Skeptical of Marketing Tech Buzzwords? You’re Not Alone

To help support direct marketing clients, AccuList USA tries to keep up with the latest in marketing technology and tactics, and so we’ve been bombarded along with clients by advice on how to seize opportunities with personalization, “big data,” omnichannel, real-time marketing, and, most recently, artificial intelligence (AI). Marketers struggling to find room in real-world budgets often worry that they’re falling behind in an escalating martech arms race! New research by Resulticks—a survey of over 300 marketing pros across industry verticals—offers interesting perspective.

Big Expectations: Big Data and Personalization

“Big Data” was the hot topic at the 2013 DMA Annual Conference, with 50% of marketers enthusiastic about investing. But making practical sense of those data torrents turned out to be more difficult than expected. Resulticks finds that only 16% of today’s marketers have fully implemented big data solutions, 20% have given up on the concept, and just 27% rank big data as a top priority now. Part of the problem is overhyped, underperforming martech platforms, per the survey, with 21% of marketers complaining that vendors overpromise and underdeliver. In contrast, personalization—meaning targeting that goes beyond basic attributes such as name to deeper parameters such as purchase history and online behavior—has done better in fulfilling expectations, with 60% of today’s marketers reporting full or partial implementation. The only fly in the ointment: Tech investments have not always kept pace with enthusiasm, and only 20% rate their software ability to deliver personalization as “excellent.”

Technically Challenged: Omnichannel

Back in 2014, one study found almost half of retailers saying they were going to commit to an “omnichannel” approach. Unlike multichannel marketing, where marketers touch customers at multiple points on their journey, the ambitious goal of omnichannel marketing is to create a seamless customer experience across all channels. Resulticks finds that only 9% of today’s marketers describe their approach as omnichannel, compared with 63% who use a multichannel approach. Technical barriers explain omnichannel’s failure to thrive. Only 35% have fully or partially implemented the required software platforms for omnichannel, and, among those who have bet on platforms, 58% rank vendor execution as “poor” to “fair” (compared with 13% who give their omnichannel software “excellent” marks).

Enthusiastic Embrace: Real-time Marketing

There’s a better report card for the “real-time marketing” that rapidly uses data across channels for more timely, targeted engagement in the customer journey. Resulticks reports that 49% of marketers rate their real-time marketing ability as “good” to “excellent,” that half say they have fully or partially implemented real-time marketing solutions, and that 47% say real-time is a priority for their organizations today. However, many marketers may need to adjust their definition of “real-time” if they want to compete for customers’ expectations; 47% are defining real-time as responding in an hour or more (with 20% taking a day or more), compared with the 12% delivering true real-time response in the milliseconds.

New Kid on the Block: AI

Social media giants have been betting on AI, and marketers are following their lead, with one study showing more than 50% planning to adopt AI in the next two years. However, Resulticks’ survey finds almost half (47%) of the marketers polled already rate AI as overhyped. Here’s a big source of that skepticism: 43% of marketers believe martech software vendors overpromise and underdeliver, and 69% rate their vendors’ ability to execute AI as “fair” to “poor.”

To download the study report, go to https://www.resulticks.com/marketingflabtofab.html

2018 Digital Marketing Trends: Technology, Targeting, Tactics

Digital marketing continues to experience rapid changes. AccuList USA will be helping clients navigate this year via quality data, data services and other support efforts that take into account 2018 digital marketing trends recently outlined by Forbes magazine’s Forbes Agency Council.

Technology Drivers: AR, Conversational Interfaces, Video

The first of the article’s 15 trend predictions is continued growth in the use of Augmented Reality (AR), per Chris Carter of Rep Interactive, as mobile devices become more powerful, social apps improve AR integration, and, we would add, traditional print, from direct mail to ads to labels, also embraces AR. Meanwhile, the popularity of  conversational interactions will offer new opportunities and challenges, per a couple of council members—such as Amazon’s Alexa, Google’s Assistant, Microsoft’s Cortana, chatbots and more. Now that Google says 20% of its mobile queries are voice searches and usage set to climb further, marketers will need to create content targeting these types of searches and ads for non-traditional venues (such as sponsored smart-fridge recommendations), predicts Brett Farmiloe of Markitors. Video was a big story in 2017 and is now seen as a basic of success for 2018 marketers, per several Forbes council members. It also means that marketers will face a higher bar in terms of quality. As social media platforms jump into live video and add features, “the shaky, holding-a-phone-in-your-hand live video won’t be acceptable anymore,” warns Thomas Brodbeck of Site Strategics.

Targeting Goes Hyper: Personalized & Contextual

Most marketers agree that the days of impersonal e-mail blasts are done. So what’s ahead in 2018? Marketers will be focused on hyper-targeting and personalizing every interaction, forecast several experts. Watch for personalized landing pages connected to each advertising campaign, for example. The need for unbiased targeting, predictive analytics and budgeting at every step of the customer journey also will increase use of application programming interfaces for machine-learning algorithms, natural language processing and artificial intelligence, opines Douglas Karr of DK New Media. And as data protection regulation increases, ad tech vendors will need to go beyond tracking behavior with cookies to contextual targeting strategies based on page content, adds Julien Verdier of Adyoulike.

Some Tactics Keep Their Buzz, and Some Fade

“Influencer marketing” had marketing buzz in 2017, but Craig Greiwe of Rogers & Cowan predicts that 2018 will see a collapse of interest because brands that spent big on influencers haven’t seen measurable results. He expects brands instead to “zero in on a few select individuals who drive results or move to organic grassroots promotion, and away from high-cost, middle-tier influencers who drive awareness but little ROI.” Content marketing, meanwhile, will remain a key part of the marketing tool box—but with some changes. New formats, video, and voice search are ending the focus on blog posts and listicles and pushing marketers toward featured snippets, interactive spoken tutorials and integration with User Interface features, says Kristopher Jones of LSEO.com. In the crowded online grab for engagement, native advertising will retain appeal, too, per Timothy Nichols of ExactDrive, Inc., helping marketers to expand viral sharing and develop a more involved relationship with target markets.

For more trend predictions, see https://www.forbes.com/sites/forbesagencycouncil/2017/12/18/how-digital-marketing-will-change-in-2018-15-top-trends/#464141092d9a

2018 Offers New and Old Marketing Data Challenges

As a data broker, AccuList USA is committed to helping its data services clients with data gathering, quality, targeting and analytics. Looking ahead to 2018, we see new and old data issues for direct marketers. A recent Forbes magazine interview with Tom Benton, the CEO of the Data & Marketing Association (DMA), highlighted six of those data challenges for next year.

Perennial Problems From Quality and Integration

Given the huge amount and types of data streaming into marketers, many are struggling to decide which data sets to use and which to ignore, how to keep data accurate and actionable, and how to integrate new data with existing data. Several practices for 2018 success are suggested: clear business goals and target audiences to narrow the data focus; a clear test case for examining or onboarding data; regular examination of new and legacy data accuracy and value; and systems for integrating new data with existing data, especially given the new types of data streams available–everything from wearable gym trackers to chatbots to grocery checkouts.

New Opportunities Via Technology

The Forbes overview also cites the exciting opportunities coming from new marketing tech tools, such as augmented reality (AR), machine learning and AI. Are you ready to take advantage? The articles offers the example of how 1-800-Flowers improved customer experience by integrating the company’s website with artificial intelligence (AI) technology and natural language processing to understand customer demand and then search the product catalog to deliver customized recommendations. Use of AR today ranges from AMC theater movie posters to Simmons Bedding Co. product demos to labels of Australia’s 19 Crimes wine brand. And consider that digital growth company Urban Airship has developed a machine learning algorithm to analyze mobile customer behavior and help app publishers identify the most loyal users and predict those that are likely to churn to improve retention investment in specific customer segments.

Challenges With Cybersecurity and European Rules

If customers don’t trust that sensitive information will be safeguarded, they’ll stop engaging, hurting not only individual brands but the data-driven community. Massive data security breaches made headlines in 2017. That makes data security a top concern to retain customers and prevent risk in 2018, per Benton. Meanwhile, American marketers who seek to tap European markets need to get ready for the enactment of the European Union’s new General Data Protection Regulation (GDPR), taking effect May of 2018. The regulations will set a new baseline for consumer privacy rights and focus on ensuring that proper consents are obtained for a range of data sets and that other privacy rights are observed, such as the “right to be forgotten.”

For more on 2018 data trends, read the Forbes article.