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Marketing departments ‘rely on outdated data and analytics practices’

The majority of marketing departments still rely on outdated practices when it comes to marketing data and analytics, according to a new report.

Of the almost two-thirds of marketers surveyed by Adverity who believe their company is analytically mature, some 77% have yet to achieve a single unified view of their marketing performance while 68% still depend on spreadsheets for reporting.

At the same time, although 61% of marketing departments see developing predictive analytics as a key strategic aim in 2022, more than a third of those still struggle with manual data integration and some 48% say they do not trust the accuracy of their marketing data.

Conducted by Sirkin Research, the report surveyed almost 1,000 marketers and data analysts from around the world about their current data capabilities and aspirations for 2022.  Alongside businesses’ aspirations for predictive analytics, the research also revealed a worrying disconnect between analysts and marketers when it comes to understanding what their business’s current capabilities are.

For example, 60% of marketing data analysts say their organization already has the capacity to run predictive models, and yet only 42% of marketers agree. Similarly, although the majority (59%) of analysts say their company has a centralized data warehouse, only 43% of marketers say that’s the case.

“While the confidence of marketing departments in their analytical capabilities is commendable, that so many businesses are actually still struggling with the basics tells a very different story,” said Adverity CMO, Harriet Durnford-Smith.

Jeff Sirkin, CEO of Sirkin Research, added: “Yet, it’s the marketers who are actually the ones who should be utilizing those capabilities to make decisions and determine where budget is spent. If they don’t know what their company’s current capabilities are, this not only hinders their effectiveness, it is also a waste of money for the business. As such, bridging this divide should be a top priority for CMOs in 2022.”

The new research comes on the heels of Adverity’s “Marketing Analytics State of Play 2022: Challenges and Priorities” research report, which outlined the pain points facing modern marketers and data analysts–most notably, a lack of trust in the data. This new report builds out further how marketers can reflect on the challenges that they currently face and helps to identify solutions that will provide guidance for how to prioritize modernization in 2022.

UniFida launches CO2 Counter for ‘greener’ marketing

UniFida has launched a CO2 counter in the UK that enables companies to gauge the environmental impact of their marketing campaigns.

The new CO2 Counter supports ‘greener’ marketing, where companies focus on the sustainability of their marketing activities. It calculates the amount of CO2 (carbon dioxide) released while setting up a campaign via any marketing channel and reports on the amount used once a campaign has been completed

Big companies will soon be legally required to commit to, and report on, sustainable business models, but the onus of responsibility will rest with all companies spending significant amounts on marketing communications, both online and offline.

Julian Berry, Director, UniFida said: “Given the increased global focus on carbon offsetting, especially following the COP26 conference, there is increased demand for sustainable marketing. With UK marketing activities expected to have released around 350 million tonnes of carbon in 2021, the CO2 Counter is an essential online tool. It enables companies to measure the environmental impact of their marketing activities across online and offline channels.”

UniFida says there are two areas of the marketing process where the CO2 Counter can bring benefits:

  • Before launching a campaign, the counter can show how much carbon will be produced, giving marketers the opportunity to offset or plan a different approach
  • With historic marketing activities, marketers can evaluate each campaign and channel’s performance and how much carbon has been released for what benefit. This can help steer future ‘greener’ marketing initiatives.

Marketers can access the CO2 Counter online and, for example, use it prior to catalogue production, inputting the number of pages, size, print colours, paper type and quantities. Or for an email campaign, they can input the number of recipients and whether the email has a video attached. Carbon usage is then calculated and the results displayed.

The CO2 Counter – a cloud-based technology– has been developed by Trinity P3 in Australia and is being distributed in the UK by UniFida. Trinity P3 has used a large number of data sources to develop the counter, with much of its work reviewed by the Royal Melbourne Institute of Technology.

Do you provide Brand Monitoring services? We want to hear from you!

Each month on Digital Marketing Briefing we’ll be shining the spotlight on different parts of the print and marketing sectors – and in July we’ll be focussing on Brand Monitoring 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 Brand Monitoring 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 Lisa Carter on lisa.carter@mimrammedia.com.

Here are the areas we’ll be covering, month by month:

July – Brand Monitoring

August – Web Analytics

September – Conversion Rate Optimisation

October – Lead Generation & Tracking

November – Brochure Printing

December – Creative & Design

For more information on any of the above topics, contact Lisa Carter on lisa.carter@mimrammedia.com.