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Artificial intelligence (AI) and its implications for market knowledge in B2B marketing

Jeannette Paschen (Department of Industrial Marketing, KTH Royal Institute of Technology, Stockholm, Sweden)
Jan Kietzmann (Peter B. Gustavson School of Business, University of Victoria, Victoria, Canada)
Tim Christian Kietzmann (MRC Cognition and Brain Science Unit, University of Cambridge, Cambridge, UK)

Journal of Business & Industrial Marketing

ISSN: 0885-8624

Article publication date: 17 June 2019

Issue publication date: 7 October 2019

Abstract

Purpose

The purpose of this paper is to explain the technological phenomenon artificial intelligence (AI) and how it can contribute to knowledge-based marketing in B2B. Specifically, this paper describes the foundational building blocks of any artificial intelligence system and their interrelationships. This paper also discusses the implications of the different building blocks with respect to market knowledge in B2B marketing and outlines avenues for future research.

Design/methodology/approach

The paper is conceptual and proposes a framework to explicate the phenomenon AI and its building blocks. It further provides a structured discussion of how AI can contribute to different types of market knowledge critical for B2B marketing: customer knowledge, user knowledge and external market knowledge.

Findings

The paper explains AI from an input–processes–output lens and explicates the six foundational building blocks of any AI system. It also discussed how the combination of the building blocks transforms data into information and knowledge.

Practical implications

Aimed at general marketing executives, rather than AI specialists, this paper explains the phenomenon artificial intelligence, how it works and its relevance for the knowledge-based marketing in B2B firms. The paper highlights illustrative use cases to show how AI can impact B2B marketing functions.

Originality/value

The study conceptualizes the technological phenomenon artificial intelligence from a knowledge management perspective and contributes to the literature on knowledge management in the era of big data. It addresses calls for more scholarly research on AI and B2B marketing.

Keywords

Acknowledgements

This paper forms part of a special section “Emerging Technologies in Business and Industrial Marketing”, guest edited by Jeannette Paschen, Leyland Pitt and Jan Kietzmann.

Citation

Paschen, J., Kietzmann, J. and Kietzmann, T.C. (2019), "Artificial intelligence (AI) and its implications for market knowledge in B2B marketing", Journal of Business & Industrial Marketing, Vol. 34 No. 7, pp. 1410-1419. https://doi.org/10.1108/JBIM-10-2018-0295

Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited