WEBVTT 00:00:00.000 --> 00:00:02.168 - And that's why you need people that know the fundamentals 00:00:02.168 --> 00:00:04.004 of marketing and not simply delegating 00:00:04.004 --> 00:00:07.048 those fundamentals to AI. 00:00:07.048 --> 00:00:09.175 - Fernando, welcome to BCG House. 00:00:09.175 --> 00:00:10.885 Thanks so much for joining us. 00:00:10.885 --> 00:00:12.971 At a time when consumers are 00:00:12.971 --> 00:00:16.307 increasingly finding, evaluating, 00:00:16.307 --> 00:00:19.561 and choosing products through AI, online, 00:00:19.561 --> 00:00:21.229 what are the greatest misconceptions 00:00:21.229 --> 00:00:24.774 that you can see CMOs having about the role of AI? 00:00:24.774 --> 00:00:26.651 - I think AI is like top of the agenda 00:00:26.651 --> 00:00:28.862 for everyone at the moment, right? 00:00:28.862 --> 00:00:32.532 And I feel that the people that are doing the best work are 00:00:32.532 --> 00:00:34.451 the ones that, first, 00:00:34.451 --> 00:00:37.245 have a very clear definition of the problem 00:00:37.245 --> 00:00:38.371 they're trying to solve. 00:00:38.371 --> 00:00:42.125 And then maybe AI is a way, right? 00:00:42.125 --> 00:00:45.128 I mean, to lead them into a better outcome. 00:00:45.128 --> 00:00:48.840 Maybe it's not. I think that when people don't do it well, 00:00:48.840 --> 00:00:51.342 it's almost like because they have so much pressure 00:00:51.342 --> 00:00:53.970 to have an AI roadmap 00:00:53.970 --> 00:00:56.556 or to show work done with AI 00:00:56.556 --> 00:00:58.224 that they don't even think much about 00:00:58.224 --> 00:00:59.434 the problem they're trying to solve 00:00:59.434 --> 00:01:02.979 and just try to sprinkle AI into the organization. 00:01:02.979 --> 00:01:05.857 - And on that, effectively all of these companies, 00:01:05.857 --> 00:01:08.651 all these CMOs who are looking at that problem, have access 00:01:08.651 --> 00:01:10.278 to the same AI tools. 00:01:10.278 --> 00:01:11.863 So how do they build real advantage? 00:01:11.863 --> 00:01:14.407 Is it just by trying to be faster than the competitors? 00:01:14.407 --> 00:01:16.326 Or is there something else? 00:01:16.326 --> 00:01:17.619 - There is this risk with AI 00:01:17.619 --> 00:01:20.288 that if you're all using the same tools, 00:01:20.288 --> 00:01:23.208 assessing the same data, which is not always the case, 00:01:23.208 --> 00:01:26.544 but assessing lots of data, let's put it that way, 00:01:26.544 --> 00:01:30.215 and coming up with the outcome, we do risk that everything 00:01:30.215 --> 00:01:32.383 will start to look a little bit the same. 00:01:32.383 --> 00:01:36.221 So I see the best use of AI, at least in marketing, 00:01:36.221 --> 00:01:40.517 as always like a pairing of AI with people. 00:01:40.517 --> 00:01:42.185 You know what I mean? I see it as a tool. 00:01:42.185 --> 00:01:45.855 So it will never be just like the blank outcome. 00:01:45.855 --> 00:01:49.150 Going back to your question about misconceptions, 00:01:49.150 --> 00:01:50.985 I think that one of the biggest dangers 00:01:50.985 --> 00:01:52.737 that we have today is for people 00:01:52.737 --> 00:01:56.366 to rely exclusively on AI in terms 00:01:56.366 --> 00:01:59.077 of creating a certain output, whatever the output is. 00:01:59.077 --> 00:02:01.371 So even simple things like, hey, I need 00:02:01.371 --> 00:02:03.957 to write an advertising brief, right? 00:02:03.957 --> 00:02:06.626 I start to hear lots of brand managers saying, "Oh, 00:02:06.626 --> 00:02:07.627 I don't need to write that well, 00:02:07.627 --> 00:02:09.838 because AI will do it for me." 00:02:09.838 --> 00:02:11.881 And that I think is a problem. You know what I mean? 00:02:11.881 --> 00:02:14.676 Like when we are delegating a little bit too much 00:02:14.676 --> 00:02:17.011 of the fundamentals, which is where 00:02:17.011 --> 00:02:19.347 we humans can add value, 00:02:19.347 --> 00:02:22.183 and then pair that with AI so that we can accomplish more 00:02:22.183 --> 00:02:24.435 and do different things that we'll not be able 00:02:24.435 --> 00:02:26.146 to do by ourselves. 00:02:26.146 --> 00:02:28.690 I think that when we shortcut that 00:02:28.690 --> 00:02:31.609 and just delegate the function to AI, 00:02:31.609 --> 00:02:34.237 that's when it gets a bit problematic. 00:02:34.237 --> 00:02:35.947 - And when you understand that 00:02:35.947 --> 00:02:40.160 consumers are engaging with these products via AI, as a CMO, 00:02:40.160 --> 00:02:42.453 it's partly about that making it individual, 00:02:42.453 --> 00:02:44.164 making your own brand stand out. 00:02:44.164 --> 00:02:47.709 But how do you also keep brand integrity 00:02:47.709 --> 00:02:49.419 the same, regardless of the use of AI? 00:02:49.419 --> 00:02:51.588 How do you ensure lasting loyalty? 00:02:51.588 --> 00:02:53.798 - Yeah, so I think that, in terms of integrity, 00:02:53.798 --> 00:02:55.592 which I think is a really key point 00:02:55.592 --> 00:02:58.136 that you're bringing to the table, without the human 00:02:58.136 --> 00:03:03.141 to filter, you really risk doing things 00:03:03.141 --> 00:03:04.934 that are completely off-brand. 00:03:04.934 --> 00:03:08.062 You know, things that will be shiny, look nice as a layout, 00:03:08.062 --> 00:03:12.650 but maybe not that distinctive 00:03:12.650 --> 00:03:14.736 versus what competition is doing. 00:03:14.736 --> 00:03:19.407 And definitely, like, not necessarily the best outcome. 00:03:19.407 --> 00:03:21.492 I think that's also a reason why you need 00:03:21.492 --> 00:03:23.203 people to filter. 00:03:23.203 --> 00:03:25.163 And that's why you need people that know the fundamentals 00:03:25.163 --> 00:03:27.749 of marketing and not simply delegating those 00:03:27.749 --> 00:03:28.958 fundamentals to AI. 00:03:28.958 --> 00:03:33.963 So that's why, again, I'm a very... 00:03:34.047 --> 00:03:35.381 I have a lot of curiosity. 00:03:35.381 --> 00:03:37.508 I always play with the meal. I want 00:03:37.508 --> 00:03:40.595 to be in touch with what's coming and what's hot, 00:03:40.595 --> 00:03:43.932 but I invest much more time actually mastering 00:03:43.932 --> 00:03:45.808 the fundamentals, 00:03:45.808 --> 00:03:47.518 and I think that you really need the combination 00:03:47.518 --> 00:03:51.522 of those two things to come together for you to leverage AI 00:03:51.522 --> 00:03:54.400 to the best of its potential. 00:03:54.400 --> 00:03:55.777 - Fernando, thanks so much. 00:03:55.777 --> 00:03:57.737 - No, my pleasure. Thank you, guys. 00:03:57.737 --> 00:04:00.365 (bright music)