Why Is Data-Driven Marketing So Important?
Data-driven marketing can look like it is hard to understand but let’s break it down. Data-Driven = means that progress in an activity is compelled by data, rather than by intuition or by personal experience., Marketing = Marketing is the business process of creating relationships with and satisfying customers. Data-driven marketing is what marketers get, insights and trends, by looking into company-generated or market data. Next they use their insights from the generated material to determine what is the next step to get to the goal they are trying to reach. This may just be 1 step of a process to follow to get to the end goal, more sales, larger areas, products on shelves, product changes, new products etc. You also want to be able to adjust your plans as trends change and understand what your customers want as fast as possible.
When it comes to data and marketing, we know the struggle is real. To find out what the common challenges are and how marketers are dealing, we partnered with Ascend2 to survey B2C marketers and used their responses to create this eye-opening infographic.
This can be your next step to grow your business or take it in a new direction. As you can see this is one part we all need to learn more about and find the best way to get this information for our business.
We can learn to market more with phone, laptops etc as compared to television
We can learn what our customers would like to see from us – such as new products, improvement of products
We can learn how often to send newsletters or other material.
There is a host of material that can be learned and used to better our business and finding new customers and keep our current customers happy. Now you can see why Data-Driven Marketing is so important.