Today, B2B buyers expect a seamless and customized buying experience supported by value-added insights by the sellers. The introduction of AI in sales has raised endless possibilities for industries and companies to develop compelling products and services and improve customer experience by leaps and bounds.
AI has become an integral part of our life, so companies need to automate manual and repetitive processes and expand learning to transform the customer experience. The successful AI integration across crucial business functions makes internal processes efficient and raises profitability.
Power of Artificial Intelligence
A PwC Research states that AI can see investments up to $15.7 trillion by 2030. The continuous influx of funds in AI across all B2B can redefine dimensions.
Sales and marketing have recently seen a surge in its usage due to its inherent benefits. According to a study by Harvard Business Review, companies using AI for sales increased their leads by more than 50%, reduced call time by 60–70%, and realized cost reductions of 40–60%.
Nevertheless, the onus is on the leaders and the decision-makers alike to ensure AI and sales integration produce the sales intelligence to trigger exponential business growth.
The use of sales intelligence is most effective for prospect identification and discovery of game-changing insights to enable personalized offerings.
Understand your B2B customers
With AI, nail the vital information on crucial decision-makers understand a company’s organizational structure, budgets, tech stacks, and personnel movement in real-time.
Start with understanding your customer persona (firmographic, environmental, and behavioral attributes of accounts) related information.
- The Right Language: Speak in the style the customer understands.
- The Right Place: What channels to use to influence customer purchase behavior?
- The Right Time: Does he need the product now? At what time of the day is the customer the most receptive to the product pitch?
You can reach the perfect conclusions when deciding on the above aspects if sales and marketing work together towards a single objective.
Lead generation technology has made much progress. Most people are delighted to experience a high level of personalization as they browse the web and the emails that reach the inbox. An amalgam of AI and marketing technology makes this personalization possible.
Personalized messages or targeting builds an emotional connection with customers. It also cuts down on the effort and time required for enabling the customization for the prospect identified.
As AI evolves, it will push the boundaries of sales and marketing.
How is Artificial Intelligence for Sales Leads Revolutionizing Sales Strategies?
Here are some ways artificial intelligence technology is revolutionizing sales and marketing globally.
1. Integrates Sales and Marketing Objectives
Sales and marketing have been working in individual silos of CRM and Marketing Automation, which have led to a conflict of interest. It was mammoth of a task to make sales and marketing see through the same lens.
As soon as AI came into the picture, it became easy to neutralize the issue and share information in real-time across teams. AI helps organizations identify and build models that contribute immensely to business goals attainment.
2. Strengthens Sales and Marketing through Predictive Analytics
Predictive analytics enable marketers to consistently exceed shared organizational goals by 1.8 times, as they leverage AI’s capability to predict customer behaviors. AI helps choose the right target audiences and formulate effective strategies quickly and accurately.
Data no more becomes a liability. The frequent flow of customer data through AI will enable the creation of accurate customer profiles that can provide insights into the different patterns of customer behavior.
3. Extends Reach to Intent B2B Prospects
Businesses have their contact databases created through different sources. It is difficult for any salesperson to look at contact and say with 100% assurance that the specific lead will convert to sales.
However, AI can help extend reach to the intent prospects or qualified leads that simplify the sales conversion process. The sales teams can focus efforts on these contacts while marketing can create targeted campaigns.
4. Enables Accurate B2B Prospect Understanding
The most significant thing that brings humans together is the emotional connection, which is impossible between machines and humans. With AI, one can understand prospect behavior regardless of geographical challenges.
5. Reduces Cost and Increases Profitability
Reach millions of customers with AI-controlled bots that bring the right contacts to your fingertips and empower your sales team to design personalized, more effective email campaigns! Besides, automate the entire sales sequence.
Intelligent solutions powered by AI significantly minimize marketing expenses enabling small and medium-sized businesses (SMBs) to compete with the big players with enormous budgets.
The Right CRM integration and smart deduplication functions allow mid-tier companies to reduce workload by up to 90 percent and efficiently use resources and employees’ time.
6. Saves Time to Prioritize Selling
AI integration in sales helps salespeople focus on selling rather than doing the grunt work. However, they often spend a lot of time carrying out manual tasks to update their CRMs, Sales platform, meeting information, notes, and more. Research shows that sales reps spend only one-fourth of their time in actual selling to prospects.
AI relieves salespeople’s burden from tedious tasks by tracking appointments, communication, and other core sales activities. Sales reps can focus on interacting and building relationships with customers rather than manual data inputs. No more frustration because of constantly meeting admin requirements resulting in reduced morale.
7. Improves Customer Communication & Engagement
Artificial Intelligence in sales provides sellers with custom insights to understand their customer needs for building trust and loyalty. Get a complete overview of the customers- their website visit, the solutions they use, engagements with your business, and others.
Sales reps can save time and switch to providing personalized solutions to customers and adding value to their engagements.
The Right AI integration helps the sales reps to have an overview of the highest scores and highlighting them for enabling prioritizing of leads. Get into closing more opportunities with the available potential clients.
8. Enables Price Optimization
AI tools integration does not leave salespeople handing on wondering the price structure that can help them close the deal. ML learning crunches the data about customers based on attributes like location, past successful sales, and the size of the deals to help come up with the best price quote.
The pricing structure is personalized and time-sensitive based on the customers- increasing the chances to close the deal. All these help shorten the sales cycle, save sales reps’ time, and close deals efficiently. Customer experience improves with reduced back and forth negotiations and communication that slows down the sales process.
AI imperative for B2B Sales
B2B Sales processes optimized and integrated by AI and ML are no more a wishful future. Sales solutions improve by leveraging efficient algorithms with comprehensive analytics smart and ML-powered buyer engagement. All these enhance the productivity of sales reps and boost the sales team’s performance for an excellent experience for customers and successful closing of deals.
Businesses across the sectors adopt AI to improve their sales processes, inform their decisions, and twerk their customer experience. A sales team seeking agility and resilience in the constantly-changing market is essential.
Read to Pump Up Your Sales with Ampliz B2B Data?