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How is Voice bot Technology Beneficial for Business?

Voicebot

In an over-saturated world of marketing and extensive competition in almost any industry nowadays, how can one miss to be heard by the target audience? 

Also, in today’s technology-evolving world, customer experience is the topmost priority for companies but a significant challenge too. As a result, companies have been trying hard to automate customer interaction without hampering the experience with them.

Undeniably, the objective is to have a superior customer experience, and that too with some cost-effective solutions.

A Better Approach

With voice bots, Companies are stand out from their competitors in terms of customer support and customer experience. Being the latest technology, voice bot technology is one of the most advanced and innovative approaches to advertising and marketing these days.

According to a report by eMarketer, nearly 92.3% of smartphone users will be using voice assistants by 2023.

Voice bots are helping businesses take growth to another level. With several great brands leveraging the same, this technology is advanced enough to engage and interact with customers.

What are Voice bots & Tips before Opting for One?

Voice bots are an AI-driven approach that allows computers to understand and respond to human speech. They help businesses automate customer service tasks, such as answering frequently asked questions or providing information about products and services. 

Additionally, Organizations use voice bots to provide customer support or promote a company’s products and services. Nowadays, More than ever before, businesses highly value voice bots.

Though voice bots go much beyond simple chatbots. They use the most recent technological advancements of AI (artificial intelligence) & NLP (natural language processing) to process spoken language & respond with text or already placed smart content in audio form.

But before you opt for one for your business, here are a few tips on how to get started with this technology in your business:

Tips before Opting for a Voice bot

Voicebot

1. Define Goals

Before you implement any new technology in your business, it’s important to define your goals.

  • What do you hope to achieve by using voice bot technology? 
  • Do you want to automate customer service tasks? 
  • Improve your sales process?
  • Make it easier for customers to find information on your website? 

Once you know what you want to achieve, you can start researching which voice bot platform will best help you meet your goals.

2. Research Well

There are a number of different voice bot platforms available, so it’s important to do your research and find the one that’s right for your business. Consider factors such as cost, ease of use, features, and integrations when making your decision.

3. Pilot Diagram

Once you’ve selected a platform, it’s time to set up a pilot program to test out the technology. Different kinds of ready voice bots solutions can be beneficial for different industries.

Benefits of Voice Bots in Businesses

Voice bot technology is becoming increasingly popular and is being used by businesses of all sizes to automate customer interactions. There are many benefits to using voice bot technology for businesses, including:

1. Increased Efficiency

Voice bot technology can help businesses automate routine tasks and processes, freeing employees’ time to focus on more important tasks. In contrast, Voice bots proved to be more highly efficient than live agents, which led to enhanced customer satisfaction. A perfect win-win for companies.

2. Improved Customer Service

Manually collecting and filling routine information about customers can engage a lot of time for agents/employees, keeping them away from crucial customer issues. Voice bot technology can be used to collect information from customers and provide them with quick and easy access to information or support, improving the overall customer experience.

Read More: The Future of Banking: Voicebots and its Benefits

3. Reduced Operational Costs

Compared to manual customer servicing, automating routine queries of customers and solving issues can help companies reduce over 60-70% of operational costs. It also saves training costs for employees who previously indulged in customer service.

4. Increased Sales

Businesses can boost their sales by providing customers with a convenient way to make purchases or inquire about products and services.

From assisting customers 24X7X365 to upselling and cross-selling customers through appropriate recommendations, voice bots are a proven system to enable a seamless buying experience for the organization’s potential and current customers.

5. Greater Reach

Voice bot technology can help businesses to reach a wider audience as it allows them to interact with customers through multiple channels such as websites, mobile apps, and messaging platforms. Industries like restaurants are the most likely to benefit from voice bot technology, as they can use it to help customers place orders or access support.

Voice Bot: Future of Customer Interaction

Voice bots are the future of customer interactions.  They provide a fast and convenient way for customers to get the information they need without having to wait on hold or talk to a live person. This technology is only going to continue to grow in popularity, so it’s important for businesses to start thinking about how they can incorporate voice bots into their customer service, sales or marketing strategy

Companies have to initially invest time in making sure that the voice bot is able to understand the customer’s question or request and is replying in an appropriate manner. This means programming the bot with a large range of possible customer queries and responses.

Importantly, companies have to make sure that the voice bot is handling the data well as voice bots will have access to sensitive information like credit card numbers and addresses of customers. This has to be stored securely with no scope of errors. Companies also have to consider the overall tone and personality of their voice bot. This will be the first interaction many customers have with your brand, so you want to make sure that it’s friendly and helpful.

With the help of artificial intelligence, they are able to understand and respond to customer queries just like a human would. This technology is already being used by some of the biggest companies in the world, such as Google, Amazon, and Microsoft, to provide better customer support. With the help of voice bots, businesses are already saving time and money while still providing their customers with the best possible experience.

Here are some examples of how and where voice bots are being used today:

1. Customer service: Voice bots can be used to provide customer service. They can answer questions, help customers troubleshoot issues, and even make recommendations.

2. Sales: Voice bots can be used to help with sales. They can provide information about products and services, take orders, and even upsell customers on additional products and services.

3. Support: Voice bots can be used to provide support. They can answer questions, help customers troubleshoot issues, and even escalate issues to human agents if necessary.

Voice bots are revolutionizing customer interactions and are changing the way businesses operate. Of course, there are some challenges to using voice bots for customer interactions. But despite all challenges, voice bots are still the best option for customer interactions in many cases.

In a Nutshell

Voice bots, or chatbots that use voice recognition and natural language processing, are becoming increasingly popular as a way to interact with customers and provide information. While they are not yet widely used, their potential is significant.

One of the most obvious uses for voice bots is customer service. Voice bots can be used to handle simple customer service tasks, like providing information about a product or service, taking a customer’s order, or even troubleshooting an issue. This can free up human customer service representatives to handle more complex tasks or issues.

Not only does it help to automate customer support, but it can also be used to generate leads and close sales.

Nishant Kadian

Nishant Kadian takes care of the inbound and content marketing team at Ameyo. He finds enthusiasm in learning and writing about technologies that are transforming customer engagement through contact centers. Drop your hellos to have a nerdy marketing discussion or to throw a challenge for a chess game.