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2018 Leadership Perspectives: Leveraging Data and Technology to drive marketing success

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PAGE 4 PLAYING IT SAFE Marketing leaders' priorities reflect a conservative risk profile. When asked about their top strategic priorities, more than half of marketing leaders cited the use of data analytics for decision making. Using technology to streamline marketing operations and integrating data across more technologies also topped the list. Advanced applications of marketing data and technology, such as predictive marketing and AI, were far less frequently cited, with only 25% of marketing leaders identifying these areas as a top priority. What does this tell us? "The response suggests that marketing leaders are playing it safe with their marketing strategies. Using data to drive better decisions, leveraging technology to streamline operations, and focusing on data integration are all good plays, but they 're also safe plays. There's nothing wrong with playing it safe, but ideally, marketers will also be taking calculated risks by rolling out proof of concepts to explore the value and impact of new technologies—something more and more of our clients are asking us to help them with." A 2017 study conducted by EY and Forbes corroborates this analysis. The study found that organizations that have maximized the potential of advanced analytics, such as predictive analytics and AI, tend to be top performers, yet many organizations have yet to implement these strategies. 1 1 Forbes Insights, Data & Advanced Analytics: High Stakes, High Rewards, 2017. 53% 42% 42% 39% 39% 38% 25% What are the top priorities for a marketing data and technology strategy? Using data analytics for decision-making Streamlining marketing with technology Integrating data across more technologies Developing a more eective strategy Improving data quality and accuracy Generating reliable and relevant data Using predictive marketing and AI

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