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Journal of Marketing & Supply Chain Management

Quantum Computing Applications in Marketing Analytics: A Future Perspective

Tarun Gupta

Published Sep 20, 2022• 4 citations
Publisher

Abstract

This research investigates the possible effect of quantum computing on advertising investigation. In the quickly developing field of advanced promoting, the interest in additional productive and exact scientific apparatuses has never been more noteworthy. Marketing analytics, essential for surveying effort viability, is going through change because of expanding information volumes, complex buyer connections, and the requirement for constant bits of knowledge. Quantum computing, using the standards of quantum mechanics, remains at the very front of this change. Not at all like old-style registering, it utilizes quantum bits (qubits) that can exist in different states all the while, considering fast information handling and complex critical thinking. This study researches the theoretical applications of quantum computing in marketing analytics, focusing on information handling, prescient displaying, and customized promoting. It features the possibility to process immense datasets all the more effectively, work on prescient exactness, empower constant examination, and reform marketing strategies. While promising, it recognizes difficulties, like the beginning phase of quantum innovation improvement and mixed intricacies. Despite being a theoretical investigation, this exploration highlights the groundbreaking capability of quantum computing in marketing analytics, provoking further examination and trial and error.

DOI
10.47363/jmscm/2022(1)133

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This research investigates the possible effect of quantum computing on advertising investigation. In the quickly developing field of advanced promoting, the interest in additional productive and exact scientific apparatuses has never been more noteworthy. Marketing analytics, essential for surveying effort viability, is going through change because of expanding information volumes, complex buyer connections, and the requirement for constant bits of knowledge. Quantum computing, using the standards of quantum mechanics, remains at the very front of this change. Not at all like old-style registering, it utilizes quantum bits (qubits) that can exist in different states all the while, considering fast information handling and complex critical thinking. This study researches the theoretical applications of quantum computing in marketing analytics, focusing on information handling, prescient displaying, and customized promoting. It features the possibility to process immense datasets all the more effectively, work on prescient exactness, empower constant examination, and reform marketing strategies. While promising, it recognizes difficulties, like the beginning phase of quantum innovation improvement and mixed intricacies. Despite being a theoretical investigation, this exploration highlights the groundbreaking capability of quantum computing in marketing analytics, provoking further examination and trial and error.
This study investigates the prospective influence of quantum computing on marketing analytics. As the landscape of digital marketing continues to evolve, the need for more effective and precise analytical tools has surged to unprecedented levels. Marketing analytics, which is essential for assessing the success of campaigns, is undergoing significant changes driven by the increasing volume of data, the complexity of consumer interactions, and the urgent demand for immediate insights. Quantum computing, founded on the principles of quantum mechanics, is leading this transformation. Unlike classical computing, which depends on conventional bits, quantum computing employs quantum bits (qubits) that can exist in multiple states simultaneously, thus allowing for rapid data processing and the resolution of complex problems. This research delves into the theoretical applications of quantum computing within marketing analytics, concentrating on areas such as data processing, predictive modeling, and the development of personalized marketing strategies. It emphasizes the potential for better management of extensive datasets, improved predictive accuracy, real-time analytical capabilities, and a reimagining of marketing strategies. The prospects seem favorable, yet the study also highlights the challenges that arise from the early stage of quantum technology and the complexities of its integration. Although it is primarily theoretical, this research shows the considerable potential for transformation that quantum computing offers in marketing analytics, encouraging further exploration and experimentation in this field.
Due to the rapid development of artificial intelligence (AI) technologies, marketing professionals are faced with a changing landscape that requires a comprehensive understanding of the potential and challenges of AI applications. Quantum computing processes are the basis for the future development of predictive analytics, as their ability to simultaneously provide many variants of events with different variations of their occurrence allows achieving reliability of up to 99.75%, even in conditions of irrationality. The relevance of the research is related to the state priority for the development of quantum technologies, as well as technological advances, in particular, ease of use and accuracy of the data obtained. The research is aimed at determining the combination of AI technologies with the use of quantum computing processes that is most suitable for the tasks of marketing analytics in order to increase the accuracy of forecasting consumer behavior and market mechanisms in the long term. The methodological basis of the research was scientific work in the field of marketing strategies, artificial intelligence, as well as descriptions of the basics of quantum computers, practical work of leading centers for the implementation of quantum computing in business processes. The theoretical basis is bibliometric analysis, theory of quantitative methods, theory of innovation. For the purposes of the research, literature was analyzed and various AI software products were systematized, a list of cases was provided and practical results in the field of quantum computing application in predictive analytics in the field of marketing were compared. Their impact on such marketing components as market analysis and forecasting, audience sentiment analysis, and offer personalization is assessed. The information base consisted of a study of 160 articles written in the field of predictive analytics based on AI for marketing purposes, as well as an assessment of 26 cases of the use of quantum computing in business processes both in Russia and abroad. The key focus of the research is a critical assessment of the benefits of implementing artificial intelligence technologies in conjunction with quantum computing processes in shaping marketing strategies, including long—term forecasts of consumer behavior and changes in market mechanisms. The result of the research is a framework for the introduction of artificial intelligence technologies in conjunction with quantum computing processes in the formation of marketing strategies.
This work investigates the transformative role of quantum computing in personalized digital marketing, emphasizing its capacity to enhance hyper-personalized customer engagement through advanced predictive analytics and optimization techniques. This work employs a qualitative research methodology through a comprehensive literature review to identify critical research gaps regarding how quantum computing can optimize marketing strategies, improve data-driven decision-making, and refine recommender systems. Relevant publications were systematically searched in academic databases such as ScienceDirect, IEEE Xplore, Springer, Wiley, and Emerald. The analysis focused on topics related to quantum computing, predictive analytics, marketing optimization, and consumer behaviour. This study reveals that quantum computing holds significant promise for personalized digital marketing, notably through the application of quantum-inspired techniques like digital annealers. These technologies can enhance online advertisement conversion rates, improving accuracy from 0.176 to 0.326, and refine recommender systems, fostering hyper-personalized customer engagement. Despite these advantages, the incorporation of quantum technology into present marketing frameworks faces challenges such as high implementation costs and a shortage of skilled personnel. Additionally, the findings underscore the need for organizations to navigate complexities inherent in managing vast datasets, which quantum computing can address, thereby revolutionizing market research and strategic decision-making processes. This study contributes to the key benefits of quantum computing in personalized digital marketing, emphasizing the need for further empirical research to validate theoretical insights. It opens avenues for future studies to investigate practical applications of quantum technologies across diverse marketing contexts, addressing the gaps in existing literature. The transformative impact of quantum computing on marketing strategies, this chapter encourages scholars to explore its implications for consumer behaviour, data privacy, and algorithmic fairness. This work contributes to the understanding of quantum computing in reshaping personalized digital marketing. It highlights the convergence of quantum computing, artificial intelligence, and big data analytics, offering a roadmap for upcoming empirical research and real-world practical applications.
In the context of swift technological progress, the notion of “Marketing in the Quantum Age” arises as a new field that combines marketing techniques with principles from quantum computing to transform how consumers and brands interact. The present work explores the potential for transformation offered by quantum learning machines. The aim is to change traditional marketing practices by enhancing customization and equipping computers with unparalleled analytical skills. This study examines the usage of quantum computation in the marketing domain, specifically emphasizing creating customer-specific marketing strategies through the development and deployment of quantum learning technologies. Quantum learning machines can do intricate computations at unparalleled speeds, owing to the distinctive attributes of quantum bits (qubits), in contrast to traditional computers. The study methodology integrates quantum computer principles with machine learning techniques, focusing on using quantum learning machines. By using the principles of parallelism and superposition inherent in quantum bits (qubits), quantum learning machines can execute intricate computations faster than traditional machines. This Research aims to explore the potential of quantum algorithms in generating new perspectives on customer behavior, hence facilitating marketers in creating customized and focused advertising campaigns.Moreover, this study makes a valuable contribution to the growing field of quantum-enhanced marketing by showcasing the tangible implementation of quantum learning techniques. Organizations desiring to adapt their marketing strategies using quantum technology must consider the implications carefully. These findings demonstrate the possible evolution of safe and personalized customer interactions in the Quantum Age.
The digital ecosystem continues to expand around the world and is revolutionising the way markets are researched. Indeed, consumer experiences are advertised and disseminated through so many channels and media that it has become a major challenge for researchers and marketing practitioners to collect, process and generate valuable information to support strategic and operational decisions. In this article, the authors explore how advances in quantum computing, which can be used to process huge amounts of data quickly and accurately, could offer an unprecedented opportunity for researchers to address the challenges of the digital ecosystem. Three studies are presented to define the state of the art and future expectations of quantum computing in market research and business. By means of a bibliometric analysis of 209 publications and a content analysis of the 30 highest-impact articles, we describe the present landscape, and also forecast the future with the help of in-depth interviews with eight experts. The findings reveal that the US and China are at the forefront of scientific development, but the contributions from four other countries (India, the UK, Canada and Spain) are also in double figures. However, graphical analysis identifies four poles of development: the US orbit, which includes Canada and Spain; the Chinese orbit, which includes India; the UK orbit; and the Australian orbit. In terms of expectations, the experts agree on the opportunities offered by quantum computing, but there is less consensus as to how long it will take to develop.
ABSTRACT Quantum computing represents a fundamental shift in the way computational problems are approached and solved. Unlike classical computing systems that rely on binary bits to process information, quantum computing utilizes quantum bits, or qubits, which exploit principles of quantum mechanics such as superposition and entanglement. This transition from classical bits to qubits has opened new possibilities for solving complex problems that are computationally infeasible for traditional systems. This paper explores the evolution of computing paradigms from classical architectures to quantum-based models, highlighting the theoretical foundations and technological advancements that have driven this transformation. It discusses the core concepts of quantum computing, including qubit representation, quantum gates, and computational models, along with an overview of current quantum hardware architectures. Furthermore, the paper examines key application areas such as cryptography, optimization, artificial intelligence, and scientific simulations, where quantum computing demonstrates significant potential. Despite its promise, quantum computing faces substantial challenges related to hardware stability, error correction, scalability, and resource requirements, which are also analyzed. Finally, the paper outlines future research directions and the potential impact of quantum computing on next-generation information processing systems, emphasizing its role in redefining the boundaries of modern computation. Keywords : Quantum Computing, Qubits, Quantum Algorithms, Quantum Applications, Future Computing Technologies