when client asks

I am regularly approached by businesses that sell to other businesses to help them market and promote their brand on social networks.

And so I noticed that some of them have a vague idea of how social media works and the sustainability it offers. They often see social marketing as yet another way to advertise and sell their products, in the same manner they are accustomed to do on traditional marketing mediums. Not surprisingly it usually results in frustration.

While I saw companies successfully sell on social, they are typically limited to mass consumer oriented B2C verticals, such as fashion and apparel, travel and hospitality. There is a segment of online shoppers, sometimes called ‘impulse shoppers’, that makes purchases straight off the Twitter timeline, yet the majority of us go to social networks for different reasons. Certainly no one is buying an insurance policy, or a house, or a CRM solution there.

The success of social media and its importance for business is in its unique ability to build trust.

For B2B, as well as for the majority of consumer-oriented businesses, this is where the real value of social marketing lies. A more detailed discussion here

And so that means approaching social media strategically.  First know precisely why you want to engage, understand clearly how it will help you grow the business. Then, if you are convinced of social media’s importance for the success of your business, start taking practical steps.  Obviously very company is different, but here are some observations that are pretty generic:

- Plan long-term. Don’t expect results after one month. Not even after two months.

- Do not do social media just because ‘everybody’ is doing it.  When people have strategy their choice is between social tools X or Y or Z. It typically comes early in the conversation. And when people say ‘I’ll try it for a month and see if it brings results’ or ‘I want to see how my friend/my competitor is making out before deciding’ it usually indicates a lack of strategy, because it implies a choice between tool X and doing nothing. In that case, better do nothing.  

- Social media does not substitute sales. It is however one of the most efficient ways to grow sales Here is a good explaination

Social media’s importance for B2B business is increasing. More and more owners and executives are inquiring how they can succeed in the new environment. As usual, the earlier you start the better are the chances.

While Chatbots have been around for a little while now, their presence is more noticeable thanks to Facebook and Microsoft’s recent advancements.

Initially customers complained about the robot-like experience and the limited functionality of first generation bots and rarely found them useful. The customers were skeptical about how valuable in practice chatbots actually are, which has left recent AI vendors like nmodes with the task to combat the leftover stigma from the poor customer experiences and shortcomings of these initial offerings.

Chatbots, like an IVR?

We’re all used to calling into a contact center and punching numbers into a menu to be routed to the correct agent or service to address our needs. Interactive Voice Response solutions (IVRs) drive this interaction and are basically If/then routing trees that “listen” to the digit entered and “transfer” the user to the appropriate next step. While tremendous advancements in technology have brought voice recognition capabilities, those first generation IVRs were all about automated actions based on prompts.  Enter your account number, press 1 to speak to an agent, etc…

The first generation Chatbots are just like an IVR. They can respond to prompts to progress through a predetermined process or display some canned information like pricing, a contact number, route to an agent, etc., but that was about the extent of it. Still 1^stgeneration Chatbots came with 4^thgeneration expectations. While these basic functions have tremendous value to a business, the customer expectation is very different when dealing with a phone call vs. a chat session. Consumers have experienced IVR routing for decades whereas chat is still relatively new and is perceived as a conversation with a person, rather than interacting with a machine. Add on the fact that many vendors and consumers mislabeled Chatbots as Artificial Intelligence in the beginning and the expectation of a dynamic, responsive customer experience is even greater.

So it’s no surprise that customers were less than impressed with “Artificial Intelligence” that could only display simple answers and basic information. We were expecting Hal from 2001: A Space Odyssey or KIT from Knight Rider, and we got a pixelated PONG instead.

Let’s talk…

Now, Artificial Intelligence has evolved to be integrated into Chatbots to deliver a more powerful user experience.  While these new versions of Chatbots coming out are powered by Artificial Intelligence, AI powered chat also exists independent of bots in some instances. Confusing? Yeah, I was too.

The beauty behind true Artificial Intelligence is its ability to recognize the context of a conversation and respond with relevant, contextual information dynamically. A customer can now “speak” to technology the same way they would hold a conversation and the AI has the ability to “read” the customer’s intent to provide information quickly and efficiently. No more are you limited to a set of canned responses. The AI can reach in to a wider array of relevant information to craft unique responses based on any number of criteria. While in most cases AI is still limited to a few topics per use case, the technology is growing quickly, making almost daily improvements in functionality and customer experience.

What is even cooler is that the longer the AI is deployed, the more it “learns” and improves the speed and quality of responses. So while the scope of AI interactions is limited at first, the maturity curve is quick, delivering an ever-improving customer experience without having to invest in additional people, processes, or technology. It really is like a “growing up” of technology, right before your eyes.