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How AI Can Help Marketers Stay Profitable During Economic Downturns

Mar 13, 2024 - forbes.com
The article discusses the importance of integrating AI into marketing strategies, especially in the current economic climate. AI can provide real-time insights, identify trends, and predict patterns, allowing marketers to respond quickly to changing consumer trends. However, many marketers are hesitant to adopt AI due to fears of job replacement, loss of control, and concerns about transparency. The author suggests that marketers should view AI as a teammate that enhances their existing skills and only performs tasks within set parameters.

To effectively integrate AI, the author recommends identifying areas that can be automated, setting clear marketing objectives, and assessing the team's willingness to adopt AI. Operational tasks should be prioritized for automation to free up time for strategic thinking. A skills audit should be conducted and training provided to enable the team to collaborate effectively with AI tools. The chosen AI systems should align with company operations, staff preferences, and be easily integrated with the current tech infrastructure.

Key takeaways:

  • AI can play a critical role in marketing by quickly gathering, analyzing, and interpreting data, providing actionable insights in real time, and empowering marketers to be more efficient while delivering high returns on ad spend.
  • Despite the benefits of AI, many marketers are hesitant to adopt it due to fears of job replacement, perceived lack of control, and concerns about transparency.
  • Getting started with AI involves understanding which areas can be automated, setting achievable marketing objectives, and assessing the staff’s willingness to adopt AI. It's important to prioritize automation for operational tasks to free up time for strategic thinking.
  • Companies need to ensure the AI systems they choose align with their operations, staff preferences, and current tech infrastructure, and are user-friendly and scalable for the future.
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