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Stuart O'Brien

Digital Marketing Solutions Summit: Have you registered for May’s big event?
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The next Digital Marketing Solutions Summit takes place on 11th May 2023 at the Hilton London Canary Wharf – delegate places are in high demand, so secure yours today!

Click here to book your complimentary guest pass.

Your pass includes:

  • A bespoke itinerary of pre-arranged meetings with suppliers who match your requirements and upcoming projects
  • Access to a series of seminars by industry thought-leaders
  • Networking with like-minded peers
  • Complimentary lunch and refreshments throughout

Delegate Testimonials:

“A great, well-organised and tailored event. I benefitted a lot from the meetings I had, learning more about new solutions and have come away with great options that will help my company to grow” C-Probe Systems

“A very useful event which was easy to navigate through and ran very smoothly. It put me in front of some very useful vendors who offered relevant solutions to marketing for myself and my organisation. Would certainly attend again in the future and would recommend” Link CCTV Systems

“The Digital Marketing Summit is a great place to find out what tools and support is available in the digital world, especially if your business is new to digital marketing” Golden Bear Products LTD

Book your place here (booking form takes less than two minutes to complete).

Do you specialise in Creative & Design? We want to hear from you!
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Each month on Digital Marketing Briefing we’re shining the spotlight on different parts of the print and marketing sectors – and in November we’ll be focussing on Creative & Design solutions.

It’s all part of our ‘Recommended’ editorial feature, designed to help marketing industry professionals find the best products and services available today.

So, if you specialise in Creative & Design and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Clair Wyld on c.wyld@forumevents.co.uk.

Here’s our features list in full:-

Nov – Creative & Design

Dec – Online Strategy

Marketers use just 42% of their ‘martech stack’ capabilities
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Marketers report utilising just 42% of the breadth of capabilities available in their martech stack overall, down from 58% in 2020.

Gartner surveyed 324 marketers in May and June 2022 to determine the state of marketing technology acquisition, adoption and use.

“CMOs reported allocating a quarter of their entire marketing expense budgets to marketing technologies in 2022,” said Benjamin Bloom, VP Analyst in the Gartner Marketing practice.

“Despite turbulent budgets in previous years and current economic headwinds, tech investments are a priority for CMOs and proving their ROI is more crucial than ever,” Bloom said. “Yet the challenges associated with martech underutilization, such as new business models and disrupted customer journeys, are making it difficult for marketers to demonstrate technology’s value.”

The 16 percentage point drop in overall martech utilization in the past two years can be attributed to a significant amount of overlap among marketing technology solutions (30% of respondents), difficulty identifying and recruiting talent to drive adoption/utilization (28%), and complexity/sprawl of the marketing technology ecosystem (27%).

Martech Stacks Prepare for a Cookieless Future With New Adtech and Commerce Capabilities

One of the tools identified by survey respondents that support innovative marketing channels was social commerce, with 62% of respondents saying they have deployed, or plan to deploy, such technology (see Figure 1). Technology to support advertising execution and measurement in audio and streaming/connected TV (CTV) environments has also found a base of support, with 65% of respondents exploring or piloting associated technologies.

Figure 1. How Marketing Leaders Are Leveraging Technology to Support Emerging Activities (% of Respondents)

Source: Gartner (September 2022)

Marketers also indicated interest in commercial activity within more emerging technologies. This includes the metaverse and non-fungible tokens (NFTs), with 62% exploring or piloting technology to support metaverse advertising and 59% exploring or piloting technology to enable creation of NFTs.

“The fact that marketers are already leveraging technology to support emerging activities underscores their desire to outfox the competition and get a head start on controlling their own destinies in a world of more fallible identifiers,” said Bloom.

To maximize the value of martech investments, Gartner recommends marketing leaders:

  • Infuse marketing technology adoption and utilization goals into team performance objectives to minimize wasted investments.
  • Manage the risk of expensive integrated suite investments. Establish alternatives to preserve negotiation leverage and persistently validate the vendor’s ability to support desired martech capabilities.
  • Review the approach to supporting customer journey orchestration with technology to ensure that martech and IT collaborate through capability-focused delivery teams using an iterative approach.
  • Avoid leaving investments in tools and technologies for social commerce, podcast advertising and CTV/over-the-top (OTT) streaming advertising to agencies or service providers by default. Pursue long-term in-house capability development around these tools and include them in their martech roadmap.

68% of UK marketers are embracing hybrid working
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More than two thirds (68%) of UK marketers are embracing a hybrid approach to work to support their teams in the creation of new ideas having overcome the challenges of the past two years.

That’s according to research from digital experience platform (DXP) provider Optimizely, which concluded that creativity is critical in driving strong customer experiences.

The Marketer Experience study, based on a global survey of in-house marketing professionals, including 200 in the UK, explores attitudes and approaches to creativity. It reveals that 85% of UK marketers say as long as communication is effective, creative ideation will happen no matter where teams are.

The report also shows that physical presence is not the only factor impacting creative behaviours, with UK marketers citing the following as the top five barriers to driving creativity over the past two years:

  1. A lack of urgency (32%)
  2. Limited or lack of access to good collaboration tools (31%)
  3. Engaging remote employees during virtual meetings (31%)
  4. Leadership team putting pressure on outcomes and results (29%)
  5. Motivating employees to develop creative ideas (28%)

A hybrid working environment also supports the ways in which UK workers find their creative inspiration, with 43% drawing on interpersonal communications with peers and/or colleagues, 41% from social media such as TikTok, Instagram and Twitter, and 40% through internet research. More than one third (37%) also find inspiration from attending events, either in-person or virtual.

Download the Optimizely report; “The 2022 Marketer’s Experience: Hybrid Work Impacts Delivery of Exceptional Customer Experiences.”

Marketing analytics are only influencing 53% of decisions
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Marketing analytics are responsible for influencing just over half (53%) of marketing decisions, according to a survey by Gartner.

In May and June 2022, Gartner surveyed 377 users of marketing analytics to explore the role of marketing analytics in decision making.

“CMOs often believe that achieving marketing data integration goals will lead to greater influence and increased value of marketing analytics,” said Joseph Enever, Sr. Director Analyst in the Gartner Marketing practice. “The reality is that better data won’t increase marketing analytics’ decision influence alone. CMOs must address the real challenges — cognitive biases and the need for a data-informed culture.”

The survey found that the quantity of marketing decisions that analytics influences does matter: Organizations that report marketing analytics influence fewer than 50% of decisions are more likely to agree that they are unable to prove the value of marketing. Once marketing analytics teams cross that 50% threshold, there are likely diminishing returns to striving to increase the quantity of decisions influenced.

“By 2023, Gartner expects 60% of CMOs will slash the size of their marketing analytics department in half because of failed promised improvements,” said Enever.

Top Barriers to Marketing Analytics’ Influence: Data Quality Challenges and Cognitive Biases

Consumers of marketing analytics continue to cite evergreen data management challenges as the top reason analytics are not used when making decisions. The challenges of “data are inconsistent across sources” and “data are difficult to access” rose to the top in this year’s survey.

Marketing organizations regularly respond to these challenges by integrating more data or acquiring different technology seen as a fix-all approach to marketing data management — yet they fail to realize tangible impacts on key outcomes. For example, marketers experience diminishing marginal returns on data integration when pursuing a 360-degree view of the customer.

Barriers to the use of marketing analytics in decision making are not always caused by data integration challenges unique to marketing — rather, much of this boils down to people and/or process problems.

For instance, key cognitive biases are at the root of marketing analytics’ influence plateau. One-third of respondents reported that decision makers cherry-pick data to try to tell a story that aligns with their preconceived decision or opinion.

In addition, roughly a quarter of respondents said that decision makers do not review the information provided by the marketing analytics team (26%), reject their recommendations (24%), or rely on gut instincts to ultimately make their choice (24%).

CMOs must address these challenges by:

  • Tracking the decisions that are made based on analytics to provide a current state of view and areas to improve. Identify examples of marketing analytics work that provided actionable recommendations to a marketing campaign or program. Marketing leaders should encourage their team to look for patterns in decision-making habits and to document the types of decisions they influence.
  • Combatting cherry-picking. Set KPIs and metrics before launching a new campaign or marketing strategy, not after the data has already started to come in.
  • Encouraging senior leaders to set an example. Avoid being a HiPPO (Highest Paid Person’s Opinion) and actually allow data to inform, or change, decisions.
  • Establish analytics upskilling programs that account for differing workflows and resource constraints across the marketing organization. Build personas that detail how different employees need to use data in their roles and prioritize training sessions that best enable participants to learn the skills they need to perform their job.

Do you specialise in Brochure Printing? We want to hear from you!
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Each month on Digital Marketing Briefing we’re shining the spotlight on different parts of the print and marketing sectors – and in October we’ll be focussing on Brochure Printing solutions.

It’s all part of our ‘Recommended’ editorial feature, designed to help marketing industry professionals find the best products and services available today.

So, if you specialise in Brochure Printing and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Clair Wyld on c.wyld@forumevents.co.uk.

Here’s our features list in full:-

Oct – Brochure Printing

Nov – Creative & Design

Dec – Online Strategy

ICO hits Halfords with fine for unwanted marketing emails
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The Information Commissioner’s Office (ICO) has fined Halfords Limited £30,000 for sending 498,179 unsolicited marketing emails to people without their consent.

Halfords came to the attention of the ICO following complaints in relation to a direct marketing email about a “Fix Your Bike” government voucher scheme, which was sent on 28 July 2020.

The government scheme allowed people to use a voucher worth up to £50 towards the cost of repairing a bicycle in any approved retailers or mechanics in England. However, Halfords’ marketing email encouraged people to book a free bike assessment and to redeem the voucher at their chosen Halfords store. This amounting to marketing its services which would generate income for the company.

The ICO investigation found that Halfords’ email message clearly advertised a service provided by the company, and that Halfords could not rely on legitimate interest to send the marketing email, as claimed by the company.

According to electronic marketing rules, legitimate interest cannot be used as an alternative to consent when sending electronic marketing messages. The soft opt-in exemption however, allows organisations to send electronic marketing messages to customers whose details have been obtained during the course of a sale or negotiations for similar services, but it must offer a simple way for people to opt out.

The ICO ruled that Halfords could not rely on the soft opt-in exemption for customers that received the email, as they had already not opted in to receive emails from the company.

Head of Investigations, Andy Curry said: “It is against the law to send marketing emails or texts to people without their permission. Not only this, it is a violation of their privacy rights as well as being frustrating and downright annoying.

“Halfords are a household name and we expect companies like them to know and act better. This incident does not reflect well on the internal advice or processes and therefore a fine was warranted in this case. This also sends a message to similar organisations to review their electronic marketing operations, and that we will take necessary action if they break the law.”

Economy will make digital planning difficult to navigate in 2023
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Business leaders who plan for “business as usual” modest spending increases in the year ahead will fall short, due to an unpredictable and turbulent economy, so will need to tackle planning with discipline and precision in order to trim waste, experiment, and make bold, smart investments.

That’s the conclusion of Forrester’s latest Planning Guides, which provide benchmark data and insights to help technology, marketing, digital, CX, product and sales leaders prioritise 2023 budget investments.

The reports highlight where to increase investment and cut spending, as well as which emerging technologies to experiment with in 2023. Key insights from Forrester’s 2023 Planning Guides include:

Areas to increase investment in 2023:

  • Customer insights and engagement. With 2023 unlikely to look like any past recession, many assumptions about customers and their behavior will be rendered useless. Leaders should invest in new customer data and analytics tools, such as experience research platforms (XPRs), to sharpen audience targeting strategies.
  • Technologies that improve CX and reduce costs. Current economic headwinds will require focusing on technology tuned for optimization and resilience. Leaders should invest in tools that drive loyalty and reduce operational costs, such as robotic process automation (RPA) and agent-assist apps.

Areas to decrease investment in 2023:

  • Technical debt — including cloud. Many thought the cloud would be the antidote to technical debt, but yesterday’s lifted-and-shifted workloads are now debt themselves given how inefficient to operate and difficult to upgrade they are. In 2023, leaders should consider early cloud deployments as candidates for technical debt reductions.
  • Low-quality data partners and innovation outsourcing. Partners will continue to play an important role in growth, but two key areas are ripe for cuts. As the quality of third-party data continues to drop, leaders should streamline these partnerships to only those that add value to customer relationships. Second, firms that relied too heavily on partners for digital innovation during the pandemic-induced digital sprint should bring more innovation in house.

Areas for experimentation in 2023:

  • Extended reality, the metaverse, and Web3 that offer immersive experiences. These interlinked — and arguably overhyped — technologies hold the promise of immersive experiences linked to token-based ecosystems that use cryptocurrencies and public blockchains. Leaders in consumer industries should experiment with metaverse precursor platforms such as Roblox and Decentral to open doors to new audiences.
  • Intelligent agents that make experiences more human. An intelligent agent (IA) can make decisions or perform a service based on its environment, user input, and experiences. Leaders should plan to experiment with IAs on an ongoing basis to utilize their full potential.

“Leaders are faced with navigating a tumultuous business landscape defined by global unrest, supply chain instability and soaring inflation, as well as the ongoing aftermath of the pandemic,” said Sharyn Leaver, chief research officer at Forrester. “Tackling 2023 budget planning is a daunting task, but Forrester’s Planning Guides will help leaders make more strategic and disciplined decisions to drive business growth at a time of such uncertainty.”

Conversational AI will reduce contact centre agent staff costs by $80bn in 2026
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Conversational artificial intelligence (AI) deployments within contact centres will reduce agent staff costs by $80 billion by 2026, according to Gartner.

Furthermore, worldwide end-user spending on conversational AI solutions within contact centres is forecast to reach $1.99 billion in 2022.

“Gartner estimates that there are approximately 17 million contact center agents worldwide today,” said Daniel O’Connell, VP analyst at Gartner. “Many organizations are challenged by agent staff shortages and the need to curtail labor expenses, which can represent up to 95% of contact center costs. Conversational AI makes agents more efficient and effective, while also improving the customer experience.”

Gartner projects that one in 10 agent interactions will be automated by 2026, an increase from an estimated 1.6% of interactions today that are automated using AI. Conversational AI can automate all or part of a contact center customer interaction through both voice and digital channels, through voicebots or chatbots, and it is expected to have transformational benefits to customer service and support organizations within two years.

“While automating a full interaction – also known as call containment or deflection – corresponds to significant cost savings, there is also value in partial containment, such as automating the identification of a customer’s name, policy number and reason for calling. Capturing this information using AI could reduce up to a third of the interaction time that would typically be supported by a human agent,” said O’Connell.

While the benefits of conversational AI are compelling, the technology is still maturing. A fragmented vendor landscape and complexity of deployments will result in measured adoption through the next two years.

“Implementing conversational AI requires expensive professional resources in areas such as data analytics, knowledge graphs and natural language understanding,” said O’Connell. “Once built, the conversational AI capabilities must be continuously supported, updated and maintained, resulting in additional costs.”

Complex, large-scale conversational AI deployments can take multiple years as more call flows are built out and existing call flows are fine-tuned for improvement. Gartner estimates integration pricing at $1,000 to $1,500 per conversational AI agent, though some organizations cite costs of up to $2,000 per agent. Therefore, early adoption of conversational AI will be primarily led by organizations with 2,500 or more agents with budget for the requisite technical resources.

Digital Marketing Solutions Summit: Your key to success in 2023
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You can now register for the next Digital Marketing Solutions Summit, which takes place on 11th May 2023 at the Hilton London Canary Wharf. 

Click here to book your complimentary guest pass.

Your pass includes:

  • A bespoke itinerary of pre-arranged meetings with suppliers who match your requirements and upcoming projects
  • Access to a series of seminars by industry thought-leaders
  • Networking with like-minded peers
  • Complimentary lunch and refreshments throughout

Delegate Testimonials:

“A great, well-organised and tailored event. I benefitted a lot from the meetings I had, learning more about new solutions and have come away with great options that will help my company to grow” C-Probe Systems

“A very useful event which was easy to navigate through and ran very smoothly. It put me in front of some very useful vendors who offered relevant solutions to marketing for myself and my organisation. Would certainly attend again in the future and would recommend” Link CCTV Systems

“The Digital Marketing Summit is a great place to find out what tools and support is available in the digital world, especially if your business is new to digital marketing” Golden Bear Products LTD

Book your place here (booking form takes less than two minutes to complete).