"Deep Dive into AI-Powered Marketing Analytics"

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Ayushi Srivastava, Deepika Ameta, Prathmesh Bhosale, Samrat Ray

Abstract

This research study investigates the revolutionary influence of Artificial Intelligence (AI) on marketing analytics, following the transition from old tactics to sophisticated, data-driven strategies. We look at how AI integration has altered marketing by offering unprecedented insights into customer behaviour and optimising campaigns. We explore the principles of AI in marketing analytics, such as machine learning techniques, natural language processing, and computer vision, and demonstrate their applicability via case studies of the Nike shoe company, Domino Pizza company and Amazon e-commerce company. Businesses looking to strategically integrate AI are given recommendations, with a focus on investing in pilot projects to use AI in marketing, customer satisfaction, ongoing learning, and working with AI specialists. For continued success, it is recommended that data security measures be strengthened and that monitoring and assessment be done in a methodical manner. One of the most important strategies for companies to be innovative and maintain a competitive edge is to invest in research & development. This study emphasises how important it is for companies to use AI in marketing analytics—not just as a technical innovation, but also as a strategic requirement for long-term success in the ever-changing digital market.The findings highlight AI's critical role in redefining marketing paradigms, moving organisations towards more personalised and adaptable tactics. As businesses manage the complicated interaction of technology, ethics, and customer trust, the paper intends to help them adopt ethical AI practices and comply with data protection rules.The insights presented in this research contribute to a deeper understanding of AI's multifaceted impact on marketing analytics. They show the way forward for companies looking to prosper at a time where making decisions based on data is crucial, not merely to adapt. Businesses may fully use AI by following the suggested techniques, which will stimulate innovation, foster customer trust, and eventually lead to sustainable growth in a market that is becoming more and more competitive. This paper acts as a compass, helping companies navigate the complex world of AI-powered marketing analytics, building their resilience, and putting them at the forefront of developments in the sector.

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How to Cite
Ayushi Srivastava, Deepika Ameta, Prathmesh Bhosale, Samrat Ray. (2024). "Deep Dive into AI-Powered Marketing Analytics". European Economic Letters (EEL), 14(2), 2686–2695. Retrieved from https://eelet.org.uk/index.php/journal/article/view/1619
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