+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This is how AI will rip the role of humans in Marketing and Sales

Nov 21, 2016, 17:47 IST
One of the better applications of natural language processing and AI comes in the context of inbound lead follow-up for sales, where an intriguing question has emerged: If customers drawn in by email can tell whether they're speaking with a computer or a human, would it eventually influence their decision making? The answer is obviously YES.
Advertisement

AI has discovered its place in a useful application—the lead conversion handle. It can qualify multitudinous leads without expanding office space. So far as that is concerned, it likewise diminishes the hiring, training, and advantages costs connected with scaling up an inside sales team. Having the capacity to qualify leads using a virtual, AI-based communication system can defeat quite a bit of what ails the commonplace sales and marketing power.

Lead Filtering

Without automation, sales professionals can squander days dealing with leads and following up. A.I. incorporated with sales stages can channel through those leads in light of data patterns. The final product is a rundown of leads that will probably in the end buy your product or service. Maybe the best part is that A.I. instruments are basically giving counsel on what the salesperson ought to do next.

Customer Interaction

Advertisement

Customer service is as of now a top need for some organizations, whether despite everything they're accepting calls in house or they've outsourced call centers. Greater brands have begun to utilize data analytics to personalize their customer service, leading customers to expect that level of customization when they call for offer assistance. A.I. can even the busiest call centers make a more helpful customer encounter.

Size

The automatic reaction to a hefty portion of these issues is to just contract more inside sales reps. Yet, there are pitfalls. Hiring and on-boarding a sales rep can take six months or more. Sales reps that are slow in ramping up miss sales targets and de-spur whatever is left of the team, and most organizations basically can't afford to wait six months before new contracts are up to speed. Also, new reps require salaries, health insurance, training, work areas, phones, computers… and exactly when all that is set up, they move on.

By contrast, AI-controlled virtual sales assistants are low-maintenance team members. They work day in and day out, don't leave for more money, don't take vacations or wiped out days, never request a raise.

While issues with lead quality and follow-up have tormented sales and marketing teams since the get-go, today's AI solutions can moderate, if not dispense with, them while enhancing sales closing rates.
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article