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If you’re like most marketers, you understand that big data can no longer be ignored. The companies that rise to the top in 2015 and beyond will be those that can both obtain data and process it in smart ways to extract meaningful insights. Still, making major improvements to your data and insights capabilities can […]
Over the past month, we’ve been talking about the importance of a new data-driven marketing value chain. But we’re not the only ones—the concept of data-driven storytelling and insights is a hot topic in the marketing world right now. As evidence of the support for this approach, we’ve rounded up a few recent articles and […]
This month, Get There has explored the need to replace the Old Marketing Value Chain with a New Marketing Value Chain. We covered marketing’s goal throughout the past century: predictability. The more predictable marketing becomes, the better its tangible ROI as well as its intangible benefits will be. The gap between actual and ideal predictability […]
Many readers may be wondering, at this point, how to create an organization that effectively runs on data-driven insights. The answer? Stop focusing on the “how” of marketing and figure out the “why.” To get there, follow this three-step process: 1. Embrace a path of data analysis and optimization A scattershot approach to marketing data […]
If you’ve been following along with our blog series this month, you probably see the value in new marketing approaches that lead with data. Actually changing your company or department, however, is an entirely different matter. When leaders are accustomed to one approach that’s based in habit, how can marketers convince them change is necessary? […]
As data-driven strategies become more prevalent, they will increasingly take center stage as a competitive advantage for smart companies. Put simply, the organizations with the most sophisticated use of data will win. While many organizations will use easily accessible data to become more analytics-focused, the secret lies in using multiple data sources and monitoring them […]
The Old Marketing Value Chain had two links: rules and tools. The New Marketing Value Chain has three links: 1. Data-driven insight 2. Truly quantifiable strategy 3. Application of creative and technology Data-driven insight, the first link of the new value chain, reveals “why” marketing works. It discerns hidden patterns in the […]
Here on the blog, this month is all about the evolution of marketing. As you’ve probably noticed, it’s changing fast and furiously. Our approaches to marketing and business decision making must be adaptable; we must evolve with the world around us. The most essential part of the New Marketing Value Chain is data. That does […]
For the past century, marketers have provided value by combining best practices with conventional wisdom and intuition and applying that knowledge across a platform of the latest, greatest tools and channels. In short, they mastered sets of “rules and tools” relevant in their time period. This is the Old Marketing Value Chain, as introduced last […]
Earlier this week, we described how marketing has historically fallen short of its ideal of predictability causing inefficiency and waste. Today, we’ll look at the traditional “Marketing Value Chain” to understand its shortcomings and why a new approach is needed. A value chain can be defined as a set of activities that an organization performs […]
