B2E Data Blog

Marketing’s Balancing Act with AI

May 20, 2024 8:09:49 AM / by Keith Snow

From hyper-personalized email campaigns to dynamic ad targeting, AI is transforming how brands connect with consumers—practically as we speak. However, the powerful potential of AI comes with a responsibility to consider the entire picture. Marketers must also consider the ethical implications of using such sophisticated technology.

How AI is Changing Marketing Today

AI is accelerating a new era of marketing on several fronts. 

Hyper-personalization and data-driven decision making. AI is capable of rapidly synthesizing vast amounts of customer information, from past purchases, browsing behavior, and social media interactions to drive highly tailored campaigns that can even anticipate what they will want in the future. It is this sort of laser focus that can make customers feel understood, valued, and more brand-loyal. This gives marketers the ability to drive stronger engagement and conversions with every effort. 

New generative-AI created content. Today, much of the AI conversation is driven by the newer branch of generative AI that has the power to create entirely new content like text, images, or even videos. Marketers can use it to generate multiple versions of ad copy, each tailored to a specific audience segment. It can help personalize subject lines, copy, and product recommendations that give customers highly individualized experiences that actually feel more genuine.

AI-powered analytics. AI's influence also extends beyond the customer-facing aspects of marketing. AI-powered analytics can bring deeper insights into marketing performance metrics, analyzing data from various marketing channels, identifying what's working and what's not, and even predicting future outcomes. Marketers have never been in a better position to optimize in near real-time and continually improve their marketing efforts.

Potential Pitfalls and Ethical Considerations

The possibilities of AI are immense and exciting, but its potential must be balanced against the pitfalls and ethical considerations. There are key concerns that anyone using AI must be conscious of. 

The potential for bias and discrimination. It’s possible for AI algorithms to perpetuate existing biases present in the data they are trained on. This can lead to marketing practices that instead of making customers feel valued and understood, make certain demographics feel alienated.  

Conceptual image of micro circuit. Security concept

Data privacy concerns.: AI relies heavily on customer data. Marketers must ensure transparency on data collection and usage, respecting user privacy and obtaining informed consent. Not only should your business implement stringent data security practices, but any partner organization you work with should too. 

Transparency and explainability. AI models can be complex "black boxes" and it’s not always possible to understand how it arrives at its conclusions. It’s possible for AI-generated recommendations to have unintended consequences. This is why despite its powerful capabilities, AI cannot replace human judgment.  

How Marketers Can Think Ethically About AI

It’s possible to harness the potential of AI while navigating the ethical landscape by remaining mindful of several important guidelines.

Focus on Transparency: Be transparent with consumers by clearly communicating how their data is collected, stored, and utilized.  This fosters trust and empowers consumers to make informed choices about their data privacy.

Prioritize Fairness and Inclusion: Actively audit AI models for bias and take steps to mitigate any discriminatory tendencies. This might involve using diverse training data sets and establishing clear guidelines to ensure fair and unbiased AI-powered marketing decisions.

Respect User Privacy: Implement robust data security measures and favor permission-based approaches to collecting and utilizing customer data. Additionally, vet any vendor or service provider with access to your customer data to ensure they too are following best practices for data security and use. 

Maintain Human Oversight: Never rely solely on AI. Marketers should maintain oversight and ethical responsibility for AI-powered marketing decisions, reviewing and analyzing AI-generated recommendations before implementing them. 

The Future of AI in Marketing

AI is here to stay in the marketing world. AI can be a valuable asset in analyzing data, predicting trends, and personalizing campaigns, but the ultimate responsibility for marketing strategies and ethical considerations rests with human marketers. B2E takes the responsibility of working with our client’s data very seriously. We are SOC 2 compliant, which means our data practices have been rigorously evaluated by third-party auditors. Reach out learn more about why you can trust us with your data to create highly effective marketing campaigns.

 

Keith Snow

Written by Keith Snow

Download the Seven Steps to Data Driven Marketing Whitepaper

Subscribe to Email Updates

Recent Posts