According to a recent study, 40% of millennials claim to use chatbots on a daily basis. This astounding number highlights the importance of AI technology in the commercial world. However, chatbots are inherently limited. These programs are only as smart as the rules and algorithms used in their creation.
According to a study by IBM, the global average cost of a single data breach amounts to $3.86 million. That is an average of $148 for each lost or stolen record containing sensitive and confidential information. This stat highlights the difference between products built for small teams and products built for enterprises. Although no product or service is fool proof, there is a significant difference in risk exposure with enterprise products that made major investments in security infrastructure.
Chatbots are quickly becoming an essential part of delivering customer service. According to a study by IT experts Spiceworks, up to 40% of businesses with 500 or more employees will have active chatbot or AI assistants by the end of 2019. These businesses have discovered the incredible benefits of using AI-related technology in their daily tasks. The right system improves customer interactions without investing in expensive overhead like manpower and training.