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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM23039
Volume:
7 |
6 |
Jun 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
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.
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
Publication Date
6/28/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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