Case StudyAbstract: The successful implementation of Artificial Intelligence (AI) in Netflix the marketing strategy, has revolutionized the way the global entertainment company does business; personalized content recommendations have been a key part of Netflix's marketing strategy. Competition from streaming giants including Disney+, Amazon Prime Video and Max made Netflix focus on both adding more content to its library and building custom viewing experiences. Netflix can use AI to tailor its suggestions to individual viewers, based on their viewing history, and this customization boosts both user engagement and satisfaction levels while reducing churn rates.
The case study highlights how Netflix is using AI for strategic marketing and its potential competitive edge; besides, it also highlights some ethical considerations for personalizing AI, vis a vis the growth opportunities for Netflix in an increasingly competitive streaming market.
Learning Objectives