You Ask, I Answer: Marketing Revolutionized by AI?

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You Ask, I Answer: Marketing Revolutionized by AI?

Cathy asks, “What marketing discipline will be the next one to be revolutionized by AI?”

In today’s episode, Kathy asks: what marketing discipline will be the next one to be revolutionized by AI? What business hasn’t been revolutionized by AI? What discipline will not be? Very few will not be affected, right? Very few will not be transformed in some way.

The things that artificial intelligence is bad at are understanding emotions. Right, machines don’t feel, they have no capacity to understand emotions. They can parse the semantics around the language we use for emotions and assign probability judgments to it, but they can’t feel or exercise judgment. In this case, we’re specifically talking about exceptions to rules, right? For example, when you go to a restaurant and you’re polite to the waitstaff, and they’ve had a bad day with rude customers, they might throw in a free appetizer because it feels right to them. That person is exerting judgment, overriding the rules because it circumstantially feels right to them. Machines are not good at emotions, and generally speaking, people tend to want to do business with other people. The exception being if your customer service or interfaces are appallingly bad that nobody wants to deal with them.

Other than that, anything that does not involve primary emotion work is up for grabs by AI. Think of it this way: AI is nothing more than mathematics, statistics, probability mathematics. If we substitute the word AI with the word spreadsheet, what business or discipline has not been revolutionized by the spreadsheet in the last 50 years? It’s very difficult to think of a single company that doesn’t use spreadsheets in some capacity, except maybe some few folks who still do everything by hand on post-it notes. But for the most part, the spreadsheet is pervasive in every business. It’s just there, it’s a utility, it’s part of how you do business, and it’s impossible to think about doing some tasks without it. That’s AI. That is the role that AI is going to take on, particularly with all the latest advances in things like generative AI and large language models. There will not be a single company that is not in some way using AI.

Now, the challenge will be for those companies that adopt earlier and work out all the bugs, and stay agile, and up-to-date. It can be very hard to catch up with them over time. So, if you are in an industry where you have waited and your competitors have just danced circles around you, you will have to be on the lookout for a paradigm shift within AI like generative AI to be able to retake some ground if you were asleep at the wheel for the earlier stages of AI. But those paradigm shifts are few and far between. So, when one comes along, get in, get on board as quickly as you can, and get up to speed as quickly as you can.

I was having a chat the other day with a friend of a friend, and even people who are doing stuff that would be considered classical and even archaic, like studies of old biblical texts, are using AI to speed up their work. So, if you have someone who is resistant to it, remind them that people who are studying fifth-century Greek texts are using AI to improve the quality and speed of their work. So, if it works on fifth-century Greek materials, it’ll work on your business.

Anyway, good question. Thanks for asking. If you’d like this video, go ahead and hit that subscribe button.

You Ask, I Answer: Marketing Revolutionized by AI?

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Christopher Penn 0:00

In today’s episode, Kathy asks what marketing discipline will be the next one to be revolutionized by AI? What business hasn’t been revolutionized by AI? What discipline will not be? Very few will be will not be affected, right? Very few will not be transformed in some way.

The things that artificial intelligence is bad at.

It is bad at understanding emotion, right machines don’t feel they have no capacity to understand emotions, they can parse the semantics around the language we use for emotions and assign probability judgments to it.

But they can’t feel they cannot exercise judgment.

And in this case, we’re specifically talking about exceptions to rules.

Right? When you, for example, go to a restaurant, and you’re like really polite to the waitstaff.

And they’ve had a crap day, and every other customer has been rude.

They will.

They might be like, You know what, I’m gonna throw this person a free appetizer because it’s the first person has been in this place all day, it has been a jerk to me.

That person is exerting judgment, they are overriding the rules.

Because it circumstantially feels right to them.

Again, it’s emotion based machines, not good at emotions.

And generally speaking, all things being equal, people tend to want to do business with other people.

The exception being if you’re your customer services, or your your people interfaces are so appallingly bad that nobody wants to deal with your people looking at you cable companies.

Other than that, you know, anything that does not involve it, primary emotion work is up for grabs by AI.

Think of it this way, this is something I say a lot in my talks.

AI is nothing more than mathematics, right? statistics, probability mathematics.

And so if we substitute the word AI with the word spreadsheet, right, what business or discipline has not been revolutionized by the spreadsheet in the last 50 years.

Right? Can you think of an a single company that doesn’t use spreadsheets in some capacity? Very difficult thing of that, right.

Except for maybe some few folks who still do everything by hand on like, post it notes.

But for the most part, the spreadsheets pretty much pervasive in every business.

It’s just there, it’s a utility, it’s part of how you do business, it’s impossible to think about doing some tasks without it.

That’s AI.

That is that is the role that AI is going to take on particularly with all the latest advances and things like generative AI and large language models, they will not be a single company that was not in some way, using AI.

Now, the challenge will be those companies who adopt earlier and work out all the bugs, and stay agile stay up to date, that can be very hard to catch up with very difficult to catch up with over time.

So you would have to wait, if you if you are in an industry where you have waited and your competitors have just dance circles around you, you will have to be on the lookout for a paradigm shift within AI like generative AI to be able to retake some ground if you if you were asleep at the wheel for the earlier stages of AI.

But those paradigm shifts are few and far between.

So when one comes along, get in, get get on board as quickly as you can get to speed as quickly as you can.

I was having a chat the other day with a friend of a friend and you know, even people who are doing stuff that would be considered classical and even archaic.

It was studies of old biblical texts and things using AI.

They’re using AI to speed along their work.

So if you’ve got someone who is resistant to it, your company just remind them that people who are studying like fifth century Greek texts are using AI to improve the quality and the speed of their work.

So if it works on Fifth Century Greek materials, it’ll work on your business.

Anyway, good question.

Thanks for asking.

If you’d like this video, go ahead and hit that subscribe button.

Machine-Generated Transcript

Christopher Penn 0:00

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