The Four Characteristics Of Data-Driven Marketers

The Four Characteristics Of Data-Driven Marketers

In theory, marketers should depend on data. But the reality is that, for many, the challenges of the last year have thrown a wrench into their ability to pursue success as a data-driven function.

So, as we head into 2022, it’s time for a pulse-check:  just how ‘data driven’ are marketers today? And what practices and habits separate the strongest of the pack from the weakest?

That’s what our latest industry research sought to find out: read on to discover the four characteristics of data-driven marketers, based on our findings.

The state of play: challenges in data discipline.

The excitement of a few years ago around the ‘big data’ opportunity in marketing has largely faded away, and it’s left a suspicion that marketing is far short of being the data-driven discipline that it could be.  In fact, Capgemini’s recent CMO report indicated that only 11% of marketers could call themselves ‘data-driven’; so if this is true, what’s been stopping us?

Part of the explanation sits with COVID-19. While it impacted marketing efforts across the board, advances in data discipline were among the hardest hit: from budget cuts, a shift from data-driven strategies to mass-marketing tactics, and disruption to working patterns and team culture.

On top of that, regulations such as GDPR, ePrivacy and CCPA are being introduced almost daily, and marketers around the world are feeling the pressure and oftentimes slowing their progress towards becoming a data-driven function.

Amid all of this, some marketers have held their nerve and continued to pursue data-driven practices: confident that, despite the changes around them, that strategies grounded in data would see them through.

And the funny thing is, they were right – and these practices are what ultimately separate  the top 1% of performers from the rest of the crowd.

Zeotap’s recent industry research report, The Data Secrets of Successful Marketers, aims to show how different data practices correlate with overall marketing success –  based on a survey of 500 senior marketers in the UK. Respondents were initially asked how far above (or below) they achieved on their 2021 targets as a measure of their success. According to their attainment, they were then sorted into five distinct success archetypes:

  • The Top 1%, who achieved between 70-100% above target
  • The Overachievers, who achieved between 30-60% above target
  • The Moderate Marketers, who achieved target or exceeded it by 20%
  • The Struggling Marketers, who achieved between 10-50% below their target
  • The Bottom Tier Marketers, who achieved between 60-100% below their target or lower.

The respondents were then asked questions designed to analyse the degrees in which they leverage customer data, and these responses were indexed against their success.

As for the top 1% of marketers, here are the four data-driven characteristics we uncovered:

One: The top marketers already have a single view of the customer.

Data-driven marketing is only possible when the data itself is under control and can be used to create  models and activate campaigns. The most common way of achieving this is to create a ‘single customer view’ – unifying data into a single, consistently updated asset that serves as the ‘golden record’.

But achieving this golden record requires painstaking unification of dozens (perhaps hundreds) of data sources in order to achieve it, which is an organisation-wide challenge.

For the top 1% of marketers, research showed that this challenge is already behind them. And overall, the more successful the marketer, the more likely they are to have a single view of the customer.

But while the  top 1% marketers are ahead of the pack for now, others are rapidly closing the gap: of those marketers who’ve yet to achieve a single customer view, 99% of them reported that they plan to achieve it by the end of 2022: 

Two: The top marketers lean on CDPs for data collection and  management:When it comes to finding the right stack to leverage data, marketers have complex hurdles to jump –  from legacy tools often held in different teams  to lengthy integration processes.

When we look at how the top 1% of marketers manage their data, Customer Data Platforms (CDPs) take centre stage, and it’s with good reason: in 2021 alone, the CDP industry reached an estimated $1.6 billion in revenue.

In fact, CDPs are particularly popular amongst the more successful marketers in general; research showed a 39% percentage point increase in CDP adoption from the least to most successful marketers.

One detail to note: while the most successful marketers transition to CDPs, the less successful marketers continue to cling to platforms like DMPs.

When comparing a CDP vs a DMP, the latter primarily falls short as it relies on third-party data, retains data for shorter periods of time, and is unable to identify users to create the most accurate audiences possible the way a CDP can.

Three: The top marketers have comprehensive data privacy compliance practices in place:Every marketer wants more customer data – but ever since the introduction of new data privacy and security regulations like GDPR and CCPA, marketers have faced a huge challenge in how to capture, store and use customer data in a way that doesn’t fall foul of the law.

The good news is that nearly 100% of the top 1% of marketers feel highly confident about their data privacy practices:

Meanwhile, their less successful counterparts also remain highly confident, but still lack the practices that ensure complete compliance, such as a single customer view.

The issue behind this misplaced confidence goes back to the challenge of capturing user consent in today’s multi-touch, multi-channel journeys.It’s highly likely that consent is captured across multiple tools (for example a consent management platform, a loyalty programme and email marketing), which means an individual can express (and withdraw) consent in many different places. Unless those choices are resolved, it’s likely that activating that data can fall foul of regulations.

This is what makes a single customer view a necessity for marketers – it’s not just about prioritising the customer journey, but the consent journey as well. Marketers need a comprehensive view of a customer’s consent preferences across those multiple touch-points and channels. Without a ‘golden record’, compliance isn’t completely ensured.

Four: The top marketers turn raw data into actionable insights:

Marketers might have the largest, cleanest, most compliant data set possible – but it won’t help them unless they have a way of transforming that mass of information into insights they can use. This is what enables organisations to be truly data-driven.

One way that the top 1% marketers are able to fully leverage their data is by using machine learning. Similar to the correlation between successful marketers and achieving a single customer view,  machine learning adoption correlates strongly with success.

Unlock more data-driven marketing secrets.

All in all, the marketers who’ve continued to pursue data-driven practices despite the many twists and turns of the last year are now better equipped to face (and overcome) the marketing challenges of tomorrow.

In the meantime, other marketers are in the starting phase of creating the usable dataset—the proverbial ‘golden record’ of a single customer view—but this is simply the beginning of being a truly data-driven function.

Want to unlock more trends adopted by today’s top 1% marketers? Download The Data Secrets of Successful Marketers for a comprehensive analysis of this year’s top marketing performers – and what less successful marketers need to do in the next year to catch up.

About Zeotap

Zeotap is the next-generation Customer Data Platform. It empowers brands to unify, enhance and activate customer data in a cookieless future, all while putting consumer privacy and compliance front-and-centre. Recognized by Gartner as a “Cool Vendor”, Zeotap works with over 80 of the world’s top 100 brands, including P&G, Nestlé and Virgin Media. It is also the founding member of ID+, a universal marketing ID initiative. For more information visit www.zeotap.com.


When Outcomes Drive Campaigns: Using Contextual Targeting To Gain Immediately Actionable Insights

One of the things that the current focus on the imminent death of third-party cookies has brought to life is the set of misperceptions upon which the reliance on third-party cookies was formed. The data, while easy to come by and filled with intriguing assumptions, was often not what it seemed. In this edition, Marco Godina, SVP of Product at 4D discusses how unlocking the power of contextual targeting can deliver immediate results.

 


The Outcomes Disconnect

Defining the perfect Outcome: Do they exist? Or should we just accept that outcomes come in all shapes and sizes.

The complexity.In the ad tech industry, brands’ success metrics come in many different shapes and sizes. These metrics vary based on the brand needs and where they are defined based on their timeline in a campaign life cycle. For simplicity sake, let’s look at the two types of success metrics, starting with the most granular and tangible metrics and then shift gears to review what general marketing metrics brands strive for. As we do that it is important to distinguish that different teams that work across campaign life cycles from start to finish, oftentimes define success metrics independently.

Let’s look at programmatic trading teams that handle campaign activation in Demand Side Platforms (DSPs). Programmatic traders work with brands to define success metrics that tend to   analyse clicks, views, time on page – tangible metrics that they can optimize on. These standard metrics have been embedded into the adtech infrastructure and have been backed by billions of dollars.

On the flip side, brands and marketers define success a little differently and in certain instances refer to them as Key Performance Indicators (KPIs). These metrics include, driving brand awareness, increasing conversions and boosting visibility across new product lines.

While both sets of teams have a unified goal to drive success and outcomes for a campaign, the challenge lies in the fact that programmatic traders and brands define these outcomes differently. As such, there is a large disconnect and a lack of understanding between how performance metrics such as clicks or views, correlate to larger KPIs that brands are striving to achieve. The easiest example to consider is, the idea that there is no advocate that a certain amount of clicks on a specific brand page will lead to a certain number of downloads. The dilemma of disconnect has persisted in the industry for years, and continues to be a massive source of pain for brands across the globe.

The hope.

As the industry evolves and new technology emerges as a result of third party cookies being deprecated, brands will need to consider solutions that will marry the disconnect between outcomes and KPIs, identify the correlation between activities, and offer strategies that rely on contextual as the new starting point.

The truth.

In truth all outcomes matter. There isn’t a set of outcomes that brands have to focus on; they are unique based on brand goals and verticals. By tapping into technology that connects outcomes to KPIs to performance goals, brands will see success in their campaigns.

The future.

4D Context Outcomes Engine solves for the disconnect that brand marketers and programmatic trading teams often face trying to define how metrics like Click-through Rate (CTR) are able to increase brand recognition and so forth. 4D Outcomes bridges the gap between programmatic targeting and analytics, to derive specific performance drivers that result in powerful marketing outcomes.

With 4D, brands are able to identify correlation between metrics such as indexing and the impact certain tangible keywords can have that drive a higher CTR, and insights into specific contexts that can improve their outcomes. Moreover, with 4D Outcomes activation teams are able to have full transparency into how they can improve their campaign. This is possible because 4D Outcomes was designed for brands to have learnings and actionable insights at their fingertips.


Democratising Data And Breaking Down Silos

Democratising Data And Breaking Down Silos

It’s long been recited among industry veterans, marketers and the wider trade press; data is the holy grail of digital marketing. And for good reason. Gaining access to, and activating on, rich customer data, is key in enabling you to reach your audiences in the right place and time. Yet many businesses are plagued with data fragmentation, and what once was a challenge a decade ago, still remains one of the biggest concerns faced by businesses today.

The rise of digital has only generated more and more data, arming businesses with the insights they need in order to deliver a strong digital marketing strategy. But the vast majority of businesses have data sitting in various places throughout their organisation creating data silos. What’s more, many businesses have numerous teams each wanting to gain access to different dimensions of data for their own remits, making it somewhat tricky business. This fragmentation not only causes internal tensions and disparate ways of working, but severely hinders the inner workings of a well-oiled data-driven marketing machine.

And to add salt to the wound, these businesses have tried everything in their power to streamline their internal workings. Huge investments have been made into their tech stacks, with the promise of their data being managed in one central location to drive revenue, but the reality is starkly different. In fact, in a survey we ran a few years back, almost half of UK CMOs (45%) estimate poor data handling risks costing their business between £250,000 and £5m every year.

Why does data fragmentation have such a big impact?

When we think of data, it’s often an easy analogy to think of it as the fuel that fires any good digital marketing strategy. And so when we think of the tech stack, specifically the required technology to manage this data, I sometimes think of it as the plumbing for any given business. In order for the data to flow seamlessly throughout a business, and support the various business functions as it should, it needs to flow through a well orchestrated pipe-system in order for it to truly be utilised.

The challenges we find so often with our clients is that the data is not always accessible to the teams that need it. These teams require this rich fuel in order for them to build and activate audiences on a daily basis. In turn, the insights derived from this data are often not available in a format that can inform a targeting strategy to bring the data to life. This disjointed flow and limited access to insight not only creates more time wasted by teams trying to grapple with the silos, but eats into the investments made into the tech stack – the stack that promised so much, yet seems to deliver nothing.

Why is the technology not working?

It is. The issue is, it needs a driver to run it. No technology, AI or machine learning is useful without the human touch. Technology platforms designed to manage data are incredibly sophisticated bits of tech, but they need expertise in order to truly deliver results.

As part of any effective data strategy, it is just as important to focus on ‘people and process’ along with building an effective technical infrastructure for the business. And this is how we approach every single client here at Silverbullet; the perfect blend of mind and machine to ensure the full potential of data is unlocked to drive powerful business outcomes.

To aid the coming together of skills and processes, businesses need to consider new ways of working to enable:

  • More teams to have access to data to inform targeting, and deliver marketing;
  • More teams to be empowered and collaborate with each other rather than working in silos;
  • Expert partners to design and build the perfect infrastructure for any given business.

Your Centre of Excellence.

A centre of excellence is a team – a shared facility or an entity – that provides leadership, best practices, insights, support and/or training for a focus area. Designing a bespoke centre of excellence for your business will help streamline processes, remove time wastage and enable teams to work closer together for the holistic business goal: reaching the right consumer in the right moment and time, to drive business ROI.

Building your very own centre of excellence will enable clear ownership and governance of the Marketing Technologies and wider tech stack, empowering day-to-day management along with encouraging contributions and collaboration across multiple teams to feed into the capability roadmap.

A Centre of Excellence will :

  • Encourage a culture of sharing socialising insights
  • Up-skill teams and knowledge sharing
  • Support the driving best practices and expertise
  • Enable Governance and Auditing of data assets, data use and management of the platforms

A frictionless future, powered by data, delivered by expertise.

Data is the holy grail of your digital marketing strategy. In a world where the third-party cookie is on its way out, first-party data once again takes the crown. Whilst the industry finds new ways to fill the scale gap left in the cookie wake, what is non-negotiable for businesses wanting to thrive in the new marketing age, is the design, deployment and activation of a well-oiled first-party data led strategy.

If you want to find out more about how Silverbullet can help, please do get in touch with me.


Context, Consolidation, And Collaboration: A Recipe For Success In The Post-Cookie World

Despite the focus the industry has placed on the end of third-party cookies since Google’s fateful announcement in 2020, the move to first-party data is not as seamless as might be expected. And that may be one reason why some companies have responded to Google’s delay in implementing its post-cookie policy by proceeding as if nothing will change. In this edition, Norman Au, vice president of Partner Solutions at 4D discusses a recipe for success for the post-cookie world.

 


4Silverbullet Unveils 4D Outcomes

Connecting Context And Analytics To Drive Outcomes

4D Outcomes combines targeting and the optimization engine to surface real time insights and recommendations.
4D, a division of Silverbullet, today introduced 4D Outcomes, the first contextual solution that surfaces insights and recommendations through real-time data.  By using the most advanced data science algorithms and machine learning, marketers are able to identify and target the right audience at the optimal time; all in a privacy-first, post-cookie era.The 4D Context Outcomes Engine is built for the modern marketing paradigm and leverages the plethora of privacy-friendly, real-time data dimensions available the instant a decision is made, to programmatically bid on an advertisement to identify the right moment when a person is receptive to a marketing message. 4D Outcomes bridges the gap between programmatic targeting and analytics, to derive specific performance drivers that result in powerful marketing outcomes.“As we enter the next era of digital marketing the first thing the industry must accept is that the cookie can no longer be the primary data point for targeting strategies or optimizing media. Now is the time for marketers to take a deeper dive into the contextual landscape as they ready themselves for the inevitable identity shift to fall into place.” said 4D CRO, Mark Pearlstein. “We need a strong identifier that can respect privacy regulations while still allowing businesses to get the highest return on their marketing investments. Advanced contextual solutions today stand as a strong solution for these needs, offering marketers more confidence that their ads are relevant, safe and suitable.”4D Outcomes puts a new take on the traditional limited approach to blocking pages that are not deemed relevant by the targeted user, which in turn eliminates overly broad outreach sectors.  These legacy contextual solutions focused on the semantic analysis of the page or video, whereas modern-day innovations surrounding context include a multitude of signals, from the emotion and sentiment of the content on a web page, to the quality of the website including items such as pop-up free environments, clean and uncluttered pages, to the brand suitability of the pages. The 4D Outcomes Engine is going beyond the legacy contextual scope, helping marketers to navigate a cookieless future and drive true business outcomes. 4D Context Outcomes Engine is available globally.

Read the full press release on ExchangeWire.


The Bullet Podcast, Episode Seven – Kathleen Saxton

In Episode seven of The Bullet, we welcome Kathleen Saxton, an experienced leader within the media landscape. Her impressive CV includes board membership for various companies such as Saatchi Advertising and PHD UK. Kathleen founded her own business, The Lighthouse Company, a bespoke headhunting firm focused on board level and executive leadership roles across the globe, and co-founded Psyched, a business aimed to offer individuals Executive Development programmes. Kathleen’s recent role sees her as Executive Vice President & Managing Director EMEA at MediaLink.

Today, Kathleen discusses a whole host of topics from the importance of business collaboration and driving a collective voice to make an impact on the work-life balance as we slowly step out of lockdown and find our new feet in the now.

Q: For many years, the wonderful world of martech could have been accused of an individualistic approach to business, but there seems to have been a huge shift in recent years showing just how powerful collaboration can be. Social and industry factors have created seismic change over the past 12 months. Do you believe we should be channeling more collaborations as we step into these somewhat new waters?

A: I think the answer to that is an absolute yes. The connective tissue between both human beings and technology work together to solve the challenges that we face every single day in business, whether it’s building a strategy, considering what our tech stack needs to look like or whether it’s how we tackle the incredible growth of eCommerce. We’ve come from a very competitive world and although I’m not lacking in competitiveness myself, I think what we’re finding out is we are a bit like a jigsaw puzzle – we need to fit together to make sense of everything. And, we are slowly realising that we are part of a much bigger ecosystem, both in business, and psychologically.

I do truly believe collaboration is everything, we just need to lower our egos enough to allow for collaboration and to believe that there are others that have experiences and input outside of our own arenas who can only enhance what we live and breathe each day. If we partner together, we will create a much greater and faster exploration into the future.

Q: We all witnessed the incredible and somewhat overdue Black Lives Matter movement last May, which swept across the globe. There’s got to be a lesson learned here about the power of collective thinking and a collective voice. What lessons do you think we as an industry can take from these movements, especially when it comes to making change?

A: There was an avalanche of change needed around these various movements; Black Lives Matter, Me Too, and others that many of us will be familiar with, have all impacted us over recent years. In fact, here at MediaLink, we have just undertaken a piece of research called The Revelation Report. What we saw from our results was a rise in unofficial unionisation, if you like – the collective voice saying, “actually something has to change and it’s coming from the grassroots up.”

It is imperative to have leaders who are willing to stand behind something and ensure that everybody is on board, aware, and conscious. Businesses need to lean into even the smallest voices, who in the olden days would have been regarded as un-valuable, if I dare say that out loud.  And I think all of us are having to come to terms with how we work through that, around that, and with that.

If I’m being really bold, I think there is a little bit of fatigue around businesses who have the pressure on to announce, release and discuss external initiatives that support diversity, equality and inclusion. The trouble is, after initial announcement, in three months’ time the news is forgotten about. This is where you really start to see the cracks, and those who use it as a tick-box exercise versus those who are actually prepared to put a point of margin behind funding, will start to crumble. And from my very lucky vantage point at MediaLink, where I have a bird’s eye view of the data technology and marketing and media spaces, I can see those businesses that are really serious about it and those that are not.

But I think also, as the individual, no matter what market we work in, we have a duty of care to each other. So we have to decide for ourselves, where do I stand in this? What impact can I make? What change is required of me? We know human beings find change scary at the time; changing habits or changing beliefs is actually very, very difficult. So we have to accept that it takes time. We need to be able to ask open questions, to educate ourselves, to really be able to make a meaningful change, rather than just stating initiatives, just to quieten the crowd. I’m not a fan of that. And I think we have to be braver and being honest about what we are prepared to do.

Q: Interesting you say, businesses have created this fanfare and noise about making these changes, but I think a lot of people see through that and see a tick-box exercise of jumping on the “Me Too” movement or “Black Lives Matter” because it’s good for the brand.

A: Absolutely. I have an example for you. I was hiring a CEO for a business a few months ago, and within the job description they’d dutifully written a whole paragraph about diversity and the importance of that in every measure. But when you dig deeper, and when we explored the outer layer of where that CEO had come from, it became evident that the rest of the board had virtually no diversity in it at all. Now, I know we have to start somewhere, but it’s a bit hard to swallow when we read about policies and initiatives surrounding D&I, and your entire board does not reflect that. Now is a time to call out those who need to put action against these words.

And the change needs to happen across a huge variety of factors; whether it’s sustainability, mental health, faith and our native colour, or where we have come from in the world. I come from a very poor part of England that has some socioeconomic badging, and I remember very early on in my career feeling too ashamed to even admit where I came from. It comes in all sorts of different shapes and sizes, and it is time we really understood how it feels to feel excluded. And equally the wonder of feeling included and being an inclusive society. We are getting there more so than I’ve ever felt in my lifetime and I’m nearly 50, but we have a lot of work to do. This goes back to the collaboration piece: we need to do this together.

Q: On the subject of collective voices for change, we are starting to see this topic crop up at many events, which is fantastic to see, but we have a long way to go. As a leader, how do you think your voice can help make a change here? And what advice would you give to other leaders?

A: This is all about honesty as much as humility. Just because we are leaders, doesn’t mean we don’t have emotion, experiences, stories. We’ve seen certain leaders, a really good example would be someone like Josh Krichefski at MediaCom, who speaks very honestly about his own mental health, his own challenges with health in general and his family. When I see individuals that are willing to just give you a little bit of an insight into reality it makes such a powerful difference.

A piece of research we conducted many years ago around mental health, explored this further. When we extracted the data and insights from the leaders who partook in the research, we discovered a common theme: “I am absolutely fine, but I know that the worker bees all need some help and support.” But, that wasn’t true. Everybody – leaders included – at some point had some level of challenge and difficulty. But we’re so used to living in this archaic world where the higher up we are within an organisation, the more robotic we become. I guarantee that when an individual says “I too have struggled”, others will follow and not feel so alone.

My view is that in leadership, alongside your company-wide policies and culture, need to be willing to bring your own personal experiences to the table, which might help people understand that it’s okay for to not be ok at times. Especially now, after nearly two-years of restrictions, loneliness and being apart from each other for so long, it’s more important than ever that we connect to each other on a much deeper level. I don’t think I have spoken to anyone lately who isn’t fatigued. And that is not a good state to be in.

Q: Having leaders who are vulnerable, it makes them better leaders as you just relate to them more and it creates this respect. I really appreciate seeing people who are like that.

A: I agree. I think it’s respect, but also trust. I think you really trust someone who is willing to show themselves. Over the last decade, everybody’s talked about authentic leadership, and yes that all sounded fabulous, but there’s a real sense of “how authentic are you really being”? We are far wiser as a society now and we have great instinct and great intuition around people, and we need to utilize that.

Q: On this very subject, remote working and the now normal daily Zooms have made it effortlessly easy to connect with our colleagues and peers. While we’ve never been more connected than ever, we’re arguably less connected on a human level. As an executive leader, what would your advice be to others when it comes to the duty of care to your teams and members of staff?

A: I have a very strong opinion on this. I don’t think we’re ever going to go back to the way it was before, and neither should we. However, I also think there are some things that have happened that have been very challenging for us as individuals.

In the past I worked with a wonderful guy, who’s Head of Neurology at Imperial, and he said to me, as a brain surgeon, no matter what you might do surgically for the brain, there is nothing as healing as the human touch. And the fact that we haven’t been able to touch nor be connected in a physical sense for so long now, has been a real detriment to us as a society. There is a general melancholy at the moment with the individuals that I’m working with, and so it’s time to make changes where we can.

The remote working aspect has certainly had a real mix of pros and cons. One of the studies that’s been done on the brain around Zoom and working in this remote world, is directly correlated with why we feel so tired at the end of the day. Think about it for a second, when you see someone’s face close up on your computer screen, it’s quite intense. If you’re in a meeting room, there’s probably a bit more distance, and there may be other people in the room who you can interact with while you’re speaking. But on Zoom, we’re very much fixated on the face that we are looking at.

And for the brain, it translates this closeness to being very intense. And if you extrapolate that further, it thinks one of two things in the reptilian brain; first it believes we are about to have conflict, or we are about to have a relationship in some form. So therefore, that’s quite an intense situation for the brain to think it’s in, on a daily basis. You can imagine the physical, hormonal and chemical energy that’s taken up in our bodies when our brain is firing and triggering in that way.

So, despite the great flexibility remote working has offered to many of us, we have exhausted ourselves, both mentally and physically. I’ve also noticed when businesses share calendars so everyone can see availability etc., it can have a negative impact whereby team members feel guilty if they had an hour free at any given point. That is a ridiculous place to be because where do we have time to think? Where do we have time to strategise and be creative? And where do we have time to do the work, we were talking about in the meeting we just had? It’s about finding a new balance in the future – one that likely combines remote flexibility but encourages people back into the workplace.

Q: In your experience having sat on many boards and co-founding Psyched, have you seen a change in behaviour over the past few years regarding more of an acceptance when it comes to self-care, not just personally, but in a professional capacity?

A: I absolutely have, and it comes in different dimensions. As we’ve discussed, seeing each other at home, has allowed us to understand there’s a whole human being behind our colleagues, helping us to have some level of empathy. And I think we need a lot of empathy right now to understand what’s going on for others around us. We see a very high-performing individual in front of us and often we don’t think about what happens when the Zoom gets switched off.

However, we now need to channel that empathy into support and how we protect each other in this next phase of the “new normal”. What I mean by that is, thinking about circumstances with open minds and with an equal level of care.

For example, if somebody breaks a leg, we have a basic level of understanding why that person would need time off to recover, and the level of empathy is quite limited in the long term. Yet, if someone’s had a bereavement or a mental health challenge, a new type of sympathy is displayed, that perhaps lingers on a little longer. It’s a little bit hierarchical in the way it’s delivered, and often non-intentional, but this traditional approach could be damaging in the new future.

What we are living through now is unique because nobody has been untouched by what’s happened. As teams and individuals, we are able to realize that we have good days and bad days, but ultimately, we all recover. But in our own time. I am hopeful that this whole joint experience will bring us together a little more in that sense, and will enable us to have more patience for each other in times of difficulty.

Q: On this subject, businesses are flooding back to the offices, and it raises the question on how we perfect that work-life balance. Do you think we’ll ever go back to the Monday to Friday nine-to-five rules or do you see a future of flexible working?

A: So, my absolute answer on that is no. I cannot imagine that we’ll ever go back to nine-to-five working and neither do I think that is what we should do. If the pandemic has taught us anything, it is that we all work in different ways and thrive at different times of the day depending on our roles. In essence, we can do the work whenever we need to, so long as the work gets done.

I have noticed some very interesting behavioural and conversational patterns coming through however – and a lot of this will be detailed out in our latest research.

Those of you who have studied any level of psychology will know one of the very obvious methods used, called Transactional Analysis. Transaction Analysis, is all about the personas around adults, parents, children, and how we each pertain a different ego at every stage. It happens every single day without many of us knowing. We will oscillate between these ego states across 24 hours, depending on what kind of scenarios we’re put in. Let’s look at an example, if somebody pushes in front of us in the sandwich shop, suddenly we go into parental state of “how dare you”. Whereas if somebody dismisses our feelings about a project we’re working on, we might go into child mode.

What I’ve seen surrounding this notion of heading back into the office is how we’re all oscillating. I won’t give too much of the game away – hint, read our research!! But you’ll notice that the Google employees, Amazon employees, etc., have all written letters to the bosses to say, “you can’t make us come back in the way it was before”.

We are seeing some breakdown behaviours going on right now in how we’re going to communicate coming back to the office. Lots of organisations are very nervous about putting their policy out to individuals, and a lot of individuals are taking a very strong stance about how they feel about it. The answer of course, is channel your adult mode. Let’s talk about what you need, what we need to do, but also understand we are running a business and we can’t lose sight of that either. We need to step into our old roles again, but with a fresh way of thinking; leaders have to be comfortable at some level about being able to lead again and direct their global teams back to some kind of structure. But there’s a huge amount of nervousness taking place right now.

Q: In a similar vein is virtual events. It’s been incredible to see how quickly we, as an industry have adapted to lockdown. And virtual events were implemented at the speed of light and the rise of webinars placed events into our own living rooms. But as we’ve said before, there is a Zoom fatigue taking place right now. And the yearning to head back to a physical world is evident. Over the next 12 to 24 months, do you think we will revert back to our old ways? So do you think the virtual event will still hold value in certain cases?

A: It’s a great question and one we get asked a lot. My business owns Cannes Lions, and we’re heavily involved in CES, whilst running own big events at MediaLink. People want to feel the audience. They want to network. They want to be with people. But, they also want the choice.

That said, many don’t necessarily want to give up two-four days of their working week. They might want to go to some sessions in person and then maybe others online. So, the hybrid model will work wonders. We recently ran an event on the 9th of September, and we had circa 350 people in attendance. When the invite went out, I’ve never seen a take-up so fast in my life. And it paid off! It was so wonderful to be back together again, and that’s what this industry is all about – networking, learning from each other, inspiring each other. But, the ease of some events being hybrid, will open so much global scale that perhaps was missing before.

Q:  You have such an impressive CV and you seem to be wearing many hats. What do you think is key for success in your role?

A: I love what I do and I do what I love. And that’s important. I’ve always been my own person. I’ve never dressed fashionably. I’ve never followed the crowd. I’ve never done the popular thing. I’ve done what I thought was the right thing for me.

My father who passed during COVID had a wonderful saying “Don’t be a Coca-Cola bottle.” And for the record, I love Coca-Cola (full-fat, of course). But he used to say “There are millions of billions of Coca-Cola bottles in the world and they all look the same. Don’t be tempted to be that. Be your own flavour.”

Whether it was not going to university and getting a job instead, or breaking away and setting up my own firm at the beginning of the last recession in 2009. I have absolutely loved every single journey. I studied to be a psychotherapist when I was 35 years old, and although it felt so late in life to study again, I followed what I really wanted to do. And I think when you do what you love, it doesn’t feel like work.

But stepping outside of personal achievements, one key piece of advice I would give to anyone is ‘time management’. My diary, like many, is often wall-to-wall and can be a logistical nightmare sometimes to take a break, as we stated earlier, to digest from one meeting to the next. I rely on my incredible supporting staff, who manage me and make sure I’m in the right rooms at the right time, in the right places with the right papers. And I really couldn’t do it without them. It’s the people that support you and cheerlead you alongside solid time management that is the key. If you really want to get something done, you will find the time and the means to do it. Just follow your heart.


Not Ready For Prime Time: Google’s Third-Party Cookie Delay Shouldn’t Alter Your Plans

After Google announced, in January 2020, that it would stop supporting third-party cookies in 2022, the industry reacted quickly, trying to figure out how it would compensate for this loss. Task forces were formed, new instruments were developed, many hands were wrung. In this edition, Umberto Torrielli CSO and Co-Founder of 4D discusses why marketers shouldn’t be looking to Google as the end all be all and why hitting the pause button isn’t an option. 


The Future Of Data Marketplaces

With third-party cookies going away the advertising tech industry is losing a foundational block and data layer that media strategies, technology vendors and marketers have relied on for years. This inevitable demise will have an impact on data marketplaces that exist to drive scale and reach for advertisers. And this is creating real challenges for marketers today.

For many brands, first-party data marketplaces have always been extremely valuable due to the nature of the rich data sets derived directly from the consumer base. However, first-party data has long been known for being restrictive in both scale and breadth. Third-party data marketplaces solve these scale challenges, as their role is to aggregate data from numerous sources – such as rich behavioral data – to provide a marketer with increased reach and the ability to acquire new customers. But oftentimes these data sets are not derived from reliable sources and come with a plethora of issues from quality and accuracy, alongside being sold to numerous parties including potential competitors.

Up until today, most marketers have relied upon a combined approach tapping into both first-and-third-party data marketplaces to inform their targeting strategies, but with the humble cookie ceasing to exist, it begs the question: what is the new building block for campaign strategies?And this is where context comes in. Context now becomes the starting point – the building block and foundation layer – to provide marketers with tremendous opportunities to draw on additional insights. As stated by our Co-founder and CSO, Umberto Torrielli “ The foundation of contextual is effectively real-time deterministic data that has no latency period. It allows for advertisers to feel confident in their targeting strategies and relies on tangible data.”So, what does the ideal marketplace look like ?Simply put, the next generation of marketplaces, specifically contextual marketplaces, will need to offer a variety of data partners who can help provide scale and insights for marketers. By using contextual data as the base, marketers will discover that they are able to attain better targeting layers than they once accessed with third-party players for targeting strategies.And, that is why we here at 4D have created the 4D Dimensions Marketplace. A marketplace that focuses on in-the-moment marketing, offering advertisers with an incredible array of data signals such as weather, domain quality and even piracy control to strengthen their contextual strategies. And with context as its nature, the marketplace offers a 100% compliant, privacy-first foundation for marketers to then overlay their first-party data to create a much richer, more powerful future.

This is why the 4D Dimensions Marketplace really excites me. We are not recreating a traditional marketplace; we are providing marketers with better options, smarter intelligence, and greater collaboration as we step into the post-cookie era.

Our aim is to help marketers to feel at ease knowing that there are solutions that will withstand and comply with the industry as it goes through radical changes. And it’s time to act and adapt to these changes now. So, what are you waiting for?


Guest Blog With Mediarithmics

How Covid Has Accelerated Economic Growth (And How Retailers Can Seize The Opportunity)

Over the last 10 years, the way we consume has changed considerably.

We buy more: total household consumption in the UK has increased by more than 25% since 2011, according to StatistaWe buy much more online: E-commerce spend has increased by more than +300% over the past 10 years. The Covid crisis has furthered this growth: e-commerce spend increased by over 30%, shifting online retail into a larger share of overall sales for retailers.

For many brands, this acceleration has meant dealing with more digital touch-points, including consumers interacting with a brands online campaigns, digital storefronts and post purchase communications, just to name a few.

Few retailers have been able to adapt to this new trend, however many have faced a new challenge in being able to make sense of this increased digital interaction  and the associated data which is therefore created.

And there is one core challenge that plagued brands and retailers — delivering personalised communications across the entire marketing funnel.

And why is personalisation important? Well, a recent study showed that over 75% of consumers would prefer to buy from a brand who personalised the experience versus ones which did not. It’s that simple.

The message is clear, retailers need to find  a solution to help them overcome this challenge, and they need to act soon to keep ahead of the digital transformation which is fast becoming the driving force of the E-commerce landscape.

How Can Retailers Tackle This Challenge?

One of the main issues retailers face in reaching their target customers across varying touch-points, is where the data of each consumer interaction is actually stored. Typically, this is often in silos.

Many retailers and brands have invested in many different types of technology, including Data lakes, Data warehouses, CRMs and many others, leading to customer data becoming disparate and less actionable for the stakeholders who want to leverage it to communicate across multiple marketing channels.

Thus, retailers need to find the right technology platform which can help them store all of their data in one, centralised location. By bringing your available data together, will essentially help them move towards what is called a ‘Single Customer View’, which enables stakeholders to overcome the barrier of siloed data sources and interactions, and move towards a new era of personalisation.

The Customer Data Platform

Retailers have now realised that their data assets pertain a huge level of value, by helping them increase the Customer Lifetime Value of their existing base, as well as leveraging this to drive and acquire new customers.

Over the past 10 years, the volume of data created has been multiplied by 40x. This sheer volume of data has accelerated the need for businesses to identify scalable and stable technology solutions, in order to make sense of it all.

With this in mind, Customer Data Platforms (CDP) have proved to be very effective solutions which help brands to manage and collate all the disparate data sets, but also future-proof their businesses in light of the recent evolutions.

CDP, by its definition, is a software platform which provides high flexibility, including the ability to onboard data from any online and offline data source, providing a single customer view, and enables real-time marketing communications across multiple online channels and captures real-time reporting. These technology platforms have created huge changes to the way brands have approached communication with their new and existing customers.

As A Retailer, How Can I Identify The Right Solution For Me?

For retailers looking to identify a CDP, my main advice would be to first, understand your strategic business requirements. For example, where do you want to get to? What is important to you, and what is the goal?

Once this has been defined, specific use cases should be developed in-line with the required technology, alongside your internal teams who will use the platform. such as marketing, sales, data science etc. These use cases are aimed to help you achieve your broader business goals, and of course, should be measurable so you can track ROI.

As a retailer you may wish to carry out this process on your own, or leverage specialist companies like Silverbullet, who have the expertise in helping you codify your business goals and use cases. With their ear being closer to the ground than most, these types of businesses can ultimately help you identify the best platform for your business, as well as assist with implementation and platform adoption to ensure maximum value is received.

In Conclusion

Whatever direction you select as a retailer, it is imperative you do not ignore the obvious challenges outlined in this blog, which could be further exacerbated if you are an international business or looking to launch internationally in the future.

By identifying and selecting the right technology for your business you will truly begin to understand your customers and enable you to communicate to them on a one-to-one basis. This of course will place you on the path to ensure you deliver your goals, whether they be purely revenue related, or secondary metrics such as brand strength and equity.

The opportunity is clear.