Chatbot Application: Top 10 Industries that use Chatbots by Anush Fernandes

While the market size for chatbots in 2016 reached 190.8 million US dollars, it’s estimated to reach 1.2 billion US dollars in 2025. 💡 Find out more about the different types of chatbots, and how to leverage them for your business. We developed an intuitive and engaging chatbot to increase Direct Bookings for hotels and restaurants. Sherabot was designed to engage Chatbot In Different Industries website visitors and elicit bookings directly instead of losing them to Online Travel Agencies like Trivago and BookMyTrip. Visitors can easily get information about Visa Processes, Courses, and Immigration eligibility through the chatbot. We have integrated chatbots into enterprise Customer Relationship Management software like HubSpot for other clients.

  • For example, if customers frequently call to check the delivery time of their package, it makes sense to let the chatbot handle those questions.
  • Based on those elements you can recommend products or services they are looking for.
  • They will help you understand how close your orders are to you or by what time they’ll reach your doorstep.
  • 57% of businesses said that chatbots deliver large ROIfor minimal effort.
  • HDFC Bank’s EVA chatbot is available 24 x 7 to help with banking queries.
  • Unlike other platforms, users still read 90% of the SMSes that they receive.

Customer service chatbots can help businesses to engage clients by answering FAQs and delivering context to conversations. Businesses can save support costs by speeding up response times and improving first response time which boosts user experience. Businesses deploy different types of chatbots based on their use cases starting from streamlining the business processes to enhancing customer engagement and increasing productivity. Bots help to convert users to customers, drive sales, and improve the overall consumer experience.

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The retail industry has a lot of repetitive and simple questions and customer requests. These types of requests usually can take up to 80% of the customer requests volume, and they can be covered with a chatbot in no time. If you have users worldwide, for a better customer experience, you need to provide multilingual support.

For customers, chatbots enable interactive conversation, better customer service, instant query resolution, and improved business to customer engagement. On the other hand, for businesses, chatbots lower customer support expenses, improve conversion rates, enhance customer loyalty, and generate more leads. The majority of industries are using chatbots in their various departments to ease the management and administration of business processes. Chatbots should provide a personalized omnichannel experience to users.

Chatbot Benefits

Travel chatbots are often used to make travel bookings and reservations for flights, hotels, activities, restaurants, etc. Chatbots can help your travelers find the perfect option for them, book it and even pay for it in the chatbot. Instead of using standard website pages, FAQ sections, and confirmation pages, the chatbot can provide all the information your users may need in a fun and engaging form.

Chatbot In Different Industries

With technological advances and the rise of Artificial Intelligence and conversational interfaces, consumers in all industries are more likely to interact with a bot than before. Using chatbots for onboarding, you can turn a tedious onboarding process into a fun experience and help your HR managers to save time. Your HR managers save time, and your new employees get their personal digital onboarding friend. They can also help generate leads and sales by helping customers find the right products.

Natural Language Processing (NLP) Chatbots

This transforms the banking experience for the clients and most of them want to have the possibility to use digital channels to interact with the bank. In fact, about 61% of banking consumers interact weekly with their banks on digital channels. Imagine that a patient has some unusual symptoms and doesn’t know what’s wrong. Before they panic or call in to have a visit with you, they can go on your app and ask the chatbot for medical assistance.

Chatbot In Different Industries

Your chatbot can show options for either chatting with an available operator or scheduling a callback where an agent would get back soon to the customer. Another popular chatbot usage is its ability to capture customer feedback once a chat ends. They can ask open-ended questions or share a feedback form in the chat widget. This helps you understand if the customers were happy with your chatbot’s performance. Your chatbots can help your customers submit the return request and create a ticket that gives regular updates on the return process.

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Nowadays, whenever we read any marketing and advertising article, we tend to encounter the term customer engagement. With bots becoming smarter, there will be new avenues where we can see more chatbot use cases for making the customer communication process seamless in startups as well as enterprises. The users who book tickets on BookMyShow will be notified through a WhatsApp message along with the confirmation text or an M-ticket QR Code.

What are the Leading AI Chatbots?

Alexa for Business

• HubSpot Live Chat

• ProProfs

• Tidio

• Mitsuku – Pandorabot

• Botsify Salesforce Einstein

• WP-Chatbot

REVE Chat offers a range of feature-rich customer support tools including live chat and chatbots that can help transform your customer support. Sign up to get the best support software for your business and enhance customer experience with your brand. Gone are the days when we spent days looking for recommendations on travel guides! Travel websites are seeing lower usage these days as more and more travelers go mobile to plan their trips. Chatbots can answer questions and provide advice and recommendations in real-time. Instead of booking a hotel, weeks in advance, users can now text a chatbot for hotel information and book a stay the day before they leave.

Chatbot use case #5: A regional airline

You can increase your sales if your prospects or existing customers have access to the right recommendation. Thankfully, chatbots help you show product recommendations before and during an ongoing chat. Service chatbots have become popular among eCommerce business owners for this sole reason.

  • Bloom Avenue’s Olivia, Facebook Messenger chatbot is the best example.
  • The manufacturer is having difficulties with assembly for one of your new products.
  • Is a chatbot launched by JP Morgan Chase that manages back-office operations.
  • They will keep recommending products until the shopper is satisfied with the combinations they suggest.
  • The chatbot ecosystem is quickly expanding despite the relatively robust ecosystem that currently exists.
  • This is an example of what a chatbot can do in the sales segment for generating new leads.

Chatbots can serve as internal help desk support by getting data from customer conversations and assisting agents with answering shoppers’ queries. Bots can analyze each conversation for specific data extraction like customer information and used keywords. And it won’t harm the customer satisfaction your online store provides as our study on the current chatbot trends found that over 70% of buyers have a positive experience using chatbots. A similar company, babylon health, earlier this year teamed up with the NHS to create a new app that helps perform triage for non-emergency conditions. Through the app, which was being made available to some 1.2 million residents of London, users can receive advice from a chatbot instead of an NHS 111 operator. “It’s still early days, but we believe chatbots will ultimately have a profound impact on our digital lives,” he explained.

  • Chatbots can use predictive analytics and cognitive messages to perform tasks ranging from making payments to repaying loans, and even advising customers of personalized savings opportunities.
  • You can also add the element of gamification and send fun quizzes and surveys via the chatbot that will boost the completion rates.
  • Let’s start by looking at chatbot use cases across different business functions.
  • In fact, as you’ll see from the examples below, chatbots have become an integral part of the customer journey.
  • From the palm of one hand, customers can transfer funds, exchange details, authenticate and conduct transactions, with a cup of coffee in the other.
  • They sent out weather updates, itinerary changes, and outerwear suggestions in real-time.

Or someone who enquires about service and is showing interest in the same. Healthcare chatbots help in automating all the repetitive, and lower-level tasks of the medical representatives. While bots handle simple tasks seamlessly, healthcare professionals can focus more on complex tasks effectively. Conversational chatbots are a win over rule-based bots in the identification of user context and intention. They can thus decipher a user’s query and deliver a personalized experience. Here we will discuss what are the different types of chatbots, their applications, and their functionalities.

Failing to deliver the right information at the right time is effects sales and customer satisfaction. Intelligent chatbots are a great to deliver these updates and improve customer communication. Intelligent chatbots study user interactions and develop a behavioral map learn from each interaction and improve future experiences. So, automobile dealerships are now transforming their approach with AI-powered chatbots by integrating them across multiple channels for a unified customer experience. They are using the predictive intelligence and data segmentation capabilities of AI to find, track, and nurture leads. Gartner predicts that chatbots will replace 25% of customer service interactions by 2020 and these customers will manage 85% of their business relationships without interacting with people.

Why chatbots are used by companies?

Chatbots can automate tasks performed frequently and at specific times. This gives employees time to focus on more important tasks and prevents customers from waiting to receive responses. Proactive customer interaction.

Chatbots can engage with your customers with immediate responses and increase customer satisfaction, which makes them happy to retain your brand. Can create exceptional conversational experiences for website visitors and qualify them at scale. The leads are then directed to the right sales rep for closing sales immediately or booking an appointment.

Chatbot In Different Industries

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