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Will artificial intelligence alone help SME marketing?

As marketing and branding continue to evolve, the fusion of human connection and technological innovation will remain the driving force behind enduring success

September 06, 2023 / 06:27 IST
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China's 360 to open AI model to the public
China's 360 to open AI model to the public

Media and tech experts make us believe that artificial intelligence (AI) is going to affect all aspects of our lives, especially in business. Already, its use is visible in manufacturing processes, HR, supply chain, marketing, and so on. Are companies relying on it more and more to improve performance? Will SMEs be better off using AI in marketing, and resolve the talent crunch they face?

As technology invades the marketing and branding functions, businesses need to un-learn many things and learn new ways of looking at managing these functions. While AI has undoubtedly brought about efficiency and personalisation, it is crucial to recognise that the human element remains an indispensable aspect of effective marketing and branding. Here are some pointers:

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The power of personalised interaction: AI-driven algorithms can analyse vast amounts of data to craft marketing messages and predict consumer behaviour. However, true personalisation goes beyond data points. SMEs like "The Book Nook," a quaint, independent bookstore, exemplify this principle. By cultivating a strong sense of community, and hosting book clubs and author meet-ups, the store offers an experience that AI cannot replicate. Customers feel seen and valued, which leads to brand loyalty that transcends transactional interactions.

Storytelling that resonates: Human connection thrives on storytelling. Successful brands seamlessly integrate their narratives into their marketing efforts. Consider the example of TOMS, a well-known shoe company. With its "One for One" campaign, it doesn't just sell shoes; it tells a story of compassion and social impact. For every pair of shoes sold, a pair is donated to a child in need. This narrative resonates emotionally with consumers, turning them into brand advocates.