Chatbots may bring $12-bn biz for digital commerce firms
Business Standard|March 04, 2023
With a rising number of digital commerce firms employing their services, chatbots may bring them about $12 billion in business revenue. This is according to Swapan Rajdev, the chief technology officer and co-founder of Haptik, a leading player in the chatbot world. Digital commerce firms range from companies engaged in e-commerce and insurance to financial services, banking, travel, hotels, and gaming.
SURAJEET DAS GUPTA
Chatbots may bring $12-bn biz for digital commerce firms

Over the next three years, chatbot companies in India are projected to generate over 20 per cent of business revenues of their customers that run digital commerce platforms, thanks to technologies such as the artificial intelligence (AI)-based ChatGPT.

With the use of ChatGPT, the conversations that bots have with customers will become more natural, conversational, and sympathetic.

Rajdev, in whose firm Reliance has a majority stake, says that while figures are hard to come by, his estimates suggest that Haptik's small and medium enterprise (SME) clients currently generate as much as 50 per cent of their business revenues through chatbots. It's a very different story for big companies; it's only 3-4 per cent for them.

"In the next three years, the India average could easily hit 20 per cent," says Rajdev.

この記事は Business Standard の March 04, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の March 04, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
Business Standard

At 122, harmful AQI days in 2024 six more than last year

Number of days with air AQI between 0 and 200 in Delhi has stood at 201 this year so far

time-read
2 分  |
November 21, 2024
Cricket's heavyweights pad up for pitch-perfect battle Down Under
Business Standard

Cricket's heavyweights pad up for pitch-perfect battle Down Under

\"Hello, and welcome to all our international viewers to the WACA Ground in Perth..,' For many, the understated, mellow Voice of Richie Benaud served as a window into a distant land where cricket was loud, aggressive, and played in colossal amphitheatre-like stadia.

time-read
3 分  |
November 21, 2024
Govt prepares logistics plan for metros to tackle traffic, pollution
Business Standard

Govt prepares logistics plan for metros to tackle traffic, pollution

The Centre has prepared a 'City Logistics Plan' for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday.

time-read
1 min  |
November 21, 2024
NOT SO HOT ON HYBRID
Business Standard

NOT SO HOT ON HYBRID

A new report says EVs ancl CNG vehicles will outpace hybrids byfar

time-read
2 分  |
November 21, 2024
Voltas Well placed to improve market share
Business Standard

Voltas Well placed to improve market share

Analysts positive on volume-led growth that will reflect in stock price

time-read
3 分  |
November 21, 2024
Domestic business, lower guidance to weigh on PI Industries
Business Standard

Domestic business, lower guidance to weigh on PI Industries

PI Industries reported a revenue growth of 5 per cent year-on-year (Y-o-Y) in Q2FY25, led by a surge in the custom synthesis and manufacturing (CSM) segment and the export business, which posted 10 per cent growth.

time-read
2 分  |
November 21, 2024
Business Standard

CIEL HR files draft papers, eyes ₹335 crore via fresh issue

Chennai-based CIEL HR Services, which provides technology-driven human resources solutions, on Wednesday filed a draft red herring prospectus with markets regulator Sebi to raise funds through initial public offering (IPO).

time-read
1 min  |
November 21, 2024
Maharashtra poll results unlikely to move markets
Business Standard

Maharashtra poll results unlikely to move markets

The outcome of the Maharashtra Assembly elections is unlikely to shake domestic markets that have other bigger developments to worry about, according to analysts.

time-read
1 min  |
November 21, 2024
Business Standard

Period of easy returns now over, taper expectations: Motilal Oswal

The period of easy returns where rising tide lifts all boats is likely over, Motilal Oswal Private Wealth said in a recent note, citing the likelihood of a moderation in corporate earnings growth in the coming years.

time-read
1 min  |
November 21, 2024
SMEs voice concern over tighter IPO norms
Business Standard

SMEs voice concern over tighter IPO norms

Sebi has proposed an overhaul of SME IPO rules to curb fund diversion and malpractices

time-read
2 分  |
November 21, 2024