Data, Analytics and AI for Marketing Strategy
MKT 511
| Lecturer | Prof. Dr. Florian Stahl |
|---|---|
| Contact person | Tim Bublies |
| Course Format | Lecture and Exercise |
| Credit Points | 8 ECTS |
| Hours per Week | 4 |
| Semester | Spring |
| Language | English |
| Registration | no registration required |
| Accepted Participants | Mannheim Master in Management, Mannheim Master in Business Research (MMBR), M.A. Culture and Economy / Business, M.Sc. Business Education, M.Sc. Business Informatics, M.Sc. Business Mathematics, M.Sc. Economics, Diplom Business Administration |
Further Information
Brief Description
The course Data, Analytics and AI for Marketing Strategy introduces students to the principles and methods of data-driven marketing decision-making. The course emphasizes how data, analytics, and artificial intelligence can support strategic marketing decisions—from understanding customer behavior and optimizing marketing investments to developing effective pricing strategies and driving profitability.
Students will explore essential concepts such as customer segmentation, customer lifetime value, acquisition, retention, marketing effectiveness, and revenue optimization, while also examining how emerging technologies like machine learning, generative AI, and AI agents are transforming marketing strategy. Through real-world cases, practical exercises, and hands-on labs, students will learn to critically evaluate analytical insights, assess the impact of marketing activities, and translate data into actionable strategic recommendations.
Course Outline
The course is split into fourteen lecture units:
Part A – Foundations of Data-Driven Marketing Strategy
01 – Marketing Decision Architecture
02 – Data, Measurement & Causal IdentificationPart B – Customer & Market Intelligence
03 – Segmentation for Strategic Targeting
04 – Customer Lifetime Value & Investment Decisions
05 – Customer Acquisition, Retention & Churn Analytics
06 – Cross-Selling & Recommendation DecisionsPart C – Marketing Effectiveness & Resource Allocation
07 – Marketing Mix Modeling & Budget Allocation
08 – Advertising Response & Media EffectivenessPart D – Pricing, Demand & Revenue Optimization
09 – Demand & Price Elasticity Modeling
10 – Choice Models & Competitive Substitution
11 – Revenue & Profit OptimizationPart E – Autonomous & AI-Augmented Marketing Decisions
12 – Machine Learning for Marketing Decisions
13 – AI Agents & Reinforcement Learning in Marketing
14 – Generative AI & Marketing IntelligenceLecture
Lecturer Prof. Dr. Florian Stahl Contact person Tim Bublies Schedule Please refer to the latest information on Portal2 and ILIAS Assessment Written Exam (100%) Exercise
Lecturer Tim Bublies Schedule Please refer to the latest information on Portal2 and ILIAS