2020
DOI: 10.1108/bl-03-2020-0022
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Artificial intelligence (AI) in strategic marketing decision-making: a research agenda

Abstract: PurposeThe purpose of this article is to review literature and thinking about the application of AI in strategic situations and to identify the research that is needed in the area of applying AI to strategic marketing decisions. Design/methodology/approachReview of literature and consultation with marketing experts who were invited to contribute to the article. FindingsThere is little research into applying AI to strategic marketing decision-making. This is needed as the frontier of AI application to decision-… Show more

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Cited by 147 publications
(65 citation statements)
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References 38 publications
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“…The breadth and depth of AI application in marketing is significant, potentially even staggering. For example, AI has the potential to analyze target customers, communicate content, and deliver it via customized marketing campaigns (Stone et al, 2020). In addition, AI has the potential to reduce the time and cost of creating such campaigns, as well as increasing their effectiveness (Roggeveen & Sethuraman, 2020).…”
Section: Ai Application In Marketingmentioning
confidence: 99%
“…The breadth and depth of AI application in marketing is significant, potentially even staggering. For example, AI has the potential to analyze target customers, communicate content, and deliver it via customized marketing campaigns (Stone et al, 2020). In addition, AI has the potential to reduce the time and cost of creating such campaigns, as well as increasing their effectiveness (Roggeveen & Sethuraman, 2020).…”
Section: Ai Application In Marketingmentioning
confidence: 99%
“…Many researchers agree that all businesses, especially those in competitive industries, will have to adopt AI because failure to deploy AI in the face of competition from firms, who have deployed AI to improve their decision‐making, could be dangerous (Stone et al, 2020). For example, AI will allow the business to track a brand image shift using evidence from the web and social media.…”
Section: The Tasks Of Ai In Finance and Financial Marketsmentioning
confidence: 99%
“…e result of collecting and analysing the information helps the food-service-based applications to secure more food orders from old as well as new customers, thus securing the consumer loyalty. Moreover, it also helps in removing the loopholes and complaints that make these applications more fail-safe and reliable [44].…”
Section: Ai-based Customer Feedbackmentioning
confidence: 99%
“…is system can be an online site that can provide the benefit of fast ordering and recommendations or a mobile application that comes with added advantages such as incorporating an artificialintelligence-(AI-) based system. Due to the emerging foodbased e-commerce applications, it is a wise decision to enlist one's food-selling firm to their repository [44]. It allows the firm to have best functionalities of these e-commerce applications without spending more money in developing the same for itself, although the amount of commission charged by the e-commerce can still lead the firm to develop it.…”
Section: Food-vending Terminals and Applicationsmentioning
confidence: 99%