AI made massive leaps in capability and accessibility in 2023. ChatGPT ushered in a new era of AI with astounding human-like conversation skills. We saw the power of generative AI firsthand by creating everything from music to artwork with stunning ease.
So how will AI transform marketing in 2024? Here are 7 predictions:
- Transparent AI Practices Become Standard
Trust in AI remains low, but Inuvo is urging for transparent AI practices. Clearly stating when, where, and how AI is leveraged in marketing builds consumer confidence. This responsible development also adheres to emerging AI disclosure rules. The marketing industry as a whole will shift towards open and accountable AI integration. - Large Language Models that Learn
While 2023 focused on expanding the capacity of Large Language Models (LLMs) to understand text, 2023 will see more advanced Large Language Learning Models that actually continue learning from new data. LLLMs like Inuvo’s IntentKey can adapt beyond initial training, powering the next evolution of AI-powered marketing.
- Fully Automated Mid-Funnel Marketing
AI-powered media buying, performance spend analysis, and media mix modeling will enable fully automated mid-to-bottom funnel marketing. Targeting, bidding, and messaging will dynamically optimize in real-time based on campaign performance. - AI and Humans Team Up for Brainstorming
While people will still strategize high-level branding, ideation, and conceptualization of specific campaigns will become a collaborative effort between human marketers and AI tools over the next year. AI handles pushing creative boundaries and perfecting details, leaving people to focus on big picture vision. - Campaigns Will Be Algorithm-First, Understanding Second
In a reversal of traditional marketing wisdom, successful 2024 campaigns will begin from an algorithmic starting point optimized for conversions or engagement. Once a winning AI formula is found, human insight will be layered in to understand broader significance or appeal. - Privacy Regulations Increase Reliance on AI
New privacy laws make transparent measurement and attribution more difficult, especially as third-party cookies decline. To reliably hit ROI benchmarks, marketers will adopt AI-powered optimization tools for statistically robust performance within compliance bounds. - The Role of People in AI Marketing
While parts of marketing will become fully automated through AI over the next couple years, human imagination, emotion, and morality remain indispensable. AI may beat us on personalization, complexity, and scale, but people still edge out machines when it comes to breakthrough creativity, nuanced relating, and ethical consideration.
The brands that successfully navigate 2024 will embrace AI’s advantages while maximizing uniquely human talents. They adopt cutting-edge machine learning while empowering human marketers to guide its direction through vision and values. This collaborative interplay of artificial and human intelligence will drive marketing innovation in 2024.
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