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CDP Industry Attracts New Entrants Despite Slow Growth: CDP Institute

January 16, 2024
CDP industry employment rose just 2% in the second half of 2023, the smallest rise on record, according to the CDP Institute’s semi-annual Industry Update. But averages can mislead: employment rose by 10% or more at 20% of the firms listed.  The ten vendors added to the report were mostly CDP-specialist start-ups; by contrast, many new firms in previous reports were larger, older companies that were adding CDP features to existing campaign and delivery capabilities.
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Microsoft Adds AI-Based Copilots to Office Apps for a Fee

January 16, 2024
Pretty much every business software vendor has added some flavor of generative AI-based assistance to its interface, and Snapchat reports seven million users pay $3.99 per month for gen-AI in Snapchat+.  But Microsoft has taken it up a notch by charging $20 per month for “Copilot Pro”, which expands gen-AI in Word, Excel, Powerpoint, Outlook, and OneNote, and a $30 per month “Copilot for Microsoft 365” for businesses.  You can just see the dollar signs dancing in their eyes.
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Google Cloud Launches New Generative AI Tools for Retailers Ahead of NRF

January 15, 2024
Google Cloud’s new genAI for retail tools include a conversational commerce solution to create personalized chatbots, a new customer service solution and catalog and content enrichment capabilities. It is also enhancing search for retailers with a large language model to help shoppers find products more easily. Over 80% of retailers feel a need to introduce genAI to their operations, Good Cloud said.
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TechTarget Combines with Informa Tech to Expand Addressable Market

January 12, 2024
TechTarget, the platform that monetizes B2B software intent data through a large network of websites and other channels, will combine with Informa PLC’s Informa Tech digital businesses. The results are expected to be large growth in scale across global markets and verticals and a tenfold growth in addressable audience for the new TechTarget. The move will introduce Informa Tech clients to TechTarget while combining the two companies’ intent data assets.
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FTC Halts Sales of Sensitive Location Data by X-Mode and Outlogic

January 11, 2024
The Federal Trade Commission has stepped in to ban X-Mode Social and its successor company Outlogic from sharing or selling sensitive location data. This is in a settlement of FTC allegations that the company sold location data that could be used to track, for example, visits to reproductive health clinics or domestic abuse shelters. This is the FTC’s first settlement with a data broker over the use of sensitive location information.
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80% of Organizations are Allocating Budget to Generative AI Marketing Initiatives

January 11, 2024
Eighty percent of organizations surveyed for the Capgemini Research Institute’s CMO Playbook series have either already allocated budget to integrating genAI into marketing, or plan to do so in the next six months. Sixty percent believe the potential benefits of the technology outweigh the risks. The survey also found a consensus that AI would supplement rather than replace human creativity.
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