Why is Predictive Marketing Successful?

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Human beings are ever-changing. Our tastes, the decisions we make, and even our way of evaluating things change. All this is clear, but how do these changes affect businesses?

Companies know that users change rapidly, just as technology does, but they often fail to anticipate these changes and adapt their products and services. Fortunately, for both business owners and customers, marketing department employees are also making giant strides. Thanks to them, predictive marketing is already a reality and is emerging as a clear trend that can help meet the needs of both business owners and users.

What is predictive marketing?

You may be familiar with what predictive marketing is, but just in case, we'll provide a brief explanation here.

Predictive marketing is the ability to analyze a large amount of stored data. This stored data relates to users' tastes, interests, and concerns. With this information and with the help of powerful intelligence systems, predictions are made about how users' tastes, interests, and concerns will change. Furthermore, this allows for forecasting the life cycle of products and determining how long they will remain on the market.

One of the most well-known tools in predictive marketing is business intelligence  and Big Data , which are optimal for uncovering users' purchasing patterns. Big Data is also very useful for determining whether users are being sufficiently motivated to make purchases or whether a specific aspect needs to be emphasized to spark their interest.

So far, so good. So what's the problem? For many users, these techniques  violate  their right to privacy, since all this data is obtained, for example, through your daily Google searches.

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Advantages of predictive marketing

This is all very well, but why is predictive marketing really successful? Basically, it's because of the numerous advantages it offers brands regarding user behavior.

  • First, the use of predictive marketing helps you fine-tune your advertising . This means that you, as a company, will actually advertise to those users who are truly interested in your product. From the user's perspective, they will only receive the advertising they truly want to see, which will reduce their saturation level and allow them to pay more attention to what is being advertised to them.

  • Secondly, and no less important, the predictions you make allow you to anticipate upcoming changes  and adapt your product or service to new trends. But that's not all: you can also adapt both the logistics and communications aspects, creating a perfect combination to reach the end user exactly as they want.

  • Consumer loyalty also increases for companies that implement predictive marketing. Predictive marketing helps companies fine-tune their targeting, ensuring that users are completely satisfied.

These are some of the advantages that predictive marketing currently offers, but there is still a long way to go and much research to be done to fully realize the potential that predictive marketing can offer.

As you can see, predictive marketing is already a reality these days. Are you up for joining this marketing trend? Or do you think it goes against users' right to privacy?

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