Why CMOs will fail in the age of AI — Amanda Cole // Bloomreach
- Part 1 Why CMOs will fail in the age of AI — Amanda Cole // Bloomreach
- Part 2How CMOs navigate complexities of digital — Amanda Cole // Bloomreach
Show Notes
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02:21The evolution of the CMO roleAs AI becomes more prevalent, CMOs must better incorporate storytelling and differentiation into their go-to-market strategies. They'll need a data-oriented foundation while fostering emotional connections with customers through compelling narratives.
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04:40The age of AI and its challenges for marketersConsumers and C-suite leaders understand the potential of AIs influence and impact but lack an understanding of its technological constraints. Consequently, marketers are facing pressure to integrate AI into their strategies, despite the misconceptions about its practical applications.
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07:37How to prioritize AI implementation as a CMOFocus on addressing scalability challenges within the organization, as AI fundamentally aids in scaling operations. AI offers CMOs the opportunity to significantly speed up the delivery of insights in terms of data analysis, a time-consuming process when done manually.
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09:37Automating win loss programs with AIWere approaching the point where AI can automate win-loss analysis through automated surveys. While were not there yet, its crucial to start understanding the capabilities of AI, and building strategies for evolving AI technology over the coming years.
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11:22AIs ability to unveil insights from dataAI can now quickly analyze data and provide answers to complex questions, such as identifying high-value customer segments. This is possible as a result of generative AIs ability to do cohort analysis and understand your channels.
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12:47Avoiding pitfalls in AI adoption for CMOsCMOs must take an active role in learning and using AI rather than leaving discovery to their teams. Failure to do so could result in missed opportunities and gaps in strategies as AI will be foundational to the CMO role going forward.
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14:52The critical role of data management for AIAI relies on data quality and integrations, making proactive data management essential for obtaining valuable insights and analytics in marketing. Neglecting to address data issues could hinder AI's ability to provide valuable insights for sound decision-making.
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16:25AI and the future role of the CMOCMOs will need to continue championing experimentation and innovation. However, prioritizing the areas requiring human intelligence while optimizing others for scale and automation will be the key to success in leveraging AI within marketing strategies.
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17:32Navigating multi touch attribution challenges in B2B marketing with AIAttribution in B2B marketing has been challenging due to complex sales cycles and multiple touchpoints. AI offers the potential for better insights by automating incremental improvements while allowing for bold, gut-driven strategies.
Quotes
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"As AI becomes more commonplace, CMOs must better incorporate storytelling and differentiation into their go-to-market exercises. The next evolution of the CMO role is being emotional with a super data-oriented foundation." - Amanda Cole
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"When considering AI implementation, start with where your organization is struggling to scale. At the end of the day, AI is an answer to scale issues." - Amanda Cole
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"We go through 1000s of calls and Salesforce opportunities, taking us weeks to pull together insights that we present to the company. That's something that AI can do in an hour, which is incredibly valuable." - Amanda Cole
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"As a CMO, don't leave the discovery of AI to your teams. We cannot be in a place where we leave the discovery, learning, and understanding of AI to somebody else, because its going to be foundational to our jobs." - Amanda Cole
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"The CMO role going forward is going to be ruthless prioritization on the things that need human intelligence, and optimizing everything else for scale and automation." - Amanda Cole
- Part 1 Why CMOs will fail in the age of AI — Amanda Cole // Bloomreach
- Part 2How CMOs navigate complexities of digital — Amanda Cole // Bloomreach
Up Next:
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Part 1Why CMOs will fail in the age of AI — Amanda Cole // Bloomreach
Amanda Cole, Chief Marketing Officer at Bloomreach, delves into the CMO’s role in the age of AI. The CMO role has shifted from traditional branding to a data-centric, analytical domain, demanding a blend of business metrics and performance marketing expertise. However, as technology like AI levels the playing field, CMOs will need to balance data-driven approaches with storytelling for success. Today, Amanda discusses why CMOs will fail in the age of AI.
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Part 2How CMOs navigate complexities of digital — Amanda Cole // Bloomreach
Amanda Cole, Chief Marketing Officer at Bloomreach, delves into the CMO’s role in the age of AI. In both B2B and B2C, CMOs are facing challenges in relation to finding the right applications and the explosion of channels like TikTok and Snapchat respectively. For CMOs, the challenge is a rapidly evolving landscape and the need for agile strategies to remain ahead. Today, Amanda discusses how CMOs navigate the complexities of digital.
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