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Home Technology AI and Machine Learning

Up marketeer’s productivity by 40% using GenAI

FutureIoT Editors by FutureIoT Editors
April 4, 2024
Photo by Google DeepMind: https://www.pexels.com/photo/an-artist-s-illustration-of-artificial-intelligence-ai-this-illustration-depicts-language-models-which-generate-text-it-was-created-by-wes-cockx-as-part-of-the-visualising-ai-project-l-18069694/

Photo by Google DeepMind: https://www.pexels.com/photo/an-artist-s-illustration-of-artificial-intelligence-ai-this-illustration-depicts-language-models-which-generate-text-it-was-created-by-wes-cockx-as-part-of-the-visualising-ai-project-l-18069694/

IDC says applying generative artificial intelligence (GenAI) to a range of enterprise marketing tasks will result in an estimated productivity increase of more than 40% by 2029.

Gerry Murray

"In the next five years, GenAI will advance to the point where it will handle more than 40% of the work of specific marketing roles," said Gerry Murray, research director of IDC's enterprise marketing technology practice. "Because of the rapid evolution of GenAI capabilities, marketing leaders must prepare their staff for fundamental changes to roles, skills, and organisational structure."

The model

To calculate the potential impact of GenAI capabilities on marketing, IDC modelled the work of 24 key marketing roles across five main categories of work – management and planning, branding and creative services, campaign and engagement, and analytics and reporting.

IDC then estimated how much of each category of work could be delegated to GenAI over the next five years. Combined with staffing levels and fully loaded cost estimates, IDC then calculated the productivity impact of adopting GenAI throughout a large marketing team.

The results show that GenAI can handle more than 40% of the collective work of marketing teams and potentially 100% of specific marketing tasks. While the benefits of applying GenAI to marketing tasks will vary by company based on the number of individuals associated with each role and the salary ranges at the organisation, the productivity gains (as a percentage of work) offer strong guidance for marketing teams of all sizes.

Recommendations for tech buyers

  • Evaluate the breadth and depth of discrete use cases vendors support today, and in the future, as use cases will directly translate into business outcomes and create strong economic justification for investment.
  • Buyers should also focus on how effectively a vendor's architecture, tooling, and service resources accelerate the journey down that use case road map.
  • Determine the level of infrastructure required to support each type of work.
  • Implement AI capabilities from the data layer up, not from the task automation layer down. Every instance of GenAI in a commercial enterprise should share common services for data, governance, security, and so forth.
  • Prepare staff (and organisations) for fundamental job changes, which may necessitate upskilling, reorganisation, elimination of some job titles, expansion of other job titles, and the creation of entirely new career paths.
  • Prepare your data. Organisations that do not have real-time, clean, governed data sets will not be able to take full advantage of this new generation of marketing technology.
Related:  APAC warehouse workers calling for automation
Tags: GenAIGenerative AIIDCmarketing solutions
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