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86% of Consumers Want Retailers to Make AI More Diverse, Equitable, and Inclusive, According to New Talkdesk Research

86% of Consumers Want Retailers to Make AI More Diverse, Equitable, and Inclusive, According to New Talkdesk Research

artificial intelligence 19 Jan 2024

The Talkdesk Bias & Ethical AI in Retail Survey spotlights how important responsible AI is to customers and what retailers need to start doing if they haven’t already

  • 79% of shoppers refrain from purchasing artificial intelligence (AI)-powered product recommendations because they are not customized to their interests.

  • 53% believe that AI-powered facial recognition software will lead to increased instances of racial discrimination.

  • 90% of shoppers believe retailers should be required to be transparent about how they are using customer data to inform their AI usage.

86% of consumers believe retailers should be taking steps to make artificial intelligence (AI) more diverse, equitable, and inclusive (DEI), according to the Talkdesk Bias & Ethical AI in Retail Survey, which provides insight into customer experiences and expectations in the ever-changing world of AI. This belief comes as 64% of shoppers say they have received an AI-powered product recommendation that did not match their preferences, interests, or previous shopping behaviors  a number that is even higher for Hispanic (72%) and Black (69%) shoppers. Meanwhile, 60% of shoppers avoid AI-fueled product recommendations because they are biased or stereotypical.

Talkdesk®, Inc., a global AI-powered contact center leader for enterprises of all sizes, surveyed 1,000 American shoppers, ages 18 to 54+, finding that ethical and transparent use of AI is top of mind. In fact, 44% of respondents worry that AI will make the shopping experience less inclusive because brands aren't deploying it responsibly, with Hispanic (50%) and Asian (52%) consumers most concerned, and only 39% believe retailers take into account diverse communities when using or developing AI products.

Additional findings from the report include:

Transparency is Key With AI and Customer Data Usage

  • 87% believe customers should have the right to access and review the data retailers have collected from them.
  • 80% of shoppers want retailers to explicitly seek their consent to use their data for AI.
  • 80% of shoppers would have more trust in product recommendations if retailers were transparent about their AI use.
  • Only 28% of shoppers are confident retailers have proper security measures to protect the data used to inform their AI technology or products.

Where Retailers Should Go From Here

  • Listen to what shoppers are saying. 71% have never purchased a recommended product because it makes them feel like a brand is monitoring them, and 45% are fearful their online shopping experience will no longer be personalized because retailers are not practicing responsible AI.
  • Listen to what shoppers are expecting. They want brands to start developing internal policies to guide the ethical use of AI (88% agree), monitoring, controlling, and mitigating AI bias (86% agree), as well as developing proactive communications to customers on their AI use and any potential biases in their services (83% agree).

Supporting Quote

Shannon Flanagan, general manager and vice president of Retail & Consumer Goods at Talkdesk, said: “The power of AI is undeniable as retailers increasingly leverage it to build stronger customer relationships and offer a more personalized shopping experience. That being said, without the proper commitment to responsible AI, it could have the power to do the exact opposite. Retailers operate in an environment where every single customer interaction matters. If their AI strategy does not ensure the application of this technology is responsible and ethical, they risk losing their customer base.”

BrightEdge Releases New Data, Shows Companies How Significantly Google’s New AI-Powered Search Engine Will Impact Their Business

BrightEdge Releases New Data, Shows Companies How Significantly Google’s New AI-Powered Search Engine Will Impact Their Business

artificial intelligence 19 Jan 2024

Based on the data, Google’s Search Generative Experience is poised to affect over $40 billion per year in ad revenue on Google

BrightEdge, the global leader in organic search, content and digital marketing automation, today released new data that highlights how significantly Google’s AI-enabled Search Generative Experience (SGE) launching soon will impact companies and their bottom line. According to the data, an estimated 84% of queries on Google Search will be boosted by generative AI. The data also shows that healthcare, e-commerce and B2B technology industries will be impacted the most significantly.

The business world is on the brink of a massive tectonic shift powered by generative AI that will completely change how brands market and sell their products. Google is expected to imminently go live with SGE, which uses AI to supercharge Search. Google will be able to analyze the context, sentiment, intent and nuances of each individual search, and in response, assert an opinion, telling users what to consider and care about.

For example, imagine a user searching for a specific car model. In the past, that query on Google Search might have shown results with links to a dealership website, car maker’s Wikipedia page, Carfax.com, Top Gear and Consumer Reports. The onus was on the consumer to do their research and form an opinion. Now, with SGE, the top result will be AI-generated content that will highlight key purchase considerations. In this case, that may look like high maintenance costs, poor gas mileage and supply chain constraints. This represents a fundamental shift in the way a search engine interacts with a user, moving from static queries to dynamic two-way conversations.

Since Google launched the beta version of SGE, BrightEdge has been piloting a new technology, BrightEdge Generative Parser™, that can accurately measure and track industry-by-industry patterns within SGE results as they happen. In order to determine how significantly SGE will impact search strategies by industry, BrightEdge has evaluated thousands of representative keywords spanning nine unique industries and a variety of markets. Here’s what the data reveals:

  • Healthcare: 76% of queries analyzed were impacted by SGE
  • Ecommerce: 49% of queries analyzed were impacted by SGE
  • B2B Tech: 48% of queries analyzed were impacted by SGE
  • Insurance: 45% of queries analyzed were impacted by SGE
  • Education: 44% of queries analyzed were impacted by SGE
  • Restaurants: 36% of queries analyzed were impacted by SGE
  • Entertainment: 36% of queries analyzed were impacted by SGE
  • Travel: 30% of queries analyzed were impacted by SGE
  • Finance: 17% of queries analyzed were impacted by SGE

Based on the data, it’s likely that once SGE goes live it will impact over $40 billion per year in ad revenue on Google for marketers.

“For nearly two decades, BrightEdge has been providing high-performing marketers with powerful technology solutions and innovations that evolve their businesses and digital strategies. Google’s AI-powered SGE is the biggest technological shift that our industry has seen to-date,” said Jim Yu, Founder and Executive Chairman of BrightEdge. “This moment in time marks an earth-shattering inflection point for the marketing industry in particular, which has relied on organic search strategies to reach customers and sell products since the invention of digital marketing. Understanding how a brand is exposed to SGE is not just a matter of curiosity for marketers it’s one of survival.”

“Think about the pervasiveness of Google Search; it’s the gateway to the Internet,” said Albert Gouyet, VP of Operations at BrightEdge. “Imagine how often you use it when you buy a new pair of running shoes, choose what movie to see over the weekend, decide where to take your family for spring break, or pick a restaurant for dinner. Almost every decision a consumer makes online will be influenced by the new search experience. As Google’s latest launch catapults us from query-driven search to conversation-driven, AI-enabled search, the data clearly shows that businesses need to prepare themselves for a Search revolution.”

Winterberry Group Announces Annual ‘Outlook’ for Estimated U.S. Ad & Marketing Spend in 2024 – Fueled by Digital Ad Growth, Connected TV, Data Infrastructure Demand & Election Cycle

Winterberry Group Announces Annual ‘Outlook’ for Estimated U.S. Ad & Marketing Spend in 2024 – Fueled by Digital Ad Growth, Connected TV, Data Infrastructure Demand & Election Cycle

digital marketing 19 Jan 2024

-Macroeconomic uncertainty constrains growth, evolution of identity creates impact on targeting and measurement-

Estimated overall ad spending in U.S. will post a robust 10.4-percent growth in 2024, reaching $570 billion fueled by $17 billion in political ad spending, and continued transformation of data-driven advertising, from connected television (CTV) to numerous digital ad channels where double-digit percentage growth is expected, according to Winterberry Group which announces today its “Outlook for Advertising, Marketing and Data 2024” research estimates. The new research also includes a recap of 2023 ad spending across online and offline media channels.

The predictions from the strategic consultancy also included a variety of business drivers and trends, from macroeconomic influences such as interest rates and unemployment, to advertising-specific concerns, among them the loss of third-party cookies as reliable household and individual identifiers for advertising, and their attempted replacement by a variety of technologies and techniques. For the 18th consecutive year, the research was announced by Bruce Biegel, senior managing partner, Winterberry Group at a Marketing Club of New York program in New York City.

“Nearly half the projected ad spend growth will be driven by the forthcoming election cycle,” Biegel said, noting that the campaign for U.S. President and Members of Congress – which likely will be divisive may dampen the ability of brands to connect with consumers, since brands tend to steer clear of ad-financing in media channels where controversy foments. “Still, the investment in data-driven channels will flourish where spending on data, data services and data infrastructure is predicted to top $36 billion in 2024, a 13.9-percent increase.”

“Another predominant trend is that retail media networks  with impact on display, search and social are expanding to become ‘commerce media networks,’ where platforms with significant first-party data are leveraged to support targeted, measurable business objectives,” Biegel said. “Underpinning this growth is the need for a fast data infrastructure the data layer that enables the application of AI-led intelligence for both the buy side and sell side.”

According to the Winterberry Group predictions, online spending will post growth of 14.9 percent to an estimated $368.8 billion while offline spending will reverse 2023 declines and record ad spend growth of 4.1 percent to $203.1 billion, primarily driven by the political and major event cycle, the Winterberry Group predicts.

Among trends identified in the research areas of focus include:

  • MACROECONOMICS: While a recession was averted in 2023 – continued high interest rates, inflation over target, and an uptick in unemployment – will stoke persistent uncertainty, dampening the outlook.
  • HOT DIGITAL GETS HOTTER: While “traditional” digital spend – display, search and social -- gets the lion-share of digital ad dollars, and should post double-digit growth again next year, the hottest categories are predicted to be CTV (30.4 percent growth), video (16.6 percent growth), and influencer (14.3 percent growth). Digital channels overall will account for 64% of ad spend.
  • THE DATA LAYER: Data is no longer (just) a channel play – data for direct mail, data for email, data for interest-based advertising online, data for addressable and connected television – but rather an enterprise-wide intelligence infrastructure that supports media mix modeling, omnichannel marketing, triggered marketing, targeting, attribution and other ad-focused measurements. Still, legacy customer relationship management systems mean data silos linger, and applied intelligence is hampered.
  • GENERATIVE AI AND MACHINE LEARNING: As privacy laws proliferate, at least at the state level for now, the new uptick in generative artificial intelligence (AI) adoption, and the machine learning that enables the algorithms that support creative versioning and 1:1 marketing will result in new regulatory scrutiny – bringing the potential for new data and AI restrictions. Advertisers and marketers will continue to invest in these tools, all the same.
  • NAME THAT IDENTIFIER: Agencies and brands are reassessing their media spend, as attribution becomes harder with the fading third-party cookie. A higher reliance on media mix modeling – and watching for incremental changes in sales, leads and traffic – and a renewed focus on attention metrics collectively should ensue.
  • OFFLINE WOES: Offline spending posted steeper declines than anticipated a year ago – with direct mail spend off by 9.8 percent in 2023, joining the print declines of magazine and newspapers. Unlike the latter print categories, however, direct mail spending should eke out a 1.5-percent increase this year.

Intellimize Empowers Marketers to Generate High-Converting Landing Pages in Seconds Using Generative AI

Intellimize Empowers Marketers to Generate High-Converting Landing Pages in Seconds Using Generative AI

artificial intelligence 19 Jan 2024

Leading experience optimization platform takes personalization to the next level with generative AI landing pages

Today, Intellimize, a leading AI experience optimization and personalization platform, proudly announces the launch of its latest feature, AI Landing Pages, an innovative feature designed to meet the ever-growing demand for personalized digital experiences.

In October 2023, Intellimize introduced Intellimize Landing Pages, empowering marketers to create personalized landing pages at scale. Building upon this success, AI Landing Pages takes personalization to new heights, providing the fastest and most efficient way to craft landing pages tailored to every persona, utilizing generative AI. Users simply select an existing page from their website to serve as a template for the new landing page, then prompt Intellimize's powerful AI on how to adjust messaging on the page.

The AI tailors the copy based on the target audience, persona, or specific target account, ensuring brand attributes are replicated on the page. Users don't need to compose full sentences; instead, they guide the AI with prompts for a personalized touch.

Once the AI generates a draft by rewriting text elements, users can review and refine the content. Intellimize's Visual Editor allows for easy customization, ensuring the final output aligns perfectly with the brand's voice and message.

"Scaling personalized landing pages has never been easier," says Guy Yalif, Co-Founder and CEO at Intellimize. "The release of AI Landing Pages represents our commitment to providing marketers with cutting-edge tools that continue to evolve as AI technology advances."

The release of AI Landing Pages enables customer-facing teams in sales and marketing to create sleek and personalized pages in seconds to leverage across an endless number of campaigns and use cases. AI Landing Pages empowers insightful experimentation without disrupting the base website and keeping standard marketing and branding guidelines in place.

"AI Landing Pages gives sales teams the ability to build pages for their named accounts or tier 1 ABM accounts really easily, allowing the marketing team to either review or giving sales teams full autonomy," said Tracy Sestili, Chief Revenue Officer at Intellimize.

Stova Appoints Event Technology Industry Veteran as New CEO to Drive Next Phase of Growth

Stova Appoints Event Technology Industry Veteran as New CEO to Drive Next Phase of Growth

technology 18 Jan 2024

Kirk Ziehm joins as CEO to drive Stova’s industry-leading event technology solutions

Stova, a leading event management technology platform, today announced the appointment of Kirk Ziehm as Chief Executive Officer. Kirk brings over 20 years of exceptional leadership experience to Stova, including significant go-to-market experience in event technology. Kirk joined Stova’s board in 2023 and will continue to be a board member in his new capacity as CEO. Most recently, Kirk served as CEO and board member of Movista, a retail execution SaaS company revolutionizing the way retail teams collaborate, and he will continue his involvement at Movista as a board member.

Eric Lochner, Stova’s outgoing CEO, led the company’s transition in which he integrated three industry leaders to create Stova’s comprehensive technology platform, launched a new brand, and led the company to its next stage of growth. Mr. Lochner will be leaving Stova to pursue new opportunities outside event technology. Eric remains an investor in Stova.

"Kirk is an accomplished software leader with incredible depth in event technology. We welcomed him to Stova’s board of directors in 2023, and he immediately demonstrated his understanding of the unique nuances of event technology and how to deliver success for customers. We are thrilled to bring him on as Stova’s new CEO to help drive the next phase of growth,” said Mike Biggee, Managing Partner of Sunstone Partners, Stova’s lead investor. “We are appreciative of the great contributions that Eric Lochner has made as CEO.”

"Stova is in a truly unique position in the event technology industry. We have the most comprehensive suite of event technology solutions that can deliver any event, regardless of size or complexity," said Ziehm. "I am thrilled to be joining Stova’s accomplished team at this inflection point in the company’s growth trajectory and the industry’s future, with changes in the entire event landscape post-Covid still being layered into a new normal. I look forward to working with our customers and our team to deliver excellence at any event scale, scope or complexity."

Perion Integrates Amazon Publisher Services (APS) Through the Vidazoo Platform to Expand Reach of High-Quality Demand to More Publishers

Perion Integrates Amazon Publisher Services (APS) Through the Vidazoo Platform to Expand Reach of High-Quality Demand to More Publishers

advertising 18 Jan 2024

The Vidazoo platform leverages APS’s unified auction to remove friction for publishers, provide demand through a server-to-server marketplace, reduce page load latency and improve user experience

Perion Network Ltd., connecting advertisers with consumers through technology across all major digital channels, announced today that it integrated its Vidazoo video monetization platform with Amazon Publisher Services (APS).

The integration includes two prominent APS services:

  • Transparent Ad Marketplace (TAM) - which enables Vidazoo to attract more publishers to its smart video monetization platform, forming direct integrations with publishers using a single server-to-server call.
  • Unified Ad Marketplace (UAM) - which enables multiple publisher connections through a unified service, a single integration and a reporting dashboard, enabling more publishers access to Vidazoo’s valuable demand.

Both of these industry-leading services will now enable APS-connected publishers to easily integrate and collaborate with the Vidazoo video platform. By doing so, Vidazoo will be poised to tap into a significant volume of premium demand from leading advertisers. Both APS and Vidazoo are committed to offering publishers complete transparency, control and brand safety, which this integration makes possible, all supported by Amazon Publisher Services’ scalable and efficient cloud infrastructure.

“Vidazoo platform is a central part of Perion’s diversified offering. This collaboration with Amazon Publisher Services will enable us to significantly advance our mission of working with the industry’s leading publishers and connecting them with premium advertisers,” said Tal Jacobson, CEO of Perion. “Today’s consumers demand lightning-fast page loads and virtually no latency. Connecting publishers via a single call, will bring satisfaction to users and improved performance and ROI lift to brands”.

“Vidazoo's recent integration of Amazon Publisher Services will help increase demand among APS-connected publishers, across both our Transparent Ad and Unified Ad Marketplaces. In addition to their robust display capabilities, Vidazoo's expertise in digital video, which spans diverse creative formats, will further enhance users' online experience and resulting publisher monetization.” said Bryan Everett, Global Head of Third-Party Demand, Amazon Publisher Services (APS).

The Vidazoo platform enhances publisher returns through advanced ad impressions, user engagement and revenue strategies. Vidazoo's unique video and display technology stack, alongside dedicated in-house teams for development, ad-ops and demand, positions it as a top-tier global monetization platform. As part of Perion, Vidazoo has expanded its reach and capabilities, continuously innovating across web and mobile. Perion is committed to driving the future of digital advertising with every impression.

TeamViewer Tensor Listed on Google Cloud Marketplace

TeamViewer Tensor Listed on Google Cloud Marketplace

technology 18 Jan 2024

TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced the inclusion of its flagship enterprise solution, TeamViewer Tensor, in the Google Cloud Marketplace, following a previous listing in the enterprise marketplaces of SAP and Microsoft.

Customers using Google Cloud Marketplace will now be able to benefit more easily from best-in-class remote support and management functionalities as well as a wide range of integrations and partners including Salesforce, ServiceDesk, Freshworks, Lansweeper, Malwarebytes and Ivanti Neurons, among others.

Alfredo Patron, Executive Vice President Business Development at TeamViewer, said: "Listing TeamViewer Tensor in key marketplaces such as Google Cloud, Microsoft and SAP confirms our position as the global de facto standard for remote connectivity, even in the enterprise segment. IT managers and procurement teams can now even more easily benefit from our secure, scalable and industry-proven capabilities. This underscores our commitment to leading solutions in the digital workspace and demonstrates the trusted relationship we have with our partners."

TeamViewer Tensor is a cloud-based enterprise remote connectivity solution with a focus on security, scalability, and ease of integration. Key features include high-end security protocols, broad device support, scalable deployment options, robust compliance and auditability as well as designated role management and access control. Tensor addresses diverse business needs such as remote access and support for IT and embedded devices, remote work, and AR-enabled assistance, making it a versatile choice for today's enterprise.

Precisely Launches PSYTE™ US Geodemographic Data, Enabling Businesses to Reach Their Ideal Audience

Precisely Launches PSYTE™ US Geodemographic Data, Enabling Businesses to Reach Their Ideal Audience

data management 18 Jan 2024

New segmentation data product, supercharged by the PreciselyID, helps provide premium levels of context for confident location-based targeting and decision-making

Precisely, the global leader in data integrity, today announced the launch of its PSYTE™ US geodemographic segmentation data product, providing easy-to-understand classification of populations in target geographies across all 50 U.S. states and the District of Columbia. Part of an extensive data enrichment portfolio, the product’s expertly curated dataset enables businesses to deepen customer relationships by providing personalized services, save time and money with more accurate audience targeting, and fuel confident decisions by uncovering greater levels of context from audience insights.

The dataset unlocks additional value through its integration with the PreciselyID, a unique and persistent identifier from Precisely that allows tagged addresses to be seamlessly linked to its comprehensive data enrichment portfolio.

Consumers increasingly expect the brands they engage with to offer a more relevant customer experience, with McKinsey reporting that 71% of consumers look for personalized communications. However, many organizations struggle with ever-growing volumes of data for useful customer insights particularly alongside the added pressure of staying compliant in an evolving regulatory landscape.

“The past few years have transformed the way in which people live, work, and travel – with companies challenged to derive meaningful insights from increasingly complex and multi-dimensional data,” said Dan Adams, SVP – Data Strategy & Operations at Precisely. “The PSYTE US geodemographic dataset helps simplify enrichment and access to insightful data, using proprietary techniques to help ensure that all foundational data is kept up-to-date, and accurately reflects the ever-changing nature of the US population.”

The new dataset can help businesses improve efficiencies through lower costs and greater time savings by leveraging geodemographic segmentation data with a rich understanding of the population in an area. Aggregated data can help accelerate insights on socio-economic and behavioral characteristics, helping to increase customer engagement and loyalty. The product also classifies segments into 12 lifestyle groups and 63 mutually exclusive neighborhood types that are easily identified by a common naming convention. This highly curated data from Precisely supports organizations in a wide variety of critical uses, including:

  • Customer Insights – better understand audiences based on lifestyle, interests and other factors needed for personalized marketing and product strategies.
  • Location Planning – analyze demographics of different vicinities when establishing the ideal location for new stores or services.
  • Investment Analytics - assess new markets for potential risks and opportunities based on economic and social conditions.
  • Logistics and Delivery Planning – identify preferences of selected audiences, to better manage stock levels and availability of products in different locations.
  • Emergency Planning – access insights into the demographics of specific regions for more effective governmental and public sector policy planning, emergency services deployment, route evacuations, and more.

“The addition of the PreciselyID exponentially increases the valuable insights derived through PSYTE US geodemographic data by allowing it to easily connect to over 400 Precisely datasets, containing more than 9,000 attributes,” said Adams. “It’s a powerful combination that provides premium levels of data context for organizations seeking to make confident location-based decisions.”

   

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