All About AI: Why it’s Indispensable to Business Marketing

What is AI?

The exponential growth of Artificial Intelligence (AI) has been unprecedented, bringing mass transformation in many sectors, including marketing. AI is an advanced form of computer-generated technology and has revolutionized problem-solving by emulating human-like capabilities. The field of AI has witnessed significant advancements since its inception, starting with the invaluable contributions of British Polymath, Alan Turing, in 1956. These findings have paved the way for innovations such as autonomous vehicles, conversational agents, facial recognition systems and cyber defence mechanisms, among others. Such ground-breaking inventions have reshaped the paradigm of business marketing, providing invaluable insights and tools to comprehend and sustain market growth.

The Function of Marketing in Business

Marketing serves as a crucial and multifaceted function within the business landscape, playing a key role in the success of any organisation. Its primary objective is to attract and entice customers to purchase products or services whilst simultaneously raising brand awareness. Various marketing tools and techniques are employed to achieve these goals, including email marketing, face-to-face sales interactions, social media strategies, influencer marketing and search engine optimization (SEO), among others. Additionally, marketing goes beyond just acquiring new customers; it also plays a major role in cultivating and nurturing relationships, fostering customer loyalty, encouraging repeated sales, and ultimately contributing to the long-term success and growth of the business.

How AI is changing the landscape in Business and Marketing

AI has become a powerful tool for businesses in enhancing their marketing efforts, as evident from LXA Hub’s report which highlighted that 64% of B2B marketers consider AI valuable for their sales and marketing strategy. Among the list of AI tools available, Chat GPT has emerged as a prominent solution, revolutionizing content generation for businesses. This automated platform, assists in generating titles, social media copy and proof-reading materials. Although lacking in personability, Chat GPT proves to be an invaluable resource for handling various tasks efficiently. Another way AI is reshaping the marketing industry is through advanced data-analytics tools. These tools leverage existing data to predict future trends and outcomes, enabling businesses to streamline processes and organise data effectively, all without the need for complex coding. This utilization of AI-driven analytics helps companies make informed decisions, optimize marketing strategies and enhance overall performance.

Why Learn About AI?

In conclusion, businesses should proactively explore and learn more about AI in marketing due to the transformative potential it holds. With 37% of Executives saying managers don’t understand cognitive technologies and how they work (LXA Hub) this further suggests the necessity for leaders to learn and understand the functionality of AI. With AI-powered tools and technologies, businesses can gain a competitive edge by leveraging advanced data analytics, automated content generation, and enhanced customer targeting. Embracing AI in marketing enables businesses to unlock new levels of efficiency, effectiveness and personalisation, leading to improved customer engagement, increased sales and sustainable growth. By staying informed and harnessing the power of AI, businesses can adapt to the evolving marketing landscape, meet customer expectations, and position themselves for success in the digital age.

Our Mini MBA in Digital Innovation covers all you need to know about Business Marketing, along with many other key topics, providing tactical tools to make you an efficient leader and valuable contributor to marketing activities and performance.

To find out more about the Course Agenda, Learning Outcomes and for 10% off your booking please click below.