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The recent fast-paced development of artificial intelligence has caused a revolution in many fields. One is digital marketing, which gained many new possibilities thanks to innovative AI technology. From this article, you will learn how AI marketing works and what are its benefits and downsides.
Grand View Research predicts that the worldwide AI market will increase to an estimated $1,811.8 billion by 2030. That’s a significant growth from $136.6 billion in 2022. Thus, no wonder how fast AI appears in new fields and finds usage in new cases.
But is AI marketing good?
The AI implementation can be a game-changer for marketing strategy. Today, I’ll show you where you can use AI marketing technologies and the pros and cons.
Let’s start by explaining what AI is and how it works. If that part is too obvious for you, skip immediately to the topic of AI marketing.
- What are artificial intelligence (AI) and machine learning?
- How does artificial intelligence work?
- What types of AI are there?
- What is AI marketing?
- Where do we find AI tools in marketing?
- What are the benefits and downsides of using AI?
- What do people think of AI?
- How to use AI marketing solutions wisely?
- Common fears and concerns regarding AI
- AI marketing tools
- Try a new AI marketing tool!
What are artificial intelligence (AI) and machine learning?
Artificial intelligence (AI) is an exciting field of technology. It aims to create computer systems capable of performing tasks that typically require human intelligence.
But what does that mean for you?
Well, imagine having a personal assistant who can understand your needs, learn from your interactions, and provide intelligent solutions. That’s where AI comes in.
AI is closely related to machine learning, basically, the process of technology gaining knowledge. Just like a child learning by trial and error, machines broaden their knowledge by analyzing examples and data samples.
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How does artificial intelligence work?
At its core, AI uses advanced algorithms and vast amounts of data to train computer systems. This enables them to recognize patterns, make predictions, and take actions.
The process begins with training the AI model using an extensive database. It contains examples and information that the model can learn from. Through a process called machine learning, the model learns to recognize patterns and make predictions based on this training data.
It’s like teaching a computer to think and learn like a human. That’s where the notion of deep learning comes in.
What is deep learning?
It is like teaching a computer to think by building layers of knowledge, just like how we learn complex things step by step. It uses networks that imitate our brain’s structure to understand and make sense of information. These networks learn to recognize patterns, starting from simple ones and going deeper to understand more complex ideas. It’s like learning to recognize different animals by first understanding shapes and colors, then combining them to identify specific creatures.
What’s special about AI?
One key aspect of AI is its ability to handle ambiguity and uncertainty. It can make decisions even when the information is incomplete or ambiguous, using techniques like predictive analytics. This allows AI systems to handle complex tasks and provide valuable insights in a wide range of domains.
How often does AI improve?
AI models can continuously improve and adapt through a feedback loop.
As the model interacts with real-world data, it refines its understanding. It becomes more accurate over time as it receives feedback on its predictions.
It’s a constant cycle of learning and improvement. That’s what makes AI marketing tools so powerful.
What types of AI are there?
There are 4 types of AI considering the level of advancement. Here they are, from the least to the most advanced:
Reactive AI is the simplest form of AI that operates purely in the present moment. It responds to immediate stimuli without any memory or the ability to learn from past experiences.
This type of AI analyzes the current situation and provides an output based solely on the available information. It can’t anticipate future events or understand context beyond the present interaction.
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Limited Memory AI
Limited Memory AI builds upon the reactive model by incorporating a limited memory capacity. It can recall past events and use that information to make decisions in the present.
This type of AI can retain a short-term memory of recent data or experiences. It allows it to make more informed choices. However, it cannot learn from long-term memory or adapt its behavior based on evolving circumstances.
Theory of Mind AI
Theory of Mind AI represents a significant advancement, as it can understand and attribute mental states to others.
This type of AI can infer individuals’ intentions, beliefs, and emotions. This enables it to predict and respond to human behavior more effectively.
Theory of Mind AI allows for better social interaction and collaboration with humans by considering their perspectives and intentions.
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That is the highest level of AI. It involves machines exhibiting self-consciousness and an understanding of their own existence. This type of AI can introspectively recognize its internal state, goals, and capabilities.
Self-awareness AI goes beyond mere data processing and decision-making; it reflects upon itself and can adapt its behavior, learning, and goals based on self-reflection and self-improvement.
Luckily, as far as we know, self-awareness AI hasn’t existed yet. So, there’s no need to worry about AI technology attempting to take control of the world. We can all breathe a sigh of relief!
Now that you know the theory behind it, let’s move on to AI marketing. We’ll see how these technologies translate into innovative tools and solutions supporting digital marketing efforts.
What is AI marketing?
Simply put, AI marketing relies on artificial intelligence to automate tasks and make work easier. Thanks to self-learning mechanisms, it is possible to streamline many tedious tasks in digital marketing. These tasks previously had to be done manually, which was taking way longer.
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AI marketing tools can mimic humans and effectively analyze data, create content, or answer questions.
In addition, machine learning allows for algorithms’ continuous development and improvement. As a result, AI marketing tools become increasingly accurate in performing their tasks and improve smart marketing solutions.
Where do we find AI tools in marketing?
AI shines in marketing when it comes to data science and media monitoring.
With AI-powered tools like Brand24, you can keep a close eye on what people are saying about your brand. You can also monitor your competitors market trends and industry trends. That’s a crucial solution when it comes to digital marketing.
You can track mentions, analyze sentiment, and gain valuable insights into how people perceive your brand online. This lets you respond promptly, engage with your audience, and protect your brand’s reputation.
Here’s a media monitoring project for the keyword Nike:
Brand24 is also helpful for digital marketing campaigns. It can track your branded hashtag or slogan.
For instance, here’s a media monitoring project of the Adidas campaign performance Impossible is nothing:
As you can see, the mentions have assigned sentiment (positive, negative, or neutral). That’s one use of AI. The model learned to recognize emotionally charged words. On this base, it decides on each comment’s overall sentiment.
Data collection and analysis
Data analysis is another crucial aspect of AI marketing. Thanks to this one, you can adjust your marketing strategy, predict future behavior of your customers, and empower your AI marketing teams.
AI can process large volumes of customer data, including demographics, browsing behavior, and purchase history. Analyzing this data can uncover valuable patterns and correlations that help you better understand your customers.
This, in turn, enables you to segment your audience. You can personalize your marketing messages and deliver targeted campaigns that resonate with each customer.
Brand24 provides a wide range of advanced AI analytics. In the tool, you’ll find Topic, Emotion, and Metrics Analysis.
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We also use automated data analysis in Brand24. For any project, you can get an automatically generated PDF report.
What’s more, it is fully customizable, so you can choose the information and metrics you want to find inside.
Customer data collection
AI marketing tools can analyze customer data and help you reach your target audience at their optimal response time.
By analyzing consumer data, you can examine customer journey and find ways to streamline it. Thanks to all that data, you can boost customer satisfaction.
When it comes to content, generative AI is a game-changer. Natural Language Processing (NLP) algorithms can generate human-like content, including blog articles, social media posts, and product descriptions.
This saves time and effort in creating engaging content while maintaining a high posting frequency.
AI can also optimize your content. It can suggest keywords, improve SEO, and predict which types of content are likely to perform well.
There’s a lot to choose from if you want to automate marketing tasks in your company.
Are you ready to start AI marketing?
Communication with customers
AI tools support digital marketing campaigns and email marketing.
In email marketing campaigns, AI can create email subject lines for you, personalize messages, and adjust sending time to each user.
Chatbots use AI to provide instant customer support, answer frequently asked questions, and guide users through their purchasing journey. If implemented reasonably, this can be a game-changer for improving customer experience.
You may also use AI for dynamic pricing. Algorithms can adjust prices in real time based on demand, competition, and customer behavior.
The presented offer can also align with a particular user’s needs, boosting customer engagement.
Quick wrap up
Let’s sum up this part. AI marketing leverages the power of artificial intelligence and machine learning to enhance various aspects of your marketing efforts. AI finds usage everywhere, from media monitoring and data analysis to content creation and customer support.
AI can help you make smarter decisions, engage with your audience more effectively, and deliver personalized experiences.
The impact of AI and machine learning on modern marketing operations is enormous. Nobody would have guessed it more than a decade ago!
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When used properly, AI in marketing can bring enormous benefits and significantly streamline time-consuming tasks.
But unfortunately, AI-powered marketing tools are not a perfect ten. Let’s discover their pros and cons in the next paragraph.
What are the benefits and downsides of using AI?
AI can revolutionize many aspects of your professional life, especially marketing. From personalized recommendations for your target audience to advanced data analytics, AI can enhance your marketing strategies and make your campaigns more effective and efficient.
Let’s take a closer look at the pros and cons of AI in marketing so you can make informed decisions.
On the positive side, AI brings efficiency and productivity to your marketing efforts.
Use AI in marketing? Monitor your online mentions!
AI saves time by automating repetitive tasks like data analysis and customer segmentation. It allows you to focus on more strategic activities. AI helps you understand your customers better by analyzing vast amounts of data. It identifies patterns and trends that may have otherwise gone unnoticed.
With AI, you can personalize your marketing campaigns, delivering tailored messages and offers to a specific target audience. This will lead to increased customer satisfaction and engagement.
Another benefit of AI is optimizing marketing campaigns in real time. By continuously monitoring and analyzing data, AI can make data-driven decisions and adjust your marketing strategies on the fly. This adaptability enables you to stay ahead of the competition and maximize your return on investment.
Let’s take media monitoring, for example. You can quickly identify customer feedback and dissatisfaction by tracking your online mentions. This way, you can resolve problems before they escalate to the size of a PR crisis.
Here’s an example:
Brand24 detected a negative mention of McDonald’s. The customer complains about the undercooked meat.
Of course, this could have been a one-time incident, but forewarned is forearmed. It’s better to be aware of these situations and monitor if they don’t occur more often.
AI has made significant strides in content generation, but there are still a few caveats to consider. AI-powered content generation tools can help automate the creation of articles, blog posts, social media captions, and more. These tools analyze data, identify trends, and generate written content quickly. It can be a time-saving solution, especially for high-volume content needs.
Implement AI in marketing and monitor your reputation!
That would be on the plus side. Let’s now talk about the potential drawbacks.
One of the challenges of using AI in marketing is the need for high-quality data. AI relies on accurate and reliable data to generate meaningful insights. If your data is incomplete, outdated, or biased, it may lead to inaccurate predictions or recommendations. Therefore, ensuring data quality and integrity is crucial to leverage the full potential of AI.
Another consideration is the ethical aspect of AI. As it uses machine learning to identify patterns and make decisions based on historical data, there is a risk of perpetuating biases or discrimination. It’s vital to monitor and evaluate AI systems to prevent unintended consequences and ensure fairness and inclusivity in your marketing programs.
For instance, here’s an interesting mention detected by the Brand24 media monitoring tool. The user tricked ChatGPT into pretending it was a Christian and denying other religious or philosophical viewpoints.
What’s about Brand24 is that when you come across an intriguing mention, you can immediately go to its source. This allows you to read the whole thing posted and follow the entire thread.
Regarding content marketing, you should remember not to rely solely on AI.
One drawback is the lack of human expertise and creativity. AI algorithms, although advanced, don’t possess the same level of subject matter knowledge or storytelling abilities as human writers. The human touch, with its emotion and empathy, may be missing from AI-generated content.
Another challenge is the potential for generic and standardized content. Generative AI algorithms aim to create content that appeals to the masses. Thus, there’s a risk of producing cookie-cutter texts lacking originality. In a world inundated with content, uniqueness, and creativity are essential for audience attention.
To address these limitations, strike a balance between AI-generated content and human-generated content.
By embracing AI as a complementary tool in marketing content generation rather than relying solely on its capabilities, you can ensure that your content maintains a human touch. This approach helps it resonate with your audience and stand out in the vast sea of digital content.
In conclusion, AI offers numerous benefits in marketing, empowering you to streamline processes, gain insights, and optimize campaigns.
However, it’s important to consider and address several factors when leveraging AI in your marketing efforts. These include data quality, ethical considerations, as well as the necessary resources and expertise to maximize its potential.
By carefully weighing the pros and cons, you can leverage AI effectively to enhance your marketing strategy and achieve your goals.
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What do people think of AI?
People are very much divided when it comes to AI. Some are amazed by it while others worry and are against.
Take a look at the sentiment analysis by Brand24. It’s almost 50/50!
I decided to use Brand24 to see what people think about AI. An interesting mention led me to an even more interesting Twitter post.
Look closely at the generated pictures. That’s exactly what I warned you about. AI used all its information about India, in result creating stereotypical or irrational images.
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How to use AI marketing solutions wisely?
In summary, AI is a powerful technology that enables computers to think, learn, and make decisions like humans.
Through training, machine learning, and continuous improvement, AI models can analyze data, recognize patterns, and provide valuable insights. With its potential to transform various industries, AI holds tremendous promise for the future.
AI and machine learning have already revolutionized the field of marketing. It enabled marketers to automate tedious tasks and analyze and interpret data faster and more effectively.
As a result, AI marketing has become extremely popular and widely used in various areas, such as modern media monitoring, creating content, customer communication, and many more.
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When used properly, AI marketing can bring many benefits, but it’s essential to use these tools reasonably.
In addition, we should all remember that AI in marketing is just a tool. It does not replace human intuition, knowledge, and experience. Although marketing AI can provide valuable insights, the final decision-making process should always be made by humans. They can assess and verify the results obtained with the help of AI marketing tools.
Common fears and concerns regarding AI
Does Google penalize AI content?
No. Many marketing teams are afraid of that and observe the situation, but there are no alarming signals for now.
Can AI take over creative jobs?
AI cannot truly take over creative jobs.
AI can mimic certain aspects of creative work but lacks genuine creativity and originality. It performs automated processing based on patterns and data learned from human-created content.
For instance, AI can piece together parts of different images to create new ones, but this is not true creativity. It’s a structured, algorithmic process that may give the impression of invention.
To comment on this, I’d love to share my favorite meme about AI with you.
Is AI more intelligent than humans?
AI can exhibit a form of intelligence that surpasses humans in specific tasks. It excels at analyzing massive datasets and providing insights. However, AI’s intelligence is narrow and task-specific. There are instances where AI may falter, leading to incorrect conclusions or biases. To harness AI effectively, human oversight is crucial to ensure reliable and unbiased results.
Can AI revolt against humanity?
No, AI cannot revolt against humanity. It lacks consciousness and self-awareness, making it incapable of independent actions or intentions.
AI marketing tools
Marketing teams all over the world use the potential of AI marketing tools to their benefit.
If you want to join them, read my previous article: Best AI Marketing Tools to Try in 2023.
Try a new AI marketing tool!
AI is changing marketing landscape for good. It truly empowers marketing teams. Thus, it’s one of the marketing investments that is really worth it.
As the market for AI marketing tools continues to grow, it can be overwhelming to know where to start. I recommend you experiment with different marketing AI tools to see which ones work best for your niche and needs.
Among many AI marketing tools, I highly recommend you try one. Of course, it’s Brand24. It’s a media monitoring tool perfect for digital marketing and managing customer relationships. Thanks to AI-powered metrics and features, it will support your strategic marketing decisions with data science and customer insights.
Our marketing tool, Brand24, will empower your brand management and sentiment analysis and provide priceless marketing insights on customer experience and digital marketing campaigns.
Whether you’re a small business owner or a marketing professional, incorporating AI marketing tools can benefit you and help you stay ahead of the competition.
Develop your AI marketing strategy today!
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