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ROLE OF AI IN MARKETING.pptx

  1. Management Education And Research Institute ARTIFICIAL INTELLIGENCE IN MARKETING MASTERS OF BUSINESS ADMINISTRATION (2022-24) MARKETING MANAGEMENT PRESENTATION ON Presented To : Prof. MONIKA SHARMA Presented By : DIVYANDU PANDEY & AKSA SARA ABRAHAM
  2. INTRODUCTION • Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing, speech recognition and machine vision. AI (machine or Computer) HUMAN LIKE INTELLIGENCE DEEP LEARNING COMPUTER VISION COGNITIVE COMPUTING AUTOMATION
  3. ROLE OF AI IN MARKETING Some ways that AI is being used in marketing include: Overall, the use of AI in marketing can help businesses better understand their customers and target their marketing efforts more effectively, leading to improved customer engagement and increased sales.
  4. BENEFITS OF USING AI IN MARKETING
  5. EXAMPLES OF AI IN MARKETING CHATBOTS FOR CUSTOMER SERVICE AND LEAD GENERATION PREDICTIVE ANALYTICS FOR CUSTOMER SEGMENTATION AND TARGETING VOICE ASSISTANTS FOR CUSTOMER INQUIRIES AND PURCHASES SOCIAL MEDIA TOOLS FOR CONTENT CREATION AND DISTRIBUTION
  6. CHALLENGES AND LIMITATIONS OF USING AI IN MARKETING ETHICAL CONSIDERATIONS AND PRIVACY CONCERNS DEPENDENCE ON ACCURATE DATA AND ALGORITHMS LIMITED CREATIVE POTENTIAL NEED FOR HUMAN OVERSIGHT AND GUIDANCE
  7. POINTS TO CONSIDER Make sure you have a clear understanding of the data that you are using to train your AI models, including its sources and any biases that may be present. This will help ensure that your AI models are making accurate and fair decisions. Ensure that you have appropriate safeguards in place to prevent AI models from making decisions that may be harmful to individuals or groups of people. This may include implementing measures to detect and prevent discrimination or bias in your AI models. Consider the ethical implications of your AI marketing efforts. For example, consider whether the use of personalized advertising or targeting may raise privacy concerns, or whether certain marketing messages may be perceived as manipulative or deceptive. Be transparent about your use of AI in marketing. This may include disclosing to consumers how your AI models are being used and what data is being collected and used to make decisions. Regularly review and test your AI models to ensure that they are functioning as intended and are not making decisions that are biased or harmful.
  8. CONCLUSION • AI has the potential to revolutionize marketing by allowing businesses to personalize their campaigns and reach their target audiences more effectively. • However, it is important to use AI responsibly and ethically, ensuring that the data used to train models is accurate and free of bias, and that appropriate safeguards are in place to prevent harm. • By being transparent about the use of AI in marketing and regularly reviewing and testing AI models, businesses can ensure that they are leveraging the power of AI to benefit both their customers and their bottom line.
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