How to maximise marketing initiatives in AI - without alienating your customers
Data
mining is undoubtedly transforming marketing as we know it. Artificial
intelligence (AI) is not only automating some of the most mundane and
time-consuming processes, but it’s also solving the once unsolvable
issue of how to turn terabytes of consumer-generated interactions into
personalised experiences for each individual. AI does this at a scale
beyond a marketer’s wildest dreams.
Digital
native brands such as Netflix and Spotify are setting the standard:
using AI to curate perfect recommendations for their users, and
consumers now expect the same personalisation from all brands. Consumers
are data-savvy and will only entrust brands with their information when
it’s being used to improve their experience, not to interrupt it with
irrelevant content.
Businesses
now know their customers inside-out but many are risking alienating
them altogether. How can marketers harness AI and the customer insights
it brings without offending today’s empowered and connected consumers?
One strike and you’re out
Ask
anyone about online personalisation and they will tell you about a time
when a targeted ad has been off-key or downright disturbing. The issue
often isn’t the personalised nature of the ad, but rather its lack of
relevance.
A third of people
expect brands to anticipate their needs before they arise and a
whopping 70 percent agree that it’s important that brands understand a
consumer’s individual situation – but timing and context is crucial.
Imagine
this: a consumer is in the middle of an interesting article and
suddenly sees an ad for an item they briefly looked at days before, they
are interrupted for something that is most probably irrelevant at the
particular time. Not only does this affect their present moment, but
they then begin to feel like they’re being watched, which alters the way
they browse and the links they click on, for fear of being bombarded
with targeted ads for days and weeks afterwards.
In
a post-GDPR world, consumers know the value of their data and are quick
to withdraw it if brands misuse it. And this goes beyond unsubscribing
from a newsletter or turning on an ad-blocker; PWC found that 32% of customers would abandon a brand altogether after one bad experience.
From irrelevance to long-term relationships
This
is where the recent developments in AI come into play: true 1:1
personalisation across channels (such as email, website, mobile push,
SMS, social networks, print) is becoming possible without the effort and
investment it required a few years back, all thanks to the advent of
machine learning algorithms and the marketing data and insights they
compile. For many modern brands, the intelligent use of personalisation
technologies is becoming a strong differentiator in their marketing
technology strategy as it allows them to create a personalised, relevant
experience to each of their customers.
Using
AI to serve relevant content is a prerequisite to building long-lasting
relationships with your customers. Personalised recommendations
increase engagement and conversion by adapting the content of your
emails, mobile push notifications and website to each individual user
using machine learning. This native form of personalisation can increase
marketers’ conversion rate tremendously and offer a great experience to
their customers.
However,
nowadays, content personalisation alone is not enough: Serving this
content at the right moment, and on the right channel for each
individual also has a strong impact on engagement and loyalty. Again,
machine learning algorithms exploiting consumer data can help to
automate these complex operations and find the best channel and the best
time to send a message to a specific user.
The
technical aspects related to the science and algorithms used for
implementing such features is not something you want to spend time on.
These features should be available out-of-the-box in your marketing
cloud, which should constantly collect data and make it actionable on
all channels brands communicate on. Adapting content, automating
audience segment creation, fine-tuning communication time and channel at
scale and finally ensuring that each consumer perceives a brand’s
communications as relevant and interesting holds the key to keeping
customers on side when it comes to AI.
Maintaining the human touch
The
brands which will truly excel with AI will be the ones who understand
the importance of the human element. Machine learning does not have the
ability to understand human emotions and the vagaries of consumer
conversations. The purpose of AI is not to replace people but to work
alongside marketers and enable them to work faster and smarter. If
companies are to avoid the risk of alienating and losing their
customers, maintaining human relationships will be critical.
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The purpose of AI is not to replace people but to work alongside marketers and enable them to work faster and smarter.
ReplyDeletePersonalized recommendations increase engagement and conversion by adapting the content of your emails, mobile push notifications and website to each individual user using machine learning.
ReplyDeleteAI does this at a scale beyond a marketer’s wildest dreams.
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