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Wunderman Study Future Ready Reveals That Despite Greater Access To Marketing Technology, Nearly 7 In 10 Businesses Still Struggle To Achieve Digital Readiness

Wunderman Study Future Ready Reveals That Despite Greater Access To Marketing Technology, Nearly 7 In 10 Businesses Still Struggle To Achieve Digital Readiness | The MarTech Digest | Scoop.it
A new study released today by Wunderman, the leading global digital agency, in partnership with Penn Schoen Berland, finds that despite having access to more innovative marketing tools and systems than ever, 68% of global senior business decision makers (BDMs), are still struggling to bring their data, creative and technology together. Wunderman has introduced Future Ready as a call to action for business and marketing leaders to act now in order to prepare their businesses for the future.

Other key findings from global BDMs include:

--While 99% of global BDMs believe data is critical to achieve success, 62% are unable to turn data into insights or action.
--68% of companies can't change their creative based on insights from their data.
--73% say their companies are siloed and 89% of those believe these silos impact their ability to deliver cohesive messaging.
--59% of executives surveyed remain dissatisfied with their current marketing investments.
Marteq's insight:

Wunderman Study Future Ready Reveals That Despite Greater Access To Marketing Technology, Nearly 7 In 10 Businesses Still Struggle To Achieve Digital Readiness

 

Incredibly disappointing. You can find the full study here: http://wunderman.com/thinkfutureready 

 

This news comes to you compliments of marketingIO.com. #MarTech #DigitalMarketing

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B2B Marketing Is Going Through a Technological Revolution and CMOs Are Ready to Invest - AdWeek

B2B Marketing Is Going Through a Technological Revolution and CMOs Are Ready to Invest - AdWeek | The MarTech Digest | Scoop.it
As B2B companies pour money into the systems and technologies needed to transform their marketing operations into truly global digital performance engines, we will continue to see a steady rise in marketing spend as chief marketing officers leverage their new capabilities and ability to drive (and measure) return on investment on an unprecedented scale. Because of the marketplace’s overall digital transformation, B2B CMOs are now in a better position to argue for more ad spend.

Last week, eMarketer announced its first B2B digital advertising forecast, predicting the space will total $4.6 billion in 2018, up 13 percent from this year’s projected total of $4.07 billion. What’s more, when comparing next year’s forecast versus 2013, B2B digital ad budgets will have grown by 111 percent in just five years.

The growth figures for B2B media spend actually understate the share of corporate budgets going into B2B marketing activities if you consider the material technology investments that companies are making to drive performance and efficiency from their ad spends. This investment in digital transformation of the end-to-end B2B marketing stack is allowing deeper insights, better targeting and overall efficiency in driving engagement, leads and actions.
Marteq's insight:

B2B Marketing Is Going Through a Technological Revolution and CMOs Are Ready to Invest - AdWeek

 

We're breaking through to another level...and there still isn't a rock solid method to measure attribution.

 

This news comes to you compliments of marketingIO.com. #MarTech #DigitalMarketing

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Nine Critical Issues to Consider Before You Buy Marketing Software - MarketingProfs

Nine Critical Issues to Consider Before You Buy Marketing Software - MarketingProfs | The MarTech Digest | Scoop.it
1. Determine the 'Why'

2. Advance what's working

3. Beware of 'walled gardens'

4. Keep it simple

5. Know the trends

6. Stay in your lane

7. Prioritize adoption

8. Understand the importance of ROI

9. Go for it: Avoid paralysis by analysis
Marteq's insight:

10. See if what you need already exists in current software.

11. Look for free or inexpensive solutions that can easily be integrated using Zapier.

 

RYZZ: It’s a new approach to MarTech for B2B Marketers.

 

#MarTech #DigitalMarketing

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5 Tech Challenges Marketers Face In 2017 - Forbes

5 Tech Challenges Marketers Face In 2017 - Forbes | The MarTech Digest | Scoop.it
• An enormous challenge for CMOs heading into 2017 is fully understanding the MarTech Landscape: Technology is transforming marketing faster than ever before. 

• Coping with the complexity of vendor management will be a Key Challenge for CMOs

• The pace of Innovation is Outpacing the Ability for CMOs to Grasp It. 

• More CMOs will Go Back to School (metaphorically speaking) to become more Data-Driven CMOs

• A Mega Technology Trend is that the Customer Experience (CX) will be Tracked, Better Understood through Integrated Mapping, and be the responsibility of the CMO
Marteq's insight:

I'll second the motion...

 

Curated for you by marketingIO: One Source for All Marketing Technology Challenges. See our solutions.  #MarTech #DigitalMarketing

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How Satisfied are MarTech Users? - Which 50

How Satisfied are MarTech Users? - Which 50 | The MarTech Digest | Scoop.it
While leading-edge consumers of marketing technology are passionate advocates they, like others, are surprisingly unsatisfied with the current offerings. The study finds, among other things:

  • Satisfaction with Marketing Technology is quite low — four in ten are somewhat satisfied but only 15 per cent very and four per cent extremely satisfied.
  • Users are highly satisfied when they see tangible results like increased traffic, sales conversions, improved efficiencies — case studies are needed to demonstrate ROI.
  • Lower levels of satisfaction relate to a feeling that they could be doing so much more, suggesting that more support is needed to help clients realise the full potential of their investment. Anxious to prove effectiveness, there is a level of impatience to see the return from Marketing Technology investment.
Marteq's insight:

NEW: Experience Remarkable Planning Accuracy With New, FREE Growth Hacking Tool. Go here: http://goo.gl/UjcA8x  

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The State of Marketing Technology 2016: Controlling the Chaos - Aberdeen

The State of Marketing Technology 2016: Controlling the Chaos - Aberdeen | The MarTech Digest | Scoop.it

marketingIO: One Source for All Marketing Technology Challenges. See our solutions

Marteq's insight:

Perfect for insight and overview.

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When it Comes to Marketing Platforms Extensible Is More Sensible - Oracle

When it Comes to Marketing Platforms Extensible Is More Sensible - Oracle | The MarTech Digest | Scoop.it

MarTech requires constant optimization to continually squeeze ever improving performance.

Marteq's insight:

Attainable so long as you settle for existing marketplace offerings that are integrated. BTW: don't forget about Zapier.

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Streamlining the Selection of Marketing Technology - Relevance

Streamlining the Selection of Marketing Technology - Relevance | The MarTech Digest | Scoop.it

MarTech requires constant optimization to continually squeeze ever improving performance.

Marteq's insight:

To no surprise the author is from SelectHub, but that doesn't mean I shouldn't bring this source of assistance to you. Good stuff.

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Convincing Skeptical Employees to Adopt New Technology - HBR

Convincing Skeptical Employees to Adopt New Technology - HBR | The MarTech Digest | Scoop.it

iNeoMarketing executes your revenue-generating efforts with the right metrics and the appropriate reports. Contact us to learn more.

Marteq's insight:

Outside of CRM, I cannot think of any MarTech application that requires a company-wide roll-out. Regardless, the only point that stands out as new is the effort to build the technology into daily routines (smart).

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5 Trends Driving The Marketing Cloud Revolution | Oracle Marketing Cloud

5 Trends Driving The Marketing Cloud Revolution | Oracle Marketing Cloud | The MarTech Digest | Scoop.it

► About Us: iNeoMarketing provides Marketing Technology services, applications and support to B2B companies who do not have the required resources, knowledge or expertise. Visit us at ineomarketing.com. ◄

Marteq's insight:

I don't know why Predictive seems to be following Moore's "Chasm" pattern: it's a no-brainer addition to your MarTech platform. And it has the potential to be so damn powerful.

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Integrated or 'best-of-breed' Marketing Tech - which is preferred? - Smart Insights

Integrated or 'best-of-breed' Marketing Tech - which is preferred? - Smart Insights | The MarTech Digest | Scoop.it

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Forget Shadow IT; Here Comes Shadow Marketing - Gartner

Forget Shadow IT; Here Comes Shadow Marketing - Gartner | The MarTech Digest | Scoop.it

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Marteq's insight:

Bear in mind that the IT organization is building a shadow marketing function, as there is a marketing technology leadership void. IT's shadow marketing group is gaining ground, and CIO.com has written about it.


And I'm not entirely sure that CMOs are, or can, tamp down on this.

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The Next Era of Marketing: Aditya Joshi of Bain on Strategists, Technologists and Analysts - Marketo

The Next Era of Marketing: Aditya Joshi of Bain on Strategists, Technologists and Analysts - Marketo | The MarTech Digest | Scoop.it

Digest...


Aditya leads the marketing excellence practice at Bain, and works with some of the world’s leading brands and marketers. Here are my takeaways from this insightful conversation:

  1. First and foremost, fellow CMOs, our role is going to expand. As Aditya says, our “visibility, [our] profile, the profile of the marketing organization — are all going to increase”. The importance of our ability to collaborate with other functions — IT, finance — and embrace the need to set up cross-functional decision-making processes cannot be understated.
  2. Second, the marketing organization of the future is going to look different. In this new world, marketing organizations need different skills than they have today. Aditya comments, “what you essentially need is a modern-day DaVinci”. But those, as we know, are rare, so we as CMO’s need to create “DaVinci in the aggregate”. Aditya describes three key roles emerging as we move towards an engagement marketing model: marketing strategists, marketing technologists and marketing analysts. Each will play a critical part in creating, publishing and distributing content in a world where consumers are setting the terms for how they want to be engaged.
  3. Third, marketing now needs to move at the speed of digital. That means fast. Really fast.  Aditya comments on how traditional marketing models rely on long creative cycles that ultimately provide insight/feedback for next year’s campaign. But, that model doesn’t work anymore — or, at the very least, it doesn’t capitalize on the opportunity of today’s digital world to “get real-time feedback” from customers.  At the most, marketers put themselves at real risk by not practicing “agile marketing” since, as Aditya observes, “A long cycle increases the risk that consumers have moved on to the next thing and your campaign won’t be effective”.

 

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Marteq's insight:

A great interview, and points to exactly what is happening in the world of marketing as it is driven by technology.

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Yes, business leader, you have a tech budget. But you still need IT. Here’s why | VentureBeat | Business | by Mo Marshall

Yes, business leader, you have a tech budget. But you still need IT. Here’s why | VentureBeat | Business | by Mo Marshall | The MarTech Digest | Scoop.it

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Marteq's insight:

Bingo! And THAT'S why you need (must!) incorporate IT on any and all decisions regarding MarTech acquisition, especially when considering using in-house data.

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How To Ensure Your Marketing Tech Investments Address Business Needs - MarketingLand

How To Ensure Your Marketing Tech Investments Address Business Needs - MarketingLand | The MarTech Digest | Scoop.it

Excerpt...


"The facilitator will focus first on understanding why a system is being considered and the benefits expected for customers and/or prospects. Once these factors are understood, other points that should be addressed include:

-- >  Functional Impact: What impact will the new solution have on the marketing organization and existing processes? What new processes will be needed? Will there be a need for new staff? What impact will there be on other organizations within the company? Has that impact been communicated and committed to?

-- >  ROI: What ROI is required to yield success? In what timeframe does the ROI need to be achieved?

-- >  Risks: What risks are associated with the new solution? What are the risks if the new solution is not pursued?

-- >  Configurability: How flexible and easy to modify does the solution need to be?

-- >  Ease of Use: How easy is the solution to use? How do you want to access the solution (SaaS, private cloud, network)? How much resource availability do you have to maintain the application? What customer support do you need from the solution provider?

-- >  Analytics/Reporting: What type of reports do you need? How do you want to access reports?

-- >  Robustness: How many transactions do you need to process daily? How many do you need to process concurrently? How many users do you need to access the system?

-- >  Integration and Security: Do you need a solution that will integrate with existing solutions in the marketing stack? What are your security standards?"

 

 

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Marteq's insight:

It's all about the internal requirements, and matching those internal requirements with external vendor offerings. Click through for a greater understanding of "JAR."

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