The Impact of AI in Digital Marketing : Trends and Insights
Accurate and Quick Data Analysis
Businesses collect so much data about customers on a day-to-day basis. Customer behaviours, demographics, market trends that affect their decisions and so on. Now imagine manually sifting through all this data to create marketing campaigns that make sense to the brand’s long- or short-term goals. Intimidating, isn’t it? This is where AI is of great assistance.
AI tools help make sense of enormous quantities of data quickly and accurately. AI can identify meaningful relationships in the data collected in a way that might be humanly impossible or extremely time consuming. Think of all those personalized ads we see on our feed. They are all related to products that interest us, that we have searched about, or keep thinking about! We see them as a result of targeted strategies based on AI generated insights.
This is how personalized marketing campaigns that are relevant to certain demographics are formed. Content, offers and promotions are customised to match consumer likes and dislikes, thereby ensuring greater conversions. Moreover, marketers can ask specific questions like ‘where are the highest conversion rates happening?’, ‘how to allocate ad spend for maximum results’ etc to make some strategic decisions.
Personalization
In the age of AI, it is not surprising to receive an Emailer with your name on it or even visiting a website that seems to show all that you are interested in. That’s the power of AI for you! AI helps marketers get real time data about individual preferences that can be used to create highly tailored content that’s relevant to your audience. Armed with the data that AI algorithms provide, marketers can create campaigns that align with the preferences of customers thereby ensuring greater ROI.
The greatest advantage to this personalization is that customers feel at home with the brand they are interacting with, hence, improving the chances of being a repeat customer. They get a sense of being understood which also helps with long-term loyalty.
Since inspecting customer data is an automated task with AI, it can provide personalized experiences to multiple customers simultaneously. And yet the quality of personalization is never compromised.
Saving Time
The biggest advantage of using AI in digital marketing is that helps marketers wrap up repetitive and boring tasks quickly, thereby focusing more on work that requires creative thinking. By automating these boring tasks, you have more room for strategic endeavours that require a human touch.
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Some areas where AI powered automation can help save plenty of time: targeted email campaigns where you don’t have to manually send mails, producing high quality content that just needs to be skimmed over from your side, social media scheduling, making real-time adjustments to ad campaigns, to name a few.
Better Decision Making
AI makes real-time insights and thus aiding in making data driven decisions quickly, possible. With up-to-the-minute info on Key Performance Indicators (KPIs), tracking metrics like conversion rates, web traffic, click through rates and social media engagement, is a cakewalk. This helps marketers review the effectiveness of each campaign, letting them make adjustments or changes to it as needed.
Not only does AI help marketers access this data, it also helps make sense of it. Which means, you even get actionable insights. So, you know if there is a sudden increase in traffic or a drop in it so that marketers can investigate further into it and modify targeting or other elements right away.
This up-to-date information driven by AI enables capitalizing of opportunities at the right time in the right manner. And this assistance in making good decisions automatically results in better marketing outcomes.
AI: Top Use Cases
The above are some of the most prominent impacts of AI on Digital Marketing. But that’s not all. The following are some of the top use-cases of AI that are changing the digital marketing landscape even as you read this:
With the myriad possibilities of AI some ethical concerns on data privacy and algorithm biases are also prevalent. And rightly so. Even as we use AI to optimize digital marketing efforts, what we must not forget is that it is merely a tool to enhance the impact and reach of campaigns. Like any other machine, its purpose is to minimize human effort. For Digital Marketers, AI eases a lot of jobs. In the time it helps us save, our focus should be on cracking big ideas with a human touch. Because nothing beats an original idea that touches the soul.