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There’s still some way to go before Artificial Intelligence fully delivers on its potential to radically transform whole economies. But it’s already bearing substantial fruit for small and large organizations alike. This article explains how your own business can use AI to attract and retain customer interest in your brand, and ultimately improve sales.
Chatbots and Virtual Assistants
AI-powered chatbots and virtual assistants are becoming commonplace these days. They fill in for human customer service agents and handle enquiries from the public on the business’s behalf. Because these chatbots can address customer issues 24/7, they have normalized round-the-clock customer service provision. This is a win for companies because they can now solve their customers’ problems all day, every day. It also benefits customers, as they no longer have to wait until a human agent is available to have their problems attended to.Predictive Analytics
AI is trained in pattern recognition (or mimicry of this). This, coupled with its other built-in capabilities, can enable it to project likely future outcomes based on current data. It’s a functionality that’s often applied to sales prediction, determining the likelihood of lead conversion, and inventory management. All of this is possible because AI tools can detect patterns in customer purchasing habits, market trends, and seasonal variations, among other data points.Sign up for the Connect Nigeria daily newsletter
AI-Driven Marketing Campaigns
A large swathe of the marketing process can be improved with the aid of AI. From campaign planning to content creation, and advert targeting to email marketing optimization, there’s a lot that this technology can do for a regular company’s brand visibility and lead generation efforts. An example of this in action: online advert platforms like Google Ads and Facebook Ads, which are essentially AI-driven, can adjust bids and targeting criteria based on real-time performance data. This improves the efficiency and potential ROI of fund allocation to marketing campaigns.Sales Allocation and Lead Scoring
Another great thing about Artificial Intelligence is that it automates various portions of the salesperson’s work. AI sales tools automate lead generation, follow-up emails, and even proposal creation. This frees up sales teams to focus on engaging with leads and closing deals. Some of these tools are designed to identify the most likely candidates for conversion, based on predetermined touch points. The result is a reduced sales cycle and an increase in revenues.Personalized Customer Experience
Personalization is at the heart of the customer engagement strategy of many contemporary companies. That’s because customers today want to be catered to as unique individuals, not merely as units of a mass market. A growing number of businesses are utilizing machine learning algorithms that allow them to gather and analyze huge amounts of customer data. This data typically includes browsing history, past purchases, and demographic information. Companies that have this kind of data can work with it to create personalized experiences that cater to individual preferences.Register to attend the CN Business Mixer
Final Words
This article has shown how businesses are using AI to drive sales and customer engagement. The examples we’ve provided here apply to diverse industries. You can always choose the ones that are suitable for your company. If you use this technology smartly, you could get really good sales, revenue, and customer satisfaction outcomes.Got a suggestion? Contact us: editor@connectnigeria.com
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