The Future of Marketing under the impact of Artificial Intelligence : A Study
This research paper explores the transformative impact of Artificial Intelligence (AI) on the field of marketing and envisions the future landscape of marketing strategies and practices. As AI technologies continue to evolve and permeate various industries, marketing is undergoing a profound paradigm shift. This paper delves into the multifaceted ways in which AI is revolutionizing marketing, from data analytics and consumer insights to personalized communication and campaign optimization. The paper begins by elucidating the foundational concepts of AI and its integration into marketing processes. It delves into how AI-driven algorithms are enhancing data collection, analysis, and interpretation, thereby enabling marketers to gain deeper and more actionable insights into consumer behavior, preferences, and trends. Additionally, it explores the role of AI in facilitating dynamic and highly personalized customer experiences, fostering stronger brand-consumer relationships. Furthermore, the paper investigates the ethical considerations that arise in the era of AI-driven marketing, including issues related to data privacy, algorithmic bias, and the potential displacement of human roles. It underscores the importance of responsible AI deployment and emphasizes the need for comprehensive guidelines and regulations. Drawing on case studies and industry examples, this paper envisions the future trajectory of marketing in an AI-dominated landscape. It contemplates the emergence of AI-powered chatbots, virtual influencers, and predictive analytics as pivotal tools for marketers. It also discusses the collaborative synergy between AI and human creativity in crafting compelling narratives and content. The research paper outlines key implications for marketers, businesses, and policymakers as they navigate the evolving landscape shaped by AI. It underscores the necessity for continuous adaptation and learning in an environment characterized by rapid technological advancements. By embracing AI's capabilities while upholding ethical principles, the future of marketing promises to be a dynamic fusion of innovation, data-driven insights, and empathetic customer engagement
Year of publication: |
[2023]
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Authors: | Meel, Dr. Pankaj |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
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