satyamkapoor

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

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I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

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Artificial Intelligence will wipe out millions of sales jobs

By satyamkapoor |Email | Jan 2, 2018 | 13941 Views

Artificial is disrupting industries across the globe. Its having an impact on almost all aspect of our lives. In the Sales function of business, we have already seen AI replace basic jobs in retail & fast food. However, Forrester states that by 2020, a million of B2B salespeople would lose their jobs. 
It will not make all salespeople irrelevant though. It's only the not-so-great salespeople that will get impacted. Reps who are busy cold calling & doing other busy work will get replaced.
Here's why:

Buying Behaviour Has Changed
The internet has changed the way people buy. Outbound sales techniques just don't cut it anymore. Your customers - not your sales reps - are now the ones in charge of the sales process.
Today's consumers value their independence. They research different options online and compare features and prices on their own instead of looking to a sales rep for answers. Sites like Amazon and Netflix use AI to make spot-on recommendations for what we should buy or watch next. E-commerce has ultimately taken away the need for salespeople to explain things.
At SalesHub, we help other businesses adapt to the new way people buy. We generate content that helps our clients' prospects make informed purchasing decisions. Never pushing for a sale, our content addresses prospects' pain points, educates them and guides them in their research process.
Lower-level salespeople spend the majority of their time (80%, according to CRM magazine) prospecting and qualifying leads, scheduling meetings, sending follow-up emails and building reports. AI, however, automates these mundane tasks. It eliminates sales jobs that don't contribute to your company's revenue.
Forty-one percent of Canadian companies have already implemented (or are starting to adopt) cognitive and AI technologies, according to Deloitte. For these companies, AI shifts the focus to how well sales reps close deals, not send emails.
If your sales reps are only doing busywork, they're providing no value to your company. After all, no one's ever earned a promotion for sending great follow-up emails.

The Rise Of Chatbots
Chatbots displace sales reps whose main task is information gathering. Your salespeople can only gather so much information when talking to leads, as they need to focus on the conversation. But since chatbots integrate with social media, they can gather much more data about every person they interact with. Plus, AI makes far fewer mistakes than humans do, guaranteeing that the data gathered is error-free.
Unlike sales reps who are only available during business hours, chatbots can help your customers 24/7. And 47% of people are open to buying items through a chatbot, according to a HubSpot survey.
When anyone visits our website, a chatbot (named Josh) will pop up and ask them if they need help with anything. My team then collects the questions people ask to better understand their pain points, overcome their objections and improve our upselling.
AI will eliminate millions of sales jobs, but it will also create new ones. Humans play a critical role in the optimization of AI. For example, by 2019, 30% of the world's leading companies will employ a chief robotics officer. To survive the AI revolution, salespeople need to fully understand new technology and use it to their advantage.

AI will benefit the best salespeople, as it actually helps them focus on the core components of their job. By freeing salespeople from mundane tasks, AI will allow them to spend more time building relationships and solving client problems with creative solutions.

The Human Touch
If truth be told, Sales-people will never disappear. But to be successful salespeople need to be truly concerned about customers.  AI can't be taught to be interesting or thoughtful. Your customers are real people and they crave attention. There is an emotional component here that cannot be replaced. 
It is this human touch that will enable salespeople to keep their jobs. Salespeople adept at their game are experts at forming relations, real connections with customers & managing customers.
Once salespeople figure out how to use AI to their advantage - they will become better at their jobs. 

Source: HOB Team