Professional Documents
Culture Documents
MARKETING MODELS
(GROUP 4)
SIVATEJ KODURU
SUSHREE SUBHADRA
SHANTANU RAYGHATAK
SARVAGYA GAIN
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ANALYTICS
TECHNIQUES
Figure 3 of the reading shows the intersection of analytics and
machine learning. The diagram is a two-dimensional graph with
the x-axis representing analytics and the y-axis representing
machine learning.
Self-learning: This section contains machine learning techniques
that can learn from data without being explicitly programmed.
Examples of self-learning techniques include neural networks
and deep learning.
Machine learning + predictive analytics: This area contains
machine learning techniques that are used to predict future events
or outcomes. Examples of machine learning + predictive
analytics techniques include time series analysis and forecasting.
No learning: This quadrant contains analytics techniques that do
not involve machine learning. Examples of no learning
techniques include descriptive analytics and statistical analysis.
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MACHINE LEARNING + PREDICTIVE ANALYTICS:
Data-Driven Decision-Making: Machine Learning empowers organizations to base decisions on data insights
rather than intuition, improving accuracy and strategic planning.
Proactive Approach: Predictive Analytics enables businesses to adopt a proactive approach by anticipating future
events, enabling them to take preemptive actions.
Enhanced Customer Experience: Personalization and targeted recommendations based on predictive insights
lead to improved customer experiences and higher customer satisfaction.
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EXISTING APPLICATIONS OF AI IN MARKETING
AI is already having a significant impact on marketing, and its applications are only going to grow in the future.
H e r e a r e s o m e o f t h e k e y w a y s t h a t A I i s b e i n g u s e d i n m a r k e t i n g t o d a y, w i t h e x a m p l e s f r o m t h e t e x t r e f e r e n c e :
• Personalized advertising and content curation: ai can be used to analyze customer data and preferences to
create personalized advertising campaigns and content recommendations. For example, Hilton uses AI to send
t a rg e t e d e m a i l c a m p a i g n s t o g u e s t s b a s e d o n t h e i r p a s t b o o k i n g h i s t o r y a n d p r e f e r e n c e s .
• P ro d u c t re c o m m e n d a t i o n s : a i c a n b e u s e d t o r e c o m m e n d p r o d u c t s t o c u s t o m e r s b a s e d o n t h e i r p a s t p u r c h a s e
h i s t o r y, b r o w s i n g b e h a v i o r, a n d o t h e r f a c t o r s . F o r e x a m p l e , a m a z o n u s e s A I t o r e c o m m e n d p r o d u c t s t o
c u s t o m e r s b a s e d o n t h e i r p u r c h a s e a n d s e a r c h h i s t o r y.
• M a r k e t re s e a rc h a n d a n a l y s i s : a i c a n b e u s e d t o c o l l e c t a n d a n a l y z e l a rg e a m o u n t s o f d a t a f r o m a v a r i e t y o f
sources to identify trends and patterns in the market. For example, Under Armour uses AI to analyze data
from its record app to identify trends in fitness and nutrition.
• Automated marketing campaigns: ai can be used to automate many tasks involved in marketing campaigns,
such as email marketing, social media marketing, and paid advertising. For example, Hilton uses AI to
automate its email marketing campaigns, which saves time and allows the company to send more personalized
messages to guests.
• Social media marketing: ai can be used to monitor social media and identify relevant conversations and
trends. For example, Facebook uses AI to monitor social media conversations and identify relevant trends,
which the company then uses to inform its advertising campaigns.
BENEFITS OF USING AI IN MARKETING
AI has the potential to revolutionize marketing in many ways. Here are some of the potential
applications of AI in marketing:
• ADAPTIVE MARKETING: AI can be used to monitor changes in the market and adjust
marketing campaigns accordingly. This can help businesses to stay ahead of the competition
and meet the needs of their customers. 7
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SUMMARY
PRESENTATION TITLE