Doing More With Data

Discovering Data-Accelerated Revenue Traction

In partnership with:

Overview

The CMO Council, in partnership with IBM Watson Customer Engagement, is gathering insights from senior marketing, commerce and supply chain executive into how the shift toward the customer has necessitated innovation across data, analytics and holistic operations. The goal is to establish where and how the three most critical teams at the front line of engagement and the customer can accelerate revenue traction through data-accelerated operations and actions.

background

This program seeks to understand how marketing, commerce and supply chain executives are centralizing and putting today’s deluge of data to work. It will uncover new ways these executives are extracting value from multiplying sources of insight (IoT, MarTech apps, third-party APIs) and unstructured content (both inside and outside the enterprise).

The research will delve into issues of data availability, accessibility, quality and timeliness as executives face the competitive imperative to leverage real-time, refined data for revenue growth, customer gratification and trusted decision support. It will also explore the gaps and deficiencies in the data value chain as it results to customer journey, path to purchase, lifetime value, and end-to-end experience.

The goal of this research initiative is to help functional business leaders review, value and prioritize data assets. The results of this research will provide a self-assessment tool for leaders to identify the most relevant sources of data, and determine what types, sources, formats, and interfaces will boost marketing and business performance.

Events

Webcast

Jun
7

Doing More With Data.

2018-06-07 10:00:00 2018-06-07 11:00:00 America/Los_Angeles Doing More With Data. Join us as we explore how the shift toward the customer has necessitated innovation across data, analytics and holistic operations. CMO Council cmoteam@cmocouncil.org

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Facts & Stats

In 2017, Big Data vendors pocketed over $57 Billion from hardware, software and professional services revenues. These investments are further expected to grow at a CAGR of approximately 10% over the next four years, eventually accounting for over $76 Billion by the end of 2020.

Source: SNS Research
Tags: Big Data

In a HBR report, the leading areas in which B2B executives feel they can benefit from investments in data and analytics are an improved customer experience (61 percent) and increased customer retention/loyalty (60 percent).

Source: Harvard Business Review

In a HBR report, presented with nine obstacles faced in leveraging data to achieve go-to-market goals, and asked to select the top 3, a majority (55 percent) of respondents pointed to the inability to merge data from disparate sources in a timely manner.

Source: Harvard Business Review

On average, 47 percent of newly-created data records have at least one critical (e.g., work-impacting) error.

Source: Harvard Business Review
Tags: Big Data

Only 3 percent of companies’ data meets basic quality standards.

Source: Harvard Business Review
Tags: Big Data

In a survey of 300 executives, 53 percent of respondents state that the use of augmented intelligence will dramatically improve internal alignment among marketing, supply chain and commerce.

Source: Forbes Insights

Only 14% of companies describe themselves as leading-edge when it comes to harnessing augmented intelligence to enhance the customer experience.

Source: Forbes Insights
Tags: Big Data

In a survey of 300 executives, when it came to challenges in improving the customer experience, 58 percent quoted optimizing marketing spend, 55 percent said generating customer insights, and 53 percent said creating a consistent customer experience across channels.

Source: Forbes Insights

Only 13 percent of organizations unite systems and resources to develop a single source of intelligence for every customer.

Source: Harvard Business Review

In a 2017 executive survey, over 48 percent of executives report that their firms have realized measurable benefits as a result of Big Data initiatives. Just under 81 percent of executives characterize their Big Data investments as successful, with 21 percent of executives declaring Big Data to have been disruptive or transformational for their firm.

Source: NewVantage Partners
Tags: Big Data
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