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Artificial Intelligence in Digital Marketing allows predictive analytics, enhanced customer experiences, and targeting marketing, which would undoubtedly result in a higher return on investment for business.
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AI plays a significant role in digital marketing. AI holds tremendous potential in the field of digital marketing.
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Regarding increasing the customer experience using AI, the vital developments that stand out are chatbots, predictive and targeted content, content creation and image recognition technology. Each can improve customer service, support, and deliver more targeted and relevant content.
By Salesforce Research's latest State of Marketing Study, marketers' use of AI soared between 2018 and 2020, hopping from 29% in 2018 to 84% in 2020. 70% performing marketers claimed they have a fully defined AI strategy.
Almost all data will become digitized in the next 20 years making it possible to use AI for decision-making and optimization. AI and automation will substitute most blue-collar work and make products for minimal costs.
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AI may deliver an additional economic output of around $13trillion by 2030, increasing global GDP by about 1.2% annually approximately. This will primarily come from labor substitution by automation and augmented innovation in products and services.
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