Paroma asks, "How should marketers be implementing personalization at scale without diminishing the human connection?"
Personalization is all about adding specific details to our marketing, from the most basic basics like getting someone's name right to the most advanced techniques in AI, creating unique, individual content for everyone in a 1:1 way. Personalization is thus contingent on the quality of our data, in order to effectively personalize, the quality of our product or service - and our marketing is a product - and the quality of our content generation techniques.
Most marketers don't have access to the most powerful content generation techniques, not because they're expensive, but because they're incredibly technical. So, do the best you can with the data you have, and focus on improving the quality of your data and the overall quality of your marketing in preparation for content generation techniques to become more affordable and reachable.
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What follows is an AI-generated transcript. The transcript may contain errors and is not a substitute for watching the video.
In today's episode per oma asks, How should marketers be implementing personalization at scale without diminishing the human connection? Interesting question. personalization, at least as we currently have it in marketing is all about adding specifics to our marketing that are relevant to the person that's receiving it on the other end. This is anything the most basic of basics like not putting Hello, first name, the beginning of our emails, all the way to the most advanced state of the art techniques in personalization to which are driven by artificial intelligence by machine learning by data science. And that is the creation of unique individual content for everyone in a one to one way that means when someone comes your website, they are seeing content that is only for them, and nobody else and and if five people all went to your website, all five would see different variations over time of that site that was tuned towards what they cared about based on their preferences. You see this today with things like YouTube, right? If you look at to people's on their home computers or their phones, to people's YouTube accounts, you can see very different recommended videos depending on those the person's preferences. So we know that this personalization exists today, in email marketing, personalization, gets even more tricky, right? Because in the most advanced use case, you would have you'd be using individually tailored emails for every person not not Hello, first name. But what I get in my newsletter, the news, I get the articles, I get the content written for me, the featured things all that would be very different than the person may sitting right next to me, I they might get completely different stuff. You see this again, retail, Amazon is legendary for its ability to personalize to be able to create content that in email marketing, that nobody else gets, right you that is your Amazon reminder that you need to go and buy some more stuff from Jeff Bezos. So that's where personalization is, there's a broad spectrum from Hello, first name to this email is only for you. And it's contingent on three things. So personalization is contingent first on the quality of our data. If all you have is just a single piece of information, like the first name and an email, there's very limited personalization, you can do right, you can personalize only on that person's name. Or if all you have is, you know, a single visit to your website, you can only personalize based on what you've got. So you need to be collecting data, you need to be storing data, you need to be analyzing data really, really well. The second care contingency for personalization is the quality of the product or service, including the marketing of it, because marketing is a product. What what are you offering a value, I would submit that personalization is less important than quality of your marketing. Right? You can personalize crap, right? personalized, I can write a script that will personalize word salad and email it to you it will be personal, it will be tailored to you. It will be valueless. I would rather get a generic email that provides a lot of value to me, then then personalized garbage. And the third is the access that we have, or the quality we have of our content generation techniques. And this is this is a test a logical question. most marketers today do not have access to the most powerful artificial intelligence content generation techniques. And it's not because they're expensive, actually, some of the most advanced techniques are totally free of financial cost. But there is an incredibly high technical barrier. That technical barrier requires you to be able to do data science to fine tune, neural network models do all sorts of crazy stuff with the technology. And so it's out of reach is out of reach. And there are not a ton of vendors yet that are putting it within reach. There are some that are coming. Stay tuned as I as I record this year in the middle of 2019. I expect by the end of the year for at least a couple of vendors, one of which I informally advise and consult with Penn to really have incredible service offerings. What sort of thing is scum, warrior boy your mind way?
But it's not yet. And that will be cheap to start. So what should a marketer be doing? What should you be doing? Number one, do the best you can with the data you have. Right? That is fairly obvious. But again, it's it's untapped. A lot of people don't do that. improve the quality of the data that you're collecting. Right. So not just more data, but better data. Not just simple stuff like demographic or firma graphic or psychographic or techno graphic data with behavioral data, behaviors, what's going to set your personalization apart. Somebody who visits certain pages on your website is going to show a certain type of intent, especially if you've got more than one product. So you want to focus on what what are they looking at? Right? What are they doing? And what do you have that maps to that that you can create algorithms and code and content for them based on their behavior. Focus on the improving the overall quality of your marketing to write because, again, no one wants personalized garbage even if it's really sophisticated garbage. Still garbage, right. So make sure that your marketing is of a high enough quality that somebody would actually want it. Because Jay Baer, who said a number of years ago, that, you know your marketing is at the top of its game, when someone is willing to pay for it. When someone not not for your product, but someone's willing to pay for your marketing. That is when you know you have reached the pinnacle of marketing power. And so that's your benchmark, are you creating marketing that's so good, so good that somebody would pay for it. And then finally, of course, Bob focusing on your marketing quality by focusing on the collecting data, you are laying the groundwork for those artificial intelligence content generation techniques. As they as they do become more affordable as they do become more in reach for organizations of all size. That will help you'll be ready for it, you'll be prepared for the advent of it, I would suggest taking some courses on data science and machine learning and artificial intelligence. If you go to cognitive class.ai, which is IBM free Academy for data science and machine learning. There's a tremendous amount of great content totally free of cost zero dollars that you should take. And you can earn badges and certificates and continuing education stuff and all that good stuff. But the skills that you need to make this technology work are in the course were there and again, it's free of cost zero dollars. Of course IBM is going to lead you towards using their platforms and things. That's logical, but there's a lot of open source stuff, pilot on our panda socket, learn all that stuff is in there. So make use of those resources. They are free financial costs, they only require your time. So good question from improve your data quality, improve your content quality, laid the foundation for great individualized content generation as the techniques become available. As always, please subscribe to the YouTube channel on the newsletter and I'll talk to you soon.
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