What Role Can Generative AI Play in Marketing Effectiveness?

Tue, 12 Dec 2023 00:00:00 -0500
Leading Edge

The potential of generative AI to revolutionize marketing has been widely reported and discussed this year. McKinsey has estimated that gen AI could increase the productivity of the marketing function by a value between 5 and 15 percent of total marketing spend, while a Bloomberg Intelligence report suggested gen AI-driven ad spend is set to grow by 125 percent to $192 billion over the next 10 years.