Consumer, consumer, consumer! That’s what should be at the heart of any business! Exploring opportunities, created by specific needs, and then addressing them in an effective and efficient way. So, let’s talk about consumer and marketing?
From a pacifist, this is a hard thing to say. But the biggest challenge from AI government side investment for the next 10 years is, probably, how to establish partnerships that will allow to generate civil business value from a tsunami investment in the military.
For context, think on how WWII transformed aerial transportation or the space-race shaped computing. That’s probably the way to think on this.
"Trust". "Trust" is the most important asset in a negotiation. It is the foundation in which any deal is based. If a party doesn't trust the other one, the deal won't happen - it will fall apart and crumble.
Any good salesperson (or any good business person) will tell you this. Yet, sometimes, and nowadays especifically, it seems to be forgotten.
Sustainability
in business is often only understood as merely a set of regulatory requirements
and reporting obligations – and at utmost, you should achieve simple
incremental gains annually. I believe this is a very narrow view that fails to
capture the true potential of sustainability as a strategic tool for companies.
Because if we choose to look at sustainability from a dynamic and value-driven
approach, we find sustainability can be about looking at a business through a
different dimension to find and unlock competitive advantages.
By viewing
sustainability as a lens through which to examine and reimagine business
operations, companies can uncover new opportunities for innovation, efficiency,
and growth. We start looking at supply and value chains and opportunities to
short them, improving cash flow, transportation costs and their footprint. We
view circular-economy as an opportunity to reduce waste and access raw
materials at improved cost. We unlock innovation opportunities for value-added
products, sometimes even creating new segments or markets. This approach
prompts organizations to rethink their processes, products, and services in
ways that not only reduce negative impacts but also create positive value for a
broader range of stakeholders.
When
sustainability is integrated into core business strategy, it can become a
powerful driver of competitive advantage. Companies that embrace this
perspective are better positioned to identify emerging market trends, manage
risks, and build stronger relationships with customers, employees, and
communities. They are more likely to develop innovative solutions that address
pressing global challenges while simultaneously improving their bottom line. In
essence, I believe this view of sustainability transforms it from a compliance
exercise into a catalyst for business transformation and success in an
ever-changing global landscape – and how can one not strive for people, planet
and growth opportunities?
I find it
passionate to work with Big Data and Gen AI! They share this very specific
trait – they know all the answers! Whatever you throw at Big Data pools or Gen
AI, they will answer you back – no question marks, no hesitations, no “I don’t
really know…”, “I need to find out more”,… They know it all! (It’s a bit like
talking to ourselves when we were 15 years-old, but let’s not go down that way)
Now, this
has an amazing consequence. More than ever, it highlights the importance of the
question. If you can have all the answers (and, by the way, the quality is
usually quite good, and it is constantly improving), then, the differentiators
are in the questions you ask! Strategy definition is not on the answers
anymore, but in the questions – and are you sure you are asking the right ones?
In Big Data
pools, I always advised you to first have it clear what you want to know,
instead of just looking at all the data, and trying to make sense of it. The
risk of getting lost is tremendous. And the same happens with Artificial
Intelligence – it will always give something back to you. If it is the right
thing you needed, well… it depends…
So, focus
on the question. Hone it. Own it. And never stop with the first one. Like in
data, you can keep digging more and more – and those constant, well-thought
questions, will keep on improving the quality of the outcome you get.
I was listening to the radio this morning
and suddenly it was Baz Luhrmann’s “Everybody’s free (to wear sunscreen)”
playing on. And of course, it hit me – because it is a song you don’t listen
often on radio, because it is a very different song and I like it and there was
something about it addressing “the class of 99” with advice for their next 20
years (so… around now, I would guess). But also, because wearing sunscreen is
really one of the simplest and best habits you can have for your health and skin,
if you commit to it daily and in the long run. And then my mind wandered, I was
thinking what advice would I give for someone for the next 20 years.
And I guess “Everybody’s free to commit to
lifelong learning” struck a chord in me. It’s probably the best long-term
advice I would give for the next 20 years (and, by the way, it’s exactly the
same advice I would give myself 20 years ago).
“If I could you only one tip for the
future, lifelong learning would be it,
Long-term benefits of lifelong learning
have been proved by scientists” (that’s an adaptation of the original song, by
the way)
The first benefit is exactly the one you
are thinking about. In a fast-paced and rapidly evolving job market, fueled by
innovation and technology advancements, required skills sets are quickly
changing. To stay relevant, and surf this continuous wave, one must embrace
education as an always-on activity, committing to learning new things, skills
and competences every day. Today we are talking about AI and Sustainability, 20
years ago we were speaking about Performance Marketing and E-Commerce, in 5
years-time we will be building on whatever new is coming.
Lifelong learning enhances career prospects
by expanding one's skill set and opening doors to new opportunities. It fosters
creativity and problem-solving abilities, enabling professionals to tackle
complex challenges in an ever-changing work environment – so, you can look at
things from different dimensions, and if you are lucky enough, even bridge
different experiences. But with this comes an additional benefit - it boosts
confidence and job satisfaction, as we feel more capable and valuable in our
roles.
But lifelong learning goes beyond career
prospects and our professional angles. It keeps the mind sharp, encourages
curiosity (and that’s probably one of the human brain’s greatest assets), and
cultivates a growth mindset. So, what I am saying here is that it also has a
positive impact on your cognitive health and overall well-being.
In
essence, committing to lifelong learning is an investment in oneself, ensuring
continued relevance, adaptability, and personal fulfillment in an increasingly
dynamic and tech-driven world.
But don’t forget. Life-long learning is
like wearing sunscreen. It requires daily long-term commitment. And trust me on
this.
We live in a very fast and evolving world – and
that is especially true in marketing. AI is actually changing the marketing
world in an incredible way. One dimension is about AI Agents. Because, in a
world where purchasing decision making is increasingly done by AI Agents,
marketing will necessarily need to be a lot about influencing robots. Not only
humans, but robots. And the question is, are we ready for this?
Don’t think this is in a distant future. In
some industries, it’s months away. In others, it is happening already! Think
about the way purchasing happens in financial markets or digital ads – you
basically brief the AI consols and they will automatically look for, buy (and
sometimes sell) assets, products or digital advertising space. And think about
commodity markets (power / electricity, insurance, banking,…) where there are
already agents that you can upload your data and latest bills, and the agents
will give you back the best providers and products for your profile – this is
already happening in Portugal and throughout Europe.
The impact of these purchasing-side agents on
marketing will be huge:
-Data-driven
approaches: AI agents will rely heavily on data for decision-making. Marketers
will need to ensure their products have robust, accurate, and easily accessible
data points that AI agents can analyze.
-Algorithm
optimization: Understanding and optimizing for the algorithms used by AI agents
will become crucial. This may involve tailoring product information and pricing
strategies to align with AI decision-making processes.
-API
integration: As buyer-side AI agent APIs become more prevalent, marketers will
need to develop strategies to interact effectively with these APIs, potentially
creating seller-side AI agents to broker interactions.
-Reputation
management: AI agents will likely prioritize factors such as reliability,
quality, and customer satisfaction. Maintaining a strong digital reputation
will be critical for influencing AI purchasing decisions.
I feel you have a question when reading this –
what about humans? Don’t worry. We still play (and will play) a significant
role. Despite the rise of AI agents, human oversight and intervention will
remain important – and don’t forget we will be the ones briefing the agents,
or, at very least, experiencing the products these agents will buy for us.
But we shouldn’t ignore this new dimension of
marketing that is rising. As Professor Pedro Moreno said yesterday at an IE
Business School session in Lisbon, we are seeing the dawn of RX –
Robot-Experience. As AI agents become more prevalent in purchasing decisions,
marketers will need to develop new strategies and skills to effectively
influence these digital decision-makers while maintaining ethical standards and
adaptability.
In a recent
PwC study, it became clear that in an era of unprecedented transformation,
businesses face a critical juncture. A staggering 42% of CEOs believe their
companies won't survive the next decade without dramatic change, highlighting
the urgency for innovation and adaptation. This sentiment is echoed by the
majority of business leaders who recognize the need for a fundamental shift in
how value is created, delivered, and captured in the coming years.
I believe
that at the heart of this transformation lies a dynamic triangle of forces:
technology (particularly AI), sustainability, and people – and I think we are
all having the opportunity to witness firsthand how these elements can either
support or conflict with each other. The challenge – and opportunity – for
businesses lies in effectively managing this interplay to drive growth and
innovation.
Let’s look
at Gen AI as an example by itself. While 46% of CEOs believe Generative AI will
lead to greater productivity, only a fraction are currently reaping significant
gains from its adoption. Moreover, many leaders lack confidence in successfully
integrating AI into their company systems. This gap between potential and
realization underscores the need for strategic guidance in navigating the AI
landscape.
By aligning
people, technology, and sustainability, businesses can not only survive but
thrive in this new era. And as we stand at this crossroads, the question
becomes: How can each organization (and yours) harness these forces to create
sustainable growth and innovation?