Artificial Intelligence and the Advertising Industry

Businesses are investing increasing amounts of their money and resources into AIAI investment is forecast to approach $158 billion globally by 2025, more than tripling from the $47bn in 2022, according to Goldman SachsThis is a conservative estimate, as there are others that see AI market size worldwide getting to a whopping $2 trillion by 2030 (source: Next Move Strategy Consulting)Market interest in AI has increased dramatically, with more than 16% of companies sharing AI on their earning calls (Source: Goldman Sachs, FactSet, GS Data Works)AI-related investment could peak at more than 2% of GDP (source: Goldman Sachs)Now GenAI has taken the world by storm, businesses need to accelerate their AI strategies faster than ever just to survive.  What does all this mean for businesses and their digital marketing strategies❓  Let’s find out.Giammarco Rizzo is a leading business strategist who has worked 10+ years with leading strategy consulting firms (e.g., Accenture Strategy, Roland Berger), private equity firms (e.g., Permira, Advent), digital studios, start-ups incubators and large businesses in UK, Italy, the US and India.Over the last 2 years, he has been contracted by Tag, a global creative production house. As a business strategist, he has not only conducted extensive research on AI applied to the advertising industry, but he has also attended conferences (i.e. Adweek London ’22 and ’23, LXA ‘22), heard first-hand from established players (Meta, Amazon Ads, Google) and disruptive start-ups As an interim M&A Director, he currently vets 5-10 AI start-ups or scale-up companies for potential acquisition, and he sees on a daily basis, interacting with people working in creative production, how AI is impacting their world.As a business strategy consultant, Giammarco has also analysed the value chain of the EMEA top 50 Technology and Media companies to identify levers where clients can unlock value using Artificial Intelligence / Generative AI.Giammarco joined me to share his expertise on the impact of AI on the advertising industry.  Website: giammarcorizzo.comSupport the showIf you are leading your businesses strategic transformation and need greater clarity, stronger execution and measurable results, let’s connect.  🌎 Website: www.KieranGilmurray.com📅 Book a call: https://calendly.com/kierangilmurray/catch-up📘 Kieran Gilmurray | LinkedIn🌐 Substack: https://kierangilmurray.substack.com📕 Amazon https://tinyurl.com/MyBooksOnAmazonUK AI Transparency Notice:  This podcast uses a hybrid format. When an episode features one of Kieran Gilmurray’s written articles, the narration is generated using a synthetic clone of his voice via ElevenLabs AI (the underlying article text is entirely human-authored). Episode descriptions and summaries are assisted by AI and should be considered unedited by a human unless specified.