Artificial intelligence is here, and it’s here to stay. The sudden boom in AI tools and resources has left many marketers excited but also a bit stumped. Figuring out how to integrate AI into daily operations isn’t always easy. However, one area in which AI can consistently benefit companies across many industries is data analytics. Today’s AI tools can easily sift through data to provide workers with actionable, strategic insights. Below, we’ll explore how AI-powered predictive analytics and data analysis can transform how you leverage your marketing strategies.
You’re likely well aware of the value of data-driven marketing decisions. Actions backed by demonstrable evidence are more likely to be impactful, valuable, and beneficial for businesses. In fact, a recent McKinsey & Company study reveals that companies that embrace data-driven marketing are about 23 times more likely to acquire customers than those that don’t.
With the rise of the AI workforce and plenty of new tools to assist marketers, there are more ways than ever before to use technology to enhance your marketing efforts. Let’s take a closer look.
AI tools that use advanced machine learning algorithms can quickly assess campaign data and draw valuable conclusions from it. With these insights, marketers can more accurately tailor their marketing campaigns to specific customer preferences.
Major companies like Nike have already taken advantage of this key benefit of AI. In one campaign, Nike utilized AI to personalize its marketing activity based on both customer preferences and purchase history data.
Put simply, with the help of AI, businesses can precisely segment their audience and characterize each market. As a result, they can deliver personalized, effective marketing messages.
One area where AI thrives is combining information from several sources almost instantly. AI can analyze everything from social media activity to online transactions and customer reviews to help businesses paint a more complete picture of their target audiences.
In doing so, AI supports a stronger bond between brands and consumers. In other words, it helps businesses get to know their customers better – and that has huge implications for marketing strategies, which can be tweaked to suit different audiences.
AI also gives businesses a chance to peer into the future based on current trends and customer data. This insight helps businesses be proactive instead of reactive in terms of optimizing their marketing campaigns.
Human workers can save time and energy by allowing AI tools to automate content generation and other marketing tasks. The right AI resources can help teams draft content, edit messaging for different audiences, send out emails, and more. In fact, nearly all of the repetitive (and often time-consuming) rule-based tasks that go into your marketing efforts can likely be at least partially automated.
AI helps businesses create more customer-centric marketing campaigns in part through its ability to analyze customer sentiments.
Natural language processing (NLP) capabilities allow some AI tools to comb through social media, reviews, discussion forums, and other sources and learn about how customers perceive a brand. Then, this information can be passed on to marketing teams, who can take strategic action based on how those sentiments align with their goals.
How customers search and shop is changing, just like the world of marketing. Today, more and more audiences turn to voice assistance for queries. That means that marketing teams need to adapt their messaging so that it’s optimized for voice search.
Luckily, AI can help. Once again, AI’s ability to analyze large amounts of data (voice search data, this time) is invaluable. Artificial intelligence can be used to detect patterns in how people phrase queries so that marketers know how to shape their content.
For instance, marketers might discover that older audiences tend to use different words or phrasing to describe their queries than younger audiences. Using this information, marketers can more appropriately tailor their content so that it fits seamlessly into voice search results.
Overall, the potential for AI in data analysis is significant, particularly for marketing teams. Predictive analytics, audience segmentation, social sentiment analysis, and content optimization are just a few of the perks that AI can offer to your team.
Recent figures suggest it’s well worth the investment, too, since companies that use AI for real-time marketing decisions achieve higher conversion rates and lower customer acquisition costs than their competitors.
If your team works with data, you can probably benefit from having the right AI tools available to help. Typetone’s AI digital workers and AI platform are designed to help the modern marketer manage everything from data analysis to content writing and more.
Want to see how an AI employee can manage data analytics for you? Interested in learning more about how you can use AI to help your business grow? Schedule a demo with us today to get started.