If you want to do one-to-one marketing, the marketing automation tool must be able to actually use the data you've collected on customers. How do you make that happen?
Data integration is the biggest obstacle to data-driven marketing
If you're moving toward agile use of data for marketing, then customer data must be available, usable, timely and easily deployable. That sounds simple but it's quite a challenge in practice. Research by Ternair shows that data integration is still the biggest barrier to implementing data-driven marketing.The DDMA's annual study on data-driven marketing confirms this picture. It shows that obtaining qualitative and actionable data are among marketers' biggest challenges. How do the data flows? Twenty-one percent of marketers surveyed indicated that the data collected are in a central database. Twenty percent collect data in different systems that are regularly synchronized. Forty percent collect data in different systems that are partially synchronized, and eighteen percent make manual links as needed.Before you can make customer data sources available in the marketing automation environment, you must complete three steps:
1. Inventory customer data sources
2. Provide customer data sources
3. Unlocking customer data sources
1. Inventory: map customer data sources
Most companies collect data from different data points and store them in different systems. Think CRM, ERP (transactions, orders, subscriptions), identity (login, preferences, interests), email newsletters, leads, prospects, email statistics (sent, open rates, clicks) and web statistics (click behavior).