How Can ML Help Get the Max out of the Marketing Budget with Johnston & Johnston
Vaibhav Verdhan spoke with us on the AI in Retail & Marketing Stage at the AI Applications Summit in April 2021:
Organizations spend a fortune on marketing. Every dollar spent on marketing demands ROI. With a number of marketing channels in place, be it offline or online - organizations always strive to improve the targeting. Marketing aims to target customers at the right time, with the right product, at optimized price and best time. All of this marketing effort makes it really difficult for the marketing teams to plan and allocate resources and budget. Marketing budgets (particularly after a strong social media presence) have to optimize the budgets and improve the targeting methodology. Data analysis, machine learning and AI allows us to improve customer targeting, product placements. At the same time, these capabilities allow marketing teams to really get the maximum from their budgets. In other words, the teams can minimize the “marketing waste”. This talk focuses on sharing insights on - how can the organizations improve their customer targeting and optimize their marketing budgets.
Key Takeaways:
- What is required to have a successful ML/AI setup for retail
- What are the areas in the retail industry which can be benefitted by ML/AI
- What are the common pitfalls to avoid
Видео How Can ML Help Get the Max out of the Marketing Budget with Johnston & Johnston канала RE•WORK
Organizations spend a fortune on marketing. Every dollar spent on marketing demands ROI. With a number of marketing channels in place, be it offline or online - organizations always strive to improve the targeting. Marketing aims to target customers at the right time, with the right product, at optimized price and best time. All of this marketing effort makes it really difficult for the marketing teams to plan and allocate resources and budget. Marketing budgets (particularly after a strong social media presence) have to optimize the budgets and improve the targeting methodology. Data analysis, machine learning and AI allows us to improve customer targeting, product placements. At the same time, these capabilities allow marketing teams to really get the maximum from their budgets. In other words, the teams can minimize the “marketing waste”. This talk focuses on sharing insights on - how can the organizations improve their customer targeting and optimize their marketing budgets.
Key Takeaways:
- What is required to have a successful ML/AI setup for retail
- What are the areas in the retail industry which can be benefitted by ML/AI
- What are the common pitfalls to avoid
Видео How Can ML Help Get the Max out of the Marketing Budget with Johnston & Johnston канала RE•WORK
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![Eugenio Culurciello, Founder, TeraDeep - RE.WORK Deep Learning Summit 2015](https://i.ytimg.com/vi/bX-WYlFlx-U/default.jpg)
![Interview with Adam Cheyer, Co-Founder and VP Engineering/VP of R&D at Viv Labs/Samsung](https://i.ytimg.com/vi/el2TTvrb4xM/default.jpg)
![In Search of Trustworthy & Ethical AI | Women in AI Podcast | Rachel Alexander, Omina Technologies](https://i.ytimg.com/vi/IJmm0hc43L0/default.jpg)
![Challenges of Human Labour Automatization in Transport - Juris Puce - Deep Learning Summit #reworkDL](https://i.ytimg.com/vi/Ssj0RG6mrJg/default.jpg)
![Superior Conversational Customer Experience for the Enterprise with Rasa](https://i.ytimg.com/vi/oSuVLNRqfW0/default.jpg)
![ML Observability: A Critical Piece in Ensuring Responsible AI | Arize AI](https://i.ytimg.com/vi/2FE1sg749Vo/default.jpg)
![Training Models at Facebook Scale with PyTorch](https://i.ytimg.com/vi/EXFjhF4HQ_Y/default.jpg)
![Interview with Jeff Stein, Orbital Insight - RE•WORK Connect Summit #reworkAI](https://i.ytimg.com/vi/hNUF6jq430s/default.jpg)
![How Motion-Based, Off-Grid Renewable Energy Will Power the IoT - Jessica O. Matthews, Uncharted Play](https://i.ytimg.com/vi/Xz29ORuQjaE/default.jpg)
![This week is the Deep Learning Summit & Deep Learning in Healthcare Summit Boston](https://i.ytimg.com/vi/htqYmfP6YZ8/default.jpg)
![Wearables: Moving Beyond Sensing - Sonny Vu, CEO, Misfit Wearables](https://i.ytimg.com/vi/Q9G4qw2tlGo/default.jpg)
![7-Eleven Using Applied AI to Disrupt Convenience - Shahmeer Mirza, 7Eleven](https://i.ytimg.com/vi/LC8Dui7MZNQ/default.jpg)
![Interview With Jeremy Marvel, National Institute of Standards and Technology](https://i.ytimg.com/vi/VEuRtXyllFo/default.jpg)
![Elaine Warburton, QuantuMDx - RE.WORK & #BehindTheFace](https://i.ytimg.com/vi/ydvt2HEazYw/default.jpg)
![Rainer Sternfeld, Founder & CEO, Planet OS - IOT Summit, London 2015](https://i.ytimg.com/vi/I18hC7C3NuA/default.jpg)
![The RE.WORK IoT Summit, London, 2015](https://i.ytimg.com/vi/5ApuB6CZn9U/default.jpg)
![Rob May, CEO, Talla - RE•WORK Virtual Assistant Summit, San Francisco 2016 #reworkAI](https://i.ytimg.com/vi/uV7j8N3NZCM/default.jpg)
![Automating Data Annotation with MicroModels with Sama](https://i.ytimg.com/vi/juaX6RH_Siw/default.jpg)
![How Magical Technology will Revolutionize Human Health - Juhan Sonin, Involution Studios](https://i.ytimg.com/vi/nGV0HD4ZAnk/default.jpg)
![IoT Summit, Boston 2015 - with MIT, Xively, INEX Advisors, SafeLogic & more #reworkconnect](https://i.ytimg.com/vi/G0-46Bzs8Zk/default.jpg)
![Growing the Intelligence of Future City Infrastructure, Eric Yeatman, Imperial](https://i.ytimg.com/vi/qKM24mJQ0yE/default.jpg)