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Datorama Adds Genius - DMNews

Datorama Adds Genius - DMNews | The MarTech Digest | Scoop.it
Is there room for another genius in the marketing tech and intelligence space? Datorama, the New York-based data management and activation platform, believes there is, and today launches Datorama Genius, an AI engine designed to surface optimization paths for platform users.
In a conversation before the launch, Datorama's CMO Leah Pope broke the Datorama platform down into three layers: an integration engine, an insights engine, and an activation engine. "There's intelligence in all three buckets," she said. Genius puts AI into the insights layer. 
Marteq's insight:

RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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Tools for Making Machine Learning Easier and Smoother - Data-Informed

Tools for Making Machine Learning Easier and Smoother - Data-Informed | The MarTech Digest | Scoop.it

"There are three types of ML: 

  • With supervised machine learning, the program is “trained” on a predefined set of criteria. 
  • Unsupervised machine learning means the program is given a large amount of data and must find nonlinear relationships within the data provided. 
  • Reinforcement learning is when a computer program interacts with a dynamic environment in which it must perform a certain task. 


Machine learning enables enterprises to not only discover patterns and trends from increasingly large and diverse datasets but also to automate analyses that have traditionally been done by humans, to learn from business-related interactions, and deliver evidence-based responses. It also provides confidence levels in the likely success of recommended actions. It enables enterprises to deliver new differentiated or personalized products and services, as well as increasing the effectiveness and/or lowering the cost of existing products and services.

However, machine learning is inexact computing because there is no deterministic way of modeling features. Features are typically modeled as neural networks, and the parameters depend on the quality of the input dataset."

Marteq's insight:

Why important: B2B Marketers need to be aware of the foundation to machine learning and AI so that we can properly evaluate solutions.

 

RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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Will AI Eventually Take Over The Content Marketing Industry? - Forbes

Will AI Eventually Take Over The Content Marketing Industry? - Forbes | The MarTech Digest | Scoop.it
These are some of the most important Automated Marketing Platforms functions that are already being covered for most brands:

  • Scheduling. One of the most popular categories of automation tools are automatic schedulers, which allow you to write or automatically generate posts for your social media accounts, and schedule them at intervals of your choosing for the indefinite future. 
  • Tracking. 
  • Notifications. Marketers can also receive automated notifications of certain events, such as if their brand is mentioned on social media, or if one of their articles hits a certain popularity threshold. 
  • Organizing. Finally, many platforms offer marketers automated ways to update their editorial calendars, organize their upcoming material, and even correspond with the team.
Marteq's insight:

More Insight: Click through for more examples. But consider that AI may be defined as machine-learning, not automated scheduling.

 

RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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Impact of AI, Robots, and Automation on Jobs: Tracking the "Hyperbole Cycle" - Gartner

Impact of AI, Robots, and Automation on Jobs: Tracking the "Hyperbole Cycle" - Gartner | The MarTech Digest | Scoop.it
I’ve been noticing how articles about how AI, robots, or automation will impact the future job outlook all seem to reuse the same terms, like “disrupt”, “steal”, or “threaten”. The thesaurus has only so many terms to go around I suppose. I got to wondering which terms were most popular, and then how they’ve changed …
Marteq's insight:

Observation: lotsa smack bein' talked. Chill: let the packaged solutions roll out if you cannot develop solutions on your own.

 

RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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DoorDash sees 25% lift from AI recommendations - VentureBeat

DoorDash sees 25% lift from AI recommendations - VentureBeat | The MarTech Digest | Scoop.it
Food delivery company DoorDash says personalized restaurant recommendations based on AI are seeing a significant lift in orders, compared to regular recommendations based on popularity.

In an interview with VentureBeat, DoorDash product manager Jimmy Liu said customers who saw personalized recommendations on average “were over 25 percent more likely” to place an order versus people who saw the most popular restaurants in their area.

Liu said the 25 percent lift from recommendations came specifically from email campaigns. Machine learning (ML) based recommendations made within DoorDash’s app saw a lower lift on orders, Liu said. That’s logical, he said, because if someone is already within the app, they are already showing an intent to order — and so getting an additional lift from recommendations is comparably harder to do than for email, where someone may not be actively searching.
Marteq's insight:

Why is this important?: It's a tangible, measurable result from this AI use case.

 

RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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AI Is Causing Structural Changes In Industry Structures. This Is A 10 Year Race. Are You Ready? - FutureLab

Many people—including the media—are quickly jumping to conclusions about how we will be getting “intelligence in a box,” whether these devices are helping patients, doctors, law enforcement professionals, or white-collar workers across a wide range of industries. The “box” idea, however, is not the right metaphor—far from it. It won’t be a box, but a stack of technologies connected to thousands of sensors facilitating a system that learns about something and creates its own rules. This “black box” idea is wrong because it’s very dangerous to leave such things to a “box,” with very little understanding of what it’s actually learning and the rules it’s creating.

The long-standing debate about AI systems as complements or substitutes for human labor is not relevant. It will become part of our intelligence system, affecting enterprises and individuals, managers and consumers. One thing is for sure: many jobs will disappear and many new ones will be invented and hopefully soon enough
Marteq's insight:

RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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Walk before you run: Marketers must get the basics right before they turn to AI

Walk before you run: Marketers must get the basics right before they turn to AI | The MarTech Digest | Scoop.it
Aiming to capitalise on our digital-first world, many marketing teams have earmarked AI as potential cornerstone in their future strategies. Indeed, a report late last year found that 68% of CMOs are now planning for business in the AI era, while a further 55% expect the technology to have a bigger impact on marketing and communications than social media. Most interestingly, more than half of Chief Marketing Officers (58%) believe that within the next five years, companies will need to compete in the AI space to succeed. 

Despite the phenomenal strides AI has made and the potential impact it could have in revolutionising the world, the fact remains that most marketing departments are worlds away from delivering AI-led outreach campaigns. 

Here are four top tips to help marketers prepare for the rise of Artificial Intelligence: 

1. Make sure you know what you’re doing. And why you’re doing it
2. Good things come to those who wait
3. Get the basics right
4. Keep everyone looped in; but do it safely
Marteq's insight:

What we've been recommending: determine what you want from AI for now. Commercial solutions are still a distance away.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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This A.I. Search Engine Delivers Tailored Data To Companies In Real-Time - Forbes

This A.I. Search Engine Delivers Tailored Data To Companies In Real-Time - Forbes | The MarTech Digest | Scoop.it
Bitvore is a search engine that uses artificial intelligence to deliver proactive and personalized data to businesses in real-time. Referred to as ‘precision intelligence’, Bitvore frequently sources and filters through information, helping businesses spot untapped sales opportunities, trace valuable trends, and identify potential risk factors. The platform filters insights based on specific needs, then instantly delivers those results to back to business leaders.

Today, Bitvore has over 200 machine learning algorithms that analyze each piece of information flowing through their system, with over 350,000 pieces of data circulating daily. Bitvore has raised $8.2 million to date, receiving a recent $3.45 million round in January of this year.
Marteq's insight:

Proprietary, and fascinating.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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15 Applications of Artificial Intelligence in Marketing - Smart Insights

15 Applications of Artificial Intelligence in Marketing - Smart Insights | The MarTech Digest | Scoop.it
Mapping the most effective AI technologies for marketing across the customer lifecycle AI technology is a hot topic in marketing at the moment, but AI is a. Marketing topic(s):Marketing innovation. Advice by Robert Allen.
Marteq's insight:

This is a very good starting point to explore the uses of AI in marketing.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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AI implications on Marketing and Analytics - PlainFlow Blog 

AI implications on Marketing and Analytics - PlainFlow Blog  | The MarTech Digest | Scoop.it
We are experiencing an historic moment where we have more data than ever. We are overwhelmed by data. Yet, although the data volume continues to burgeon, companies often struggle to harness it. Indeed, the way they take decisions isn’t really changed over the past decade. We’re not able to use the data we have. Or at least, we use data, but they do not influence our decision as one might expect. Identifying patterns that enable you to make the right decisions at the right time is what could really make the difference.

Massive data volume generated from a side. The inability to decipher that data chaos and pull out actionable insights from the other side. This is where Artificial Intelligence comes in as a connecting link. One of the techniques widely used to reach Artificial Intelligence is Machine Learning. Machine learning relies on two key elements: algorithms and data sets to train those algorithms.
Marteq's insight:

Are you data-informed or data-driven? To be data-driven, you need AI. So show me the apps.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Is Cognitive Technology the End of Marketing As We Know It? - Top Rank Blog

Is Cognitive Technology the End of Marketing As We Know It? - Top Rank Blog | The MarTech Digest | Scoop.it
Thank about all the structured, repetitive and rules based tasks you might do on a regular basis as part of your job as a marketer. They are all open to being completed by an AI service. Not only could they be completed by a computer, but they could be done faster and with fewer errors. That could free marketers up to spend time on managing even more programs without additional staff. Now, if you’re wondering what roles and tasks are at risk, Loren McDonald of IBM Watson Marketing shared this list:

  • Easily repeatable
  • Data-centric
  • Tasks that improve with learning
  • Rules drive tasks
  • Reporting
  • Customer and segment analysis
  • Campaign automation
  • Media buying
  • Campaign testing
Marteq's insight:

Marketing will implement, maintain, but most importantly, advise on AI capabilities to Sales.

 

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How AI will spur marketing innovation - VentureBeat

How AI will spur marketing innovation - VentureBeat | The MarTech Digest | Scoop.it
Marteq's insight:

I need to think about the differences between machine intelligence, machine learning and AI. Anyone?

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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The path to integrating intelligence throughout the martech stack - Diginomica

The path to integrating intelligence throughout the martech stack - Diginomica | The MarTech Digest | Scoop.it
It’s important that marketers understand the difference between ML and Artificial Intelligence (AI), the latter of which is – at this point – aspirational for marketing. Machine learning is a foundational aspect to AI, and you need to ensure the technology you purchase is implementing ML right.

Functioning properly, machine learning provides the algorithms that make machines smarter but keep in mind that a lot of these algorithms are commoditized – many products use them. It’s how they are used in combination that often differentiates a solution from others. 

There’s a reason ML is used for attribution – it helps improve the accuracy of the analysis. Consider the amount of historical data you need to analyze; no human can accurately analyze all that data and come back with realistic insights. The same for predictive analysis. And ML can learn as the data grows.

Intelligence tools are one part of the marketing stack, and that can make it challenging to do attribution and other analysis. This is starting to change. 
Marteq's insight:

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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AI: The Beating Heart of ABM - DMNews

AI: The Beating Heart of ABM - DMNews | The MarTech Digest | Scoop.it
What now seems clear is that the future of ABM — or at least high quality ABM — has as much to do with AI and machine learning as with the MA hub. Why?
"It's about intimacy at scale," said Demandbase CMO Peter Isaacson in his keynote. "As marketers we've fallen in love with volume. We've replaced intimacy with volume. That's just a broken system." Ironically, it's the machines which can bring human intimacy back. It's precisely AI that creates the potential to market to hundreds of accounts — and the individuals associated with those accounts — in a personal way. As Alan Fletcher, Chief Product Officer, told me later in the day, it's that old marketing goal "real time engagement" — the ability to catch the right person at the right time and say: "You need to read this now."
The AI emphasis suits Demandbase very well, of course. Last year it applied AI under the hood to power its DemandGraph offering — which essentially tracked and predicted the behaviors of B2B buyers around the globe by interpreting hundreds of terabytes of unstructured data and billions of web interactions: impossible without intelligent machines.
Marteq's insight:

Marketing automation needs to grow up.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Artificial Intelligence: Implications On Marketing, Analytics, And You - Occam's Razor

Artificial Intelligence: Implications On Marketing, Analytics, And You - Occam's Razor | The MarTech Digest | Scoop.it
Here are the elements I’ll cover:

+ AI | Now | Local Maxima.
+ AI | Now | Global Maxima.
+ What the heck is Artificial Intelligence?
+ Machine Learning | Marketing.
+ Machine Learning | Analytics.
+ Artificial Intelligence | Future | Kids.
+ Artificial Intelligence | Worry about Humanity.
Marteq's insight:

Nice primer with smart commentary.

 

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The AI Marketing Revolution Comes to Banking - The Financial Brand

The AI Marketing Revolution Comes to Banking - The Financial Brand | The MarTech Digest | Scoop.it
Early adopters in the banking industry are already taking steps in this direction. BNY Mellon has introduced robotic process automation into its operations to lower costs. While this initial deployment is really about how BNY can eliminate menial processes and free up more time for employees. After all, staff should have other value-add activities they can pursue that are more important than solving compliance consistency issues, right? The news from BNY was nonetheless a significant bellwether for the issue of AI in the financial industry.

The stance that banks like Deutsche and BNY take towards AI and automation is bolstered by cold hard facts and the harsh realities of managing the bottom line. According to a report from Citibank, the banking industry spends $270 billion — 10% of all operating costs — simply on compliance and regulation, and that’s largely for employees who need to tackle oversight issues. The report also estimates that banks in the US and Europe have also forked over another $150 billion in litigation and conduct charges since 2011. The report’s overarching conclusion? Regulatory technology (or “regtech”) is a massive opportunity in the banking industry.
Marteq's insight:

If you enjoy reading The MarTech Digest, then PLEASE retweet this:  https://ctt.ec/14RpG 

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Marketers Might Already Be Your In-House AI Experts - Forbes

Marketers Might Already Be Your In-House AI Experts - Forbes | The MarTech Digest | Scoop.it
The bigger question is, can we look to marketing for examples of what AI can do to impact business beyond campaign automation and ad buying? I think so. Here are three examples:

Marketers can use chatbots to bring AI into the organization. 

E-commerce and media company marketers can use AI to to target content intelligently. 

B2B marketers can use AI/machine learning technology to improve sales and marketing without depending on IT. 
Marteq's insight:

Still waiting for SFDC to co-opt AI.

 

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Is Artificial Intelligence Right for Your Business? Implementing AI and Machine Learning [Infographic] - MarketingProfs

Is Artificial Intelligence Right for Your Business? Implementing AI and Machine Learning [Infographic] - MarketingProfs | The MarTech Digest | Scoop.it
The use of artificial intelligence apps and machine-learning in business is growing. Check out this infographic to see which tasks are appropriate for AI implementation and how you might benefit.
Marteq's insight:

I love the notion of AI. I may even love AI for B2B Marketing. But I need AI-based solutions, not AI.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Karolina Belter's curator insight, May 23, 2022 3:28 AM
Uczenie maszynowe w biznesie.
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11 Ways to Make Marketing Automation More Intelligent (and Truly Automated) with AI - PR2020

11 Ways to Make Marketing Automation More Intelligent (and Truly Automated) with AI - PR2020 | The MarTech Digest | Scoop.it

"1. Discover content ideas.
2. Write content. 
3. Automate content (at scale). 
4. Optimize content. 
5. Personalize content.
6. Create ad copy. 
7. Manage digital ad campaigns.
8. Test content.
9. Drafting and publishing social media updates.
10. Review analytics and write performance reports.
11. Recommend strategies and allocate resources."

Marteq's insight:

The first thing I thought of is "how," and when you CT, the post provides links to tools that deliver.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Intelligent, Precision Marketing Requires Artificial Intelligence - Huffington Post

Intelligent, Precision Marketing Requires Artificial Intelligence - Huffington Post | The MarTech Digest | Scoop.it
Sixty days as the CEO of Kahuan, Patel shared lessons learned about marketing automation including:

  • All inventory is either expensive or perishable. Advancements in data science enables CEOs and CMOs to demand an exponentially faster flow of product across demand and supply chains as part of any digital transformation initiative. As a result, smart marketing automation that can convert fast is now unequivocally the tip of the spear for modern marketing leaders.
  • However, the consumer’s attention is far more perishable then your inventory. Every brand is now expected to also use smarter marketing automation to ascertain interest and to engage with consumers at the right time, on the right device and with the right message.
  • You can’t fake AI, you can’t sugar coat AI, you can’t peanut butter AI. Mass personalization at scale is not a manual endeavor. AI at the core, or bust.
  • “Omnichannel consumer experience” is unadulterated hogwash. As an industry, we will have to earn our way to an omni-channel consumer experience and we’re only getting started.
Marteq's insight:

No doubt!

 

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Six Cutting-Edge Applications of AI Marketing Tools | Digital Marketing Blog

Six Cutting-Edge Applications of AI Marketing Tools | Digital Marketing Blog | The MarTech Digest | Scoop.it

"AI marketing tools are already making an impact on customer profiling, ad targeting, content testing, and optimisation:

  1. Content generation
  2. Generative design
  3. Content targeting
  4. Recommendations and content curation
  5. Customer segmentation
  6. Predictive Analytics"
Marteq's insight:

Especially #5!

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Marketing's Artificial Intelligence Revolution Is Here - Contently

Marketing's Artificial Intelligence Revolution Is Here - Contently | The MarTech Digest | Scoop.it
AI proponents concede that technology will replace some roles, but they believe AI has the potential to create just as many new jobs. Plus, they argue, software could free up marketers to focus on creative, strategic work rather than day-to-day processes.

“Ninety-five percent of the people who came to marketing did not come to this data-driven world. They came for the soft side of marketing. ” Patel said. “Because of AI, you can be that creative person you always wanted to be. You now have systems that don’t require you to become a mathematician.”

“AI will significantly simplify the user experience for many of the martech tools that marketers use, as well as automate a tremendous amount of the ‘manual’ labor associated with marketing programs today,” Brinker added. “It’s unlikely that we’ll be lounging around while robots feed us grapes.”
Marteq's insight:

The question is HOW will the marketer use AI...

 

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Gio Falk's curator insight, November 14, 2021 4:57 PM
Supporters of AI claim that software might allow marketers to concentrate on innovative and collaborative tasks instead of normal operations. Marketing plays a huge task in music releases, which will become very efficient if AI can handle that aspect of it. I think it will be very smart to let AI do this side of the work, since it can save time and money. 

This source seems credible, only due to the information backed up by certain people mentioned throughout the article. They also do include visuals of AI creating and marketing on social media. 

I think this source would be relevant now as more and more artists are trying to emerge to the top. With the help of AI, they can not stress about marketing techniques and leave it up to the AI. 
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Why Machine Learning Moves the Needle for Marketers - CMSwire

Why Machine Learning Moves the Needle for Marketers - CMSwire | The MarTech Digest | Scoop.it
Machine learning is simply defined as “making computers work without being explicitly programmed.”

If machine learning is so useful why are only 49 percent of marketers using it? Probably because the rest think it’s too complex and that they cannot afford to hire an IT team to support it. It’s also a common view that the marketing clouds are difficult to use, expensive and suitable only for big companies with separate teams dedicated to marketing automation.

It’s not necessarily true, as there are many different tools with various pricing plans, from those affordable for startups to advanced corporate plans allowing to work on huge amounts of data.
Marteq's insight:

No time + no budget = no heuristics.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Four ways AI is already being applied to sales and marketing - Econsultancy

Four ways AI is already being applied to sales and marketing - Econsultancy | The MarTech Digest | Scoop.it
Chorus.ai helps companies analyze their sales calls

Cosabella Lingerie uses AI to boost email revenue

IBM allows Watson to manage its programmatic ad buying

LeadGenius brings AI to B2B lead generation
Marteq's insight:

Great examples. CT for the details.

 

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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5 things marketers need from artificial intelligence - Tune

5 things marketers need from artificial intelligence - Tune | The MarTech Digest | Scoop.it

1) Emotional intelligence
We already have sentiment analysis. Now we need to hook it up to smart systems that help us understand how customers and prospects feel about our brands and our services.

2) Contextual awareness
The time of the day, current location, weather, and nearby events can have a profound impact on what we want, our urgency, and how brands should react. Artificial intelligence systems like bots or chatbots need to know about the world we live in as well as the things we’re asking them for, to better contextualize their responses.

3) Automation of busy work
Marketers still spend far too much time in Excel or other data aggregation and analysis tools. They need AI systems that can ingest data and then respond to natural language questions … as well as suggest fruitful lines of inquiry.

4) Integration with other AI systems
Putting AI in your marketing cloud, another in your chatbot, another in your Alexa skill, and yet more in your multivariate testing tool is great. Much greater is integrating them all into a smart community that can help marketers globally.

5) Understanding the customer journey
Artificial intelligence can help by ingesting vast quantities of data and — in ways that respect individual privacy — highlight common (and not so common) paths to purchase and loyalty.

Marteq's insight:

Visualize your Marketing Stack. marketingIO will analyze your marketing technology and deliver a visual of your MarTech Stack. Free. Go here: http://go.marketingio.com/stack_analysis 

 

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Entropik Tech's curator insight, September 14, 2018 9:25 AM
Redefining Business Landscape with the New Frontier: Emotion Analytics

Analytics has evolved from being algorithmic to emotionally perceptive, this has a lot of significance for brands.

 

Since long, data analytics has been relying on an impersonal algorithm that deciphers data and comes up with an intelligent narrative of things. However, this algorithm is limited as it does not account for human emotions — the main driver of human behavior and purchase decisions. In the recent time, the introduction of emotion analytics into algorithm has made it more personable, emotionally intuitive and aware.

Today, marketing agencies incorporate emotionality into their analytics to ensure brands have higher emotional engagements with their consumers. Gaining insights into consumer emotional responses to brand offerings is hailed as the philosopher’s stone of marketing challenges. Whether one has reservation about embracing it or otherwise, emotionally intelligent machines have arrived. Ignoring this new technology may implicate a negative growth trajectory for businesses in today’s competitive market, the fact of emotionAI evolution currently being not too far from its inception, notwithstanding.

It has been reported that global conglomerates such as Procter & Gamble, Unilever, Coca-Cola and more, are quietly employing emotion analytics in their market research, though they may not be openly talking about it. This makes it evidently clear that, emotion analytics is the next frontier. Now, more organizations are moving in this direction, by hiring firms that offer emotion recognition technological services to their clients. At Entropik, we make our emotionAI solutions affordable and easily accessible. Our product ‘AffectLab’ is available as a SAAS online, it provides consumer insights in real-time, which is a remarkable improvement over traditional market research, with a usually long turnover period.

What makes emotional analytics a notable development is that, before its arrival, marketers relied on both data analytics and human intuitions. They had to take a call on where to draw the line between these two entities, to come up with sound marketing decisions. This line is now blurring as machines get more intuitive, and artificial intelligence becomes emotionally aware. Marketers today must update themselves on the functioning of emotionally intelligent technology, to draw a new line between the aforesaid entities. This will enable them to productively utilize this new technology with pragmatism, though it is considered almost prophetic in its ability to make predictions on consumer behavior.

Data analytics based purely on an algorithm produced robotic results that lack a human touch. Neuromarketing technologies have changed this scenario completely, by recognizing the importance of decoding human emotions. This enables brands to make a stronger emotional connection with their consumers, which in turn has significant implications for brands’ ROI. It is not surprising that neuromarketing technologies such as, Brainwave mapping, Facial coding, and Eye-tracking are considered by ad agencies as a magic wand of some sort, that works wonders to meet their needs.

A noteworthy implementation of emotion analytics into business product launch is recently carried out by Danone. It analyzed consumers’ micro-expressions to figure out their true feelings about product categories and found that when asked, mothers usually say that they make their baby’s food from scratch, as they are fearful of being judged. However, their behavioral data implied otherwise and therefore, without being judgmental about it, Danone came to recognize there is a space for nutritious, ready-made toddler snack and produced Super Yummies.

According to Crone Consulting, the exciting, emerging market value of emotion analytics is set to reach $10 billion across the globe by 2020 from $20 million in 2015.

Mindshare, a global media and marketing services company, has predicted that emotion data generated by wearable devices will be more accurate in providing emotion insights, and will drive growth in this field. Believing that scaling up emotion analytics would be the game changer and achievable through ‘wearables’, Mindshare has reported, “wearable can measure emotion (through data such as pulse) and even communicate haptically, but their real strength is the whole host of other data they collect which could be applied to the overall picture. Elements like location and browsing history could tell a great deal more about where people are, what they are doing in the context of how they are feeling, and responses tailored accordingly.”

In the field of automobile manufacturing, emotion analytics is set to play a huge role in creating consumer engagement as expressed by Robert Herd, Jaguar Land Rover’s head of communication.

Emotion analytics applications seem almost unlimited and all-encompassing, some of its usages include — Emotive billboards that read viewers facial expressions, Huggies haptic waistband meant for expectant mother’s partner to feel the movement of a baby inside the womb, and Olive stress band that monitors the wearer’s level of stress, among others.

Growth in the field of technology has been by leaps and bounce for the past few decades. At the moment, the future looks exciting and promising for this next frontier known as Emotion Analytics. Early adoption of this technology has rewarded businesses to relate to their consumers in a more compelling manner and enable them to come up with intuitive approaches to do business in general.

Do not miss out on all the value additions this wonder new frontier could bring to your business. Decode human emotions and give yourself a competitive edge by gaining insights into consumer emotional responses to contents, products, and services.

Our entire suite of emotion recognition technologies is available on our online lab — AffectLab. Get yourself acquainted with emotionAI and see for yourself how it works.

Go to AffectLab and enjoy a month-long Free Trial Period. Click here https://www.affectlab.io/register