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Why Chatbots Are Such A Big Opportunity?

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You are probably wondering “Why does anyone care about chatbots? They look like simple text based services… what’s the big deal?”

Great question. I’ll tell you why people care about chatbots.

It’s because for the first time ever people are using messenger apps more than they are using social networks.

People are using messenger apps more than they are using social networks.

“People are now spending more time in messaging apps than in social media and that is a huge turning point. Messaging apps are the platforms of the future and bots will be how their users access all sorts of services.” — Peter Rojas, Entrepreneur in Residence at Betaworks

So, logically, if you want to build a business online, you want to build where the people are. That place is now inside messenger apps.

Major shifts on large platforms should be seen as an opportunities for distribution. That said, we need to be careful not to judge the very early prototypes too harshly as the platforms are far from complete. I believe Facebook’s recent launch is the beginning of a new application platform for micro application experiences. The fundamental idea is that customers will interact with just enough UI, whether conversational and/or widgets, to be delighted by a service/brand with immediate access to a rich profile and without the complexities of installing a native app, all fueled by mature advertising products. It’s potentially a massive opportunity.” — Aaron Batalion, Partner at Lightspeed Venture Partners

This is why chatbots are such a big deal. It’s potentially a huge business opportunity for anyone willing to jump headfirst and build something people want.

“There is hope that consumers will be keen on experimenting with bots to make things happen for them. It used to be like that in the mobile app world 4+ years ago. When somebody told you back then… ‘I have built an app for X’… You most likely would give it a try. Now, nobody does this. It is probably too late to build an app company as an indie developer. But with bots… consumers’ attention spans are hopefully going to be wide open/receptive again!” — Niko Bonatsos, Managing Director at General Catalyst

But, how do these bots work? How do they know how to talk to people and answer questions? Isn’t that artificial intelligence and isn’t that insanely hard to do?

Yes, you are correct, it is artificial intelligence, but it’s something that you can totally do yourself.

Credit: https://chatbotsmagazine.com/the-complete-beginner-s-guide-to-chatbots-8280b7b906ca

Thanks to Matt Schlicht