🚨 Should You Build a ChatBot For Your Company?
Microsoft built Shiksha Copilot
Welcome back to AI Chronicles. Here's a quick update on the AI world
👨🏻💻 Practica's AI app offers AI-driven career coaching, drawing from the wisdom of numerous human coaches.
📷 Google's Pixel 8 and Pixel 8 Pro employ advanced AI capabilities for photo editing, enabling facial expression adjustments and object resizing using features like Best Take.
💬 ChatGPT now supports file analysis and offers enhanced functionality, including Automated Model Selection, File Upload and Analysis, and Direct Internet Browsing, improving the user experience.
📚 Microsoft Research collaborated with Indian educators to create Shiksha Copilot, an AI teaching assistant, to assist teachers in swiftly crafting personalized lesson plans.
🤖 Should You Build a ChatBot For Your Company?
In today's AI landscape, chatbots have become a hot topic in the business world. They are being used in place of customer service as they promise increased efficiency and cost savings.
But is it the right choice for your company to build its own chatbot?
💡 Advantages of Building Your Own Chatbot:
Customization: One of the primary benefits of building your own chatbot is the ability to tailor it to your specific needs. You can create a chatbot that aligns perfectly with your brand, ensuring a unique and personalized user experience.
Control: By developing your chatbot in-house, you have complete control over its design, functionality, and data management. This allows you to adapt and improve it as your business evolves.
Data Ownership: When you build your chatbot, you retain full ownership of the data it generates. This is a crucial aspect of data security and privacy, particularly if you deal with sensitive customer information.
Cost Efficiency: In the long run, building your chatbot can be more cost-effective. While the initial investment might be higher, you avoid ongoing subscription fees associated with third-party chatbot platforms.
🤯 Challenges of Building Your Own Chatbot:
Resource Intensity: Developing a chatbot from scratch can be resource-intensive in terms of time, money, and expertise. It requires a skilled team of developers and AI experts.
Maintenance and Updates: Your chatbot will require continuous updates to remain relevant and effective. This ongoing commitment can strain your resources.
Learning Curve: If your team lacks experience in chatbot development, there will be a steep learning curve. It may take time to achieve the desired level of proficiency.
Complexity: The AI field is constantly evolving. Keeping up with the latest advancements in AI and chatbot technology can be a significant challenge.
🤝 So, Should You Build Your Own Chatbot?
The decision ultimately depends on your company's specific needs, resources, and long-term goals. If you have the expertise and resources to invest, building your chatbot can be a rewarding endeavor.
It offers a high degree of customization, control, and potential cost savings.
🦾Tools of the Week
Traditional job hunting can be time-consuming and overwhelming, sifting through countless job boards and websites.
With these AI-powered tools at your fingertips, you can navigate the job market with precision and efficiency, saving valuable time and energy.
We curate tools every day on LinkedIn, check them out to stay ahead.
🐦 Meme of the Week
Who else? 🥲
— The AI Studio (@TheAI_Studio)
Oct 11, 2023
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🧠 AI Fun Fact
NASA's Mars rovers, including Curiosity and Perseverance, use AI to navigate and make decisions on Mars' surface. These AI systems help the rovers avoid obstacles and plan their routes.
We hope you've gained valuable insights from this edition of our newsletter.
Keep exploring and learning.
Until next Wednesday 🥳