Barb Pellow posted an interesting article (free access) on WhatTheyThink last week that provides insight into marketing trends related to metrics and measurement. She highlights several case examples of companies that are integrating print into campaigns that include additional, digital channels. This multi-channel convergence is an important topic for our industry and this article helps to put the issues into perspective.
In addition, Barb points us to the Marketing Outlook 2010 from the CMO Council. I reviewed the executive summary (available for FREE) and found a few very useful insights. I then decided to purchase the full report.
Much of the report confirms Barb’s assertion about the importance of metrics and measurement. It also points to some key trends that impact agencies. Finally, the report supports the position that print service providers are, or should be, transforming into marketing services providers. Key points include:
- Agencies are struggling to evolve as marketing and traditional media go digital in all areas of campaign execution and audience activation;
- There is a power shift from master agency control of accounts to control by a more digitally empowered client wielding new partner and provider connections and resources;
- The agency model is also threatened by new service providers such as IT integrators, consultants, and offshore business process outsourcing firms providing marketing data integration, customer analytics, predictive modeling, and performance measurement.
The study indicates that senior marketers expect to recruit more data analytics, strategic planning, interactive design, online advertising, and digital marketing competencies in house as well. There are changes coming in the way that companies conduct and measure multi-channel campaigns. You may find the full study worth the investment of $200 – I certainly did.