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first rule of marketing analytics
forget about the customer
If you had a $1,000,000, what marketing channels would you invest in to get new customers?
challenge #1
The customer decision journey has become very
complex
evaluation
discovery research
analysis
consideration
action
purchase
advocacy
create awareness stimulate engagement drive impact build loyalty
customerknowledgeaboutyourproduct
customer phase of the decision journey
the customer decision journey
challenge #2
The marketing data ecosystem has become very
fragmented
challenge #3
We utilize outdated tools and methodologies to measure
success
manual measurement silos
“ I Win” “No I Win” “ No it was me!” “ All me baby!” “I never win” “I am pretty”
why we must change our approach
The result of this historical approach to measuring marketing at a customer level leaves marketers
making 100% of their marketing channel investment decisions with 1% of the information.
Marketers today are still utilizing analytics methodologies of the past to solve for the complex
data ecosystem and decision journey of today
marketing analytics measurement funnel
marketing awareness
marketing engagement
marketing
impactHolistic Dashboard Strategy
all data in one source of truth
to understand correlation and
channel performance
example dashboards - holistic impact
• Construct your media impact
funnel to understand investment
performance
• Identify key performance
behaviors within your media
funnel to optimize results and
forecast spend
• Align spend to engagement
metrics such as website visits to
key conversion events or actions
Private and Confidential - 11
Shop &
Compare
12,395
Transactions
Transaction?
example dashboards - campaign analytics
• Construct your campaign
dashboard to optimize
performance in-campaign
• Utilize a consolidated dashboard
strategy to drive cross-channel
investments and partner decision
making
• Clearly communicate results to
stakeholders while in campaign
and provide data-driven
performance results
Private and Confidential - 12
Sales Transactions
Sales Sales
marketing analytics measurement funnel
Online Performance Model
determines how channel
engagement drives impact
Online Conversion Model
determines how channels are
used in conversion
Marketing Mix Model
determines how online/offline
channel mix drives engagement
Marketing Performance
Model determines how
online/offline channel
awareness drives impact
marketing awareness
marketing engagement
marketing
impactHolistic Dashboard Strategy
all data in one source of truth
to understand correlation and
channel performance
marketing analytics framework
The most effective marketing channels are used to support
Customer Segmentation, Product Segmentation, and Market
Segment Strategies based on performance and strategy
alignment
marketing awareness
marketing engagement
marketing
impact
customer
segmentation
market segmentation
product segmentation
Customer Segments, Products, and Markets are identified to
grow market share, meet retention targets, and grow the
customer base.
measure the journey – grow your customers
Challenge #1
the complex customer journey
Challenge #2
the fractured data ecosystem
Challenge #3
manual measurement silos
• Audit all touch points for your customer journey
• Implement basic metrics to track movement
Challenges Solutions
• Centralize all data into one data platform solution
• Implement automated data integration processes
• Implement holistic automated dashboards
• Implement attribution performance measurement
build a path to success
Attribute Performance
of all sales & marketing channel
investments to understand true
channel value in order to more
effectively target spend through
a robust attribution modelHolistic Understanding
of performance & influence of
marketing on sales through a
single of truth defined and
integrated dashboard strategy
Holistic Process
to track and integrate all
investment activity across all
sales & marketing channels
through our CHANNELMIX
platform
Forecast Behavior
across all sales & marketing
channels based on a defined
and repeatable modeling
strategy
DataValue

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First Rule of Marketing Analytics: Forget the Customer - Digital Summit Phoenix

  • 1. first rule of marketing analytics forget about the customer
  • 2. If you had a $1,000,000, what marketing channels would you invest in to get new customers?
  • 3. challenge #1 The customer decision journey has become very complex
  • 4. evaluation discovery research analysis consideration action purchase advocacy create awareness stimulate engagement drive impact build loyalty customerknowledgeaboutyourproduct customer phase of the decision journey the customer decision journey
  • 5. challenge #2 The marketing data ecosystem has become very fragmented
  • 6.
  • 7. challenge #3 We utilize outdated tools and methodologies to measure success
  • 8. manual measurement silos “ I Win” “No I Win” “ No it was me!” “ All me baby!” “I never win” “I am pretty”
  • 9. why we must change our approach The result of this historical approach to measuring marketing at a customer level leaves marketers making 100% of their marketing channel investment decisions with 1% of the information. Marketers today are still utilizing analytics methodologies of the past to solve for the complex data ecosystem and decision journey of today
  • 10. marketing analytics measurement funnel marketing awareness marketing engagement marketing impactHolistic Dashboard Strategy all data in one source of truth to understand correlation and channel performance
  • 11. example dashboards - holistic impact • Construct your media impact funnel to understand investment performance • Identify key performance behaviors within your media funnel to optimize results and forecast spend • Align spend to engagement metrics such as website visits to key conversion events or actions Private and Confidential - 11 Shop & Compare 12,395 Transactions Transaction?
  • 12. example dashboards - campaign analytics • Construct your campaign dashboard to optimize performance in-campaign • Utilize a consolidated dashboard strategy to drive cross-channel investments and partner decision making • Clearly communicate results to stakeholders while in campaign and provide data-driven performance results Private and Confidential - 12 Sales Transactions Sales Sales
  • 13. marketing analytics measurement funnel Online Performance Model determines how channel engagement drives impact Online Conversion Model determines how channels are used in conversion Marketing Mix Model determines how online/offline channel mix drives engagement Marketing Performance Model determines how online/offline channel awareness drives impact marketing awareness marketing engagement marketing impactHolistic Dashboard Strategy all data in one source of truth to understand correlation and channel performance
  • 14. marketing analytics framework The most effective marketing channels are used to support Customer Segmentation, Product Segmentation, and Market Segment Strategies based on performance and strategy alignment marketing awareness marketing engagement marketing impact customer segmentation market segmentation product segmentation Customer Segments, Products, and Markets are identified to grow market share, meet retention targets, and grow the customer base.
  • 15. measure the journey – grow your customers Challenge #1 the complex customer journey Challenge #2 the fractured data ecosystem Challenge #3 manual measurement silos • Audit all touch points for your customer journey • Implement basic metrics to track movement Challenges Solutions • Centralize all data into one data platform solution • Implement automated data integration processes • Implement holistic automated dashboards • Implement attribution performance measurement
  • 16. build a path to success Attribute Performance of all sales & marketing channel investments to understand true channel value in order to more effectively target spend through a robust attribution modelHolistic Understanding of performance & influence of marketing on sales through a single of truth defined and integrated dashboard strategy Holistic Process to track and integrate all investment activity across all sales & marketing channels through our CHANNELMIX platform Forecast Behavior across all sales & marketing channels based on a defined and repeatable modeling strategy DataValue