3 WaysMarketers AreUsingGenerative AI in 2023 to Slash Customer Acquisition Costs 2

Customers have taken a drastic shift to digital in recent times.For businesses, it means the need for rapid innovation of digital experiences to keep up with customers’ changing needs and rising expectations.For customers, it’s at least one less trip to a physical store – no more waiting in billing queues.

According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY. According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY.

According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY. According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY.

The new generation of customers builds trust based on the quality, responsiveness, and consistency of their experience with financial institutions.

According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY. According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY.

Naturally, online marketing plays a big role in shaping brands and expanding their reach to digital natives. However, strict privacy regulations, fierce competition, and changing expectations of customers drive up acquisition costs and impact return on marketing investments.

As we enter the cookie-less era, marketers are likely to face a lot of challenges, which would negatively impact their KPIs. From the steep rise in advertising costs to grappling with data privacy regulations, let’s look at some of the biggest challenges that marketers face today.

As a result, marketers have been rethinking their strategy andleveraging new-age tech like Generative AI in various ways to cut customer acquisition costs.

Challenges for Marketers

As we enter the cookie-less era, marketers are likely to face a lot of challenges, which would negatively impact their KPIs. From the steep rise in advertising costs to grappling with data privacy regulations, let’s look at some of the biggest challenges that marketers face today.

According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY. According to Insider, in 2022, Meta’s cost per thousand (CPM) increased by 61% YoY, reaching an average of $17.60. Meanwhile, Google also saw an increase in CPM of 75% YOY on display ads, while search ad cost-per-clicks (CPCs) were up by 14% YOY.

As we enter the cookie-less era, marketers are likely to face a lot of challenges, which would negatively impact their KPIs. From the steep rise in advertising costs to grappling with data privacy regulations, let’s look at some of the biggest challenges that marketers face today.

As we enter the cookie-less era, marketers are likely to face a lot of challenges, which would negatively impact their KPIs. From the steep rise in advertising costs to grappling with data privacy regulations, let’s look at some of the biggest challenges that marketers face today.

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