The CMO Club and Selligent Marketing Cloud Release New Study Highlighting CMO Focus on Relationship Marketing and Challenges in Unifying Martech
CMOs from Sixty-Nine Leading Brands Discuss Data and Martech Integration, Key Strategies to Improve Customer Experience and Brand Value
NEW YORK and REDWOOD CITY, Calif., Nov. 14, 2018 (GLOBE NEWSWIRE) -- The CMO Club, the world’s largest and most engaged community of Senior Marketing Executives, and B2C marketing automation platform Selligent Marketing Cloud, today released the findings of a survey and in depth discussion of CMOs of leading brands, including BBVA Compass, F’real Foods, Fidelity Life, Office Depot, Rollins and Tacori, on their use of technology and customer data to increase brand value. The survey of 69 CMOs highlighted the ongoing challenges facing senior marketers and the role technology plays in improving customer relationships.
“ The CMO Solution Guide: Consumer-First Martech -- Using Consumer Insights To Unify Marketing Technology Decisions,” jointly issued by The CMO Club and Selligent Marketing Cloud, found that CMOs have a laser focus on improving relationship marketing but that doesn’t come without its challenges.
-- 62 percent of marketers report that relationship marketing is the most important or one of the most important functions of their team this year -- Two-thirds of marketers say that their top marketing automation goal for 2018 is to speak to their customers in a more relevant way, ahead of driving more sales for the company
Unsurprisingly, the CMO study mirrored recent findings about rising frustrations and expectations for the consumer -- both sides of the brand-consumer relationship are frustrated.
“As a CMO, the frustrations brands experience is clear. Technology providers need to remain focused on personalization tools that help marketers close the gap between what customers expect and what experiences they want to deliver,” said Nick Worth, CMO at Selligent Marketing Cloud. “By centering our platform development on enabling stronger brand-to-consumer relationships, we’re able to help define success and market differentiation for our clients.”
Other researching findings reveal:
-- 42 percent of the CMOs cite customer data management as being the most difficult element -- Of those using the ‘big five’ cloud vendors, 47 percent of users had issues with data compared to 25 percent of marketers using other vendors o 57 percent of marketers rated their ‘big five’ marketing vendors below average at custom integrations; 54 percent of marketers rated their ‘big five’ marketing vendors below average at custom feature development
“The last few years have been about building marketing stacks and now we’ve come to understand that it comes with challenges of both having too much data and using tech platforms that don’t integrate seamlessly,” said Pete Krainik, CEO and Founder of The CMO Club. “That doesn’t diminish Martech’s potential or the commitment CMOs have to finding better ways to leverage technology to formulate clearer data and digital strategies.”
This CMO Club Solution Guide identifies and answers these challenges and provides shared insights from leading senior marketing executives on how they are integrating consumer insights as they develop their marketing technology to provide a better, more well-rounded customer relationship. Download the full whitepaper here.
About The CMO ClubThe CMO Club is the world’s most engaged and inspired community of Senior Marketing Executives who help each other solve their biggest challenges, within a candid, trusted, and sharing environment. Collaboration fueled by inspiring events and within the members-only Digital Solutions Clubhouse raises the standard for what is required to be a successful Chief Marketing Officer. With more than 650 members, The CMO Club is the go-to center for today’s Senior Marketer for peer-based personal and career success support. For more details, please visit www.thecmoclub.com.
About Selligent Marketing Cloud Selligent Marketing Cloud is a marketing automation platform that enables B2C brands to engage consumers across all critical channels. Built for the relationship marketer, Selligent Marketing Cloud is the only marketing cloud built on a single code base, featuring artificial intelligence and a Customer Data Platform with a universal consumer profile at the core of every action.
More than 700 brands across retail, travel, automotive, publishing, and financial services rely on Selligent’s proven platform. With 10 offices across the United States and Europe and more than 50 agency partners, Selligent serves over 30 countries with local, personalized service.
Media Contact: Sylvie Tongco for Selligent Marketing Cloud: Sylvie.Tongco@selligent.com