Machine learning and artificial intelligence have started a new wave in marketing which is taking marketing to its shores. However, AI has just entered the field of marketing and it will still make its legacy. Yet it provides promising results in shaping the future of marketing.
Many marketers welcome artificial intelligence into their strategy but few have yet to implement it. It may seem like a foreign concept to some marketers, but those who really believe in it have had great success.
Let’s see how artificial intelligence shapes the future of marketing:
Advanced Marketing Campaign:
One of the main advantages of machine learning is that it is very easy to identify many connections and patterns that humans cannot. Artificial intelligence for marketing will come in handy when you want to predict changing trends and user behavior patterns. With the help of machine learning models, you can access Google Analytics data and use behavioral data available on the web. This helps the audience find those who are interested in your product, and therefore, most likely convert.
Better customer service:
Using AI in customer service can help maintain a good relationship with your user base. Customers are more interactive than chatbots than humans. Chatbots are learning more and becoming more powerful than ever before. The ability to learn and retrieve large amounts of data helps chatbots respond effectively, thus improving business interaction. Chatbots are trained to do more than just answer simple questions; They can also do troubleshooting and handpick products based on your interests.
Return on investment:
AI helps ensure that your customers receive what is most relevant to them. It is more concerned with providing personalized and valuable content, thus making customers happy that they are being noticed. Therefore, the use of artificial intelligence in digital marketing will definitely be reflected in your campaign ROI. Most customers are unhappy when the content they are viewing is not personalized. Furthermore, according to a recent study, 80% of consumers choose to receive emails from retailers recommending products based on their interests.
Dynamic pricing:
Dynamic pricing helps companies respond more efficiently and effectively. It allows them to manage fluctuations in supply and demand. Some of the top companies already change their prices every day using machine learning algorithms that tweak the prices of products based on the client. It is not only suitable for online stores. Large retailers are slowly accepting active prices in stores. E.g. A few rest day rentals and cafes offer discounted lunches for those who can’t accept the midday rush or at discounted prices to reduce food waste. A planned digital marketing solution like this will help you move forward.