CMOs Regard Measurement as Key to Proving Value

Business, Technology, Internet and network concept. Young businessman working on a virtual screen of the future and sees the inscription: Customer journey

Two-thirds of the CMOs polled in the 2017 Marketing Performance Management Benchmark study said the pressure to measure value, impact, and contribution is growing.

Enterprise marketers plan to ramp up their spending on analytics technology a stunning 83% over the next three years, according to the latest CMO Survey out of Duke University. One way they’re dealing with this issue is a hiring binge to bring in data- and analytics-savvy personnel.  So now would be a good time to upgrade your skills in this area.

Not all marketers are embracing this move to analytics with enthusiasm – there appears to be some “kicking and screaming” as they’re dragged there by a C-suite demanding more accountability.  That might describe how PR pros feel about analytics and measurement too.  But it is a fact of life now, there’s just no avoiding it anymore.

The 2018 Gartner Multichannel Effectiveness Study shows that social, mobile and digital are the main channels influencing your customers across their buying journey. And they’re just a couple of points apart.

These numbers are up significantly from 2017, so you can bet the C-suite is going to want data to evaluate how their companies are performing across these channels.

 

Channels Gartner 2018

 

If your job includes interacting with customers, prospects, stakeholders, and others on social, mobile, digital or websites, now is the time to learn how to track and report results for awareness, interest, conversion, and advocacy.

The PR Measurement Course is now open for initial registration.

Update your measurement skills now – Take this course