Tuesday, 1 May 2018

Business.com/Matt D'Angelo: Former Apple CEO John Sculley Says AI is the Future of Marketing

Business.com

Former Apple CEO John Sculley Says AI is the Future of Marketing

By Matt D'Angelo
Business.com / Strategy / Last Modified: April 5, 2018
Share this

Sculley has helped build some of the largest brands on the planet, and he now believes that artificial intelligence is going to change the face of small business and marketing.

Marketing and advertising are two rapidly changing fields. The days of targeting wide swaths of people are waning. Instead, businesses are beginning to hone in on more specific audience groups.

Part of that transition involves embracing artificial intelligence. AI is expected to become a $30 billion industry by 2025, according to Statista.

John Sculley is someone at the forefront of this change. As the former CEO of Apple and former President of Pepsi, Sculley helped build corporate empires through innovative marketing strategies and strong leadership. Now he's applying those lessons to the current business landscape – as the co-founder of Zeta Global, Sculley is embracing AI technology and its market potential.

We recently spoke with Sculley about artificial intelligence, person-based marketing and the changing small business marketing landscape.

Q: How has artificial intelligence already changed the business landscape?

A: There are three different types of AI: Assistant Intelligence, like Waze, the smart GPS that has been incorporated into Google Maps. [It's] very task specific and already indispensable.

Then there is Autonomous Intelligence like self-driving automobiles ... where many sensors are giving the AI system instant feedback to self-navigate. [It's a] perfect example of machine learning from other machines. Still, more development is needed before full commercialization.

[Finally] there is Augmented Intelligence, where an AI system can do things that humans couldn't do on their own. New drug discovery is an example.

Q: How can small businesses and entrepreneurs implement artificial intelligence today?

A: Many marketing services are now embedding machine learning technology into their solutions. Many consumer companies are making the transition to personalized marketing. AI will be foundational for consumer products and services that want to target a specific consumer based on detailed personal data and match it with predictions of what might appeal to them. Oil and electricity fueled the 20th century world. Now smart data is the fuel for the 21st century world. 

Q: What impact does artificial intelligence have on small business marketing?

A: [It's] still early days with AI for small business. I expect small businesses will rapidly become big users over the next few years. Costs of AI are dropping. Ten years ago, the iPhone was new. So was Facebook, YouTube and many other disruptive products and services that we can hardly imagine how we could live life without [now]. In time, AI will become pervasive just like these other transformative innovations.

Q: What is person-based marketing?

A: Traditionally, marketers created advertising campaigns based on broad-themed selling propositions that targeted demographically defined audiences. Personalized marketing is entirely different. It starts by analyzing massive amounts of personalized data and scores a consumer's likes and dislike behavior to make predictions on what is the best marketing message for each individual consumer [to] motivate a potential customer to buy your product or service. Cloud-based computing and machine learning together have made it possible to customize marketing messages and instantly measure their effectiveness. If the first try doesn't do the job, then the system instantly recalculates and adjusts the offer.

Q: How is Zeta Global using AI to define the future of marketing?

A: When [CEO] David Steinberg and I co-founded Zeta Global 10 years ago, our vision was to revolutionize consumer marketing. Zeta Global now has 750 million profiled names and thousands of data points for each individual. We never sell personalized data. What we do is to enable some of the largest and most successful marketers with a powerful solution to maximize their marketing dollar investment. We are one of the largest and fastest growing personalized marketing companies in the world. AI is an important foundation within our platform.
Matt D'Angelo
Matt D’Angelo is a B2B Tech Staff Writer based in New York City. After graduating from James Madison University with a degree in Journalism, Matt gained experience as a copy editor and writer for newspapers and various online publications. Matt joined the Purch team in 2017 and covers technology for Business.com and Business News Daily.

How Does Your Business Stack Up? Get a Free Business Report Card!
Get My Report Card
Related Articles
See All Strategy Articles

    5 Ways to Incentivize Your Employees Without Spending a Dime
    Should You Choose Business Opportunity Ownership Over Franchising?
    How to Convince Your Company's CEO to Invest in Innovation

More Related Articles
Related Advice
See All Strategy Advice

    I have a billion dollar idea, but no money. What are my funding options?
    10 answers
    Do investors prefer a simplified or detailed business plan?
    10 answers
    How can I get investors to sign my "Confidential Disclosure Agreement"?
    9 answers

More Related Advice
Related Experts
See All Strategy Experts

    Taylor Perras
    Community Manager at Business.com
    See Profile
    Asif Razzaq
    Founder at MarkTechpost.com
    See Profile
    John Oda
    CEO/President at Profit Now Business Coaching
    See Profile

More Related Experts
Resources

    Expert Advice
    Expert Search
    Community
    Contribute Content
    Latest Content

Our Company

    About Purch
    Contact
    Careers
    Press
    Advertise With Us
    Privacy Policy
    Terms of Use
    Copyright Policy

Our Brands

    Top Ten Reviews
    Tom's Guide
    Laptop Mag
    Tom's Hardware
    Business News Daily
    Space.com
    Live Science
    Active Junky
    Shop Savvy

Join the Mailing List

Get our weekly newsletter and stay up-to-date on all things Small Business.
©2018 Purch
All Rights Reserved.

This site is made available for educational purposes only as well as to give you general information about business practices and strategy, not to provide specific business advice. Information provided on the Business.com website should not be used as a substitute for legal, accounting, real estate, business, tax, or other types of professional advice.

No comments: