https://doi.org/10.36719/2789-6919/40/87-90
Ali Aliyev
IMC University of Applied Sciences Krems
Bachelor
https://orcid.org/0009-0005-1243-8637
Marketing and Project Management 4.0: Next-Generation
Digital Tools
Abstract
Modern marketing and project management are now largely dependent on artificial intelligence (AI), which helps companies make better decisions, streamline operations, and increase profitability. This study examines sophisticated mathematical models to assess AI's performance in several domains. AI model accuracy, predictive performance, and impact are evaluated using key performance measures such as Mean Squared Error (MSE), Log-Loss, and Improvement over Baseline (IOB). The study also presents AI Training Cost Functions (CTF) to examine model training expenses and Expected Profit (EP) to quantify the monetary gains of AI-driven campaigns. These algorithms allow us to measure how AI contributes to increased productivity, higher conversion rates, and more efficient use of resources. The study also looks at how, in comparison to conventional approaches, AI-powered marketing campaigns increase revenue, customer retention, and engagement. This article shows how companies may use AI to improve project management workflows and maximize marketing efforts, making them more successful and economical, using real-world examples. The results indicate that AI plays a crucial role in project management and marketing, offering quantifiable financial gains as well as operational enhancements.
Keywords: Artificial Intelligence (AI), Marketing Optimization, Project Management, Performance Metrics, Expected Profit, Machine Learning Models