Chatbots to Drive 50% of Consumer Spending by 2025

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    "Spending From Own Pocket For Sanguem IFFI Program, File RTI To Find Out About Spending"

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  • Consumer spending good in Q3, to be even better in Q4: Arvind Singhal, Technopak

    Consumer spending good in Q3, to be even better in Q4: Arvind Singhal, Technopak

    October to December 2019 has been a very good quarter as far as consumer spending goes and most well managed, well performing companies would declare very good numbers for that quarter. Overall, this financial year should be a decent year as far as consumer spending goes, says Arvind Singhal, CMD, Technopak in an interview with ETNOW.

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    Watch Consumer spending good in Q3, to be even better in Q4: Arvind Singhal, Technopak With HD Quality

    By The Economic Times| 137 views

  • Consumer spending on mobile apps

    Consumer spending on mobile apps

    A recent data point shows, the #mobileapp industry is expected to be worth $935 billion by 2023. After years of impressive growth and mobile apps reaching more people than ever, the global app industry saw a downturn in 2022, the first one in the market's history.


    The global consumer spending on mobile apps dropped by a massive $3bn last year. Last year, consumers downloaded 255 billion mobile apps to their connected devices, 10% more than in 2021 and up by 82% from 140 billion seen in 2016.


    The number of downloads is expected to grow and hit over 262 billion this year. By 2025, this figure is expected to jump to over 300 billion. In 2022, gross consumer mobile app spending amounted to $167 billion, down from $170 billion in 2021.


    One possible reason is market saturation. The mobile app market is highly competitive, and there are millions of apps available on app stores. As a result, consumers may be more selective about which apps they choose to spend money on.


    Another reason could be subscription fatigue. Many apps offer subscription-based models, which can quickly add up in cost. This may lead to consumers becoming more hesitant to commit to ongoing payments, which could result in a drop in spending on mobile apps.


    #Securityconcerns: Some consumers may worry about the security of their personal and financial information when using mobile apps to make purchases. They may be concerned about data breaches or hacking, which could lead to identity theft or financial loss.

    #Increasingusability issues: Some mobile apps may be difficult to use or navigate, which can be frustrating for consumers. They may prefer to use a traditional website or in-person shopping experience instead.

    #Limitedpayment options: Some mobile apps may only accept certain types of payment, such as credit cards or digital wallets, which may not be convenient for all consumers.

    # Lack of trust

    By VARINDIA| 24 views

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    What is Google Drive In Mobile Phone ? How to use Google Drive In Mobile phone? Google Drive Kya hai

    What is Google Drive In Mobile Phone ? How to use Google Drive In Mobile phone? Google Drive Kya hai
    Email Id - pradeepmauryak.09@gmail.com
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    Watch What is Google Drive In Mobile Phone ? How to use Google Drive In Mobile phone? Google Drive Kya hai With HD Quality

    By Mobile Technical Guru| 17490 views

  • Rising of LLM Chatbots

    Rising of LLM Chatbots

    With the advent of LLM (large language models)-based chatbots and virtual assistants, customers can now interact with businesses in a more natural and conversational manner. This has been a significant step forward in providing a better customer experience throughout the customer journey. As a result, LLMs have become a go-to solution for companies looking to enhance their customer support, sales and marketing efforts.


    First came the large language models (LLM), and then came the chatbots, or LLM chatbots, if you may call them – the likes of ChatGPT, Bard, Ernie, Claude and others.


    The battle for AI supremacy has already begun, with OpenAI and Microsoft leading the race to develop next-generation AI models integrated across many products and services. This includes Bing Search, Bing Chat, Microsoft Teams, and Microsoft Office 365. Similarly, Google has also started experimenting with its conversational AI chatbot, Bard, powered by its large language model, LaMDA. However, this is expected to be launched in a phased manner or accessible to select groups only.


    While Google, Microsoft, and now Baidu are at it, it is only a matter of time before others join the race, especially those who have already built large language model capabilities, including Amazon, Huawei, AI21 Labs, and LG AI Research, NVIDIA and others.


    This highlights the growing reliance on AI to enhance customer experience and streamline interactions. With chatbots becoming increasingly human-like in their conversations, there are numerous opportunities for businesses to use this technology to improve marketing strategies, deliver personalized services and generally drive efficiencies.


    LLMs influenced by ChatGPT can help organisations display their material to clients in a more engaging way by adding various conversational styles and content tones.

    Today's Headline in NewsHours
    0:00 Intro
    2:25 DU unveils adm

    By VARINDIA| 18 views

  • AI chatbots to change the behaviour of internet

    AI chatbots to change the behaviour of internet

    Sources reveal that the big tech giants will be integrating #ChatGPT or similar technology into their search products, allowing people to get direct answers or engage in a conversation, rather than merely receiving a list of links after typing in a word or question. How will this change the way people relate to search engines? Are there risks to this form of human–machine interaction?


    #ElonMusk was one of the first investors and backers of #OpenAI, which created ChatGPT. However, he now believes that it has become closed-source. AI is one of the greatest threats to the survival of humanity,” Musk said at the World Government Summit in Dubai, United Arab Emirates, immediately after discussing the creation of ChatGPT.


    The faster adoption of artificial intelligence models over the past few years has been faster than almost anyone expected. Some advances have left society scrabbling to adapt. Teachers are struggling to stop students using chatbots to write their essays, artists claim they are losing paid work to image-creating AIs and efforts are under way in some places to replace journalists with large language models.


    Microsoft’s Bing uses ChatGPT, Google’s AI-powered search engine, Bard and now we are going to witness Baidu’s ERNIE Bot, will be available in March. All three companies are using large language models (LLMs). LLMs create convincing sentences by echoing the statistical patterns of text they encounter in a large database. Open AI has started off as an open-source non-profit, after investment done by Microsoft it’s now closed-source and for-profit.


    Chatbots empowered by artificial intelligence can increasingly engage in natural conversations and build relationships with users. Before these announcements, a few smaller companies had already released AI-powered search engines. “Search engines are evolving into this new state, where you can actually start talking to them, and converse with them li

    By VARINDIA| 21 views

  • Can chatbots one day destroy us ??

    Can chatbots one day destroy us ??

    While chatbots and conversational #AI have become more prevalent and advanced, the idea that they could one day turn against us and become a threat to human existence is highly unlikely and speculative.

    Bots and chat make it easier for people to buy the way they want to, when they want to–and that should be the goal of any business. Chatbots help to collect and augment the data collected.

    Stephen Hawking and other scientists fear that as human developers improve AI, the capabilities of the bots will rise exponentially in an “intelligence explosion”. The bots already have capabilities that scientists thought would take 20 years to achieve. Despite glitches and anomalies, bots threaten to quickly achieve levels of intelligence several times higher than that of humans. Will such super-intelligent entities be content to serve inferior humans? Will they not seek to become controllers and not the controlled?

    Today's Headline in NewsHours
    0:00 Intro
    2:45 Twitter sets April 20 as the 'final date' to remove legacy blue checkmarks
    3:17 #Intel to work with Arm on chip manufacturing
    3:52 Foxconn to start construction of Bengaluru Plant in May
    4:25 #VodafoneIdea to roll out 5G very soon
    4:57 Musk opens up about plans to sell Twitter as it becomes "extremely painful"

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    #chatbotethics #AIresponsibility #emergingtechnologyconcerns #techethics #machinelearn ingrisks #artificialintelligenceimpact #futuretechdangers #technologyethicsdebate #roboticapocalypse #AIover

    By VARINDIA| 28 views

  • Google warning of using AI Chatbots

    Google warning of using AI Chatbots

    A human being is still the weakest link in #cybersecurity. Whether it's a disgruntled employee, an overconfident employee, or an employee with a lack of knowledge, it's always the human element. And this is why most cyber security breaches are due to human error.

    There is Unstoppable Rise of the #AIChatbot Revolution. Alphabet, Google's parent company, is reportedly cautioning employees about how they use chatbots, including its own Bard. Experts say, because of the potential confidential information to be leaked.

    Today's Headline in NewsHours
    0:00 Intro
    3:35 #Truecaller reintroduces call recording feature on Android and iOS devices
    4:06 #Foxconn to manufacture iPhones in Karnataka from April 2024
    4:45 #AdaniEnterprises to buy online train booking start-up Trainman
    5:18 Alphabet selling Google Domains to Squarespace for $180 mn
    5:48 #OpenAI reportedly used YouTube data to train AI models secretly

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    #alphabet #Truecaller #Foxconn #adanienterprises #youtube #openai #varindia #news #newshour #technews #Google #AI #Chatbot #Warning #Technology #Robotics #Automation #ArtificialIntelligence #MachineLearning #Future #Innovation #Data #BigData #Software #Digital #AIChatbot #AIChatting #ChattingAI #MachineIntelligence #DigitalTransformation #AIChatbotWarning #GoogleWarning #AIWarning

    Google warning of using AI Chatbots

    By VARINDIA| 53 views

  • Dozens of news content farms using AI chatbots to generate news #shortsvideo

    Dozens of news content farms using AI chatbots to generate news #shortsvideo



    Dozens of news content farms using AI chatbots to generate news #shortsvideo

    By VARINDIA| 20 views

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Published on: Jun 28, 2023
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#Chatbots #Accenture #AppsPro

Chatbots will Drive 50% of Consumer Spending

Chatbots on popular social media platforms are driving the business online. In Asia Pacific, spending via conversational commerce could reach $290 billion within four years. Personalization and emotional engagement allied to total convenience comprise the next frontier of customer experience (CX). Companies that give customers an emotional connection outperform their competitors by 85% , while 80% of customers say they are more likely to do business with a company if it offers personalized experiences. Conversational commerce, or C-commerce, is the fast-growing engagement tool that can deliver what today's consumers want. Going forward, Chatbots will Drive 50% of Consumer Spending by 2025. As per Juniper research, conversational commerce channels are going to facilitate spending of over $290 Billion Globally by 2025, up from $41 billion this year 2021. Recently, Walmart also just announced the acquisition of conversational commerce tech, underlying the importance for brands to create more ways to serve customers. This represents a rise of 590% over the next four years. It predicts that communications platforms that provide the connection between brands and end users will be crucial in increasing the adoption of conversational commerce channels.



This enables the retailers to expand their reach, whilst allowing a fallback on more established commerce channels. Conversational commerce leverages AI to automate retail transactions and payments through channels including chatbots, messaging and digital voice assistants. The pandemic shuttered many brick-and-mortar businesses and reframed consumer preferences, retailers adapting to conversational messaging trends to meet their customers where they are. Customer expectations today are outpacing the traditional contact center model, with increasing demand for always-on, personalized experiences at scale. As p

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    Consumer spending good in Q3, to be even better in Q4: Arvind Singhal, Technopak

    October to December 2019 has been a very good quarter as far as consumer spending goes and most well managed, well performing companies would declare very good numbers for that quarter. Overall, this financial year should be a decent year as far as consumer spending goes, says Arvind Singhal, CMD, Technopak in an interview with ETNOW.

    ► Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTimes?sub_confirmation=1

    ► More Videos @ ETTV - http://economictimes.indiatimes.com/TV

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    Watch Consumer spending good in Q3, to be even better in Q4: Arvind Singhal, Technopak With HD Quality

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    A recent data point shows, the #mobileapp industry is expected to be worth $935 billion by 2023. After years of impressive growth and mobile apps reaching more people than ever, the global app industry saw a downturn in 2022, the first one in the market's history.


    The global consumer spending on mobile apps dropped by a massive $3bn last year. Last year, consumers downloaded 255 billion mobile apps to their connected devices, 10% more than in 2021 and up by 82% from 140 billion seen in 2016.


    The number of downloads is expected to grow and hit over 262 billion this year. By 2025, this figure is expected to jump to over 300 billion. In 2022, gross consumer mobile app spending amounted to $167 billion, down from $170 billion in 2021.


    One possible reason is market saturation. The mobile app market is highly competitive, and there are millions of apps available on app stores. As a result, consumers may be more selective about which apps they choose to spend money on.


    Another reason could be subscription fatigue. Many apps offer subscription-based models, which can quickly add up in cost. This may lead to consumers becoming more hesitant to commit to ongoing payments, which could result in a drop in spending on mobile apps.


    #Securityconcerns: Some consumers may worry about the security of their personal and financial information when using mobile apps to make purchases. They may be concerned about data breaches or hacking, which could lead to identity theft or financial loss.

    #Increasingusability issues: Some mobile apps may be difficult to use or navigate, which can be frustrating for consumers. They may prefer to use a traditional website or in-person shopping experience instead.

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    First came the large language models (LLM), and then came the chatbots, or LLM chatbots, if you may call them – the likes of ChatGPT, Bard, Ernie, Claude and others.


    The battle for AI supremacy has already begun, with OpenAI and Microsoft leading the race to develop next-generation AI models integrated across many products and services. This includes Bing Search, Bing Chat, Microsoft Teams, and Microsoft Office 365. Similarly, Google has also started experimenting with its conversational AI chatbot, Bard, powered by its large language model, LaMDA. However, this is expected to be launched in a phased manner or accessible to select groups only.


    While Google, Microsoft, and now Baidu are at it, it is only a matter of time before others join the race, especially those who have already built large language model capabilities, including Amazon, Huawei, AI21 Labs, and LG AI Research, NVIDIA and others.


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    LLMs influenced by ChatGPT can help organisations display their material to clients in a more engaging way by adding various conversational styles and content tones.

    Today's Headline in NewsHours
    0:00 Intro
    2:25 DU unveils adm

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  • AI chatbots to change the behaviour of internet

    AI chatbots to change the behaviour of internet

    Sources reveal that the big tech giants will be integrating #ChatGPT or similar technology into their search products, allowing people to get direct answers or engage in a conversation, rather than merely receiving a list of links after typing in a word or question. How will this change the way people relate to search engines? Are there risks to this form of human–machine interaction?


    #ElonMusk was one of the first investors and backers of #OpenAI, which created ChatGPT. However, he now believes that it has become closed-source. AI is one of the greatest threats to the survival of humanity,” Musk said at the World Government Summit in Dubai, United Arab Emirates, immediately after discussing the creation of ChatGPT.


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  • Can chatbots one day destroy us ??

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    While chatbots and conversational #AI have become more prevalent and advanced, the idea that they could one day turn against us and become a threat to human existence is highly unlikely and speculative.

    Bots and chat make it easier for people to buy the way they want to, when they want to–and that should be the goal of any business. Chatbots help to collect and augment the data collected.

    Stephen Hawking and other scientists fear that as human developers improve AI, the capabilities of the bots will rise exponentially in an “intelligence explosion”. The bots already have capabilities that scientists thought would take 20 years to achieve. Despite glitches and anomalies, bots threaten to quickly achieve levels of intelligence several times higher than that of humans. Will such super-intelligent entities be content to serve inferior humans? Will they not seek to become controllers and not the controlled?

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