SAN MATEO, CA – October 13, 2015 – A new study of senior marketing professionals found that 68% adopters of email, CRM and marketing automation solutions said that predictive marketing is key to future success. In addition, an overwhelming 98% of the most mature marketers surveyed, who comprised one-third of respondents, revealed that they are either fully committed to predictive marketing or are currently implementing predictive marketing in some capacity. The research suggests that predictive marketing is beginning to move from buzz to business value across companies of all sizes.
Predictive marketing is defined as the practice of extracting information from existing customer datasets to determine patterns and predict future outcomes and trends, enabling marketers to become more precise with their methodology for targeting customers. The 2015 State of Predictive Marketing Survey Report published by EverString involved 527 interviews with director-level or higher marketing professionals who are decision makers and implementers of marketing technologies and platforms at U.S.-based B2B companies with up to many thousands of employees.
Other notable research findings include:
- 91% of marketers who reported that they are defining the future of the company and leading the charge into current and new markets are either fully committed to predictive marketing or are implementing predictive marketing.
- 67% of marketers using both behavioral and firmographic attributes to score their leads are fully committed to predictive marketing.
- 53% of marketers actively engaged in account-based marketing strategies are fully committed to predictive scoring and 82% of those marketers are researching predictive marketing.
“Predictive marketing technologies are really about adding higher levels of precision so they improve efficiency and cease their spray-and-pray techniques that infuriate more prospects than they attract,” said Matt Heinz, of Heinz Marketing. “How closely can you match your content to what the prospect or customer actually cares about, or what they’re struggling with right now? Predictive marketing may never be a perfect science, but it has the ability to dramatically increase trust, engagement and conversion between buyers and sellers in the immediate future. And that goes for both marketing campaign results as well as engagement with the sales team.”
From Data Overload to Data Science: The Changing Role of the Marketer and Why Predictive Marketing is the New Endgame
Pressure to drive numbers, address new buyer habits and expectations, and adopt new technologies has generated a new type of marketer: the marketing technologist. Instead of taking a back seat to sales and engaging in activities that can’t be measured, these marketers now have a seat at the revenue table. By utilizing the multitude of innovations in marketing technology, marketers are able to make data-driven decisions. Today’s marketers are embracing this new role and looking to data science to crunch the numbers in order to be more efficient and targeted with their day-to-day activities—their success in their jobs depends on it. Predictive marketing technology provides the precision of analyzing critical insights at machine scale, letting marketers be significantly more data-driven in all of their decision making processes to target the right customers and properly prioritize them.
Almost half of those surveyed, 47%, stated that they are aware of predictive marketing and are currently investigating how to use it in their marketing. While these individuals have yet to adopt a platform, the concept of predictive is beginning to take hold. In fact, 25% of respondents said that they are currently using a predictive tool already. However, there is still a fair amount of confusion about the definition of predictive marketing and how it can help marketing teams—24% of respondents stated that they don’t use the technology and the concept is completely new to them.
Modern pressures have also produced a new type of marketing strategy: account-based marketing (ABM). ABM purports that instead of focusing on broad-based lead generation techniques, marketers should spend time targeting key accounts. By combining ABM with predictive marketing, marketers can target the right accounts with much greater precision.
- Out of the marketers who are currently utilizing ABM, 80% believe that predictive marketing is a critical piece of the future marketing stack.
- Of the marketers who are using ABM, 40% reported that they have read about predictive marketing and are currently investigating how to use it and 26% stated that they were actively using some predictive tools.
“Building the modern marketing technology stack is no longer just about nailing the right email campaign or simply investing in a CRM solution. Today’s marketers must solve a much bigger dilemma: closing the ever widening gap between last-generation demand generation tools and predictive marketing technologies,” said president J.J. Kardwell at EverString. “It was no surprise to see that approximately 70% of organizations interviewed are only using CRM and marketing automation tools, yet 68% agree that predictive marketing is key to overcoming the biggest hurdles marketing organizations face. The power of predictive eventually ushers in an age of artificial intelligence that automates a fully optimized 1:1 relationship with the buyer.”
To learn more about the correlations between predictive marketing and factors including marketing team size, company size, and marketing maturity, download the 2015 State of Predictive Marketing Survey Report here.
EverString helps build new pipeline and increase conversion rates with the only account-based, full lifecycle, predictive platform for B2B sales and marketing. The EverString Decision Platform identifies a company’s ideal customer profile, and then finds the prospects that best fit that profile, both inside and outside the existing pipeline. EverString’s SaaS platform provides Predictive Scoring and Predictive Demand Generation, empowering marketers with the full potential of predictive analytics and applied data science. EverString is backed by leading investors including Lightspeed Venture Partners, Sequoia Capital, IDG Ventures and Lakestar. For more information, visit www.everstring.com.