Traditional marketing campaigns have always functioned by identifying and targeting the individuals most likely to want a particular product or service. Before the internet, this targeting was broad with advertising based on aspects such as what TV show, newspaper section, or magazine-type that specific demographics enjoy. But the internet and the advent of portable devices has transformed the industry and how digital marketing campaigns are designed.
Thanks to the internet, marketers area able to learn about – as well as target – consumers much more accurately. However, as the quantity of data rises so does the complexity of analysing it. In 2018, around 3.9 billion individuals were internet users. This number will increase to 5.3 billion by 2023. That’s far too much information for humans to process. This is why algorithms are increasingly essential.
Algorithms Are Able To Process A Lot Of Data And Provide More Accurate Targeting
Google describes an algorithm as “a process or set of rules that needs to be followed in calculations or other problem-solving operations, particularly by a computer”.
This sounds simple enough, however modern algorithms have proved so useful that they have grown dramatically in complexity and everyday usage. Their adoption isn’t particularly new either.
Driven by sectors such as social media and digital marketing, algorithms are now able to analyse more amounts data than ever before as well as better assess user preferences. The industries are often connected. For example, a recent report found 90% of businesses surveyed had increased visibility through social media, with 75% seeing a rise in traffic.
Algorithms are powerful tools which can sift through vast amounts of data and target and predict consumer interests more accurately than any traditional method. As a result, they provide new marketing insights and create new and improved ways of doing things.
How Algorithms Improve Digital Marketing Campaigns
One feature of digital marketing algorithms is their ability to personalise messages as well as information dependent on what is demographic that you’re looking into marketing towards. Algorithms are able to look at people’s attributes through their browsing history, compare these attributes to identity graphs, and successfully connect individuals into the right attributes for a certain digital marketing campaign.
It doesn’t need a login from the users, but still provides customised and individual information to consumers, speaking more particularly to that demographic or attribute. Algorithms can also utilise behavioural data to better capture a creative display to make use of along with your promotional materials in order to further drive sales and traffic.