Up until 24 months ago, understanding someone’s intent in digital channels required a bit of guesswork. You might know what someone searched, what they clicked on, their dwell time, their return rate. From that, savvy data-centered brands have done their best to infer intent, but all they really had metrics for was attention. Capturing that attention fueled the rise of what many have termed an Attention Economy: that’s what ads are about; they’re what social media is about; and, in the end, that’s what brands have convinced themselves is the goal.
But what if marketers and digital leaders knew what people were really thinking — what they really need? If you could know what someone really wanted instead of just the faint signals sent to digital systems, you’d be a step ahead of your competitor in hypertargeting those needs.
With the advent of generative AI, where people have learned to pour detailed prompts into systems to get exactly what they want, the gap between inferring intent and knowing intent has narrowed dramatically, leading some to declare this the start of a new era: the Intention Economy.
Intention Economy Defined
The Intention Economy represents a shift from an economy that competes for our eyeballs to one that truly understands and serves our needs. Just as businesses had to go digital to succeed, a new transformation is necessary again—one that has been driving our work at Huge, a global design and technology agency. Thanks to generative AI, this time the pressure is on brands to offer truly intelligent experiences that supply what someone actually wants.
While Doc Searls first coined the term “Intention Economy” in 2006 to describe a customer-driven marketplace, a paper recently published in the Harvard Data Science Review has given it a provocative new spin. Powered by advancements in AI and machine learning, the authors define a potential future economic landscape where LLMs can effectively capture, interpret and potentially manipulate users' motivations and intentions. In other words, your desires are becoming the new currency.
This isn't just about keywords anymore. As our digital modes of engagement evolve, a new data-scape is emerging. We're talking hundreds of words of rich, contextual data flowing through conversational interfaces. This is the equivalent of evolving from caveman grunts to Shakespeare. And for the first time, AI isn't just listening – it understands.
