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Why smart marketers are embracing a shift from the technical to the emotional when it comes to using data to drive creativity.
Much is talked about data and its transformative effect on, well everything. The profound impact of data is undisputable. But is that also the case in brand development?
We have all seen how data has also attached its tentacles to marketing and branding, but to date, it has been mostly in a rather mechanistic way.
Data in marketing is primarily used for analysing the effectiveness of marketing activity. As a result, we have become more agile. We continually optimize and try to understand what works and what doesn’t and react to it. As an extension we learn about peoples’ behaviour in our channels. We follow this by looking at our dashboards in Hubspot, Marketo or some other marketing automation system and we understand the impact of nurturing, how the funnel converts contacts to leads to MQL’s to … you know the drill.
Simply put, we use data to understand how a piece of content engages the audience and subsequently find out - are they interested in us?
Undoubtedly the analytics revolution has changed the face of marketing for good and in many respects, for the better. However, I would argue that the pendulum has swung too far towards the “marketing-is-mere-numbers” school of thought and deeper motivational understanding and exciting storylines have lost ground. This is about to change again.
The “analytics-only approach” has become the bread and butter of our industry, with every brand having marketing automation and analytics tools in place. It is effective, yes, but there is an adverse side-effect: brand stories are increasingly reduced to facts and skills at the expense of compelling storytelling. We are losing the emotion and excitement which is key to building lasting brand loyalty and connection.
As if that wasn’t enough there are new challenges on the horizon. Cookie consent rules are getting tighter and public awareness of privacy is acute. Simultaneously the big Social Media platforms who fuelled the analytics revolution are now under pressure to limit profiling. Cross-pollination of data is restricted, and it is hampering the ability to profile, all to the chagrin of us marketers.
Combine all this and differentiation and targeting becomes increasingly difficult. But could data be the answer to its own problem? Can there be more to data than basic analytics? Could data even lead to proactivity? The answer is yes. There is a next level, we just don’t see it much in marketing yet.
Design thinking as a philosophy and machine learning as a toolset is something the marketing community hasn’t really embraced yet.
Applying design thinking and trying to genuinely understand what drives behaviour is at the core. A qualitative study of a target group to discover new datapoints of their behavior gives potential for new insights. Capturing behaviours in the wider context of peoples every-day lives would enable better behavioural profiling and lead to more accurate suggestions. We would find trigger points to use for nudging them in the direction of the service offered or behaviour desired.
Design thinking as a philosophy and machine learning as a toolset is something the marketing community hasn’t really embraced yet.
Peter Barkman, Chief Marketing Officer at Solita
These human centric methodologies are proven but are difficult to quantify. That fact is changing though. Individuals generate masses of data of behaviour online but increasingly also offline. Our phones, smart-watches and purchases tell our story individually. Digital twins in businesses or industrial sensors in manufacturing describe exactly to us what happens in any given business. The world has become one giant recorder.
The data is there but marketers have yet to tap in on an industrial scale. Some advanced companies however are making the leap to that next level. My employer, Solita, a next gen. Data and technology consulting company, has built tailored data platforms for our customers.
For example, with a client of ours, a Scandinavian TelCo, we developed their “Einstein platform”. The platform integrates some 300 different data-sources, applies machine learning to that data and teaches the systems about behaviours. All to enable perfect recommendations, extremely fast marketing campaigns and other highly tailored next actions. The data sources are both on-line and off-line and the intelligence applied teaches the systems.
Results have been sensational. Set up-time of a marketing campaigns reduced from weeks to hours, conversions due to accurate targeting increased threefold generating a 200% increase in sales generated by AI.
The “dream data platform?” Unfortunately, because the complexity and investment size this is not mainstream, at least not yet.
But it will be. It is only a matter of time when similar tech-stacks are available to larger groups of marketers. They will enable us to reach the next level of customer understanding. We will be able to create more compelling content and put really touching wow into it. In our own marketing we are embracing this - understanding our customers' motivations in depth, yes, and also working with Creature to translate them into stand-out and creatively compelling narratives, not mechanised paint-by-numbers. The changes ahead will also put more emphasis on building and maintaining our customer databases and the data integrated to them. If it isn’t already, proprietary, enhanced customer databases will be the number one for all marketers.
We will know a lot more than now. We will nudge, persuade and recommend better. The organisations we represent will become more relevant.
As both technology and regulation develops data will continue to govern everything we do as marketeers, but how we deploy it will shift from the technical to the emotional.
Marketing analytics is blue ocean -a must have
Focus on building and enhancing your customer data-bases
Use design thinking and behavioural research methods to uncover new data points on customer behaviour
Identify new data-sources to connect to your customer data-base
Apply machine learning to teach your systems -and you- about deep behavioural patterns of clients and become proactive
Peter is the SVP – international expansion & CMO of Solita, a next gen. digital development consultancy originating in Finland. He joined Solita in 2017 after selling the Service design agency PALMU Inc. co-founded by him in 2008. Prior to Solita and Palmu Inc. Peter was Vice CEO of Taivas Innovations an Interpublic company, COO of TBWA-group Finland and VP – Online business division of Talentum, at the time Finland’s vanguard in internet-based media and largest business publisher. Originally starting his career at Arthur Andersen & Co. as an audit assistant and then moving over to management consulting Peter has had a 360° view of running and developing businesses over his 25-year career. Peter has held several board seats and is currently chairman in 2 companies in which he is also an investor. Overall, Peter’s career can be characterized as being involved in starting and scaling up businesses.
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