
The Importance of Conversational AI in Businesses
Owing to the benefits of smart, automated communication networks that are accessible around the clock, more and more businesses use conversational AI to communicate with consumers and prospects in addition to telephone or e-mail.
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CIO Applications Europe | Monday, December 28, 2020

Owing to the benefits of smart, automated communication networks that are accessible around the clock, more and more businesses use conversational AI to communicate with consumers and prospects in addition to telephone or e-mail.
Fremont, CA: Conversational AI is a type of AI technology application that allows automated, natural language-based dialogues through systems such as chatbots or voice assistants. Effective conversational AI is in effect when a user may ask a question, whether via text or voice, and receives a correct, normal, real-time response based on language.
Speech recognition and knowledge modeling are the technical pillars of Conversational AI. First of all, the feedback of the consumer must be remembered and understood. The discipline of Natural Language Comprehension (NLU) deals with this mission. It's about understanding the structure and sense of human communication. The topic of information processing and modeling is equally important but less often considered. Internal company data and information, as well as user-generated knowledge, must be precisely prepared and modeled to serve as the basis for Conversational AI.
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Owing to the benefits of these smart, automated communication networks that are accessible around the clock, more and more businesses use conversational AI to communicate with consumers and prospects in addition to telephone or e-mail.
Companies benefit from automated 24/7 customer service and higher interaction rates on their websites, automated lead generation, and efficient use of resources. Also, by using chatbots or voice assistants, businesses consider the contact preferences of their customers, contributing to increased customer loyalty. They provide essential information at the right touchpoints and create a personal and intuitive customer experience. Besides, chatbots offer various potential use cases from customer support, marketing, and sales to HR and are not limited to a single sector.
Another area of application that is often ignored is the internal use of Conversational AI. By formulating and planning the company's internal data and information, for instance, in the form of a knowledge graph, chatbots and voice assistants can access this knowledge and make it accessible in natural language. This will facilitate the provision and flow of information to both decision-makers and workers in businesses.
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