The report “Win with Conversations” launched by Meta and Bain & Company reveals a significant shift towards conversational commerce in India. The survey highlights that 70% of large enterprises are already engaging with half of their customer base using conversational platforms, and 60% plan to increase spending on conversational journeys in the next 3-4 years. The adoption of business messaging is growing, and GenAI is expected to play a central role in empowering businesses of all sizes to leverage conversational platforms. The report also notes that users have a strong preference for leveraging conversational commerce, with over 50% of surveyed users expressing a preference for conducting transactions via conversational journeys. This presents a unique opportunity for technology to revolutionize how businesses operate, particularly small businesses in India.

Source.

TOP STORIES

Big Tech's Trust Crisis Deepens with Anthropic Lawsuit
Sony Music and Warner Music have sued Anthropic, accusing it of copyright infringement in AI training …
Nvidia's AI Future - Jensen Huang's Vision for Record Growth
Huang believes Nvidia’s position in AI will lead to another year of record growth …
China's AI Companies Target US Models with Distillation Attacks
Anthropic’s report reveals a surge in distillation attacks by Chinese AI firms on U.S. models …
Cybersecurity Concerns Rise as AI Agents Break Boundaries
AI agents’ autonomy poses significant risks, as demonstrated by a recent breach …
IDScan Confirms Major Data Breach Affecting Driver's Licenses
IDScan has confirmed a data breach that exposed driver’s licenses of over 150 million individuals …
Matt Mullenweg's Abrupt Leave Sparks Controversy at Automattic
Matt Mullenweg has been placed on leave by Automattic’s board, stirring controversy …

latest stories