SYDNEY, Australia – 13 December 2017: A new report by Marketo and ADMA has found that although revenue growth is the top focus for marketers in ANZ, over 50 per cent of marketers surveyed admit to guessing the impact of marketing contributions.
The research, which surveyed 444 senior marketers, found that 61 per cent of those surveyed feel like they are fairly or poorly demonstrating their contribution to revenue. In fact, almost a third (31 per cent) do not even measure it.
The study found that some marketers are investing in programs to better demonstrate the value of their work but approximately 13 per cent make no attempt at all to measure the success of their activities at all.
The inability to speak the language of business metrics is influencing the poor perception by non-marketing management peers. Barely 15 per cent of respondents said their peers saw marketing as a primary business driver and revenue generator.
Chris Connell from Marketo said, “It’s amazing to me that attribution remains such a challenge for businesses. Marketers are always talking about data-driven insights and measurable outcomes – yet many marketers don’t practice what they preach.
Marketers need the right technology to be able to prove their impact. However, without tangible proof they won’t get these necessary funds. It’s a cycle – without attribution there is no real justification for investment in marketing technology.”
In fact, it is still more common for marketers to rely on traditional campaign metrics like clicks, downloads and customer satisfaction ratings, than on the financial metrics that underpin internal company and organisational goals.
After revenue, the next key goals for businesses are acquiring new customers (21 per cent) and enhancing customer experience (approximately 18 per cent). To achieve this, marketing leaders must improve operational efficiency, invest in new technology and commit to improving the capabilities of their people through education and training.
Marketo, Inc., offers the leading Engagement Platform that empowers marketers to create lasting relationships and grow revenue. Consistently recognized as the industry’s innovation pioneer, Marketo is the trusted platform for thousands of CMOs thanks to its scalability, reliability, and openness. Marketo is headquartered in San Mateo, CA, with offices around the world, and serves as a strategic partner to large enterprise and fast-growing organizations across a wide variety of industries. To learn more about the Marketo Engagement Platform, LaunchPoint® partner ecosystem, and the vast community that is the Marketing Nation®, visit www.marketo.com.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.