Promoted | TechCentral and Altron hosted a roundtable discussion that brought together C-level executives and top marketing leaders to delve into the evolving landscape of precision marketing and the transformative role of AI. Insights from this session highlighted practical strategies and next steps for optimising data-driven marketing approaches, bridging talent gaps, and aligning internal and external resources to drive impactful customer engagement. This is what transpired.
In today’s fast-evolving digital landscape, customers expect personalised, relevant experiences that speak directly to their needs and interests. At the recent Altron CMO Roundtable, hosted in partnership with TechCentral, C-level marketing executives and Heads of Marketing gathered to discuss how data, analytics, and AI are shaping the future of precision marketing. The roundtable theme, From Data to Decisions: Harnessing AI for Smarter Marketing, fostered an insightful conversation around the opportunities, challenges, and strategies to optimise revenue generation in a world where data and AI are key drivers of success, with participants sharing valuable insights into their current practices, challenges, and aspirations for the future of data-driven customer engagement.
Precision Marketing & AI: Current Realities
The roundtable opened with participants sharing their current approaches to precision marketing. Some marketing teams have successfully implemented data-driven strategies, while others are still in the early stages. Key challenges that emerged include:
Measuring Marketing’s Impact on Business Outcomes
Accurately measuring and communicating the impact of marketing on business outcomes remains a priority. Participants discussed strategies for translating campaign success into measurable, meaningful results that resonate with senior leadership. AI and data analytics play an increasingly central role in connecting marketing initiatives with revenue growth and customer lifetime value, but challenges remain in aligning these metrics with business goals.
One organisation demonstrated the benefits of integrating data professionals within their marketing team, including renaming the department to reflect its broader focus on revenue growth. This integration and data-driven approach has helped the organisation reframe their value proposition to gain a competitive edge, enabled them to optimise pricing strategies based on customer segmentation and price sensitivity and even monetise their data by sharing insights with clients. Other organisations are experimenting with AI-driven customer behaviour prediction models that allow for greater personalisation, which in turn enhances customer loyalty and drives measurable outcomes.
Participants also recognised the potential to monetise data beyond their own ecosystems, creating value for both organisations and their customers.
Addressing Talent and Skills Gaps
As marketing evolves to rely heavily on data and AI, the demand for data-savvy talent has become increasingly urgent. Participants highlighted the difficulty in recruiting individuals with the right combination of marketing and data skills. Many are addressing this gap through upskilling initiatives and strategic partnerships.
The discussion underscored the importance of a problem-centric approach to AI adoption, focusing on clear use cases rather than technology for its own sake. While generative AI tools like ChatGPT have democratised data analysis, their open-ended capabilities can sometimes overwhelm users, leading to “analysis paralysis.” Organisations are recognising the need for continuous education and effective prompt engineering to maximise the potential of these tools. Participants emphasised the value of structured training programs to build marketers’ confidence in using AI and data analytics. Suggestions included deploying AI champions within departments to provide hands-on support and creating experiential learning opportunities to develop skills through real-world applications.
Balancing Short-Term Execution with Long-Term Strategy
Balancing the immediate demands of campaign execution with a long-term strategic focus remains a significant challenge. Participants emphasised that while AI can streamline short-term processes, it also has the potential to drive broader, strategic objectives, such as customer journey mapping and lifecycle management.
To help marketing teams shift focus from day-to-day execution to long-term strategy, participants suggested embedding predictive analytics into campaign planning and investing in tools that enable automated decision-making. These tools can free up valuable time for marketers to concentrate on high-level objectives, such as brand differentiation and customer engagement.
Modernising Marketing Capabilities for the Future
Looking toward the future, the roundtable underscored the importance of modernising marketing capabilities to remain competitive in an AI-driven world. This involves not only upskilling teams in data and analytics but also rethinking the organisation’s approach to marketing. With data democratisation, there’s a need for organisations to establish clear data governance frameworks, ensure ethical data usage, and address intellectual property concerns associated with generative AI. Participants recognised the need for strong policies to guide ethical data sharing, protect customer privacy, and maintain brand integrity.
Participants also noted the evolving role of marketing agencies. As organisations gain direct access to data and insights, they increasingly view agencies as execution partners rather than strategic advisors. This shift is prompting many companies to bring strategy in-house while outsourcing campaign execution to agencies, ensuring that data insights align closely with internal brand and business objectives.
The Future of AI in Marketing: Challenges and Opportunities
A recurring theme was the potential for AI to transform the marketing function entirely. However, participants acknowledged that rapid AI advancements also introduce complexities, such as data protection and cybersecurity concerns. Additionally, while AI tools hold promise, their effectiveness relies heavily on human input. There is a growing need for marketing teams to feel comfortable using AI tools, and this may require a cultural shift that encourages curiosity, experimentation, and ongoing learning.
Participants also discussed the broader marketing ecosystem in South Africa, noting that while AI has the potential to drive collective growth across industries, a cohesive framework for data integration is lacking. There was a call for a national or industry-level framework to help South African companies harness data more effectively for the benefit of customers and the broader economy.
Ultimately, the future of precision marketing will require a balance of technical acumen, ethical considerations, and a deep understanding of the customer journey. By establishing strong data governance, fostering a culture of collaboration and continuous learning, building internal capacity, and being prepared for the evolving dynamics between in-house teams and external partners, organisations can harness the power of AI to drive impactful, data-driven marketing strategies that resonate with today’s increasingly discerning customers
TechCentral, in partnership with Altron Group, would like to thank all of those who participated in the roundtable discussion.
Get in touch and book a demo with our AI team: Contact Us