The Summit on the Future of Chatbots and Conversational Artificial Intelligence for Business is an exciting event focused on disruptive technology that continues to drive many aspects of our daily lives. Chatbots have become the key to the potential success of a business in the online marketplace. Experienced experts from international brands share their views on conversational AI, the future of artificial intelligence, which also helps create unique personalities. This evolution allows companies to extract valuable data from traffic destined for business pages and use that data to create engaging customer experiences.
Assistance to Sales and Marketing
According to studies, customers are willing to buy items through bots. Reports indicate that by 2024, retail consumers will spend $140 billion globally on chatbots. Chatbots can help by recommending products and assisting with the buying process. By using a chatbot, you will connect with your customers efficiently and effectively, which means increased customer satisfaction and can lead to increased revenue. Businesses using chatbots to send messages to abandoned carts can help increase sales by up to 25% for e-commerce brands. Additionally, brands can connect with two to five times more customers through chatbots than through email interactions.
Complications in Implementation
Despite their advances, chatbots still face challenges, such as generating the correct sentence structure in different languages and understanding slang or colloquial words. AI and chatbots help support brand teams, but they cannot replace a writer or editor to create engaging content. Another problem with simple chatbots is that if they cannot answer more complex questions, they may misinterpret customer requests or execute incorrect commands. As chatbots strive to meet customer expectations, the industry is building more human-like chatbots using machine learning, artificial intelligence, and natural language processing. Ultimately, they will become a more effective way to support brand teams than they are now.
Trends for Chatbots and Conventional AI
According to research, by 2023, chatbots will help the retail, banking, and healthcare industries save $11 billion in customer service requests alone, with more than 2.5 billion saved hours. In addition, outside of these industries, the retail industry will be able to maximize the use of chatbots by 70% to meet customer needs. Chatbots will not only help customers interact with the brand's websites but will also have more users in the brand's apps, with 50% of chatbot usage occurring through apps. When discussing chatbots on global platforms, analysts say chatbots are improving and can help deliver personalized conversation-based insights.
“You all know that chatbots are a new technology altogether. It’s like the early age of the Web. Things are still shaky yet growing at the speed of light.” —Rashid Khan
“No matter how sophisticated or powerful our thinking machines become, there still will be two kinds of people: those who let the machines do their thinking for them, and those who tell the machines what to think about.” —C.J. Lewis
Innovative keynotes delivered by the industry's true heavyweights, covering practical challenges and subjects which are exclusively entailed in our agenda. Gain subject matter expertise, network, and collaborate to explore solutions that shed light on future business models impacting revenue inflows.
Boost your Business
Futurista Start-up Elevate is a dedicated platform for Startups and VCs. We offer industry-specific startups a showcasing opportunity, enabling them to connect with corresponding VCs and Mentors. A win-win dynamic is created to attain the desired exposure for startups who are looking forward to scaling up their businesses.
Intelligent Event Experience
A smart application will help you connect with key decision makers, share files, brainstorm ideas, and have a seamless networking experience. A comprehensive module covering the entire event, compiled for training purposes, to be made available post-conference, exclusively for the attendees.
Machine Learning Chatbot
Appointment Scheduling Or Booking Bots
Linguistic Based (Rule-Based Chatbots)
Keyword Recognition-Based Chatbots
Customer Support Chatbots
Real-Time Agent Coaching
Conversational User Interface
Speech To Text
Text To Speech
Oil & Gas
Travel & Tourism
Food Delivery Service
Supply Chain & Logistics
Marketing & Advertising
A premium networking experience with a pristine venue, smart applications, and fine dining services, enabling our delegates to make the most out of their time in a business class environment.
Filtered invitations for the selected key decision makers representing the world's largest organizations across industries, academia, and government organizations, making the conference apt and productive in all aspects.
Provision of a platform to innovative start-ups, leading solution providers, and cutting-edge product developers.
Customized packages designed for the right id of exposure, for the right kind of audience.
Most creative people in business: leaders who are shaping the Future of business in creative ways.
World changing ideas: Products, concepts and policies that are perusing innovation for good.
Innovation by design: the best products, services, interfaces and design ideas in business.
Most innovative companies: The top companies in technology, media, finance and more.
Futurista Startup Elevate is a platform that transforms big-ideas into reality! The FOCA2023 21st September, 2023 will fuel start-ups to take themselves to the top by providing access to VC's, Mentors, and Potential Clientele from the corresponding industries. The perks include Product Showcasing, Speaking Slots, and Campaigns running among our thoroughly researched pack of delegates.
“Although the technology allows us to develop a bot that behaves in just about any way, that doesn’t mean we should.” —Szymon Rozga