How to Apply Machine Learning to Your Digital Marketing Strategy
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As a digital
marketing expert, have you ever made a spreadsheet comprising the individual
purchase history of all customers searching for a particular product in your
category, the time of day they’re most expected to purchase, the kind of device
they’re using when they purchased last, their location when they made that
purchase, statistically calculated ad creative quality and numerous other
proprietary Google data points; then utilized this information to manually
modify each bid – in real time – for every single auction?
If you have
several hours and a very powerful laptop, you may be able to study all this
data manually. Or you could utilize Google Adwords Smart Bidding, an
application of machine learning which makes it thinkable for Google to set the
right bid at auction-time immediately using all these data points and more.
Along with the
growth of Big Data, Machine Learning is perhaps the most groundbreaking
technology to change the background of digital marketing. Machine Learning
leverages really large datasets that marketers are now able to capture, learns
from this data and generates actionable data insights that can be leveraged by
marketers to generate completely new levels of understanding of your clients,
personalization and optimization opportunities to enhance the efficiency of
marketing campaigns.
Leveraging Machine Learning in Digital Marketing
Strategy
Every customer
interaction leaves behind a digital footprint that can be used to develop a
deeper understanding of the client’s intent, behaviors, motivations, and
predict future interactions. ML allows organizations to leverage large datasets
to develop customer insights, integrate external data sources like competitive
insights and weather data, examine shopping histories, infer and classify behaviors
and develop actionable insights and customer explicit personalization.
●
ML can be
utilized in content marketing campaigns to develop more applicable content,
precise to the individual based on past data. This improves engagement and
ability drive a reply from the customer.
●
ML is
utilized in search and display campaigns to help
identify the metrics that signify the highest
propensity to forecast the desired behavior and classify the likenesses between
your customers with the optimum LTV. ML is also used to recognize the order and
kind of media interaction paths most likely to end in a conversion event,
notify your programmatic media platform then enhances bidding to allow this
sequence to your possible customers.
●
ML can be
used in email to scrutinize consumer behavior to determine the optimal time to
send an email to a specific individual, what creative to include, what offer
will generate the best response, which landing page should be presented on the
site and if it’s necessary to present a coupon code to the end-user to increase
the likelihood to convert.
●
ML enables
digital experience personalization based on the assemblage of customer-specific
information as well as a wide collection of activities of other users.
● This
ability to utilize real-time streaming data to power in-the-moment
personalization and predictive competences enabled by ML allows the incessant
response loop between customer intent, interaction and action that drive
efficiencies in digital media and improved return on investment for
advertisers.
Machine Learning offers us all
with the opportunity to develop more friendly and valuable relationship with
our customers and more engaging experience with brands. Machine
Learning course from a premier
institution can help you build a successful career in the field of ML. Top
institutions have right resources and faculty to facilitate students’ learning.
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