Email marketing ranks No. 2 among uses for data-driven marketing, surpassed only be personalization, according to Data Driven Marketing: A Research Guide for Marketers, a study by Ascend2. And it may be that the term ‘personalization’ covers email as well as ad delivery.
The most popular uses for data-driven marketing are:
First, a definition: Data-driven marketing is the science of making decisions backed by data.
But it’s not easy. The greatest challenges are:
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Moreover, the discipline itself has been affected by several factors in the past year:
Despite all that, 62% of marketers say they’re somewhat successful at data-driven marketing, and 29% claim they’re very good. Only 9% are unsuccessful.
What’s more, 79% are satisfied with their team’s ability to make effective decisions based on customer data, and 25% very much so.
And 65% say their data-driven marketing budgets are increasing moderately, while 17% expect significant jumps. But 17% are reducing their spend, with 3% reducing spend significantly.
What do they plan to spend it on? Their top improvement priorities for the year ahead include:
How often do brands make use of this asset when making decisions? Of those polled, 24% always do so, and 39% most of the time. Another 28% say some of the time, 8% very little and 3% never.
Ascend2 and its Research Partners surveyed 485 marketers between from September 20-28, 2021. Of those, 25% were B2B, 52% were B2C, and 23% were B2B and B2C equally. In addition, 48% described themselves as owners/partners/C-level, 25% vice president/director/manager and 27% non-management professionals.