By Paul Gwynn, CTO, FanFinders
If you work in technology (or even if you don’t), you’ll know the biggest buzz in tech over the past few years has been Artificial Intelligence (AI).
A few years ago AI was the preserve of billion dollar corporations and governments, but with companies such as Google, Microsoft, Amazon and IBM packaging up their AI offerings to developers, it’s become easier for us mere mortals to integrate it into our systems.
At FanFinders, we’re no slouches when it comes to tech, we are after all primarily a tech-driven company and have a definitive roadmap for our tech future.
Known as ‘Project V3’ internally, a large part of this project is to introduce AI into our systems logic and workflows. We’re not doing this because it’s cool, the latest fad, or the CEO says ‘we need this now!’, we need to see real benefits and the only way to establish this is through R&D.
As part of this, one of things we’re set on upgrading is our email campaign manager. It’s a part of our ecosystem we’ve identified that could benefit from AI but first, we needed to prove that.
The Problem
FanFinders sends out a lot of emails over the course of a year, I’m talking hundreds of millions, if not more. It’s not unusual to have new email campaigns going out on a daily basis and building these and setting up the target parameters is a very manual intensive process.
We also have our ‘Domain Reputation’ to retain, step out of line and email providers such as Google and Microsoft will automatically direct your emails to spam. Plus, we really don’t want to be sending our members emails that are irrelevant to them.
To this end, we decided to spike a mini AI system that predicts how a user responds to an email based on their demographics, historical activity and the email content. This is something new for our business domain, namely expectant and new parents.
The Objectives
We kept our objectives high level and simple, as follows:
- Can AI determine correlations between a user’s demographic and their predisposition to respond to an email campaign within our specific business domain?
- Can we reduce send counts whilst retaining or improving click through rates?
- Can we reduce unsubscribes with better campaign targeting?
- Can we determine the main steps in building, testing and implementing an AI model for this specific purpose?
The Approach
We also kept our approach as simple as we could:
- Build multiple AI Models using different parameters
- Test those models against existing campaigns
- Select the best model and an established campaign and do a real world test
In order to expedite the building and testing of multiple models, we did need to build a small but specialist jig that automated data import, data transforms, model training, testing and predictions.
Although there was a time and resource cost to this, it more than paid for itself over the course of the project.
Prediction Measure
From our model, we wanted to feed in our parameters and get out a prediction of confidence that the recipient would engage with the email.
The values used were on a scale of 1 to 100 where 1 is an ‘extremely small chance of engagement’ and 100 is ‘highly likely to engage’. It’s important to note that a score of 100 does not guarantee the recipient will engage, only that the chances of them engaging are pretty good.
The Result
The campaign in question has a regular number of contacts (although those contacts differ between each send).
From crunching our test numbers we could see that a prediction level of 50 is where benefits become really noticeable, increasing our click through rate by 25% but decreasing our total sends by 600% (yeah, we’d definitely take that!), but how did the real world send perform against our prediction?
Our real world result was to be quite frank, unexpected. To say it was a test/prototype model and the engineering that went into it reflected that, the real world test produced the following:
Decrease in total sends was 600% (as predicted) and increase in click through rate was a mighty 400%. That’s 6 times less sends with 4 times the engagement.
So how did our unsubs do? We normally get around 100 unsubs per campaign sent, on our real world AI send we had zero recipients unsubscribe (yes that’s correct, zero, nada, none).
Taking the above result and overlaying it against our objectives, it’s plain to see that the answer to objectives 1,2 and 3 is a resounding ‘Yes’.
With respect to objective 4, the learnings from building the prototype helped us establish what we should and shouldn’t be doing at a technical level when we do the final live implementation.
Conclusion
It doesn’t take a genius to work out there’s a benefit here for our email marketing and, although more real world tests will need to take place, this is one AI implementation that gets a green light.
As we roll this out into a finished product, I plan to share updates over on the FanFinders’ blog. I’ll also be writing about other areas where we’re prototyping AI’s suitability to fit into our workflow and what problems we plan to solve using it.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.