SlideShare une entreprise Scribd logo
1  sur  4
Télécharger pour lire hors ligne
4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium
https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 1/4
How chatbots will bene t businesses?
venkat vajradhar
Apr 23 · 4 min read
The topic of conversation organization usually focuses on customer service in B2B
environments. However, with advanced chatbots and virtual assistants today thanks to
machine learning and natural language processing, companies are looking to deploy
them internally to increase operational efficiency.
Virtual Assistant is a software application that works for a person. Many people call
them chatbots or bots.
Integration with enterprise applications:
Most of us are already familiar with the popular virtual assistants programmed on our
smartphones or speakers like Apple’s Siri and Amazon Echo (Alexa). On the enterprise
side, we have already seen leading SaaS companies to incorporate popular messaging
bots into their apps such as Facebook Messenger. Major ERP providers such as SAP and
Oracle are developing virtual assistants for their user interfaces.
4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium
https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 2/4
Some of the Bots are can answer customer queries and query the fulfillment system to
bring up order information. Like other customer service bots, Einstein Bot helps solve
high-volume, repetitive queries and allows customer service to focus on more complex,
subtle requests. It increases operational efficiency, improves customer engagement,
and gives customer service staff greater job satisfaction.
Based on the research of The State of Chatbots, to track consumer preferences and
potential use cases, as shown below:
Project management:
With sophisticated #AI and cognitive computing capabilities, chatbots can track
internal data and customer interactions to help internal operations and project
managers make assumptions.
Large-scale projects typically have multiple internal divisions in different geographies.
Shareholders often spend a lot of time tracking status updates from their peers,
customers, and vendors.
For example, a project manager in Los Angeles may need a landmark update from their
counterpart in Bangalore and wait 24 hours to receive a response. However, if relevant
information is stored on internal systems, the chatbot can instantly retrieve the
response.
While bots cannot address major product delays or strategic challenges, they can
certainly reduce response time and email volume, creating arbitrary delays.
Accounting:
4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium
https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 3/4
While #virtual assistants may not get to the more complex areas of accounting, they
can certainly help automate repetitive, simple tasks. In their current position, virtual
assistants take on the role of administrative support in accounting.
They also help simplify workflows and minimize administrative tasks. A chatbot can
ask straightforward questions about a customer’s credit limit such as a D&B report or
payment status.
To know also about: Top Seven (7) Types of Artificial Intelligence
With further advances in AI, chatbots can evolve beyond purely transactional tasks and
offer suggestions given the internally stored accounting data.
Human resources:
In the digital age, the recruitment process is becoming data-driven. With hundreds of
applicants sometimes applying for the same position, the chatbot helps the screening
process by asking some basic background questions that are needed for a given
position.
This type of automation can be a great help for companies that hire seasonal or
temporary workers, such as retail and distribution centers.
#Chatbots also help in fielding HR FAQs for employees. Some people may feel
comfortable asking sensitive HR questions to the chatbot as opposed to contacting the
manager.
To know about: How To Make AI Voice Assistant Apps For Android?
Entering benefits is one of the most frustrating parts of HR. Employees often spend a
lot of time sifting through information and understanding the needs. Chatbot queries
can help clarify some tilted areas in registering benefits.
Due to the personal nature of HR and the legal sensitivity of shared information,
chatbots can prove to be a difficult area for HR to implement. While they may help
increase operational efficiency, companies need to move forward cautiously.
Self-service for general IT:
Reducing strategic IT work is a big priority for most organizations. IT resources don’t
come cheap. You don’t want your IT staff to spend hours helping reset passwords or
4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium
https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 4/4
helping employees locate a task manager.
For non-IT employees, stopping work to wait for someone to solve a common problem
can interfere with time-critical tasks.
Similar to customer service bots, IT bots can help increase the job satisfaction of IT
workers who are tired of hitting Ctrl + Alt + Del. They can spend more time on large,
strategic projects and lend their skills to high-value projects.
At least one European bank uses chatbots for identity management and knowledge
management. There is no doubt that more cases of abuse will emerge.
Almost all industries can benefit from implementing virtual assistants for internal use.
Leading consulting firms and tech journals routinely cite banking, hospitality, travel,
health care, and logistics as the best candidates for bot expansion.
Chatbots can eliminate some tedious and repetitive tasks of every position, from
attorneys to# customer service representatives to accounting managers.
Companies should start looking at virtual assistants that will increase productivity
shortly while reducing overheads and improving overall employee satisfaction.
Chatbots Business Arti cial Intelligence Voice Assistant B2B
About Help Legal
Get the Medium app

Contenu connexe

Tendances

Chatbot FAQs – The Most Common Chatbot Questions Answered!
Chatbot FAQs – The Most Common Chatbot Questions Answered!Chatbot FAQs – The Most Common Chatbot Questions Answered!
Chatbot FAQs – The Most Common Chatbot Questions Answered!Onlim GmbH
 
Identity Management as an Enabler for Digital Transformation
Identity Management as an Enabler for Digital TransformationIdentity Management as an Enabler for Digital Transformation
Identity Management as an Enabler for Digital TransformationCarlos Sousa
 
Unravelling the power of ai to improve customer experience
Unravelling the power of ai to improve customer experienceUnravelling the power of ai to improve customer experience
Unravelling the power of ai to improve customer experienceEnterprise Bot
 
Tech. 2017 predictions presentation for meetups
Tech. 2017 predictions presentation for meetupsTech. 2017 predictions presentation for meetups
Tech. 2017 predictions presentation for meetupsSumant Parimal
 
Enhancing Desirability: Five Considerations for Winning Digital Initiatives
Enhancing Desirability: Five Considerations for Winning Digital InitiativesEnhancing Desirability: Five Considerations for Winning Digital Initiatives
Enhancing Desirability: Five Considerations for Winning Digital InitiativesCognizant
 
Digital transformation in banking - PiServe
Digital transformation in banking - PiServeDigital transformation in banking - PiServe
Digital transformation in banking - PiServeJo Matt
 
How conversational voice ai is reshaping the banking industry final
How conversational voice ai is reshaping the banking industry finalHow conversational voice ai is reshaping the banking industry final
How conversational voice ai is reshaping the banking industry finalAgara
 
Mezi raises $9 million from nexus venture, saama capital, others
Mezi raises $9 million from nexus venture, saama capital, othersMezi raises $9 million from nexus venture, saama capital, others
Mezi raises $9 million from nexus venture, saama capital, otherseTailing India
 
DIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTING
DIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTINGDIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTING
DIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTINGijccsa
 
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...Digital Engineering: Top Three Imperatives for Banks and Financial Services C...
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...Cognizant
 
Digital transformation of the banking industry
Digital transformation of the banking industry Digital transformation of the banking industry
Digital transformation of the banking industry Frank Schwab
 
No Code AI - How to Deploy Machine Learning Models with Zero Code?
No Code AI - How to Deploy Machine Learning Models with Zero Code?No Code AI - How to Deploy Machine Learning Models with Zero Code?
No Code AI - How to Deploy Machine Learning Models with Zero Code?Skyl.ai
 
Cloud computing 19 computing on demand
Cloud computing 19 computing on demandCloud computing 19 computing on demand
Cloud computing 19 computing on demandVaibhav Khanna
 
Accelerating the Open Banking API Journey
Accelerating the Open Banking API JourneyAccelerating the Open Banking API Journey
Accelerating the Open Banking API JourneySheriff Shitu
 
Role of emerging technologies in Banking Operations
Role of emerging technologies in Banking OperationsRole of emerging technologies in Banking Operations
Role of emerging technologies in Banking OperationsPrashanth Ravada
 
6 use cases of machine learning in Finance
6 use cases of machine learning in Finance 6 use cases of machine learning in Finance
6 use cases of machine learning in Finance Swathi Young
 
The Digital Bank and the Branch
The Digital Bank and the BranchThe Digital Bank and the Branch
The Digital Bank and the BranchTanya Ahmed
 
AI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's NextAI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's NextDaniel Faggella
 

Tendances (20)

Chatbot FAQs – The Most Common Chatbot Questions Answered!
Chatbot FAQs – The Most Common Chatbot Questions Answered!Chatbot FAQs – The Most Common Chatbot Questions Answered!
Chatbot FAQs – The Most Common Chatbot Questions Answered!
 
Identity Management as an Enabler for Digital Transformation
Identity Management as an Enabler for Digital TransformationIdentity Management as an Enabler for Digital Transformation
Identity Management as an Enabler for Digital Transformation
 
Unravelling the power of ai to improve customer experience
Unravelling the power of ai to improve customer experienceUnravelling the power of ai to improve customer experience
Unravelling the power of ai to improve customer experience
 
Tech. 2017 predictions presentation for meetups
Tech. 2017 predictions presentation for meetupsTech. 2017 predictions presentation for meetups
Tech. 2017 predictions presentation for meetups
 
Enhancing Desirability: Five Considerations for Winning Digital Initiatives
Enhancing Desirability: Five Considerations for Winning Digital InitiativesEnhancing Desirability: Five Considerations for Winning Digital Initiatives
Enhancing Desirability: Five Considerations for Winning Digital Initiatives
 
Digital transformation in banking - PiServe
Digital transformation in banking - PiServeDigital transformation in banking - PiServe
Digital transformation in banking - PiServe
 
How conversational voice ai is reshaping the banking industry final
How conversational voice ai is reshaping the banking industry finalHow conversational voice ai is reshaping the banking industry final
How conversational voice ai is reshaping the banking industry final
 
Mezi raises $9 million from nexus venture, saama capital, others
Mezi raises $9 million from nexus venture, saama capital, othersMezi raises $9 million from nexus venture, saama capital, others
Mezi raises $9 million from nexus venture, saama capital, others
 
DIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTING
DIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTINGDIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTING
DIGITAL BANKING - ARCHITECTURE STRATEGIES USING CLOUD COMPUTING
 
CCaaS Takes Center Stage
CCaaS Takes Center StageCCaaS Takes Center Stage
CCaaS Takes Center Stage
 
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...Digital Engineering: Top Three Imperatives for Banks and Financial Services C...
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...
 
direct intranet article
direct intranet articledirect intranet article
direct intranet article
 
Digital transformation of the banking industry
Digital transformation of the banking industry Digital transformation of the banking industry
Digital transformation of the banking industry
 
No Code AI - How to Deploy Machine Learning Models with Zero Code?
No Code AI - How to Deploy Machine Learning Models with Zero Code?No Code AI - How to Deploy Machine Learning Models with Zero Code?
No Code AI - How to Deploy Machine Learning Models with Zero Code?
 
Cloud computing 19 computing on demand
Cloud computing 19 computing on demandCloud computing 19 computing on demand
Cloud computing 19 computing on demand
 
Accelerating the Open Banking API Journey
Accelerating the Open Banking API JourneyAccelerating the Open Banking API Journey
Accelerating the Open Banking API Journey
 
Role of emerging technologies in Banking Operations
Role of emerging technologies in Banking OperationsRole of emerging technologies in Banking Operations
Role of emerging technologies in Banking Operations
 
6 use cases of machine learning in Finance
6 use cases of machine learning in Finance 6 use cases of machine learning in Finance
6 use cases of machine learning in Finance
 
The Digital Bank and the Branch
The Digital Bank and the BranchThe Digital Bank and the Branch
The Digital Bank and the Branch
 
AI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's NextAI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's Next
 

Similaire à How chatbots will benefit businesses venkat vajradhar - medium

deloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdfdeloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdfShujatAli47
 
deloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdfdeloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdfSandeep Ram
 
Chatbots - The Next Generation Technology
Chatbots - The Next Generation TechnologyChatbots - The Next Generation Technology
Chatbots - The Next Generation Technologyaakash malhotra
 
A guide to choosing an enterprise bot builder platform
A guide to choosing an enterprise bot builder platformA guide to choosing an enterprise bot builder platform
A guide to choosing an enterprise bot builder platformGina Shaw
 
Popular uses of chatbot app development in various industries
Popular uses of chatbot app development in various industriesPopular uses of chatbot app development in various industries
Popular uses of chatbot app development in various industriesAndroid Developer
 
Empower Your Business with Thatware io's Chatbot Services.pdf
Empower Your Business with Thatware io's Chatbot Services.pdfEmpower Your Business with Thatware io's Chatbot Services.pdf
Empower Your Business with Thatware io's Chatbot Services.pdfThatwareio1
 
Service Desk Artificial Intelligence: Separating Fact From Fiction
Service Desk Artificial Intelligence: Separating Fact From FictionService Desk Artificial Intelligence: Separating Fact From Fiction
Service Desk Artificial Intelligence: Separating Fact From FictionAlphanumeric Systems, Inc.
 
Empowering your it service management with it helpdesk chatbots
Empowering your it service management with it helpdesk chatbotsEmpowering your it service management with it helpdesk chatbots
Empowering your it service management with it helpdesk chatbotsEnterprise Bot
 
Empower Your Website with Chatbot Services from Thatwareio
Empower Your Website with Chatbot Services from ThatwareioEmpower Your Website with Chatbot Services from Thatwareio
Empower Your Website with Chatbot Services from ThatwareioThatwareio1
 
Unlock Efficiency and Growth with our Advanced Chatbot Services
Unlock Efficiency and Growth with our Advanced Chatbot Services Unlock Efficiency and Growth with our Advanced Chatbot Services
Unlock Efficiency and Growth with our Advanced Chatbot Services ThatwareIO
 
6 Ways To Use Artificial Intelligence In Your Business
6 Ways To Use Artificial Intelligence In Your Business6 Ways To Use Artificial Intelligence In Your Business
6 Ways To Use Artificial Intelligence In Your Businessvenkatvajradhar1
 
Optisol-chatbots-for-organizations-white-paper
Optisol-chatbots-for-organizations-white-paperOptisol-chatbots-for-organizations-white-paper
Optisol-chatbots-for-organizations-white-paperOptiSol Business Solutions
 
How a chatbot can combine rpa, ai, and erp venkat k - medium
How a chatbot can combine rpa, ai, and erp   venkat k - mediumHow a chatbot can combine rpa, ai, and erp   venkat k - medium
How a chatbot can combine rpa, ai, and erp venkat k - mediumusmsystem
 
Why the telecom industry needs conversational chatbots ?
Why the telecom industry needs conversational chatbots ?Why the telecom industry needs conversational chatbots ?
Why the telecom industry needs conversational chatbots ?venkatvajradhar1
 
Leveraging Chatbots Into The E-commerce World
Leveraging Chatbots Into The E-commerce World Leveraging Chatbots Into The E-commerce World
Leveraging Chatbots Into The E-commerce World aNumak & Company
 
Conversational AI 101-The Ecosystem at a Glance
Conversational AI 101-The Ecosystem at a GlanceConversational AI 101-The Ecosystem at a Glance
Conversational AI 101-The Ecosystem at a GlanceCapital Numbers
 
Chatbots to Disrupt Contact Centres
Chatbots to Disrupt Contact Centres Chatbots to Disrupt Contact Centres
Chatbots to Disrupt Contact Centres Joe Tawfik
 
Enhance User Engagement and Support with AI-Powered Chatbot Services
Enhance User Engagement and Support with AI-Powered Chatbot Services Enhance User Engagement and Support with AI-Powered Chatbot Services
Enhance User Engagement and Support with AI-Powered Chatbot Services ThatwareIO
 

Similaire à How chatbots will benefit businesses venkat vajradhar - medium (20)

deloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdfdeloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdf
 
deloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdfdeloitte-nl-chatbots-moving-beyond-the-hype.pdf
deloitte-nl-chatbots-moving-beyond-the-hype.pdf
 
Chatbots - The Next Generation Technology
Chatbots - The Next Generation TechnologyChatbots - The Next Generation Technology
Chatbots - The Next Generation Technology
 
A guide to choosing an enterprise bot builder platform
A guide to choosing an enterprise bot builder platformA guide to choosing an enterprise bot builder platform
A guide to choosing an enterprise bot builder platform
 
Popular uses of chatbot app development in various industries
Popular uses of chatbot app development in various industriesPopular uses of chatbot app development in various industries
Popular uses of chatbot app development in various industries
 
Empower Your Business with Thatware io's Chatbot Services.pdf
Empower Your Business with Thatware io's Chatbot Services.pdfEmpower Your Business with Thatware io's Chatbot Services.pdf
Empower Your Business with Thatware io's Chatbot Services.pdf
 
Service Desk Artificial Intelligence: Separating Fact From Fiction
Service Desk Artificial Intelligence: Separating Fact From FictionService Desk Artificial Intelligence: Separating Fact From Fiction
Service Desk Artificial Intelligence: Separating Fact From Fiction
 
Empowering your it service management with it helpdesk chatbots
Empowering your it service management with it helpdesk chatbotsEmpowering your it service management with it helpdesk chatbots
Empowering your it service management with it helpdesk chatbots
 
Transforming Customer Service with AI-Powered Chatbots
Transforming Customer Service with AI-Powered ChatbotsTransforming Customer Service with AI-Powered Chatbots
Transforming Customer Service with AI-Powered Chatbots
 
Empower Your Website with Chatbot Services from Thatwareio
Empower Your Website with Chatbot Services from ThatwareioEmpower Your Website with Chatbot Services from Thatwareio
Empower Your Website with Chatbot Services from Thatwareio
 
Unlock Efficiency and Growth with our Advanced Chatbot Services
Unlock Efficiency and Growth with our Advanced Chatbot Services Unlock Efficiency and Growth with our Advanced Chatbot Services
Unlock Efficiency and Growth with our Advanced Chatbot Services
 
6 Ways To Use Artificial Intelligence In Your Business
6 Ways To Use Artificial Intelligence In Your Business6 Ways To Use Artificial Intelligence In Your Business
6 Ways To Use Artificial Intelligence In Your Business
 
Optisol-chatbots-for-organizations-white-paper
Optisol-chatbots-for-organizations-white-paperOptisol-chatbots-for-organizations-white-paper
Optisol-chatbots-for-organizations-white-paper
 
Chat Bots
Chat BotsChat Bots
Chat Bots
 
How a chatbot can combine rpa, ai, and erp venkat k - medium
How a chatbot can combine rpa, ai, and erp   venkat k - mediumHow a chatbot can combine rpa, ai, and erp   venkat k - medium
How a chatbot can combine rpa, ai, and erp venkat k - medium
 
Why the telecom industry needs conversational chatbots ?
Why the telecom industry needs conversational chatbots ?Why the telecom industry needs conversational chatbots ?
Why the telecom industry needs conversational chatbots ?
 
Leveraging Chatbots Into The E-commerce World
Leveraging Chatbots Into The E-commerce World Leveraging Chatbots Into The E-commerce World
Leveraging Chatbots Into The E-commerce World
 
Conversational AI 101-The Ecosystem at a Glance
Conversational AI 101-The Ecosystem at a GlanceConversational AI 101-The Ecosystem at a Glance
Conversational AI 101-The Ecosystem at a Glance
 
Chatbots to Disrupt Contact Centres
Chatbots to Disrupt Contact Centres Chatbots to Disrupt Contact Centres
Chatbots to Disrupt Contact Centres
 
Enhance User Engagement and Support with AI-Powered Chatbot Services
Enhance User Engagement and Support with AI-Powered Chatbot Services Enhance User Engagement and Support with AI-Powered Chatbot Services
Enhance User Engagement and Support with AI-Powered Chatbot Services
 

Plus de venkatvajradhar1

DARK SIDE OF ARTIFICIAL INTELLIGENCE
DARK SIDE OF ARTIFICIAL INTELLIGENCEDARK SIDE OF ARTIFICIAL INTELLIGENCE
DARK SIDE OF ARTIFICIAL INTELLIGENCEvenkatvajradhar1
 
5 g driving the evolution of ai venkat vajradhar - medium
5 g driving the evolution of ai   venkat vajradhar - medium5 g driving the evolution of ai   venkat vajradhar - medium
5 g driving the evolution of ai venkat vajradhar - mediumvenkatvajradhar1
 
How AI Can Improve Your Security System?
How AI Can Improve Your Security System?How AI Can Improve Your Security System?
How AI Can Improve Your Security System?venkatvajradhar1
 
How we successfully implemented ai in audit by venkat vajradhar _ dec, 202...
How we successfully implemented ai in audit    by venkat vajradhar _ dec, 202...How we successfully implemented ai in audit    by venkat vajradhar _ dec, 202...
How we successfully implemented ai in audit by venkat vajradhar _ dec, 202...venkatvajradhar1
 
AI, 5G, and IoT top the list of the most important technologies for 2021
AI, 5G, and IoT top the list of the most important technologies for 2021AI, 5G, and IoT top the list of the most important technologies for 2021
AI, 5G, and IoT top the list of the most important technologies for 2021venkatvajradhar1
 
Benefits of AI in the banking industry-1
Benefits of AI in the banking industry-1Benefits of AI in the banking industry-1
Benefits of AI in the banking industry-1venkatvajradhar1
 
How Machine Learning Can Detect Medicare Fraud
How Machine Learning Can Detect Medicare FraudHow Machine Learning Can Detect Medicare Fraud
How Machine Learning Can Detect Medicare Fraudvenkatvajradhar1
 
Artificial Intelligence Vs Machine Learning Vs Deep Learning
Artificial Intelligence Vs Machine Learning Vs Deep LearningArtificial Intelligence Vs Machine Learning Vs Deep Learning
Artificial Intelligence Vs Machine Learning Vs Deep Learningvenkatvajradhar1
 
How AI Can Improve Your Security System?
How AI Can Improve Your Security System?How AI Can Improve Your Security System?
How AI Can Improve Your Security System?venkatvajradhar1
 
9 powerful examples of artificial intelligence in use today by venkat vajra...
9 powerful examples of artificial intelligence in use today   by venkat vajra...9 powerful examples of artificial intelligence in use today   by venkat vajra...
9 powerful examples of artificial intelligence in use today by venkat vajra...venkatvajradhar1
 
Future of artificial intelligence in the banking sector (part 1) by venkat ...
Future of artificial intelligence in the banking sector (part 1)   by venkat ...Future of artificial intelligence in the banking sector (part 1)   by venkat ...
Future of artificial intelligence in the banking sector (part 1) by venkat ...venkatvajradhar1
 
Another Top 9Key feature in Android 11 which will Redefine Mobile Applications
Another Top 9Key feature in Android 11 which will Redefine Mobile ApplicationsAnother Top 9Key feature in Android 11 which will Redefine Mobile Applications
Another Top 9Key feature in Android 11 which will Redefine Mobile Applicationsvenkatvajradhar1
 
Another top 5 industries that stand to benefit most from blockchain by venk...
Another top 5 industries that stand to benefit most from blockchain   by venk...Another top 5 industries that stand to benefit most from blockchain   by venk...
Another top 5 industries that stand to benefit most from blockchain by venk...venkatvajradhar1
 
ARTIFICIAL INTELLIGENCE IN CYBER-SECURITY
ARTIFICIAL INTELLIGENCE IN CYBER-SECURITYARTIFICIAL INTELLIGENCE IN CYBER-SECURITY
ARTIFICIAL INTELLIGENCE IN CYBER-SECURITYvenkatvajradhar1
 
5G Driving the Evolution of AI
5G Driving the Evolution of AI5G Driving the Evolution of AI
5G Driving the Evolution of AIvenkatvajradhar1
 
How Artificial Intelligence Will Change in 2050?
How Artificial Intelligence Will Change in 2050?How Artificial Intelligence Will Change in 2050?
How Artificial Intelligence Will Change in 2050?venkatvajradhar1
 
9 powerful examples of artificial intelligence in use today by venkat vajra...
9 powerful examples of artificial intelligence in use today   by venkat vajra...9 powerful examples of artificial intelligence in use today   by venkat vajra...
9 powerful examples of artificial intelligence in use today by venkat vajra...venkatvajradhar1
 
New expectations for ai. intro by venkat vajradhar _ medium
New expectations for ai. intro    by venkat vajradhar _ mediumNew expectations for ai. intro    by venkat vajradhar _ medium
New expectations for ai. intro by venkat vajradhar _ mediumvenkatvajradhar1
 

Plus de venkatvajradhar1 (20)

DARK SIDE OF ARTIFICIAL INTELLIGENCE
DARK SIDE OF ARTIFICIAL INTELLIGENCEDARK SIDE OF ARTIFICIAL INTELLIGENCE
DARK SIDE OF ARTIFICIAL INTELLIGENCE
 
5 g driving the evolution of ai venkat vajradhar - medium
5 g driving the evolution of ai   venkat vajradhar - medium5 g driving the evolution of ai   venkat vajradhar - medium
5 g driving the evolution of ai venkat vajradhar - medium
 
AI in Hacking
AI in HackingAI in Hacking
AI in Hacking
 
How AI Can Improve Your Security System?
How AI Can Improve Your Security System?How AI Can Improve Your Security System?
How AI Can Improve Your Security System?
 
How we successfully implemented ai in audit by venkat vajradhar _ dec, 202...
How we successfully implemented ai in audit    by venkat vajradhar _ dec, 202...How we successfully implemented ai in audit    by venkat vajradhar _ dec, 202...
How we successfully implemented ai in audit by venkat vajradhar _ dec, 202...
 
AI, 5G, and IoT top the list of the most important technologies for 2021
AI, 5G, and IoT top the list of the most important technologies for 2021AI, 5G, and IoT top the list of the most important technologies for 2021
AI, 5G, and IoT top the list of the most important technologies for 2021
 
Benefits of AI in the banking industry-1
Benefits of AI in the banking industry-1Benefits of AI in the banking industry-1
Benefits of AI in the banking industry-1
 
How Machine Learning Can Detect Medicare Fraud
How Machine Learning Can Detect Medicare FraudHow Machine Learning Can Detect Medicare Fraud
How Machine Learning Can Detect Medicare Fraud
 
AI App Development
AI App DevelopmentAI App Development
AI App Development
 
Artificial Intelligence Vs Machine Learning Vs Deep Learning
Artificial Intelligence Vs Machine Learning Vs Deep LearningArtificial Intelligence Vs Machine Learning Vs Deep Learning
Artificial Intelligence Vs Machine Learning Vs Deep Learning
 
How AI Can Improve Your Security System?
How AI Can Improve Your Security System?How AI Can Improve Your Security System?
How AI Can Improve Your Security System?
 
9 powerful examples of artificial intelligence in use today by venkat vajra...
9 powerful examples of artificial intelligence in use today   by venkat vajra...9 powerful examples of artificial intelligence in use today   by venkat vajra...
9 powerful examples of artificial intelligence in use today by venkat vajra...
 
Future of artificial intelligence in the banking sector (part 1) by venkat ...
Future of artificial intelligence in the banking sector (part 1)   by venkat ...Future of artificial intelligence in the banking sector (part 1)   by venkat ...
Future of artificial intelligence in the banking sector (part 1) by venkat ...
 
Another Top 9Key feature in Android 11 which will Redefine Mobile Applications
Another Top 9Key feature in Android 11 which will Redefine Mobile ApplicationsAnother Top 9Key feature in Android 11 which will Redefine Mobile Applications
Another Top 9Key feature in Android 11 which will Redefine Mobile Applications
 
Another top 5 industries that stand to benefit most from blockchain by venk...
Another top 5 industries that stand to benefit most from blockchain   by venk...Another top 5 industries that stand to benefit most from blockchain   by venk...
Another top 5 industries that stand to benefit most from blockchain by venk...
 
ARTIFICIAL INTELLIGENCE IN CYBER-SECURITY
ARTIFICIAL INTELLIGENCE IN CYBER-SECURITYARTIFICIAL INTELLIGENCE IN CYBER-SECURITY
ARTIFICIAL INTELLIGENCE IN CYBER-SECURITY
 
5G Driving the Evolution of AI
5G Driving the Evolution of AI5G Driving the Evolution of AI
5G Driving the Evolution of AI
 
How Artificial Intelligence Will Change in 2050?
How Artificial Intelligence Will Change in 2050?How Artificial Intelligence Will Change in 2050?
How Artificial Intelligence Will Change in 2050?
 
9 powerful examples of artificial intelligence in use today by venkat vajra...
9 powerful examples of artificial intelligence in use today   by venkat vajra...9 powerful examples of artificial intelligence in use today   by venkat vajra...
9 powerful examples of artificial intelligence in use today by venkat vajra...
 
New expectations for ai. intro by venkat vajradhar _ medium
New expectations for ai. intro    by venkat vajradhar _ mediumNew expectations for ai. intro    by venkat vajradhar _ medium
New expectations for ai. intro by venkat vajradhar _ medium
 

Dernier

Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024The Digital Insurer
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationMichael W. Hawkins
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptxHampshireHUG
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)wesley chun
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsEnterprise Knowledge
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slidevu2urc
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEarley Information Science
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsMaria Levchenko
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024The Digital Insurer
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerThousandEyes
 
Evaluating the top large language models.pdf
Evaluating the top large language models.pdfEvaluating the top large language models.pdf
Evaluating the top large language models.pdfChristopherTHyatt
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...Martijn de Jong
 
What Are The Drone Anti-jamming Systems Technology?
What Are The Drone Anti-jamming Systems Technology?What Are The Drone Anti-jamming Systems Technology?
What Are The Drone Anti-jamming Systems Technology?Antenna Manufacturer Coco
 
Artificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsArtificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsJoaquim Jorge
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...apidays
 
Tech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfTech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfhans926745
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Miguel Araújo
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 

Dernier (20)

Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day Presentation
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
Evaluating the top large language models.pdf
Evaluating the top large language models.pdfEvaluating the top large language models.pdf
Evaluating the top large language models.pdf
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
What Are The Drone Anti-jamming Systems Technology?
What Are The Drone Anti-jamming Systems Technology?What Are The Drone Anti-jamming Systems Technology?
What Are The Drone Anti-jamming Systems Technology?
 
Artificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsArtificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and Myths
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
Tech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfTech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdf
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 

How chatbots will benefit businesses venkat vajradhar - medium

  • 1. 4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 1/4 How chatbots will bene t businesses? venkat vajradhar Apr 23 · 4 min read The topic of conversation organization usually focuses on customer service in B2B environments. However, with advanced chatbots and virtual assistants today thanks to machine learning and natural language processing, companies are looking to deploy them internally to increase operational efficiency. Virtual Assistant is a software application that works for a person. Many people call them chatbots or bots. Integration with enterprise applications: Most of us are already familiar with the popular virtual assistants programmed on our smartphones or speakers like Apple’s Siri and Amazon Echo (Alexa). On the enterprise side, we have already seen leading SaaS companies to incorporate popular messaging bots into their apps such as Facebook Messenger. Major ERP providers such as SAP and Oracle are developing virtual assistants for their user interfaces.
  • 2. 4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 2/4 Some of the Bots are can answer customer queries and query the fulfillment system to bring up order information. Like other customer service bots, Einstein Bot helps solve high-volume, repetitive queries and allows customer service to focus on more complex, subtle requests. It increases operational efficiency, improves customer engagement, and gives customer service staff greater job satisfaction. Based on the research of The State of Chatbots, to track consumer preferences and potential use cases, as shown below: Project management: With sophisticated #AI and cognitive computing capabilities, chatbots can track internal data and customer interactions to help internal operations and project managers make assumptions. Large-scale projects typically have multiple internal divisions in different geographies. Shareholders often spend a lot of time tracking status updates from their peers, customers, and vendors. For example, a project manager in Los Angeles may need a landmark update from their counterpart in Bangalore and wait 24 hours to receive a response. However, if relevant information is stored on internal systems, the chatbot can instantly retrieve the response. While bots cannot address major product delays or strategic challenges, they can certainly reduce response time and email volume, creating arbitrary delays. Accounting:
  • 3. 4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 3/4 While #virtual assistants may not get to the more complex areas of accounting, they can certainly help automate repetitive, simple tasks. In their current position, virtual assistants take on the role of administrative support in accounting. They also help simplify workflows and minimize administrative tasks. A chatbot can ask straightforward questions about a customer’s credit limit such as a D&B report or payment status. To know also about: Top Seven (7) Types of Artificial Intelligence With further advances in AI, chatbots can evolve beyond purely transactional tasks and offer suggestions given the internally stored accounting data. Human resources: In the digital age, the recruitment process is becoming data-driven. With hundreds of applicants sometimes applying for the same position, the chatbot helps the screening process by asking some basic background questions that are needed for a given position. This type of automation can be a great help for companies that hire seasonal or temporary workers, such as retail and distribution centers. #Chatbots also help in fielding HR FAQs for employees. Some people may feel comfortable asking sensitive HR questions to the chatbot as opposed to contacting the manager. To know about: How To Make AI Voice Assistant Apps For Android? Entering benefits is one of the most frustrating parts of HR. Employees often spend a lot of time sifting through information and understanding the needs. Chatbot queries can help clarify some tilted areas in registering benefits. Due to the personal nature of HR and the legal sensitivity of shared information, chatbots can prove to be a difficult area for HR to implement. While they may help increase operational efficiency, companies need to move forward cautiously. Self-service for general IT: Reducing strategic IT work is a big priority for most organizations. IT resources don’t come cheap. You don’t want your IT staff to spend hours helping reset passwords or
  • 4. 4/23/2020 How chatbots will benefit businesses? - venkat vajradhar - Medium https://medium.com/@pvvajradhar/how-chatbots-will-benefit-businesses-f2ab4e588bb9 4/4 helping employees locate a task manager. For non-IT employees, stopping work to wait for someone to solve a common problem can interfere with time-critical tasks. Similar to customer service bots, IT bots can help increase the job satisfaction of IT workers who are tired of hitting Ctrl + Alt + Del. They can spend more time on large, strategic projects and lend their skills to high-value projects. At least one European bank uses chatbots for identity management and knowledge management. There is no doubt that more cases of abuse will emerge. Almost all industries can benefit from implementing virtual assistants for internal use. Leading consulting firms and tech journals routinely cite banking, hospitality, travel, health care, and logistics as the best candidates for bot expansion. Chatbots can eliminate some tedious and repetitive tasks of every position, from attorneys to# customer service representatives to accounting managers. Companies should start looking at virtual assistants that will increase productivity shortly while reducing overheads and improving overall employee satisfaction. Chatbots Business Arti cial Intelligence Voice Assistant B2B About Help Legal Get the Medium app