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Urooz Project
Urooz Project
Virendra Swarup
COLLEGE OF MANAGEMENT STUDIES
A
Project Report
On
ARTIFICIAL INTELLIGENCE IN MARKITING
Submitted in partial fulfillment of the requirement for
the award of the degree of
Bachelor of Business Administration (BBA)
Submitted By
UROOJ FATIMA
(Roll No: 23070000442)
Under the Guidance of
MRS. ALKA MISHRA
(Project Coordinator)
Batch 2023-24
2
ACKNOWLEDGEMENT
With regards
UROOJ FATIMA
Signature of Student
3
Dr.Virendra Swarup
COLLEGE OF MANAGEMENT STUDIES UNNAO
@RAGENDRA SWARUP KNOWLEDGE CITY
(Affiliated to Chhatrapati Shahu Ji Maharaj University, Kanpur Nagar)
Kanpur –Lucknow National Highway
CERTIFICATE
This report neither full nor in part has even before submitted for
awarding of any Degree/Diploma of either this university or any
other university. I am pleased to say that the performance of the
student during the period of report work was extremely
satisfactory.
4
TABLE OF CONTENT
SR. No TOPICS
1. Introduction
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ARTIFICIAL INTELLIGENCE IN MARKETING
INTRODUCTION
Artificial intelligence (AI) has revolutionized marketing by enabling
businesses to analyze vast amounts of data, personalize customer
experiences, automate processes, and predict consumer behavior
with remarkable accuracy. In this introduction, we'll explore how
AI is reshaping the marketing landscape and driving innovation
across various industries.
In today's fast-paced digital landscape, the integration of artificial
intelligence (AI) has emerged as a game-changer in marketing
strategies. From analyzing consumer behavior to automating
repetitive tasks and personalizing customer experiences, AI is
revolutionizing how businesses engage with their audience. In this
introduction, we'll delve into the transformative power of AI in
marketing, exploring its key applications, benefits, and
implications for businesses seeking to stay ahead in an ever-
evolving marketplace.
AI Marketing, also known as Artificial Intelligence Marketing,
harnesses the power of artificial intelligence to automate
decision-making processes in marketing. It involves utilising AI
technologies to collect and analyse data, as well as observe
audience behaviour and economic trends that impact marketing
initiatives. Particularly in digital marketing, where speed is crucial,
AI is employed to streamline efforts. 5
AI marketing tools leverage data and customer profiles to
understand the most effective ways to engage with customers.
These tools autonomously deliver customised messages to
individuals at the opportune moment, without requiring
intervention from marketing team members. This ensures optimal
efficiency in marketing campaigns. AI is commonly employee .
AI marketing uses artificial intelligence technologies to make
automated decisions based on data collection, data analysis, and
additional observations of audience or economic trends that may
impact marketing efforts. AI is often used in digital marketing efforts
where speed is essential.
1. Marketing Automation: AI is utilised to automate tasks such as
lead generation, lead scoring, and customer retention. By
leveraging AI, marketers can identify potential customers and
engage with them at the optimal time when they are most likely to
respond positively to marketing messages.
1
rivals. These factors allow the productive entity to generate
more sales or superior margins compared to its market rivals.
1
our lives easier.
1
4. Allow continuous learning
In AI solutions, learning implies the ability of computer algorithms to
learn from past experiences and observations to improve their
knowledge. A machine learning program processes a set of input-output
pairs for a defined function and uses the results to predict future input
outcomes.
1
In most cases, AI uses two learning models - supervised and unsupervised
- in which the main difference is the data being labeled. As AI systems
learn independently, human intervention is minimal or nonexistent. ML
refers to an automatically known process.
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6. Promote creativity
Artificial intelligence enhances creativity and hypocritical thinking so
humans can accomplish tasks more effectively. AI can process vast
amounts of information, consider alternatives, and develop creative
paths for us to follow. Additionally, it provides a platform for enhancing
and strengthening creativity since AI can create several novel concepts
and ideas that can motivate and boost the creative process as a whole. A
3D-rendered apartment layout can be designed with multiple interior
design options using an AI system.
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7. Achieve General Intelligence
Research into artificial intelligence focuses on developing machines
capable of combining humans' cognitive skills and performing tasks better
than humans. By doing so, studies could be accomplished more
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efficiently, and humans could avoid risky jobs like defusing bombs.
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relying on just one source of information.
2
Powered by machine learning algorithms, AI marketing tools analyze
huge volumes of data to uncover strategic insights to better attract,
engage, and retain customers. From content creation to predictive
analytics, AI is lending cutting-edge capabilities to marketing teams of all
sizes.
According to research, 61.4% of marketers have used AI. This will only
increase as AI tools get easier to use and more powerful. For today's
digital marketing leaders, ignoring the AI revolution is no longer an option
if they want to stay ahead of the competition.
In this comprehensive guide, we will unpack everything modern
marketers need to know about leveraging AI to upgrade their marketing
strategies and operations .
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Innovating Products and Services
AI enables businesses to innovate their products and services continually.
By leveraging AI, companies can personalize offerings, develop new
products based on consumer insights, and improve the quality of existing
services. This innovation is not just limited to tech companies; it spans
across sectors, including retail, healthcare, and manufacturing, where AI-
driven innovations can distinguish a business from its competitors.
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Streamlining Marketing Efforts
In marketing, AI's ability to analyze consumer data and predict trends
enables businesses to create more effective, targeted marketing
campaigns. AI tools can optimize marketing spend by identifying the most
effective channels and strategies, ensuring a higher return on investment
and a stronger market presence compared to competitors.
Many theorists believe that computers will one day surpass human
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intelligence; they’ll be able to learn faster, process information more
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effectively and make decisions faster than humans. However, it’s still a
work in progress as there are many limitations to how much artificial
intelligence is achieved. For example, computers don’t perform well in
dangerous or cold environments; they also struggle with physical tasks
such as driving cars or operating heavy machinery. Even so, there are
many exciting things ahead for artificial intelligence!
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Enhanced accuracy: Artificial intelligence algorithms can process data
quickly and accurately, reducing the risk of errors that can occur in
manual processes. This can improve the reliability and quality of results.
Personalization: Artificial intelligence can be used to personalize
experiences for users, tailoring recommendations, and interactions based
on individual preferences and behaviors. This can improve customer
satisfaction and loyalty.
Exploration of new frontiers: Artificial intelligence can be used to explore
new frontiers and discover new knowledge that is difficult or impossible
for humans to access. This can lead to new breakthroughs in fields like
astronomy, genetics, and drug discovery.
Approaches of AI
Acting humanly (The Turing Test approach): This approach was designed
by Alan Turing. The ideology behind this approach is that a computer
passes the test if a human interrogator, after asking some written
questions, cannot identify whether the written responses come from a
human or from a computer.
Thinking humanly (The cognitive modeling approach): The idea behind
this approach is to determine whether the computer thinks like a human.
Thinking rationally (The “laws of thought” approach): The idea behind
this approach is to determine whether the computer thinks rationally i.e.
with logical reasoning. 3
Acting rationally (The rational agent approach): The idea behind this
approach is to determine whether the computer acts rationally i.e. with
logical reasoning.
Machine Learning approach: This approach involves training machines to
learn from data and improve performance on specific tasks over time. It is
widely used in areas such as image and speech recognition, natural
language processing, and recommender systems.
Evolutionary approach: This approach is inspired by the process of natural
selection in biology. It involves generating and testing a large number of
variations of a solution to a problem, and then selecting and combining
the most successful variations to create a new generation of solutions.
Neural Networks approach: This approach involves building artificial
neural networks that are modeled after the structure and function of the
human brain. Neural networks can be used for tasks such as pattern
recognition, prediction, and decision-making.
Fuzzy logic approach: This approach involves reasoning with uncertain
and imprecise information, which is common in real-world situations.
Fuzzy logic can be used to model and control complex systems in areas
such as robotics, automotive control, and industrial automation.
Hybrid approach: This approach combines multiple AI techniques to solve
complex problems. For example, a hybrid approach might use machine
learning to analyze data and identify patterns, and then use logical
reasoning to make decisions based on those patterns.
Applications of AI include Natural Language Processing, Gaming, Speech
Recognition, Vision Systems, Healthcare, Automotive, etc.
3
Forms of AI:
1) Weak AI:
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image recognition in photographs, spam filtering, prediction of judicial
decisions[204] and targeted online advertisements. Other applications
include Healthcare, Automotive, Finance, Video games, etc
Applications
3
Artificial Intelligence has the potential to bring many benefits to society,
but it also raises some important issues that need to be addressed,
including:
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It’s crucial to address these issues as AI continues to play an increasingly
important role in our lives and society.
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Although AI cannot solve all your organization's problems, it has the
potential to completely change how business is done. It affects every
sector, from manufacturing to finance, bringing about never before seen
increases in efficiency. As more industries adopt and start experimenting
with this technology, newer applications will be invented. AI will bring a
change even more widespread and sweeping than the introduction of
computing devices. It will change the way we transact, get diagnosed,
perform surgeries, and drive our cars. It is already changing industrial
processes, medical imaging, financial modeling, and computer vision. We
are well on our way to tapping into this enormous potential, and as a
result, the future holds better decision-making potential and faster, ...
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