Category: Marketing Automation

How Data Influences Media and Marketing Today

Market research has always been the basic tool to design and develop strategies and campaigns. However, traditional market research consumes a lot of time and requires special skills to process and analyze and to derive insights. Marketing campaigns in the past weren’t accurate because market samples did not truly represent a population, and both advertising and marketing strategies weren’t quite accurate. Campaign failures and losses can be tied down to incorrect insight or partial insight into a market’s needs and demands. In addition, most marketing agencies depended on print and TV to disperse marketing messages until the recent past. Digital media changed all that and democratized the process of marketing and advertising, while contemporary data techniques have taken digital marketing to the next level. Thankfully, newer data analytics techniques have not only reduced marketers efforts to crunch data but have also ushered in a new era in which marketing campaigns are highly personalized, scalable and democratic. In this article, let us take a look at how data has influenced media and marketing, and how there has been a complete paradigm shift. Integration of tools Software integration has led to richer insights and predictions, as there is a larger sample of data to analyze. Cloud-based solutions have helped companies to implement affordable integration solutions across departments. Integration has also brought together disparate software solutions such as CRM, ERP, and HRMS which help businesses to access more detailed data and predict outcomes accurately even on the go. Current marketing and advertising initiatives depend on such an integrated approach to make the correct move. An increasing number of agencies use MarTech solutions to predict better campaign outcomes, and this is possible because of modern data analytics. MarTech consists of marketing automation tools such as Marketo, HubSpot, MailChimp, SalesForce, and Insightly. It also includes data and intelligence tools such as FullContact, Cloudinary, Decibel, among many others. In addition, predictive analysis tools help us make better predictions and foresee campaigns even before campaigns are launched. This allows us to have defined outcomes in mind. Some of the most important predictive analysis tools used today are Microsoft’s Azure Machine Learning Studio, SAP Predictive Analytics Software, IBM Predictive Insights, among many others.  These tools can be integrated with each other, or with other enterprise software solutions for richer insights. Personalized marketing and advertising Earlier, personalized marketing was a challenge and a number of efforts never yielded the desired results. However, thanks to social media, it is easier to curate customers and people with specific interests and capture their sentiments easily. All this data can now be crunched and analyzed for better insight, leading to highly specific marketing and advertising campaigns. There are a number of marketing automation tools that help you personalize advertising. HubSpot and MailChimp can be used by both small and medium-sized businesses to personalize campaigns, while Marketo is a value addition for larger organizations. All these tools use data to take personalization to the next level. In addition, you can use Google Optimize 360, which helps you create custom segmented customer experiences. Forbes also listed Clearbit, Kickbox, Quickmail, Buzzstream, and other tools in its list of tools that help personalize marketing and advertising. In short, these tools help to gain better insight about customers and market, which helps personalize marketing and ad campaigns even at the micro level. The advent of MarTech and AdTech In the last couple of years, technologies that assist in automating and turbocharging marketing and advertising processes have been given the terms of MarTech and AdTech. Both these technologies have helped thousands of agencies to provide better campaign results, automate most marketing processes, and process data in a useful manner. The advent of MarTech and AdTech has also resulted in marketing Big Data. Various market-related data is constantly added to Big Data, and data analytics continue to derive richer insights. Most importantly, MarTech tools like GetResponse, Autopilot, iContactPro can be integrated with ERP and CRM for more coherent insight. After all, both frontend and backend need to be in sync with marketing campaigns for the message to reach effectively to the right audience. It is important to note that while marketing technology tools can up your data game, it is really up to you how to use the insight your derive. For example, integrating a digital asset management (DAM) with Adobe Creative Cloud can provide insights into how designers influence the marketing process. Or, you can choose to integrate Oracle Eloqua with an ERP like Sage 100 ERP or SAP Business One to better understand how order processing trends can improve future campaigns. Data helps launch hybrid and omnichannel marketing campaigns Most marketing campaigns tend to take a hybrid approach, combining online with offline. A survey conducted by Vistaprint Digital showed that 29% of businesses ignore either offline or online marketing practices, favoring one practice more than the other. However, a hybrid approach that uses both the practices is always more beneficial. Some of the ways you can use data analytics to spur offline marketing success are by analyzing QR code usage, proximity marketing using Bluetooth technology, and tracking URLs and web traffic generated from offline visits to actual stores. Using data analytics to track these behaviors will help to launch more cohesive omnichannel marketing campaigns, which bring an integrated shopping experience to customers. Facebook and Google have come up with tools which help advertisers to understand the effect of online advertising on offline sales. They can predict and track online to offline conversions. Data is here to stay for the long haul As you can see, data tools have changed the game when it comes to marketing and utilizing media tools. While we are no longer reliant on traditional media platforms, and digital platforms have long become mainstream, data analytics has ensured that digital marketing will continue in a forward path in the months to come. All these trends will help agencies to develop and implement marketing and ad campaigns quickly across digital media platforms. Dissemination of marketing communication

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Why Marketing Automation Matters for Your Business

If you are late to the party, marketing automation is a force to reckon with and is the fuel that is driving small and medium-sized agencies and businesses to compete with the top players in the industry. Marketing automation helps a small team to put its marketing strategy on steroids, and use Software as a Service (SaaS) solutions to automate both basic and complex marketing tasks to achieve stellar heights. There are a number of software tools and cloud solutions that help businesses to automate various marketing functions, right from understanding a target market to capturing lead-related data and nurturing long-term customers. While implementing a thorough marketing strategy used to be expensive and time-consuming, it is now accessible even to the smallest of companies thanks to SaaS subscription models. SaaS solutions provide efficient, affordable, and accessible marketing tools on different subscription models. Both big and small businesses have begun to use these SaaS marketing tools to automate various marketing functions, and have begun to see exemplary results. Regardless of the size and nature of your business, the axiomatic truth is, you need marketing automation. To explain why marketing automation matters so much for your business, we have listed 7 reasons. Let us take a look at each of them briefly. Understand your market better Most businesses fail to achieve traction because their marketing strategy is not in touch with the actual realities of the market they are targeting. This is only possible when campaigns are tied around behavioral and demographic variables that are often easy to miss. Marketing automation tools provide rich insights into the market in question and help businesses to design campaigns that are effective. When you subscribe to a MarTech solution, you will be able to compete with large businesses who probably have better resources to conduct market research. Market research can get quite tedious and expensive for those who do not have the resources to carry out large market research campaigns, Data analytics, combined with marketing automation tools can help you to arrive at marketing predictions that are useful and effective, at a fraction of the cost. MarTech is increasingly being used to conduct market research by a large number of companies and is encouraging a metrics-driven culture. Curate high-quality leads New GDPR rules and privacy-related restrictions have severely curtailed most businesses’ ability to capture high-quality leads. Yet, the new developments are positive in nature when assessed objectively. Marketing automation tools can now quickly detect and predict which of your web visitors are going to be hour leads, and which of them will convert to customers. Data analytics and marketing automation tools can be integrated and programmed in such a way that you automate the curation of high-quality leads. There’re a number of tools already available to help you automate both lead generation, and filtering of those leads. However, partnering with an agency which will help you to integrate data analytics with marketing automation tools will help you curate a list of high-quality leads. After all, communicating with high-quality leads, even if they are fewer in numbers, is a better sales strategy than coming up with a digital marketing strategy that involves targeting an exponentially higher number of users. Shortlist the best distribution channels Once you have the list of leads generated and curated automatically, you will also need to assess how you should communicate with them. This decision was earlier left to managers or staff who used their own methods (both objective and subjective) to list the preferred distribution channels. Unfortunately, this is not an effective strategy and is mired with loopholes. Inbound marketing can easily be automated, and a digital marketing strategy should be built around actual facts and figures related to which platforms, social media tools, and channels your target users prefer to use. As such, a strategy that involves marketing automation and data analytics will reveal the cold hard facts about where to reach your target audience, and how best to communicate with them. Use marketing automation to choose the best distribution and communication channels, and to base this choice on insight derived from data analytics. Understand different buyer personas To engage in successful marketing, you need to understand your target audience at an intimate level. This is only possible when the most minute of their behaviours are statistically analyzed. Automating the process of studying user behavior will help you to group them under various buyer personas. Right from what they tweet to how they respond to certain images or news feeds, you can predict exactly how you should develop your marketing strategy to win them over. As consumers tend to be a diverse group, you can develop different marketing campaigns for different buyer personas. Understanding personas are closely linked to creating winning digital content as well. Automating the process of collecting information and using data analytics to process this information helps you to arrive at useful insights related to different personas. Use this insight to create a successful agile marketing strategy. Take personalization to the next level There is a misconception that automation implies lack of personal touch. Any Chief Marketing Technologist (CMT) will tell you that automation, in fact, enhances more personal communication. Automating content distribution and basing content creation on various buyer personas help you to personalize all communication at the micro-level. For example, MarTech products can help you to target communication individually, based on various tastes, quirks, behavioral patterns, personal details, etc. While content distribution and communication can be automated, you can use your free time and man-hours to enhance customer interactions and build valuable relationships. Creating a more personal approach used to be expensive and required hiring more in-house staff. Automating such a personal approach will reduce the need for hiring more employees, and will help you build more meaningful relationships with your customers. Save time and money For most small and medium businesses, marketing is the single most expensive business process. Not only does it cost money, it also requires time and effort, all of

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How Machine-Learning Technologies Can Help Boost SME Revenues

The term machine learning was first coined in 1959 by Arthur Samuel, as a field of study that gives computers the ability to learn without being explicitly programmed. Machine learning focuses on the development of computer programs that evolve when exposed to new data. This enables computers to screen and sort data through self-learning and prediction techniques. Computers employ artificial intelligence techniques to learn by itself through repetition and experience. With big data in picture, machine learning today has grown into potentially a highly significant field of study.  Businesses can gain tremendously from machine learning solutions. Machine learning solutions require highly skilled engineers who can build and maintain these solutions. However, small scale businesses usually do not have enough resources to construct their own solution; so, enrolling for machine learning as a service on a cloud is the best way forward to experience its multifold advantages and boost revenues. Machine learning solutions are enabled to extract quality data from big data. For a business website, blog or social media page that generates a tremendous amount of data on a daily basis, it is practically impossible to sort data manually.  And if the data is left unprocessed or unutilized, a business can lose out on many opportunities and market sentiment due to its failure to discern the data. The following article will briefly explore how machine learning solution can help SMEs in many ways: Generate valuable content A lot of user-generated content is produced on company websites in the form of feedback, comments, and reviews.  Content produced by users does not guarantee any authenticity.  It can be vulgar, false, abusive, or completely negative.  Machine learning solutions filter out objectionable content without human interference or manual tagging.  The result is that users can view only quality, relevant, and unbiased content. Email service providers having been using this technology for a long time to filter out spam emails, which we often find in the junk folder.  Machine learning solutions enabled mailing software to identify spam and bots on its own based on artificial intelligence.  And the ability to filter spam keeps increasing every day based on experience. Similarly, user-generated content can be filtered by implementing machine-learning solutions for websites, blogs and social media handles of a company. Recognize visual content Content generated on the internet is not limited to text but also images and videos. Usually, users need to manually describe and tag visual content for analysis. However, machine learning services are enabled to automatically annotate images. Such solutions use semantic classifiers to recognize objects based on color, texture, shape and edges. Filter objectionable visual content Businesses can tremendously benefit by automatically filtering objectionable visual content on social media platforms like Facebook, Pinterest, Twitter, Instagram or their blog. This can save a lot of time which otherwise is consumed in manually scanning every image or video uploaded on social media handles. This is important considering the amount of visual content generated every day. Moreover, visual content can be more sensitive or offensive. Identify images relevant to a specific product On the other hand, it empowers businesses to identify images that are relevant to their brand across their network or probably across the web. If any person uploads an image that relates to a specific product and is relevant to a business, machine-learning solutions would be capable of identifying such content. Businesses can measure the impact of their campaigns, product’s fondness among users, and conduct other analysis. This is aptly applicable to online retailers who significantly rely on visual content. Help users find better products Machine learning is suitable for users who search for better products on the web. Google Image Search, Pinterest, TinEye are popular services that use content-based image retrieval system and greatly rely on the machine-learning algorithm to help find users better products, locate the source of image and web pages, find higher resolution versions, get more information about an image. There are many e-commerce services that utilize machine-learning technology to help its customers quickly browse and find a better and highly relevant product depending upon their likings and preferences. It can suggest new products to customers by deploying machine-learning strategies. Provide efficient customer support Machine-learning solutions have found great acceptance among customer service areas. Customers generate different types of queries on company’s website through the contact us forms. For e-retailers, the load of customer queries is even higher. It is extremely difficult to manually go through the content of each query, tag and then re-route the query to a specific department. The cost of handling queries can be hefty for a small business owner. Moreover, this delays customer query resolution and businesses can lose out on customers. On the contrary, if customers are asked to fill complicated forms to generate a query, the possibility is that customers will feel frustrated to do that and will never go ahead. Machine-learning solutions are capable of identifying content in the query form and directing it to the specific department for query resolution. Understand customer behavior It is necessary to understand the market sentiment to drive critical business decisions. For instance, if a business does a test launch and wants to track consumer opinion across the web, it can monitor so by deploying machine learning techniques. Marketers can deploy machine-learning solutions that can specifically track consumer review forum apart from their social media handles like Twitter, Facebook. Social media listening has gained a lot of traction over the last few years. Consumer opinion spreads like fire on social media and some controversial posts can instantly become viral. Keeping a tab on market sentiment will help marketers to understand customer behavior and design better solutions for them. Invest in machine-learning services to grow Machine-learning as a service has remarkable potential in future and is still at a nascent stage. It is clearly understood that machine-learning techniques are an absolute necessity for modern marketers. Higher the capability of an algorithm, the more useful it is to the user and the business. Customers are central to

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