Martech Replacement Trends in 2024
Which types of marketing technology are replaced most often? Why do marketers decide to replace martech solutions? To find out, researchers surveyed 496 marketers from around the world.
Waste in the paid media ecosystem is a big problem, with up to 74% of total media spend estimated to be wasted. To address this, marketers should look beyond campaign-level data and create a foundational media data model. This model should include a single source of truth and technology integrations. Benefits of this model include uncovering the impact of fraud, understanding fees, and enabling data-driven decisions.
To build a media data model, marketers should assess their current state. Excel and CSV feeds, API integrations, and log files all provide varying levels of data visibility. Brands can save 10-25% by building this model, and even up to 50-60% with log files. Creating an action plan of identifying gaps, building strategies, and investing in capabilities is essential.
A foundational media data model can help brands unlock millions in media spend and lead them to a new journey of trust, optimization, and automation in digital media. Knowing what data is available and understanding how to use it will help marketers make data-driven decisions and drive better results.
A Media Data Model: What It Is and Why You Need One
Don't worry ... it's FREE!
Which types of marketing technology are replaced most often? Why do marketers decide to replace martech solutions? To find out, researchers surveyed 496 marketers from around the world.
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Chief marketing officers at B2B enterprise companies say the biggest technology challenge they face is integrating various solutions effectively, according to recent research from Modern.