5 WAYS INFLUENCER MARKETING WILL EVOLVE IN 2020

NEIL WALLER | January 2, 2020

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With estimates predicting that influencer marketing spending might double in 2020 route to becoming a projected $15 billion market by 2022 it’s a good bet that influencers will be moving further up the priority lists of many brand marketers. Importantly, this growth will come from brands investing in influencer marketing for the first time, in addition to existing brands that have experienced strong returns and are expanding their investments accordingly.

Spotlight

Windchimes Communication

This social media agency provides innovative solutions for brand marketing and social media management. Its services include social media marketing and consulting, online reputation management, online community engagement, social media for HR and corporate solutions. The kind of innovation this firm offers is going to bring in more exposure to this firm in 2015.

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AI predicted to futureproof the influencer industry

Article | August 13, 2020

We’re now living in a world dominated by technology and digitisation. Whatever the business or industry may be, technology is sure to be at the heart of it, and if it isn’t already, it will be very soon. Thanks to the effects of the coronavirus pandemic, the entire world has been thrust into upping the ante when it comes to living much more digitally and often, virtually. Not only are our usual get togethers being replaced by Zoom and FaceTime calls, but we are finding ourselves surrounded by technology in all aspects of life, and this will only continue. Social media influencers kept the entire nation entertained throughout each and every lockdown, but now we’re seeing an influx in the number of virtual influencers filling our social media feeds, too. Amelia Neate, Senior Manager at Influencer Matchmaker explains the role of AI within the influencer marketing industry and what we can expect from it, both now and in the future. The rise of artificial intelligence With the influencer marketing industry set to grow by 15% on a global scale, it is important for brands, agencies and influencers alike to adapt to the current times in order to see progression and boost sales. Artificial intelligence (AI) isn’t something we would necessarily associate with influencer marketing, but it is fast becoming a crucial aspect of many industries and businesses. And with that in mind, it is something we must utilise and understand, rather than shy away from. Thanks to the effects of 2020, we have been forced to completely digitise our businesses quicker than we could have thought possible – but we did it, as did everybody else. And with an influx of technologies becoming available to us, we’re able to develop our businesses and industries even further. Although an unlikely partnership, AI-powered tools and influencer marketing could become quite the powerhouse, changing the landscape entirely. AI and influencer marketing agencies The relationship between artificial intelligence and influencer marketing has the potential to be quite literally, ground-breaking. If used correctly, AI can be used to streamline the jobs of marketers and agencies, allowing them to focus on the human elements within influencer marketing. Artificial intelligence can home in on problem-solving, data analysis and research, leaving the influencer marketing strategies to us, the experts. AI-powered platforms can help agencies and brands identify fake followers, inauthentic engagement and unreliable social media influencers. As well as this, AI is able to process and detect relevant and valuable content, and with the help of machine learning (MI) and natural language processing (NLP), can revolutionise the way brands and agencies conduct the way in which they work. With the ability to generate likes, industries, demographics and interests of the influencer’s following, AI is not only beneficial for brands seeking to create collaborative campaigns, but also for influencers who are looking to understand their audience that little bit more. By developing a better understanding of their audience and social media followers, influencers are able to ensure the content they put out is relevant and useful. This in turn, helps brands decide who they should work with. Measuring success with AI Not only can AI, MI and NLP help with the start of an influencer marketing campaign, but they also have the ability to collect data, analyse results and measure the levels of success. Monitoring the results and performance of an influencer marketing campaign can be quite the task, and by using AI-powered tools, we are able to measure its success and more importantly, the return on investment (ROI). Analysing a creator’s content and metrics, artificial intelligence is also able to examine the likes, comments, engagements rates and even conversion rates of a post, in whatever format. AI has the power to predict ROI through performance benchmarking and forecasts, providing both influencers and brands with an estimated result based on their desired objectives. A vision for the future As we continue to see a rise in the use of artificial intelligence within the influencer marketing industry, we can also expect to see an influx in the number of virtual influencers filling our social media feeds. Yes, you read that right – virtual influencers are becoming a force to be reckoned with, competing against the likes of real-life influencers. Despite the fact that they don’t really exist, these influencers have most definitely made their mark on the industry, some of which have even worked with global brands such as Nike and Fenty Beauty. This new wave of CGI influencer is fictional and generated by computers, however they have very realistic characteristics as well as the personalities of humans, and what’s more, brands are lining up to work with them. It isn’t just virtual influencers that are becoming much more prominent as we enter a new decade of influencer marketing, though. Virtual assistants are now a part of the influencer marketing industry, too. Whilst we may not typically associate Amazon’s Alexa or it's Google competitor with influencer marketing, they are in fact, influencers in a whole new form. Now, consumers use their virtual assistants to ask for advice, or for product recommendations and for those that have one at home, they become a live-in influencer. Supporting brands and businesses within the retail industry in particular, just how much more will we see of virtual assistants as influencers? Only time will tell, and we can’t wait to find out. Whilst it may seem like AI can take over the roles of us as humans, it simply cannot replace the work we do, but rather, enhance it. If influencer marketing agencies utilise the tools available to us in the form of artificial intelligence, it allows us to streamline our processes, work closely with other people and focus on what we do best - building long-lasting relationships and partnerships whilst creating innovative and impactful campaigns.

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Spotlight

Windchimes Communication

This social media agency provides innovative solutions for brand marketing and social media management. Its services include social media marketing and consulting, online reputation management, online community engagement, social media for HR and corporate solutions. The kind of innovation this firm offers is going to bring in more exposure to this firm in 2015.

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