Tools and Technologies for Data Science in Marketing

prasathsankar7 25 views 11 slides Oct 04, 2024
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About This Presentation

Explore essential tools and technologies driving data science in marketing, enhancing customer insights, optimizing campaigns, and predicting trends for success.







Slide Content

Tools and Technologies for
In Marketing
@iabac.org

@iabac.org
Introduction to Data Science in Marketing
Data science is a multidisciplinary field that uses scientific methods,
processes, algorithms, and systems to extract knowledge and insights
from structured and unstructured data.
Importance of Data-Driven Decision-Making
Data-driven decision-making enables marketers to rely on factual
data rather than intuition, leading to more effective strategies and
campaigns.
Key Components of Data Science in Marketing:
Data Collection1. 2. Data Processing 3. Data Analysis 4. Data Interpretation

@iabac.org
Key Objectives of Data Science in Marketing
Enhance customer insights through data
analysis.
Optimize marketing campaigns by
targeting the right audience.
Predict market trends to stay ahead of
competitors.
Improve ROI through data-driven
strategies.
Foster personalized customer experiences
based on data insights.
data
Analysis
Aight
audience
Data-driven
Strategies
Competitors
Customer
Experience

@iabac.org
Essential Tools for Data Science
List of popular tools (e.g., Python, R, SQL).
Python: Versatile for data manipulation and machine learning.
R: Excellent for statistical analysis and visualization.
SQL: Essential for database management and data extraction.
Python Excel SAS SQL

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Data Visualization Tools
Data visualization is essential in transforming complex datasets into
easily digestible visual formats, enabling marketers to identify trends,
patterns, and insights quickly.
Effective visualization helps in communicating findings to stakeholders,
facilitating informed decision-making and strategic planning.
Popular Data Visualization Tools:
Tableau
Power BI
Google Data Studio

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Machine Learning in Marketing
Machine learning (ML) is a subset of artificial intelligence that enables
systems to learn and make decisions from data without explicit
programming.
Types of Machine Learning:
Supervised Learning: Involves training a model on labeled data to
predict outcomes (e.g., predicting customer churn).
1.
Unsupervised Learning: Involves finding patterns or groupings in data
without predefined labels (e.g., customer segmentation).
2.
Reinforcement Learning: A method where an agent learns to make
decisions by receiving feedback from its actions (e.g., optimizing ad
placements).
3.

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Big Data Technologies
Hadoop: An open-source framework that allows for the distributed processing of
large data sets across clusters of computers. It enables fault tolerance and
scalability.
1.
Apache Spark: A unified analytics engine for large-scale data processing, known for
its speed and ease of use. It supports various data processing tasks, including batch
processing, streaming, and machine learning.
2.
NoSQL Databases: Such as MongoDB and Cassandra, are designed to handle
unstructured and semi-structured data. They offer flexibility in data storage and
scalability.
3.
Importance of Big Data Technologies:
Real-time Data Processing1. 2. Scalability 3. Data Integration

@iabac.org
Challenges in Implementing Data Science
Common challenges faced in implementing
data science (data quality, integration issues,
talent shortage).
Strategies to overcome these challenges:
Establishing data governance frameworks.
Investing in training and upskilling
employees.
Collaborating with data science experts
and consultants.

Upcoming trends shaping the future of marketing:
Integration of AI and machine learning for
automation.
Increased focus on customer privacy and data
protection.
Use of augmented reality (AR) and virtual reality
(VR) in marketing strategies.
Growth of real-time analytics for instantaneous
decision-making.
Predictions on the future landscape of
marketing.
@iabac.org
Future Trends in Data Science and Marketing

@iabac.org
Importance of Certification and Continuous
Learning
Overview of IABAC certification offerings and
their benefits:
Recognized industry standards.
Access to valuable resources and
community support.
Enhances career prospects in the data-
driven marketing field.

@iabac.org
Thank You