Harnessing artificial intelligence to develop strategic marketing goals

Harnessing artificial intelligence to develop strategic marketing goals

May 2024 | Kikelomo Fadilat Anjorin, Mustafa Ayobami Raji, Hameedat Bukola Olodo, & Oluwaseun Peter Oyeyemi
This concept paper explores the integration of Artificial Intelligence (AI) in developing strategic marketing goals, aiming to provide a comprehensive framework for leveraging AI effectively. The paper begins by outlining the current state of AI in marketing, highlighting its transformative potential in areas such as customer segmentation, personalized targeting, predictive analytics, and automation. It emphasizes the necessity for businesses to embrace AI-driven approaches to stay competitive in a data-driven marketplace. The paper delves into the strategic implications of AI adoption in marketing, stressing the need for alignment between AI initiatives and overarching business objectives. It discusses the role of AI in enhancing customer experience, optimizing resource allocation, and driving revenue growth. Key considerations and challenges associated with integrating AI into marketing strategies, including data privacy concerns, ethical implications, and organizational readiness, are also addressed. Through industry best practices and case studies, the paper elucidates practical methodologies for leveraging AI in setting strategic marketing goals. It emphasizes the importance of data-driven decision-making, iterative experimentation, and agile adaptation to capitalize on AI's potential for driving innovation and competitive advantage. The paper concludes by advocating for a proactive stance towards embracing AI in marketing strategy formulation, highlighting that by strategically harnessing AI's capabilities, organizations can enhance their marketing effectiveness and cultivate long-term sustainable growth in today's dynamic business environment.This concept paper explores the integration of Artificial Intelligence (AI) in developing strategic marketing goals, aiming to provide a comprehensive framework for leveraging AI effectively. The paper begins by outlining the current state of AI in marketing, highlighting its transformative potential in areas such as customer segmentation, personalized targeting, predictive analytics, and automation. It emphasizes the necessity for businesses to embrace AI-driven approaches to stay competitive in a data-driven marketplace. The paper delves into the strategic implications of AI adoption in marketing, stressing the need for alignment between AI initiatives and overarching business objectives. It discusses the role of AI in enhancing customer experience, optimizing resource allocation, and driving revenue growth. Key considerations and challenges associated with integrating AI into marketing strategies, including data privacy concerns, ethical implications, and organizational readiness, are also addressed. Through industry best practices and case studies, the paper elucidates practical methodologies for leveraging AI in setting strategic marketing goals. It emphasizes the importance of data-driven decision-making, iterative experimentation, and agile adaptation to capitalize on AI's potential for driving innovation and competitive advantage. The paper concludes by advocating for a proactive stance towards embracing AI in marketing strategy formulation, highlighting that by strategically harnessing AI's capabilities, organizations can enhance their marketing effectiveness and cultivate long-term sustainable growth in today's dynamic business environment.
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[slides and audio] Harnessing artificial intelligence to develop strategic marketing goals