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Building AI Driven Marketing Capabilities: Understand Customer Needs and Deliver Value Through AI 1st Edition Neha Zaidi
Building AI Driven Marketing Capabilities: Understand Customer Needs and Deliver Value Through AI 1st Edition Neha Zaidi
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Building AI
Driven Marketing
Capabilities
Understand Customer Needs
and Deliver Value Through AI
―
Neha Zaidi · Mohit Maurya
Simon Grima · Pallavi Tyagi
BUILDING AI DRIVEN
MARKETING CAPABILITIES
Neha Zaidi
Mohit Maurya
Simon Grima
Pallavi Tyagi
Building AI-Driven Marketing Capabilities: Understand Customer Needs
and Deliver Value Through AI
Dr. Neha Zaidi Mohit Maurya
Symbiosis International Deemed University, Delhi, India
Symbiosis Institute of Business Management,
Pallavi Tyagi
Noida, India
Delhi, India
Simon Grima
Marsaxlokk, Malta
Copyright © 2024 by Neha Zaidi, Mohit Maurya, Simon Grima, Pallavi Tyagi
This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or
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intention of infringement of the trademark.
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Contents
About the Editors v
Index 333
About the Editors
Dr. Neha Zaidi is an Assistant Professor of Marketing at the School of
Business Studies, Sharda University. She has more than ten years of experi-
ence in academics and research and has worked with several reputed manage-
ment institutions. She has received awards for her research at various
international conferences and has published research papers and case studies
in Scopus-indexed and ABDC journals in the areas of travel and tourism, sus-
tainable marketing, social media marketing, and services marketing, which
remain her prime domains of research.
Dr. Mohit Maurya has a PhD in Retail Management and has almost two
decades of experience in academics, research, corporate training, and con-
sulting. Some of his previous associations were with the NIILM Centre for
Management Studies, Siddaganga Institute of Technology, Kirloskar Institute
of Advanced Management Studies, and ICFAI University. He has published
several research papers in national and international journals of repute. He
has trained over 1200 executives at various companies like JSW Steel Ltd.,
Wadhawan Food Retail, Aditya Birla Retail Ltd., Trident Powercraft Private
Ltd., GMR Infra., Adecco India, Seminis, Monsanto Agro, Kirloskar Brothers
Ltd., Kirloskar Oil Engines Limited, Kirloskar Pneumatic Co. Ltd., and Kirloskar
Ebara Pumps Ltd.
editor, editor, and review editor of several journals and book series. He was
named outstanding reviewer for The Journal of Financial Regulation and
Compliance in the 2017 and 2022 Emerald Literati Awards. Additionally, Simon
acts as an independent director for financial services firms; sits on risk, com-
pliance, procurement, investment, and audit committees; and carries out
duties as a compliance officer, internal auditor, and risk manager.
Introduction
Social media has changed the way we used to communicate. It has also paved
the way for better engagement with customers. Boyd and Ellison (2008)
defined social media in this way: “a networked communication platform in
which participants create, share, and/or exchange information and content
(including user-generated content) and engage in social networking.” Social
media has transformed the way business communication used to take place
with their customers. Social media platforms, such as Facebook, Twitter,
Instagram, and LinkedIn, offer businesses the ability to engage with customers
in real time. Social media is becoming very important because according to
the latest statistics, as of January 2022, there were approximately 4.87 billion
social media users worldwide, representing around 62.4% of the total global
population. In India, as per the data of January 2022, the number of social
media users reached 517 million, making India the second-largest social media
market in the world after China. This represents around 37.5% of the country’s
total population.
In this way, its global presence is encouraging different multinational companies
to also use social media platforms for better communication and engagement
with customers. Let us understand the concept of customer based on the
following definitions given by renowned scholars:
According to Marketing Guru Philip Kotler, “a customer is a person who buys
goods or services for personal use or consumption and not for resale or
manufacturing” (Kotler, 2003, p. 6).
In the field of customer relationship management, Peppers and Rogers define
a customer as “someone who has interacted with your company in any way”
(Peppers & Rogers, 2016, p. 21). This includes not only purchasers but also
prospects, influencers, and even dissatisfied customers who have made
complaints.
In relation to social media, a customer may be defined as “an individual or
group who engages with a company or brand on social media platforms, by
interacting with their content, posting comments, asking questions, or
providing feedback” (Kietzmann et al., 2011, p. 243).
Building AI Driven Marketing Capabilities 3
Therefore, we can say that customers are very precious for us, and in recent
marketing communications, they are being treated as king. As we discussed
earlier about social media, let us learn about the different types of social
media platforms which are frequently being used by different companies and
corporate houses.
Personalization
Artificial intelligence is also used to personalize customer experiences. In this
regard, customer data such as browsing behavior, purchase history, and
preferences are recorded. AI algorithms can use this data to provide
personalized product recommendations, targeted marketing messages, and
customized offers, leading to increased customer engagement and loyalty.
Personalization has become an essential aspect for Indian companies in
meeting the individual needs and preferences of their customers. Here are
some examples of personalization approaches that Indian companies use:
Another type of content is the video content which exhibits product demos
and showcases a product’s features and benefits in action. Testimonial videos
can also be used to feature satisfied customers sharing their positive
experiences with a product or service. In addition, brand story videos can be
created to highlight a brand’s history, values, and mission. Finally, live videos
can be streamed in real time, allowing viewers to engage with the content in
real time. By creating engaging and informative video content, businesses can
enhance their brand awareness and connect with their audience on a
deeper level.
BYJU’S, an edtech company, uses video content as the centerpiece of their
learning platform. BYJU’S offers a vast library of video lessons and lectures,
covering a wide range of subjects and topics, presented by India’s best
educators. These videos are not only informative but also engaging, with
animation, graphics, and interactive elements, making learning a fun experience
for students.
Myntra, an online fashion retailer, has also been leveraging video content to
showcase their products and engage with their customers. They created a
series of short, fashion-focused videos, featuring their models in different
outfits, styled for different occasions. These videos not only showcase the
latest fashion trends but also demonstrate how their products can be styled
to create different looks.
Finally, Tata Sky, a direct-to-home television provider, uses video content to
promote their services and entertain their customers. They created a series
of short, humorous videos, featuring popular Bollywood actors, showcasing
the different features and benefits of their service. These videos are widely
shared on social media, generating buzz and engagement among their
customers.
12 Chapter 1 | Case Study: Using Social Media for Improving Customer
Engagement
Conclusion
Engaging with customers through social media has become an essential
strategy for businesses to stay relevant and competitive in today’s digital age.
Companies are using various tools and techniques to enhance customer
engagement through social media, such as personalized messaging, social
listening, sentiment analysis, chatbots, and more.
For example, Indian companies like Tata Sky, Vodafone, and HDFC Bank are
using chatbots to engage with their customers and provide them with
personalized recommendations based on their preferences. The chatbots are
available 24/7, and they can handle many queries simultaneously, reducing the
response time and improving the overall customer experience.
16 Chapter 1 | Case Study: Using Social Media for Improving Customer
Engagement
Similarly, many Indian companies are using social listening tools to monitor
online conversations and gather customer feedback, which helps them to
understand their customers’ needs and preferences better. For instance,
Amul, a leading dairy brand in India, uses social listening to track online
conversations related to its brand and products. This information is used to
develop new products and marketing campaigns that are tailored to meet out
the needs and expectations of its customers.
Apart from the preceding things, social media has transformed the way
marketing companies used to engage with their customers, and it has become
an essential tool for customer engagement and marketing. Indian companies
are leveraging various social media tools and techniques to enhance customer
engagement and improve their overall business performance. As social media
continues to evolve and become more sophisticated, it is expected that more
innovative and effective strategies will emerge, leading to better customer
engagement and increased business growth.
In summary, we can say that social media has provided us with different
features and tools, and especially in India, it is being used by various companies
for better and continuous customer engagement. Companies are also using it
to provide 24/7 customer support and to resolve issues in real time.
CHAPTER
Applying AI
for Product Life
Cycle
Management
Ambika Khurana, Assistant Professor, School of Business Studies, Sharda
University, Greater Noida, Uttar Pradesh, India, Ph: 9999262227, Email:
ambika.khurana@sharda.ac.in
Shelly, MBAI (Pursuing), School of Business Studies, Sharda University, Greater
Noida, Uttar Pradesh, India, Ph: 8287790440, Email: 2020518243.shelly@
ug.sharda.ac.in
Tirthankar Dey, Integrated MBA (Pursuing), School of Business Studies, Sharda
University, Greater Noida, Uttar Pradesh, India, Ph: 9163018484, Email:
2020435851.tirthankar@ug.sharda.ac.in
Introduction
Product life cycle management encompasses engineering, commercial, and
managerial tasks related to a product throughout its entire life cycle: from the
ideation of an abstract concept to the disposal of a final product.
Modern production is changing rapidly due to the rapid development of
information-related technologies such as the IoT, cloud computing, AI, and big
data which impact every aspect of product life cycle management.
International production strategies and innovations, such as the Industrial
Internet strategy in the United States, Industry 04 strategy in Germany,
Manufacturing Innovation 03 strategy in South Korea, Industry 2050 strategy
in the UK, and Made in China 2025 strategy in China.
Artificial intelligence (AI) refers to a variety of theories, approaches,
technologies, and tools that are designed to mimic and augment human
intellect. Artificial intelligence (AI) applications have recently become widely
used in a wide range of industries, contemporaneous with the fast growth of
big data, machine learning (ML), and computer chips. In order to do complex
jobs demanding noticeably improved dependability, precision, and efficiency,
human operators must be supported, helped, and sometimes even replaced
by AI. A few examples of well-known AI applications are Google’s DeepMind
AlphaGo in board games, security systems for all transportations, facial
recognition systems for payments, speech recognition systems for smart
devices, and carriage security systems.
In the context of advanced manufacturing, there aren’t as many AI applications
for product life cycle management as there are in other disciplines. On the one
hand, manufacturers are naturally apprehensive to embrace AI in product life
cycle management owing to the extremely high requirement for quality,
dependability, precision, and cost-effectiveness in manufacturing. This particularly
stands for small- to mid-sized organizations (SMM). The benefits of AI to
product life cycle management, however, are too many to mention. The first
benefit is that a complicated production process may be optimized for a less
Building AI Driven Marketing Capabilities 19
labor-intensive phase since AI can easily replace people in repetitive and risky
activities. Second, a costly manufacturing process may be made more affordable
given that verified AI solutions can last a very extended period. Third, because
countless AI algorithms are becoming more compatible with industrial-scale big
data, production decision-making is moving more in the direction of data-driven
approaches. Manufacturers are better prepared to respond to a changing
industrial environment because of their improved capacity for handling massive
volumes of data. Finally, many advanced AI programs may be easily modified for
use in industrial settings. Computer vision has been used, for instance, to
automate quality control, visual localization, dimension measuring, object
sorting, bar code identification, and other processes.
Various optimizing and assessment strategies have been introduced inside the
product life cycle management framework. Common evaluation criteria for
the design phase include aesthetics, functionality, development time, and
environmental friendliness. Typical evaluation techniques include the Analytic
Hierarchy Method, the Method for Orders of Preferences based on
Resemblance to the Perfect Solution, the Impact Matrix, the Kano Model, etc.
Prevalent assessment pointers for the production cycle include production
span, cost, resource usage, and energy consumption; common optimization
techniques are embodied by theme and subtheme algorithms. For the
registration phase, the service quality is a crucial metrical system for assessing
service performance since it shows how much personalization is provided to
clients.
The data of product life cycle management has experienced marvelous growth
as a consequence of the extensive usage of implanted technology such as
RFID tags and of course cutting-edge sensors in the manufacturing and service
stages. Newly formed approaches to product life cycle management data
modeling, synchronization, connection, transformation, and removal are being
actively developed as of now. The measure and diversity of product life cycle
management data will keep on increasing as new age technologies such as the
Industrial-grade Internet and the digital counterpart expansion traction.
When it comes to analyzing great quantities of data with several dimensions,
numerous AI algorithms are bigger than orthodox practices. One of product
life cycle management’s most striking potentials across their design, production,
and service stages is the interface among product life cycle management and
data science.
and keyboards are used to control programs and carry out system activities
automatically, simulating human actions. Software for robot app automation is
a “bridge” technology which combines several systems to carry out more
sophisticated tasks than automation.
The marketing strategies for a product are decided by the stage of their life
cycle. For example, a newly made model (that is still in the beginning phase)
is in need of explanation, but in the case of a matured product, it requires
differentiation methods. Product life cycle management has a huge influence
on a product’s most basic elements as well. A product can still continue to be
developing even after it reaches the maturity phase, principally if it is being
upgraded or improved in some other way.
Effective product life cycle management offers various advantages, including
accelerating product launch, releasing a product of higher quality, enhancing
product safety, boosting revenue prospects, and minimizing mistakes and
waste. Product life cycle management can be supported by specialized
computer-based software programs that perform activities like documentation,
design integration methods, and procedure administration. Product life cycle
management lowers the total cost involved and reduce lead time for “new
product development” (NPD). In case the newly made products consist of
increasing or imitative changes to the already made old products, ground-
breaking new items, and the next-gen of the platform, there needs to be a
method for each department to manage them. This new “product development
process” (PDP) uses the product life cycle to determine what the basic shape
and arrangement of the method will look like. A good product life cycle
management is all-inclusive, secures and manages the product info, and ensures
that business procedures use and are built upon the information generated.
The three key essentials of product life cycle management are as follows:
• Information and Communication Technology (ICT): The
essential integrated platform and processes, including the
architecture, resources, and standards, are at the center
of this.
• The Processes: These cover all the parties, faculties, and
organizations concerned.
• The Methods: These are the protocols, laws, and customs.
Product life cycle management is increasing in scale as a result of the
globalization of the world economy. Giving rise to shorter production run
window, new supply chain processes, and outsourcing all necessitate the need
for businesses to have accurate and current manufacturing information.
Moreover, the Internet allows us to communicate swiftly with partners who
happen to be located far away. The modification of production requirements
may now be done during the production period because of the product life
cycle management. With segregated engineering and production divisions,
this procedure would commonly take days and even weeks, particularly if the
production plant was located abroad. Product life cycle management upsurges
the speed to market in numerous different ways:
24 Chapter 2 | Applying AI for Product Life Cycle Management
AI in PLCM
AI (artificial intelligence) has made a significant impact on various industries,
including product life cycle management (PLM). PLM refers to the process of
managing a product from its initial concept and design through its manufacturing,
distribution, use, and disposal. AI technologies can enhance various stages of
the product life cycle in the following ways:
A common use for big data analytics is to predict risk factors for inventory.
With ML capabilities, manufacturers can adjust inventory levels, reduce time
to market, and cut costs by predicting atypical shifts in market demand.
Challenges: There are numerous theoretical, methodological, technological,
and operational obstacles to the comprehensive integration of advanced
manufacturing and artificial intelligence in PLM.
30 Chapter 2 | Applying AI for Product Life Cycle Management
Conclusion
Artificial intelligence (AI) research and applications have grown exponentially
in contemporary industries due to the increasing discoveries of platforms,
algorithms, and interface techniques. Complex and exciting applications of AI
in PLM were discussed in this chapter. By mapping customers’ wants and
preferences to a product’s characteristics, capabilities, and performance in a
highly customized manner, artificial intelligence (AI) can improve design
judgment during product conception, actualization, and finely tuned design
phases of product development. Artificial intelligence (AI) helps with
perception, analysis, and decision-making throughout product manufacturing,
including sourcing decisions, product schedules, shop floor organization, and
storage logistics. The primary purpose of AI during the product service phase
is to enhance computer-human interaction, behavioral aspects of customer
service, product maintenance, disassembly and recycling, exercising control,
and making smart decisions. This will improve intelligence, informationization,
and the long-term growth in product-service ecosystems.
CHAPTER
Empowering
Customer
Experience with
AI Tools and
Technologies
Reena Malik, Chitkara Business School, Chitkara University, Punjab, India
Ambuj Sharma, Ballabh Pant Social Science Institute, Jhusi, Allahabad, India
The knowledge potential of the business can be improved with technology,
and such technological advancements can also help in improving customer
interactions. Intelligent technologies, such as artificial intelligence, are
Introduction
The biggest growth opportunity for companies nowadays is the customers’
transition from offline to online; being tech-savvy consumers, they spend
most of their time online, and this also calls for a great online experience
which today’s customers want. Companies are creating influential customer
experiences, as with the advancements in technology, the complex things
have become much easier with a single click. In order to provide enhanced
customer experience, companies are utilizing artificial intelligence. Artificial
intelligence (AI) is a disruptive technology enabling machines to mimic human
and cognitive functions. The term is also used to represent the various
capabilities of a learning system which are representative of the intelligence
level perceived by humans. The different capabilities can be of different types
like processing of natural language, automating, predicting, decision making,
etc. Applications of artificial intelligence also include image and video
recognition, understanding natural language, generating natural language,
smart automation, interactive agents, analytics, and predicting.
Artificial intelligence (AI) can perform various tasks like solving various
problems and reasoning as using this technology machines can mimic human
effective and cognitive which is required for performing such tasks [1]. In
order to take real-time decisions like predicting and other marketing-related
actions, machines present, learn, and store the information on the basis of
past and present knowledge as well as experience [2]. Machines learn while
assessing the decisions, and this enables machines to respond and adapt as per
the dynamic business environment which was not possible earlier with
traditional approaches. AI is being widely used in different fields, and certainly
it has changed the entire landscapes, especially in marketing where a transition
has happened from traditional approaches to digital approaches like usage of
chatbots, etc. Artificial intelligence has multiple things to offer like
personalization, automation, prediction, and recommendation which has
brought a revolution AI has unfolded various avenues of competitive advantage,
but AI has its limitations and challenges too. The challenges include complex
Building AI Driven Marketing Capabilities 35
designing, privacy compromise, etc. The chapter will discuss various tools of
artificial intelligence for customer engagement, AI-driven customer journey,
and enhancing customer experience. It will also discuss the challenges
posed by it.
In order to draw a conclusion, data can be processed from various platforms
with the help of AI technology. With the emergence of modern marketing,
the power has shifted from industry to consumer. Companies are increasingly
focusing on their customers’ interests and spending heavily on marketing
designing appropriate marketing strategies to reach out to their customers
[22–25]. With extensive data available on social media platforms, companies
are taking more interest in what their customers are feeling, liking, and buying.
This data can quickly be converted in real time which can be easily modified
for maximum effectiveness. Further, deeper insights can easily be availed for
optimizing digital advertising and account-based marketing [11].
easier by separating sorting and prioritizing the data. Platforms like AI are
addressing the needs of the next generation by providing hyper-personalized
offerings to clients.
Customer-Centric Choices
AI utilizing the advanced technology gathers valuable insights in order to
understand their customers and make choices which are customer-centric. AI
systems provide market information to the marketers by evaluating and
analyzing different platforms on the Internet, which enables marketers to
develop personas of consumers. Developing personas needs information like
purchasing patterns and habits, interests, referrals, previous interactions and
communications, etc.
Customize Shopping Processes
By making simulation models and interacting with virtual assistants, artificial
intelligence can customize the shopping process as per customer convenience.
Various companies are using AI technology to interact with their customers.
These technologies are intelligent as they can propose the inventory by
utilizing the data on previous purchases and searches made by the customers.
AI is outperforming humans in varied areas and growing rapidly. They can
predict the market trend more precisely and provides valuable inputs for
decision making. The user experience can be enhanced immensely utilizing
the information provided by AI.
High Conversion
Companies are able to improve their operational efficiency with the help of
these intelligent technologies, making the customer experience better. The
target customers can easily be identified utilizing the data made available by
AI, and the conversion rate can also be improved with minimum effort [34].
Customer Preferences
Demographic data of the customers and data on their preferences can be
availed by using AI tools, and marketers can target the customers with
personalization and customization. Future marketing strategies can easily be
built on the information availed through AI tools to make the customer
experience better and more seamless.
Timely Delivery of Message
A better understanding of the customers through AI enables marketers to
give away the right message to the actual and potential customers. A
comprehensive profile of each consumer can be prepared with the help of AI
while having an interaction with the customer. Utilizing this profile, personalized
content can be created and forwarded to the customers [17]. With the
Building AI Driven Marketing Capabilities 39
advancement of technology and tools like AI, data can be collected from
various sources easily, as on the Internet, it is present everywhere like profiles
of consumers, browsing history, keyword searches, etc.
Artificial intelligence can be used for identifying and forecasting trends for the
future by the marketers, as on the basis of this forecasting, they can take
significant decisions like allocating budgets and target audience. Spending on
advertising can be done cautiously, especially digital marketing, and more
focus can be done on other important works [3, 5]. AI plays a crucial role in
all the phases from planning to the conversion and finally to the loyalty phase.
Marketing strategies or campaigns designed utilizing AI having more chances
of success. Thus, companies can also develop a competitive advantage using
AI to those in the industry not utilizing it [6, 19]. With the help of AI,
marketers can generate engaging content like short stories and videos
targeting their audience.
Title: The lesser Key of Solomon, Goetia, the book of evil spirits
contains two hundred diagrams and seals for
invocation and convocation of spirits, necromancy,
witchcraft and black art
Editor: L. W. De Laurence
Language: English
Copyright, 1916
By
de LAURENCE, SCOTT & CO.
SPECIAL NOTICE
Ex Deo Nascimur.
In Jesu Morimur.
Per S.S. Reviviscimus.
Given forth from our Mountain of A., this day of C.C. 1903 A. D.
PRELIMINARY INVOCATION.
Hear Me:—
Ar: Thiao: Rheibet: Atheleberseth:
A: Blatha: Abeu: Ebeu: Phi:
Thitasoe: Ib: Thiao.
Hear Me, and make all Spirits subject unto Me: so that every Spirit of
the Firmament and of the Ether; upon the Earth and under the Earth:
on dry Land and in the Water: of Whirling Air, and of rushing Fire:
and every Spell and Scourge of God may be obedient unto Me.
I invoke Thee, the Terrible and Invisible God: Who dwellest in the
Void Place of the Spirit:—
Arogogorobraō: Sothou:
Modoriō: Phalarthaō: Döö: Apé, The Bornless One:
Hear Me: etc.
Hear me:—
Roubriaō: Mariōdam: Balbnabaoth: Assalonai: Aphniaō: I: Thoteth:
Abrasar: Aëöōü: Ischure, Mighty and Bornless One!
Hear me: etc.
I invoke thee:—
Hear me!
Aōth: Abaōth: Basum: Isak:
Sabaoth: Iao:
Hear Me:—
Ieou: Pūr: Iou: Pūr: Iaōt: Iaeō: Ioou: Abrasar: Sabriam: Do: Uu:
Adonaie: Ede: Edu: Angelos ton Theon: Aniaia Lai: Gaia: Ape:
Diathanna Thorun.
I am He! the Bornless Spirit! having sight in the feet: Strong, and the
Immortal Fire!
I am He! the Truth!
I am He! Who hate that evil should be wrought in the World!
I am He, that lighteneth and thundereth.
I am He, from Whom is the Shower of the Life of Earth:
I am He, Whose mouth ever flameth:
I am He, the Begetter and Manifester unto the Light:
I am He; the Grace of the World:
Come Thou forth, and follow Me: and make all Spirits subject unto
Me so that every Spirit of the Firmament, and of the Ether: upon the
Earth and under the Earth: on dry Land, or in the Water: of whirling
Air or of rushing Fire: and every Spell and Scourge of God, may be
obedient unto me!
Iao: Sabao:
(1) Sight.
The circle, square, triangle, vessels, lamps, robes, implements,
etc.
(2) Sound.
The invocations.
(3) Smell.
The perfumes.
(4) Taste.
The Sacraments.
(5) Touch.