Executive and marketing departments have misaligned views on the tech stack. What impact are these clashes and confusions having?
Mirroring our workflow findings above, our respondents see potential in their business’s current tech stack, but don’t believe that potential is being fully realized.
Across all business sizes, 85% of our respondents have a tool in place for managing campaigns and content workflow. However only half of these respondents – 51% – find this tool to be effective.
Marketing automation platforms (MAPs) are popular, but not yet universally deployed. 59% of respondents say their business has a MAP in place; 39% do not have a MAP in place; the remaining 2% are unsure.
Interestingly, MAP usage is more prevalent at medium-sized enterprises (251–500 employees) than at larger enterprises (1,000+ employees). 78% of the former use a MAP; 39% of the latter do not. Splitting the numbers by industry rather than business size, we see further eye-opening trends. 83% of respondents from the tech industry say their business has a MAP in place; as do 67% of retail-industry respondents, and 64% of finance-industry respondents.
Also interesting: of respondents at businesses – across all industries – use marketing automation, only 11% are confident that the technology is “extremely effective”.
Unsurprisingly, customer relationship management (CRM) systems are more widespread. 89% of respondents have a CRM in place; 9% do not have a CRM; the remaining 2% are unsure.
It’s worth noting here that there may be some confusion between what constitutes a CRM, what constitutes a MAP, and what function each serves. Because, when we split the responses by job roles, an odd disparity emerges. Whereas 70% of respondents in marketing-leader roles state that their organization doesn’t use a MAP, 90% of executive respondents assert that their organization does use a MAP.
It’s likely that these misaligned numbers are down to confusion around the exact delineation between the two technologies.
- Just for the record: a CRM system focuses on managing customer interactions and relationships, providing tools for sales, marketing, and customer service. A MAP primarily automates marketing tasks such as email campaigns, lead nurturing, and analytics, aiming to optimize marketing efforts and generate leads. While both systems enhance customer engagement, they have distinct focuses and functionalities within the realm of business operations.
Among the 89% of respondents who state that their business uses a CRM, there are mixed feelings surrounding how effective those CRMs actually are.
How effective is the CRM in use at your organization?
With 45% of respondents rating their CRM as less than “mostly” effective, there’s clearly a need/opportunity for many enterprises to consider what they want from the technology, and if they’re actually getting those desired outcomes at present.
Business intelligence (BI) dashboards are almost as widespread as CRMs, with 81% of businesses using this technology to self-serve their data and metrics to get a deeper understanding of their= growth levers.
Sentiments around this technology are, relatively speaking, positive: 51% of all respondents believe their BI to be effective. Breaking this down by job title, 40% of senior managers are happy with their current BI solution; conversely, 60% of directors, and 60% of executives are happy.
As with CRMs, there’s some room here for improvement. By optimizing their BI solutions, enterprises can foster internal trust in, and enthusiasm for, BI’s effectiveness.
And finally: In the year in which AI went mainstream, our findings below show that, in marketing, the technology currently sits at the tipping point of mass adoption. The next 12 months should prove to be the most dramatic so far in AI’s relatively short lifespan.
How is your organization already using AI?
Share this report