Leveraging AI-enabled personalization in customer relationship management

Customer relationship management (CRM) became an important topic in both research and companies due to technological advancements such as the World Wide Web and innovations in customer database and data warehouse technologies. In today's competitive business landscape, where companies are seeki...

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Main Author: Karppanen, Vili
Other Authors: Jyväskylä University School of Business and Economics, Jyväskylän yliopiston kauppakorkeakoulu, Jyväskylän yliopisto, University of Jyväskylä
Format: Master's thesis
Language:eng
Published: 2024
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/96949
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author Karppanen, Vili
author2 Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Jyväskylän yliopisto University of Jyväskylä
author_facet Karppanen, Vili Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Jyväskylän yliopisto University of Jyväskylä Karppanen, Vili Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Jyväskylän yliopisto University of Jyväskylä
author_sort Karppanen, Vili
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description Customer relationship management (CRM) became an important topic in both research and companies due to technological advancements such as the World Wide Web and innovations in customer database and data warehouse technologies. In today's competitive business landscape, where companies are seeking new ways to differentiate themselves from competitors, one strategy is to implement an individualized CRM strategy that treats customers as unique individuals and relies on effective personalization. This thesis explores the role of personalization in CRM and how AI can enhance personalization. Especially generative AI’s effect on customer acquisition through creation of personalized content will be examined. Using the Stimulus-Organism-Response (SOR) framework, it is hypothesized that generative AI-personalized content (stimulus) influences perceived personalization, perceived value, and satisfaction (organisms), which then lead to purchase intentions (response). A quantitative methodology was adopted, collecting data from 65 participants through an online survey administered in Finnish. The findings indicate that generative AI-personalized content has a stronger impact on perceived personalization compared to non-personalized content, implying that generative AI can effectively be used in the personalization of marketing communications. Moreover, results suggest that perceived personalization enhances perceived value of the content, which in turn, positively affects customer satisfaction. Lastly, the results indicate that customer satisfaction has a positive relationship with purchase intentions. The study also identifies the role of involvement as a control variable influencing purchase intention. Based on this study, leveraging AI for personalization process can facilitate customer relationship initiation. Asiakkuudenhallinta (CRM) nousi merkittävään asemaan sekä tutkimuksessa että yrityksissä teknologisten innovaatioiden, kuten World Wide Webin sekä tietokantojen ja -varastojen kehittymisen myötä. Nykypäivän liiketoimintaympäristön intensiivisen kilpailun keskellä yritykset etsivät jatkuvasti uusia keinoja erottautua kilpailijoistaan. Yksi keino on yksilöidyn CRM- strategian käyttöönotto, jossa asiakkaita kohdellaan uniikkeina yksilöinä hyödyntämällä tehokasta personointia. Tämän tutkielman tarkoituksena on tarkastella personoinnin roolia CRM:ssä ja kuinka tekoälyä voidaan hyödyntää personoinnissa. Erityisesti markkinointisisällön personointi luovalla tekoälyllä ja sen vaikutukset asiakashankintaan ovat tarkastelun kohteena. Stimulus-Organism-Response (SOR) -mallin pohjalta tehtiin hypoteesit, että luovalla tekoälyllä luotu personoitu sisältö (ärsyke) vaikuttaa koettuun personointiin ja arvoon sekä tyytyväisyyteen (organismit), joka lopulta johtaa ostoaikomukseen (reaktio). Tutkimusmenetelmänä käytettiin määrällistä eli kvantitatiivista menetelmää. Suomeksi toteutettuun verkkokyselyyn osallistui 65 vastaajaa. Tuloksista voidaan päätellä, että luovalla tekoälyllä personoitu sisältö vaikuttaa voimakkaammin koettuun personointiin kuin personoimaton sisältö, mikä viittaa siihen, että luovaa tekoälyä on mahdollista hyödyntää markkinointiviestinnän personoinnin tehostamisessa. Lisäksi tulokset viittaavat siihen, että koettu personointi lisää asiakkaiden kokemaa arvoa sisällöstä, mikä puolestaan vaikuttaa positiivisesti asiakastyytyväisyyteen. Lopuksi tulokset osoittavat, että asiakastyytyväisyydellä on positiivinen vaikutus ostoaikomukseen. Tutkimuksessa tunnistetaan myös tuotesitoutumisen vaikutus ostoaikomukseen kontrollimuuttujana. Tämän tutkielman perusteella tekoälyllä on mahdollista tehostaa personointiprosessia asiakassuhteiden aloittamisessa
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spellingShingle Karppanen, Vili Leveraging AI-enabled personalization in customer relationship management Marketing Markkinointi
title Leveraging AI-enabled personalization in customer relationship management
title_full Leveraging AI-enabled personalization in customer relationship management
title_fullStr Leveraging AI-enabled personalization in customer relationship management Leveraging AI-enabled personalization in customer relationship management
title_full_unstemmed Leveraging AI-enabled personalization in customer relationship management Leveraging AI-enabled personalization in customer relationship management
title_short Leveraging AI-enabled personalization in customer relationship management
title_sort leveraging ai enabled personalization in customer relationship management
title_txtP Leveraging AI-enabled personalization in customer relationship management
topic Marketing Markkinointi
topic_facet Marketing Markkinointi
url https://jyx.jyu.fi/handle/123456789/96949 http://www.urn.fi/URN:NBN:fi:jyu-202409065834
work_keys_str_mv AT karppanenvili leveragingaienabledpersonalizationincustomerrelationshipmanagement