Connect with us


When it comes to marketing technology, ends come before means



When it comes to marketing technology, ends come before means

CDP is like a map. It only helps you if you know where you want to go. This idea, understanding your goal before purchasing technology, isn’t how some marketers operate. However, shifting to this approach is essential – especially given today’s marketplace. That was the conclusion of top marketers participating in the keynote discussion for day two of The MarTech Conference.

Cesar Brea of Bain and Co.
Cesar Brea of Bain and Co. speaking at The MarTech Conference.

“The conversation around marketing technology has really classically been kind of, ‘I have this set of tools, what should I do with them?’” said Cesar Brea, partner at global management consulting firm Bain & Company. “And it’s switching the client perspective from the platforms to use cases, from the means of technical delivery back to a client’s performance goals, that we see as, as maybe the most useful thing that we can begin to actually do.” 

You need to know what to measure

This isn’t only because marketers have a fondness for the shiny and the new. It’s also because they’re looking for the metrics that can help them best achieve their goals.

“Over the last decade it’s felt like we as practitioners, as technologists, as advisors, have been chasing…technological changes,” he said. “First we sort of chased email testing technologies, and then it was web and mobile analytics, and then it became journey orchestration and personalization and recommendation technologies and then multi-touch attribution.”

Tech needs to be in service of goals

Ricardo Ortegon, the global VP of martech at brewer AB InBev, agreed, saying his company had a history of buying technology without a clear understanding of whether it would help achieve their goals. This resulted in a lot of it being underutilized and sometimes even forgotten after a few months or years. 

What changed?

“When it comes to digital transformation…our overall strategy is entrenched in our overarching business objective. That is that we want to know consumers better than anybody else, so we can better serve them,” Ortegon said.

See also  Metaverse Marketing Myths, Musts & Mantras #WAGMI via @sejournal, @lisabuyer
Betsy Schneider of Bain & Co. speaking at The MarTech Conference.

“From this overarching business objective we create themes or topics that we work around specific problems, or opportunities that we have, like smart audience creation, personalization at scale, full funnel marketing, real time optimization,” he said. Only when they agree on that do they start looking at what tech they need. “We like to say that we fall in love with a problem, not with the technology that we’re addressing.”

The rapid changes in consumer behavior brought about by the pandemic highlighted this issue, according to Betsy Schneider, director, media at Bain & Company. She said many of their clients were caught flat footed, unable to quickly change how they connected with customers.


Identify the business challenges first

“For the majority of the clients that I’ve worked with, during this time, a lot of that flat footedness was caused because they had so many technologies going on.” she said. “They have the CDP, the DAM, the onsite personalization, technology, analytics, really everything that makes up a stack, which is all necessary. And a lot of this complexity made it difficult to manage the communications and the priorities at a time when they really needed to be nimble.”

Ricardo Ortego of AB InBev
Ricardo Ortego of AB InBev speaking at The MarTech Conference.

She pointed out one client, in the furniture industry, was struggling with the gap from their online research to their offline sales measurement even before COVID hit. 

“They have lots of tools, but the tools didn’t have much integration,” she said. “And there was a bit of a gap because they only saw their customers in the furniture business once every eight or so years. And so something that had, in previous times, been more of an inconvenience [when it came] to really understanding your customer experience became this really mission critical gap when everything then was transitioned online.”

See also  'Pinterest Shop' Supports Small Businesses This Holiday Season

Bake it in from the beginning

Responding to rapid change isn’t only a problem only for long-established companies. 

Biopharmaceutical company AbbVie was spun off from Abbott Laboratories in 2013. Denise Campbell, the company’s head of consumer marketing, said that from the beginning the company has been acquiring technology based on its strategic goals.

First the company did some initial benchmarking “in terms of our digital maturity relative to the pharmaceutical industry, but also looking at the pharmaceutical industry relative to other verticals like retail and financial services,” she said. 

That helped them determine where they needed to start from in order to maintain their competitive advantage as a marketing company.

Denise Campbell of AbbVie speaking at The MarTech Conference

“And then once we planted our flag there, it became a lot easier for us…to say, okay, this is where we have gaps,” she said. Once they understood where those gaps were – whether in technology or in terms of skills and capabilities, “Then we could systematically start to fill those gaps and keep moving forward and hopefully not lose ground relative to the competition.”

Agility depends on clarity

While the company was well positioned in both approach and products to respond to the pandemic, it was hit by an entirely different change in the market.

“We barely had implemented our DMP from Adobe,” she said, when we realized “that’s going to be an antique within 24 months because of the deprecation of cookies. And so suddenly we found ourselves in the midst of a CDP implementation. I was like, ‘Well, it is what it is, but if I’d known that 12 months ago we might have done something a little differently.’”


Campbell said having a firm understanding of where you are and where you are going is the best way to prepare for the unexpected. 

See also  If Harry Potter led marketing operations, where would his team sit?

Know what’s essential to have

“Really diagnose the situation you’re in,” she said. Do the “benchmarking and understand what is quickly becoming table stakes versus differentiating capabilities for the business that you’re in.”

Knowing your ultimate destination will tell you the core elements you have to have in place, she added.

“You can do it piecemeal or you can do it all at once, but (whichever you choose) just walk in with eyes wide open, knowing that it’s a piecemeal solution, or an all in one,” she said. “I did have some days where I thought we had purchased all of the basic building blocks only to find out we hadn’t. So it’s kind of like you’re trying to make a cake, and then all of a sudden, you’re short one cup of flour. …Really make sure that you have clarity going in [that] if you want to be able to do three activities, make sure you have everything in house to enable you to do that.”

Read next: Breaking down the digital transformation of today’s customer journeys

About The Author

Constantine von Hoffman is managing editor of MarTech. A veteran journalist, Con has covered business, finance, marketing and tech for, Brandweek, CMO, and Inc. He has been city editor of the Boston Herald, news producer at NPR, and has written for Harvard Business Review, Boston Magazine, Sierra, and many other publications. He has also been a professional stand-up comedian, given talks at anime and gaming conventions on everything from My Neighbor Totoro to the history of dice and boardgames, and is author of the magical realist novel John Henry the Revelator. He lives in Boston with his wife, Jennifer, and either too many or too few dogs.

Source link


Old Navy to drop NFTs in July 4th promo update



Old Navy to drop NFTs in July 4th promo update

Old Navy will update its yearly Fourth of July promotions by saluting the metaverse with an NFT drop, going live June 29.

In honor of the year they were founded, the retailer will release 1,994 common NFTs, each selling for $0.94. The NFTs will feature the iconic Magic the Dog and t include a promo code for customers to claim an Old Navy t-shirt at Old Navy locations or online.

“This launch is Old Navy’s first activation in web3 or with NFTs,” an Old Navy spokesperson told MarTech. “As a brand rooted in democratization and inclusivity, it was essential that we provide access and education for all with the launch of our first NFT collection. We want all our customers, whether they have experience with web3, to be able to learn and participate in this activation.”

Accessible and user-friendly. Any customer can participate by visiting a page off of Old Navy’s home site, where they’ll find step-by-step instructions.

There will also be an auction for a unique one-of-one NFT. All proceeds for the NFT and shirt sales go to Old Navy’s longtime charitable partner, Boys & Girls Clubs of America.

Additionally, 10% of NFT resales on the secondary market will also go to Boys & Girls Clubs.

Support. This activation is supported by Sweet, who’s played a major role in campaigns for other early NFT adopters like Burger King.


The Old Navy NFTs will be minted on the Tezos blockchain, known for its low carbon footprint.

“This is Old Navy’s first time playing in the web3 space, and we are using the launch of our first NFT collection to test and learn,” said Old Navy’s spokesperson. “We’re excited to enable our customers with a new way to engage with our iconic brand and hero offerings and look forward to exploring additional consumer activations in web3 in the future.”

See also  DigitalMarketer Launches Academy: Leading Marketing eLearning Company Creates Learning Paths

Read next: 4 key strategies for NFT brand launches

Why we care. Macy’s also announced an NFT promotion timed to their fireworks show. This one will award one of 10,000 NFTs to those who join their Discord server.

Old Navy, in contrast, is keeping customers closer to their owned channels, and not funneling customers to Discord. Old Navy consumers who don’t have an NFT wallet can sign up through Sweet to purchase and bid on NFTs.

While Macy’s has done previous web3 promotions, this is Old Navy’s first. They’ve aligned a charity partner, brand tradition and concern for the environment with a solid first crack at crypto.

Get the daily newsletter digital marketers rely on.


About The Author

Chris Wood draws on over 15 years of reporting experience as a B2B editor and journalist. At DMN, he served as associate editor, offering original analysis on the evolving marketing tech landscape. He has interviewed leaders in tech and policy, from Canva CEO Melanie Perkins, to former Cisco CEO John Chambers, and Vivek Kundra, appointed by Barack Obama as the country’s first federal CIO. He is especially interested in how new technologies, including voice and blockchain, are disrupting the marketing world as we know it. In 2019, he moderated a panel on “innovation theater” at Fintech Inn, in Vilnius. In addition to his marketing-focused reporting in industry trades like Robotics Trends, Modern Brewery Age and AdNation News, Wood has also written for KIRKUS, and contributes fiction, criticism and poetry to several leading book blogs. He studied English at Fairfield University, and was born in Springfield, Massachusetts. He lives in New York.

See also  How to Manage YouTube Comments

Source link

Continue Reading

Subscribe To our Newsletter
We promise not to spam you. Unsubscribe at any time.
Invalid email address