
Email marketers may not be worried about
this since their medium is built on direct response, but they probably should be. A new study by the data firm TransUnion, created with eMarketer, found that measurement confidence is
declining.
Of the marketers polled, 14% say their faith has declined. And 60.2% add that their metrics are being challenged by internal stakeholders, particularly
non-marketing ones. Moreover, 28.6% have had from 11% to 20% of their budget reallocated or put at risk because of measurement doubts.
As a result, 50% of marketers are turning to
artificial intelligence and machine learning to automate reporting.
Those doubts are being driven by:
- Siloed or incomplete
data—49.5%
- Cross-channel deduplication challenges—48%
- Walled-garden reporting
limitaitons—40.8%
- Limited availability of third-party cookies/device IDs—25.5%
- Lack of internal
expertise—21.9%
- Model bias or black-box methodologies—21.4%
- Other—1.7%
- None
of the above—5.1%
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In addition, marketers have set these priorities for the next 12 months:
- Aligning marketing
metrics to business outcomes—66.3%
- Improving cross-channel attribution accuracy—55.1%
- Reducing time to
insight—36.2%
- Expanding incrementality testing—27.6%
- Incorporating retail media networks into unified
measurement—18.9%
- Less reliance on third-party cookies—13.35
- Other—2.6%
With 26.5% dissatisfied with their measurement tech stack, marketers are turning to long-term holistic strategies such as marketing mix modeling and multitouch
attribution.
TransUnion and eMarketer surveyed 196 U.S. marketers.