Almost Timely News, 21 November 2021: The Widening AI Gap, 2022 Marketing Trends, SEO AMA :: View in Browser
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What’s On My Mind: What About the Gap?
No, not the clothing store.
The gap between the technological haves and have-nots. There are so many interesting problems, interesting challenges out there in the world to solve, so many applications of stuff like analytics, data science, and machine learning.
And most of those problems will go unsolved. Not because the technology does not exist, or even that the data does not exist, but because the ability to access it is out of reach for a lot of businesses.
In the era before popular, commercial use of machine learning, success in business was largely a combination of effort and luck. Effort encompasses the skill needed to make a good product and sell it well, and luck encompasses being in the right place at the right time, whether you’re the local burger joint or a multinational corporation
Today, data science, machine learning, and AI have thrown a bit of a wrinkle into this. So much of our lives are intermediated by machines and machine learning. What products we see, what ads we see, what news we see, what friends we see in the digital realm – which is the primary realm now for so many of these tasks ever since the smartphone became our external brains – are all controlled by machines and algorithms.
Those folks who have access to the technologies that can reverse-engineer these algorithms and find out what works will have a decided advantage over those folks who cannot. And that will mean larger companies, with more access to resources, talent, and budget, will have a greater advantage over most smaller companies. That’s a huge gap to close.
Here’s an example. A friend of mine is starting to build out a Tiktok account for her florist shop. She’s a tiny, solo proprietor up against some of the biggest household names in her industry, but those household names aren’t doing a particularly good job of understanding or using Tiktok well. I’ve started extracting data from Tiktok with all the major floral hashtags and building a model for her that indicates what topics and hashtags to use, and I anticipate she’ll be able to get better than average results from that analysis.
In the example above, IBM Watson Studio found that of the language features in the dataset, posts about tulips outperformed posts about other flowers – not something I would have expected! Frankly, I expected roses to do the best.
But what if she didn’t know me? What if I didn’t have time once a month or so on a Saturday night to pull the data for her and process it? She wouldn’t have access to any of this data or technology, and thus the household names – despite their mediocre efforts – would be able to win more easily.
This is the challenge that many, many businesses are going to face in the coming years, and I don’t have a good answer for how they can level the playing field. For a while, the Internet presented a level playing field where a small business could appear larger than it was, where relevance and not budget could win the day. That 20-year golden era of Internet marketing – 1997-2017 – has been supplanted by the AI-powered marketing era, and this is an era in which whoever has the technical resources to win will do so.
To be clear, having great products, good prices, and phenomenal service will still be fundamental to succeeding at business. No amount of AI will change a crap product, prices that aren’t competitive, or abusive service and get people to buy, long-term, who would not have bought before. But becoming visible, being seen, will be harder for those without skillful use of AI.
The only thing I can suggest for now is that if you have analytical skills, if you have data science and machine learning capabilities, and you have local businesses or small businesses that you really like doing business with (or are friends with), consider donating some of your time and skills to help those businesses keep a level playing field against deeper-pocketed competitors. AI represents a considerable advantage and early adopters prolong that advantage over late adopters, so if you have businesses you truly love, help them out.
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ICYMI: In Case You Missed it
If I had to suggest only one of these articles to read from this week, it would be the piece on data needs for AI. You probably need less of it than you think.
- How Much Data Do You Need For Data Science and AI?
- What’s the Difference Between Social Media and New Media?
- So What? An SEO Ask Us Anything
- {PODCAST} In-Ear Insights: 2022 Marketing Trends
Skill Up With Free Classes
These are just a few of the free classes I have available over at the Trust Insights website that you can take.
- Fundamentals of Marketing Analytics (new!)
- How to Think About Google Analytics 4 (new!)
- Proving Social Media ROI
- Paradise by the Analytics Dashboard Light: How to Create Impactful Dashboards and Reports
- How to Deliver More Value as an Agency
Thank You Notes
These are the places you’ve had or mentioned me – on your podcast, on your blog, in your newsletter. Thank you!
- Listen to your customers, advises Christopher Penn, Co-Founder and Chief Data Scientist at TrustInsights.ai
- Content Marketing Analytics 101 (YouTube)
- Data-Driven PR with Prezly (YouTube)
- Diving into Data for Marketers – A.I., Google Updates, and More
What I’m Reading: Your Stuff
Let’s look at the most interesting content from around the web on topics you care about, some of which you might have even written.
Social Media Marketing
- 10 Social Media Analytics Tools that Will Do the Math For You
- How to Create a Successful TikTok Marketing Strategy for 2022
- New Report Suggests TikTok Will Surpass 1.5 Billion Users in 2022 via Social Media Today
Media and Content
- How To Fix 21 Content Creation Mistakes That Impact ROI
- Virtual Event PR Strategy via 4 Ways to Make Events Media-Friendly
- Two-thirds of consumers say fake reviews are a growing problem – what can your brand do? via Agility PR Solutions
SEO, Google, and Paid Media
- How To Calculate, Audit & Improve Bounce Rate For SEO Success
- How to Revive an Old Blog Article for SEO
- How SEO Testing Helps in Improving SEO Performance via Data Science Central
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Tools, Machine Learning, and AI
- SynapseML: A simple, multilingual, and massively parallel machine learning library via Microsoft Research
- Why AI investments fail to deliver via InfoWorld
- OpenAI makes GPT-3 more broadly available to developers via SiliconANGLE
Analytics, Stats, and Data Science
- 5 Applications for Corporate Text Analytics
- The Data Value Chain: data observabilitys missing link via Data Science Central
- Quantification of the Prioritization Matrix via Data Science Central
All Things IBM
- 5 Principles for Scaling Change from IBMs High School Innovation via HBS Working Knowledge
- IBM creates largest ever superconducting quantum computer via New Scientist
- Announcing the 2021 Call for Code Engagement Awards IBM Developer
Ad: Make Better Videos with Techsmith Camtasia
If you enjoy my videos, like You Ask, I Answer, Do Something With Your Marketing, Saturday Night Data Party, and many others, then consider using the platform I use to edit and publish them: Techsmith Camtasia. Camtasia is just the right balance between too easy and inflexible, like iMovie, and absurdly complex and expensive, like Adobe Premiere. It’s got just the right features, from subtitle editing to all the usual transitions and special effects, and it’s a desktop app, so there’s none of this crazy trying to “edit in the cloud” (which is insane for video production). If you need to produce videos, screencasts, and even animations, give Camtasia a try.
Good Reads, Long Reads, Interesting Stuff
- Automated Proctoring Swept In During Pandemic. Its Likely to Stick Around, Despite Concerns via EdSurge News
- Think Gen Z’s the Only Group Focused on Climate? Think Again
- The Pandemic Splintered the American Dream Into Four Versions
Fun, Games, and Entertainment
- Nvidia jumps 11% as gaming-fueled earnings, metaverse guidance spark renewed bullishness from retail traders via Markets Insider
- Voting for All 32 Categories in the 2021 American Music Awards Took Place on TikTok
- ‘Accessibility isnt just about the player’: A Q&A with gaming accessibility and sensitivity designer Joanna Blackhart via Digiday
Economics, Politics, Environment, and Society
- The US Economy Needs Time ‘to See Where Reality Is,’ Fed President Says
- 93% of Student-Loan Borrowers Are in Default After Pandemic Relief
- Can Wall Street’s ad tech love affair last? via Digiday
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How to Stay in Touch
Let’s make sure we’re connected in the places it suits you best. Here’s where you can find different content:
- My blog – daily videos, blog posts, and podcast episodes
- My YouTube channel – daily videos, conference talks, and all things video
- My company, Trust Insights – marketing analytics help
- My podcast, Marketing over Coffee – weekly episodes of what’s worth noting in marketing
- My second podcast, In-Ear Insights – the Trust Insights weekly podcast focused on data and analytics
- On Twitter – multiple daily updates of marketing news
- On LinkedIn – daily videos and news
- On Instagram – personal photos and travels
- My free Slack discussion forum, Analytics for Marketers – open conversations about marketing and analytics
Required Disclosures
Events with links have purchased sponsorships in this newsletter and as a result, I receive direct financial compensation for promoting them.
Advertisements in this newsletter have paid to be promoted, and as a result, I receive direct financial compensation for promoting them.
My company, Trust Insights, maintains business partnerships with companies including, but not limited to, IBM, Cisco Systems, Amazon, Talkwalker, MarketingProfs, MarketMuse, Agorapulse, Hubspot, Informa, Demandbase, The Marketing AI Institute, and others. While links shared from partners are not explicit endorsements, nor do they directly financially benefit Trust Insights, a commercial relationship exists for which Trust Insights may receive indirect financial benefit, and thus I may receive indirect financial benefit from them as well.
Thank You!
Thanks for subscribing and reading this far. I appreciate it. As always, thank you for your support, your attention, and your kindness.
See you next week,