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Home » Top Three Barriers To Marketing Success In 2024
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Top Three Barriers To Marketing Success In 2024

Press RoomBy Press Room20 June 20245 Mins Read
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Top Three Barriers To Marketing Success In 2024

Andrew Fingerman is the CEO of PhotoShelter, a leading digital asset management (DAM) software for brands and creative teams.

Today’s business owners demand hard proof that every dollar spent translates to tangible results—more customers, higher sales and, ultimately, bigger profits. This shift is forcing a complete overhaul of content strategies, where data is king.

If you’re a marketer, you can no longer rely on gut feelings or vague assumptions. You need to understand exactly who your audience is, what they care about and what makes them click. This means digging deep into analytics to uncover hidden patterns, data and insights.

AI is becoming an essential ally in this quest. It can sift through mountains of data to predict which content will perform best, helping you make smarter decisions about where to invest your resources. However, even the most advanced AI can’t replace the power of human creativity. It takes both data-driven insights and a touch of magic to create content that not only grabs attention but also drives real business growth.

The future of marketing is here, and it’s all about striking the perfect balance between AI and human ingenuity.

Increasing Demand For ROI Data Before Unlocking Budgets

Gone are the days of the “grow-at-all-costs” mentality in content development for social channels. Marketers used to flood platforms with content, hoping some of it would stick. Now, always-hungry audiences are still demanding more, yet producing content just for the sake of it and measuring success by likes, shares and comments might miss the real targets.

Today’s CMOs want credible data that clearly demonstrates the ROI of content investments. They need to see how clicks translate to conversions. If you can show that your content drives real results with solid performance data, you’ll likely get the budget you need. Tools that measure impact and provide clear evidence of success are becoming essential.

A good idea will no longer suffice. CMOs are looking for complete strategies that include expected performance outcomes and detailed plans for adaptation. It’s crucial to outline not only what you intend to achieve but also how you plan to measure success and adjust tactics in response to data.

For instance, a comprehensive content strategy might include projections for engagement metrics, conversion rates and customer acquisition costs. By setting clear benchmarks and regularly reviewing performance against these targets, you can make informed decisions about where to allocate resources. This proactive approach ensures that content initiatives are not only creative but also strategically sound and capable of delivering the desired ROI.

Growing Content Authenticity Concerns With Generative AI

The rise of generative AI has sparked a revolution in content creation, offering marketers and creatives unprecedented efficiency and imaginative potential. While many in the industry still champion authentic, human-crafted content, there’s a growing interest in leveraging AI to amplify these efforts.

However, significant reservations temper this enthusiasm. Our January 2024 survey found that 66% of marketers are concerned about the ethical implications of AI-generated content, while 71% worry about maintaining transparency with their audiences. These concerns aren’t unfounded. The ability of AI to generate convincing yet potentially misleading content poses a real threat to brand reputation.

Content verification technologies offer a way to ensure authenticity and compliance. As we move forward, the challenge will be to find a harmonious balance between AI’s efficiency and the ethical considerations that are essential for building trust with consumers. In 2024, we can expect a fascinating evolution in the marketing landscape as brands navigate the complexities of AI-generated content while upholding their commitment to transparency and integrity.

One promising solution lies in the development of watermarking techniques for AI-generated content. By subtly embedding markers within AI-created text or images, brands can signal to consumers that the content has been partially or fully AI-generated.

Making Sense Of Performance Data To Improve Content Development

As the demand for more personalized and effective content grows, marketers focus on quality over quantity. They’re leveraging performance data to pinpoint what resonates most with their audience, tailoring content to specific needs and preferences. This data-driven approach not only demonstrates ROI to CMOs—a growing demand in the industry—but also ensures every piece of content serves a strategic purpose.

For example, if a brand discovers that its audience favors video over blogs, it can strategically shift investments toward video production and distribution—using data to continuously track, refine and optimize its approach for maximum impact.

Many marketers are taking this a step further by embracing predictive analytics. By analyzing historical patterns in data, predictive analytics can forecast the likely success of future content—enabling smarter resource allocation and prioritizing initiatives with the highest potential for engagement and conversions.

The Future Of Content: AI And Human Creativity In Harmony

The future of content creation thrives on the synergy between AI and human creativity. While AI streamlines repetitive tasks and generates initial drafts, human input remains essential for crafting truly compelling and relatable content. This powerful combination allows marketers to scale their efforts without sacrificing the quality that modern audiences demand.

We’re already witnessing brands experiment with AI to personalize content at scale, tailoring messages to individual preferences and behaviors. Yet the human touch ensures these messages feel authentic and emotionally resonant. As we move through 2024, we can anticipate even more sophisticated AI applications that enhance human creativity, leading to richer and more meaningful content experiences.

The democratization of AI-powered content creation tools empowers smaller brands and independent creators to compete with larger players, fostering greater diversity and innovation across the content landscape. The future of content is undeniably exciting, brimming with possibilities as AI and human ingenuity converge to shape a new era of communication.

Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?

Andrew Fingerman
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