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As machine learning advances what role will humans play in marketing?

(MARKETING) As computers and bots continue to take over tasks an learn new people skills, what will happen to humans in marketing?

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Say Hello to your AI marketing guru

A complete revolution in the marketing industry is around the corner.

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Dubbed by some as the “fourth industrial revolution,” AI bots will dominate this new marketing landscape in every conceivable way. Equipped with advanced machine learning technology, they will come up with holistic, data driven digital campaigns. From effective copywriting to lead scoring and churn prediction, bots will do it all.

Marketing of the future

So huge are the marketing potential, that tech giants are betting big on this new technology. At the recently held f8 developer conference, Zuckerberg talked about Facebook’s next big bet on smartphone camera augmented reality (AR) platform as the company’s “Act two.” Amazon, Uber, and Google have all big investments into AI as well.

Even smaller companies now want in. The American Genius already covered how Whisper, the anonymous messaging app launched “Perspective,” AI powered bot to provide readers with easy access to additional articles or videos of unique relevance when they are on a certain site.

In other words, bots will guide humans in every aspect of life.

Tesla’s Elon Musk went a step further. Humans must merge with AI machines in the near future, he said, or risk becoming irrelevant in a data-driven world.

Marketing strategies will be the first step in this merging process: future ads would merge many customers with their product experience in an effort to lure them into buying it.

Tech-tonic shifts will destroy employment

Technology will affect 30 percent of all marketing jobs in the next several years. Many jobs will simply dry up. For the few roles that do survive, performing the tasks would require highly specialized skills—in a drastic paradigm shift.

Experts predict increased leverage of two types of candidates —
1- those who are very good at mathematics, i.e., physicists, mathematicians and computer engineers;
or
2- neuroscientists with research work in human psychology or speech & language patterns.

The AI Achilles’ heel

But here are two important things to realize for employees who stand to lose their job to automation.

First, Very few people in the world can come up with sophisticated machine learning algorithms and the process is often inaccurate. The AI system requires constant tweaking of formulas, testing of parameters, and research into better metrics. Those require analytical skills beyond the computational capacity of bots.

Secondly, by no means shall this bot-powered, data driven world be foolproof. The ethical ambiguities and social implications of machines manipulating human emotions remain especially uncertain.

Here is one instance. Facebook researchers carried out a simple psychological test, unannounced. They tweaked their word count software to manipulate the News Feeds of 689,003 users. The goal—to secretly experiment whether simply viewing positive posts vis-à-vis negative posts could alter viewer’s emotional state.

The after-the-fact revelation led to this experiment being highly derided as manipulative, and the company apologized.

It underscored the inherent dangers of machine learning.

According to Carl Schmidt, Co-Founder and Chief Technology Officer at Unbounce, “Where we are really going to run into ethical issues is with extreme personalization. We’re going to teach machines how to be the ultimate salespeople, and they’re not going to care about whether you have a compulsive personality… They’re just going to care about success.”

The bot-resistant jobs

That is where the new era of non-technical marketing jobs would mostly be concentrated in—jobs that require strong cognitive and analytical thinking.

Do not freak out about the future if you are not a “math person.”

The industry would still require human emotional input at some level, and judgment calls based on complex sociological considerations and cultural sensibilities. That is where you would show your magic.

Thinking like a human would be the greatest asset for a marketing landscape driven by machine-learned bots.

#BotMarketing

Barnil is a Staff Writer at The American Genius. With a Master’s Degree in International Relations, Barnil is a Research Assistant at UT, Austin. When he hikes, he falls. When he swims, he sinks. When he drives, others honk. But when he writes, people read.

Business Marketing

Which social media platform will dominate for marketing in 2018?

(SOCIAL MEDIA) Which of the many social media networks will rule as the top social network marketing platform in 2018?

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If you’re still Tweeting to market your business or product, you’re way behind the curve.

Most social media influencers think Instagram is where it’s at, according to new research from content marketing firm Hashoff. A survey of 414 influencers in the business-to-consumer market found 93 percent of influencers focused a majority of their marketing efforts on Instagram this year and another 82 percent expect that to carry over to 2018.

Facebook is the secondary point of focus, as 16.5 percent of surveyed influencers devoted most of their time to timelines in 2017. However, after that, efforts fall below 5 percent for other major social networks such as Twitter, Snapchat and Pinterest.

So why the fondness for Instagram? Most social media influencers (76 percent) said Instagram has the best tools for creators among all the major platforms. It supports pictures and videos, live video streams, encourages consumer interaction and don’t forget about all the editing tools, rainbow face filters aside.

Some survey respondents (13.7 percent) also said Youtube is the best tool for content creators. While it hasn’t been a top focus for influencers over the past couple of years, use is trending upward. For example, in 2017, only 3.2 percent of influencers said Youtube is their No. 1 social media platform for marketing, but in 2018, that percentage is expected to jump to 12.2 percent.

While social media marketing efforts will always vary based on company type, product and content creation bandwidth, if you are starting to plan for 2018, keep tabs on these statistics. They can be a good indication of where consumers are viewing content, and if you are just starting out, knowing where marketing efforts are most worthwhile can save you time, energy and money.

Overall, consumers continue to be attracted to creative, visual representations of products and services, so take some more photos and save your word-based Tweets for another time.

Just because you have 280 characters to market your business doesn’t mean you have to use them. Give the people what they want.

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Business Marketing

Find black-owned businesses to support via this app

(BUSINESS MARKETING) The volume of black-owned businesses is on the rise, and supporting the community has become even easier with this app.

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The U.S. Census Bureau reports that from 2002 to 2007, black owned businesses increased 60.5 percent. Today, it’s estimated that there are over 2.6 million black-owned businesses in the United States.

Black-owned businesses stabilize communities by providing jobs, paying taxes and keeping money in the community where they live. The black community has a buying power of over $1 trillion, but much of that money is spent outside of black communities.

The more money spent with black owned businesses, the more jobs are created; the more money is returned to the community; the more stable families become.

Mandy Bowman saw a need to support black businesses and entrepreneurs. In 2105, she created an app, Official Black Wall Street, the largest directory of black-owned businesses. The app is available in the AppStore and on GooglePlay.

Currently, it lists more than 1,400 verified businesses that are owned and operated by black entrepreneurs.

Consumers who use the app can get an alert when they’re near a black-owned business. The app lets you bookmark your favorite businesses. When the business updates or puts out a new offer, you can also get an alert.

As a black business owner, you have opportunities to advertise your business, and you can even message customers right through the app, another way to reach out to prospects. Promote sales, special offers and promo codes in the app.

It’s fairly simple to add your business. Create an account and enter your information. Consumers can even enter businesses that qualify. Although the app seems to be more for brick and mortar businesses, but online shopping opportunities are listed too.

We encourage black businesses to add a listing to the app and for all people to download the app and support the community.

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Business Marketing

TINA.org is helping the FTC crack down on Kardashian-esque influencers

(MARKETING NEWS) The Kardashians are just five of the seemingly endless amounts of influencers companies are using for marketing but TINA.org is over their tactics.

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A brand could find no better influencers than the Kardashians – the family who proved that you can get famous just for, well, being famous. Each Kardashian sister has an astronomical number of followers, making them obvious trendsetters.

That’s why brands pay the Kardashian sisters – Kourtney, Kim, Khloé, Kendall, and Kylie — tens of thousands of dollars a pop to post pictures of themselves on social media using their products.

Perhaps you find it hard to believe that the Kardashians stop by Popeye’s Chicken to grab a to-go meal before boarding their private jet. Regardless, the Kardashians, and the brands who pay them to pump their products, would prefer that you believe that these endorsements reflect the Kardashian’s actual preferences, rather than the paychecks they receive for posting them.

The Kardashians have been attempting to make their endorsements seem more “authentic” by totally disregarding Federal Trade Commission (FTC) rules that require influencers to disclose when their posts are paid endorsements.

In August of 2016, Truth in Advertising (TINA.org) filed a complaint about the Kardashians to the FTC, saying that the (in)famous sisters had “failed to clearly and conspicuously disclose material connections to brands or the fact that the posts were paid ads, as required by federal law.”

After receiving a finger-wagging from the FTC, the Kardashian sisters corrected less than half of the posts, generally by adding #ad to the post. The remaining posts, according to a recent TINA.org follow-up investigation, either have not been edited at all, or contain “insufficient disclosures.”

For example, some posts now read #sp to indicated “sponsored” – as if anyone knows that reference. In another tactic that also got Warner Brothers and YouTube influencer PewDiePie in trouble with the FTC, the Kardashians are posting their disclosure information at the bottom of a long post so that users will only see it if they click “see more.”

The Kardashians have also been posting disclosures, but only days after the original post. Considering that the vast majority of viewers comment on or like posts within the first ten hours after it’s published, most of them will never see the disclosure when it’s tacked on days later.

Some of the “repeat offender” brands, who came up both in last year’s complaint and in the recent review, include Puma, Manuka Doctor, Jet Lux, Fit Tea, and Sugar Bear Hair. This time around, the Kardashians have also failed to disclose sponsorship on posts promoting Adidas, Lyft, Diff Eyewear, and Alexander Wang.

TINA.org found over 200 posts on Instagram, Facebook, and Snapchat where products are promoted without the Kardashians letting on that their raking in big bucks in exchange. The organization has notified the Kardashians, the brands they represent, and the FTC.

The FTC has recently been cracking down on deceptive influencer marketing, targeting not only the brands, but the influencers themselves.

In April, the FTC sent letters to 46 social media stars reminding them of their legal obligations to disclose, and followed up with 21 letters in September warning the influencers that they had until the end of the month to disclose sponsorships, or face legal consequences.

“The Kardashian/Jenner sisters are masterful marketers who are making millions of dollars from companies willing to turn a blind eye to the women’s misleading and deceptive social media marketing practices,” says TINA.org’s Executive Director Bonnie Patten. “It’s time the Kardashians were held accountable for their misdeeds.”

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