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Why Data May Be Steering You Into the Rocks - Convince & Convert | #TheMarketingAutomationAlert

Why Data May Be Steering You Into the Rocks - Convince & Convert | #TheMarketingAutomationAlert | The MarTech Digest | Scoop.it
Data and insight are not the same thing. How companies are short-changing their marketing by focusing on facts, not answers, including an amazing example.


Key excerpt...


Do not rely on data alone to make marketing and product decisions. Even with your array of seemingly magical software, the best way to find true insights is by actually talking to your customers.

 

If you don’t have a program in place to routinely probe the motivations and routines and lifestyles and thought processes of your current and prospective customers, stop worrying about Facebook and get that process in place today.

Marteq's insight:

The author provides a brief case study from a candle manufacturer client who understood who was purchasing their products, but not why. The "why" is sometimes not discoverable via data analysis, so just as a baseball scout will look at the metrics, he/she will also eyeball the subject to fully understand the why behind the metrics.


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Want To Better Understand Data And Metrics? A Recommended Reading List | Forrester Blogs

Want To Better Understand Data And Metrics? A Recommended Reading List | Forrester Blogs | The MarTech Digest | Scoop.it

Overview...


Here are five I think might help you too:

  1. The Tiger That Isn’t.
  2. Web Analytics For Dummies.
  3. Keep Up with Your Quants
  4. Information Is Beautiful.
  5. Forrester’s own Customer Insights Blog.
Marteq's insight:

You'll want to click through for a summary of each. Better than taking a refresher stat course.


  • See the article at blogs.forrester.com
  • Receive a daily summary of The Marketing Automation Alert directly to your inbox. Subscribe here (your privacy is protected).
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  • iNeoMarketing drives more revenue and opportunities for B2B companies using marketing technologies. Contact us
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Three Steps for Making (Big or Small) Data Work for Marketers - Profs

Three Steps for Making (Big or Small) Data Work for Marketers - Profs | The MarTech Digest | Scoop.it

No Big Data?  No problem. The author offers some very obvious points, but our guess is that many of us just don't do what he offers in this summary...


With a few simple steps, data can work for you even if you don't have fancy tools. Here are three steps that can make the most impact.

1. Get to know the data

Take a look around your organization and see what is being measured.  Start with your own department, noting that what is reported is typically a culled down version of a larger set of data. See whether there are things being measured that can help paint a larger picture of customer behavior, or can be used across functions. Next, check out what other departments are measuring and see whether relevant information is already being aggregated; you'd be surprised at the metrics that may not be shared across departments.

2. Measure everything

If you're not already measuring everything that you have control over, start now. Doing so can be as simple as creating a spreadsheet and using a naming system that gives everything you do a marketing type, campaign name, target audience, and date. Then, any information you collect, from Facebook posts to product announcements, can go into the spreadsheet for measurement.

3. Measure often

Once you've started measuring everything, make sure you set regular times to do a full metrics check. For our marketing team, we do a weekly pull of data from across the department every Thursday afternoon.

 

Using those three steps can help you gain greater control over your organization's marketing efforts and it can lead to better and more rapid decision making. Over time, you should be able to uncover valuable insight into campaign performance, product adoption, social media channel effectiveness, marketing messaging optimization, and a lot more.



Marteq's insight:

 

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  • iNeoMarketing merges marketing automation with content marketing for a powerful lead management solution, configured and managed by our knowledgeable, experienced staff.  Contact us
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