Predictive analysis - Predict market trends or customer behavior using historical data to help more accurate and effective planning.
The Cons
Lack of accuracy - Errors in your data can lead to inaccuracies in analysis and costly business decisions.
Requires skills - AI tools are more accessible to marketers but th db center uk ey still require knowledge and skills to use them effectively. This makes upskilling and hands-on experience with AI tools important.
Bias - AI is only as effective as the data it uses so you need to be aware of the possibility of gender, racial, cultural, or socioeconomic biases.
Data sensitivity and security - AI systems can use extensive datasets which may include sensitive information that needs to be managed securely.
Ethics - Ethical concerns include consent, the manipulation of user data and behavior, and the ‘stalking factor’ in hyper-targeted ads.
Transparency - Questions about plagiarism, authorship, transparency, and intellectual protection will be more relevant as AI-generated content becomes more commonplace.
There is a wide r
ange of tools, techniques, and methods in AI that enable machines to perform tasks that traditionally require human intelligence. Here are some of the most commonly-used AI technology types and some great examples of AI in marketing.
1) Machine Learning
Machine learning (ML) is a process where machines can figure out how to problem-solve on their own by drawing on previous data sets and making predictions on decisions based on data. This means they “learn” on their own.
What are the Different Types of AI?
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