7 March 2024
Key takeways
Today, technology occupies a prominent place in our lives and businesses. Therefore, 2024 promises to be a year in which technology combined with a customer-focused approach will create a perfect and successful organisational symbiosis.
Philip Kotler brought us the concept of Marketing 5.0, which places technology at the centre of business strategies with the purpose of delivering value to the customer. It is a fact that Artificial Intelligence (AI) has revolutionised the way we live, work and even communicate. When we analyse AI applications, we realise that they can take different forms and interpretations. In Marketing, they are also gaining ground in the creative process, as highlighted in Kantar’s report “Marketing Trends 2024”. In today’s volatile market, it is vital for companies to be proactive in the creative arena in order to remain competitive and innovative.
AI has emerged as a powerful ally in the marketing world, transforming how companies connect with their target audiences. First, AI offers unparalleled data analytics capabilities, enabling companies to understand consumer behaviour patterns with unprecedented depth. This analytics capability enables Marketing strategies to be highly personalised, adapting them to the individual preferences of each consumer and anticipating their trends. This personalisation not only increases the relevance and impact of campaigns but also strengthens the relationship with the consumer, resulting in more meaningful and long-lasting interactions.
Building a truly relevant and unique brand is not just about having a robust presence in the market. It is about understanding customer needs, behaviours and aspirations, combined with authentic, intelligent and assertive Marketing campaigns and strategies, which allows us to build genuine and relevant connections with the public.
Based on data about consumer preferences, AI algorithms can make product recommendations, adapt content and dynamically adjust strategies.
On the other hand, as Marketing professionals and departments embrace generative AI, the possibilities for creativity seem endless. More than half (67%) of Marketing professionals feel positive about the possibilities of generative AI, according to the Kantar study.
From generating written and visual content to personalising campaigns more efficiently, technology promises to raise the standard of Marketing strategies with the creation of precise content and experiences targeted at specific segments. However, simply embracing it is not enough; understanding how generative AI can be integrated into creative processes, as well as being relevant and authentic, is crucial to maximising its potential.
Artificial Intelligence is a powerful ally that drives efficiency, personalisation and innovation in Marketing strategies, and companies that integrate it into their strategies are better prepared to achieve competitive and sustainable advantage.