Every marketer has an opinion about what constitutes marketing success. Every brand has its own reputation among its peers and loyalty among its customers. It has its own starting point, as well as its own sophistication level in multichannel marketing. However, there are common challenges and opportunities—themes we hear in the conversations we have. Here are some key questions and insights to shape your marketing strategies in 2012 and beyond.
1. How do I blend data platforms, from channel to data management to analytics?
This is not a new issue, but with multiple channels and platforms—search, social, mobile, local, email, Web, contact center, in-store, dealer/distributor, direct mail, catalog, event—the ability (and inability) to manage big data online and offline, glean it for insights and use it to create value is more challenging than ever. Prospects and customers expect to be individually recognized no matter where they are, so marketers must understand the data to manage channels. If there’s not a plan for data integration and analytics, then it’s time has come. If there is a plan, but a brand is still struggling, there is a solution here, too.
2. How do I ensure data quality at every point where new customer intelligence interacts with my brand?
Often there is a data strategy, but too often there is not a data quality and governance strategy to flow with co-existing, disparate data entry. Whenever data points are integrated, there needs to be discovery, staging, parsing, appending and validation to go along with the effort. Any investments in marketing analytics, automation and execution depend on having such a regimen in place—and, increasingly, in real-time platforms.
Organizations need to be honest with themselves regarding their data quality and certain of the quality of their data sources. Definitions must be in place to specify when “good” is acceptable and “great” necessary.