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Wednesday, May 27, 2020

Category Name: Marketing Measurement

Trends In Marketing Measurement You Need To Follow In 2019 [Video]

The new year is just a few days away so it is high time we find out what the future holds for our brands. Marketing measurement is one of the most important elements that helps you effectively find out the impact of your campaigns.Forrester analyst Jim Nail has shared a video talking about the trends in marketing measurement for the year 2019.Nail says, “Marketers are held to an ever-higher standard of accountability to ROI and business impact. But many marketers struggle to meet these expectations, hampered by long-established habits and lack of knowledge about new data- and analytics-enabled... (Read More ...)

Marketing measurement and analytics: What you need to know [Guide]

Marketing Week has published a guide titled ‘Marketing measurement and analytics: What you need to know’. It features strategies to improve marketing measurement and analytics.The MW team says, “The Fundamentals of Marketing Measurement and Analytics Best Practice Guide will help you navigate your way through this complex environment. It covers how to:Turn data into insight and most importantly business outcomesManage the plethora of data from different sources across different platformsDevelop meaningful measures of attributionDevelop channel by channel strategiesUse data... (Read More ...)

Change Your Measurement Priorities for Better Growth

Marketing measurement is mainly focused on the revenue achieved through various channels and the evaluation of the performance of those channels.According to Google’s Matt Lawson, marketers need to change their measurement policies to achieve success in the mobile-first world.Lawson has mentioned three mindset shifts:Customer vs. ClicksBusiness outcomes vs. Media Metrics, andExperiments vs. Optimization.On connecting media metrics to outcomes, Lawson says, “It’s a fact of life that media metrics can’t precisely report how investments are performing immediately, in terms... (Read More ...)

Google-Econsultancy Research Reveals How Marketers Are Using Measurement

Marketing measurement, a systematic management of marketing resources to achieve measurable gain in return on investment, is challenge for marketers in this multichannel and multidevice world.Econsultancy and Google have revealed the results of a research on challenges of measurement in a mobile, multichannel and multidevice world, according to Stefan Tornquist of Econsultancy.Here are some of the findings:58% marketers believe that first-party data is a strategic asset that informs their decision-making73% of marketers are comfortable using proxies to tie media metrics with business outcomes80%... (Read More ...)

Improving Your Marketing Measurement Efforts

Marketing measurement, a systematic management of marketing resources and processes to achieve measurable gain in return on investment and efficiency, helps organizations and marketers achieve their marketing goals by maintaining quality in customer experience.Recently Forrester’s Tina Moffett and Jim Nail conducted a “Fix Your Measurement Mess” workshop at the 2017 Consumer Marketing Forum in New York. The workshop enables the participants to take inventory of their challenges and to recognize priority metrics for their own businesses.Moffett has posted an article summarizing the... (Read More ...)