Artificial intelligence promises to bring change to nearly every industry—and digital marketing, in particular, will undergo major upheaval from AI sooner rather than later. Campaign Optimization Digital marketing campaigns are already deployed at scale. Soon, AI technologies will be able to optimize campaigns with minimal human involvement. By automatically optimizing the placement of local search ads, Google claims Smart campaigns delivers three times the performance of the AdWords platform it replaces. As with campaign and bid optimization, orchestrating all of this demands a lot of input. AI will automate those elements of marketing personalization, speeding decision-making and helping marketers act faster on the data they have available. All marketers will have to do is define the touchpoints involved in the purchase path and the parameters that describe the target customer; AI will then take over to define what kinds of personalization works best for different segments, and then automate outreach completely. AI promises to influence data analysis for the better. The laborious process of site optimization, involving painstaking page-by-page improvements, will be greatly accelerated because businesses will know which changes will have maximum impact. * * * The primary challenge for companies in the age of AI will be training their AI systems.
This article is part of an occasional series from leading voices about key issues facing marketing today.
Artificial intelligence promises to bring change to nearly every industry—and digital marketing, in particular, will undergo major upheaval from AI sooner rather than later.
Why is online marketing poised to be heavily influenced by AI? Already, many marketing initiatives are automated. And automatable processes can be managed by AI technologies relatively easily, as long as those systems have large data sets from which to draw inferences.
In addition, companies will eagerly drive the adoption of AI-powered marketing tools. That’s because AI promises to improve the performance of marketing campaigns across all channels, accelerating the enterprise sales cycle and boosting revenue.
The effect of AI will be so profound that in the near future “intelligent” digital marketing will be the default and today’s status quo will seem clunky and cumbersome.
Here are the three areas of marketing that will be affected first.
1. Campaign Optimization
Digital marketing campaigns are already deployed at scale. Enterprise-grade campaign management tools let marketers place thousands of ads across multiple ad networks—but doing so requires significant manual effort.
What will change, as AI becomes infused into enterprise software, is that these programs will effectively run themselves, learning over time what works and what doesn’t.
Expect AI to not only uncover new tactics and methods for campaign optimization but also lower the cost of running campaigns. Today, campaign optimization demands the talents of at least one marketing analyst; as a result, 8-10% of a big brand’s media spend will typically go to management. It’s here that AI can have a major impact on the bottom line. Soon, AI technologies will be able to optimize campaigns with minimal human involvement. Simply define 10-15 parameters—such as which sites to place ads on or how much to spend—and the AI will figure out how much money to put…
COMMENTS