AI in marketing helps businesses understand their target market, create more efficient marketing plans, and draw in, develop, and convert customers. With Plat.AI, any company can benefit from AI in marketing.
In a fast-paced and ever-evolving digital marketing landscape, marketers need new ways to find and attract their ideal audience.
Artificial intelligence (AI) leverages customer data and machine learning (ML) to help companies:
Build More Effective
Attract, Nurture, and
Personalized customer experiences and streamlined operations are vital to a company’s success.
We offer one-on-one support to marketing analytics teams. Our data scientists are ready to build, deploy, and maintain a real-time decision-making engine with your data.
Trends in the marketing and advertising services industry are constantly changing and evolving. Keeping up with new technology may be challenging yet vital to build competitive AI marketing strategies and maintain a sense of relevance with your audience.
AI-based technology is becoming a cost-effective marketing strategy where users interact with brands through chatbots. According to Global Market Insights, the worldwide market for AI-powered chatbots will be worth more than $1.3 billion by 2024. Moreover, chatbots are a powerful tool to:
Finally, conversation marketing helps collect consumer data to provide a personalized experience.
Personalized content is another key trend in AI marketing. Marketers utilize data analysis to uncover customer behaviors in real-time and use those data-driven insights to tailor their marketing.
For example, Amazon and Netflix provide personalized and tailored content to each user.
Of course, none of this would be possible without artificial intelligence.
As we know by now, AI is the driving technology behind new digital marketing trends such as chatbots and personalized content. The technology leverages sales and marketing data to predict consumers’ next steps in the sales cycle. Therefore, marketers better understand how to predict a consumer's next move based on past behaviors. With AI-driven marketing, marketers can:
Embracing the new opportunities that AI brings to marketing is essential to remain competitive. AI-based marketing relies on an in-depth understanding of customer needs and preferences. Additionally, the ability to make real-time, data-driven decisions has brought AI to the foreground for marketing stakeholders. Nonetheless, marketing teams must be aware of the following three data challenges in the marketing industry.
AI tools require time and training to learn organizational goals, customer preferences, historical trends, and establish expertise. Moreover, AI tools require high-quality data that is:
If the tool is trained with poor quality data, it will make poor decisions that do not reflect consumer desires. Therefore, stakeholders must ensure that the existing data sets are cleaned and high-quality for optimal results.
AI technology processes vast quantities of data. Therefore, it needs high-performing hardware and a robust IT infrastructure for a successful AI-driven marketing strategy.
However, these computer systems can be:
This can be a disadvantage, particularly for smaller companies with modest IT budgets. Nonetheless, smaller companies can opt for cloud-based solutions to leverage AI in marketing. Cloud software vendors provide the necessary IT infrastructure and resources to run AI software for a modest fee.
As the total of AI technology companies grows, the market faces an AI skills gap. The existing pool of AI talent is not growing fast enough to fill new AI positions. Therefore, companies using AI marketing software need to ensure they have enough skilled and trained employees. Nevertheless, the AI skills gap can be closed by:
Make better decisions with real-time data. Manage yield more effectively using real-time advertising engagement metrics.
Enable data teams to collaborate and combine their data-driven insights to create new value, enhance partnerships, go-to-market efforts, and strategic initiatives.
Easily integrate new ad experiences. Plat offers performance agencies the flexibility to set their own rules and scale campaigns.
Machine learning (ML) helps marketers segment the customer base into different categories based on touchpoint engagement and purchase patterns. AI for marketers allows professionals to target the right audience with the right message and discover the channels that can yield a better return on investment.
ML can analyze large sets of data in real-time and bring marketing insights into campaigns. Real-time analysis allows marketers to get more details about their customers and identify the best practices.
Predictive analytics in AI marketing applies machine learning algorithms to predict future outcomes. For example, predictive analytics can anticipate customers’ behavior, including products they may be inclined to purchase in the future.
Recommendation engines provide a personalized experience and high customer satisfaction rates. The goal of these engines is to match consumers’ preferences with product features they might like based on their search history or last purchase. For example, if a customer purchases a new phone, the recommendation engine would offer them a phone cover or a power bank enabling upselling and cross-selling.
Marketing departments utilize lead scoring to determine the worthiness of leads or potential customers through AI in marketing. They attach values to them based on past behavior relating to their interest in the company’s products. This process helps sales and marketing teams prioritize leads, respond quickly, and increase conversion rates.
Plat is an all-in-one model builder and deployment platform that offers you the capability to set your metrics, track data, and automate your campaigns. Within the software, you can track impressions, visits, clicks, and conversions in real-time.
Try our predictive analytics software free for 14 days and get accurate insight into your data to make better decisions for your company in the long run.
We offer one-on-one support to marketing analytics teams. Our data scientists are ready to build, deploy, and maintain a real-time decision-making engine with your data. Learn more by signing up for a demo.