Secure your place at the Digiday Publishing Summit in Vail, March 23-25
A recent article in AdAge tackles a question that most brand-marketing executives are probably asking: How much of my budget should I be spending on data? Data is important because it could be a brand’s customer-service tool. Data, if used correctly, helps marketers identify and then target the most relevant audiences, increasing online marketing’s ROI. AdAge columnist Jason Del Rey expects the spend on data to increase going forward.
The best data investments should stretch budgets, not necessarily add to them. But here’s some guidance: if you’re launching a broad, awareness-driving campaign, data may not be your first tactic. On the other hand, if you’re trying to drive sales or purchase consideration, you should often be looking to more data-centric plans, combining both first- and third-party information where possible. “I think you’d be hard-pressed to find savvy marketers that aren’t spending 10 percent, 15 percent, 20 percent of their budgets on data-driven plans,” said Jordan Bitterman, senior vp of social marketing practice director at Digitas. Expect that number to only grow going forward.
Click here to read the entire article on AdAge. To follow AdAge on Twitter, click here.
More in Media
How medical creator Nick Norwitz grew his Substack paid subscribers from 900 to 5,200 within 8 months
Creator Playbook: Unpacking the strategy behind medical YouTuber Nick Norwitz turning to Substack to significantly grow his brand.
Media Briefing: In the AI era, subscribers are the real prize — and the Telegraph proves it
In an era where AI is eroding referral traffic and third-party distribution, a subscriber who pays directly has become the most valuable reader a publisher can own. Springer just bought over a million of them.
Layoffs hit LADbible Group’s social video team amid slower user-generated content growth
Social-first publisher LADbible is in the middle of a second round of layoffs to its social video team, having suffered massive drop-off in Facebook video engagement.