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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:10.55041/IJSREM23039

Harnessing Machine Learning for Predictive Analytics in Big Data-Driven Marketing Strategies

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Paper ID:

10.55041/IJSREM23039

Volume:

7 |

6 |

Jun 2023

Pages:

Publication Frequency:

Monthly (12 issues per year)

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License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

RKS

Rakesh Kumar Saini

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Abstract

This paper provides a comprehensive academic review of how machine learning (ML) is leveraged for predictive analytics within big data-driven marketing strategies. It defines the foundational concepts of ML, predictive analytics, and big data, elucidating their synergistic relationship in modern marketing. The report explores key applications, including advanced customer segmentation, precise churn prediction, hyper-personalized recommendations, and optimized campaign management, supported by illustrative case studies. Furthermore, it critically examines the inherent challenges such as data quality, model interpretability, privacy concerns, and algorithmic bias. Finally, the paper discusses emerging trends and future research directions, including Explainable AI (XAI), Causal AI, Multimodal AI, and responsible AI frameworks, underscoring the transformative potential and strategic imperative for businesses to navigate this evolving landscape [1], [2].

KEYWORDS

Algorithmic bias Big data Campaign optimization Causal AI Churn prediction Customer lifetime value Customer segmentation Deep learning Explainable AI Machine learning Marketing strategies Multimodal AI Personalized recommendations Predictive analytics Privacy-preserving machine learning Responsible AI.

Cite This Article

Rakesh Kumar Saini, "Harnessing Machine Learning for Predictive Analytics in Big Data-Driven Marketing Strategies," International Journal of Scientific Research in Engineering and Management, vol. 7, no. 6, Jun 2023. https://doi.org/10.55041/IJSREM23039

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6/28/2023

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