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A Complete Guide To Driving Digital Transformation In Marketing

datapine

Digital transformation of your business is possible when you can use emerging automation, Machine Learning (ML), and Artificial Intelligence (AI) technologies in your marketing. However, when it comes to digital transformation in marketing, there is a larger revolution in how marketers use modern tools and technologies.

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The Benefits, and Costs, of Speed and Access to Data

Andrew White

It was titled, “ High Speed Seen Increasing Costs of Stock Trading ”. This is where certain ultra fast traders take advantage of new market data before the wider market can. Some will even say the market is rigged. But moving early with the wrong information could be disastrous. Go tell that to the Hare.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

Not to be confused with the ordinary sense of rent as a charge for temporary use of property, economic rents are the income above a competitive market rate that is collected because of asymmetries in ownership, information, or power. But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last.

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To understand the risks posed by AI, follow the money

O'Reilly on Data

It’s about ensuring that the economic environment facilitating innovation is not incentivising hard-to-predict technological risks as companies “move fast and break things” in a race for profit or market dominance. These platforms made markets more efficient and delivered enormous value both to users and to product suppliers.

Risk 221
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AI is Driving Huge Changes in Omnichannel Marketing

Smart Data Collective

AI has many practical uses that can help companies improve their marketing strategies, but personalization is arguably one of the most important. In omnichannel marketing, AI personalizes and optimizes the customer experience across multiple channels. AI is essential for scaling end-to-end personalization.

Marketing 120
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3 Massive Cost-Saving Benefits of Smart Data for Businesses

Smart Data Collective

For example, they could maximize their employees’ skills or cut production costs. One of the reasons that the market is growing so rapidly is that smart data is improving the quality of data-driven business models. Equipped with useful information, businesses will more effectively and efficiently market to customers.

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Data is essential: Building an effective generative AI marketing strategy

IBM Big Data Hub

Generative AI is powering a new world of creative, customized communications, allowing marketing teams to deliver greater personalization at scale and meet today’s high customer expectations. Enterprise marketing teams stand to benefit greatly from generative AI, yet introduction of this capability will require new skills and processes.

Marketing 122