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Chatbots are Predicted to Reduce Business Costs by 2022

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Artificial Intelligence is taking businesses to another level. And chatbots is one kind of Artificial Intelligence that increases productivity and reduces costs. It was Oracle which predicted that 80% of businesses plan will be using chatbots by 2020. And it also predicted that chatbots are expected to reduce business costs by $8 billion by 2022.

Avi Benezra, who is the CTO of SnatchBot, said that chatbots really helped them cut the costs and it bumped up the conversion rates. That is why others are now adopting chatbots more rapidly.

AI technology is indeed changing every aspect of our lives. Now chatbots aren’t just about gadgets but there are also Chatbot lawyers, Chatbot therapists and more. Chatbots are also changing the business-to-consumer (B2C),  business-to business (B2B) and business-to-employee (B2E). 

For a single task a single bot is enough. The task takes place through a fixed set of scenarios in the single use bot. But when there are multiple tasks then multi-tasking bots come to play.

The Chatbot platform must provide the ability to track and streamline multiple functions simultaneously within a single task Chatbot. And it is important to have the ability to create and deploy a multi-purpose chatbot for communication. 

For multiple tasks to be performed  the chosen platform must offer pre-built bots. And these bots must be ready to deploy in order to address specific tasks. These tasks could consist of customer support, lead generation, and many more. Also the bots must be customizable. This feature makes it easy to further interactions according to the type of business you are dealing with.

The platform for the Chatbot development program must have customized user interfaces.There is a preferred channel for every Chatbot. And it could be various channels like websites, mobile apps, social media, email and SMS. Bots can also interact with Skype, Slack and Telegram, but it’s mostly for corporate purposes.

 NLP and Speech Support are the  most used tools of best chatbots platform in field of language and speech. These tools help  them to train and to maintain the accurate interactions, and conversations through both text and speech. By the NLP and Speech Support chatbots understand the user and give relevant response.

Bots can perfect their natural language processing capabilities with the help of Machine learning. Therefore the chatbots must be smart and intelligent so that they will gauge and remember the data and learn from it. The interactions with customers will improve over time and they collect the information from the conversations. This way they can serve the customer’s request once they hone their machine learning and language. 

An internal bridging map is vital for the Chatbot platform. It helps with the sharing of messages between users. Moreover, chatbots and the cross-functional systems should also have the bridging. A bridge records the success and the failures. It categorizes messages, so that the bot manager can have a comprehensive understanding of the chatbots function. 

Chatbots are indeed the future of business, as they will help cut the costs. But proper research is necessary to build a right bot platform. The features must match the functionality of the chatbot used in a particular business.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

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Facial Recognition Technology is Helpful to Combat Piracy in Adult Entertainment Industry

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Facial recognition technology is being used in the adult entertainment industry for many purposes, especially for combatting piracy. The industry has big copyright and piracy problems. It is grossing as much as $3 billion per year on the Internet. Face recognition technology is using artificial intelligence through machine learning. It is helping viewers to detect which porn star is in each video and is allowing them to find other videos of that porn star. The adult entertainment industry is finding this behavior of users helpful to combat piracy and copyright problems.

Once a viewer uses this technology, AI searches for over 50,000 videos and provides the best match for a particular adult actor. AI checks for hair color, biometrics, and other face related measurements. Every adult platform is using face recognition technology to eradicate piracy and provide the legal content to the viewers.

The adult industry is increasing day by day and the internet is playing an important role in it. The adult industry expansion is not accounting for videos and magazines available at store sales. Facility to find lookalike faces in adult movies is not only allowing viewers to find the matches but also providing an expansion to the industry.

There are many platforms that are offering facial recognition technology to use without paying anything. They are generating income from advertisements and traffic. Like YouTube uses ContentID to make sure that piracy could not happen, adult platforms are making the content run through the face recognition to ensure that the content posted is owned by the person posting them.

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