Me, Myself, and AI cover image

Me, Myself, and AI

Marketing With Generative AI: Harvard Business School’s Ayelet Israeli

Nov 7, 2023
Ayelet Israeli, assistant professor at Harvard Business School, discusses the opportunities and limitations of generative AI in market research. She explores how AI can simulate focus groups and surveys, reducing time and cost. They also discuss the rationality of marketing strategies and the challenge of finding extreme ideas. Israeli highlights the potential of AI in addressing bias and generating unbiased outcomes, mentioning the improvement in AI models over time.
34:33

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Generative AI, specifically GPT, can be used for market research to extract consumer preferences, providing a cost-effective and efficient way to gather valuable consumer data.
  • GPT offers a valuable and cost-saving tool for gathering consumer preferences, augmenting human insights in marketing and decision-making processes while requiring ongoing human involvement and validation of results.

Deep dives

Using GPT for Market Research

The podcast episode discusses how generative AI, specifically GPT, can be used for market research. The guest, Ayelith Israeli, talks about her research on leveraging GPT to extract consumer preferences. By asking GPT questions and analyzing its responses, the researchers were able to gain insights into consumer behavior and preferences for different products. They found that GPT could generate responses that aligned with traditional survey results and even provided willingness-to-pay estimates for attributes like fluoride in toothpaste. While GPT is not meant to replace human research, it offers a cost-effective and efficient way to gather valuable consumer data.

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