Investigative Report: Sentiment Analytics & Product Development - Social Media Analytics
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This report discusses the value proposition of chatbots and business opportunities available with Facebook AI. It also covers the characteristics of chatbots and AI capabilities mimicking human personality, commercial cases for adopting chatbots in customer service, and recommendations for Facebook AI.
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Social Media Analytics Table of Contents Executive Summary:....................................................................................................3 .....................................................................................................................................4 1.Chatbots Value Proposition and Business Opportunities for Facebook Artificial Intelligence..................................................................................................................4 2. Characteristics of Chabot and Adaptable AI Capabilities to Develop Chatbot with Human Personalities.....................................................................................................4 3.Commercial Use Cases of Chatbots and Facebook’s AI Capabilities......................4 4. Three Specific Actions for Facebook AI before developing and testing a chatbot...4
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Executive Summary: Technological advancement is one of the most important process in the business world, firm consider those technologies and advance level of software to target their audience and introduce their new product. Use of AI is becoming common in social media marketing process, certain technologies including Chatbots system taking over marketing console for betterment (Younus, 2021). This report will discuss value proposition of chatbots and businessopportunityavailablewithFacebookwithAI.Laterthisreportwilldiscuss characteristic of chatbots and AI capabilities mimicking human personality. Later this report will discuss commercial cases for adopting chatbots in customer service. At last, this report will discuss recommendation for Facebook AI.
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1.Chatbots Value Proposition and Business Opportunities for Facebook Artificial Intelligence Every business organization know the value of technological advancement in the workplace, firm who focus on advancing their technology ensure stability. Use of AI and Machine learning is one of the most common term in business world where artificial intelligence were used to manage business operation such like marketing (Sharma, Goyal and Malik, 2017). Chatbots system is new advance software allow robot to handle query and issue faced by the consumer, these robots are smart enough to detect issue. However, chatbot is automatic reply machine or software whichallowbusinesstoevenreplyinofflinehours.Therearecertainvalue proposition of chatbots, these are: Improve usersatisfaction:User or consumer satisfactionis one of themost important thing for every business organization, use of AI based chatbots allow firm to ensure consumer satisfaction because any issue or query raised by consumer is answered by robot. These queries or issue is instantly solved to keep consumer on website. For example; if user need to know price of tech consultation on Ion Plus official website then these chatbots provide price even in offline hours. Increaseuserengagement:Thevaluepropositionofchatbotsisdefinedin engagement of user with the business, chatbots allow consumer to stay connected with the firm. When consumer visit website of business then they interact with certain query and issue, these issue can be solved with the help of chatbots who are ready to provide solution within seconds (Lalwani and et.al., 2018). In the bottom right cornerofeverywebsite,thesechatbotsarereadytoengagementuserby considering their issue and query. Business opportunities for Facebook AI: Improved user experience:Prototyped developed by Facebook AI will allow them to increase user experience by adding 'Social Media Language AI chatbots, these chatbots are smart enough to examine user behaviour and collaborate with user in humanistic manner. Facebook can improve user experience with the help of AI
chatbots, for example if user is planning to improve market or profile promotion then these chatbots will provide analytics highlighting growth rate of each post. This is a business opportunity for Facebook as user will stay connected with the brand and revenue generation will remain high. Cost effective:AI and chatbots are cost effective in which human efforts are not needed, cost effective simply means if user is connecting themselves with chatbots then they will continue their interaction which means there will be no role of human in the process. Facebook can reduce cost occurring on employee after implementing thisprototype,thesechatbotsarecheapandeffectiveallowbusinesstostay connectedwiththeirconsumer.Reductioninhumaninteractionalsoimpact behaviour of user, consumer might prefer bots over human interaction as there will be logical conversation. 2. Characteristics of Chabot and Adaptable AI Capabilities to Develop Chatbot with Human Personalities Chatbots are found in almost every website, firm consider these chatbots to stay connected with consumer even in offline hours (Lokman and Ameedeen, 2018). Chatbots reduce human efforts and AI capabilities in chatbots allow them to examine behaviour of consumer and provide result accordingly, mainly used for solving query and issue of consumer, chatbots have certain characteristic, these are: Conversational maturity:AI based chatbots are smart and have capabilities to managequeryandissuefacedbyconsumer,chatbotscarrydifferenttypeof language because chatbots have Natural Language Processing (NLP) which allow bots to consider simple and humanistic language which make conversation easy between two parties. AI based chatbots even carry capabilities to conver their conversation into meaningful arrangement of words convincing consumer to buy the product. Omni and marketing capable:Chatbots are smart and capable software having capabilities to manage issue and problem of consumer or user, omni is process in which chatbots provide multiple result to consumer increasing their experience in the
workplace. Information is passed between user and company allowing consumer to stay connected, marketing is effectively done with the help of omni feature allowing business to examine behaviour of consumer and betetr their seamless experience. Autonomous reasoning:This is one of the main characteristic of AI based chatbots where human interaction is limited, mimicking human personalities, chatbots have capabilities to provide solution after hearing the query or question at once. There are many cases in which consumer unable to describe problem and issue faced by them, autonomous reasoning is characteristic of chatbots to instantly solve critical query of consumer and allow them to stay connected. Chatbots marketing panel:This is one of the best characteristic of chatbots to meet the marketing goal of the firm, chatbots are used by the businessorganization to maintain interaction with consumer (Dahiya, 2017). Chatbots are used to keep consumer connected by providing instant solution to the problem and issue faced by them, chatbot marketing simply means interaction with consumer with a prospect, promotionofproductisautomaticallydoneintheformofsolution.Interaction between consumer and business remain limited but chatbots have capabilities to turn user into consumer. 3.Commercial Use Cases of Chatbots and Facebook’s AI Capabilities There are a lot of prevailing market and business examples of chatbots usages that are consistently being utilized for both the purposes of monetary plus business gains alongwiththeswiftexpansionofitspublicrecognition.Thesetechnologically powered and software oriented and enhanced chatbots use cases with its relevant practical examples occur and are functioning in almost all the existing industries as severalbusinessesrequiresuchsociallyautomatedservicesfortheeffectual enhancementofitscustomeroruserserviceexperience,salesaugmentation, increase in market potential, revenue generation and growth, rise in advertising figures, etc.
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Also,itistobenotedthatthewiththeadventofalltheprevailing technological advancement that can be seen around the current global surroundings and what with the rise in the fast development of all these tech-infested mediums of business channels, the introduction of the viral concept of artificial intelligence (AI) is at a fast paced growth as multiple business corporations are using it along with augmented and virtual realities (AR and VR). If seen statistically, it can be said that 80% of the worldwide businesses are using the chatbots' technology for majority of itssocialmediarequirements.Inthepresentcontextofthesocialmedia multinationalcorporationofthepopularFacebookInc.,thecontributinguseof chatbotscouldeffectivelybeappliedandadoptedforaugmentingmuchuser experience of its customer service careandQ&A portal (Følstad and Skjuve, 2019, August). In order to understand, analyse and discuss on this topic, it has first becomeimperativetoassessthevariousalreadyestablishedexamplesand instancesofseveralbusinessusesofChatbotsimplementationintheir organizational structures. Following are such examples: Consumer service chatbot use case:Customer service segment is considered as one of the most vital and ubiquitously utilized service section that forms a necessary element in almost all the businesses. The growing use of AI powered chatbots here can be amounted to around 67% of its client use. This has resulted in a large-scale user reception as the wide-scale availability of audio-visual options, voice messaging services, and FAQs have automated online support portals. Social media use case:According to the reporting statement of one Business Insider article, social media customers the world over are increasingly in the habit of usingfourdistinctivelymainsocializingnetworksnamelyFacebook,Instagram, Twitter, and LinkedIn. Out of these the widest use of automated services are mostly customer-centric and platforms like the Facebook messenger application can benefit greatlyfrom it (Schanke and et.al., 2021). Otherindustrialusecases:Asidefromthesocialmediaandentertainment businesses, there are yet many other industrial sections and segments that make use of the chatbot services such as the financial and banking corporations majorly invest in this with a 50% ratio, the real estate businesses also utilize chatbot use cases for managing its agent-client relationship, etc. This helps in user retention too.
After having discussed several examples where the chatbot use cases are heavily used, the same can be applied and discussed in the specific context of the Facebook AI powered Messenger application service. In order to augment a much interactive user experience of this social media app, Facebook AI can efficiently make use of its already existing technological advantages that are currently at its messenger service disposal so that the customer service can become seamless and exceptional. Facebook's chatbots can be referred to the speedy service platform on its online social portals that cam make the user experience one of a kind through automating message replying services by adding in it features like quick replies, CTA buttons for converting images into videos and carousels, setting up of several widespread location centers and request sending plus accepting, andprofilesharing (SANCHEZ,2019).Itcanalsoenhanceitschatbotusecasethroughsecure purchasing where the diversely oriented customers are thus enabled to make right buyingoptions by guidingthem intheapplication through the dualuseof an intensive customer mapping journey automation along with striking more lucrative and beneficial partnerships with its ticket-raising support system Zen-desk. 4. Three Specific Actions for Facebook AI before developing and testing a chatbot In order to effectively streamline its online social presence in conjunction with the channelizedmarketexpansioninthelargebusinesscircles,FacebookAIcan effectually adopt these three commendable actions for examining the validity and usability regarding the chatbot use case development within its existing business which are as follows: Installation of Blender Bot 2.0 use:This Blender Bot 2.0 version concerning the chatbot source of use case application for Facebook AI over the next 12 months seems a very good option as it assist in building a long-term in-built memory with a vast storage and recollection space along with the added advantage of quick internet searches. This modular AI powered research tool offers a wide space for the use of simultaneous search access where its chatbot services will be updated for the users
or individuals in the form of demonstrativeconversationsessions (Shuster and et.al., 2022). Marketing chatbots:The term chatbot can be denoted as the programmed version of the use of automatically messaging or conversation engagement AI service that is used for leveraging SMS texts, website windows, social media and associated optimizationservicesthatglobalcorporationslikeFacebook AIcanutilizeand accommodate in its business structure for the betterment of its customer service experience.ItcanbemajorlyandinnovativelyusedforFacebook'smarketing purposes by offering its varied customers quick FAQ services, descriptive blog entries,self-usearticlelibrarysothatthephysicalorhumanlabourfactorof production could be substituted by an artificially engineered customerserviceagent (Wang and et.al., 2022). Messengerchatbotuse:Anotheroneoftheverycost-effective,reliantand compliant chatbot use case technique for Facebook AI could be the improvised launch of one other if its customer service segment that can also be used as a differentiated product. This refers to chatbots as human replaced messengers where several other software technologies can be used and combine for an augmented use of a blended user experience of real world elements and virtually inspired reality in its chatting and messaging portals. CONCLUSION From the above report it can be clearly summarized that the field of social media analytics is one of the integral elements which is central to global organization such as the Facebook AI technology division. The report above has efficiently addressed various questions related to and has covered several aspects associated with the chatbot use case in the Facebook AI for the enhancement of its customer service augmentation. It has discussed the value proposition of chatbot use and has properly described its related characteristics and capabilities. It has also clearly identified other industrial examples where this has been used and has assessed and recommended Facebook AI scope of using the chatbot service.
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References Dahiya, M., 2017. A tool of conversation: Chatbot.International Journal of Computer Sciences and Engineering,5(5), pp.158-161. Følstad, A. and Skjuve, M., 2019, August. Chatbots for customer service: user experience and motivation. InProceedings of the 1st international conference on conversational user interfaces(pp. 1-9). Lalwaniandet.al.,2018.ImplementationofaChatbotSystemusingAIand NLP.InternationalJournalofInnovativeResearchinComputerScience& Technology (IJIRCST) Volume-6, Issue-3. Lokman, A.S. and Ameedeen, M.A., 2018. Modern chatbot systems: A technical review. InProceedings of the future technologies conference(pp. 1012-1023). Springer, Cham. SANCHEZ, J., 2019. Facebook messenger chatbots. How businesses can benefit from this opportunity. Schanke, S., and et.al., 2021. Estimating the impact of “humanizing” customer service chatbots.Information Systems Research. 32(3). pp.736-751. Sharma, V., Goyal, M. and Malik, D., 2017. An intelligent behaviour shown by chatbot system.International Journal of New Technology and Research,3(4), p.263312. Shuster, K., and et.al., 2022. BlenderBot 3: a deployed conversational agent that continually learns to responsibly engage.arXiv preprint arXiv:2208.03188. Wang, X., and et.al., 2022. How does artificial intelligence create business agility? Evidence from chatbots.International Journal of Information Management,66. p.102535. Younus, A.M., 2021. Technological Advancement and Economic Growth For The Business Sector.Academic Journal of Digital Economics and Stability,10, pp.56-62.