How artificial intelligence will change the future of marketing

• DOI: 10.1007/s11747-019-00696-0
• Publication Date: 2019-10-10T15:47:02Z
• Authors: Thomas Davenport; Abhijit Guha; Dhruv Grewal; Timna Bressgott
• Keywords: RISK; Ethics; CONSUMER; PERCEPTION; Artificial intelligence; GENDER-DIFFERENCES; bias; SERVICE ROBOTS; 05 social sciences; artificial intelligence; privacy; ethics; SELF; MODEL; Bias; Privacy; 0502 economics and business; robots; Marketing strategy; TECHNOLOGY; marketing strategy; Robots

AbstractIn the future, artificial intelligence (AI) is likely to substantially change both marketing strategies and customer behaviors. Building from not only extant research but also extensive interactions with practice, the authors propose a multidimensional framework for understanding the impact of AI involving intelligence levels, task types, and whether AI is embedded in a robot. Prior research typically addresses a subset of these dimensions; this paper integrates all three into a single framework. Next, the authors propose a research agenda that addresses not only how marketing strategies and customer behaviors will change in the future, but also highlights important policy questions relating to privacy, bias and ethics. Finally, the authors suggest AI will be more effective if it augments (rather than replaces) human managers.