Conversational AI is the use of speech-based assistants (such as chatbots, voicebots) in order to create an easier and more user-friendly experience for the customers.
AI unmasked: What is conversational AI
When Big Data is not so big anymore
We are inundated with information. There is so much information around us they coined a special term - Big Data. To emphasize the sheer size of it.
It is, of course, a problem - to deal with a large amount of data. Various solutions have been created to address it efficiently.
At nmodes we developed a semantic technology that accurately filters relevant conversations. We applied it to social networks, particularly Twitter. Twitter is a poster child of Big Data. They have 500 million conversations every day. A staggering number. And yet, we found that for many topics, when they are narrowed down and accurately filtered, there are not that many relevant conversations after all.
No more than 5 people are looking for CRM solutions on an average day on Twitter. Even less - two per day on average - are asking for new web hosting providers explicitly, although many more are complaining about their existing providers (which might or might not suggest they are ready to switch or looking for a new option).
We often have businesses coming to us asking to find relevant conversations and expecting a large number of results. This is what Big Data is supposed to deliver, they assume. Such expectation is likely a product of our ‘keyword search dependency’. Indeed, when we run a keyword search on Twitter, or search engines, or anywhere we get a long list of results. The fact that most of them (up to 98% in many cases) are irrelevant is often lost in the visual illusion of having this long, seemingly endless, list in front of our eyes.
With the quality solutions that accurately deliver only relevant results we experience, for the first time, a situation when there are no longer big lists of random results. Only several relevant ones.
This is so much more efficient. It saves time, increases productivity, clarifies the picture, and makes Big Data manageable.
Time for businesses to embrace the new approach.