AI Use Cases
Deliver "digital human" conversational interface with customers in physical locations
Marketing
Financial Services
Conduct "digital human" conversational interface with customers in physical locations (e.g. banks such as Natwest, soul machines). The aim is to provide effectively online functionality via some form of automated, robotic interface.
Manage brand reputation by scanning social media to discover references to the company or products or key individuals
Marketing
Financial Services
Manage brand reputation by scanning social media to discover references to the company or products or key individuals. This may be supported with sentiment analysis - although this can potentially be misleading (e.g. 'humorous' memes can be misinterpreted).
Identify and categorise known customers when they enter physical retail site to ensure prioritised service
Marketing
Financial Services
Identify and categorise known customers when they enter physical retail site to ensure prioritised service (e.g. alerting relationship management team to premier customers). This has to be carefully (and legally) managed to ensure customer sensitivities around product deployment,.
Enhance business relationship management through generating customer insight and personalised recommendations
Marketing
Financial Services
Enhance business relationship management through generating customer insight and personalised recommendations (improved information flow to operative through ML analysis / personalisation of product and proposition / recommendation - potential suppliers include Accenture, Squirro)
Optimise website paywall proposition to maximise subscriber conversion rates
Marketing
Consumer Goods And Services
Building subscriber income is a key part of many media publisher strategies - especially as print disappears, online advertising pricing pressure increases and 3rd party traffic generators like social media sites or search engines change their algorithms at will. Whilst these conversion rates are typically in low single percentage points any increase can drive significant revenue to the bottom line. Typically the models will score customer propensity to respond to different types of advertising and commercial propositions, perhaps at different times, and offer these up accordingly. For many sites this will also drive the cut-off moment for free access. This is a shift to a more flexible variant on traditional Freemium (some content is free, some paid for), Metered (a certain amount is free) or Hard (everything is charged for) models.
Subvert ad blocking software
Marketing
Consumer Goods And Services
In the race between online marketers and people keen to avoid being marketed to neural networks have been deployed to subvert ad blocking software (by, for example, working out which images might avoid being blocked). Ad blocking software has increasingly deep penetration amongst consumers which poses a challenge to online publishers. Subverting ad blockers is unlikely to be the last lap in this particular race.
Automate inventory management for products
Marketing
Consumer Goods And Services
Inventory Management - helping company calculate how many units are required where and when. This is precisely the sort of complex, data-rich, prediction-heavy closed loop where AI can potentially excel if the data tracking is accurate - so long as the unexpected does not intervene.
Customise media library catalogue images to drive user click through
Marketing
Consumer Goods And Services
Based on customer's media interests and viewing history, automate the creation of the media image (e.g. from a movie) that is most likely to drive click-through to the media product - although the technique has wider uses in optimising the purchase funnel in ecommerce.
Provide valuations of second hand products eg cars
Marketing
Consumer Goods And Services
Provide valuations of second hand products. Typically this will be based on market prices being applied to individual products offered for sale. Absent specific sample details prices these may be a base for negotiation rather than a fixed price (e.g. in second hand vehicles).
Personalise media content recommendations
Marketing
Consumer Goods And Services
Use customer behaviour pattern data to predict and recommend media content that customers will want to consume. This may be further optimised to business imperative - for example what will enhance likelihood of subscription renewal rather than instantaneous gratification.
Analyse market basket information to optimise cross-selling and upsell
Marketing
Consumer Goods And Services
Analysing the basket of products that consumers purchase - typically in one go but also on a broader timeline - provides ample data to enable predictions on potential cross-selling and repeat purchases.
Automate presentation (for example of news reading) on TV and other media
Marketing
Consumer Goods And Services
Being a news anchor involves the single task of reporting - essentially reading out a script. Therefore, AI can work for automating news presentation on TV and other media, using natural language generation and processing.
Classify visual information from in-store video to collect data on product placement, consumer activity for use in market research
Marketing
Consumer Goods And Services
Classify visual information from in-store video to collect data on product placement, consumer response and activity and other key data points for use in market research
Automate customer data capture
Marketing
Consumer Goods And Services
Automating the collection of customer data including product preferences, demographics, and personal information. This data may be collected under the guise of a loyalty program or app, with AI being used to extract the relevant information.
Create music
Marketing
Consumer Goods And Services
Musicians have historically used innovative ways to create their music, such as digital and electronic music - but the limit has always been their muse. Generative AI can be used to create songs, melodies, and instrumentation by being trained on previously recorded music. The results can be tuned to match artists' unique characteristic genre and style - for example creating music in the style of a long-dead master.
