Generative AI is having a huge impact on marketing today. Marketers around the world have been experimenting with ChatGPT over the last year and finding different ways to incorporate it into their daily workflows. While some affirm its transformative impact, others point out that hallucinations and inaccurate information make it unusable for business. While some of the criticism is valid, we need to focus on the pace of progress.
It was only a year ago that many people were making fun of videos created by generative AI, but now they are in awe of videos created by Sora. The truth is that the core underlying models of generative AI are advancing at an unprecedented pace, and as they mature, many of the challenges of using generative AI will be resolved.
As you build your generative AI adoption strategy, you need to understand what could become mainstream in the near future and what experiments to run while developing a long-term vision for business adoption of generative AI. . Multiple real-world use cases are now mainstream, including content creation, design, data analysis, and conversational AI for customer service. With the exception of customer service, where a high degree of automation and containment seems realistic, we increasingly see AI not as a replacement for humans, but as an enabler of human ingenuity in content, design, and data analysis. I'm watching it.
As generative AI evolves further in the coming years, we can expect to see a greater degree of automation in customer interactions. Businesses will increasingly rely on marketing to understand and optimize large parts of the customer journey. Marketing departments must be proactive in experimenting with new tools, integrating them into their workflows, and constantly evaluating which parts of the customer journey can be automated using advances in AI. In December 2023, McKinsey predicted that generative AI could add up to $4.4 trillion in annual value to global economic productivity.
More than 51% of marketers have started using Gen AI tools to some extent, but the impact on the broader enterprise remains relatively limited outside of a few pockets. To realize the full potential of generative AI, it's important for marketing teams to actively promote its adoption within their workflows.
Since many generative AI tools cost less than $100 per user, one effective strategy is to allocate an experimentation budget. This affordability allows marketing teams, even those with modest budgets, to explore new tools and experiment with their features without investing a lot of money.
It’s equally important to recognize and reward early adopters of generative AI within your marketing team. Celebrating innovative use cases not only boosts team morale, but also fosters a culture of innovation that encourages others to consider and contribute to generative AI adoption.
Organizing a generative AI hackathon can provide a platform for collaborative brainstorming within your marketing team. These dedicated sessions encourage exploration of new use cases, encourage cross-functional collaboration, and encourage creativity and teamwork.
Knowledge sharing plays a critical role in scaling the success of generative AI adoption. Ensuring effective communication between teams allows you to disseminate insights and best practices. For example, if your content team successfully implements a custom GPT for content creation, sharing it allows other departments, such as your sales team, to utilize the same tool to generate their outreach emails. Masu.
A focus on safety and security is paramount in the deployment of generative AI. Recognizing that not everyone on your team is an expert in protecting data interests, partner with your IT department or appoint a member of your team within your martech team to lead AI governance efforts. becomes essential. This individual can guide the team on best practices, ensure compliance with privacy regulations, and obtain necessary rights to tools such as her Midjourney for image generation.
The bottom line is that you should experiment with generative AI, drive adoption within your teams, and make it the foundation of how you reimagine customer journeys.
