Engulfed by the tsunami of digital transformation all around
us, global markets have turned more uncertain as the way people retrieve, consume,
share information has changed. The C suite executives across the globe are keen
to sail smart into the future, to succeed and thrive.
The Blogger is Kiran Kumar Yellupula: The views expressed here are purely personal. Please share your feedback at mediavalue@yahoo.com
IT’s all about defying eternity and creating a timeless
brand as disruptive technologies shake the complacency out of archaic systems and
processes. So, how is this going to impact the future and what can we do to
create a timeless brand? Significantly, this has become a question of survival
for enterprises, big or small.
Read on to navigate some of the trends that will shape
the industry in the years ahead.
Artificial Intelligence is going to dominate the future as forward
thinking leaders will seek higher performance and measurable outcomes. In a bid
to outsmart the competition, they will focus on doing more with less for more.
This will entail embracing more automation, more predictive analytics, and a higher
shift to machine learning and robotics, all aimed at better decision making,
optimizing cost, balancing resources and improving productivity. We will see
more and more intelligent agents able to perform jobs that require human
intelligence, such as visual perception, speech recognition, and
decision-making. From IBM’s Watson, Apple’s Siri, Google Voice Search, Google
Brain, Google Translate, Xbox, Netflix, and autonomous cars artificial intelligence
has already slowly impacting our lives.
Precision marketing will rule as brands will see their
identity continue to have a roller coaster ride with self-learning ‘data driven
insights’ transforming their narratives. The radicle shifts in the way buyers look
for and consume information and the manner in which they want to be interacted will
trigger more granular and integrated customer-centric strategies. As empowered consumers
will increasingly expect brands to anticipate and respond to their customized needs
quickly, CMOs will strive to aggregate, enrich, and glean real time predictive insights
from big data – through offline, online and social sentiment analysis. As the
pace of technology development is going to be rapid; marketers need to be in a
constant state of test- learn-run experimentation mode, in order to
intelligently decide what makes sense for their businesses.
Customer Experience will remain vital to thrive in the
intelligent era. This will be accentuated by fundamentally and unpredictable
breakthrough in technologies like hybrid Clouds which will force the leaders to
seek a deep, scientific understanding of the cognition of the customers. Armed with novel, real-time, insights -
forward thinking leaders will harness advanced customer experience solutions to
embrace digitally transformation and differentiate their products and services
across all channels, touch points, and interactions.
CMOs will be able to create a single source of customer data
and develop ‘persona’ for every marketing process and predict behaviors. In a
bid to personalize meaningful experiences, influence, and monetize, the leaders
will treat every customer as an individual. This kind of ‘precision marketing’
will entail listening, analyzing, profiling, and engaging customers
intelligently across the full client life cycle with the right content in the
right context to amplify the brand narrative and deepen the relationship.
The good news is computational advertising is already
helping the marketers find the best match between a given user in a given
context and a suitable advertisement or content customized for the target. Leaders
will also tap emotion
detection and analysis tools to generate actionable insights to create new
levels of customer intimacy. Recommendation engines can offer
thought leadership articles, blogs or videos to on-line audience, based on a
prediction of their interests. They can help predict customer preferences,
interests and prod them to purchase or influence. Social sentiment analysis tools
will
see greater adoption.
Leaders will embrace Natural Language Processing and Brain-machine
interfaces to measure and
track customer focus, engagement, interest, excitement, affinity, relaxation,
and stress levels. While still a work in
progress, machine perception is a near reality today. Advanced
adaptive technologies will help marketers
better understand their customers using computer vision, machine hearing, and machine touch. Collaborative
research like BRAIN Initiative (Brain Research through Advancing Innovative
Neurotechnologies) will help map Brain neurons connections and help gain insight into how the brain’s
individual cells and complex neural circuits interact. This will also help future
marketers to foster customer loyalty scientifically, and effectively.
The question is how do the smarter leaders embrace such rapid change? As
marketing evolves into a fusion of art and science, an open, collaborative, multi-disciplinary,
experimental and creative attitude will be needed to sense, influence and serve.
IT’s all about being essential to clients, to continually learn, innovate and add
sustained value to business and society, and to stay ahead of the curve –
Whatever is the Next.
Are we ready to embrace the future?The Blogger is Kiran Kumar Yellupula: The views expressed here are purely personal. Please share your feedback at mediavalue@yahoo.com