Marketing by Using AI Project
Marketing by Using AI Project
BY
Debasish Mohanty
ROLL NO: 2104000632077011
At the
DRIEMS School of Professional Studies
DRIEMS UNIVERSITY
Cuttack
April 15, 2024
DECLARATION
I hereby declare that the research work presented dissertation report entitled
“MARKETING BY USING AI” is original and was carried out by me under the
PROFESSIONAL STUDIES, Tangi, Cuttack. The work is original and has not been
i
ACKNOWLEDGEMENT
Debasish Mohanty
BBA, 3rd YEAR
ii
ABSTRACT
A rtificial Intelligence (AI) has vast potential in marketing. It aids
in proliferating information and data sources, improving
software's data management capabilities, and designing intricate and
advanced algorithms. AI is changing the way brands and users interact
with one another. The application of this technology is highly
dependent on the nature of the website and the type of business.
Marketers can now focus more on the customer and meet their needs in
real-time.
By using AI, they can quickly determine what content to target
customers and which channel to employ at what moment, thanks to the
data collected and generated by its algorithms. Users feel at ease and
are more inclined to buy what is offered when AI is used to personalise
their experiences. AI tools can also be used to analyse the performance
of a competitor's campaigns and reveal their customers' expectations.
Machine Learning (ML) is a subset of AI that allows computers to
analyse and interpret data without being explicitly programmed.
Furthermore, ML assists humans in solving problems efficiently. The
algorithm learns and improves performance and accuracy as more data
is fed into the algorithm.
For this research, relevant articles on AI in marketing are
identified from Scopus, Google scholar, researchGate and other
platforms. Then these articles were read, and the theme of the paper
was developed. This paper attempts to review the role of AI in
marketing. The specific applications of AI in various marketing
segments and their transformations for marketing sectors are examined.
Finally, critical applications of AI for marketing are recognised and
analysed.
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Table of CONTENTS
DECLARATION [i]
ACKNOWLEDGEMENT [ii]
ABSTRACT [iii]
CONTENT [iv]
❖ Chapter - 1
INTRODUCTION
1. Introduction To Artificial Intelligence in Marketing [1]
❖ Chapter - 2
Why AI is Important? [9]
2.1. Overview of Artificial Intelligence (AI) in Marketing [12]
2.2. Various AI-based transformations for Marketing Sectors [21]
❖ Chapter - 3
Application of AI in Marketing [27]
3.1. Personalization [29]
3.2. Predictive analytics [30]
3.3. Chatbots [31]
❖ Chapter - 4
Benefits of Using Artificial Intelligence in Marketing
4.1. Improved Efficiency and Productivity [33]
4.2. Better Customer Experience [34]
4.3. Increased Revenue and Profitability [35]
❖ Chapter - 5
Challenges in Implementing Artificial Intelligence in Marketing
5.1. Lack of Skilled Personnel [41]
5.2. High Cost of Implementation [42]
5.3. Data Security & Privacy Concerns [43]
5.4. Best Practices for Implementing Artificial Intelligence in Marketing [44]
5.5. Start small and Scale Up gradually [45]
5.6. Invest in Training and Development [46]
5.7. Collaborate with Experts and Industry Leaders [48]
❖ Chapter - 6
Review of Literature
6. Earlier Studies [49-54]
❖ Chapter - 7
DISCUSSION
7. Discussion [55-60]
❖ Chapter - 8
CONCLUSION
8. Conclusion [61-62]
❖ Chapter - 9
FUTURE SCOPE
9. Future Scope [63-68]
❖ Chapter - 10
REFERENCES
10. References [69-70]
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Chapter 1
INTRODUCTION
➢ Introduction to Artificial Intelligence
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➢ Definition:
Artificial Intelligence in marketing is the use of technology,
particularly AI, to automate and optimise marketing processes.
It involves the use of algorithms, machine learning, and other
technologies to analyse data and make decisions about
marketing campaigns.
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Chapter 2
Why AI is Important?
important?
Artificial Intelligence in marketing is essential because it
allows businesses to make data-driven decisions. By using AI
to analyse large amounts of data, businesses can gain insights
into customer behaviour, preferences, and needs. Artificial
intelligence (AI) in marketing is important as it can provide
businesses with insights and efficiencies that would be
impossible to achieve through manual processes. AI tools can
help marketers identify patterns in data to better understand
their customers, and their needs, and predict future behaviours.
This technology also enables personalized content creation,
marketing messages and recommendations based on individual
preferences and behaviour from disparate sources such as
social media, browsing history, and interactions with the
company's website or past purchases.
Moreover, AI can help automate routine tasks like
scheduling social media posts which frees up more time for
creative brainstorming instead of spending time on mundane
work. The use of AI technology will transform marketing
departments into strategic partners who are empowered to
make insight-driven decisions using real-time data ensuring
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Automation
Minimizing errors
Cost saving
Improved ROI
Increased personalization
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Chapter 3
Application of AI in
Marketing
➢Personalization
➢Predictive Analytics
➢Chatbot
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3. Application of AI in Marketing
AI is employed in marketing campaigns across various
industries, including finance, government, healthcare,
entertainment, retail, and more. Each use case yields different
outcomes, such as improved campaign performance, enhanced
customer experience, or increased marketing operations
efficiency. Through programmatic advertising, marketers are
using AI to address various challenges. Programmatic
platforms use ML to bid on real-time ad space relevant to target
audiences. AI may also aid in the reduction of mistakes in
marketing procedures.
So long as supervision and instruction exist, AI can
execute specialised activities more efficiently than humans. AI
is considerably more likely to result in a higher return on
investment since it can substantially speed up the process of
marketing campaigns, cut expenses, and improve efficiency.
This technology can perform tactical data analysis faster
than humans and use ML to arrive at quick decisions based on
campaign and customer context. It frees up time for team
members to focus on strategic projects, which can subsequently
be used to guide AI-powered marketing. Marketers can use
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3.1. Personalization:
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3.3. Chatbots:
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Chapter 4
Benefits of Using Artificial
Intelligence in Marketing
➢ Improved Efficiency and Productivity
➢ Better Customer Experience
➢ Increased Revenue & Profitability
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They help you cut through the noise and gain a deep
understanding of the customer’s mind through social media
sentiment analysis. This allows you to anticipate your
customers’ next move and take strategic actions for intended
results.
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• Content generation
AI prompts can help you develop email subject lines that get
better open rates, develop personalized content adapted to
buyer personas, drive conversations based on intent and engage
with each prospect/client individually. This leads to stronger
connections and loyalty that stimulate your sales.
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• Automation
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• Reputation management
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• Competitive intelligence
• Multilingual advantage
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Chapter 5
Challenges in Implementing
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Chapter 6
REVIEW of
LITERATURE
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EARLIER STUDIES:
➢ Michael Haenlein, Matthew J. Schneider, Abhijit Guha
(2021) have evaluated the effect of AI adoption in retail
industry. Researchers suggested adopting AI for retail
managers for the purpose of value creation, ethical
perspective, effective retailing etc.
➢ Melanie Florence Boninsegni (2021) Modern fourth unrest
new mechanical headways and its advantages and
disadvantages on buyer’s prosperity were focused in the
examination study. Analyst found that new innovations like
man-made intelligence, Mechanical technology, block chains
and so on giving high level methodologies towards their
everyday choices in the field of medical care, training,
monetary angles and so forth. Creator saw that these
advancements are troublesome innovations and they are
changing the real factors of shoppers and specialist
organizations.
➢ Dan Dumitriu, Mirona (2020) has made a four stage sequential
model. It helps to find deceivability of the site through
different key words. These means were comprised with make
pertinent subjects and topics for making site more accessible,
use of online techniques for looking through the key words,
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Chapter 7
DISCUSSION
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DISCUSSION
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Chapter 8
CONCLUSION
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CONCLUSION
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Chapter 9
FUTURE SCOPE
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FUTURE SCOPE
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Chapter 10
REFERENCES
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REFERENCES
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intelligence in marketing: systematic review and future
research direction, Int. J. Inf. Manag. Data Insights 1 (1)
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[2] S. Dimitrieska, A. Stankovska, T. Efremova, Artificial
intelligence and marketing, Entrepreneurship 6 (2) (2018) 298–
304.
[3] U. Arsenijevic, M. Jovic, Artificial intelligence marketing:
chatbots, in: 2019 International Conference on Artificial
Intelligence: Applications and Innovations (IC-AIAI), IEEE,
2019, pp. 19–193.
[4] X. Yang, H. Li, L. Ni, T. Li, Application of artificial
intelligence in precision marketing, J. Organ. End User
Comput. 33 (4) (2021) 209–219.
[5] P. Jain, K. Aggarwal, Transforming marketing with
artificial intelligence, Int. Res. J. Eng. Technol. 7 (7) (2020)
3964–3976.
[6] M. Javaid, A. Haleem, Critical components of Industry 5.0
towards a successful adoption in the field of manufacturing, J.
Ind. Integrat. Manag. 5 (3) (2020) 327–348.
[7] E. Hermann, Leveraging Artificial Intelligence in
Marketing for Social Good—An Ethical Perspective, in:
Journal of Business Ethics, 2021, pp. 1–19.
[8] K. Siau, Y. Yang, Impact of artificial intelligence, robotics,
and machine learning on sales and marketing, Twelve Annual
Midwest Association for Information Systems Conference
(MWAIS 2017) 48 (2017, May) 18–19.
[9] E. Forrest, B. Hoanca, Artificial Intelligence: Marketing’s
Game Changer, in: Trends and Innovations in Marketing
Information Systems, 2015, pp. 45–64.
[10] D. Dumitriu, M.A.M. Popescu, Artificial intelligence
solutions for digital marketing, Procedia Manuf. 46 (2020)
630–636.
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