Application of Machine Learning Algorithms in Personalized Marketing

Thirumagal, P G and Kishore Bhattacharjee, Dr. and Dorbala, Rajesh and Palav, Manesh R. and S, Viji and Mahajan, Vaishali (2024) Application of Machine Learning Algorithms in Personalized Marketing. In: 2024 5th International Conference on Recent Trends in Computer Science and Technology (ICRTCST), Jamshedpur, India.

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Abstract

The win-win relationship between artificial intelligence and the cutting-edge field of targeted advertising. Companies nowadays are employing machine learning algorithms to develop targeted marketing strategies because they simply cannot afford to ignore their clients. This article delves into significant machine learning approaches such collaborative filtering, content-based filtering, clustering, and predictive modelling to illuminate their roles in offering personalised experiences. Examining real-world applications across many industries, such as e-commerce, social media, email marketing, and retail, highlights successful implementations. Although the piece focuses on the positives, such increased conversion rates and satisfied consumers, it also examines the negatives, like concerns about data privacy and algorithmic biases. The discusses the ethical concerns brought up by highly
personalised advertising and foresees future advances such as natural language processing and reinforcement learning. Lastly, this article provides excellent research on the ways in which machine learning algorithms have changed personalised marketing, which can help businesses adapt to the dynamic nature of customer engagement.

Item Type: Conference or Workshop Item (Paper)
Subjects: Management Studies > Marketing Management
Divisions: Management Studies
Depositing User: Mr IR Admin
Date Deposited: 07 Oct 2024 06:32
Last Modified: 07 Oct 2024 06:32
URI: https://ir.vistas.ac.in/id/eprint/9284

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