One of the hottest trends and biggest disrupters in digital marketing today is artificial intelligence. AI technologies are quickly advancing; we’re seeing AI change the way marketers asses, solve and implement solutions to improve how we engage and learn from consumers.
For the latest #SMTlive Twitter chat, we discussed the current state of AI, what we can expect to see in the next few years, and the positive and negative impacts these emerging technologies have on the digital marketing world. We were lucky to have Chad Pollitt, a Social Media Today influencer and leader in the field, help us lead this discussion.
For everyone’s convenience, I went back and pulled key points from the chat in a short recap below. Thanks to all who participated and shared their thoughts with everyone.
Questions asked during the chat:
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How are marketers benefiting from AI today?
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What barriers still exist with AI? What can humans do that AI solutions can’t?
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What can we expect and look forward to AI technologies advance?
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More specifically how can AI help improve the social media marketing world?
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Are there any risks involved with using AI in your marketing strategy?
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Is anyone here using a form of AI in your marketing strategy? If so, what do you like and what do you struggle with?
How are marketers benefiting from AI today?
Although new to the marketing world, AI has already added great value.
A1: #SMTLive — Most of the benefits today are from predictive AI (as opposed to prescriptive). However, prescriptive (telling the marketer what to do next) is here and is only going to get bigger.
— Chad Pollitt (@ChadPollitt) May 8, 2018
A1: #SMTLive — AI, currently, is having major impacts on paid media. In particular, native advertising. AI-driven analytics like @demandjump are mapping the internet three degrees away from our websites. This opens up 80% more data
— Chad Pollitt (@ChadPollitt) May 8, 2018
There are a variety of benefits, but one major plus for marketers has been the growth in capabilities of our data analytics. Currently, we are seeing more predictive analytics (the use of stats and forecasting to predict the future) from AI rather than prescriptive AI. This will change as technology advances. Right now, AI answers “What could happen?”, but going forward, we will see AI start to answer the question “What should happen?”.
What else can AI help with:
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Freeing up time
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Finding the right consumers
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Engaging with consumers
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Dynamic pricing and content
A1: Infusing AI into marketing helps free up more time and allocate that time elsewhere. This is a great Forbes post about the benefits of AI’s impact in marketing. #SMTLive https://t.co/XVKxl3srf6
— MyCorporation (@MyCorporation) May 8, 2018
What barriers still exist with AI? What can humans do that AI solutions can’t?
Although powerful tools, there’s only so much that current AI technologies can do for us. What is that line? What do we want out of AI that it has yet to deliver? What functions do we serve that AI can’t? AI has its fair share of challenges.
Some wonder if AI actually provides any value at all.
A2: #SMTLive — Some barriers for AI are whether or not it actually provides value. Some solutions that monitor images and/or sentiment don’t necessarily provide massive value, versus prescriptive attribution powered by #AI
— Chad Pollitt (@ChadPollitt) May 8, 2018
And, even some of the more trusted tools face challenges when politics gets involved. AI has taken huge strides towards perfecting data analytics, but this is a tough climate for marketers and data use.
A2: it’s a tough environment right now with everyone questioning use of data… to rely solely on data for #marketing! #SMTLive https://t.co/Ip4F03Lzat
— Robin Selvy Re (@RobinSelvy) May 8, 2018
Other obvious barriers are those of human emotions. We have the ability to sympathize and see all the “human” factors that go into our decision making that no technology can compare. AI plays the role (and provides great value in) predicting trends and user behaviors, but once those predictions are made, it’s our role as marketers to understand what that means and put it into action.
We’re @EvergreenRep, dealing with marketing for places. #SMTlive A2: Humans can sympathise in a way no machine can ever be taught to do. They may be able to crunch numbers, but human to human interaction can’t be replaced by machines
— Evergreen Reputation (@EvergreenRep) May 8, 2018
What can we expect and look forward to as AI technologies advance?
The possibilities that AI can bring to digital marketing are nothing short from promising and intriguing. We already see AI taking mass data and compiling it into easy to read analytics for us to plan campaigns and engage with our audiences at the right times. But what is next for AI?
A3: #SMTLive — I have two answers for this one. We’re not quite there yet, but it’s coming -> If we can teach a computer to beat a chess grand master they day will come soon where programmatic paid media (PPC, Native, Display) will run itself with little oversight by a person.
— Chad Pollitt (@ChadPollitt) May 8, 2018
A3: #SMTLive — #AI is even being used to monitor #Influencers to make sure they’re in legal compliance with their content and posts. It’s acting as insurance for brands.
— Chad Pollitt (@ChadPollitt) May 8, 2018
It is possible that future AI solutions will understand what we think and how we’ll act even before we do. It will bring insights that the marketing world has never seen. We will be able to grasp a greater understanding at an even greater scale. But, as one of our participants pointed out, AI will not be perfect and we will still play a vital role in the use of these data solutions.
A3: In spite of all the predictions swirling around, I think it’s important to maintain an understanding that AI will not be absolutely perfect from day one. It will take time, training, and understanding to keep learning with data. #SMTLive
— MyCorporation (@MyCorporation) May 8, 2018
This is a great point, even though we have made so much progress, AI is still new and has a lot of growing to do. The age of AI has just started and there will be plenty of challenges to face going forward.
More specifically how can AI help improve the social media marketing world?
The beautiful thing about social media is engagement — the ability to engage with your users in a way that, before social media, seemed impossible. AI will only make that process better, by giving you better insights into your consumers, who your influencers are, and faster analytics so you can reach them faster and better.
AI will help us make quicker and more precise connections so we can get to the #marketing goods better! #SMTLive https://t.co/EpHx9DAIsU
— Robin Selvy Re (@RobinSelvy) May 8, 2018
A4: #SMTLive — #AI‘s impact regarding #SM will fall in three major categories: influencer marketing, paid media, organic. From an organic prospective it will help us better gain insights into not just a SM network, but its relationship to content and influencers.
— Chad Pollitt (@ChadPollitt) May 8, 2018
A4: Immediate information, maximises results and efficiency in optimising knowledge and getting it to the end user #SMTlive @ChadPollitt https://t.co/gXV5ovaCvA
— Evergreen Reputation (@EvergreenRep) May 8, 2018
Are there any risks involved with using AI in your marketing strategy?
Of course, AI brings its share of concerns, specifically with becoming too reliant on it. Losing that authentic touch, taking jobs, and costing too much for everyone to adopt. Those seem to be the major risks and fears we hear everyone talking about.
A5. AI #marketing Risks: data privacy, rogue robots, and inauthentic content #SMTLive https://t.co/TwuJGDrjqo
— Robin Selvy Re (@RobinSelvy) May 8, 2018
A5. I think cost is always going to be a big factor. Is the return for a small business worth the investment? #SMTlive https://t.co/5qA07FYWFP
— Queen Bee Social (@QueenBeeSociaI) May 8, 2018
A5: #SMTLive The biggest threat in the near-term is the loss of some very specialized jobs. For example, if you’re lucky enough to employ a data scientist specifically for analytics, they might not be needed with a solid prescriptive analytics/attribution technology.
— Chad Pollitt (@ChadPollitt) May 8, 2018
And maybe, if you believe Elon Musk, you may fear something much greater. “With artificial intelligence, we are summoning the demon. In all those stories where there’s the guy with the pentagram and the holy water, it’s like – yeah, he’s sure he can control the demon. Doesn’t work out.”
A5: #SMTLive — If you believe Elon Musk. . . he says, “Elon Musk: artificial intelligence is our biggest existential threat,” but I digress. ????
— Chad Pollitt (@ChadPollitt) May 8, 2018
Regardless, AI is here to stay. It’s time to embrace these advances as marketers.
AI is here to stay, case and point: a marketer from @IBMforMarketing just shared how Watson and SPSS are revolutionizing social listening and analyzing at #SSU2018 #SMTLive
— Robin Selvy Re (@RobinSelvy) May 8, 2018
Is anyone here using a form of AI in your marketing strategy? If so, what do you like and what do you struggle with?
The answer here is yes. Many of us are already using these tools to improve day to day job functions, optimize ads, help us track performance, and more.
A5: #SMTLive — Many people are using tools with AI currently and don’t know it. The key is whether or not it provides value. pic.twitter.com/icCCmEVT1a
— Chad Pollitt (@ChadPollitt) May 8, 2018
A5: #SMTLive Here’s how our current analytics sees the Internet: pic.twitter.com/c6CTNPINp1
— Chad Pollitt (@ChadPollitt) May 8, 2018
Though we are only seeing data from the second-degree, with AI advancements we could see a jump to the third-degree and more.
A5: #SMTLive Here’s how AI-powered analytics sees the Internet pic.twitter.com/aQkhnOXOid
— Chad Pollitt (@ChadPollitt) May 8, 2018
Thanks to everyone who participated in this chat. If you are looking for more on AI, make sure to check out Chads new ebook and our ‘AI in Marketing’ articles.
We have Twitter chats on a variety of digital marketing topics twice a month. Check out our #SMTLive schedule here.
Next chat: Face Your Fears of Live Video