MARKETING
Measuring CDP adoption: A comprehensive framework
Implementing a customer data platform (CDP) is no small investment. And, to paraphrase Spiderman, with great investment comes great expectations from the C suite. What they are going to want to know is also the hardest to answer: “Are we seeing value from our CDP, and what is the ROI?”
Many studies prove CDPs drive business value. They do this by:
- Building an omni-present single customer view.
- Creating consistent experiences across channels.
- Informing the delivery of personalized content.
- Providing real-time access to customer profiles.
- Eliminating redundancies through technology platform consolidation.
- Creating efficiencies through automation and time to activation.
However, they do this in conjunction with other systems, not on their own. This makes it difficult to understand the value contribution and prove ROI. But the following framework will help you assess its value.
Dig deeper: What is a CDP and how does it give marketers the coveted ‘single view’ of their customers?
The CDP adoption framework
Driving greater CDP adoption guarantees additional business benefit. Adoption is straightforward to understand and measure, provided you use a comprehensive framework which looks at:
- Platform utilization.
- Organizational adoption.
- ROI tied to CDP-powered activations.
This framework will provide quantitative and qualitative data to inform your understanding of:
- How far your organization has come.
- How far it needs to go to reach your ideal maturity level.
- What you need to do to get there.
Each CDP has its distinct collection of capabilities. That said, several categories of utilization can be analyzed for any platform as part of a universal adoption framework.
Here’s how to assess each of those seven categories.
Data availability
Your CDP is only as good as the data residing within it. The following chart shows how to assess your data.
Integrations
Your CDP fuels the experiences you create with customers through inbound or outbound channels. To create coordinated experiences consistently, it must collaborate with all key platforms, including:
- Platforms that decide what is most relevant.
- Platforms that deliver those prescribed experiences.
Your CDP must continually augment profiles with signals captured from inbound and outbound interactions.
A well-integrated CDP connects with platforms that support relevant-time decisions without information gaps.
A CDP that isn’t designed with interoperability will not provide the level of maturity required to achieve what most organizations desire — real-time optimization at the moment of interaction.
Dig deeper: What is identity resolution and how are platforms adapting to privacy changes?
Platform features
The features available in any platform typically fall into two categories:
- Features that were priorities in your buying evaluation.
- Those that were not.
Too often, we find that those ancillary features are forgotten and under-leveraged.
For instance, just because you have a more advanced site personalization platform doesn’t mean you can’t find opportunities to leverage out-of-the-box site personalization capabilities. They are usually fast to implement as the integration is pre-built.
User community access
While marketers are usually the driving force behind adoption, CDPs aren’t just for them. It is essential to drive use of the CDP by people outside of the marketing department. This requires education and strategic partnerships.
The fact is that CDP intelligence can have more impact on sales or customer service programs than on marketing which is accustomed to using rich first-party data.
The responsibility for successful CDP adoption doesn’t fall only on marketing and IT stakeholders. A team focused on CDP success must include marketing, IT, marketing analytics, sales, agencies, product, service, creative and even legal teams to establish and refine new processes for providing customer experiences.
Audience management
This can be evaluated by looking at the following:
- Access How broadly accessible are audiences across touchpoints, and how much are they being used in the platforms that are creating experiences?
- Automation Leveraging more advanced techniques (i.e., creating event-driven audiences for use within journeys or automated delivery of audiences to activation platforms) allows for more time to support common urgent needs that arise within an organization.
- Time to campaign How long does moving from ideation to campaign design to implementation take? A CDP should accelerate the process. But the more manual data and platform work required, the less efficient the process will be.
- Use of machine learning (ML) When injected into audience management methodology, predictive modeling will increase the sophistication most marketers aspire to achieve in their personalization goals.
Activations
Simply leveraging a CDP within customer experience programs doesn’t fully indicate how well an organization has adopted a platform. What you need to do is measure the ROI from use cases enabled directly by the CDP is achievable with some discipline.
Whenever possible, leverage existing measurement methodologies and infrastructure to compare results from activations before and after using the CDP. Create a plan that clearly captures the KPIs, audience, creative and test group sizing before execution. Ensure all platforms and integrations are configured appropriately to support the execution and data capture required for the test.
Identity resolution
Every CDP promises a single customer view (SCV). SCV can’t be accomplished without identity resolution, no matter the nuances in your data or mix of offline and online identifiers.
Ensure you’ve established comprehensive rules for stitching together all identifiers across all data sources. More importantly, all identifying events occurring throughout any part of the customer experience must be adequately handled by the platforms delivering those experiences.
Those platforms must capture all identifiers and their associations and provide that information to the CDP’s identity resolution processes.
Scoring your CDP
Quantitative output
In looking across the above categories in the framework, record your current and future state maturity on a scale of 1-5.
It’s important to understand that it’s unrealistic for every (any!) organization to score a 5 within all categories. This scoring should not be arbitrary.
At Actable, we have established clear definitions of maturity across multiple subcategories within each category we use in the scoring rubric. Define these guidelines before scoring to ensure you are objectively scoring individually or by committee.
Qualitative output
As you look at the gap between your current state and target state maturities, what areas do you need to focus on closing this gap?
Perhaps data quality is holding you back. Or you need to prioritize building that missing integration that will enable a better understanding of customers.
Or it’s time to implement a test of that capability or channel that you always considered a nice-to-have.
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Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.
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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