The AI ​​Revolution in Marketing, Marketing and Advertising News, ET Brand Equity

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People were so excited when Meta, formerly known as Facebook, changed its name. We’ve come a long way in technology since that rich man launched a car into space just for fun. So, understandably, everyone was excited about the next big thing. The word “metaverse” was flying around like confetti, but to me it always seemed a bit quirky, a new flavor of Lacroix. And, truth be told, the pace of technological advancement is so rapid that some have lost touch with reality altogether.

wait a minute! What about good old artificial intelligence? metaverse. So, it’s time for big tech companies to start focusing on the basics and realize AI is where it’s at.

Headcount cuts from Microsoft’s $10 billion ChatGPT project and Meta’s Metaverse efforts prove that market leaders are turning their bets and doubling down on AI. And now, AI-powered apps and his web-based tools are popping up faster than the mushroom after the storm. In addition to offering Metaverse showrooms and experiences, brands employ generative AI technology to deliver compelling and magical campaigns.

I strongly believe that the ideal experience through AR or the Metaverse can only be fully realized if technology can harness all human senses and emotions to truly deliver on the promise of an immersive experience. I’m here. And that’s where AI comes in, folks. So unlock all paths and make your way to the stars! At least, the Metaverse.

As an entrepreneur leading the technology and growth arm of a cutting-edge technology-driven advertising firm in India’s vibrant landscape, I have had a front row seat to the AI ​​revolution that has turned marketing strategies upside down. And let me tell you. It was so wild, it had its twists and turns, and at times many of us lost our heads (and sometimes banged our heads against the wall) in wonder. From data-driven insights that make our heads spin faster than a whirlwind, to chatbots we suspect are secretly plotting world domination, AI is poised to bring positive change and some not-so-fun challenges to the marketing industry. brought.Artificial intelligence (AI) has come a long way since its birth. It has become a fundamental building block in the development of new technologies including augmented reality, chatbots and even the metaverse. But now AI is having its impact on the marketing and advertising industry. It is no longer just a tool used by tech companies and data analysts, but a key component to delivering engaging and personalized campaigns.

From H&M’s AI-powered chatbots that ask customers about their style preferences and suggest outfits based on their answers, to Amazon’s use of predictive analytics to recommend products to customers based on their past purchases and browsing history. To date, AI has certainly revolutionized the marketing game.

But it’s not just about personalized campaigns and predictive analytics. Nike’s “Reactland” campaign showed the magic that can happen when you combine AI and human creativity. Nike has created an interactive game that lets users design their own shoes using generative AI technology. The game collected data about user preferences and used that information to create personalized ads featuring user shoe designs. The result is a highly engaging and personalized campaign that resonates with Nike’s target audience.

AI is more than just a marketing buzzword, it’s actually having a big impact on the industry. It unlocked new realms of creative possibilities. AI-powered content generation tools can analyze customer behavior, optimize keywords, and create content that grabs attention and sparks conversations. For example, I’m sure I’m not the only one Zomato is trying to convince me to order coffee on Monday morning.

Predictive analytics AI also uses complex algorithms to predict consumer behavior. This is like a crystal ball for marketers. Programmatic advertising is like having a personal assistant that buys and sells ad space in real time. No wonder McDonald’s used this to target customers near their restaurants. They must have known from the beginning that we were too lazy to go far for fries. ”

After reading this, you might think that I’m just a tech bastard obsessed with replacing humans with robots. But don’t be fooled by the idea that AI will replace us humans. no way! Any AI is only as capable as the human who directs it. It’s like having a digital assistant in your brainstorming session, who can bring fresh perspectives and unique angles (and sometimes even giggle out-of-the-box suggestions). .

In fact, it’s usually the collaboration of AI and human creativity that brings a captivating masterpiece to marketing. AI-powered content generation tools enable content generation that fulfills creative wishes and generates disruptive ideas that add a touch of human emotion to deliver what marketers lack: creative leaps. I got the genie.

While you may be concerned that AI will take over jobs, in reality AI is creating new opportunities and roles in the marketing industry. AI requires human input for creative decision-making, strategic planning, and understanding customer preferences. Human marketers can use emotion to tell compelling stories and build meaningful connections with their audiences, something AI can’t replicate. As long as computers can’t sense and understand complex human emotions, it’s safe to say we’re still in control.

So, marketing gurus, embrace the partnership between AI and human creativity and continue to create marketing masterpieces that captivate hearts and minds. The future of marketing in India is undeniably exciting, with AI as a trusted ally in pursuit of innovative and impactful campaigns. And perhaps we may finally be able to harness all of our human senses and emotions to deliver on the Metaverse’s promise of immersive experiences.

PS – If you enjoyed reading this article, I recommend using ChatGPT in the following articles as well. In a creative way, of course.

Facebook Parent Company Meta Teams Up With OpenAI To Develop AI Coding Assistant: Report

“It’s the only one internally that’s seriously considering working with Microsoft or OpenAI because there’s a natural business integration there,” he told employees. He added that the company is “working to develop a more focused companion to all of our code and internal documentation, built on our own infrastructure.”

  • Published May 4, 2023 at 7:56 AM IST

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