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

E-mail Earns Top Digital ROI Via Personalization, Mobile Strategies

To support our e-mail list brokerage clients, AccuList USA keeps up with e-mail strategy benchmarks, such as those cited in the “2017 Email Marketing Industry Census” from Adestra, in association with Econsultancy.

E-mail Tops Digital ROI Rankings

E-mail marketers will be happy to know that, per the census, e-mail outpaces other digital channels in terms of reported return on investment, ahead of SEO, content marketing, paid search, and social media.  E-mail ROI was rated as good to excellent by 73% of marketers surveyed, just edging out SEO, with 72% giving SEO a good to excellent ROI rating. Content marketing slipped to third place, with 63% calling its ROI good to excellent. Paid search followed with 60% ranking its ROI as good to excellent, and social media trailed (44%). But the report also raised questions about how accurately marketers assess e-mail impact. The majority of marketers are using click-through rate (91%), open rate (80%) and conversion rate (62%) to track e-mail performance, while other important metrics, such as bounce rate, delivery rate and list growth rate, are used by a minority. List segmentation is another challenge that may be impeding even higher ROI, falling midway in the ranking of best practices even though those who carry out advanced segmentation are more than twice as likely to report “excellent” ROI from e-mail marketing as those who don’t segment.

Personalization Leads Marketers’ Best Practices

What practices do marketers use to push e-mail opens and clicks? The census found that sending personalized and relevant messaging led the list of e-mail best practices reported; 80% of marketers are already doing this and 14% are planning for it. Personalization was followed by mobile-optimizing of e-mail (73% doing and 19% planning to start), regular list cleaning (57% doing and 24% planning), and promoting social content sharing (49% doing and 22% planning on it). Looking ahead, personalization also is the area of e-mail marketing where most respondents (30%) say they need to focus in 2017, even ahead of automated campaigns (cited by 28%).

Mobile Optimizing Faces Cross-Device Challenges

With data from other studies showing that 56% of e-mail users prefer opening e-mails on mobile devices (and that 42% delete an email if it doesn’t display correctly), e-mail marketers have embraced the mobile-first imperative, and mobile optimization won second place in the ranking of best practices. But challenges remain for optimizing across devices. Although 90% of respondents report some strategy for optimizing e-mail for different devices, just 22% of marketers describe their approach as “quite” or “very” advanced.

To download the full report, see http://www.adestra.com/resources/downloadable-reports/2017-email-marketing-industry-census/