Transforming EdTech Go-To-Market Strategies with AI
Tiago Mateus
EdTech GTM Expert | CRO | CCO | MD | Partnerships | Blue Ocean Strategy | Advisor | INSEAD MBA | Wharton Undergrad
Artificial Intelligence (AI) has already been reshaping Go-To-Market (GTM) strategies and processes in EdTech organizations to be able to work smarter and increase productivity. Many of us are already using robust tools like ChatGPT quite regularly but, according to Convince & Convert, only 29% of GTM leaders are actually using AI-powered tools regularly for work. Even a smaller minority is actually taking a leap forward and institutionalising its use within their functions.
It is time to start the inevitable, which is to embrace AI in our GTM practices. With approximately 3,500 AI-powered tools available in the market, it is really challenging not only to know where to start but also to understand how it can create real value for your organisation.
To save you time, we have shortlisted a few popular tools and their applications across sales, marketing and customer support:
Where is AI most useful?
First of all, according to Convince & Convert, the following use cases below are where they see AI being the most effective. Not surprisingly, about two-thirds of GTM leaders foresee AI for content creation, market research, analysis, measurement, and analytics being the most useful:
In reality, all these areas are very important but it just depends on your business model and maturity of your GTM machine.
Sales
AI can transform sales processes, enabling more personalized and efficient operations:
Marketing
AI in marketing focuses on personalization and automation for greater campaign effectiveness:
Customer Support
AI improves customer support through proactive service and support:
Internal Requirements for Effective AI Integration
To effectively integrate and utilize AI tools, organizations should focus on several internal requirements:
Investing in education - It's vital to upskill the workforce on data and AI, incorporating training into the workflow to ensure everyone understands best practices, safety, and regulations around using AI.
Adjusting culture - A collaborative company culture is crucial for AI efficacy. Breaking down silos and adopting an agile approach to AI integration can enhance organizational responsiveness and innovation.
Budgeting wisely - Equally budget for technology and its adoption to ensure the tools are not only purchased but also effectively implemented to create value.
Reassessing job roles - Regular reassessment of job roles—ideally every 90 days—is recommended to identify opportunities where AI can automate routine tasks, freeing up staff for higher-value work.
Conclusion
As the landscape of EdTech continues to evolve, the strategic integration of AI tools across sales, marketing, and client success is not just advantageous—it's essential. Adopting AI not only streamlines operations but also significantly enhances engagement and productivity within these domains. However, for AI to truly transform an organization's GTM strategy, it must be accompanied by a commitment to educating the workforce, fostering a collaborative culture, budgeting wisely, and regularly reassessing job roles. By addressing these internal requirements and embracing the vast array of AI tools available, EdTech companies can ensure they are positioned to meet the challenges of today's dynamic market and drive future growth.
That's all for now folks!
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Chief Executive Officer, Faria Education Group
5 个月Great article, well done Tiago!