Extracting marketing value from data

As businesses strive to become more data-driven, the challenge lies not amassing data for
data's sale, but in getting the right data.

According to research from Harvard Business Review, data records are so prone to critical errors that less than three percent of data meets basic quality standards. Accuracy matters, and banking on the wrong data can translate into serious business losses. In 2016 IBM estimated that losses due to poor data quality cost the US economy $3.1 trillion annually

Gary Read, CEO of Import.io, a web data integration solution provider, spoke about how his business gathers data from publicly available websites and puts it into a common format to enable organizations to gain insights that can inform their marketing strategy.  What Import.io does is take care of the data so that businesses can focus on the insights.

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Tapping Data for Marketing Insights

LinkedIn Hops On the Story Bandwagon with Student Voices

Story Time at LinkedIn

LinkedIn has rolled out its own stories feature. Here's how college students are using it

ARIELLA BROWN

 DECEMBER 27, 2018

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We all have our own stories to tell, and some of us choose to share them with the world on social media in video format. That’s why a person’s “story” on Snapchat, Instagram, and Facebook refers to a video post.  Now LinkedIn is going to try to be a platform of stories, too, rolling it out first for American college students.

 As TechCrunch recently reported, LinkedIn will allow student to post short videos on their Campus Playlist. They can then be viewed there for one week, though they will remain accessible for as long as the student wishes under the the individual profile’s “Recent Activity.”

If you’re a regular LinkedIn user you might have noticed that it now encourages people who post to add in hashtags, generating several suggestions you can just click. It also does this for Student Stories, according to the TechCrunch report, which is why there will likely be more instances of the hashtag #OnCampus appearing on the videos linked to the school’s Campus Playlist.

To get deeper into this story, I reached out to students on LinkedIn. Cammy Okmin, a student at California Polytechnic who holds the title of LinkedIn Campus Video Editor, graciously answered my questions via email.

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Story Time at LinkedIn

Planning for 2019: B2B Marketing

CIOs at successful B2B companies are planning for a 2019 marketing stack roadmap with a focus on #CustomerTech. That means not just collecting data but using it to address the business needs of their customers to achieve an unprecedented lift in KPIs defined around understanding customer behavior.

Next year is set to be one for businesses to fully optimize their customer data quality and insights by setting up the right technology platform for marketing to business customers. As you plan your 2019 budgets, the essential thing to think about is the customer aspect of #CustomerTech. Approaching tech from that perspective results in better customer data and analytics -- the prerequisites for account based marketing (ABM).

Thanks to the rise of digital transformation, marketing models have evolved. The same demand for personalization that has arisen in the B2C realm now applies to the world of B2B marketing.

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Biggest Cyber Monday Ever

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This year’s Cyber Monday was the biggest ever. Impressive as they are, the numbers for sales only tell one part of the story. The other is which brands invested in ads in kicking off the holiday shopping season and how customers responded and reached out to them.

Crunching through the numbers, Adobe Analytics reported that this year’s Cyber Monday Sales broke US sales records, thitting  $7.9  billion, an amount that represent 19.3 percent YOY growth and which exceeded the predicted spend of  $7.79 billionthat would have translated into 17.6 percent YOY growth  for the day.

Those represent just online sales, but some of the same people also spent money in stores over the Thanksgiving weekend. According to the National Retail Foundation(NRF)  over 89 million gave business to both online and physical retail outlets, which represents an increase of close to 40 percent over last year.

Investing in the technology that enables multichannel shopping had a real payoff, according to the NRF. “The multichannel shopper outspent the single-channel shopper by up to $93 on average.”

So what role did marketing play in the billions of dollars of spending? Working with DialogTech, 4C Insights put out a report that presented the data on ads, social lift, and phone calls. What they found was that the top 10 advertisers were made up not just of retailers but also financial services, automotive and other industries. The impact of their TV ads appears in the increase in social media engagement that immediately followed their ads...

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Why Cyber Monday 2018 Was Biggest Ever

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http://writewaypro.blogspot.com/2018/08/capitalizing-on-holiday-marketing.html