We had an interesting chat with our client about their website's traffic and bounce rate, which was around 65%. They asked us, “If my AI agent is giving accurate answers, wouldn’t the average visit duration decrease, and the bounce rate increase because visitors aren’t visiting other pages and are stuck on the landing page?” This got us thinking. " Bounce rate and visit duration can be misleading." A lower bounce rate and higher visit duration might mean users are struggling to find what they need, jumping from page to page. - But if the AI agent is nailing it with the right answers, visitors might either: Stick around and explore more, reducing the bounce rate, or - Leave satisfied and come back later, increasing bounce rate for the right reasons. In the latter case, a higher bounce rate indicates a recurring visitor who trusts your site and your AI. This eventually leads to a potential sales. So, let's not get too hung up on these metrics. It’s all about delivering value and building trust. We have covered this in the blog here https://lnkd.in/gb6WeYgE
Chatsimple’s Post
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#AI is here to stay, and those who use it effectively will be the winners in the market. Some food for thought for #MSPs considering how to use #artificialintelligence to grow their business.
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Most businesses will not be competitive if they fail to implement AI into the following: 1. Content generation. This will lead to prospects that can be turned into paying clients. 2. Customer metrics. This will help you identify specific needs of your customers and assist you in offering highly curated products/services that they will cherish. 3. Business Intelligence. This will help you focus on key input metrics that actually produce business results. ... We are in the Era of a 4IR. Most business processes are going to be automated by a 24/7 sleepless AI model. Get ahead while you still have the chance. Those who implement AI will see geometric growth and unfair advantages over the market.
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Here’s how we see the role of AI evolving in the financial services industry in 2024 & beyond… 👇 Currently, the financial services sector primarily uses AI in three areas: 1) Investments and Planning 2) Customer Support at Large Institutions 3) Enhancing Client Conversations (which we’re working on) Here’s how we see the role of AI evolving in the third area: So, advisors today not only have to take notes and extract relevant information, but they also have to remember this information in consecutive meetings that are sometimes years in the future. Take this example: If a client expressed interest in purchasing a vacation home a year and a half ago, recalling and following up on that topic can get difficult. By using AI and comprehensive data from each client meeting, we can begin to connect these discussions and highlight key points or missed discussions that may be pertinent to revisit. We foresee this capability developing within the next 12 months, and this advancement is just the initial step. This will ultimately evolve into AI agents helping the advisor. What are “AI Agents”? Well, an agent is a form of AI that is designed to perform a specific task. For example, advisors will be supported by an agent that grasps the nuances of conversations and the connections between them, such as the client's history over recent years. This agent will not only identify potential issues but also proactively suggest actions for the advisor to consider, enabling them to better address client needs, without having to review every detail. This will empower advisors to effectively manage a larger number of households while simultaneously enhancing the service quality. However to achieve this level of service, you need a lot of data. Today this would involve a lot of manual data entry and review. AI agents will be able to streamline this time-consuming task Although AI and agents will support this process, we think that recommendations will ultimately be presented to the advisor for anything non-trivial, because that’s where the trust and expertise is from the client's point of view… This is our outlook for the financial services industry. What do you think? In what ways do you see AI transforming the industry? #ai #realtimecommunication #financialservices
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Here’s how we see the role of AI evolving in the financial services industry in 2024 & beyond… 👇 Currently, the financial services sector primarily uses AI in three areas: 1) Investments and Planning 2) Customer Support at Large Institutions 3) Enhancing Client Conversations (which we’re working on) Here’s how we see the role of AI evolving in the third area: So, advisors today not only have to take notes and extract relevant information, but they also have to remember this information in consecutive meetings that are sometimes years in the future. Take this example: If a client expressed interest in purchasing a vacation home a year and a half ago, recalling and following up on that topic can get difficult. By using AI and comprehensive data from each client meeting, we can begin to connect these discussions and highlight key points or missed discussions that may be pertinent to revisit. We foresee this capability developing within the next 12 months, and this advancement is just the initial step. This will ultimately evolve into AI agents helping the advisor. What are “AI Agents”? Well, an agent is a form of AI that is designed to perform a specific task. For example, advisors will be supported by an agent that grasps the nuances of conversations and the connections between them, such as the client's history over recent years. This agent will not only identify potential issues but also proactively suggest actions for the advisor to consider, enabling them to better address client needs, without having to review every detail. This will empower advisors to effectively manage a larger number of households while simultaneously enhancing the service quality. However to achieve this level of service, you need a lot of data. Today this would involve a lot of manual data entry and review. AI agents will be able to streamline this time-consuming task Although AI and agents will support this process, we think that recommendations will ultimately be presented to the advisor for anything non-trivial, because that’s where the trust and expertise is from the client's point of view… This is our outlook for the financial services industry. What do you think? In what ways do you see AI transforming the industry? #ai #realtimecommunication #financialservices
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Stop guessing, start predicting! Harness AI to know exactly what your clients need. #AIPrecision Read our latest blog that unveils the power of AI for Business Services. Explore how AI can help you target the right clients, personalize strategies, mitigate churn, and drive sustainable growth. And the best part—achieve guaranteed 5x ROI in 6-8 weeks and pay us only when KPIs are met. Ready to uncover your gold leads? Dive right in! #AI #ML #ConsequentialAi #B2BCustomerAi #BusinessGrowth #DataAnalytics #Blog
ElectrifAi | AI Unleashed: Accelerating Growth in Business Services
electrifai.com
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AI Search verified ✅ 📈 Prefixbox's AI Search Engine, utilizing cutting-edge Vector Search technology, has delivered significant improvements in the most essential business KPIs for our long-term partner, Praktiker Hungary: 💰 +25.7% Revenue increase 🛒 +25.4% Average Order Value increase 🔎 +5.4% Search Result Click increase Curious how we achieved this? Check the full case study 👉 https://lnkd.in/dqEVjufN
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Ensure that your AI projects have a clear sense of purpose and motivation to address user needs effectively. Implement proper planning and strategy to avoid being labeled as reacting out of panic to competition. Utilize browser extensions or configure settings to switch off Google's AI Overviews if they are causing legal complications or unwanted summaries. AIstrategies CompetitionPlanning UserNeeds BusinessDecisions At Grow Scale Win™, we're all about using AI to enhance productivity and efficiency. That's why we've built the AI Growth System™, a truly holistic approach to growing your business. You get a personalized growth strategy and a full suite of AI powered tools to generate leads, nurture prospects, and close sales. Learn more at www.growscalewin.com. DM us with any questions. Read more about this post here: https://lnkd.in/ez_78sXn
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CMO, Strategic Growth Advisor, Mentor, Speaker, and Author |One Weekend Marketing Strategy (OWMS) creator
AI Fatigue? Using the buzzwords "AI" or "artificial intelligence" actually decreases likelihood of purchase due to distrust...and it increases with more expensive or "high-risk" purchases (think high-end electronics and health or financial software) “When AI is mentioned, it tends to lower emotional trust, which in turn decreases purchase intentions...We found emotional trust plays a critical role in how consumers perceive AI-powered products. We tested the effect across eight different product and service categories, and the results were all the same: it’s a disadvantage to include those kinds of terms in the product descriptions." https://lnkd.in/emaQr4K9
Using the term ‘artificial intelligence’ in product descriptions reduces purchase intentions
https://news.wsu.edu
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2.5 billion blog posts are published each year. But it’s impossible to read that much content. So, ignore the 2,499,999,992 that aren’t worth your time. And just read these 8: 8️⃣ Reasons Small Biz AI is a Game-Changer 🚀 1️⃣ Saves time on tasks! No more boring paperwork. 2️⃣ Smart insights = smart decisions. 🧠 3️⃣ Personalized AI? Yep, it's like a digital tailor just for you. 4️⃣ Costs less than your daily coffee run! ☕ 5️⃣ Easy as pie to use, even if tech isn't your jam. 6️⃣ Keeps you ahead of the curve. 📈 7️⃣ Support? We got you. Call us, we're friendly! 8️⃣ You + AI = Growth. Simple math. 🌱 Wanna dive deeper? Hit us up at 681-222-0334 or swing by https://lnkd.in/ezEGA5mn 📲 Share your AI dreams below or tag a small biz owner! 💬 #SmallBusiness #ArtificialIntelligence #BusinessGrowth #WhyWorkWhenWeGotRobots #TheSmallBusinessAIGuy #SBAi #Ai #SmallBusiness
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🎉 Amazing news for businesses that have many leads and can’t follow up with all of them! 🎉 Introducing bland.ai – a game changer for you. It works as your setter or customer service representative, reaching out to your leads and providing the best answers over a quick phone call, all at the low cost of $0.09 per minute. But what if you could take it to the next level? Imagine combining Bland AI with a messaging AI sales and customer service tool like maax.ai to create a game-changing AI sales team. With this powerful combination, you’ll not only reach more leads but also engage them effectively, providing seamless customer service and driving sales like never before. Ready to revolutionize your sales approach? Contact meto learn more or send fire🔥 in the comments. Try bland.ai for free👇🏻 https://lnkd.in/gG_6cr4K Farhad Rahgozar Lions Digital Studios #AI #marketing #salesAI #helium8 Bland AI
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AI Clinics | AI4Business | Helping small business owners grow, thrive and feel alive again! Let's bin some of those hats you wear ALL DAY LONG. #SME #Solopreneur #StartUpLife #Innovation #AI
1moLooking forward to the webinar 👍🏻