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COVID has changed the way we live. Today, we spend most of our time online, looking for products and services. For marketing professionals, this translates into a great opportunity to stay connected with their audience in today’s pandemic context. But there is a catch. Customers are overwhelmed with digital information, and they are interacting with brands across multiple channels with so many options available. Which means not every interaction is attracting engagement.
Today, engaging with customers is a whole new ball game. It requires faster and precise decision making about what needs to be communicated, how it needs to be communicated, when and where. The need of the hour is to deliver relevant messaging that conveys a deep understanding of the customer context.
AI-driven solutions, with their ability to make intelligent recommendations, can help marketing teams make the right decisions, in quick time. They can also help marketing teams to launch contextual campaigns with personalised communication with their audience, achieving better engagement levels and enhanced customer experiences.
So what exactly is AI Marketing?
AI marketing is based on technology that uses machine learning algorithms to make automated decisions based on data aggregation and its analysis, along with analysing market trends and data that may impact marketing initiatives. Typically, AI technology is used in digital marketing activities where speed is critical. AI-powered marketing solutions use data to understand the best fit ways to communicate with your audience, and deliver personalised messaging at the right time, on the right channel without intervention from marketers, thereby ensuring a high level of efficiency. Digital marketers across the world today use AI to augment the efficacy of their efforts or to perform more complex tasks that would otherwise consume huge amount of time or resources.
Here’s a look at how AI-powered solutions are transforming the marketing game:
1. Smarter segmentation for enhanced audience discovery
Understanding the customer is the foundation of today’s digital marketing strategy. AI-powered solutions can intelligently segment your audience. By scouring hundreds of data points across multiple marketing campaigns, AI-powered solutions can help marketers discover new sub-segments.
Let’s look at an example. An outdoor hiking gear brand has an audience segment of “trekkers”. AI reveals to marketers that there are two categories in this segment – leisure trekkers and tech-savvy trekkers. With these insights, they customize their product recommendations based on the segment they are targeting. For example, leisure trekkers are shown apparel and accessories, and tech-savvy trekkers are shown the latest navigation devices or solar chargers.
Identifying the right segment helps marketing teams deliver hyper-personalised marketing messages. Marketing solutions powered by AI technology can reveal unique customer traits within a segment. This can then be used by marketers to customize the marketing content and drive more engaging interactions.
2. Accurate predictions to improve lead conversion
Before the digital revolution, marketers relied on their experience and “gut-feel” to arrive at marketing decisions. AI-powered marketing solutions eliminate the guesswork by surfacing accurate, data-driven predictions and recommendations. These predictions allow marketing teams to personalise every customer journey and improving lead conversion through the marketing funnel.
Let’s look at Einstein Engagement Scoring. This AI-powered feature of Marketing Cloud applies machine learning algorithms on customer data to arrive at a score for a company's email subscribers. The score tell you how likely each subscriber is to engage with your email campaigns, and eventually, to convert. The feature can also tell you the likelihood of each subscriber opening an email, click the links within the email body, or to un-subscribe.
Marketers can use these AI powered predictions to build more tailored customer journeys. For instance, customers with a low likelihood of opening emails can be targeted through social media and mobile messaging.
3. Personalised messaging across channels to drive engagement
AI algorithms can use data such as browsing history, age, and recent interaction history with a brand to serve up a campaign landing page that is most likely to resonate with the subscriber. The same applies in advertising. The algorithm can use that data and serve up the right content for an ad in real time based on the user’s profile. This allows marketing teams run tailored ad campaigns that are relevant and better targeted at users, thus boosting ROI.
With the evolution of technology, today’s AI-powered marketing solutions can be further targeted to help marketing teams deliver just the right amount of content. For example, Marketing Cloud Einstein has a feature called Engagement Frequency. It tells you the just the right number of emails to send out to customers and prospects for brand recall without being perceived as spam. Likewise, it also tells you which subscribers are being left out or being contacted too often. Based on this intelligence, marketing teams can customize their messaging strategy for improved customer engagement.
In fact, AI-powered solutions can also tell you if a social media strategy would be a better bet than an email marketing campaign.
Customers value the experience as much as the product and service, and brands will need to deliver personalised messaging across channels to stay ahead of the curve. AI can take your marketing team's understanding of your customers to the next level.
Conclusion
Marketing teams across industries are rapidly adopting intelligent technology solutions to improve overall operational efficiency and the customer experience and drive growth. This need for customer intelligence has ushered in a new era of Artificial Intelligence (AI) marketing solutions. With these AI-powered marketing solutions, marketing teams can get a deeper and nuanced understanding of their audience. The AI-powered insights can help marketing teams to drive conversions at scale.
Regardless of the size of your marketing team, AI-powered marketing technology can help improve productivity, boost ROI, improve organizational efficiency, all while processing heaps of data your team may not have the bandwidth to deal with.
If you are new to AI, even your first small step into AI-marketing like using a machine learning program to draft an email subject line and a greeting for your upcoming marketing campaign, can keep your brand ahead of the curve. It’s a small but significant step towards an AI-powered future.
As a Gold Salesforce Consulting Partner, Girikon is in a great position to help you leverage the powerful technology of the World’s No1 CRM platform. To know more about how your marketing teams can use Einstein for Marketing Cloud to deliver personalised, contextual marketing campaigns, contact us today.
About Author
Indranil is a technology enthusiast with over 25 years of experience in project management, operations, technology and business development. Indranil has led project teams in egovernance, business process re-engineering, product development and worked with Government and Corporate customers. Indranil truly believes in the power of technology to drive productivity and growth for teams and businesses.
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