Enforcing marketing decision support with analytics

1

I have been looking very much forward to sharing my thoughts and insights on marketing with you. In my everyday life as a business advisor at SAS Institute, I am in constant dialog with marketers in various industries. Here on the blog I will try to elaborate on relevant marketing topics – based on both business practice and academic thoughts.

This first post is related to the rising expectations of consumers and customers and the increasing importance of customer experience and analytics in the companies’ efforts to stay competitive. It is encouraging to see that customer centricity today is at the heart of the agenda for most CEO‘s and that the Chief Marketing Officer (CMO) is perceived as a key player at the strategic level.

Still, it is not just plain and easy or anything like it. With the exceeding amount of customer touch points and the maturity of the digital arena in general, customer centricity is a complex size to handle. As the CMO becomes more involved in the formulation of strategies, he/she also experiences more pressure. He/she needs to be able to follow these strategies through and actually ensure that the final customer experience is consistent and meets expectations.

A holistic view on customer engagement
In my view, we can help the CMO tremendously if we increase his/her access to knowledge about customer engagement and the underlying processes across the organization. We need to utilize the power of marketing analytics to turn these insights into actual decision support that is managed throughout the organization. In order for this practice to have practical value, it needs to be a holistic view that delivers input at both a strategic, tactical, and operational level.

With more accessible customer insight – combined with our knowledge about what it takes to create internal alignment – it is possible to provide the CMO with an overview and control. Thereby, we can establish the necessary decision support for both the development and execution of customer-centric strategies.

I would like to hear your thoughts about the topic. You can also find me on Twitter JM:@mkt_advisor.

 

Share.

About Author

Jonas Munk

Senior Business Advisor

I'm a Business advisor in the Nordic Center of Excellence within the field of Customer Intelligence / Integrated Marketing Management as well as being an external lector at the Copenhagen Business School. My focal point is to take a holistic view of the total customer experience, and the underlying processes across the organization – to ensure alignment from within as well as touch point consistency. Throughout engagement with companies of various industries the rational is to continuously strengthen commercial decision-making on both a strategic, tactical and operational level through the use of break-through technologies and software solutions. I believe that in the era of big data it is in the intersection between analytics and innovation that marketing is able to build and continuously develop competitive advantage.

1 Comment

Leave A Reply

Back to Top