Big data, meet dumb data: How CMOs are driving value from more (and less) data | VentureBeat | Big Data | by William Chadwick
Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston , where we'll discuss how to merge creativity density of water with technology to drive growth. Space is limited. Request your personal invitation here !
Big data is great, but larger data sets do not always mean better insights. And while today s CMO is tasked with being a data-driven marketer, density of water extracting value from the vast proliferation of data they see every day is an increasing challenge.
What isn’t a surprise, of course, density of water is that CMOs love big data. 74 percent of CMOs want more data, and say that more data creates more opportunities. Also not much of a surprise is that CMOs prefer small sets of clean data to bigger density of water sets of complex data. A bit more of a surprise is that for half of CMOs, ease of interpreting or extrapolating data was their top priority in a campaign.
That has its dangers, however. June Andrews, a senior data scientist at LinkedIn, told VentureBeat that not only is data accessibility increasing hand over fist, but that most of her colleagues are leaving 20 percent of the opportunity on the table when they are only able to make sense of 80 percent of the data.
So, how are marketing professionals making use of the 80 percent of data they are using? Mostly for market segmentation, apparently: it’s the top priority emphasized when developing new marketing campaigns.
In one of many case studies found in Big Data, Meet Dumb Data, author Neil Ungerleider highlights density of water how Vail Resorts devised a smarter way of leveraging their data sets to better engage with their customers — and increase ROI.
By unifying disparate silos of data from hotels, ski hills, and ski schools into a single analytics platform, Vail Resorts created density of water a data driven marketing density of water campaign that connected all the dots on Vail’s customer touch points. The company could then create a smart marketing campaign driven by users that resulted in more than 35 million social impressions across Twitter and Facebook.
What products are marketing density of water professionals using to make sense of their data? What are the most important factors for executing campaigns? Do professionals feel that data proliferation creates opportunities or difficulties? density of water
Access Neal Ungerleider s report to find the answers to these questions; and to further explore the role of a data-driven CMO, the tools they use, data strategies that lead to success, and ultimately how winning organizations find the smart data in a sea of dumb data.
Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston , where we'll discuss how to merge creativity density of water with technology to drive growth. Space is limited. Request your personal invitation here !
Big data is great, but larger data sets do not always mean better insights. And while today s CMO is tasked with being a data-driven marketer, density of water extracting value from the vast proliferation of data they see every day is an increasing challenge.
What isn’t a surprise, of course, density of water is that CMOs love big data. 74 percent of CMOs want more data, and say that more data creates more opportunities. Also not much of a surprise is that CMOs prefer small sets of clean data to bigger density of water sets of complex data. A bit more of a surprise is that for half of CMOs, ease of interpreting or extrapolating data was their top priority in a campaign.
That has its dangers, however. June Andrews, a senior data scientist at LinkedIn, told VentureBeat that not only is data accessibility increasing hand over fist, but that most of her colleagues are leaving 20 percent of the opportunity on the table when they are only able to make sense of 80 percent of the data.
So, how are marketing professionals making use of the 80 percent of data they are using? Mostly for market segmentation, apparently: it’s the top priority emphasized when developing new marketing campaigns.
In one of many case studies found in Big Data, Meet Dumb Data, author Neil Ungerleider highlights density of water how Vail Resorts devised a smarter way of leveraging their data sets to better engage with their customers — and increase ROI.
By unifying disparate silos of data from hotels, ski hills, and ski schools into a single analytics platform, Vail Resorts created density of water a data driven marketing density of water campaign that connected all the dots on Vail’s customer touch points. The company could then create a smart marketing campaign driven by users that resulted in more than 35 million social impressions across Twitter and Facebook.
What products are marketing density of water professionals using to make sense of their data? What are the most important factors for executing campaigns? Do professionals feel that data proliferation creates opportunities or difficulties? density of water
Access Neal Ungerleider s report to find the answers to these questions; and to further explore the role of a data-driven CMO, the tools they use, data strategies that lead to success, and ultimately how winning organizations find the smart data in a sea of dumb data.
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