The WARC Podcast

Consumer Trends: Using AI and Multigenerational households in the US

5 snips
Sep 5, 2024
Chan Suh, Chief Digital Officer at Prophet, and Luke Roberts, Strategy Director at Alma Miami, dive into how AI reshapes the consumer shopping landscape. They discuss the rising demand for personalized experiences and the power dynamics shifting as consumers negotiate directly with brands. The conversation shifts to the growing trend of multigenerational households, emphasizing its impact on consumer behavior. The guests highlight the importance of understanding family dynamics to create products that foster social interactions, adapting marketing strategies to these changes.
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INSIGHT

AI Scales Customer Journey Fixes

  • AI lets brands analyze customer journeys at scale to fix many experience issues quickly.
  • This expands what companies can optimize beyond slow, guess-driven fixes.
ADVICE

Balance Personalization With Privacy

  • Balance personalization with transparent data protections to earn customer trust.
  • Offer clear value in exchange for data and make reuse intentions explicit.
INSIGHT

Consumers Will Negotiate With Seller AI

  • Consumer-side AI will enable individuals to negotiate prices and deals with seller AI.
  • This could democratize negotiation once reserved for B2B or high-value purchases.
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