Review article
https://doi.org/10.56321/IJMBS.10.16.57
SMART CHANNEL – THE NEXT STEP IN THE EVOLUTION OF MARKETING CHANNELS
Mirko Palić
; University of Zagreb Faculty of Economics & Business, Zagreb, Croatia
Abstract
The evolution of marketing channels has progressed from multichannel to omnichannel strategies, driven by advancements in technology and shifting consumer expectations. This paper introduces the concept of the smart channel as the next step in this evolution, enabled by technologies from the Fourth Industrial Revolution (4IR), such as artificial intelligence (AI), machine learning, the Internet of Things (IoT), robotics, virtual and augmented reality, big data, etc. The paper examines the historical development of marketing channels, highlights the limitations of existing omnichannel strategies, and explores how smart channels address these gaps. By utilizing intelligent automation and predictive analytics, smart channels enhance customer satisfaction, streamline processes, and provide competitive advantage for the early adopters. This conceptual paper emphasizes the transformative potential of smart channels to unify physical and digital touchpoints, creating a cohesive and adaptive marketing infrastructure. It concludes by identifying key challenges, such as investment needs and technological integration, while suggesting directions for future research. Ultimately, the smart channel represents a pivotal advancement in marketing, redefining the interaction between brands and consumers in an increasingly dynamic marketplace.
Keywords
smart channel; marketing channel; omnichannel; marketing; marketing channel theory
Hrčak ID:
323484
URI
Publication date:
10.12.2024.
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