![]() ![]() The bot currently supports limited Indian languages but is being trained with new languages through multiple collaborations.Ĭhatbot software that incorporates advanced technical characteristics like a natural language processor (NLP), interference engine, cloud-based deployment, application programming interface (API), and multichannel is anticipated to open up lucrative market potential. ![]() Still, at the nascent stages of development, the WhatsApp chatbot is expected to offer easy access to information in the local language through a mobile phone. ![]() Jugalbandi bot leverages ChatGPT-like generative AI technology to help users get responses beyond 22 officially recognized languages in India. The multilingual Jugalbandi AI chatbot uses GPT models via Azure OpenAI service to help users easily access govt schemes. On May 24, 2023, Microsoft unveiled a new WhatsApp chatbot, Jugalbandi, designed for farmers and other users living in rural India. Existing characters include chatbots that simulate personas like gassy, flirty unicorn, singer Ariana Grande, and more. The app works like the chatbots on its website, allowing people to interact with characters previously created by users or to make their own. On May 25, 2023, Character.AI, a chatbot startup, rolled out its first mobile apps for iOS and Android mobile devices that let users create and converse with chatbots. TikTok has also submitted a trademark application for Tako. Tako's third-party generative AI model source has yet to plan a wider rollout. The chatbot is developed by Watchful.ai, an Israeli app intelligence firm for finding content on the social media video app. On May 26, 2023, TikTok announced that it has begun testing a generative AI chatbot - Tako. Now enterprises can seamlessly cover their external and internal communications via GMS' one-stop-shop solution, integrating with their existing workflows. GMS' AI Chatbots solution uses Natural Language Understanding (NLU) and advanced context-based AI to help enterprises improve their customer experience, provide support, and drive engagement while reducing and optimizing costs.Įnterprises can deploy the solution with additional consultancy options on-premise or in the cloud to get help with the deployment and management of their chatbots. On May 25, 2023, Global Message Services (GMS) launched its enterprise AI Chatbots solution, enhancing customer care, HR & recruitment, and marketing & sales capabilities. These advantages have fueled the expansion of the BFSI chatbots market. Additionally, the use of chatbots has significant advantages for the BFSI industry, such as a rise in net promoter score (NPS), an increase in consumer convenience in terms of product offerings, and a reduction in response times. The market is growing as people become more aware of chatbots and their advantages, such as 24/7 service availability, higher response capacity, increased return on investment (ROI) for customer support, and simpler procedures for recurrent inquiries. ![]() Increased understanding and benefits of chatbots over traditional customer support solutions Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review The major driving factor of the market is the extreme use of online messaging. The market is driven for the past decade by the help of artificial intelligence. The Chatbots Industry is highly popular industries because of its multiple functionalities and applications. These are developed based on artificial intelligence to complete any task. This technology is accessed by users through the internet. A chatbots is a conversational character that is developed to interact with humans through communication gateways. The Chatbots industry is projected to grow from USD 4.92 Billion in 2022 to USD 24.64 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 23.91% during the forecast period (2022 - 2030). Ice, Electric, Hybrid, Autonomous VehiclesĬhatbots Market Size was valued at USD 2.47 Billion in 2021.Information And Communications Technology ↠. ![]()
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