Salespeople have never had so much technology at their fingertips. Some of the latest — and possibly most promising — tools for sales teams use predictive analytics, a form of artificial intelligence technology that can optimize decision making around sales efforts. But with all the products promising to tell the future, it’s hard to discern which can actually deliver.

Get HubSpot's Free CRM Now

Top players like Salesforce and Microsoft have rolled out AI-driven tools. This type of software gathers customer and prospect data from multiple sources, runs it through machine learning models to predict which leads are most likely to convert, and presents the findings in the form of top-scoring prospects and accounts.

So how do you know which tool, if any, is the best bet for meeting your sales goals?

What to Look For in a Sales AI Vendor

Predictive analytics for Sales truly can change the way you run your sales operation. AI-driven software can eliminate a great deal of manual work, helping you make decisions on how to approach prospects, personalize your conversations, and most importantly, focus on the leads that deserve extensive follow-up. For initiatives like moving up-market or adopting an account-based strategy, AI might be the only scalable way to do it.

There a few aspects which each vendor should be evaluated on to ensure you receive a strong return from your investment. Vet each vendor with the following five criteria before making a purchase.

1) Built by people who know the industry

Just because a predictive vendor has an internal data science team doesn’t mean they know how to build models for your particular field. That’s because predictive platforms aren’t just about the math — they involve decisions about what signals or data sources to include, which predictions are most useful, and how companies will actually implement the platform’s insights.

2) Experience deploying in all types of environments

Talk to potential vendors about how they have deployed solutions in the past and see whether some of those situations mirror your own. Discuss your company size, how your activity aligns with those of other internal teams, and which applications you use on a daily basis. The best platforms should be easy to add to your already established workflows — regardless of which part of the org chart you represent.

3) Transparency about data sources and signals

You won’t be privy to the intricate details of how your predictions were calculated, so you need a great deal of trust in your vendor before taking action on predictive insights. Look for a vendor that uses a diverse group of internal and external signals and is eager to share how they build predictive models for each customer.  

4) Reliable integrations with other sales and marketing tools

When you adopt predictive, you’re asking your sales team to buy into a new, AI-driven approach to their jobs. So the more you can choose a product that’s sticky — meaning it integrates smoothly into existing workflows using data they already trust — the more immediate value you can derive from your investment. Assess your vendor’s list of integrations, making sure it includes every major sales and marketing platform, uses open APIs whenever possible, and is expected to continue growing.

5) Ability to scale as your company grows

Predictive scoring models must be improved over time as your company acquires new data and grows in size. Discuss how your potential platform scales, including how and how often models are updated. Good vendors will personalize models for each customer, monitor their performance, and carefully retrain them when the timing is right. If a vendor has the same approach for every customer, it might be time to look elsewhere.

5 AI Use Cases for Sales Teams

Predictive intelligence for sales helps you make crucial decisions about your company’s growth. It improves major KPIs like revenue, growth, win rate, annual contract value, and customer acquisition costs. 

Here are a few examples of what predictive is capable of today:

  • Identifying your ideal customers and finding prospects that match those profiles
  • Scoring leads by both fit and behavior, showing which are most likely to convert
  • Driving expansion, like moving up-market to pursue bigger customers or assessing the viability of new geographies
  • Letting you implement personalization at scale in your outreach and campaigns
  • Driving the success of your account-based strategy

Examples of AI Software For Salespeople

Salesforce Einstein

Salesforce Einstein is one of the foremost sales AI resources on the market. It integrates first-rate artificial intelligence tools directly into the Salesforce CRM. The application suite boasts features powered by machine learning, natural language processing, computer vision, and automatic speech recognition.

It can extract meaning and determine sentiment from bodies of text, simplify bot training and deployment, and perform a host of other functions via the array of different AI capabilities it covers. Considering the scope of its potential applications, Einstein is an industry standard for AI in sales.

Drift

Drift’s suite of applications features one of the preeminent chatbot softwares available. It automatically engages with high intent prospects as they interact with your website. This allows them to demonstrate interest in your company and learn more about your offerings without the direct involvement of your sales reps — giving them more time to close deals and conduct personal outreach with other potential customers.

Drift Sales AI toolSource: Drift

Gong.io

Gong.io is a revenue intelligence platform that uses AI to translate the information contained in your sales conversations into actionable insights for hard sales. The platform records, transcribes, and analyzes sales calls to offer your company information about the efficacy of your specific sales communications tactics while fostering cohesion among your sales teams and processes.

Gong Sales AI Tool

Source: Gong.io

HubSpot Lead Scoring

HubSpot’s predictive lead scoring uses machine learning to sift through thousands of data points to identify your best leads, taking the stress out of an otherwise tedious and time-consuming process. With HubSpot, your predictive score gets smarter and more refined as time goes on, eventually enabling your lead followup to optimize itself.

HubSpot Sales AI Tool

Source: HubSpot

The best predictive platform for your sales team isn’t the one with the biggest army of data scientists. It’s the one that can prove the highest value to your business.

The combination of intelligent predictive technology and the right use case for your team will result in a win for everyone.

Editor’s note: This post was originally published inDecember 28, 2016and has been updated for comprehensiveness.

crm software free

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here