<ul data-eligibleForWebStory="true">Chatbots are more complex than initially thought, involving various components like conversation design and backend integrations.Effective chatbots require structured learning and feedback loops to improve over time.Sometimes, a well-placed FAQ might be more suitable than an AI chatbot.Chatbot success is measured by providing correct answers efficiently rather than keeping users engaged for longer.Achieving a balance between AI capabilities and human-centered design is crucial for chatbot product managers.