K7LA 2065 - AI empowered Marketing : Transforming Business Strategies and Customer Experiences

In the ever-evolving landscape of luxury, Artificial Intelligence (AI) is making waves, transforming how we traditionally approached marketing. This course is your guide to unraveling the core principles and far-reaching impacts of AI in the world of luxury. During the period of the course, we will: ● Vulgarize the technical foundations of AI (including Generative AI) and explore how AI ecosystems take shape worldwide. ● Navigate the ethical considerations tied to AI, striking a balance between innovation and responsibility. ● Discover how AI is reshaping luxury marketing and business strategies, redefining how we engage with customers and curate personalized experiences. ● Dive into case studies of luxury brands, analyzing the success and failure of AI integrations and explore industry-relevant best practices. ● Use all the theoretical knowledge learnt so far, to put into a real world business case for a luxury brand.
Mehuli MAZUMDAR,Pauline SCHWENCK
Séminaire
English
● Business Case: most of the preparation will be done in class but it will still require additional work outside (up to ~3 hours per week over 6 weeks) ● Individual assignment: up to ~2 hours overall
An interest in AI.
Spring 2023-2024
● Business Case in group (50%) ● Individual Assignment (40%) ● Active participation (10%)
Sessions 1 to 5: Theoretical (technical foundations, geopolitics, ethics) Sessions 6 to 11: Business Case with luxury professionals Sessions 12: Opening on AI & Entrepreneurship
Kapferer, J. N., & Bastien, V. (2012). The Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands. Kogan Page.
Davenport, T. H., & Kalakota, R. (2019). The AI Advantage: How to Put the Artificial Intelligence Revolution to Work. The MIT Press.
O'Neil, C. (2016). Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy. Crown.
Ni Zeng, Liru Jiang, Gianpaolo Vignali, & Daniella Ryding (2023). Customer Interactive Experience in Luxury Retailing: The Application of AI-Enabled Chatbots in the Interactive Marketing. The Palgrave Handbook of Interactive Marketing (Chapter 23)
Le Cun, Y. (2019). Quand la machine apprend. Éditions Odile Jacob. Paris.
On Netflix Coded Bias (2020)
Newsletter: The Download by MIT Technology Review