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Mark Boidman’s article, “How AI Could Impact the Advertising Landscape,” sheds light on the transformative role of Artificial Intelligence (AI) in advertising. Boidman highlights, “The global market for AI in advertising is expected to reach more than $100 billion by 2027, driven by advancements in machine learning, natural language processing, and computer vision.” This forecast underscores the significant growth and impact that AI is poised to bring to the advertising industry. Boidman underscores that the transformative effects of AI extend across advertising content, placement, and overall effectiveness, ushering in an era of more targeted, dynamic, interactive, measurable, and sustainable advertising strategies.
One primary advantage of AI in advertising is its ability to analyze data and provide real-time feedback to advertisers, allowing for adjustments based on the demographic information of the audience. This optimization ensures that advertisements reach the right people at the right time with the most relevant content, streamlining the advertising process and eliminating inefficiencies. Furthermore, AI introduces dynamism and interactivity to advertising, with digital screens capable of adjusting content in real-time based on factors such as weather and traffic.
This adaptability increases relevance, engagement, and conversion rates, as evidenced by studies reporting a 40% increase in ad recall and a 28% boost in brand awareness through AI-powered dynamic outdoor advertising. As AI technology continues to evolve, its impact on advertising is set to grow, promising a future where campaigns are not only more sophisticated and effective but also guided by responsible and transparent data practices.
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