1.) Most rely too much
on guts and Past
Experiences.
On average, marketers
depend on data for just
11 percent of all
customer-related
decisions.
2.) A majority struggle with
Statistics.
When Spenner and Bird tested
marketers' statistical aptitude
with five questions ranging from
basic to intermediate,
"almost half (44%) got four or
more questions wrong and a
mere 6% got all five right."
3.) Some are dangerously distracted by
data
"While most marketers underuse data, a
small fraction (11% in this study) just can't
get enough," The problem is, they don't
have the statistical aptitude or judgment
required to use data effectively. Every
time they see a blip on the dashboard,
they adjust -- and end up changing
direction so often that they lose sight of
end goals.
Key Qualities Managers
Must Have.
1.) Comfort with Ambiguity
2.) ability to ask strategic
questions based on data.
3.) narrow focus on higher-order
goals.
• To fully harness creativity in today's marketing
environment requires the use of objective data
points to qualify any subjectivity.
• Marketers that embrace data and/or data insights
will be seen as leading customer advocates and
'in tune' with organisational needs.
Marketers Flunk the Big Data Test.

Marketers Flunk the Big Data Test.

  • 4.
    1.) Most relytoo much on guts and Past Experiences. On average, marketers depend on data for just 11 percent of all customer-related decisions.
  • 5.
    2.) A majoritystruggle with Statistics. When Spenner and Bird tested marketers' statistical aptitude with five questions ranging from basic to intermediate, "almost half (44%) got four or more questions wrong and a mere 6% got all five right."
  • 6.
    3.) Some aredangerously distracted by data "While most marketers underuse data, a small fraction (11% in this study) just can't get enough," The problem is, they don't have the statistical aptitude or judgment required to use data effectively. Every time they see a blip on the dashboard, they adjust -- and end up changing direction so often that they lose sight of end goals.
  • 8.
    Key Qualities Managers MustHave. 1.) Comfort with Ambiguity 2.) ability to ask strategic questions based on data. 3.) narrow focus on higher-order goals.
  • 9.
    • To fullyharness creativity in today's marketing environment requires the use of objective data points to qualify any subjectivity. • Marketers that embrace data and/or data insights will be seen as leading customer advocates and 'in tune' with organisational needs.