Benefits of AI in SaaS Development
Customer-focused development is crucial for SaaS survival. Consider the benefits of AI, as you face the challenge of being responsive to customer needs and requests.
Being in SaaS means evolving with your customers: you plan on developing the service you sold them to better meet their needs. While you have a strategic plan for your product, gathering feedback and being responsive to customer requests is crucial for your business. However, collecting and processing all that information and integrating it into your strategy would be daunting and costly without automation. In comes AI.
No longer just another emerging trend, artificial intelligence (AI) develops at a rapid pace and conquers more and more industries. Tech giants like Google, Amazon, and Microsoft have already created numerous AI-powered solutions, and even offer Machine Learning as a Service (MLaaS). Would it be the right move for SaaS companies to invest in an AI / machine learning (ML) initiative?
AI in SaaS
In order to survive on the market, SaaS companies strive to increase usage and thereby revenues. Tech trends show that leveraging machine learning and AI holds the key to grow customer engagement and to improve inefficiencies in delivering SaaS products. Here are some of the AI uses to consider for your business.
Personalization
With natural language processing and machine learning, AI can analyze your users’ actions, and give you actionable insights into their preferences and interests. This way, you can configure user interfaces, for example, knowing exactly what your users are looking for. By harmonizing your software updates or aligning the next feature to expressed customer needs, you gain significant competitive advantage.
Predictive analytics
Predictive analytics uses data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes. By analyzing historical data, artificial intelligence can make predictions regarding user behavior. This helps improve your customers’ user experience, and can thereby prevent negative feedback. Similarly, AI in SaaS can alert you about behavioral patterns that indicate user disengagement, so you can take appropriate steps.
AI in SaaS & Lead nurturing
Based on your existing lead or customer data, an AI-powered system can make intelligent predictions about your leads, such as:
- The ideal lead
- Actions to take to convert a lead
- What content and offers resonate most with leads
- Which leads are worth pursuing.
Furthermore, you can apply AI in SaaS to send resources on a regular basis, to educate leads, and to address questions that potential customers might have.
As AI enters more and more aspects of our daily lives, SaaS companies should consider its benefits and drawbacks. Discover how AI can help with sales-related automation, marketing, development, and more. It may well be your key to outperforming your competitors.