Connected Consumers: Unleashing the Power of IoT for Personalized Marketing
Chapter from the book: Bozgeyik, Y. (ed.) 2023. Academic Research and Evaluations in Social Sciences - IV.

Bilge Baykal
İstanbul Beykent University

Synopsis

This article delves into the intriguing synergy between the Internet of Things (IoT) and personalized marketing, two transformative domains in contemporary business landscapes. As IoT technology continues to proliferate, it offers unprecedented opportunities for businesses to collect, analyze, and utilize vast amounts of data from connected devices. Simultaneously, personalized marketing strategies have gained prominence, emphasizing tailored experiences for consumers. This research seeks to understand the dynamic relationship between IoT and personalized marketing, examining how IoT technologies enable enhanced personalization in marketing efforts.

The study employs an exploratory approach based on a compherensive literature review which reveal that IoT facilitates personalized marketing by providing real-time data on consumer behavior, preferences, and contextual information. This data empowers businesses to craft highly personalized marketing campaigns, resulting in increased consumer engagement associated with IoT-driven personalized marketing, including data privacy concerns and the need for transparent communication. It also explores the role of artificial intelligence and machine learning algorithms in optimizing marketing strategies within IoT ecosystems.

In conclusion, this research underscores the evolving landscape of personalized marketing through the lens of IoT, shedding light on the potential for businesses to forge deeper connections with consumers. As IoT continues to evolve, understanding its implications for personalized marketing becomes imperative for businesses aiming to stay competitive in an increasingly data-driven and customer-centric marketplace.

How to cite this book

Baykal, B. (2023). Connected Consumers: Unleashing the Power of IoT for Personalized Marketing. In: Bozgeyik, Y. (ed.), Academic Research and Evaluations in Social Sciences - IV. Özgür Publications. DOI: https://doi.org/10.58830/ozgur.pub261.c1432

License

Published

October 23, 2023

DOI