is the component that interprets user data, directs the flow of the conversation and gathers the information needed for responses. You can then implement the business logic and any other components needed to enable conversations and deliver results.”
[In] artificial intelligence ... machines are made to behave in wondrous ways, often sufficient to dazzle even the most experienced observer. But once a particular program is unmasked, once its inner workings are explained ... its magic crumbles away; it stands revealed as a mere collection of procedures ... The observer says to himself "I could have written that". With that thought he moves the program in question from the shelf marked "intelligent", to that reserved for curios ... The object of this paper is to cause just such a re-evaluation of the program about to be "explained". Few programs ever needed it more.
Interestingly, the as-yet unnamed conversational agent is currently an open-source project, meaning that anyone can contribute to the development of the bot’s codebase. The project is still in its earlier stages, but has great potential to help scientists, researchers, and care teams better understand how Alzheimer’s disease affects the brain. A Russian version of the bot is already available, and an English version is expected at some point this year.
Authentication. Users start by authenticating themselves using whatever mechanism is provided by their channel of communication with the bot. The bot framework supports many communication channels, including Cortana, Microsoft Teams, Facebook Messenger, Kik, and Slack. For a list of channels, see Connect a bot to channels. When you create a bot with Azure Bot Service, the Web Chat channel is automatically configured. This channel allows users to interact with your bot directly in a web page. You can also connect the bot to a custom app by using the Direct Line channel. The user's identity is used to provide role-based access control, as well as to serve personalized content.
Once you’ve determined these factors, you can develop the front-end web app or microservice. You might decide to integrate a chatbot into a customer support website where a customer clicks on an icon that immediately triggers a chatbot conversation. You could also integrate a chatbot into another communication channel, whether it’s Slack or Facebook Messenger. Building a “Slackbot,” for example, gives your users another way to get help or find information within a familiar interface.
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Since 2016 when Facebook allows businesses to deliver automated customer support, e-commerce guidance, content and interactive experiences through chatbots, a large variety of chatbots for Facebook Messenger platform were developed.[35] In 2016, Russia-based Tochka Bank launched the world's first Facebook bot for a range of financial services, in particularly including a possibility of making payments. [36] In July 2016, Barclays Africa also launched a Facebook chatbot, making it the first bank to do so in Africa. [37]
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