The Evolution of Marketing in the AI Era and Preparing Your Toolkit
In the age of information, the marketing landscape has been fundamentally transformed by the emergence of data science and artificial intelligence/machine learning (AI/ML) technologies. This transformation has reshaped the tools and methodologies marketers employ and redefined how brands engage with their customers. It has resulted in a shift in marketing strategies from targeted advertising to more personalized customer experiences, as well as the usage of more data-driven, efficient, and impactful marketing practices. This book aims to give you the knowledge and skills that you will need to navigate and leverage this transformation. We will provide you with a comprehensive toolkit that will allow you to master data-driven marketing strategies, enhance customer engagement, and stay competitive in the evolving digital landscape.
In this chapter, we begin our journey through the evolution of marketing in the AI era, exploring the core data science and AI/ML techniques that are shaping the future of marketing. We will take a look at the history of marketing technologies, the rise of digital marketing, and the key role that AI/ML plays in revolutionizing the field.
This chapter will also guide you through setting up your Python environment, allowing you to implement AI/ML in your marketing projects, and will introduce you to the essential tools and libraries that will be used throughout this book. We will then walk through an end-to-end example demonstrating some basic best practices when developing an ML model. This foundational knowledge will give you insight into how you can navigate the complex yet exciting field of AI/ML-driven marketing, opening up new opportunities for innovation and growth in your marketing strategies.
In particular, we will cover the following topics in this chapter:
- The evolution of marketing with AI/ML
- Core data science techniques in marketing
- Setting up the Python environment for AI/ML projects
This foundational chapter sets the stage for the advanced discussions that follow, ensuring that you have the requisite knowledge and tools to fully engage with the AI/ML methodologies that will be explored in subsequent chapters.
