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Editor's Pick (1 - 4 of 8)
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How Lead Management Benefits from NLP?

By CIO Applications| Thursday, January 16, 2020
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The significance of NLP in the effective management of leads is expanding rapidly across sales and marketing companies.        

FREMONT, CA: An effective lead generation and management system is crucial to address the changing dynamics of marketing in today's digital era. Attracting prospects now depends on the ability of marketers to keep pace with evolving trends. Several lead generation and management solutions are available in the market to help marketers overcome challenges. Natural Language Processing (NLP) is a new addition to the set of advanced technologies that are enhancing lead generation and management. Discovering a customer's need is one of the most significant parts of lead management, and NLP helps achieve precisely that.     

There is a constant rise in customer needs and expectations. As a result, the means of communication and interaction are also evolving. NLP is a major enabler in this context since it can help accumulate valuable insights from prospects and narrow down the list of targets. It also facilitates an insightful perception of the behavior and response of prospects on an individual level. An NLP-based platform can help a company discover its potential and determine the positive and negative impacts through detailed reports.

NLP takes voice and text inputs to the next level by enabling sentiment analysis. Conventional text-processing tools are ineffective while interpreting the context from a text or voice sample. NLP can recognize mood and ascertain emotions. By understanding the emotions driving the prospects, marketers can effortlessly filter better leads and thereby save time. Just like sentiment analysis, tone analysis also helps brands to determine the general opinion a prospect might have concerning products and services. Using these insights in combination with communication channels can be valuable in obtaining leads that qualify.

With NLP, brands are able to obtain granular insights regarding prospects. Thus, creating personal connections with individual customers becomes extremely convenient. The use of NLP allows marketers to achieve data collection targets within very short periods of time. It is apparent that NLP helps marketers eliminate legacy lead management processes and adopt a more advanced approach that enhances performance and saves time.

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