Executive Summary
Demand Metric, in conjunction with Tableau Software, recently completed a study to explore the use of sales and marketing analytics tools and technology, seeking to determine:
- The current state and importance of the analytics process
- The tools, technology and data in use for analytics and the overall satisfaction with them
- The motivations that drive analytics efforts
- The effectiveness of analytics results when it comes to influencing decision-making
- The types of analytics organizations are currently conducting, and what is planned
- The roles involved in the analytics process, the degree of collaboration that occurs and how the results are shared
Table of Contents
- Introduction
- Executive Summary
- Research Methodology
- State of the Analytics Process
- Current Analytics Tools & Data Sources
- Motivation for Analytics
- Effectiveness of Analytics Processes
- Types of Analytics Processes
- Roles
- Collaboration
- Sharing
- Analyst Bottom Line
- Acknowledgements
- About Demand Metric
Research Methodology
The Demand Metric 2013 Sales & Marketing Analytics Survey was administered online during the period of November 8th through December 2nd, 2013. During this period, over 350 responses were collected, of which approximately 300 were qualified and complete enough for inclusion in the analysis.
To become a member and read this entire report, visit us at http://www.demandmetric.com/user/register
3. INTRODUCTION
Without the right
tools, technologies, data and processes, organizations are flying blind.
In other words, we shouldn’t have an analytics process just to stay out of trouble, but to help our sales
and marketing teams perform at their highest level.
This study’s
focus is to understand the tools, technologies, data and processes that organizations are using to do sales and
marketing analytics.
It is hoped that the benchmarks this study provides will help advance the state of sales and marketing analytics.
No matter how robust an organization’s analytics prowess, if there is little or no collaboration and sharing of results,
the good that can come from the process is significantly hindered.
5. EXECUTIVE SUMMARY
For those organizations that have a sales and marketing analytics process, 81% report that its importance is
moderate to significant to the organization.
Overall satisfaction with the tools used for analytics is low, with 68% of the study sample reporting satisfaction
levels of “Neutral”, “Dissatisfied” or “Very dissatisfied”.
54% of study participates share that their analytics process is moderately to very effective at influencing or enabling
better decision-making.
The top motives for analytics efforts are driving revenue, tracking or maximizing the performance of marketing and
to demonstrate the value of marketing.
Collaboration during the analytics process and sharing the results both have strong relationships to influencing or
enabling better decision-making.
5
7. STATE OF THE ANALYTICS PROCESS
Sales & Marketing Analytics Benchmark Report, Demand Metric, December 2013, n=300
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Of the 329 study participants answering this question,
only a single person chose “I don’t know” as a
response.
8. STATE OF THE ANALYTICS PROCESS
However, the data this report will share about the
effectiveness of using analytics results to influence or
enable better decision-making will have value in
helping organizations understand the benefits of
having an analytics process.
Sales & Marketing Analytics Benchmark Report, Demand Metric, December 2013, n=300
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9. STATE OF THE ANALYTICS PROCESS
Far more organizations (86%) do have some kind of
analytics process
A very healthy majority (81%) reports that the
importance of analytics is moderate or significant
Sales & Marketing Analytics Benchmark Report, Demand Metric, December 2013, n=300
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