Ok, we're all a bit AI'd out right now. But the reality is that AI is changing the way we work – and if that’s news to you, then where have you been?
The topics we keep coming back to always seem to centre around ChatGPT, how AI will put writers out of a job, and all sorts of other chatter and noise.
But how does this all impact sales? Are there any tangible benefits from using AI in sales?
For me, AI isn't about replacing people; far from it. It's about exponentially increasing people's impact using the right tools and working smarter, not harder.
If you've read anything by a very talented chap called Graham Cooke, he coined the term ExpoLinear.
The concept, which is fast becoming a reality, means that any task you can deliver is linear. It takes you a certain amount of time to complete. But AI can exponentially reduce that time, meaning your output can increase.
So, as with everything in life, it's about being smart.
When it comes to sales, leveraging advanced technologies has always been an indispensable competitive advantage. And Artificial Intelligence is just the next thing that is going to help your sales team perform.
AI is becoming a critical tool in refining sales strategies, enhancing customer engagement, and automating processes. But as with every innovation, it needs to be used in a considered fashion.
Standard AI tools in sales engines
AI is already here in enterprise CRM systems like Salesforce Einstein and Microsoft Dynamics 365.
AI is leading the charge in AI-driven sales transformation, and these platforms have already integrated AI to enhance forecasting accuracy and provide deeper insights into customer behaviours and preferences.
Automation platforms such as Outreach and HubSpot Sales Hub streamline communication and operational tasks, enabling sales teams to focus on high-value interactions. And more top-of-funnel tools like Meet Alfred automate LinkedIn outreach and email campaigns, which are critical for lead generation in a modern sales engine.
Conversational AI platforms like Drift and Intercom deploy chatbots for real-time customer engagement, ensuring that potential leads are captured and nurtured without delay.
Predictive analytics tools such as Clari and XANT prioritise leads and optimise sales processes, increasing conversion rates. And data enrichment services like LeadGenius and Lusha ensure that the sales teams work with high-quality, actionable data.
It's all cool stuff if you can use it right.
The benefits and pitfalls of AI in sales
The integration of AI into sales engines offers the potential for huge benefits.
AI enhances decision-making with predictive analytics, automates routine tasks to save time, and personalises customer interactions at scale, leading to improved customer satisfaction and loyalty.
For instance, AI-powered voice and call analytics tools like Chorus.ai and Gong.io provide invaluable insights into customer interactions, allowing sales teams to refine their strategies based on real feedback.
However, reliance on AI also introduces certain challenges. The accuracy of AI predictions depends heavily on the quality of the data input, which means poor data quality can lead to misguided strategies.
There's also the risk of over-automation, where the personal touch is lost, potentially sending dumb messages out of context.
So, integrating AI requires an upfront investment in technology and training, which might be prohibitive for smaller businesses. But the real point to consider is how you can use it in the most appropriate manner for your specific sales engine.
AI sales assistants for lead triage
One of the most exciting developments of AI for sales is the development of custom AI-based sales assistants.
These assistants excel in managing the initial triage process of inbound leads, categorising them based on potential value and ensuring that sales teams focus their efforts where they are most likely to close deals.
As with everything AI (right now), it's about determining the happy and unhappy paths.
These assistants are brilliant at supporting the top-of-funnel triage if the path is happy. For example, a prospect saying, "Yes, that sounds great; let's get a call in." The AI can move that conversation forward and book a meeting.
But it's less good when it's an unhappy path, where the prospect might present a complicated objection or ask for a specific answer.
But that's fine. The AI can do its job when it can, and when it can't, it flags to one of your sales team to pick up manually. By handling initial inquiries and basic follow-ups, these AI assistants free up your talented humans to engage in deeper, more strategic customer interactions.
Implementing AI thoughtfully
While the potential of AI in sales is huge, its success hinges on thoughtful implementation. Businesses must ensure that AI solutions are tailored to complement their unique sales processes and integrated seamlessly with human-led operations.
Training sales teams to utilise AI tools effectively and maintaining a balance between automated and personal customer interactions are crucial steps.
Moreover, businesses need to stay vigilant about data integrity, continually refining data inputs to ensure that AI tools are working with accurate and relevant information. Regular audits and updates to AI models are necessary to adapt to changing market conditions and customer behaviours.
Let's wrap this up
AI can be a force for good and transformative in the B2B sales landscape.
When integrated properly into the sales engine, AI doesn't just support the sales team; it exponentially increases their effectiveness.
For business leaders looking to scale operations and amplify commercial outcomes, investing in the right AI tools and strategies is not just an option but a necessity.
By doing so, they not only future-proof their sales processes but also ensure sustained growth and success in an increasingly competitive market.