What Does the Future of Artificial Intelligence Mean for Branding?
Artificial Intelligence is defined as,
The intelligence exhibited by machines. In computer science, an ideal ‘intelligent’ machine is a flexible rational agent that perceives its environment and takes actions that maximize its chance of success at an arbitrary goal – Merriam-Webster
While the term may be not be new to you, but what you may not know is that a great deal of our day-to-day involves A.I. Typically, when we we think of artificial intelligence thoughts of cyborgs, the singularity, and maybe even James Cameron’s Terminator franchise. However, these ideas of A.I. existing as humanoid robots are stylized/dramatized for theatrical purposes.
To elaborate, A.I. is split into two broad types:
That being said, what you may identify as artificial intelligence in reality is actually small enough to fit in your back pocket. ‘Smartphones’ have all the computing and processing power of larger desktop devices. Apple’s Siri and Microsoft’s Cortana are virtual assistants and probably the most prominent examples of artificial intelligence in the palm of your hand.
These virtual assistants are integrated for operation across all of your hardware, utilizing algorithms to track web pages you visit, new vocabulary, upload files to cloud storage, etc. Each of these are heavily data-driven processes, but how does this relevant to marketing your brand?
Well, while we’ve looked at how we utilize smartphone technology from a consumers perspective, what’s to be done with all that data?
Whenever we access our favorite websites (entertainment, e-commerce, news, etc.), social media apps, and games, the data is being stored. While data storage and security is mostly for the benefit of the consumer, this data is being accessed by organization with more regularity to assist in their marketing campaigns. “Marketers are spending increasingly more on social listening tools, e-commerce data, and more to build smarter communication mechanisms, but often lack the technology to most efficiently use it.” – Jeff Beer, FastCo Create
For example,
During the workday, you use your smartphone to search for a good Pilates studio near your job – – in an effort to avoid the company from becoming aware of how you really spend your time. When you arrive home from work, you decide to decompress and spend some time on Facebook. However, you notice something different with all the ads for Pilates studios now featured on your news feed.
This is a very basic example, however, the next example highlighted by Maeve Hosea of Marketing Week provides a more developed use of A.I. by large brands.
Brands have only recently started adopting artificial intelligence for core consumer services. Google’s voice recognition technology now claims 98% accuracy and Facebook’s DeepFace is said to recognise faces with a 97% success rate.
It doesn’t stop there, though.
IBM’s Watson Ecosystem Project to turn segmented consumer data sets for major brands like TDAmeritrade, Adidas, Red Bull, and Under Armour.
Take heed to the advice given by Jason Jercinovic, Havas Global Head of Marketing Innovation.
hasing the rainbow to individual advertising is an ongoing challenge, one that is based on the trend that traditional audience segmentation is dead. The demographics that put people in a nice little bucket is gone. You need to treat people differently. We’re all chasing this goal of one-to-one segmentation on an individual level, we’re not there yet, but getting closer.
This is an especially exciting time for our team at TalenAlexander. As we learn more about the potential reach of artificial intelligence, we look forward tohow we can implement data driven marketing strategies to support our clients branding efforts.
Here are four guidelines via Adweek to help marketers take steps to include artificial intelligence in their targeting efforts.