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Solving the attribution conundrum with optimization-based marketing - Lies, Damned Lies...

Multichannel campaign optimization using combinatorial multi-armed bandit experimentation is a powerful, though nascent, alternative to traditional campaign attribution approaches for maximizing marketing ROI. Although performing true multichannel optimization requires significant investment and maturity in data, marketing automation technology and organizational alignment, it’s possible to get started in a more limited fashion by taking an optimization-driven approach in existing channels, and growing from there.

Fortunately there are a few companies which are starting to offer solutions for optimization-driven marketing and can start to help you down this path:

  • Amplero Digital campaign intelligence & optimization platform based on predictive analytics & machine learning.
  • Optimove Multichannel campaign automation solution, combining predictive modeling, hypertargeting and optimization
  • Kahuna Mobile-focused marketing automation & optimization solution
  • IgnitionOne Digital marketing platform featuring score-based message optimization; ability to activate across multiple channels
  • BrightFunnel Marketing analytics platform focusing on attribution modeling
  • ConversionLogic Cross-channel marketing attribution analytics platform, using a proprietary ML-based approach
Marteq's insight:

You really need to CT. My take: a fully optimized approach still won't give you the data you need to justify the expenditures, but it certainly maximized the output.

 

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The absolutely epic Periodic Table of Marketing Signals - Chief Marketing Technologist

The absolutely epic Periodic Table of Marketing Signals - Chief Marketing Technologist | The MarTech Digest | Scoop.it
By organizing key signals across all marketing channels, this framework helps marketers understand which signals are key to their specific campaigns’ success. Selecting signals according to campaign objectives instead of predefined sets of metrics enables marketers to better align their marketing measurement towards their goals, and generate insights more efficiently.

The Periodic Table of Marketing Signals is a visual representation of the Marketing Signals Framework and organizes signals across marketing channels according to three specific dimensions:

  • Channel: The single channel where the marketing activity is executed. It can be digital (e.g., display, paid search, social) or offline (e.g., print, TV, radio).
  • Objective: The specific business objective of the campaign or activity. Signals are categorized by the following objectives: awareness, engagement, conversion, loyalty, and advocacy.
  • Signal Type: The approach used to quantify campaign success. Signals are organized by volume, quality, efficiency and shares.
Marteq's insight:

It's not easy, but neither is the field we've chosen.

 

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7 Marketing Technologies Every Company Must Use - HBR

7 Marketing Technologies Every Company Must Use - HBR | The MarTech Digest | Scoop.it

Digest...


Analytics

Leading tools:

Far and away the most popular website analytics tool is the free Google Analytics, which is used on over 80% of small and mid-market websites. It’s definitely the place to start; at some point you may find a need for the paid version or other enterprise analytics tools such as Adobe Analytics. Note that the tools below also have their own analytics platforms.

 

Conversion Optimization

Leading tools:

• Wordstream’s free Landing Page Grader

• Optimzely lets you run A/B tests on landing pages and other website elements

• With Unbounce you can create and A/B test landing pages

• ion interactive provides tools for non-programmers to create marketing apps, which may provide higher levels of engagement and conversion than a form or content download

 

Email

Leading Tools:

• MailChimp

• Constant Contact

• Marketing automation programs (see below) usually have robust email marketing capabilities built in

 

Search Engine Marketing

Leading Tools:

• Google AdWords

• Bing and Yahoo

• WordStream

• Wordtracker

• BrightEdge

 

Remarketing

Leading Tools:

• Google AdWords remarketing

• AdRoll

• Perfect Audience (from Marin Software)

 

Mobile

The most common technique for making a mobile-ready website is to use responsive design.

 

Marketing Automation

Leading marketing automation programs for small businesses and mid-market companies:

• HubSpot

• Act-On

• InfusionSoft

Leading programs for mid-market and enterprise:

• Marketo

• Adobe Campaign

• Oracle Eloqua

• Pardot and ExactTarget (Salesforce)

• Silverpop (IBM)

 


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Marteq's insight:

Where's the data management? It's as good as a list you'll find.

Rebecca Lynch's curator insight, November 5, 2014 11:34 PM

In this article, Gudema identifies specific measuring marketing tools that can be applied to all facets of marketing - branding included. Measuring traffic and user behavior on the company website, search engine results and mobile compatibility all measure the effectiveness of branding. How can a company know if the brand is having an impact on the market? If it is playing a part in driving sales? Measuring techniques and tools mentioned in this article can answer such questions.

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Sales Tools Landscape - VentureBeat | #TheMarketingTechAlert

Sales Tools Landscape - VentureBeat | #TheMarketingTechAlert | The MarTech Digest | Scoop.it

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Marteq's insight:

The associated article focuses on which sector is innovating faster: marketing or sales. However, the accompanying graphic (above) was more compelling.

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