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Does your business need Bots?

If you’re running a business, particularly a consumer business, you’ve probably heard about bots.   Do you need one for your business?   The short answer is “probably, but be careful what you buy”.

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Used thoughtfully, bots offer great return on investment, particularly for marketing, sales and customer service teams. But beware the top end of the bot market.   Recently, there’s been amazing advances in the use of artificial intelligent (AI) in bots. But AI is still expensive and over-sold – and its reality often falls short of its maker’s promises.

In most cases, a simple, lower-cost bot will be all you need.   There’s a few rules, explained below, to follow when evaluating, pricing and piloting bots. But first, let’s start with a (very) brief explanation of what bots are.

What is a Bot?

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In its simplest form, a bot is an automated system that answers questions, usually via Facebook Messenger or a website. It might help you book a flight, or get more information about a technical problem, or find the time a film is showing – usually relatively straightforward information, delivered through simple menus.   This kind of bot doesn’t pretend you’re speaking to a human.

For this style of bot, built using Facebook Messenger, we’re seeing a 99% read rate, 60% of bot visitors signing up for further updates, and a 21% clickthrough.   If you’re currently struggling to reach your audience through social networks, bots dramatically increase your ability to get your message out.

Then there’s AI bots, usually known as “chatbots”, which claim to cross-sell product by predicting what users will buy. Or answer complex questions, drawing information from multiple databases, and turning that information into a response that makes sense to humans. Or – a step further – they claim to be able to convince users that they’re speaking with a human.

Chatbots make very big claims, and the reality doesn’t always match up.

A checklist: willBots work for you?

AI moves very quickly. One day we probably will have chatbots that act like humans, that can understand any human query. For now, we’re still years from that promise being fulfilled. In the meantime, here are a few fields in which more traditional bots are useful right now:

It’s also easier to personalise the one-on-one interaction of a bot than it is to run a personalised email campaign or website.

If you’ve not considered piloting a bot, it’s definitely worth doing so.   But pick the right kind of tool for your business – don’t rush in and pay top prices.

Syd Lawrence is CEO of The Bot Platform, Facebook’s only recommended partner for Bots, Messenger and Workplace based in the UK.   The Bot Platform’s clients include BBC News, Chelsea FC, Sony, Universal.   You can talk to the Bot Platform’s own bot at www.thebotplatform.com.

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