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According to professional experts, AI when used correctly can revolutionize a business. It’s no surprise that Artificial Intelligence (AI) is leading the way in almost every industry and especially in marketing. The latest statistics showed that AI technology can boost business productivity by up to 40%.
Industry leaders around the world are using artificial intelligence to enhance their business with marketing technology. Whether it’s analyzing consumer interests and data, guiding sales decisions and social media campaigns, or other applications, artificial intelligence is changing the way we understand marketing.
Technology continues to evolve every day, and the same goes to ΑΙ marketing applications. Artificial intelligence can offer excellent marketing solutions and generate unique ideas that can break new ground in various industries. Also, AI can help businesses to automate their projects more efficiently. This can save time and money whilst at the same time, it can enable your company to focus its efforts on providing quality experiences for customers.
In addition, AI can complete specialized tasks with greater efficiency than humans can so long as supervision and guidance are involved. Thus, in cases where AI fails to provide the right results, human error was involved in setting up the AI program with appropriate data. The use of Artificial intelligence can speed up the process of marketing campaigns, improve efficiency, reduce costs, and most importantly is more likely to result in an increased return on investment (ROI). Businesses that have AI under their power will have more chances to stay ahead of the competition. In fact, more and more are investing in AI marketing – a great adoption to revolutionize the way we do marketing.
What is AI marketing?
As a simple explanation, Artificial Intelligence (AI) marketing is a method that can leverage intelligence technologies on how to collect data, customer insights, and customers’ next move, overall it can make automated decisions that can impact marketing efforts. With the use of AI, marketers can now understand in more deeply their customers’ behaviors including knowing their actions and their indications. Therefore, they can target the right strategy to the right person in a time-saving and effective way.
An example of AI in marketing comes from Google tools (Gmail and Google Docs), they use artificial intelligence in Smart Compose in order to read what you are typing, then understand it and suggest what to type next.
Why is AI Marketing important?
The impact of artificial intelligence in digital marketing is massive. AI marketing allows marketers to crunch a vast amount of marketing data analytics from social media, emails, and the Web in a relatively faster time than the traditional methods. Artificial Intelligence (AI) is a must in the marketing industry.
How marketers can benefit from AI?
Today customers have higher expectations than ever before and they are highly concerned about their privacy. This is leading to increasingly restrictive regulations surrounding data collection as well as increased privacy-protecting behavior from consumers.
However, AI is here to help and find solutions. With the use of AI marketers can provide their consumers with highly personalized and engaging experiences and at the same time protect their privacy.
In addition, AI can help any marketeer or business to deliver high performance and personalized creativity by using real-time consumer engagements and cookieless data signals. AI can automate the time-consuming and labor-intensive elements of creative optimization.
Artificial intelligence can also help you target the right audience without cookies. By using anonymized data AI can offer solutions that can help any marketeer understand consumers’ data in their individual contexts. We can use as an example how IBM Watson Advertising Weathers targeting uses location and weather data to analyze and anticipate consumer behavior and develop relevant messaging.
This can help your business to discover more meaningful insights while using anonymous data to predict creativity at household and user-specific levels while at the same time protecting your consumer’s personal information.
AI can also provide useful solutions for personalization marketing experience. Personalization in marketing can help marketers who want to develop their customer experiences. Also, it helps to provide consistency across marketing channels, increase brand loyalty and ultimately drive revenue.
In recent research about AI tools, they found that natural language processing and machine learning enable brands to have scalable personalized experiences at a user-specific level. Predicting consumer actions to deliver personalized experiences means that you will always deliver the right message to the right customer at each touchpoint.
Advertising bias has the potential to impact consumers negatively and reduce the effectiveness of campaigns. It can lead to an inaccurate representation of your target audience, damaging your relationship with the customer and it can give you negative results. Though, with the use of AI, you can automate the discovery of bias in advertising. Also, Artificial Intelligence can scan and search for biases and help you discover any hidden insights, that could be useful for creating optimal strategies that can address the population.
The future of AI’s role in marketing technologies will be determined by imagination and innovation. Combining different technologies together can result in businesses outcompeting other leading players in the market for years.
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