Five Steps to Implementation
Analytics, once a back-of-the-house research function, is becoming entwined in daily strategy development and operations. Executives who were pioneering early digital marketing teams 10 years ago are advancing to the CMO office. Already wired for
measurement, they are often amazed at the analytics immaturity of the broader advertising industry.
These new CMOs are taking more responsibility
for technology budgets and are creating a culture
of fact-based decision making within advertising.
Technology consultancy Gartner estimates that
within five years, most CMOs will have a bigger technology budget than chief technology ofifcers do.
Technology is necessary but not sufficient to
move an organization to analytics 2.0. In our experience, these initiatives require five steps, which can be implemented evenb y small companies:
First, embrace analytics 2.0 as an organization wide effort that must be championed by a C-level
executive sponsor. Often, pockets of resistance to
new analytics approaches crop up, as they challenge closely held beliefs about what works and
what doesn't. Senior-level buy-in is essential to help
promote clarity of vision and alignment in the early
stages.
Second, assign an analytics-minded director or
manager to become the point person for the effort. It
should be someone with strong analytical skills and
a reputation for objectivity. This person can report to
the CMO or sit on a cross-functional team between
marketing and finance. As the project expands, he or
she can help guide business planning and resource
allocation across units.
Third, armed with a prioritized list of questions
you seek to answer, conduct an inventory of data
Five Steps to Implementation
Analytics, once a back-of-the-house research function, is becoming entwined in daily strategy development and operations. Executives who were pioneering early digital marketing teams 10 years ago are advancing to the CMO office. Already wired for
measurement, they are often amazed at the analytics immaturity of the broader advertising industry.
These new CMOs are taking more responsibility
for technology budgets and are creating a culture
of fact-based decision making within advertising.
Technology consultancy Gartner estimates that
within five years, most CMOs will have a bigger technology budget than chief technology ofifcers do.
Technology is necessary but not sufficient to
move an organization to analytics 2.0. In our experience, these initiatives require five steps, which can be implemented evenb y small companies:
First, embrace analytics 2.0 as an organization wide effort that must be championed by a C-level
executive sponsor. Often, pockets of resistance to
new analytics approaches crop up, as they challenge closely held beliefs about what works and
what doesn't. Senior-level buy-in is essential to help
promote clarity of vision and alignment in the early
stages.
Second, assign an analytics-minded director or
manager to become the point person for the effort. It
should be someone with strong analytical skills and
a reputation for objectivity. This person can report to
the CMO or sit on a cross-functional team between
marketing and finance. As the project expands, he or
she can help guide business planning and resource
allocation across units.
Third, armed with a prioritized list of questions
you seek to answer, conduct an inventory of data
การแปล กรุณารอสักครู่..
