It’s a new dawn, a new era, you can’t afford to be caught with your pants down. Data science is the in-thing. The size of your business shouldn’t be an excuse, integrate now. If you still believed in trying to attract customers only by taking out full-page advertisements in magazines, plastering the town with bright billboards, and even signing up glamorous celebrities for television commercials, you must be operating from another planet and you do have another think coming. Marketing these days has moved to another level and brands are overly becoming more effective, extracting value from data by automating and optimizing processes or producing actionable insights. Forbes reports that 91 percent of senior marketers indicated that customer data was essential to making decisions. The interesting thing is that you have all along had all these data for the asking but failed to utilize the begging opportunity. Data is growing faster than ever before and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet. But according to a report, less than 0.5 percent of all data is analyzed and used You, however, still can avail yourself of…
Data science, machine learning, and artificial intelligence have brought a big turn around to how marketing is done with the view of recommending products to the customer with more precision
Mistakes do occur in marketing and they stem from what many marketers take for granted, They are most of the time regarded as small issues and they cost the brand a lot of goodwill on the part of the consumers and revenue eventually.
Artificial Intelligence (AI) is ushering in the Fourth Industrial Revolution which seems to be evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country.
Lean may apply to you as not a solid and firm capable organization but a thin, grim one that will crumble when pressure is applied. Businesses could harbor this fear since a lot of half-baked and ill-planned applications of Lean have failed.
Rebranding can be a very good cause, especially when its aim is to tone up some grey areas in the business. Especially as brands can go off-message, or find their message no longer resonates with their target audiences.