Marketers Are Excited About GenAI, But Foggy On Business Impact
Filling the Gaps: Education and a Strong Tech Foundation
Education and training, she said, are critical to overcoming this obstacle as GenAI usage not only increases productivity but can also improve customer experience and drive business growth.
Marketers who fully embrace GenAI are seeing a strong return on investment, with around 90% finding success with personalization, customer satisfaction and retention, processing large data sets, and improving the accuracy of their predictive analytics. Some marketers are getting ready to take bigger swings with the technology, with one in five anticipating using it for immersive applications like adaptive virtual reality.
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Beyond education, other concerns are limiting adoption, with 61% of marketers worried about how it will impact their data security and privacy. That’s because while one-third of organizations have a comprehensive governance framework for their data management, only one in 10 have similar guidelines for the use of GenAI.
"A significant gap exists between the art of what is possible with GenAI for martech and what is being accomplished today," SAS head of martech solutions marketing Jonathan Moran said in a statement. "The research highlights that most organizations across industries have significant work to do around GenAI education and enablement as well as data governance and compliance — and performing that work will aid in fostering trust between brand and consumer when it comes to the application of AI for marketing and customer experience pursuits."