59% of US marketers state that Generative AI will be more important following Google’s announcement that it will no longer remove all third-party cookies from browsers, reveals a new study from PrimeAudience. In addition, a significant 9 in 10 marketers plan to increase their marketing spend on Generative AI next year by at least 5%, with over half planning to boost budgets by 16%.
Marketing Tech Insights: Mitel Unveils AI-Powered Customer Experience Platform
“Google’s most recent announcement highlights the unpredictability of the industry, but by shifting focus towards Generative AI tools, marketers will be in a better position to withstand its uncertainty. We are only scratching the surface of the true benefit of this technology on audience targeting and beyond.”
PrimeAudience, a company dedicated to elevating audience targeting with AI-enhanced precision, completed this survey in collaboration with independent research company Censuswide. They partnered to survey 251 US marketers in September 2024 to understand how they plan to utilize Generative AI in future marketing efforts.
The impact
Marketers are already using Generative AI and seeing results in their marketing. In fact, 85% state that the technology benefits their marketing efforts. When asked what the top benefits are, 49% list better data analysis, while 45% and 43% respectively highlight improved audience targeting and more effective personalization capabilities.
Forward planning
When asked whether Generative AI has improved their marketing results, 87% of respondents felt confident it has. In addition, 83% are confident that they have the right Generative AI tools in place to find new audiences.
“It is promising to see from this survey that the positive impact of Generative AI on marketing tools is being realised by US marketers,” commented Mateusz Rumiński, PrimeAudience VP of Product. “Google’s most recent announcement highlights the unpredictability of the industry, but by shifting focus towards Generative AI tools, marketers will be in a better position to withstand its uncertainty. We are only scratching the surface of the true benefit of this technology on audience targeting and beyond.”
*This data was collected by Censuswide between 5th September 2024 and 13th September 2024, following a survey of 251 US marketers and 250 marketers in the UK, who answered questions around the use of Generative AI both now, and in the coming year.
Marketing Tech Insights: Invideo Launches AI Tool for Seamless Video Creation
For media inquiries, you can write to our MarTech Newsroom at news@intentamplify.com
Source – Businesswire
