The emergence of consumer-generated data and the growing availability of Machine Learning (ML) techniques are revolutionizing marketing practices. Marketers and researchers are far from having a thorough understanding of the broad range of opportunities ML applications offer in creating and maintaining a competitive business advantage. In this paper, we propose a taxonomy of ML use cases in marketing based on a systematic review of academic and business literature. We have identified 11 recurring use cases, organized in 4 homogeneous families which correspond to the fundamentals leverage areas of ML in marketing, namely: shopper fundamentals, consumption experience, decision making, and financial impact. We discuss the recurring patterns identified in the taxonomy and provide a conceptual framework for its interpretation and extension, highlighting practical implications for marketers and researchers.

De Mauro, A., Sestino, A., Bacconi, A., Machine Learning and Artificial Intelligence Use in Marketing: A General Taxonomy, <<ITALIAN JOURNAL OF MARKETING>>, 2022; 2022 (4): 439-457. [doi:10.1007/s43039-022-00057-w] [https://hdl.handle.net/10807/265076]

Machine Learning and Artificial Intelligence Use in Marketing: A General Taxonomy

Sestino, Andrea;
2022

Abstract

The emergence of consumer-generated data and the growing availability of Machine Learning (ML) techniques are revolutionizing marketing practices. Marketers and researchers are far from having a thorough understanding of the broad range of opportunities ML applications offer in creating and maintaining a competitive business advantage. In this paper, we propose a taxonomy of ML use cases in marketing based on a systematic review of academic and business literature. We have identified 11 recurring use cases, organized in 4 homogeneous families which correspond to the fundamentals leverage areas of ML in marketing, namely: shopper fundamentals, consumption experience, decision making, and financial impact. We discuss the recurring patterns identified in the taxonomy and provide a conceptual framework for its interpretation and extension, highlighting practical implications for marketers and researchers.
2022
Inglese
De Mauro, A., Sestino, A., Bacconi, A., Machine Learning and Artificial Intelligence Use in Marketing: A General Taxonomy, <<ITALIAN JOURNAL OF MARKETING>>, 2022; 2022 (4): 439-457. [doi:10.1007/s43039-022-00057-w] [https://hdl.handle.net/10807/265076]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/265076
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