The State Of Data-Driven Marketing In 2023
In this article, we will take a look at the state of data-driven marketing in 2023 and how it is transforming the marketing landscape.
Read MoreAt [B]RIGHT, we illuminate data-informed digital solutions to help your brand succeed in an increasingly complex marketing landscape. We take the guesswork out of your marketing strategy.
Lob, a direct mail automation platform, has published their 2022 State of Direct Mail report. Their insights arose from interviews with 170 marketing executives from US companies with over a thousand employees that send an average of between 100 thousand to 100 million mail pieces per year. The report concludes that 2021 brought many changes to how brands do business, and the direct mail process as a marketing channel is no exception. Marketers need direct mail that integrates into omnichannel marketing campaigns with processes that are fast, flexible, and measurable.
That is where direct mail programs join the marketing mix, where automations can send personalized, trackable, and measurable direct mail pieces. Forty-eight percent of survey respondents utilize personalized URLs with direct mail to measure conversion rates, and another 45% use customized QR codes. Eight in 10 enterprise companies across all industries surveyed send some sort of personalized direct mail. That comes as no surprise when some marketers report response rates exceeding 27% when paired with email marketing tactics.
Google announced this month that its Privacy Sandbox will roll out on Android markets. The move is intended to limit sharing of user data with third parties and to phase out cross-app identifiers, which also includes Google’s advertising ID tracker. Google said that it would continue to service existing advertising ID services for at least another two years, so it’s a much more gradual rollout than Apple's abrupt privacy changes.
This announcement comes as no surprise, as privacy concerns have prompted many recent martech changes. Luckily Google's gradual phasing out will allow time for marketers to adapt their strategies and retool. Many businesses, including retail giants like Home Depot, Target, and Walmart, are making the shift to acquiring first-party data by investing in retail media networks to sell and place advertisements while also ramping up email list automations. More emphasis will be placed on earned and owned media and less on straight media advertising, as targeting options will become less niche, less contextually relevant, and more broad. Google has attempted to soften the blow with its rollout of Topics, targeting based on user interests and browsing history over a cycling three-week period.
The Trade Desk is rolling out OpenPath, a new product meant to provide advertisers with more access to premium ad inventory on top publishers' websites.OpenPath should make it easier to navigate the programmatic spaces which have long been plagued by transparency issues and controlled by a handful of platforms (e.g., Google, to name the key player).
At the same time that OpenPath is winding up, they will be phasing out the use of Google’s Open Bidding tool. While they will continue to buy Google ad inventory, this change is seen by some as a blow to Google and appreciated by independent ad-tech firms who see Google as “wielding outsized control over the digital ecosystem.”
Google, as a search engine, is ingrained in the everyday lives of most web users. Since its inception in 1997, it gained market share at an exponential rate, and today it’s the largest search engine in the industry. The team at Oberlo, a product-sourcing and dropshipping business startup resource, has compiled some key insights on Google search usage. Everyone is familiar with Google as the go-to search engine, but what does that actually look like?
(Editorial) Methodology: We help brands grow based on data, research, data analysis and synthesis, and a hefty dose of proven processes, tactics, and channel-specific strategies. | Objective: To distribute timely insights and information about tools, trends, and research and data strategies that work. | Sample size: n=the entirety of the Internet. | Audience: Smart brand marketers that understand the importance of using data and research to inform strategic decision-making.
In this article, we will take a look at the state of data-driven marketing in 2023 and how it is transforming the marketing landscape.
Read MoreMarketers need to be agile and proactive in their planning, adapting to the changing landscape and staying ahead of the competition.
Read MoreThe marketing landscape in 2022 saw the continuation of several key trends, including the growing importance of data-driven marketing, the rise of e-commerce and the increasing dominance of digital channels.
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