22 Reasons Why Investing in Chatbots is No Longer an Option

22 Reasons Why Investing in Chatbots is No Longer an Option.jpg

Chatbots are becoming more of main stream than ever before and although your industry may not appear to be adopting rest assured, your competitors will be. The leveraging of technology and artificial intelligence (AI) is driving efficiency and improvements across many aspects of business for those that invest. Review this list of 22 reasons why chatbots are changing the world we live in and why it makes sense for your company to make the move, before your competitors.

  1. According to Business Insider 80% of businesses want chatbots by 2020.  Business Insider

  2. 71% millennials are hoping to interact with their favorite brands through chatbots. chatbotslife.com

  3. Chatbots will power 85% of all customer service interactions by the year 2020. Gartner

  4. 47% of respondents are open to buying items using a chatbot.  HubSpot

  5. 57% of respondents are interested in having real-time answers from bots on a company website. HubSpot

  6. Facebook has more than 100,000 bots on the messenger platform, which was 33,000 in September,2017.  David Marcus, VP, Messaging Products, Facebook

  7. In 2017, 35.6 million Americans are expected to have used voice-activated assistant device at least once a month, which is 128.9%higher than the year 2016. eMarketer

  8. The new research, Chatbots: Retail, eCommerce, Banking & Healthcare 2017-2022, forecasts that chatbots will be responsible for cost savings of over $8 billion/annum by 2022, up from $20 million this year. Juniper Research

  9. $4.5 Billion is expected to be invested in enterprise intelligent assistants by 2021. Opus Research

  10. By 2020, the revenue by Amazon’s Echo and Alexa is expected to be beyond $11 billion. Mizuho International

  11. Artificial Intelligence is expected to power 95% of the customer interactions By 2025. AI Business

  12. Chatbots could save $174 Billion across Insurance, Financial Services, Sales, and Customer Service- BI Intelligence

  13. By 2021, Research reports believes that chatbots can save companies human wages cost of $262.7 billion. Handgards University

  14. 43% of UK consumers saying they perceive companies that use chatbots as ‘innovative’ and 22% see them as ‘more efficient’ in their customer service. Ubisend

  15. 92% of prefer Facebook messenger platform to build chatbots. Mindbowser

  16. 95% believe that chatbots are going to be of great benefit to customer service industry. Chatbot Journal

  17. 67% estimate that chatbots are to replace the mobile apps in coming years. Chatbots Journal

  18. More than 50% of the consumers expect the businesses to be available 24/7 to take their questions and suggest resolutions. Venture Beat

  19. Chatbots could result in $15 billion savings in the salaries of sales representatives as well as securities. Dazeinfo

  20. During the period 2016-2021, the chatbot marketing is expected to increase at a compound rate of 35.2%. Markets and Markets

  21. 75% of HR teams plan to implement chatbots in the next three years and 92%of HR professionals agree that chatbots will become vital in directing employees to crucial company information. ServiceNow

  22. With smartphone users expected to reach 6 billion globally by 2020, the speech-based chatbot’s implications in customer service are expected to make up large parts of company’s marketing strategies in the future. V-Soft Consulting

    Chatbot Consultation

Topics: Chatbots, Technology

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