Marketing Is a Numbers Game
Marketing is not limited to the advertising material you see in the media. It takes a lot of planning, data analysis and management to finally come up with a marketing strategy for a product or service.
AI has put a gas pedal on production in every industry it is deployed in, for example, software coding. The same is the case for marketing. Marketing professionals use AI for data collection and analysis through machine learning to gain customer insights and automate marketing decision-making.
Hyper-personalization and interactivity help brands effectively capture their target audience. AI image generators also play a role in this context as they enable marketing teams to create tailor-made images in bulk. Strategies like these help businesses stand out in the crowded market, which is essential for their survival. The scale and efficiency that such AI tools provide were unimaginable a year ago.
Marketers can assess more ideas in a shorter span of time and gain deeper insights into what customers want. Based on the findings, this also helps improve customer experience, which will help generate sales, as marketers will have more time to work on customer engagement.
Brands Are Using AI for Personalization
Brands worldwide are using generative AI in their marketing strategies, each with its own unique approach. In some instances, they have generated better results for these brands in their different industries.
Nutella wanted its products to stand out at the point of sale, so it focused on packaging to make them look more desirable. An Italian branding agency, Ogilvy Italia, was tasked with designing the packaging. The agency developed nearly a dozen patterns and used AI to create 7 million one-of-a-kind designs. This was how they created Nutella Unica.
They sold all 7 million jars as soon as they reached the market.
AI can also be impactful in branding. Tools like Midjourney and DALL-E can help creative teams in cost savings, creating visuals, and rapidly putting their ideas into practice.
Coca-Cola is an old player in the advertising game. Its advertising wars with Pepsi are well known, but as times have changed, so have its marketing strategies. The company has taken a unique approach to mix AI with human ingenuity and increase user engagement.
Last year, Coca-Cola invited users to a contest called “Create Real Magic.” Users were asked to create new art material by combining its historic ad creatives with DALL-E, which was then shared on the company’s website.
This campaign brought Coca-Cola to the forefront of companies leveraging AI and helped them stay on top of new innovations.
AI’s Use in Marketing Will Increase
AI is now used more commonly in marketing practices. A study from The Conference Board noted that 87% of marketing leaders have used or experimented with AI tools, and 68% of marketing teams are now using AI in their daily work.
The Conference Board also found that 82% of marketers surveyed expect that AI will be further adopted. They hoped that AI adoption would lead to more improvements in productivity and financial results.
According to the survey, 44% of marketing professionals noted using AI to summarize content, 41% said it helped do the legwork/inspire thinking, and 41% said it helps personalize user content. Another 30% of marketing professionals said that they use AI to produce content faster.
