Good morning, do you spend as much on management tech as operational tools? 

Nearly 60% of marketers surveyed by Merkle report they spend more on data and analytics management tech than operational solutions such as campaign and decision management tools. In fact, 29% said they invest only in management technology solutions versus spending on both. Less than a fourth (24%) of the 400 marketers Merkle surveyed said they spend about the same on both management and operational tech. 

The survey findings highlight a potential disconnect for marketers — with many putting a focus on martech platforms that collect and manage data, while ignoring operational tools that can leverage customer data to deliver effective campaigns. 

Nearly half of the marketers surveyed said they spent as much as 21% to 25% of their marketing budget on identity tech. And nearly all (94%) of the marketers had purchased a personalization solution, but had only applied personalization to three or fewer channels within the first year of using the technology. Fortunately, half the marketers polled said they had implemented personalization on, at least, five channels to date — so, while the marketers may have been slow to apply their personalization capabilities to four or more channels, they eventually were able to expand their efforts.  

Twitter has bought Chrome Labs, the company behind the Chroma Stories app — a short-form video and photo creation tool for creating Stories on various social sites. The company is shutting down immediately and its team will be joining Twitter’s design, product and engineering groups. Unlike Snapchat, Instagram and Facebook, Twitter doesn’t have a Stories-creation feature, but this acquisition may change that, giving marketers a new tool to jazz up their Twitter content. 

Keep reading for a Pro Tip from GBH Insights President Jeremy Korst on putting the customer at the center of your product strategy. 

Amy Gesenhues,
Senior Editor 

 
 
 
Pro Tip
 

It’s time to put customers at the center of your product strategy

“Design thinking is a methodology for creating products, services and experiences where you put your target customer at the center of your development process,” explains Jeremy Korst of GBH Insights. “To be successful, it’s vital that marketing play a strategic role in shaping the product strategy. Together with the design and engineering team, marketers should constantly be seeking to better understand target customers and put their needs at the center of the product development process. Making this leap isn’t easy. But, for marketers who have long yearned to have a more strategic role in product strategy, this new way of thinking provides a fertile opportunity to play a bigger role in the up-stream process.”

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MarTech Minute
 

Introducing the Periodic Table of Digital Commerce

Whether it’s new Google Shopping campaign options, shoppable posts on social media, or advertising opportunities on Amazon or Walmart, there have never been more ways to market products online. And, of course, each option has its variations, its pros and cons and its emerging best practices.

During Wednesday’s SMX West conference in San Jose, Marketing Land editor-in-chief Ginny Marvin unveiled a new resource to help you get a handle on this rapidly-growing space — the Periodic Table of Digital Commerce Marketing.

 

Expert answers to your complex marketing issues

Data. Technology. Operations. Orchestration. Discover actionable tactics that can help you succeed in every aspect of modern marketing at The MarTech Conference!

See the agenda »

 
 
 
What we're reading
 

We've curated our picks from across the web so you can retire your feed reader

Together at Last: Unstructured Content Joins Structured Data in the BI World – CMS Wire

The Future of Coding Is ‘No Code’ – One Zero

50 Stats Showing The Power Of Personalization – Forbes

Amazon researchers train AI to rewrite queries for better spoken language understanding – VentureBeat

4 Customer Data Problems that Can Impact Your Sales – Multichannel Merchant

2019 Review: High-growth SaaS IPOs – Meritech Capital

Apple Wants to Stop Publication of ‘App Store Confidential’ Book Due to Inclusion of ‘Business Secrets’ – MacRumors