AI in Marketing: Understanding the Hype

AI in Marketing: Understanding the Hype

2024 SNAPSHOT: Considering AI in marketing, marketers must be open to innovation yet take a practical and speculative approach to adopting the technology to see what really makes a difference and what doesn’t.

Has AI been given more credit or hype than it deserves? Possibly. Discourse across the internet and marketing boardrooms presents a consistent sentiment: AI is a powerful tool, not a magic wand.

“Avoid the “hammer-everything” approach (Maslow’s Hammer). Just because you have a new tool (AI) doesn’t mean it’s the right solution for every problem,” says Arvind Dutta, Principal Product Manager, Teams at Microsoft.

AI in marketing has augmented functions to a great extent, with use cases like identification of customer patterns, automation of repetitive tasks, personalisation based on real-time predictive analytics, and more. But it works best when combined with human oversight.

Human-meta skills, defined as the combination of higher-order abilities such as empathy, creativity, emotional intelligence, and critical thinking, are essential for delivering optimised results in partnership with AI.

“These are the skills that turn everyday customer interactions into meaningful connections. Think of them as the human heart that pumps life into an otherwise robotic machine. Without these skills, AI alone is like a powerful engine with no steering wheel, moving but directionless, full of potential but lacking the wisdom of human guidance,” says Fraser Hay, founder of ItStacksUp.

AI won’t transform the results of a mediocre campaign, but it can change the grassroots level of creating a campaign and optimise the end results.  As businesses continue to explore the possibilities of AI, they must remain focused on using these tools to enrich—not replace—the personal interactions that are at the heart of intelligent customer experiences.

CXM Today flips through the 2024 library, which contains works by industry experts and in-house writers, to present the trends and attitudes of the industry’s current state. The following four stories discuss AI in marketing.

Is GenAI Worth the Hype for CX Leaders?

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While the potential of genAI is vast, CX success depends on thoughtful implementation and a balanced approach that prioritises both technology and the human touch. As businesses continue to explore the possibilities of AI, they must remain focused on using these tools to enrich—not replace—the personal interactions that are at the heart of intelligent customer experiences.

The Fusion of Meta Skills and AI Will Fuel CX Growth

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Meta-skills are higher-order abilities such as empathy, creativity, emotional intelligence, and critical thinking that turn everyday customer interactions into meaningful connections. On the other hand, AI, the ultimate powerhouse of precision, doesn’t tire or forget; it processes vast amounts of data faster than any human ever could. The future of CX lies at the intersection of human meta-skills and AI technologies.

Transforming CX Matrix with Conversational AI: Key Innovations and Impact in 2024

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With ever-evolving consumer needs for engaging experiences in real-time, lucrative opportunities exist for innovations around AI-powered chatbots. From introducing Sprinklr’s Digital Twin to Salesforce Copilot for CRM chatbots, innovations around conversational AI in 2024 have already disrupted global industries across verticals.

Resist the Temptation to Implement AI for the Sake of It

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Companies seem to be in an arms race to deploy AI features, but unfortunately, many of these rushed products fail or have to be rolled back. When you think of implementing genAI, ask yourself: What user problem are we solving and why is AI the best solution compared to a non-AI solution? It is best to use AI where it can improve efficiency for existing tasks, and leave nuanced creative projects for humans.