Going beyond demo & psychographics to understand human motivations — Bryan Gernert // Resonate
- Part 1The current state of AI in data-driven marketing — Bryan Gernert // Resonate
- Part 2 Going beyond demo & psychographics to understand human motivations — Bryan Gernert // Resonate
Show Notes
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01:08Resonates journey and use of AIResonate was started 14 years ago in order to go beyond basic demographics to understand people at scale and why they make decisions. Theyve been leveraging AI for over a decade and witnessed an acceleration in AI's significance due to the explosion of generative AI.
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03:15Resonates integration of large language models into its solutionResonate has developed a capability where people can ask their platform and their data to tell them what is most important about any audience and receive relevant data. Although it's in the alpha stage, the feature is expected to be available to all customers within 90 days.
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05:18How Resonate approaches data collection and privacyResonate developed its own first-party ground truth of the US population via opt-in long-form surveys linked to real-world interactions and demographics. Their AI infrastructure helps to keep track of how whats important to consumers is changing.
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10:14Contextualizing behavior dataBehavioral data and other data sets serve as signals for Resonates models. Furthermore, they go a level deeper to understand the contextual nature of customer engagements in terms of whats most important and relevant to them during the engagement.
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11:57Leveraging consumer data for meaningful insights about their valuesResonate contextualizes its behavioral data based on what consumers engage with and their interests. They leverage NLP to understand consumer actions and preferences and figure out what matters most to consumers, how theyre changing, and make predictions.
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13:13Leveraging unstructured data for decision makingResonate collects a vast amount of unstructured data, including free text data, which they organize using natural language processing. This data is obtained from diverse sources, and the focus is on leveraging unstructured information to inform decision-making and modeling.
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14:07Resonate's approach to data analysis and precision modelingResonate is currently using generative AI and LLM models, but these models are primarily focused on understanding and contextualizing data. They use a combination of XGBoost and others to do precise modeling based on data input.
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15:46Overcoming early challenges in scaling data collection and infrastructureResonate initially faced challenges in data collection scalability and the cost of setting up its own hardware. But the evolution of hardware, software, and distributed computing has since provided the foundation necessary for Resonate's data-driven approach and AI capabilities.
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18:39Accelerating data driven marketing with AI insightsAI and data-driven marketing will enable more advanced starting points for tasks like segmentation and creative work. The knowledge for such tasks will be integrated into solutions, bringing marketers closer to the finish line in executing data-driven strategies and understanding consumer values.
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20:37Staying relevant in an AI and data driven marketing landscapeTo stay relevant as knowledge workers, individuals should adopt the "Four E's" approach: Embrace AI and technological advancements, Explore new possibilities and trends, Experiment with different approaches, and Execute strategies to adapt to the evolving landscape and maintain expertise.
Quotes
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"We've translated human language to zeros and ones and got a return in the human language we understand. So that's created a lot of buzz around what's possible with generative AI." - Bryan Gernert
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"Machine learning, neural networks, and what is now considered to be AI have been around for a long time. And we've been using AI for much more than a decade." - Bryan Gernert
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"There's no real way you can ask 230 million people what they value. So we've developed our own first-party ground truth, the US population. And that starts with asking hundreds of 1000s of people, lots of questions." - Bryan Gernert
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"I think the pandemic really opened up marketers' eyes to the fact that they can't do a segmentation strategy every two years." - Bryan Gernert
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"We see 30 billion consumer interactions on a daily basis. So we see how people are changing, or how their views are changing." - Bryan Gernert
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"The world has changed pretty dramatically that you can leverage unstructured data to inform decisions, modeling, and those types of things." - Bryan Gernert
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"The internet is the foundation of which I believe AI is the skyscraper that's going be built on top of this foundation. Without that foundation, the ability to leverage large compute and AI just wouldn't be possible." - Bryan Gernert
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"With AI, the things I thought were going to happen in five years are probably going to take two. And a lot of this has to do with unlocking the value of the data." - Bryan Gernert
- Part 1The current state of AI in data-driven marketing — Bryan Gernert // Resonate
- Part 2 Going beyond demo & psychographics to understand human motivations — Bryan Gernert // Resonate
Up Next:
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Part 1The current state of AI in data-driven marketing — Bryan Gernert // Resonate
Bryan Gernert, CEO of Resonate, explores understanding AI-driven insights in marketing and human motivation. While demographics initially provided a broad understanding of audiences for marketers, their limitations are painfully evident today. A more effective approach involves deeper audience segmentation that considers attributes like values, motivations, and preferences, using data-driven insights to precisely target individuals at a human level. Today, Bryan discusses going beyond demographics and psychographics to understand human motivation.
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Part 2Going beyond demo & psychographics to understand human motivations — Bryan Gernert // Resonate
Bryan Gernert, CEO of Resonate, explores understanding AI-driven insights in marketing and human motivation. As AI continues to evolve, it's not only about envisioning what's possible but actively shaping what you're doing on a daily basis. The current state of AI in data-driven marketing opens up an exciting path toward enhanced strategies and meaningful engagement with consumers. Today, Bryan discusses the current state of AI in data-driven marketing.