#Marketers beware: Privacy Please: How the GDPR Can Elevate Marketing

The EU’s new General Data Protection Regulation (GDPR) can be daunting, but it can have a positive impact on marketing. Here’s why.
— Read on insights.newscred.com/gdpr/

The rise of the chief marketing technologist | IBM THINK Marketing

marketingtechnologist

Source: The rise of the chief marketing technologist – IBM THINK Marketing

This article was written by Marco Antonio Cavallo from CIO and was legally licensed through the NewsCred publisher network.

Whenever we hear the word “digitalization,” we must understand that it is the sound of inevitability and irreversibility. The digital economy isn’t on the horizon anymore, it′s here and it is here to stay. It’s no longer a secret that the digital economy is changing the world at an unprecedented rate. Companies that are looking to succeed in this fast emerging new economy must transform themselves by reinventing their business models, strategies, processes, and practices, and that impacts on the roles of all of its employees, as well as bringing departments to work together, once everyone is more and more dependent of technology to function.

It’s no surprise that marketing is rapidly becoming one of the most technology-dependent functions across all businesses. Gartner has predicted that by 2017, a company’s chief marketing officer (CMO) would be spending more on technology than its CIO, and that is becoming more credible every day, as many CMOs have adopted technology in their everyday activities, showing that technology became the core of marketing nowadays. Every year, CMOs are globally directing their budgets to the usage of technology or software in many different marketing areas.

IDC Research has released a few predictions on how marketing will strategically use technology to accelerate client acquisition, brand awareness, to gather and analyze market and customer information and even to optimize its operational efficiency in order to generate more revenue for companies and be more accurate when directing resources, mainly by enhancing customer experience.

1. In 2017, CMOs will spend more on content marketing assets than on product marketing assets: For decades, the product launch has reigned as the kingpin content event. With a “bill of materials” stretching through multiple Excel pages, product marketing assets suck up a major portion of the marketing budget – and much of that content is wasted. The days of product content dominance are numbered. Product content will remain important, but it will take its place behind the content marketing assets matched to decision-journey stages.

  1. By 2020, 50 percent of companies will use cognitive computing to automate marketing and sales interactions with customers: A few leads go right to sales. But the majority need further qualification and extended nurturing. Companies will increasingly turn to smart systems that automatically assess and respond to buyers at the point of need. IBM recently added Watson to its marketing cloud offerings. The question is not when cognitive marketing will become mainstream – but rather, will anyone notice?
  2. In 2017, 20 percent of large enterprise CMOs will consolidate their marketing technology infrastructure: Marketing has been absorbing marketing technology a bite at a time for more than a decade. Many organizations now manage dozens (if not hundreds) of point solutions. Just as marketing environments are hitting the wall of this operational complexity, marketing tech vendors are building solid integrated platforms – able to be tailored through a partner eco-system. A fortuitous convergence of supply and demand.
  3. By 2018, predictive analytics will be a standard tool for marketers, but only a third will get optimal benefit: Early adopters of predictive analytics for buyer behavior report amazing results. The benefits come from the ability to discover hidden segments that have a high propensity to buy. Marketers can also better serve these segments with behavioral targeting. However, the majority of marketers face big challenges to achieving the benefits. Chief inhibitors? Lack of statistical skills, stubborn organizational silos that won’t integrate data, and a culture that resists truth when it goes against tradition.
  4. By 2018, 50 percent of CMOs will make significant structural changes to their “intelligence” operations and organizations: “Intelligence” as a capability is growing in importance in modern marketing organizations. Intelligence includes market intelligence (MI), business intelligence (BI), competitive intelligence (CI), and social intelligence (SI). In the past, these four functions were spread around the enterprise. Now, IDC sees more companies consolidating into a larger, single, intelligence group – often combining with intelligence functions from other areas like sales. The elimination of silos in this important area is a positive sign.

With that perspective, it is clear that technology has turned a black art into hard science. Marketing now must be well versed in customer data, analytics, mobile, social and marketing automation tools, and that requires new type of executive. The Chief Marketing Technologist is emerging at the center of this transformation as a part strategist, part creative director, part technology leader, and part teacher professional. Its mission is very clear: align marketing technology with business goals, serving as a liaison to IT, and evaluating and choosing technology providers. About half are charged with helping craft new digital business models as well.

The best CMTs are able to set a technology vision for marketing in the digital age. They champion greater experimentation and more agile management of that function’s capabilities, as well as act as transformation agents, working within the function and across the company to create competitive advantage and collaboration. It is not difficult to enlist some of the main reasons why this new executive has emerged:

  • Software became the chief means of engaging prospects and customers: A marketing team’s choice of software and how to configure and operate it, along with how creatively the team applies it, materially affects how the firm perceives and influences its audience and how the audience sees the firm.
  • Digital marketing and e-commerce skills: once those two methodologies increasingly augment or replace traditional touch points, the importance of mastering those capabilities grows. Digital marketing budgets are expanding annually at double-digit rates, and CEOs say that digital marketing is now the most important technology-powered investment their firms can make.
  • The rise in digital budgets: it is not merely a migration of spending from traditional to digital media. A growing portion of marketing’s budget is now allocated to technology itself. A recent Gartner study found that 67% of marketing departments plan to increase their spending on technology-related activities over the next two years. In addition, 61% are increasing capital expenditures on technology, and 65% are increasing budgets for service providers that have technology-related offerings.
  • Efficiently manage all this technology: there are now well over 1,000 marketing software providers worldwide, with offerings ranging from major platforms for CRM, content management, and marketing automation to specialized solutions for social media management, content marketing, and customer-facing apps. Relationships with agencies and service providers now include technical interfaces for the exchange and integration of code and data. And bespoke software projects to develop unique customer experiences and new sources of advantage are proliferating under marketing’s umbrella.

The reason why this is a growing role within companies is very simple. In this new digital economy environment, the CMO and the CIO must collaborate closely, although this executive-level cooperation isn’t just enough. A supporting organizational structure is also needed and vital for this collaboration to work properly. A company can’t simply split marketing technology down the middle and declare that the CMO gets the marketing half and the CIO gets the technology half. Such division might look good on paper, but it leaves yawning knowledge gaps in practice.

Marketing might not understand how to fully leverage what IT can offer, and IT might not understand how to accurately translate marketing requirements into technical capabilities. Instead, marketing technology must be managed holistically. In a virtuous cycle, what’s possible with technology should inspire what’s desirable for marketing, and vice versa. The right structure will help marketing become proficient with the array of software it must use to attract, acquire, and retain customers. It will help marketing leadership recognize how new technologies can open up new opportunities and allow marketing to deftly handle the technical facets of agency and service provider relationships in both contract negotiations and day-to-day operations.

The chief marketing technologist role itself is already an acknowledgement of just how important the marketing group is to driving revenue within the organization and, when properly resourced, how today’s marketing information systems are driving the current and future growth of the business. Only by bringing the CIO and the CMO together can the CEO have a complete picture of what insights must be acted upon quickly in order to establish or maintain the top market position. In a nutshell, the power comes from the intersection between marketing and IT.

Today, companies can no longer afford separate silos between marketing and IT. The rapid collapse of these silos means that one person must be able to converse seamlessly between both groups. While many CMOs are getting their arms around the technology side of their business, the natural evolution of this role is for the CIO to improve its marketing skills in order to grow into the Chief Marketing Technologist role. The faster we embrace these trends, the bigger the impact we will have on our bottom line. This is the imminent future of the industry, and it’s the reason chief marketing technologists will be in high demand within 2017 and in the years to come.

Data Driven V. Predictive Marketing: BEWARE JETSON’S MARKETING!

The Big Willowby: Charlie Tarzian

My son came to me one day in early December and said:  ‘Hey, Dad, let’s get Mom one of those robotic vacuum cleaners.  You know, the ones you switch on and they vacuum your whole floor!’  He could not contain his enthusiasm – this was going to be great – no one would have to vacuum our floors ever again!!!

So we went to Amazon (of course) and two days later our round disc of a maid showed up via FEDEX.

Come Christmas Day, the robot fully charged, off we went to the kitchen to marvel at what was certain to be a life changing event.  We turned it on and put it down on the floor and the vacuum swung into action.  It crossed the floor, sensed it was coming to a wall, made a pivot, chugged in another direction…and got stuck on the slight incline by the fireplace…then stuck again on the floor mat by the stove…then got caught between a chair and a table and went into a break dance that would make R2D2 jealous.

I bring this up because a colleague sent me this little snippet from the website of a Predictive Marketing vendor:

“Predictive Marketing doesn’t need to be a services heavy engagement to get you up and running. With CompanyX (name of company withheld) and our push button integration, we can integrate with your existing systems and build your predictive model in under a day. – See more at: http://www.companyx.com/what-we-offer/#sthash.vBzkU18n.dpuf

There you have it: Jetson’s Marketing – just push our one little button and off you go:  great leads, great meetings, great website experiences – in fact all your marketing/sales problems solved in ‘under a day’.  All that is left to do is fire your staff, except for that one person in charge of pushing the button when you run out of leads, meetings and website visitors.

Look, I know what I don’t know, but I can tell you this: whatever you’re thinking the new generation of transformative marketing is – one thing it isn’t is automated bliss.  It takes a fair sized village to make things happen.  And herein lies the huge disconnect between data driven marketers and the shiny new object called Predictive Marketing.  Data driven marketers know that data can and should be utilized across the marketing/sales continuum – but it is more about data orchestration than anything else.  Therefore, one button, add water and stir does not take into consideration any of the cause and effect across all the communications and transactive channels that marketers rely on.

Marketing is services heavy (sorry, Company X) because at the nexus of MarTech, AdTech and Sales Enablement sits quite a bit of cause and effect.  And unless you aspire and build towards using predictive data to positively impact all channels aligning as one – then what you are predicting is a very small sliver of what could be.  In other words, if the connectivity and synapsis among outward facing channels are not orchestrated and optimized using predictive data and you are not feeling good that all channels are working in sync – then how can you predict a scaled outcome?  The predictions you are making will reflect a small percentage of the whole – and so instead of widening your funnel and increasing your opportunities along every step in a buying journey, you are narrowing that funnel based on a flawed assumption that you are predicting against a full boat of reliable data.

On the other hand, Data Driven Marketing  sets up to be based on solving for the cause and effect of what is less than optimized (can anyone say, broken?)  It attempts to determine (not predict) what works and doesn’t and then – as a village – cohesively knits together a response to results that can be repeatable but certainly is not a just add water, one button pushed result.

So – are we starting to see a difference:  Predictive Marketing – a push button approach to a complicated set of executional events and response, or, Data Driven Marketing – a human driven (sorry robots!) approach to the cause and effect of humans communicating to other humans about things that may or may not be important to the recipient (we always hope for the former)?

What do you think?  We would love to know.  Have any stories to share – we would love to hear from you.

by: Charlie Tarzian, Founder, The Big Willow

12 Great Content Marketing Ideas in 12 Months | Inc.com

getty_109439748_78464Content marketing is an important part of any business, especially if you’re looking to drive traffic and sales through optimizing search engine traffic. So what better time than now to start the new year off by establishing a content calendar? At our business dashboard startup Dasheroo this is exactly what we’ve been working on, and even though this provides a great blueprint for what we’ll need to produce, it’s just the starting point.

Source: 12 Great Content Marketing Ideas in 12 Months | Inc.com

The Importance Of Asking Questions | Ogilvydo.com

“He who asks a question is a fool for five minutes; he who does not ask a question remains a fool forever” – Chinese proverb.

What’s the one thing that the world’s leading innovators share with children? They both learn through asking questions. It’s the simplest and most effective way of learning. Yet somehow we have forgotten this lesson as we get older. We just don’t value questioning as much as we should.

Not asking good or even enough questions has a direct impact on the quality of choices you make. Habituating the art of asking questions enables you to gain deep insight, develop more innovative solutions and to arrive at better decision-making.

Brilliant thinkers and scientists never stop asking questions. “Asking questions is the single most important habit for innovative thinkers,” says Paul Sloane, the UK’s top leadership speaker on innovation.

  • Newton: “Why does an apple fall from a tree but, why does the moon not fall into the Earth?”
  • Darwin: “Why do the Galapagos Islands have so many species not found elsewhere?”
  • Einstein: “What would the universe look like if I rode through it on a beam of light?”


Asking these kinds of basic questions started the process that led to their great breakthroughs. And asking questions is as relevant today. Only by constantly asking why can you find better products. In his book “A More Beautiful Question: The Power of Inquiry to Spark Breakthrough Ideas”, Warren Berger cited the example of Edwin H. Land, who invented the Polaroid camera in response to his 3 year old daughter asking why the camera that they used couldn’t produce a photo immediately. There are plenty of other cases; Airbnb exists as a response to the question “why should you be stuck without a bed if I’ve got an extra air mattress?”

The list is endless, as many companies and even entire industries can be traced back to a single question.

How do we master the art and science of asking effective questions and how do we make it a habit?

  1. Create an environment where curiosity is welcomed and rewarded.
  2. Become a keen observer of everything you see, hear and experience.
  3. Look at the world with fresh eyes, question the familiar, assume nothing is obvious.
  4. Understand the power of different types of questions – how they should be used and when.
  5. Keep asking why till you can go no further.

“Good questioning should stimulate, provoke, inform and inspire” says Sloane, while Berger feels it can “help us learn, explore the unknown and adapt to change”. What could be a great question that could shift the way you or your organisation perceive or think about something that has the potential to act as a catalyst for change?

Source: The Importance Of Asking Questions | ogilvydo.com


Email Pre-Flight Checklist: What To Do Before You Send – Automational Blog

Source: blog.automational.com

email-marketing-automation-blogIt’s unfortunate when you send an email to a marketing list only to realize that you’ve misspelled a critical word or left off an important part of your message. It’s worse when your opens and click-throughs don’t live up to your expectations, and you don’t know why until someone informs you the email you sent them arrived with broken formatting, or wasn’t readable on their smartphone.

To help remedy this, we’ve created a short list of things to double-check before you send the email to your list.

PROOFREAD

It’s easy to skimp on proofing since Microsoft Word and iOS Pages have so many tools to help out. One example of why electronic checks aren’t enough: “two bee or not too bee” is a sentence that is comprised entirely of words that are spelled correctly, but clearly convey the wrong message. Until spellcheckers have a better grasp of context, be sure to check your email for spelling and grammar errors before you send. These errors can damage your organization’s professional reputation and distract your recipients from your message.

USE A CLEAR “FROM” NAME AND EMAIL ADDRESS

Generic senders such as “info@company.com” or “Sales” often get ignored. Make sure that the values you use for your “From” name and email clearly indicate who you are in order to avoid confusing your recipients. If they don’t recognize who the email is from, they aren’t going to open or read your message. The “From” identity should be someone that the reader knows (their account manager), recognizes (the CEO or other notable person), or would be expecting an email from (Customer Support or Automational Newsletter).

HAVE BACKUP VALUES FOR DYNAMIC CONTENT

Include a default value if you incorporate dynamic text into your emails. If a recipient’s first name is blank, for example, and you’re using a first name personalization, you want to ensure that this field is filled with something like “Loyal Customer” rather than nothing at all, which would cause them to receive an email that started with, “Dear .”

When you add dynamic text to your template, it will look something like this: ${Recipient.contact.firstname[0]!””}. Including a default value with your dynamic text (just in case that data isn’t filled out for a recipient on your list) looks something like this: ${Recipient.contact.firstname[0]!”Customer”}.

TEST YOUR LINKS

Make sure all of your links work prior to sending your email. Broken links will prevent your recipients from accessing your content and may make them less likely to try again in future emails.

CHECK YOUR TEMPLATE ON MOBILE DEVICES

You already know that a huge percentage of emails are read on mobile devices, but do you know how your template will respond to the variety of devices and browsers with which it could be opened? Most marketing automation tools will allow you to preview your message on different sized screens and make sure everything appears as intended.

INCLUDE A TEXT VERSION OF YOUR HTML EMAIL TEMPLATE

The text version provides additional support for your template so anyone who doesn’t receive HTML emails (whether by choice or because their email client doesn’t support it) can still read your email. Including a text version will also decrease your spam score.

CHECK YOUR SUBJECT LINE

Your subject line is the first part of your email that your recipient will see, so it is vital that it grabs their attention and gives them a good idea of the purpose of your email. Sending out emails with an irrelevant subject line or with a subject line containing typos or grammatical errors can decrease your email open rate and harm your credibility. Include keywords that will resonate with or appeal to your audience, while avoiding key spam trigger words or phrases such as “free,” “earn money,” or “meet singles.”

KEEP IT SHORT

Regardless of the purpose of your email, remember that your email is just one of dozens (maybe even hundreds!) of emails that landed in your recipient’s inbox today. Consider this a “back to the basics” best practice: keep it as short as you can without losing the core message.

Break the content into sections for better readability. Ideally, your recipient would read every word of your email, but in truth, many readers will probably skim the message. As you’re writing, make it your goal that the reader should be able to determine the key elements of your message and the action you’d like them to take with only a 10-second scan through your email.

CREATE RESULTS WITH A CLEAR AND COMPELLING CALL-TO-ACTION

What are you hoping to achieve with this email? Generate registrations to an upcoming event? Drive downloads of your latest eBook? Include a very clear call-to-action that instructs the reader to do just that (“Register Here” or “Get the eBook”). Limit the number of links and options within the email to encourage the customer to act on your primary offer.

BUILD BRAND CONSISTENCY: TONE, VOICE, AND IMAGERY

The customer should be able to recognize your company identity immediately when they open and read the email. Always include your company name and logo to reinforce your brand. The tone of the content should match your company as well. An email from a pet sitter could be fun and playful, but imagine getting an email from a funeral home with the same tone.

Whether conversational or more conservative, make sure your tone is consistent across communication channels, speak to your audience in a simple, straightforward manner, and keep pushy sales lingo to a minimum.

BECOME A CONTENT CRITIC

Before your email is marked as spam, double-check your content for potentially problematic words and phrases. Words like “discount,” “pharmacy,” and even “spam,” as well as large numbers, dollar signs, or excessive exclamation points, can make your message seem less credible.

Providing relevant content, writing an appropriate subject line, and using professional language and punctuation will help boost the legitimacy of your communications.

| CRM & Marketing Automation Tips

Download a one pager of this list via: Email Pre-flight Checklist

 

Bogus Web Traffic Continues to Plague the Ad Business – WSJ

Marketers continue to waste billions–an estimated $7 billion, at least, this year–on buying online ads that people do not see, according to the Association of National Advertisers.

Source: Bogus Web Traffic Continues to Plague the Ad Business – WSJ

How to Personalize Content on the Web – Marketo

Learn how web personalization tools help you put relevant content in front of each website visitor to maximize your time and money spent on content.

Source: How to Personalize Content on the Web – Marketo

When to Buy Data

Have your investments in data generated ROI? Do you have a data strategy? Are you performing quarterly data assessments? Have you ever completed a gap analysis?

User Adoption | User Experience | The Emergence of the UX Designer

User Adoption | User Experience | The Emergence of the UX Designer

I have written several articles on user adoption and its correlation to the harmonization of business process and communication. In a recent post on LinkedIn, I called out three factors for success in a company’s marketing automation program – User Adoption, Innovation, Continuous TransformationThese three areas at their highest level involve collaboration among design, implementation and end user teams. The focus of this post is around user experience (UX) design.

customer experienceIt’s all about the customer experience (CX).

UX design has emerged as an important area of focus for organizations involved in technology and business process management projects. The emergence of UX design is also converging across disciplines spanning technology, marketing, sales, operations, finance, and so on. What is consistent across all areas of UX design is the need for simplicity in driving a successful user experience.

There is a misconception today that business process management (BPM) applications are complex, when in fact they are not. Furthermore, companies like Pegasystems have been investing and building business process management applications for years that have simplified UX design.

logo

As an example, Pega Marketing enables customized, rapid design and implementation of fully integrated CRM environments that make the elusive magic of BPM happen. Predictive analytics is built in through their Customer Decision Hub.

Why should you care about UX design principles and BPM?

Because UX principles that are simplified and executed properly provides clear project insight that’s timely, saves money on resource requirements, and accelerates delivery timelines across technology engagements.

Google as a use case:

googlelogo_color_116x41dpGoogle’s homepage has perhaps the lowest barriers to entry of any digital environment. Google is simply a search field and a button. Their simple user interface (UI) shields users from the complexity that we all know is Google.

Now think about all the products and services that they have been brought to market since they have come to existence:  Google +, Youtube, Gmail, etc. and the complex things that those products do, and you will realize that they have managed to keep their UI simple. What’s more impressive is that Google has managed to simplify our experience products while building, acquiring, adding, changing and bringing new products to market. The Google story is rare in the UI world, however, their story is a use case for all of us to follow.

Today, predictive analytics has become a necessity for businesses working with big data. The need for BPM tools and UX designers with specific areas of domain expertise is growing at a rapid rate. People are the ultimate enabler of technology transformation, especially in today’s customer centric world.

People, process, data and technology (new and legacy systems) will command much of the C-level focus in years to come.

Simple UX design is a necessity if you want your application(s) to be simple and easy to use by your customers. For any technology or business process to become effective, companies must ensure that their UX design teams possess both domain and technology expertise.

Success equals adoption by both the customer and the people running the technologies around them.

Be customer-centric. The rest will follow…

NOTE:  I highly recommend signing up on Pegasystems portal. Once you have signed up, you will be able to follow their new innovations and gain insight into the world of BPM, UX design, and best practices by domain and industry.