• About
  • Archive
  • Contact
  • basefarm.com
Basefarm Blog
  • Big Data blog
  • Cloud blog
  • Security blog
  • DevOps blog
  • Menu

Increase ROI on marketing efforts through machine learning and AI

Machine learning and Artificial intelligence (AI) helps marketers to better understand customers and improve customer experiences. Machine learning and AI can be used in marketing i.e. for customer predictive analysis and to design customer journeys more individually and targeted, that to increase ROI on each individual customer contact (to target market initiatives better for individual customers.)

Big data analysis

Machine Learning and AI-based marketing starts out with checking the availability of what kind of data the company has. With that starting point you need to get experience with using advanced analysis techniques where you will reveal insights in customer patterns and preferences from big data oceans (Data Lakes)

Read more about Data Lakes

Combining various internal, partner and external sources by APIs is key, always with privacy and compliance with regulations such as GDPR on your mind.

“Overall, the use of machine learning and AI in marketing is a matter of staying competitive including using your marketing budgets effectively and wisely,” Baumann says. “Humans make decisions and take actions based on knowledge through learning. So does machine learning and AI. In a perfect world, machine learning should enable humans to make better decisions and take actions.”

Maximize ROI

In terms of marketing, these actions can be to gain greater customer insights and find new and smart ways of grouping them for the next step to optimize their customer journey and make the customer more happy and profitable. Last but not least, happy customers are loyal customers and talk positively about you.

By analyzing customer journey insight, you can optimize your omni channel efforts and maximize your ROI without wasting budgets on efforts with no effects or losing customers through annoying campaigns. Also, you should be able to predict and address customers’ future needs and behavior.

“Marketing will be able to have the necessary proof of ROI and are much more prepared to justify their marketing spending towards the CFO and the management” says Baumann.

Machine learning/AI digital ecosystem

“There are many tempting solutions on the market,” Baumann says. “But we strongly suggest you first see what and how you want to incorporate machine learning and AI in your future marketing incentives, build then your own machine learning and AI digital ecosystem with a holistic view to achieve applications to work perfectly together. This will most likely enable you to get even more out of your data and machine learning/AI investments in a long-term perspective.”

Fortunately, you do not have to start from scratch with programming. Although machine learning/AI use is in an early phase, there are many applications available on the market. Users of mission-critical public cloud services (AWS, Azure, Google Cloud) already have access to such applications that can be set up with the help of Basefarm data science engineers.

Big data consulting

Find undiscovered secrets in your data and on the web: intelligent algorithms provide you with unique knowledge about your customers and your business.

Read more

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on Google+
  • Share on Pinterest
  • Share on Linkedin
  • Share by Mail

Recent Posts

  • Cybersecurity Updates For Week 17 of 2022
  • Cybersecurity Updates For Week 16 of 2022
  • Cybersecurity Updates For Week 15 of 2022
  • Cybersecurity Updates For Week 14 of 2022
  • Cybersecurity Updates For Week 13 of 2022
Subscribe via RSS

Recent Comments

  • kuncham on Oracle fixes vulnerabilities
  • Oracle Appications on Oracle Patch Update April 2013
  • Anudeep on How to install Logstash on Windows Server 2012 with Kibana in IIS.
  • Kumar on How to install Logstash on Windows Server 2012 with Kibana in IIS.
  • Øyvind Dyrnes on December 2 – Regularly download security updates and “patches”

Archive

  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
© Copyright - Basefarm Security Blog
  • Facebook
  • Twitter
  • Instagram
  • Mail
7 success factors to boost digitalization with multisourcing. Data Analytics platform is the new black
Scroll to top