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Emotional AI for meaningful conversations with customers - Chatbot

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Emotional AI for meaningful conversations with customers - Chatbot

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How to use AI to anticipate, advise and improve experiences
and ultimately increase ROI.

In this paper, we’ll discuss the risk of missing the opportunity to use digital technologies to learn about consumers’ preferences and habits. We’ll show how leveraging contextual data and real-time analytics using artificial intelligence (AI) and Machine Learning (ML) can reduce marketing cost, attract hyper-targeted customers and create engaging consumer experience.

Customers expect a personalized shopping experience. That’s one of the best ways to increase engagement and sales. People should be encouraged to create a customer profile on websites or mobile applications to monitor their habits and give them special
offers based on their browsing pattern or previous purchases.
Personalization tactics make it easier to upsell and cross-sell to customers. Ultimately, this means selling more money without spending much. It is actually cheaper to target current customers than it is to acquire new ones.

INTELLIGENCE FROM CUSTOMER INTERACTIONS
LIFEdata learns user’s habits and preferences as they happen and delivers offers or experiences when they are needed using real-time knowledge.
It reacts to what users do throughout the day to increase engagement based on a combination of individual’s biological, behavioral and psychological data, to enable individualized interaction and real time-engagement. LIFEdata personal assistant detects the change in the user’s context and make recommendations for the new context.
LIFEData.AI’s personalized, automated conversation experiences deliver the right conversation at the right time based on the user’s profile, enabling businesses to manage resources and scale.

Learn more at http://lifedata.ai/ai-solutions/mobile-engagement/

How to use AI to anticipate, advise and improve experiences
and ultimately increase ROI.

In this paper, we’ll discuss the risk of missing the opportunity to use digital technologies to learn about consumers’ preferences and habits. We’ll show how leveraging contextual data and real-time analytics using artificial intelligence (AI) and Machine Learning (ML) can reduce marketing cost, attract hyper-targeted customers and create engaging consumer experience.

Customers expect a personalized shopping experience. That’s one of the best ways to increase engagement and sales. People should be encouraged to create a customer profile on websites or mobile applications to monitor their habits and give them special
offers based on their browsing pattern or previous purchases.
Personalization tactics make it easier to upsell and cross-sell to customers. Ultimately, this means selling more money without spending much. It is actually cheaper to target current customers than it is to acquire new ones.

INTELLIGENCE FROM CUSTOMER INTERACTIONS
LIFEdata learns user’s habits and preferences as they happen and delivers offers or experiences when they are needed using real-time knowledge.
It reacts to what users do throughout the day to increase engagement based on a combination of individual’s biological, behavioral and psychological data, to enable individualized interaction and real time-engagement. LIFEdata personal assistant detects the change in the user’s context and make recommendations for the new context.
LIFEData.AI’s personalized, automated conversation experiences deliver the right conversation at the right time based on the user’s profile, enabling businesses to manage resources and scale.

Learn more at http://lifedata.ai/ai-solutions/mobile-engagement/

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Emotional AI for meaningful conversations with customers - Chatbot

  1. 1. How to use AI to anticipate, advise and improve experiences and ultimately increase ROI Emotional AI for meaningful conversations with customers
  2. 2. In this paper, we’ll discuss the risk of missing the opportunity to use digital technologies to learn about consumers’ preferences and habits. We’ll show how leveraging contextual data and real-time analytics using artificial intelligence (AI) and Machine Learning (ML) can reduce marketing cost, attract hyper-targeted customers and create engaging consumer experience. Brands like Netflix and Amazon have pushed the envelope for customer recommendations and anticipatory service so much so that we are now entering the ‘advice era’, in which customer service is increasingly expected to be a function that offers more than just solutions to problems[i] . How can your brand ensure it’s able to match the proactive, predictive service of the likes of Netflix and Amazon and how can you harness AI technologies to improve your customer experience today, not in the future? On-demand and in real-time service expectations surpassing today’s smart agents who are not yet able to learn users’ everyday life created underwhelmed customers. Yet, AI’s ability to process massive amount of data fast and learn, has the potential, if contextual data is used, to provide companies with insights about how they can meet their customers’ just-in-time and just-in-place needs. Today, 81% of buyers who encounter gated content go elsewhere and research shows that responding to a new lead within five minutes of when they first reach out is crucial. Respond any later than that, and there’s a 10X decrease in the odds of getting in touch with that lead. To ensure leads can always get a response within that five-minute window, companies have been turning to conversational marketing[ii] . However, interactions with consumers need to be tailored to their context. Understanding consumer intent enhances the effectiveness of the conversation. Brands should then tap into context – time of day, day of week, user location and weather conditions – to tailor interaction, product recommendations, and offers, ….etc. © 2018 LIFEdata. All Rights Reserved. lifedata.ai 1
  3. 3. A 2016 survey of 6,000 consumers, spread across North America, Europe, and Asia, found that 9 out of 10 wanted to be able to use real-time messaging to have conversations with businesses. That same survey found that 66% of people preferred messaging over any other communication channel[ii] . For brand/consumer interaction, the user experience on mobile today primarily includes search and browse, both of which have their own place in the customer journey. But messaging as an interaction layer cannot be ignored any longer. Messaging is an organic interface for a customer to ask for ‘anything’ on-demand in a private, personal environment that truly replicates a concierge model, which was the original promise of mobile apps[iii] . Mobile is a critical part of the customer journey, but most consumer brands have not implemented successful mobile programs to date, with shockingly low ROI on all efforts. This is because they are relying strictly on branded apps and implementing advertising that does not take into account the uniqueness of the channel. Messaging As The New Browser Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves Steve Jobs © 2018 LIFEdata. All Rights Reserved. lifedata.ai 2
  4. 4. The major change occurring in online chat, is that it has traditionally relied on humans but now chatbots have arrived. According to a PwC report in 2017, 64% of consumers said they would rather have instant access to quality customer service than preserve the jobs of customer service reps[iv] . However, in the same year, stats revealed that chatbots on Facebook Messenger failed to answer queries 70% of the time[v] . The result has been a massive scaling back in brands using Messenger as a platform for chatbots. When a bot functions as a customer service rep, personal shopper, or research partner, natural language processing (NLP) proves critical but training a bot takes time and practice. Bots are just one component of digital technologies that could use permission marketing strategies based on supplying targeted lifestyle content in order to foster personalized recommendations and collect and monetize user data via cross-sell, up-sell, hyper- targeted, and proximity marketing. Bots feed on data, the more databases are linked to the bot, the more valuable it becomes for the users[vi] . Up until now, bots show notable deficiencies and often receive requests they cannot fulfil. Be There. Be Useful. Be Quick. IT ALL BECOMES ABOUT “ME”. People are taking search personally. Just as “near me” is a contextual signal that people want to find something based on their location, these searches for “me” and “I” are signals that people expect personally relevant content. Marketers who understand search intent and look for patterns in how people qualify their needs have a big opportunity [vii] . Customers expect a personalized shopping experience. That’s one of the best ways to increase engagement and sales. People should be encouraged to create a customer profile on websites or mobile applications to monitor their habits and give them special offers based on their browsing pattern or previous purchases[vii] . Personalization tactics make it easier to upsell and cross-sell to customers. Ultimately, this means selling more money without spending much. It is actually cheaper to target current customers than it is to acquire new ones. © 2018 LIFEdata. All Rights Reserved. lifedata.ai 3 +10% Conversion rate +14% CTR +26% Open rate Personalized messages to subscribers Personalized subject lines of emails
  5. 5. LIFEdata is a human-like Conversational AI As-a-Service technology to implement AI fast and generate value for businesses leveraging contextual, personalized interactions. LIFEdata learns user’s habits and preferences as they happen and delivers offers or experiences when they are needed using real-time knowledge. It reacts to what users do throughout the day to increase engagement based on a combination of individual’s biological, behavioral and psychological data, to enable individualized interaction and real time-engagement. LIFEdata personal assistant detects the change in the user’s context and make recommendations for the new context. LIFEData.AI’s personalized, automated conversation experiences deliver the right conversation at the right time based on the user’s profile, enabling businesses to manage resources and scale. Using engagement as a service allows companies to know their marketing spend per user and calculate its ROI, while achieving a more engaging and personalized customer interaction. Intelligence from Customer Interactions The full potential of connected devices is only achieved when they are tied to individual identities Gartner Report, The Identity of Things for IoT © 2018 LIFEdata. All Rights Reserved. lifedata.ai 4
  6. 6. Each interaction with a user has to fit its right context. LIFEdata platform understands the explicit intent of the user and the context of his life – the time of day, day of week, his location and weather conditions – to further tailor product recommendations, offers, etc. Hyper-targeted Marketing © 2018 LIFEdata. All Rights Reserved. lifedata.ai 5 The technology enables your brand to supply targeted lifestyle content in a timely manner, cross-sell, up-sell with hyper-targeted, proximity marketing through advanced CRM on live user data, hyperlocal advertising to support online to offline (O2O) consumer activation. A use case would be to target shoppers who are close to a store and offer hyper-personalized offers based on their custom profile and behavior to increase foot traffic and sales, or understand when shoppers are at the store to make tailored discount offers based on shopping history and consumption patterns.
  7. 7. ONLINE OR OFFLINE PERSONALIZED EXPERIENCES ARE KEY FOR SUSTAINED GROWTH AND REVENUES. Adidas recently unveiled its new and improved app, which is intended to be the best one yet. The app was designed so all of the brand’s fans go through an extremely customized experience. The app’s features include a personalized newsfeed, live chat for any inquiries and easy access to the full glory of Adidas’ online store. The newsfeed will include new product announcements and events, prioritized based on what the app already knows about the user. The app factors in a user’s gender, birthday and previous purchases to tailor this experience. Adidas wants to ensure all their consumers, from athletes to street style seekers, have an easy and personalized experience on the app. As more people turn to their mobile phones to make purchases and stay connected, working to perfect an app for the user is one of the best strategies in increasing online sales. Adidas says 60% of its online shopping happens on smartphones. Its goal is to keep improving the app so users keep coming back. Online and Offline Leadership © 2018 LIFEdata. All Rights Reserved. lifedata.ai 6 76% of websites now contain hidden Google trackers[ix] 24% percent have hidden Facebook trackers[ix] These two companies have amassed huge data profiles on each person, which can include your interests, purchases, search, browsing and location history, and much more. Princeton Web Transparency & Accountability Project
  8. 8. Companies that began experimenting a few years ago with software programs to automate mundane tasks are reaping tangible benefits now. Hundreds of software robots work alongside human employees at companies such as Ernst & Young and Walmart Inc. where they’re saving employees millions of hours of time from repetitive tasks that employees tend to enjoy less, and freeing them up to do more meaningful, thought-intensive more focused human work. The market for software robots, including those that incorporate artificial intelligence, is expected to grow to $2.9 billion by 2021, up from $250 million in 2016, according to Forrester Research Inc. Since January 2017, EY has deployed about 700 software bots internally throughout departments such as human resources, travel and accounting. They expect to save 2.1 million hours of employees’ time spent on repetitive tasks during the company’s last fiscal year, ending June 2018[x] . At AT&T Inc., more than 1,000 software bots have taken over routine, repetitive tasks for human employees, up from about 200 in mid-2016. A software robot that’s capable of scanning phone calls to AT&T’s customer service division and compiling network traffic reports has been particularly useful over the past year, employees say[xi] . New Organizational Efficiency “My time isn’t spent compiling and conditioning data anymore, it’s spent analyzing it,” said an engineer for AT&T. Wall Street Journal © 2018 LIFEdata. All Rights Reserved. lifedata.ai 7
  9. 9. 8 CHALLENGE A prime food company leader in its industry is main sponsor in several sports. The company is managing separately sponsorship, social media, website, mobile apps and their presence on the websites of athletes and federations that they sponsor. CRM was not smooth as they are not having a sole data foundation for the same user. BUSINESS NEEDS The client decided to integrate LIFEdata technology on their website, social media channels and mobile apps to recall their sponsorships and create an active engagement through biomarketing. Instead of managing passively important sponsorship investments, the client went the extra-mile building a contextual initiative around sponsorship, nutrition, their values and their offer. For example, based on the user’s sport preference each user is getting specific educational content, personalized food recommendations and the client’s products are proposed contextually based on the user preferences/intent. SOLUTION If the user is geolocated on the mountains or liking winter sports, he will get personalized nutrition recommendations targeted to his preferences, these sports and location with sponsored content by winter sports athletes endorsing the company in contextualized, personalized recommendations. Mobile Engagement Through Biomarketing For Premiere Food Company © 2018 LIFEdata. All Rights Reserved. lifedata.ai BUSINESS CASE
  10. 10. BUSINESS CASE 9 CHALLENGE Suisse Life Science introduced LIFEdata solutions to deliver value with actionable, personalized nutritional, metabolic and lifestyle guidance from genetic testing. BUSINESS NEEDS With the increased use of the Internet for medical information, consumers have become medical consumers not just patients. This has created a change in the doctor/patient relationship as individuals become more knowledgeable about their own health and want more control over their personal information and treatment decisions. Physicians, meanwhile, are concerned about giving patients too much access to information they may not properly understand. Even many doctors aren't well-trained in the clinical implications of genetics and genomics.   SOLUTION A personalized health program that fits patients’ lifestyle and habits starting from a conversational AI genetic counsellors guides individuals towards personalized healthy eating and nutrient deficiencies prevention. This solution enhances the citizens’ perception of public service and delivers back unvaluable insights to the institutions. Personalized Nutrition From DNA © 2018 LIFEdata. All Rights Reserved. lifedata.ai
  11. 11. © 2018 LIFEdata. All Rights Reserved. lifedata.ai 10 References [i] “How to use AI to anticipate, advise and improve experiences” By 24/7 on April 2018 https://www.mycustomer.com/resources/ webinar-ondemand-how-to-use-ai-to-anticipate-advise-and-improve-experiences [ii] “State of Conversational Marketing 2017 ” Drift + Clearbit 2018 https://blog.drift.com/wp-content/uploads/2017/10/State-of- Conversational-Marketing.pdf [iii] “MESSAGE TO MARKETERS: MOBILE CHAT IS THE NEXT KILLER APP ” By Puneet Mehta, Adage, April 2015 http://adage.com/article/ digitalnext/message-marketers-mobile-chat-killer-app/297951/ [iv] “Bot.Me: A revolutionary partnership How AI is pushing man and machine closer together ” PWC, 2017 https://www.pwc.com/us/ en/industry/entertainment-media/publications/consumer-intelligence-series/assets/pwc-botme-booklet.pdf [v] “Facebook Inc’s Chatbots Hit a 70% Failure Rate” Leo Sun, Feb 2017 https://www.fool.com/investing/2017/02/28/facebook-incs- chatbots-hit-a-70-failure-rate.aspx [vi] “How to Train Your Bot: Best Practices in Managing and Measuring Bots ” Robert LoCascio, Sep 2018 . https:// www.liveperson.com/connected-customer/posts/how-train-your-bot-best-practices-managing-and-measuring-bots [vii] “The rise of personal searches: How can content marketers take advantage?” Emma Derbyshire, Feb 2018 https:// searchenginewatch.com/2018/02/16/the-rise-of-personal-searches-how-can-content-marketers-take-advantage/ [viii] “15 Email Personalization Stats That Might Surprise You ” KIM COURVOISIER - AUG 17, 2017https://www.campaignmonitor.com/ blog/email-marketing/2017/08/15-email-personalization-stats-might-surprise-you/ [ix] “Google and Facebook are watching our every move online. It’s time to make them stop” CNBC, Feb 2018. https://www.cnbc.com/ 2018/01/31/google-facebook-data-privacy-concerns-out-of-control-commentary.html [x] “No Coffee Breaks Needed: Companies Add Software Robots to Workforce” WSJ, By Sara Castellanos Mar 2018 . https:// blogs.wsj.com/cio/2018/03/22/no-coffee-breaks-needed-companies-add-software-robots-to-workforce/ [xi] “AT&T’s 1,000 Software Robots Are Doing Boring, Repetitive Work For Humans” WSJ By Sara Castellanos, Feb 2018. https:// blogs.wsj.com/cio/2018/02/05/atts-1000-software-robots-are-doing-boring-repetitive-work-for-humans/ [xii] https://www.platejoy.com/ https://lifesum.com/premium/ http://vitafive.com/
  12. 12. We believe organizations are underutilizing data. Only 13% are leveraging their investments to realize both cost saving efficiencies and new business growth. The right technology combinations will vary across industries, and will change over time as technologies evolve. What’s more, the mix required to lower costs differs from that best suited to driving top-line growth. LIFEdata creates end-to-end Artificial Intelligence solutions for enterprise brands who want an easier way to communicate the right information, at the right place, in real-time to their customers. CONNECTING THE DOTS BETWEEN LIVING DATA.  It’s not about the data, it’s about what you do with the data in terms of making sense of it. We help clients discover hidden patterns in data and capitalize on these insights. We transform businesses by shaping the way people interact with them. MAKING YOUR BUSINESS PERSONAL. AT SCALE.  The most growth lies deeper in the customer experience.
 We specialize in experimentation across all the customer journey to grow your revenues. We develop tools to collect and organize data, then create interventions and platforms that utilize the insights gained from that data for targeted interactions based on biomarketing and quantified biology (behavioral engagement from biometric data and connected devices). © 2018 LIFEdata. All Rights Reserved. info@lifedata.ai lifedata.ai DISCOVER HOW AI CAN GROW YOUR BUSINESS. We’ve ready-to-market solutions that can deliver the benefits of AI to your business in less than 4 weeks. Get in touch for a demo. lifedata-conversational-ai AI | Bots | Voice | Digital | Blockchain | Business Transformation

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