In this one-time webinar, special guest speaker and analyst from Forrester, Richard Joyce, will helped us examine the rise of data-driven marketing and how the quality of digital data informs budgets while affecting advertising ROI.
Everyone that attends the webinar and reviews the slide will leave:
- Knowing the challenges that present themselves with data-driven marketing and how to overcome them
- Understanding how to be a data-driven marketer and why high-quality digital data is essential to successful marketing initiatives
- Aware of the impact of high-quality data and the ROI of improving data quality
- Able to explain the key components of data quality and how to design a framework of processes and procedures
- With actionable next steps and recommendations
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
3 Steps for Measuring ROI of Data Quality for Data-Driven Marketers
1. ROI, Data Quality and
Peace of Mind
06.28.17
t @taginspector
Confidential property of Tag Inspector. Not to be disclosed, reproduced, distributed or used for any unauthorized purpose without Tag Inspector’s prior written authorization.
2016 InfoTrust, LLC. All Rights Reserved.
3. t @taginspector
Agenda
3. There are Major
Challenges in
Data-Driven
Marketing
4. Digital Data
Quality Poses
an Even Bigger
Challenge
5. What is
Data Quality?
6. Scenarios and
Opportunities
7. Summary
and Q&A
1. The Rise of
Data-Driven
Marketing
2. Marketers
Use Data for a
Number of
Marketing
Functions
23. Google Confidential and Proprietary 23Analytics Premium
What Is Data Quality?
Data Quality
What does it mean?
Why is it so difficult to achieve?
t @taginspector
30. Digital analytics is a directional tool
t @taginspector
P&G doesn't want to waste time and money
on a crappy media supply chain.
Mark Pritchard
P&G, CMO
“
31. t @taginspector
Quality
Detractors
1. Dynamic consumer behavior
2. Incomplete deployment of
solutions
3. Lack of data integration & poor
data supply chain
4. Inability to measure Return on
Analytics Investment
32. t @taginspector
Quality
Detractors
1. Dynamic consumer behavior
2. Incomplete deployment of
solutions
3. Lack of data integration & poor
data supply chain
4. Inability to measure Return on
Analytics Investment
33. Google Confidential and Proprietary 33Analytics Premium
What Is Data Quality?
Opportunity
#1
Incomplete Deployment of Solutions
t @taginspector
34. t @taginspector
Are You Getting a
Complete Picture?
If analytics tags are
missing or broken on
20% of your pages
35. t @taginspector
Are You Getting a
Complete Picture?
If your data
collection service is
down 2% of the time
36. Are You Getting a
Complete Picture
One Day of Missing Data
from analytics is 3% of monthly conversions
Over Peak Days, This One Day May
Represent
From 5% to 10% of monthly conversions
t @taginspector
37. As you continuously update and
enrich your website and mobile
app, you also run the risk of
breaking your analytics tags. Though
it may sound like a rookie mistake,
it’s all too common to have missing,
broken, or duplicated tags -
especially on large sites.
Absolute vigilance regarding tag
integrity is therefore critical!
t @taginspector
Missing or Broken
Tags
38. Establishing
Tag (Pixel) Policy
t @taginspector
1. Pixel Audit: Scan and identify all site pixels, where they are, and how they
load.
39. Establishing
Tag (Pixel) Policy
t @taginspector
1. Pixel Audit: Scan and identify all site pixels, where they are, and how they
load.
2. Defining Tag (Pixel) Standards: Technical requirements (latency, error rate,
etc).
40. Establishing
Tag (Pixel) Policy
t @taginspector
1. Pixel Audit: Scan and identify all site pixels, where they are, and how they
load.
2. Defining Tag (Pixel) Standards: Technical requirements (latency, error rate,
etc).
3. Tag (Pixel) Architecture: Maintain collection of authorized tags across each
site, and mapping the data they should be collecting.
41. Establishing
Tag (Pixel) Policy
t @taginspector
1. Pixel Audit: Scan and identify all site pixels, where they are, and how they
load.
2. Defining Tag (Pixel) Standards: Technical requirements (latency, error rate,
etc).
3. Tag (Pixel) Architecture: Maintain collection of authorized tags across each
site, and mapping the data they should be collecting.
4. Management Process: Process for tags to be added to site, ensure data is
available through changes, and remediate any issues.
42. Establishing
Tag (Pixel) Governance
t @taginspector
1. Pixel Audit: Scan and identify all site pixels, where they are, and how they
load.
2. Defining Tag (Pixel) Standards: Technical requirements (latency, error rate,
etc).
3. Tag (Pixel) Architecture: Maintain collection of authorized tags across each
site, and mapping the data they should be collecting.
4. Management Process: Process for tags to be added to site, ensure data is
available through changes, and remediate any issues..
5. Ongoing Monitoring: Ensure proper tag behavior.
a. Sample custom report.
43. Google Confidential and Proprietary 43Analytics Premium
What Is Data Quality?
Opportunity
#2
Data Integration +
Poor Data Supply Chain
t @taginspector
44. Impact of
Offline Activities on Sales
Add offline sales data from your
CRM.
Add LTV data from your CRM,
and measure long-term
marketing ROI.
45. Understanding
Data Flow
t @taginspector
Cross-Channel
Digital Marketing
Display Mobile Video
Search Email Social
Single Customer View
with
Analytics
User Datasets
DW ETL SQL
CRM ERP Store
Tag Management System
Map Online Customer Behaviors
To Offline Customer Profiles and Activity
Upload customer actions & meta-data for
richer optimization insights
Data WarehouseRe-Use Data & Tags For Programmatic
Marketing & Remarketing
Accountable Marketing Performance
Across Channels and Devices
46. Driving Higher Engagement & Sales With
CRM Targeting
t @taginspector
CRM-powered ads are
47% more effective
than traditional
targeting
47. • Discovered that the ROI for paid advertising
was actually 130% higher than previously
measured.
• Learnings:
• 15% of all offline sales are influenced by
AdWords
• 21% of all sales start with AdWords
Pelican Case Study - goo.gl/ovWjjO (Blog Post
and PDF)
CLV Success Stories:
Pelican Water Systems
48. Google Confidential and Proprietary 48Analytics Premium
What Is Data Quality?
Opportunity
#3
Value of Measurement
t @taginspector
49. t @taginspector
Measuring
ROAS
Companies are moving to the zero-based
budgeting (ZBB), reports Marketing
Week.
ZBB assumes there is no spend and
forces marketers to justify how much
budget they need for the current year.
50. t @taginspector
Measuring
ROAS
This means that you can’t just
say “Last year, we spent
$100k on Omniture and that’s
why we need it this year.”
Companies are moving to the zero-based
budgeting (ZBB), reports Marketing
Week.
ZBB assumes there is no spend and
forces marketers to justify how much
budget they need for the current year.
51. ROI of
Good Data
t @taginspector
If there is going to be a higher cost to acquire better data, it’s got
to be justified by a higher ROI.
The formula is how many fewer impressions did you buy in
order to justify the KPI goals? Did you buy 10% less media? If
you paid the same amount overall, then the data is wasteful.
Jeff Weiser
Shutterstock CMO
“
56. The Value of
Analytics
t @taginspector
1. The value of analytics is in how you apply it.
2. Marketing tests and optimization efforts should all be documented, and
outline the marketing ROI with and without optimization efforts.
3. Track how each experiment performs, cumulative value you generate and
market insights you learn.
4. Even with a quarter of data, you can extrapolate the annual value of
analytics.
57. t @taginspector
Any Questions?
Confidential property of Tag Inspector. Not to be disclosed, reproduced, distributed or used for any unauthorized purpose without Tag Inspector’s prior written authorization.
2016 InfoTrust, LLC. All Rights Reserved.