AI chatbots enable a business to scale customer support without adding new employees. One of the most significant customer service chatbot benefits is its ability to manage basic customer requests on its own, freeing agents to address complex support tickets.
By deploying a chatbot, a business may be able to avoid hiring additional employees. Furthermore, in times of economic uncertainty, scaling by leveraging an AI chatbot can minimize layoffs if demand decreases and helps keep costs under control.
Businesses across the board can benefit. For example, Juniper Research determined that financial institutions will save at least $7.3 billion by 2023 by automating customer service with chatbots.
Additionally, chatbots will save the insurance industry $1.3 billion in claims management. IBM also reports that energy companies using chatbots for customer service can reduce costs of customer service interactions by 80%.
(Learn how we save more than $13 million each month with our own AI chatbot at Zoom)