As per experts, several people want companies to focus on offering quick customer service. That is quite common as, after all, patron rule and success of any business mainly depend on how well they treat their clients. Companies that offer quick and efficient customer support are poised to have a unique competitive advantage over other companies.
The best part is that chatbots are exceptionally trained and tend to learn based on fed data. When a company engages with a messenger, it also maps the query with almost all potential replies and responds as per their wish. Thus, one's team can effectively address the issues that matter to their business growth. One can even deploy chatbots at some unique touchpoints in the sales funnel to improve conversation rates and upsell.
Here are some stats by Techjury that proves how AI can help foster the growth of start-ups:
· AI can increase the business productivity by at least 40%.
· By the end of 2025, the AI global market will approximately reach $60 billion.
· 47% of the established organizations have been successful in applying an AI strategy for their mobile apps.
· Almost 4 billion devices today work on AI-powered voice assistants.
· 75% of the companies in the globe are planning to use AI systems, to eliminate fraud.
Search Marketing
One of the best marketing tools any small or medium-sized company can use at its disposal is search marketing. The brands have been leveraging the optimization AI that offers search marketing for several years, and it is one of the best options for startups, and smaller brands need to reach the target audiences.
AI can help in optimizing campaign key terms, site performance, and it also yields better results at a minimum cost than what the business saw previously. Additionally, Artificial Intelligence is said to be layered on top of search marketing. It can ensure the companies are keeping up with the trend, and it captures web visitors that have lost along the tunnel previously. For significant brands using AI in search, marketing has been a proper and tried strategy for a long time.
Targeted Displays
The cornerstones of almost all successful marketing initiatives include impactful ads and branding. But due to lack of resources, a small team mainly resorts to one size that fits all and creates advertisements that don't have enough time to analyze the results correctly. But when AI grows in sophistication, the targeted display ads are planning to get better and better when learning about clients and adapting to what images or messages are shown that appeal to the targeted audience.
Data-driven Decisions
AI in business analytics can mainly play a vital role in the success of a startup company. With the growth of new-age business intelligence tools, companies can now get insight into customer behavior and real-time information about the market fads to make some data-driven decisions. The startups don't need to rely on many static reports generated by business intelligence tools. People need to get actionable insights that can help a company make data-driven decisions. Business leaders and entrepreneurs need to make decisions based on incomplete or inconsistent data before AI was introduced.
AI can process a vast amount of data and offer actionable insights to help the decision-making process in a company. Predicting the future based on historical data analysis is also known as forecasting. AI can help a company make forecasting easy if one wants to project future sales or estimate the market needs. Business leaders need to get actual answers with AI. Hence AI is here to stay, and almost all businesses need to use it to be successful in no time.
Impactful Business Forecasting
By forecasting, businesses mean to predict the future as accurately as possible, and in order to be very accurate it is important to understand how past data can be used properly. Whether a business wants to project the future sales or is looking forward to estimating the market trends correctly, AI can be a great tool if used efficiently to make the correct predictions quickly There have been some recent progress in the neural networks which have been taking the capabilities of forecasting with the help of AI to a new level which is far more advanced.
Business leaders of the start-ups with the help of AI can get answers to the AI business ideas and actual questions, which helps in making stronger business predictions.
Conclusion
Companies can use AI-powered tools to offer the best possible customer service. Several startups have started to use AI-powered applications, including chatbots that can quickly respond to customer queries. Besides providing quick responses, AI can also identify customer queries, collect more customer data, including age and location, and determine customer preferences. Hence, AI can help start-ups to grow 10x times.
