2021
DOI: 10.3390/app11188562
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Artificial Intelligence Marketing (AIM) for Enhancing Customer Relationships

Abstract: Based on the literature, we present an artificial intelligence marketing (AIM) framework that enables autonomous machines to receive big data and information, use artificial intelligence (AI) to create knowledge, and then disseminate and apply the knowledge to enhance customer relationships in a knowledge-based environment. To develop the AIM framework, we bring together and curate a wide range of relevant literatures including real-life examples and cases, and then understand how these literatures contribute … Show more

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Cited by 47 publications
(28 citation statements)
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“…Additionally, AI solutions could support pricing decisions, predict outcomes in emerging marketing environments, and serve as decision support and expert systems [3] Stage 3 Tactics: At this moment, AI technologies are finding their widest application in creating marketing mix and integrated marketing campaigns. The largest number of applications is found in digital marketing, where many AI-based solutions have already been in use for years [5], [6], [7], [44]. The application areas are many -from campaign automation to personalization, advanced targeting and retargeting, to programmatic sampling and media buying, purchase and sales prediction and development of the recommendation systems [4], [6], [26], [32], [42].…”
Section: Discussionmentioning
confidence: 99%
“…Additionally, AI solutions could support pricing decisions, predict outcomes in emerging marketing environments, and serve as decision support and expert systems [3] Stage 3 Tactics: At this moment, AI technologies are finding their widest application in creating marketing mix and integrated marketing campaigns. The largest number of applications is found in digital marketing, where many AI-based solutions have already been in use for years [5], [6], [7], [44]. The application areas are many -from campaign automation to personalization, advanced targeting and retargeting, to programmatic sampling and media buying, purchase and sales prediction and development of the recommendation systems [4], [6], [26], [32], [42].…”
Section: Discussionmentioning
confidence: 99%
“…As pointed out by Babu (2018), the concept of customer-focus has been approached in a disaggregated way founded on the perspective that customer-focus basically comprises of intelligence Impact of customer-focus on SME performance generation and dissemination associated to customers who are considered main players in the market place. A customer-focus oriented business organization places emphasis on customer's current and future needs and has also progressed in its capabilities with respect to co-creation with customers, customer insights, network ties with customers and other enterprises and using machine learning-enabled artificial intelligence (AI) to accurately analyze huge customer data sets to identify context-oriented customer-focus approach (Yau et al, 2021;Madhani et al, 2020;Hamidi et al, 2020;Neneh, 2018).…”
Section: Customer-focusmentioning
confidence: 99%
“…The research hotspots for AI and enterprise management in this phase are "big data", "algorithm", "performance", "analytics". Big Data's value is largely realized through its use by AI, and AI needs to be trained on Big Data to be accurate.Although some scholars think that user data can properly use, believing the role of big data playing in improving user experience 18 , others worry that unlimited abuse of user data may lead to "data surveillance" 19 . There is no doubt that the continuous evolution of algorithms has brought powerful computing power, but it is also worth paying attention to the black box and bias of algorithms 2 .…”
Section: ) Stage Of Growth(2006-2012)mentioning
confidence: 99%
“…An obvious trend is the transformation from intelligent prediction mode to intelligent cooperation mode and then to intelligent customization mode, with the leading role gradually changed from enterprise to customer. The success of marketing in the future depends on whether the communication between the company and the customer is sufficient 18 , and whether the data is fully utilized to understand the customer's needs, even if the customer does not speak out, implicating that consumer relationship management becomes an important part of marketing. However, the comprehensiveness of customer relationship, which includes customer trust, satisfaction, commitment, engagement, and loyalty, has made traditional marketing far from being effective to improve customer relationship, and this warrants the need for AI to bridge the gap 18 .…”
Section: Opportunities Of Ai Applications In Enterprise Management (1...mentioning
confidence: 99%
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