Artificial intelligence has changed the world we live in. The integration of AI into our daily lives has been a hot topic in recent years and has affected the way people communicate around the globe to the way that companies do business, especially in marketing. For professionals working in tech, the rise of chatbots and programmatic advertising has increased efficiency in the workplace, but it has also caused many to wonder if these increasingly intelligent machines will soon make human workers redundant.
But before tech professionals head into a tailspin about potential job loss and robots taking over the world, there are numerous reasons that embracing tools such as programmatic ad-buying will lead to positive developments in advertising. Today, tThere are various ways that those working in marketing and fin-tech can utilize AI in order to improve their jobs, rather than eradicating them altogether.
1. Improves efficiency
Programmatic advertising can do a lot of good for companies that are looking to improve their efficiency. Machines can now perform basic tasks with greater accuracy and knowledge thanks to big data. Much in the way that data mining has taught humans how to target consumers in more meaningful and personal ways that have increased revenue and consumer engagement, data has also enabled machines to improve their services in a similar way. While this is part of the reason that people fear they are so replaceable, but it’s also important to note that embracing tools like programmatic ad-buying can increase workplace efficiency, which can have noticeably positive results when it comes to increasing revenue and ROI.
Companies that are looking to save a bit of cash or spend their money more wisely can benefit from investing in programmatic advertising, as it can provide fast and accurate results. For those who are new to implementing AI into their plan, it may be wise to consult a financial analyst who can help you identify where you can be more efficient, and help you track additional progress to see if automated ad-buying is working for you.
2. Always hit your target
Big data has made it easier than ever for marketers and advertisers to reach their target markets. Working a broad range of knowledge concerning customer needs has proven to increase consumer engagement as well as revenue. Big data is what makes programmatic advertising so efficient, and much like we do, machines can now utilize data to identify markets, quickly and efficiently. Programmatic advertising removes the tedious process of analyzing a large amount of data, segmenting consumers based on different variables, such as age, gender, income, and other relevant information based on your businesses specific needs.
In addition to different groups, programmatic advertising also tracks consumer activities and integrated into the pool of information that can be used to identify what types of advertisements should be purchased. Programmatic advertising is effective in retargeting methods. Analyzing consumer’s purchasing and browsing histories, programed ad-buyers can then use this information to purchase the appropriate advertisements to promote similar products and encourage customers to return.
3. Makes more room for creativity
Sales teams can use programmatic advertising to their benefit, as smart technologies can take care of tedious tasks, such as research, compiling orders, leaving more room for advertising teams to focus on the creative process. Today’s consumers have a lot to choose from, so if you are going to stand out, you’ll need to show consumers why your worth getting to know. While the machines are taking care of the data analysis, your advertising team can focus on your company’s story. Advertisements that are original, and engaging generate long-term interest in a product, as creative content tends to be more memorable.
As programmatic advertising becomes more advanced, there is a good chance that buyers might be out of a job at some point but, hopefully, buyer and sales positions will have evolved by that point. By embracing artificial intelligence, human workers can take on new roles which will complement the integration of AI in the workplace. But, for now, rather than shying away from the growing machine learning trend, businesses can learn to use it to their advantage.