Artificial intelligence (AI) is a technological buzzword that has become the backbone of the modern world. Today, AI is all around us and used by many industries, including healthcare, education, real estate, agriculture, and more.
According to Grand View Research, the global AI market size was valued at $136.6 billion in 2022. It is further expected to grow at a CAGR of 38.1%, reaching $1811.8 billion by 2030.
What is AI
AI is a branch of computer science that focuses on creating machines or systems that can perform tasks that would typically require human intelligence, such as understanding natural language, recognizing images, making decisions, and learning from data.
AI is quickly transforming the corporate world. With its ability to gather valuable insights from large data, businesses are now able to understand consumer behavior and make data-driven decisions that drive success and growth.
The Impact of AI on Digital Marketing
Like any other field, AI has become an increasingly important tool in the world of digital marketing. Google, Spotify, Apple, Forbes, Amazon, Netflix, and more are currently using AI to optimize their marketing campaigns.
Today, marketers are continuously realizing the benefits of AI and using AI to improve their digital marketing. According to Forbes, over 84% of marketing organizations make use of AI and machine learning technology.
The primary reason behind it is that AI-powered automation and analytics have enabled marketers to create more effective campaigns, understand consumer behavior, and discover new marketing opportunities.
While human ingenuity is still required for the effective completion of most tasks of a digital marketing campaign, AI can help marketers create more personalized content, improve customer engagement, and increase conversions.
There are several ways AI is transforming digital marketing, including:
Automated content creation:
With the advancements in AI, there are several AI tools that can be used to generate content that is tailored to a customer’s needs based on their preferences, past behaviors, and interests. This content can be used in a wide range of settings, from personalized emails to automated blog posts.
For instance, ChatGPT is trending these days. ChatGPT, created by Open AI, is an AI-automated software. It utilizes machine learning and deep learning to deliver swift and accurate responses to user queries. In its first week of launch, it has broken all the records with over 1 million users.
So, now digital marketing experts can embrace the power of ChatGPT and elevate their digital marketing game by crafting captivating and niche-specific content with just a few clicks. From personalized emails to tailor-made blogs, digital marketers have endless possibilities with ChatGPT at their fingertips.
In addition to content creation, AI can also help digital marketing experts determine which is the right consumer for the content and the best channel for its delivery.
Optimized pay-per-click advertising:
AI can be used to optimize pay-per-click (PPC) campaigns. By analyzing search data and historical performance, AI can determine which keywords to target, the best times to run the ads, and the most cost-effective bids. This can help maximize the return on investment for PPC campaigns.
The best example that proves AI is used in PPC is electronic billboards. These systems are also known as “programmatic advertising,” utilizing AI algorithms and big data to analyze real-time data (such as weather and traffic patterns) and determine the best time to display certain ads.
For example, if it’s raining, an ad for a raincoat may be displayed. The algorithm will also take into account the time of day, the location of the billboard, and the demographics of the area to display the most relevant and effective ads.
Today, advertising is no longer just about being creative. It’s about finding the right message, audience, timing, and delivery. People see too many ads and tend to ignore them. But with AI, businesses can make sure their ads reach the right people and make the most of their advertising money. And as AI gets better, it will become even more important for businesses to use it.
AI-powered chatbots have become increasingly popular in digital marketing. They can be used to provide customer service, answer customer inquiries, and make recommendations based on customer preferences.
The best thing about chatbots is that they can help you improve the customer experience by providing information and resolving customer issues in a timely manner. Chatbots provide customer assistance regardless of the time and location. As a result, they help businesses save time and resources that can be further used to complete their other crucial business tasks.
These chatbots can help organizations to automate and streamline their operations, saving customer support agents for complex queries that require personal attention.
How to stay ahead of the curve using AI?
If you want to unlock the full potential of your business and stay ahead of your competitors, you should use the power of AI. However, before you go ahead, you need to know the ways to incorporate AI into digital marketing strategies. So, let’s discuss the same.
- Online Marketing: One of the most effective ways to incorporate AI into digital marketing is to use it for online marketing. AI-powered tools can help you analyze large amounts of data and identify patterns that can be used to target specific audiences. For example, using AI, you can track the behavior of your website visitors and use that information to personalize your marketing efforts.
- CRM using AI: Another way to use AI in digital marketing is to incorporate it into your CRM system. AI can help you automate repetitive tasks such as data entry and analysis, allowing you to focus on more important aspects of your business. Additionally, AI can help you identify potential sales opportunities and predict which customers are most likely to convert.
- Content Creating using AI: AI can also be used to create high-quality content for your digital marketing campaigns. For example, you can use AI to generate blog posts, social media updates, and other types of content. This can save you time and resources, as you don’t have to spend hours writing the content yourself. Additionally, AI-generated content can be highly engaging and can help you reach more people.
- Customized and Personalized Experiences: The ability to create more personalized information and experience online can be the difference between capturing and holding your target audience’s attention and fading into obscurity. By using AI, you can create customized and personalized experiences for your customers. This will help you stay ahead of the competition and get the most out of your marketing efforts.
The Bottom Line
AI is having a significant impact on digital marketing and is quickly becoming a powerful tool for businesses to understand consumer behavior and make data-driven decisions. AI is providing businesses with new opportunities to improve their digital marketing campaigns and increase conversions.
In addition to automated content creation tools, pay-per-click advertising tools, and chatbots, AI can be used to monitor and analyze customer behavior in real-time and create highly-targeted ads for their customers based on their past behavior and interests. This helps create a better customer experience and leads to higher conversion rates.