Today, when people think about artificial intelligence (AI), they might envision large-scale initiatives like self-driving cars or computers that can communicate with us verbally like Ok Google, Siri or Alexa. While these are fascinating and captivating, the reality of AI is dozens of tools and applications that quietly operate in the background to simplify our lives by automating routine chores or generating predictions.
In today’s world, software that can learn and get better at doing its work without human input is referred to as AI.
Targeted marketing
The main application of artificial intelligence (AI) in marketing is to increase ROI by making marketing, which is frequently one of a company’s largest expenses, more effective. Before web advertising, firms would spend a lot of money on TV, radio, or newspaper advertisements while aware that only a small percentage of individuals who saw their commercials would ever become customers.
We can now learn a lot about who is or isn’t interested in our services thanks to the internet. Today, machine learning technology has been added to each of those platforms, enabling them to grow more efficient as they are fed more information about clients and their purchasing patterns.
AI-driven content marketing
Across many different industries, material-based marketing has evolved into the norm. Social media marketing’s expansion and our growing appetite for online content
Here, AI helps us determine the kinds of material that our consumers and future customers are interested in as well as the most effective channels for reaching them. Finding formulae for making advertisements that would cause people to discuss and spread the word to their friends has long been a goal of advertising creatives. Now, a variety of AI-powered solutions can be used to accomplish this automatically. For instance, algorithms for creating headlines that track their performance and adjust their output to attain better metrics, such the open rate for emails or the sharing rate of social media post.
AI will become more helpful in determining where a customer is in the purchasing process.
Identifying micro-influencers
Influencers and AI algorithms are already being used to make sure that you see the search results and social media feeds of the individuals who are most likely to appeal to you.
Advertisers will increasingly employ AI to find the smaller influencers most compatible with their businesses and target audiences.
Artificial Intelligence in Customer Relationship Management (CRM)
Since returning customers are frequently the main source of revenue for a business, customer relationship management is a crucial skill for any marketer to acquire. By identifying patterns of behavior that are likely to result in customers leaving the company, AI can be used to lower the risk of customer “churn” in this situation. Personalized promotions or incentives can then be automatically targeted at these clients to win back their loyalty. A chatbot driven by natural language processing is another marketing tool that is becoming more and more popular among AI-augmented marketers. It can also be used to maintain the accuracy of the data in the CRM system by locating customer records that are likely to include errors or duplicate information.