Amazing Facts You Might Not Know About Chatbots

What is a chatbot? They come in two flavors:

💨 Virtual assistants, which help you find information, remember stuff, or buy things. Think Apples's Siri, Amazon's Alexa, Microsoft's Cortana, and Google's Assistant. These are powered by machine learning, meaning they rely on artificial intelligence to learn and figure out what you want.

💨 Messaging apps, which essentially allow businesses and brands to be online 24/7 providing customer support(e.g., instant responses, quick answers, complaint resolution). Think Facebook Messenger, Kik, WeChat, and Slack.These types of chatbots are only capable of interacting with users by following pre-programmed rules.

What you see and experienced so far is just the beginning of what is forecast to be a billion-dollar industry in less than 10 years. Many top brands, including Uber, Sephora, and CNN, have already adopted chatbots.

Here are some amazing facts you might not know about chatbots.

📌 1.4 Billion People Use Messaging Apps

The top four messaging apps are bigger than top four social networks, according to BI Intelligence . More than 1.4 billion people used messaging apps in 2016 , according to e eMarketer. By 2019, more than 25% of the world's poplation(roughly 1.75 billion people) will be using mobile messaging apps.

📌 People Are Ready To Talk To Chatbots

According to a report (Humanity in the machine) from media and marketing services company  Mindshare, 63% of people would consider messaging an online chatbot to communicate with a business or brand. A survey conducted by myclever Agency found that they would use chatbots to obtain "quick emergency answers."

📌 People Want To Contact Retailers via chat

Online chat and messaging apps are the preferred way for 29% of people to contact retailers when making a purchase decision, according to survey. That means people are equally likely to contact a retailer by phone or use a chatbot and more likely to use a chatbot than to contact a retailer via email(27%).

📌 There Are More Than 30,000 Facebook Chatbots

As of September, there were 30,000 chatbots on Facebook. Those chatbots have been used by millions of people in 200 countries.

📌 Consumers Are Ready To Buy Things via Chatbots

Thirty-seven percent of Americans say they are willing to make a purchase through a chatbot, according to DigitasLBi. On average, consumers would spend more than $55 per purchase. If a chatbot were available, 33% of UK residents would buy basic items like clothes and food , according to myclever Agency.

📌 Consumers Won't Put Up With Bad chatbots

One bad chatbot experience could be costly. According to the DigitasLBi report, 73% of Americans said they wouldn't use a company's chatbot after a bad experience. According to Mindshare's report, 61% of people would find it more frustrating if a chatbot couldn't solve a problem vs a  human.

📌 Don't Blur Lines Between Bots, Humans

An overwhelming majority of consumers (75%) said they want to know whether they are chatting with a chatbot or a human(48% consider chatbot pretending to be human"creepy"), according to Mindshare. The robotic and artificial nature of responses clued in 60% consumers that they were interacting with a chatbot, according to DigitasLBi.

📌 Chatbots Will Be Indistinguishable From Humans By 2029

Ray Kurzweil, an inventor, futurist, and engineer at Google (who has a pretty good knack for making accurate predictions) predicts that chatbots will have human- level language ability by the year 2029. "If you think you can have a meaningful conversation with a human, you will be able to have a meaningful conversation with an AI in 2029. But you will be able to have interesting conversations before that," according to Kurzweil, as quoted in The Verge.



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