Data-Driven Marketing Delivers Enterprise-Wide Value, Global Teradata Survey Says

Data-Driven Marketing Delivers Enterprise-Wide Value, Global Teradata Survey 
Says 
Marketers integrating online and offline data stand to deliver a better 
customer experience, resulting in more revenue 
INDIANAPOLIS, Aug. 5, 2013 /CNW/ - Teradata Corporation (NYSE: TDC), the 
global leader in analytic data platforms, applications and services, today 
released its Teradata Data-Driven Marketing Survey 2013, a global survey into 
how companies worldwide are using data to drive marketing and create 
sustainable competitive advantage. The extensive 45-page report, available now 
for free download, reveals widespread belief among the world's marketers that 
integrating and analyzing all available enterprise data, and applying the 
real-time insights such analysis delivers, will ultimately drive a better 
customer experience, stronger brand differentiation and faster growth. 
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The survey was conducted by Teradata Applications, a division of Teradata 
focused on business, marketing and analytical applications and services. More 
than 2,200 marketers around the world responded to the survey. 
What is Data-Driven Marketing? 
Teradata views data-driven marketing as the combination of collecting and 
connecting large amounts of data, rapidly analyzing it and gaining insights, 
and then bringing those insights to market via marketing interactions tailored 
to what's relevant for each customer. Here are just some of Teradata's 
Data-Driven Marketing Survey findings: 


    --  Nearly 50 percent of marketers agree that data is the most
        underutilized asset in their organization, with less than 10
        percent saying they currently use what data they have in a
        systematic way.
    --  71 percent of marketers say they plan to implement a Big Data
        Analytics solution in the next two years.
    --  Just 18 percent of marketers say they have a single, integrated
        view of customer actions, yet it is one of marketers' top
        priorities for future improvement.
    --  75 percent of marketers who try to calculate their Return on
        Marketing Investment (ROMI) encounter problems, mostly in the
        lack of system integration.
    --  42 percent of marketing executives agree that integrating the
        cross-channel customer experience is a top priority.
    --  Nearly 65 percent of marketers agree that silos within their
        marketing department prevent them from having a holistic view
        of a campaign across channels.

Findings Snapshot: Going Data-Driven Creates High-Impact Marketing Results

Teradata's survey reveals that most companies today are trending toward 
leveraging their data to drive marketing on a more systematic basis in order 
to measurably increase profits. Yet as organizations make the transition, they 
are encountering challenges that have little to do with actual technology 
adoption, and a lot to do with both the shortage of data analytics skills and 
the continued use of unrefined marketing processes. In response, many 
companies are, starting with Marketing, addressing enterprise-wide process 
implications, and making operational adjustments required by tighter Marketing 
and IT integration. And it is through addressing people, organizational and 
process issues that the greatest value of data-driven marketing is being 
achieved. Big Data analytics skills and digital marketing savvy are 
increasingly valuable to companies today because together they help drive more 
revenue, better margins, more efficiency, and ultimately more profits. The 
belief that these higher-order outcomes can in fact be achieved is what's 
fueling increased adoption of data-driven marketing solutions by the global 
business mainstream. Companies are not developing a data-driven marketing 
strategy so they can use technology to analyze more kinds of data; they are 
moving to it because it can help them make more money.

"Marketers are most effective in generating revenue when they are able to put 
all their data to work to deliver the most relevant offers to consumers," said 
Darryl McDonald, president of Teradata Applications. "Teradata's Data-Driven 
Marketing solutions help them stop making 'gut-feel' decisions and instead 
factor in insights from all types of data to gain a deeper understanding of 
customer preferences. Acting on more informed insights yields better customer 
engagement, but it all starts with vision, a strategic process, and having the 
right talent in place."

Teradata Data-Driven Marketing Survey 2013, Global delivers a wealth of 
informative insights for CMOs, CIOs, indeed all C-suite decision makers, as 
well as senior and mid-level marketers across all marketing disciplines. A 
snapshot of key findings appears below and in the accompanying Infographic or 
go to the survey web page for more information.

Top Line Findings
    --  Why Adopt a Data-Driven Marketing Strategy? Senior-level
        Marketing executives in enterprises over $100 million have
        largely the same priorities as the marketers working under
        them. The top three reasons companies are adopting data-driven
        marketing strategies are to:

  1. Improve Efficiency
  2. Prove effectiveness with outcomes and metrics, and
  3. Achieve better cross-channel integration.
    --  Marketers Feel Pressure: 78% of all marketers report feeling
        pressure to become more data-driven. The marketers who say they
        are feeling significant pressure are more likely to be in
        Campaign Management (39 percent) and Data Sciences (40 percent)
        roles.
    --  Strategic Use Will Increase: About half (48 percent) of all
        marketers are still just using data on an ad hoc basis, while
        about a third (33 percent) have embedded it systematically or
        even strategically into their standard processes. In the next
        12 months, 56% of marketers expect to be using data to
        systematically drive their marketing.
    --  Personalizing the Customer Experience: A little more than a
        third of companies (36 percent) say they routinely use
        data-driven marketing to customize messages and offers, in
        order to improve customer experience and campaign performance.
        Just 18% of marketers routinely have a single view of the
        customer but recognizing its importance, marketers say it is a
        top priority for future improvement.
    --  Process is Foundational: Forty-two percent of companies say
        "lack of processes to bring insights into decision making" is
        their main barrier to using data in decision making. As a
        result, within two years over 80 percent of marketers will have
        implemented or begun projects that automate data quality,
        performance management, and marketing workflow processes.

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©Teradata Data-Driven Marketing Survey 2013, Global

Complete details on these and other findings from Teradata's Data-Driven 
Marketing Survey 2013, Global can be obtained through the full report, which 
is accessible on Teradata.com.

Related Resources:

Teradata Data-Driven Marketing Survey 2013, Europe: On July 9, 2013, Teradata 
eCircle released a related study focusing on trends in data-driven marketing 
in 19 European countries. The Teradata eCircle Data-Driven Marketing Survey 
2013, Europe is a companion piece to Teradata's global study, and full details 
of that report are likewise available for free download.

"Big Data Marketing," by Teradata Applications CMO Lisa Arthur: A forthcoming 
book for marketers, authored by Teradata Applications CMO Lisa Arthur, will be 
available worldwide on October 14. Published by Wiley Publishing, "Big Data 
Marketing: Engage Your Customers More Effectively and Drive Value," can be 
pre-ordered now from both Barnes & Noble and on Amazon.com.

Survey Methodology

The Teradata-Data Driven Marketing Survey 2013 was conducted through a blind 
survey between March 8 and May 4, 2013. It total, more than 2,200 marketers 
worldwide from individual contributors up to top executives were surveyed. 
Respondents were asked 58 questions via an online survey. The margin of error 
for the overall sample varies according the base size for each question and 
ranges from +/- 3 percentage points to +/- 3.5 percentage points. The data are 
not weighted.

About Teradata

Teradata Corporation (NYSE: TDC) is a global leader in analytic data 
platforms, applications and services that empower organizations to make the 
best decision possible for competitive advantage. Teradata's market-leading 
Integrated Marketing Management (IMM) solutions advance the productivity and 
performance of marketing organizations through a data-driven approach that 
simplifies the complexity of today's rapidly changing marketing environment. 
To learn more about Teradata Applications, visit teradata.com.

Get to know Teradata: http://twitter.com/teradatanews 
http://www.facebook.com/Teradata http://www.youtube.com/user/teradata 
http://www.linkedin.com/company/teradata/products

Teradata is a trademark or registered trademark of Teradata Corporation in the 
United States and other countries.



SOURCE  Teradata Corporation 
John Sawyer, Teradata Applications,John.sawyer@teradata.com, 303-601-2949 
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