Marketing to Millennials with AI Technology AI can even be taken to physical stores to offer consumers more immersive engagement with real-life products

By Shekhar Mhaskar

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Marketing to millennials is a tough task. Their consumption patterns are so changing -- be it platforms, devices or content formats -- and all those various parameters which brands need to manage to attract their affinity, and make it stay. It is more important in the current scenario of ever-emerging media platforms with consumers' media loyalty being volatile.

They demand experiences that are personalized and context-sensitive. Most importantly, they want it all to happen in real time, something humans aren't always great at delivering.

What is Artificial Intelligence

So, why is Artificial Intelligence (AI) such a big deal? Which images conjure in one's head when we talk about AI? Robots, sci-fi screens, non-human digitised voices? Let's dispel the mystery.

AI is the smart real-time use of humungous data points -- be it personal -- from the brand/category, ecommerce habits, historic, etc. to assist consumers with personalised and engaging information/experience to influence his/her brand consideration/purchase.

AI As Chatbot On Messenger Platforms

In the simplest form it can be a Chabot riding on messenger platforms to facilitate a personalised e-commerce journey simply based on conversations without human intervention.

AI's Other Functions

It can also be extended to after-sales self-services, can be used to promote a suitable interest-based offer in real-time, to even launch a new product -- all in the virtual world.

AI In 'Real World'

Leave aside the mobile phone, or the internet. AI can even be taken to physical stores to offer consumers more immersive engagement with real-life products to leave a strong impression of the brand on their minds.

Millennials love AI

Thisis evident with the increasing acceptance of it in their interaction with brands, online and offline. So much so, that they are more than willing to trade personal data (a close-to-heart thing in the past) for personalised service as mentioned above. They also love it because it is within their personal space, not with some human assistant peering over their shoulder.

AI is here to stay and will only go from strength to strength in the coming years.

Shekhar Mhaskar

Vice-President, Isobar

Shekhar Mhaskar is the Vice President at Isobar and heads Creative and technology business verticals at Isobar. He is a computer engineer and following his heart, he has been part of the digital advertising industry for more than 2 decades with a varied experience in heading Digital SBUs at renowned agencies like Ogilvy One, Cheil Worldwide, and Maxus. He also earned the credit of being a successful entrepreneur before taking up the mandate at Isobar.
Leadership

The Difference Between Entrepreneurs Who Survive Crises and Those Who Don't

In a business world accelerated by AI, visibility alone is fragile. Here's how strategic silence and consistency can turn reputation into your most powerful asset.

Business News

Gold Prices Are Higher Than Ever. Here's How Much a Costco Gold Bar Purchased in 2024 Is Worth Today.

A one-ounce Costco bar is worth $870 more now than it was a year ago.

Business News

United Airlines Says It Is Adding Extra Flights in Case Spirit 'Suddenly Goes Out of Business'

Rival airlines, including United and Frontier, are adding new routes as Spirit cuts 12 cities from its schedule.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.

Leadership

Can Startup Founders Become Great CEOs? Here's What It Takes.

Startup founders CAN evolve into outstanding CEOs — rather than being replaced by them. Here's how.