2 Data Challenges to Trigger-Based Marketing
Trigger-based marketing is a well established and respected technique used by marketing practitioners to drive results. But many marketers only scratch the surface and execute simple triggers, leaving opportunities for improvement — and return on investment — on the table. Reaching the potential that trigger-based marketing programs offer means working hard to overcome several common challenges, none more important than how you make data work for you. Here are two key points to consider when preparing data for your trigger marketing programs.
1. Data latency. A big part of your success and creativity with trigger-based marketing programs is going to come from the timeliness and availability of data. Most organizations try to centralize data into one data repository in the form of a marketing data mart, or shared data warehouse. This is a common and prudent practice, just as maintaining a strong data infrastructure is critical to an organization’s success.
The challenge is that the process of data standardization, normalization and eventual migration to the database takes time. Time isn't the friend of many trigger-based marketing programs that run only on the data in the central data store. Organizations still struggle to make the right data available in a timely manner to support critical triggers.
Sadly, sometimes this latency applies to data that should be captured by marketing systems and acted upon immediately. For example, a new customer goes to your website and indicates that they're interested in product A, but they have to wait three weeks before an offer or information from product A is included in marketing messages.
2. New data sources. Closely related to latency is the challenge posed by new data coming from a new set of data sources, namely microsites, web pages and mobile sites that are designed to engage consumers in a more interactive manner. The consumer has gone multichannel, using on average almost four channels in the decision-making process with a brand.