Most brands are doing a good job of linking their data and personalization strategies, according to Data Driven Personalization, a study released on Monday by Ascend2.
Of the
marketers polled, 56% feel they are somewhat good at this task and 40% say they’re very good at it, or best in class. Only 4% rate themselves as unsuccessful.
In addition, 86% plan
to devote more of their total budget to incorporate data-driven personalization into their overall strategy. And 18% plan significant increases, while only 13% foresee decreases.
Email is the
leading personalization medium, used by 51%. And 46% personalize marketing content.
Another 40% personalize their website home pages, while 32% personalize their search engine marketing, 31%
personalize their campaign landing pages and 28% personalize their blog/social media posts. Last on the list are product/pricing detail pages, personalized by 18%.
But companies face
challenges in implementing their data-personalization strategies, including:
- Improving customer experience — 44%
- Increasing visitor engagement — 42%
- Improving quality of data used — 41%
- Increasing conversion rate — 32%
- Improving product offer & pricing — 26%
- Improving lead program —
28%
- Improving brand preference — 23%
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Those challenges fit closely with the primary objectives of data-driven personalization strategy:
- Improving customer
experience — 64%
- Increasing visitor engagement — 44%
- Increasing conversion rates — 43%
- Improving product offer & pricing — 26%
- Improving quality of data used — 26%
- Improving lead program — 25%
- Improving brand preference — 23%
Here are the types of marketing
data they use for personalization:
- Website activity — 55%
- Transaction activity — 47%
- Campaign activity — 37%
- Gender/age/location — 32%
- Name — 26%
- Company/employment — 24%
- Title/purchasing role — 19%
Meanwhile, 25% say
their effectiveness is increasing substantially and 67% say it is increasing marginally. A mere 9% feel it is decreasing.
Of the sample, 59% use a combination of in-house and outside
resources, while 30% use in-house resources only and 32% use outside resources only.
Ascend2 and its Research Partners surveyed 251 marketing influencers.