Chatbot Development : Brief Overview - PowerPoint PPT Presentation

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Chatbot Development : Brief Overview

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More companies are investing in Chatbot development every day due to the unprecedented capabilities displayed in its development to mimic human response. Chatbot technology has made its way into many industrial verticals ranging from healthcare, banking, It industry, eCommerce, travel & hospitality, real estate, etc. According to Business Insider, the Chatbot industry is projected to grow from $2.6 billion in 2019 to $9.4 billion by 2024 at a compound annual growth rate (CAGR) of 29.7% – PowerPoint PPT presentation

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Updated: 13 August 2020
Slides: 12
Provided by: Dharanarola
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Title: Chatbot Development : Brief Overview


1
Chatbot Development Brief Overview
2
What are Chatbots?
  • Computer programs that simulate human response
    and carry out communication on behalf of
    employees for repetitive or multiple tasks.
  • Chatbots today have accomplished more than just
    robotic responses due to the introduction of
    artificial intelligence (AI) and machine
    learning(ML) for its software development.
  • Almost all major websites and mobile apps make
    use of the chatbots for providing 247 support
    assistance to their users.

3
Market Trends
  • More companies are investing in Chatbot
    development every day due to the unprecedented
    capabilities displayed in its development to
    mimic human response.
  • Chatbot technology has made its way into many
    industrial verticals ranging from healthcare,
    banking, It industry, eCommerce, travel
    hospitality, real estate, etc.
  • According to Business Insider, the Chatbot
    industry is projected to grow from 2.6 billion
    in 2019 to 9.4 billion by 2024 at a compound
    annual growth rate (CAGR) of 29.7

4
Chat Bot Ecosystem
  • Chatbot development technology is a thriving one
    and bound to generate substantial to
    extraordinary ROI due to its robust expansion.
  • The chatbots create a scenario that keeps your
    business running 247 without much investment. In
    fact, it is a one-time investment you make for
    providing a remarkable customer experience.

5
Why Chat Bots?
  • Enlisted are some of the prominent benefits of
    investing in chatbot development
  • You are capable at acing the area of best
    customer service as each of the queries goes
    unanswered. Your customers know that they are
    heard and receive prompt action as soon as they
    know where to reach out.
  • Your target audience is not limited to a specific
    platform. Hiring and maintaining resources for
    every platform is impractical. Thats when bot
    development comes into the picture. The
    human-simulated chatbots can handle a person of
    any age with equal efficiency.

6
Types of Chatbots
  • While Chatbots are mainly classified as
    AI-driven, scripted, and application, here is an
    elaborate classification for them
  • Support chatbots Hello! How may I help you?
  • Skill Bots They have a limited agenda/contextual
    focused set of areas to handle
  • Assistant bots Usually used for making
    reservations/appointments in restaurants/hospitals
    / HR, etc.
  • Transactional Bots Usually used in banking
    industries or completing transactions in
    eCommerce sites or for payment gateways.
  • Informational Bots Usually in educational fields
    for corporate training.

7
Technologies used for Chatbot Development
  • Chatfuel
  • Motion.ai
  • ChattyPeople
  • Microsoft Bot Framework
  • Wit.ai
  • Dialogflow
  • Botsify
  • ManyChat
  • Atlassian Hipchat
  • Cortana

8
Future of Chatbots Development
  • As chatbot development is incorporating more and
    more use of AI and ML, chatbots would soon act as
    virtual assistants and extend its capabilities
    with natural language processing.
  • Many companies are integrating and looking
    forward to building a chatbot to handle their
    social media. A large crowd approaches small and
    medium-sized businesses for customer support
    through these messaging apps.

9
Narola Infotech Chatbot development company
  • We are a company providing enterprise solutions
    to customers for more than 15 years. We have an
    active development team for building applications
    using Automation ML.
  • Our team of experts has hands-on experience with
    the latest technologies and adept knowledge about
    how to build create a bot.
  • We have many successful chatbot applications
    developed under our wings and ensure that you
    shall receive the best possible services on any
    chatbot development platform.

10
Contact us
  • Are you Looking for Chatbot Development
    Services?Do not miss the opportunity to take
    your business to better Serving capabilities.
  • Email info_at_narola.emailContact number 1 (650)
    209-8400

11
Thank You
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