A recent report issued by Reports & Insights titled "Chatbot Market: Opportunity Analysis and Future Assessment 2022-2030" outlines the market size, potential and deep understanding of the statistics geared towards the development of the respective market in an absolute meticulous and thorough manner. The base year considered for the study is 2021, and the market size is projected from 2022-2030. To make it more intriguing, the report further mentions extensive know-how of the market, conceptual framework, and prevailing trends of the market along with the precise textual and graphical representation over the forecast period 2022-2030, developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches.
The global chatbot market is estimated to reach a value of US$ 625.5 Mn by the end of 2020 and expected to reach a value of US$ 4,235.2 Mn by 2028 with a significant CAGR of 27.0%
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Chatbot Introduction
Artiï¬cial Intelligence (AI) progressively harmonizes our day-to-day lives with the establishment and scrutiny of intelligent hardware and software, known as intelligent agents. Intelligent agents have the capability to perform a variety of tasks varying from labor work to complex and advanced operations.
A chatbot is a quintessential illustration of an AI system and one of the most fundamental and comprehensive examples of intelligent Human-Computer Interaction (HCI). A chatbot can be comprehended as a computer program, which has the potential to respond like a smart entity when communed with through voice or text and comprehends at least one or more than one human language via Natural Language Processing (NLP).
As per the terminology, a chatbot can be perceived as "A computer program outlined to resemble or imitate a conversation with human users, exclusively over the Internet". Chatbots are also commonly know
SmartBots is a Conversational AI studio with all the necessary components for enterprises to build, test, train, measure, and manage bots. The platform enables businesses to quickly build & deploy conversational bots for various channels, domains, and industries with significantly reduced time to market.
Conversational AI platform in USA - SmartBots is an enterprise chatbot building platform, conversational intelligence and interactive interfaces that enable enterprises to build, test, train, and manage BOTs seamlessly. ✓ Schedule a demo!
Healthcare chatbots in the USA - Our Conversational AI platform, SmartBots, enables healthcare providers to create personalized interactions with their patients, clinicians, and staff and thereby, augments digital health experiences. The medical chatbots have features like Registration, Scheduling, Clinician Assistant, Health-Plans & Billing, Population Health Management, and Patient Engagement. The benefits of Conversational AI in Healthcare are improving Operational efficiency, Patient Adherence.
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The following topics discussed in this video:
- What problems do enterprises face in Customer Support?
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- Types of Conversational AI solutions
- Demos of a few virtual assistants developed by Smartbots
- Technology empowering Smartbots
- Various modules of the Smartbots Platform
SmartBots is an AI-powered platform for enterprises to create sophisticated conversational bots to automate and streamline activities, improve enterprise productivity, and boost employee and customer engagement.
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IVR Chatbots using the latest technology of Artificial Intelligence for any kind of information they can interact with the Conversational IVR Contact Center at any time. This AI IVR is available for 24*7 using the Natural Language for speech recognition and interacts with the user via chat. Adding these features the IVR Chatbot is consistent and improved with customer experience. It also reduces the need for live agents and operation costs whereas it works on cloud platforms. The wide range of analytics will help us to lead organization KPIs.
The interest in chatbots is growing every day. As more and more people are getting familiarized with chatbots, the ask for quality bots is only increasing. Bots can no more be query answering machines. They have to be really good. Now, how do you determine if a bot is good or bad? Well, you can say a good bot behaves more like a human. That's true, yet, there is a need to quantify the human-like behavior of the bot.
Smartbots Banking Virtual Assistants are built on top of the Smartbots Platform to provide a secure, personalized, and robust conversational banking experience through a variety of voice and chat channels.
These Banking Virtual Assistants come pre-trained with 100+ banking skills that can handle the most common customer requests, queries and transactions.