How can iGaming leverage AI to its full potential?
Such technologies are highlighting AI can be used to drastically improve cost-effectiveness, operational efficiencies and customized experiences.
This is particularly true within the iGaming space. The industry at large is experimenting with AI across a range of services, understanding its potential, limitations and ways it can be effectively integrated. Such experimentation demonstrates the willingness of the iGaming industry to fully embrace innovation unlike other sectors which traditionally slow to react to new technologies.
However, with any new technological trend, I firmly believe a measured and objective approach is warranted. By this, I mean that rather than simply adopting and championing the benefits of AI, iGaming businesses need to be critical. The needs of their customers, partners and wider professional network has to be prioritized.
This has been our approach at Alpha Affiliates, and through our critical adoption and experimentation with AI, there have been three standout trends with the potential to drastically revolutionize the iGaming industry.
Of all the advantages on offer from AI, the creation of tailored user experiences has been positioned as one of the leading benefits. By collecting and analyzing reams of data attributed to one particular customer, AI can identify trends and patterns, and in the case of online browsing, understand what types of content they are most likely to engage with and respond accordingly.
AI personalization was made famous by streaming giants Netflix and Spotify, demonstrating how it can be used and the unique content opportunities that can be delivered through its application. These are advantages that can be directly applied to iGaming.
We are seeing more tailored gaming experiences (or intelligent game development), led by the customisation of gaming difficulties, game recommendations through to the manner in which the aesthetics of a particular gaming interface is presented to the player. The use of AI to deliver targeted advertising and in-app purchasing can also support the long-term engagement strategies of website hosts.
From my perspective, however, the most significant element of AI personalisation is player satisfaction. We must always strive to deliver a satisfying gaming experience which aligns to each individual’s needs. Personalisation of games, gaming recommendations and engaging content are all part of this mission to create a satisfying customer experience. Ultimately, this is what players are seeking.
Fraud prevention is a core objective for all iGaming platforms to maintain trust, credibility and integrity to their players, third party partners and the wider industry. There are specific tactics used by fraudsters in an attempt to exploit iGaming platforms for monetary gain. These include creating multiple player accounts under different names, chargeback and self-exclusion fraud, using stolen IDs to bypass Know Your Customer checks, and using cloaking technology to evade IP blocks.
Countering such threats is a top priority for the iGaming sector, and one that requires significant investment of time and resources. Importantly, AI systems are ideally placed to identify and respond to fraud threats in real-time. This occurs through their ability to analyze patterns and anomalies in real-time, identifying suspicious activities such as cheating, and flagging the threat to a website administrator.
In addition, AI can prevent bonus abuse by identifying multiple accounts created by the same user, and detect affiliate fraud, which involves setting up false expectations and sending low-quality traffic that eats away at marketing budgets.
I firmly believe iGaming platforms need to actively embrace AI to maintain security and fairness. However, it should not be viewed as a silver bullet solution. In other words, AI is a tool to be strategically deployed by a website administrator, ensuring they are better positioned to protect their site from fraudulent activities.
A final trend to note is relevant not just to iGaming but the broader business environment, Client support is closely linked to personalization, providing players with 24/7 access to help and support via AI-powered chatbots.
Chatbots have been slowly integrated into customer support services, originally used as a way to address concerns that could be simply resolved. For more complex matters, these chatbots would refer a customer to a human agent. AI has made chatbots much more sophisticated, able to handle complex situations and present more tailored advice. By using Natural Language Processing and Machine Learning, chatbots have become more human.
AI not only streamlines customer support processes but helps to improve customer satisfaction, loyalty, and ultimately retention. It is an area we at Alpha Affiliates have been particularly focused on.
Using AI to your advantage in iGaming
Client support, fraud prevention and personalization are just two of the many different ways in which AI is transforming iGaming. Other trends include real-time data monitoring, customer support and the use of AI tools to deliver responsible gambling initiatives.
Taking a step back from the implementation of AI, there is a bigger philosophical point I believe many people in the iGaming sector must take note of. Simply put, AI has the potential to deliver huge advantages. However, we need to take a measured approach and use AI as a tool to help achieve a bigger objective. To borrow a phrase, AI is a means to an end, not an end in of itself.
What I mean by this is that whenever someone in iGaming is looking to integrate AI, they must always ask themselves why. Why do I need this specific type of AI? What am I hoping to achieve? How will this improve the way in which we operate? It is all about being critical and avoiding a blind, widespread adoption of AI.
For me, these questions should be centered on two priorities. Protecting and improving the needs of the player, and setting a new industry benchmark that ultimately promotes greater trust and credibility.
We are only scratching the surface when it comes to understanding how AI can be used in iGaming. It is an exciting time, and so long as we approach AI with a critical and intelligent mind, there are significant benefits on offer.
Boris P, Head of Affiliates at Alpha Affiliates