
Targeted Marketing and Machine Learning
From movies to markets, artificial intelligence (AI) is a hot topic. In the retail and marketing sector, the staff at PYMNTS reports, “Thanks to an abundance of consumer data at their fingertips,
In this blog, we discuss cognitive computing and other technologies with a focus on supply chain management and innovation. Other topics of discussion include digital enterprise transformation, marketing, the Internet of Things, and smart cities. Our goal is to advance the public discussion about how cognitive computing and other advanced technologies affect the world in which we live.
Bradd C. Hayes is the active editor of this blog.
From movies to markets, artificial intelligence (AI) is a hot topic. In the retail and marketing sector, the staff at PYMNTS reports, “Thanks to an abundance of consumer data at their fingertips,
Common sense leads one to the conclusion that targeted marketing (i.e., providing ads based on consumers’ tastes, preferences, and buying habits) is best for both the consumer and the seller. Yet a
“It’s not a coincidence that artificial intelligence is rapidly colonizing marketing tools designed for business sales,” writes Barry Levine (@xBarryLevine). “It’s a necessity.”[1] That’s a message you hear more often regardless of
“It’s hard to imagine a world where advertising is perfectly targeted to know exactly how you feel and what you need or want,” writes John Scott, Co-Founder and Executive Vice-President at ShopLiftr.
Almost every week another retailer seems to announce it is either closing hundreds of brick-and-mortar stores and/or filing for bankruptcy. This retail meltdown is only recently gaining the attention it deserves. Michael
“Marketing has come a long way since the days of the one-size-fits-all radio jingle,” writes Samantha Christmann (@DiscountDivaSam). “Advertisers have more consumer data at their fingertips than ever before and they’re using
It seems counterintuitive to launch an advertising campaign that does not specifically promote a brand or product; but, that is exactly what content marketing is all about. Content marketing involves the creation
I have heard people state that we live in a world in which everyone wants instant gratification. Some marketers may believe that assumption to be true and, as a result, pander to
There is no perfect customer. Each consumer is unique is one way or another. That makes targeted marketing a challenge. Nevertheless, identifying the personas of customers who are likely to spend more
No one doubts we are fully immersed in the Age of Information. A few years ago, David Russell Schilling (@davidrschilling) reported, “Buckminster Fuller created the ‘Knowledge Doubling Curve’; he noticed that until
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