MARKETING
10 New Technologies that will change the way we do Marketing
Do you know the technologies that will change the way you do marketing? The only constant is the change mechanism. In recent years, dozens of technologies have emerged that influence the way in which we relate to almost all aspects of our life: medicine, gastronomy, tourism, or education.
It was a matter of time before many of them were applied to marketing, one of the disciplines that most influences consumer behavior. Here we focus on the 10 technologies that will change the way we do marketing that are already among us:
1. Big Data
One of the consequences of applying digital transformation to companies is a huge flood of data. The cost of storing petabytes of data is decreasing. So any device can collect millions of data that can become a nightmare if not used properly.
When it comes to marketing, this large volume of data can help to segment databases much better. And personalize the different messages depending on tastes, interests and even the behavior of users.
The important thing in this case is to be able to use the right technology to group all your marketing channels. And manage to turn data into knowledge.
2. Internet of things
The reduction in the cost of microchips has meant that almost any device can incorporate sensors that are connected together. This is the basis of what is known as the internet of things.
The progressive incorporation of this technology into our lives may make it necessary to start designing digital marketing strategies that are directed not so much to people as to objects. For example, if the refrigerator decides when to buy milk, it may be interesting to create marketing campaigns with bots that indicate the properties or that adapt the price depending on the available stock.
3.- 3D printing
The 20th century was the age of mass marketing. It was necessary to mass produce and sell in industrial quantities to achieve economies of scale. Therefore, the main channels for managing marketing were television, radio or the national press.
However, in the 21st century, technologies have emerged that will change the way of marketing such as 3D printing. With it you can make a single unique product. What clearly affects the way in which that piece will be released? Digital printing will favor the use of more personal channels such as email marketing, SMS marketing or social networks.
4.- Automation (of qualified work)
The automation of industrial jobs is a trend that, according to the study The Risk of Automation for Jobs in OECD Countries, puts at risk 12% of jobs in the OECD countries. Spain. Other analyzes put 43% of the number of jobs that can be destroyed to be done by robots.
When it comes to marketing, automation is a process that allows you to create a series of automatic and personalized messages in a lead nurturing process.
To achieve this, it is necessary to use marketing platforms that allow cross-channel communication by automating tasks that if done manually would not be possible. For example, email marketing automation makes it possible for emails to be sent when a subscription or purchase is made. Regardless of the time of day it is done.
5.- Augmented reality
Understanding augmented reality is simple: It is how a new look is defined that combines elements of the physical environment with other virtual ones. For this, technological devices must be used that allow building a mixed reality in real time.
The potential of augmented reality for marketing is beyond doubt. In fact, there are already success stories. Among them, the viral of the summer: Pokémon Go!.
6.- Cloud computing
The cloud or cloud computing have revolutionized many sectors. Among them, digital marketing. Today it is possible to perform many actions that were completely impossible before. In fact, there are services like YouTube that would be impossible in the absence of cloud computing.
This technology allows us to enjoy various tools to manage content or measure KPIs from any device with Internet access in a transparent manner.
Furthermore, cloud computing or web hosting is the main driver of on-demand services. An advance that has allowed that it is not necessary to buy a tool but that it is used only when it is needed.
7.- Drones
Have you heard about the tests that Amazon is conducting to make its deliveries with drones? This is just one of the uses of one of the technologies that will change the way we do marketing today.
Beyond the tasks of e-commerce logistics, drones open up new ways of generating content from hitherto unthinkable places. For example, tracking events with photos and images from anywhere in the auditoriums where they are held. OR
8.- Wearables
More and more people have smartwatches from which they manage not only their communications, both by phone and by email, but also other types of services such as monitoring their health.
But wearable marketing goes beyond the use of smart watches. T-shirts, fitness bands, jewelry or any type of clothing can already be part of a digital marketing strategy. A number of elements in continuous increase.
As indicated by an analysis by the IDC consultancy before the end of 2016, the number of wearables worldwide will exceed 101.9 million. A notable 29% increase over wearable items sold in 2015. Year in which there had already been a 171% increase compared to 2014.
Estimates indicate that by 2020 it will reach 213.6 million wearables. A juicy cake for those responsible for digital marketers of many brands.
9.- Virtual reality
Glasses that allow absolute immersion in parallel virtual reality. Oculus Rift is just the first step in one of the technologies that will change the way of marketing in a more brutal way. Especially because it is a technology that is not new.
The concept of virtual reality emerged in 1965 but it is during the 90s of the last century that various initiatives arose such as the virtual reality engine of Silicon Graphics or the creation of VRML (Virtual Reality Modeling Language. ” Language for Virtual Reality Modeling “).
Already in 2003, Second Life emerged, the now famous virtual world in 3D, which at least served to understand the potential of a technology that, later, has already been used in different situations by brands such as Tesco, Esso, Nike or British Airways. And that the purchase of Oculus Rift by Facebook for more than 2,000 million dollars in 2014 has put it on the spotlight as one of the bets that the main brands must include in their digital marketing strategies.
10.- Google ARA Project
The ARA Project is a Google initiative that seeks to develop a free hardware platform that allows the creation of modular smartphones. It is, therefore, Google’s vision for the future of mobility. And it’s based on the idea that you don’t have to buy a new mobile device every few years.
Instead, this platform raises a structure with smartphone modules of the owner’s choice. In this way, if a specific technology makes progress, it will be possible to incorporate it without changing the entire device. For example, if there are advances in facial recognition, in the speakers or in the camera, they can be integrated by replacing old modules as they are in separate modules.
This project highlights the value of mobile technologies. That they are already modifying the way in which current digital marketing strategies are managed. In fact, all the statistics say that mobile internet browsing will already surpass the traditional one from desktop computers in 2016.
These are just 10 technologies that will change the way you do marketing. There are many others like advanced robotics. Or the incorporation of bitcoin and cryptocurrencies. Or the deep web and the already imminent one of the autonomous cars that will allow to have the attention of the users in a time and place that until now was owned by the radio.
MARKETING
Trends in Content Localization – Moz
Multinational fast food chains are one of the best-known examples of recognizing that product menus may sometimes have to change significantly to serve distinct audiences. The above video is just a short run-through of the same business selling smokehouse burgers, kofta, paneer, and rice bowls in an effort to appeal to people in a variety of places. I can’t personally judge the validity of these representations, but what I can see is that, in such cases, you don’t merely localize your content but the products on which your content is founded.
Sometimes, even the branding of businesses is different around the world; what we call Burger King in America is Hungry Jack’s in Australia, Lays potato chips here are Sabritas in Mexico, and DiGiorno frozen pizza is familiar in the US, but Canada knows it as Delissio.
Tales of product tailoring failures often become famous, likely because some of them may seem humorous from a distance, but cultural sensitivity should always be taken seriously. If a brand you are marketing is on its way to becoming a large global seller, the best insurance against reputation damage and revenue loss as a result of cultural insensitivity is to employ regional and cultural experts whose first-hand and lived experiences can steward the organization in acting with awareness and respect.
MARKETING
How AI Is Redefining Startup GTM Strategy
MARKETING
More promotions and more layoffs
For martech professionals salaries are good and promotions are coming faster, unfortunately, layoffs are coming faster, too. That’s according to the just-released 2024 Martech Salary and Career Survey. Another very unfortunate finding: The median salary of women below the C-suite level is 35% less than what men earn.
The last year saw many different economic trends, some at odds with each other. Although unemployment remained very low overall and the economy grew, some businesses — especially those in technology and media — cut both jobs and spending. Reasons cited for the cuts include during the early years of the pandemic, higher interest rates and corporate greed.
Dig deeper: How to overcome marketing budget cuts and hiring freezes
Be that as it may, for the employed it remains a good time to be a martech professional. Salaries remain lucrative compared to many other professions, with an overall median salary of $128,643.
Here are the median salaries by role:
- Senior management $199,653
- Director $157,776
- Manager $99,510
- Staff $89,126
Senior managers make more than twice what staff make. Directors and up had a $163,395 median salary compared to manager/staff roles, where the median was $94,818.
One-third of those surveyed said they were promoted in the last 12 months, a finding that was nearly equal among director+ (32%) and managers and staff (30%).
Extend the time frame to two years, and nearly three-quarters of director+ respondents say they received a promotion, while the same can be said for two-thirds of manager and staff respondents.
Dig deeper: Skills-based hiring for modern marketing teams
Employee turnover
In 2023, we asked survey respondents if they noticed an increase in employee churn and whether they would classify that churn as a “moderate” or “significant” increase. For 2024, given the attention on cost reductions and layoffs, we asked if the churn they witnessed was “voluntary” (e.g., people leaving for another role) or “involuntary” (e.g., a layoff or dismissal). More than half of the marketing technology professionals said churn increased in the last year. Nearly one-third classified most of the churn as “involuntary.”
Men and Women
This year, instead of using average salary figures, we used the median figures to lessen the impact of outliers in the salary data. As a result, the gap between salaries for men and women is even more glaring than it was previously.
In last year’s report, men earned an average of 24% more than women. This year the median salary of men is 35% more than the median salary of women. That is until you get to the upper echelons. Women at director and up earned 5% more than men.
Methodology
The 2024 MarTech Salary and Career Survey is a joint project of MarTech.org and chiefmartec.com. We surveyed 305 marketers between December 2023 and February 2024; 297 of those provided salary information. Nearly 63% (191) of respondents live in North America; 16% (50) live in Western Europe. The conclusions in this report are limited to responses from those individuals only. Other regions were excluded due to the limited number of respondents.
Download your copy of the 2024 MarTech Salary and Career Survey here. No registration is required.
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