The document discusses how marketing functions are perceived within organizations and the expanding responsibilities of CMOs. It finds that while CMOs view marketing as more strategic, the perception of marketing as a strategic partner has declined in the past three years according to other heads of departments. Additionally, marketing functions that are seen as more strategic have a broader scope of responsibilities, with many CMOs now having lead responsibility for data as well. The document advocates for a digitally integrated, cross-functional marketing structure to future proof marketing teams.