How AI is reshaping marketing and advertising landscape by unlocking new possibilities
AI empowers advertisers and marketers to make informed data-driven decisions that propel their marketing strategies forward.
By Newsmeter Network Published on 10 July 2023 7:01 AM GMTRepresentational Image.
Hyderabad: In this age, when everything is digitized and Artificial Intelligence (AI) is spreading like wildfire, we tend to wonder if AI could be a game-changer in an ever-evolving marketing and advertising (M&A) industry.
With AI, machines are able to problem-solve and work efficiently. It has the capability of empowering businesses to enhance customer satisfaction, optimize campaigns, and give better outcomes. Did you know that the market for Artificial Intelligence in marketing was estimated at 15.84 billion US dollars in 2021? This is expected to increase to over 107.5 billion dollars by 2028.
Benefits of AI in Marketing & Advertising
Customer Insights:
AI-driven analytics and predictive modeling help agencies and firms gain deep insights into customer behavior, preferences, and buying patterns. AI analyzes vast amounts of data. It means that vendors can understand their target audience better and study customer behaviors. These insights help in segmenting customers, customizing messages, and delivering personalized experiences that can make the customer feel special and connect with the brand.
Advertising Campaigns:
It's time you say goodbye to spray-and-pray advertising. AI-driven platforms streamline campaign optimization, media buying, and real-time ad placements. With the help of AI, advertisers can target their audience with pinpoint precision, maximizing the impact and relevance of their ads.
Engaging Customers with AI Chatbot:
We have entered an era of AI-powered chatbots that bring customer engagement to a whole new level. These digital assistants utilize natural language processing and machine learning to provide personalized and real-time queries, provide support, or guide customers through their journey of purchasing, these chatbots are the sidekicks of enhancing customer satisfaction.
Meanwhile, AI empowers advertisers and marketers to make informed data-driven decisions that propel their marketing strategies forward. By analyzing customer interactions, social media buzz, and market trends, AI algorithms provide actionable insights that guide marketing and advertising success. No more relying solely on gut instincts because AI is here to save the day, by taking decision-making to a whole new level of accuracy and effectiveness.
AI Tools that come in handy for marketers:
ChatGPT: This is the most popular AI that is being used currently. This AI tool can improve your marketing significantly. It offers a collection of automated responses for customer service. But, a thing to keep in mind is that it is just hard data. So, this requires human intervention and be careful because the data may not be 100% factually right.
Programmatic advertisements: They are good or they excel at self-optimization and at investing money where the data is clearly evident. But they need more capacity to comprehend nurturing strategies. There are many platforms that, with some noticeable modifications, can perform similarly to programmatic advertising, but they all share the same blind spots when it comes to human emotions.
SEO copywriting & Content Writing: There are many tools available to create a language that targets clicks or makes use of keywords, but in the era of Googleās āhelpful contentā update, even that has now been limited. In order to keep your head in the game of AI breakthroughs, search engine algorithms continue prioritizing personality and usefulness over pure strategy.
Data-driven decision making
Well, AI is perhaps reshaping the marketing and advertising landscape by unlocking new possibilities for the personalization of customer experiences, intelligent campaigns, enhancing chatbot interactions, and so on.
With AI as our ally, we have the ability to boost strategies, create meaningful connections with our audience, and can stay ahead in the ever-evolving industry. We should embrace the power of AI, and get ready to revolutionize our marketing like never before.
Author: This article is written by Gaurav Mukherjee for TechDoQuest. The views expressed in this article do not reflect that of NewsMeter.