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TERADATA MARKETING APPLICATIONS / WHITEPAPER
Marketing Agility
2
MARKETING.TERADATA.COM
MARKETING AGILITY
Today’s customers move at the speed of their digital
devices. They’re hyper-distracted on all levels and
bombarded with messages from every angle. The
digital landscape they exist in is a continuously
moving, evolving environment.
Marketers who recognize this fundamental truth
understand that putting the customer at the
center of their organization – and gaining a true
understanding of their habits and pain points
– is the key to creating strong, individualized,
and agile connections.
According to Gartner, “Agility is the ability of an
organization to sense environmental change and
respond efficiently and effectively to that change.
To navigate dynamic market conditions effectively,
organizations need to become more agile in making
major CRM business transformations, changing
business direction, re-engineering customer
processes and accelerating execution. To succeed,
they must have this ability readily enabled through
the use of technology, supported by their enterprise
architecture and IT infrastructure. Technology
facilitates and enables agility within an organization,
but only if it is appropriately used.”2
To achieve Individualized Marketing – the ability to
build experiences with an individual on her channel
of choice in a consistent, dynamic, and engaging
way – marketers must be able to adapt or refocus
their efforts quickly and successfully in response to
changes in customer behavior, market conditions, and
business direction to benefit market share or share of
wallet. This is a concept we call marketing agility.
Introduction
Enterprises recognize the need to
increase agility throughout their
organizations, with the number of
distributed agile teams growing
from 35% to 80% in 2014.1
Are you able to quickly and
accurately measure the
impact of your marketing
activities?
	 Can you identify the ROI
on each of your campaigns
without having to combine
data to get results?
	 Is your external agency
work coordinated and
consolidated?
	 Do you have full visibility into
budget allocation and into
the status of each project?
	 Are your most up-to-date
and compliant assets easily
accessible?
	 Have you established
repeatable workflows to
streamline your efforts
	 Do you have the ability to
continuously improve your
marketing?
	 Do you have a system in
place to help you with
employee turnover?
3
MARKETING.TERADATA.COM
MARKETING AGILITY
The benefits of increasing marketing agility are both
measurable and substantial. In fact, highly agile
organizations report they meet goals and business
objectives 83% of the time, compared to 59% of less
agile organizations.3
Becoming a truly agile marketing organization
requires a commitment to streamlining internal
collaboration and efficiency as well as fine-tuning
performance and optimization through Marketing
Resource Management.
The best place for organizations to begin increasing
agility is to establish an overall marketing plan that is
clearly defined from strategy to process execution.
Marketers might use some of these considerations to
guide their initiatives:
Marketing agility
83%
of agile organizations
report they meet
goals and business
objectives
Streamlining collaboration & efficiency
Fine-tuning performance & optimization
4
MARKETING.TERADATA.COM
MARKETING AGILITY
By determining which pieces of the overall
marketing strategy are causing bottlenecks within
the organization, marketers can help ensure their
Marketing Resource Management solution enables
comprehensive marketing activity views to provide a
more consistent, individualized customer experience.
To promote collaboration and efficiency, marketing
organizations must focus on the centralized
management of all marketing programs and
initiatives. This centralization helps marketers
avoid creating an environment of unmanageable
complexity as well as ensuring marketing budgets
and resources achieve the highest return. By directly
aligning activities to budgets and spending accounts
and by developing reusable process workflows that
support the timely delivery of all campaign assets
and creative content, marketers can respond – at
the speed of the customer – to emerging trends.
Additionally, marketers decrease the potential for
missed opportunities by having all the relevant
information and assets they need at their fingertips.
Insights into how specific campaigns are performing
can be identified at the juncture of analytics
and operations. Once those integrated insights
are revealed, marketers can focus on improving
performance and optimization by appropriately
adjusting campaign execution to ensure the highest
return on investment. This operational agility
consistently improves performance. In fact, Gartner
“has recognized the importance of agility as a critical
attribute for organizations in demanding market
conditions, if they are to thrive and compete with
CRM initiatives that deliver outstanding results”.4
Centralizing the
management of all
marketing programs
Aligning marketing
activities to budgets
and spending accounts
Developing
reusable process
workflows
Responding at
the speed of the
customer
Adjusting campaign
execution based on
analytical insights
Improving marketing
performance by employing
proven strategies for success
Remaining agile throughout
a campaign so changes can
be made in real-time
5
MARKETING.TERADATA.COM
MARKETING AGILITY
Agile operations management
When weighing the operations considerations
associated with becoming an agile marketer, the
following categories top the list:
•	 Planning and spend management
•	 Workflow and collaboration management
•	 Marketing asset management
Planning and spend
management
By seeing limited marketing resources more clearly
– and more thoroughly – marketers can get the most
return on their investment. For example, marketers
who are able to reallocate marketing dollars mid-
campaign in order to invest in more successful
approaches are the ones who get the best returns on
their marketing investments. Additionally, those who
are able to strategically align budget with resources
create a highly-productive marketing environment.
In fact, 67% of organizations with high agility finished
their project on budget, compared to 45% of
organizations with low agility.5
The converse is true as well. When a lack of
visibility into how marketing resources are being
allocated exists, marketing costs – and missed
opportunities – tend to increase. According to the
Project Management Institute, 61% of organizations
responded that they struggle with connecting
strategy and execution, causing them to lose
$109 million for every $1 billion invested in
projects and programs.6
Another consideration for improving planning and
spend management is to establish a centralized
marketing calendar that links every action on the
calendar to the spend that supports it. This provides
greater visibility into every strategic initiative…
and its measurable results. Having access to this
information also enables informed conversations and
helps eliminate opinion battles with fact-based data.
of high-performing organizations
leverage all data and analytics to improve
marketing effectiveness (while only
35% of low-performing organizations
leverage all data and analytics to
improve marketing effectiveness).7
52%
By enabling up-to-the-minute insights into current
spending rates and budget adherence, marketers
are empowered to make well-informed decisions
about what’s driving success for strategic initiatives
(and what’s not) and to make adjustments with
flexibility and immediacy. The Harvard Business
Review reports:
Additionally, the ability to choreograph and
manage all the intra-agency and inter-agency
communications and activities that support the
creation, execution, and governance of omni-channel
customer campaigns is essential to an organization’s
efficiency, agility, and overall success. Why? Because
the system itself manages the process, thus leaving
more time for marketers to be creative.
The workflows created
for creation, execution,
and governance should
be broad enough to
enable a complete end-
to-end process and
should encompass all
steps of the marketing
activity. That’s where the
true power of workflow
and collaboration
management is revealed.
6
MARKETING.TERADATA.COM
MARKETING AGILITY
Marketing asset
management
The best and most effective marketing efforts
require that an organization’s creative assets are
designed, edited, produced, and delivered in a way
that consistently and automatically invokes executive,
marketing, and legal approval mechanisms. By
harmonizing these operations in an efficient and
compliant way, marketers can ensure their digital and
creative content is both effective and compliant.
Only 27% of marketers, however, have a process in
place to aggregate, organize and manage the visual
assets being used across various organizational
teams… even though 65% of marketing executives
believe that visual assets are central to how their
brand story is communicated.9
By prioritizing a close and efficient process with
creative asset production partners, marketers can
position their organizations to successfully deliver
streamlined, approved, and compliant assets at the
speed each customer wants and expects.
The best marketing asset management approach
establishes a consistent process for creation and a
single place to store properly licensed and approved
assets. The financial benefits of this repository are
undisputable – marketers have the most up-to-date
creative pieces they require at their fingertips, and
there is never a cost associated with replacing lost or
misplaced assets.
Workflow and collaboration
management
Creating an agile workflow requires a clear
understanding of all incoming marketing requests
so work can be prioritized and executed with pre-
established, reusable workflows. Optimizing a global
marketing team’s efforts with reusable workflows
maximizes an organization’s marketing efforts
while simultaneously ensuring process compliance
and reporting. And to prove the importance of
compliance, a
KPMG report
states that 54%
of companies
rated “regulatory
compliance” as
very or critically
important to their
strategy this year,
only behind data
analytics (56%).8
Data
analytics
Regulatory
compliance 54%
56%
CriticalNot
important
7
MARKETING.TERADATA.COM
MARKETING AGILITY
Conclusion
The path to Individualized Marketing requires that
organizations are structurally and technologically
able to make agile, real-time decisions based on
measurable marketing campaign data and results.
As MillwardBrown Vermeer states,
“Winning brand leaders balance
agility and an understanding of
new technologies, touch points and
partners, with in-depth, consumer
insights-led strategic planning, and
long term brand consistency.”10
By putting customer wants, needs, and expectations
at the forefront of everything they do, leading
companies are better equipped to use agile
marketing to enable relevant, real-time customer
experiences that ultimately increase bottom line
benefits. And Forrester agrees,
“Analyzing data from every
customer interaction provides
valuable insights to drive ongoing
interactions, enhance offer
details, or course-correct
in-flight campaigns.”11
Assessing, updating, and enabling an agile marketing
technology landscape – for both internal and
external needs – is a key component of progressing
toward true Individualized Marketing, where each
customer’s unique need is addressed with relevance
and in real-time.
8
MARKETING.TERADATA.COM
MARKETING AGILITY
1 VersionOne 9th Annual State of Agile Survey, April 2015,
https://www.versionone.com/pdf/state-of-agile-
development-survey-ninth.pdf
2 Gartner; Kimberly Collins, Daryl C. Plummer; Apply
Gartner’s Agility Model to Increase Innovation in CRM;
09/29/2015
3 Project Management Institute, Organizational
Agility, 2012, http://www.pmi.org/~/media/PDF/
Research/Organizational-Agility-In-Depth-Report.
ashx?M=73e5a9b2-0209-4dfa-b9f9-b71fa7a8207f
4 Gartner; Kimberly Collins, Daryl C. Plummer; Apply
Gartner’s Agility Model to Increase Innovation in CRM;
09/29/2015
5 Project Management Institute, Capturing the Value of
Project Management, 2015, http://www.pmi.org/~/media/
PDF/learning/pulse-of-the-profession-2015.ashx
6 Project Management Institute, The High Cost of Low
Performance, 2014, http://www.pmi.org/~/media/PDF/
Business-Solutions/PMI_Pulse_2014.ashx
7 Harvard Business Review; Marc deSwaan Arons, Frank
van den Driest, Keith Ward; Spotlight on the New
Marketing Organization: The Ultimate Marketing Machine;
July/August 2014, http://content.mbvermeer.com/hs-fs/
hub/465391/file-2524208500-pdf/MBVermeer-HBS-
Article.pdf?t=1442001317599
8 KPMG Transforming for Growth: Consumer Business
in the Digital Age, July 2014, https://www.kpmg.com/
Global/en/IssuesAndInsights/ArticlesPublications/
global-consumer-executive-top-of-mind-survey-2014/
Documents/top-of-mind-survey-2014-v2.pdf
Find out how Teradata can help
you at Marketing.Teradata.com
References
9 CMO Council, From Creativity to Content: The Roles of
Visual Media in Impactful Brand Storytelling, August 2015
http://www.cmocouncil.org/images/uploads/297.pdf
10 MillwardBrown Vermeer, Building Marketing
Capabilities to Fuel Growth, May 2015
http://mbvermeer.com/wp-content/
uploads/2015/05/Vermeer_FuelGrowth_May13b.
pdf?submissionGuid=73894f3d-a824-4c7d-b23c-
dca6bb1a9e8b
11 Forrester: Rusty Warner with Srividya Sridhara,
Samantha Ngo; Brief: Demystifying Real-Time Interaction
Managment; February 2015 https://www.forrester.com/
report/Brief+Demystifying+RealTime+Interaction+Mana
gement/-/E-RES116803
4th Floor, 3 London Bridge Street, London SE1 9SG, United Kingdom     Marketing.Teradata.com
“We power marketing.” is a trademark, and Teradata and the Teradata logo are registered trademarks of Teradata Corporation and/or its affiliates in the U.S. and
worldwide. Teradata continually improves products as new technologies and components become available. Teradata, therefore, reserves the right to change
specifications without prior notice. All features, functions, and operations described herein may not be marketed in all parts of the world. Consult your Teradata
representative or Marketing.Teradata.com for more information.
Copyright © 2016 by Teradata Corporation     All Rights Reserved.     Produced in UK
03.16 EB-9336

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Marketing_Agility_Whitepaper_EB-9336

  • 1. TERADATA MARKETING APPLICATIONS / WHITEPAPER Marketing Agility
  • 2. 2 MARKETING.TERADATA.COM MARKETING AGILITY Today’s customers move at the speed of their digital devices. They’re hyper-distracted on all levels and bombarded with messages from every angle. The digital landscape they exist in is a continuously moving, evolving environment. Marketers who recognize this fundamental truth understand that putting the customer at the center of their organization – and gaining a true understanding of their habits and pain points – is the key to creating strong, individualized, and agile connections. According to Gartner, “Agility is the ability of an organization to sense environmental change and respond efficiently and effectively to that change. To navigate dynamic market conditions effectively, organizations need to become more agile in making major CRM business transformations, changing business direction, re-engineering customer processes and accelerating execution. To succeed, they must have this ability readily enabled through the use of technology, supported by their enterprise architecture and IT infrastructure. Technology facilitates and enables agility within an organization, but only if it is appropriately used.”2 To achieve Individualized Marketing – the ability to build experiences with an individual on her channel of choice in a consistent, dynamic, and engaging way – marketers must be able to adapt or refocus their efforts quickly and successfully in response to changes in customer behavior, market conditions, and business direction to benefit market share or share of wallet. This is a concept we call marketing agility. Introduction Enterprises recognize the need to increase agility throughout their organizations, with the number of distributed agile teams growing from 35% to 80% in 2014.1
  • 3. Are you able to quickly and accurately measure the impact of your marketing activities? Can you identify the ROI on each of your campaigns without having to combine data to get results? Is your external agency work coordinated and consolidated? Do you have full visibility into budget allocation and into the status of each project? Are your most up-to-date and compliant assets easily accessible? Have you established repeatable workflows to streamline your efforts Do you have the ability to continuously improve your marketing? Do you have a system in place to help you with employee turnover? 3 MARKETING.TERADATA.COM MARKETING AGILITY The benefits of increasing marketing agility are both measurable and substantial. In fact, highly agile organizations report they meet goals and business objectives 83% of the time, compared to 59% of less agile organizations.3 Becoming a truly agile marketing organization requires a commitment to streamlining internal collaboration and efficiency as well as fine-tuning performance and optimization through Marketing Resource Management. The best place for organizations to begin increasing agility is to establish an overall marketing plan that is clearly defined from strategy to process execution. Marketers might use some of these considerations to guide their initiatives: Marketing agility 83% of agile organizations report they meet goals and business objectives
  • 4. Streamlining collaboration & efficiency Fine-tuning performance & optimization 4 MARKETING.TERADATA.COM MARKETING AGILITY By determining which pieces of the overall marketing strategy are causing bottlenecks within the organization, marketers can help ensure their Marketing Resource Management solution enables comprehensive marketing activity views to provide a more consistent, individualized customer experience. To promote collaboration and efficiency, marketing organizations must focus on the centralized management of all marketing programs and initiatives. This centralization helps marketers avoid creating an environment of unmanageable complexity as well as ensuring marketing budgets and resources achieve the highest return. By directly aligning activities to budgets and spending accounts and by developing reusable process workflows that support the timely delivery of all campaign assets and creative content, marketers can respond – at the speed of the customer – to emerging trends. Additionally, marketers decrease the potential for missed opportunities by having all the relevant information and assets they need at their fingertips. Insights into how specific campaigns are performing can be identified at the juncture of analytics and operations. Once those integrated insights are revealed, marketers can focus on improving performance and optimization by appropriately adjusting campaign execution to ensure the highest return on investment. This operational agility consistently improves performance. In fact, Gartner “has recognized the importance of agility as a critical attribute for organizations in demanding market conditions, if they are to thrive and compete with CRM initiatives that deliver outstanding results”.4 Centralizing the management of all marketing programs Aligning marketing activities to budgets and spending accounts Developing reusable process workflows Responding at the speed of the customer Adjusting campaign execution based on analytical insights Improving marketing performance by employing proven strategies for success Remaining agile throughout a campaign so changes can be made in real-time
  • 5. 5 MARKETING.TERADATA.COM MARKETING AGILITY Agile operations management When weighing the operations considerations associated with becoming an agile marketer, the following categories top the list: • Planning and spend management • Workflow and collaboration management • Marketing asset management Planning and spend management By seeing limited marketing resources more clearly – and more thoroughly – marketers can get the most return on their investment. For example, marketers who are able to reallocate marketing dollars mid- campaign in order to invest in more successful approaches are the ones who get the best returns on their marketing investments. Additionally, those who are able to strategically align budget with resources create a highly-productive marketing environment. In fact, 67% of organizations with high agility finished their project on budget, compared to 45% of organizations with low agility.5 The converse is true as well. When a lack of visibility into how marketing resources are being allocated exists, marketing costs – and missed opportunities – tend to increase. According to the Project Management Institute, 61% of organizations responded that they struggle with connecting strategy and execution, causing them to lose $109 million for every $1 billion invested in projects and programs.6 Another consideration for improving planning and spend management is to establish a centralized marketing calendar that links every action on the calendar to the spend that supports it. This provides greater visibility into every strategic initiative… and its measurable results. Having access to this information also enables informed conversations and helps eliminate opinion battles with fact-based data. of high-performing organizations leverage all data and analytics to improve marketing effectiveness (while only 35% of low-performing organizations leverage all data and analytics to improve marketing effectiveness).7 52% By enabling up-to-the-minute insights into current spending rates and budget adherence, marketers are empowered to make well-informed decisions about what’s driving success for strategic initiatives (and what’s not) and to make adjustments with flexibility and immediacy. The Harvard Business Review reports:
  • 6. Additionally, the ability to choreograph and manage all the intra-agency and inter-agency communications and activities that support the creation, execution, and governance of omni-channel customer campaigns is essential to an organization’s efficiency, agility, and overall success. Why? Because the system itself manages the process, thus leaving more time for marketers to be creative. The workflows created for creation, execution, and governance should be broad enough to enable a complete end- to-end process and should encompass all steps of the marketing activity. That’s where the true power of workflow and collaboration management is revealed. 6 MARKETING.TERADATA.COM MARKETING AGILITY Marketing asset management The best and most effective marketing efforts require that an organization’s creative assets are designed, edited, produced, and delivered in a way that consistently and automatically invokes executive, marketing, and legal approval mechanisms. By harmonizing these operations in an efficient and compliant way, marketers can ensure their digital and creative content is both effective and compliant. Only 27% of marketers, however, have a process in place to aggregate, organize and manage the visual assets being used across various organizational teams… even though 65% of marketing executives believe that visual assets are central to how their brand story is communicated.9 By prioritizing a close and efficient process with creative asset production partners, marketers can position their organizations to successfully deliver streamlined, approved, and compliant assets at the speed each customer wants and expects. The best marketing asset management approach establishes a consistent process for creation and a single place to store properly licensed and approved assets. The financial benefits of this repository are undisputable – marketers have the most up-to-date creative pieces they require at their fingertips, and there is never a cost associated with replacing lost or misplaced assets. Workflow and collaboration management Creating an agile workflow requires a clear understanding of all incoming marketing requests so work can be prioritized and executed with pre- established, reusable workflows. Optimizing a global marketing team’s efforts with reusable workflows maximizes an organization’s marketing efforts while simultaneously ensuring process compliance and reporting. And to prove the importance of compliance, a KPMG report states that 54% of companies rated “regulatory compliance” as very or critically important to their strategy this year, only behind data analytics (56%).8 Data analytics Regulatory compliance 54% 56% CriticalNot important
  • 7. 7 MARKETING.TERADATA.COM MARKETING AGILITY Conclusion The path to Individualized Marketing requires that organizations are structurally and technologically able to make agile, real-time decisions based on measurable marketing campaign data and results. As MillwardBrown Vermeer states, “Winning brand leaders balance agility and an understanding of new technologies, touch points and partners, with in-depth, consumer insights-led strategic planning, and long term brand consistency.”10 By putting customer wants, needs, and expectations at the forefront of everything they do, leading companies are better equipped to use agile marketing to enable relevant, real-time customer experiences that ultimately increase bottom line benefits. And Forrester agrees, “Analyzing data from every customer interaction provides valuable insights to drive ongoing interactions, enhance offer details, or course-correct in-flight campaigns.”11 Assessing, updating, and enabling an agile marketing technology landscape – for both internal and external needs – is a key component of progressing toward true Individualized Marketing, where each customer’s unique need is addressed with relevance and in real-time.
  • 8. 8 MARKETING.TERADATA.COM MARKETING AGILITY 1 VersionOne 9th Annual State of Agile Survey, April 2015, https://www.versionone.com/pdf/state-of-agile- development-survey-ninth.pdf 2 Gartner; Kimberly Collins, Daryl C. Plummer; Apply Gartner’s Agility Model to Increase Innovation in CRM; 09/29/2015 3 Project Management Institute, Organizational Agility, 2012, http://www.pmi.org/~/media/PDF/ Research/Organizational-Agility-In-Depth-Report. ashx?M=73e5a9b2-0209-4dfa-b9f9-b71fa7a8207f 4 Gartner; Kimberly Collins, Daryl C. Plummer; Apply Gartner’s Agility Model to Increase Innovation in CRM; 09/29/2015 5 Project Management Institute, Capturing the Value of Project Management, 2015, http://www.pmi.org/~/media/ PDF/learning/pulse-of-the-profession-2015.ashx 6 Project Management Institute, The High Cost of Low Performance, 2014, http://www.pmi.org/~/media/PDF/ Business-Solutions/PMI_Pulse_2014.ashx 7 Harvard Business Review; Marc deSwaan Arons, Frank van den Driest, Keith Ward; Spotlight on the New Marketing Organization: The Ultimate Marketing Machine; July/August 2014, http://content.mbvermeer.com/hs-fs/ hub/465391/file-2524208500-pdf/MBVermeer-HBS- Article.pdf?t=1442001317599 8 KPMG Transforming for Growth: Consumer Business in the Digital Age, July 2014, https://www.kpmg.com/ Global/en/IssuesAndInsights/ArticlesPublications/ global-consumer-executive-top-of-mind-survey-2014/ Documents/top-of-mind-survey-2014-v2.pdf Find out how Teradata can help you at Marketing.Teradata.com References 9 CMO Council, From Creativity to Content: The Roles of Visual Media in Impactful Brand Storytelling, August 2015 http://www.cmocouncil.org/images/uploads/297.pdf 10 MillwardBrown Vermeer, Building Marketing Capabilities to Fuel Growth, May 2015 http://mbvermeer.com/wp-content/ uploads/2015/05/Vermeer_FuelGrowth_May13b. pdf?submissionGuid=73894f3d-a824-4c7d-b23c- dca6bb1a9e8b 11 Forrester: Rusty Warner with Srividya Sridhara, Samantha Ngo; Brief: Demystifying Real-Time Interaction Managment; February 2015 https://www.forrester.com/ report/Brief+Demystifying+RealTime+Interaction+Mana gement/-/E-RES116803
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