#ELEG Electric Guitar PLC – 3radical’s Data Store Integration with Marcomms.ai October 7, 2024 – Posted in: Electric Guitar Plc (ELEG) – Tags: 3radicals, advertising, AI, blockchain, data, digital, exelia, first, GDS, integration, intelligence, JV, learning, machine, marketing, party, processing, software, strategy, technologies
Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company providing first-party data solutions, is pleased to announce a significant advancement in its AI-driven strategy through the integration of 3radical Limited’s (“3radical”) Global Data Store (GDS) with Marcomms.ai, a UK joint venture (“JV”) between Electic Guitar and Exelia Technologies, a software developer specialising in blockchain, machine learning, data processing and AI.
Following the formation of the JV earlier this year (as announced on 31 July 2024), Marcomms.ai has created its first product, Engagement Intelligence (EI). EI uses over one billion data points stored in 3radical’s GDS to provide detailed information on how consumers engage with digital marketing. This strategic integration marks a crucial step in developing AI-based products that transform how businesses connect with their audiences.
Key Highlights include:
• Foundational Integration: The integration of the GDS into Marcomms.ai’s EI platform significantly enhances the aggregation, processing, and analysis of vast volumes of first-party data. This integration is pivotal to Electric Guitar’s strategy of developing market-leading, AI-powered marketing solutions that adhere to the Company’s commitment to data privacy and personalised consumer engagement.
• Enhanced Decision-Making Insights: EI’s dashboard offers deep insights into user engagement, campaign effectiveness, and customer journeys, combined with contextual data, empowering clients to make more precise, data-driven decisions, enabling them to optimise their marketing strategies in real time.
• New revenue streams and Intellectual Property: This valuable intellectual property will enable marketers to better understand how to maximise marketing ROI and is therefore expected to bring new clients and revenue streams to 3radical and Marcomms.ai.
• Pioneering AI Product Development: This integration serves as a critical first step towards the development of a suite of AI-driven products designed to harness the power of first-party data. It helps position Electric Guitar as an AI innovator in the marketing and advertising industry, laying the groundwork for future advancements in real-time personalisation, predictive analytics, and automated content delivery.
• Scalability and Flexibility: The robust data infrastructure enabled by the GDS integration ensures that Marcomms.ai can scale its offerings and adapt to the changing demands of the market, reinforcing Electric Guitar’s leadership in providing first-party data solutions in a post-cookie landscape.
John Regan, CEO of Electric Guitar PLC, commented: “The integration of the Global Data Store with Marcomms.ai is a significant milestone in our journey to innovate and develop AI-powered products, all whilst maintaining our commitment to creating solutions that prioritise control, transparency and privacy in data usage.
“This foundational step is central to our mission of equipping businesses with the tools necessary to foster meaningful, people-first relationships with their audiences through data-driven insights and personalised marketing strategies.”
For further information:
|
Electric Guitar PLC
|