Article

Gary Damiano
Gary Damiano 8 September 2016

Big Data’s Role in the Marketing Mix

Marketers rely on data – it’s the lifeblood of understanding a businesses’ customers, prospects and people. Today, big data and our willingness to share our personal information have allowed marketers to get ever closer to us as consumers; unlocking the power to enhance their marketing activities and achieve better results.

In the quest to answer some of the most vexing questions that have foiled marketers for years – including who buys what, when, at what price and why? – many have turned to big data for their answers. The powerful information at their disposal allows marketers to dig deeper than ever before to get a thorough understanding of their customers and prospects. However, the amount of data available to marketers is both an advantage and an obstacle.

The benefits of all this data are obvious. This includes allowing us to capture more information about people, better tailor products/services and improve our own decision-making.But it’s finding the right data, in a sea of data, that poses the biggest challenge to marketers. The increasing granularity of information we collect about prospects and customers requires a different approach to how the data is structured, stored, accessed and analysed.

Not only must CMOs find new ways of understanding and predicting the purchasing behaviour of prospects and customers with the data, they must be more analytics oriented to achieve actionable insight and strategy. The ability to extract information from operational data, in real time, is critical for modern marketers. The faster marketing teams can harness insights from data, the greater their advantage in driving revenue, reducing costs and increasing efficiency.

As a result of these demands, there is a new breed of marketing professional emerging who understands the methodologies of traditional marketing but also is able to apply the new science of data mining and analytics to make modern marketing operate much more effectively. This tech savvy, marketing hybrid understands that the key to success is how a business manages its captured data. This new CMO is more frequently turning to alternative models of data storage and structure to make the most of big data. As part of this shift, the selection of the right database has quickly become a decisive factor when it comes to processing, accessing and evaluating structured and unstructured information.

Utilising a modern architecture for big data is essential to dealing with both the data and the real-time analytics of modern marketing. Marketers are frequently turning to non-relational (NoSQL) technology for this purpose. This disruptive technology is well suited to the storage and fast access of unstructured data. At the same time, NoSQL unlocks the power to create and maintain a unified view of the customer – which has become increasingly important to marketers as customers expect a consistent experience, regardless of channel. NoSQL, with its flexible data model and elastic scalability, makes it easy to create a centralised repository of customer data.

In addition to the 360-degree customer view, NoSQL also allows for easy personalisation to make the right engagement with the right customer or prospect, at the right time. Central to personalised marketing is the ability to ingest, process, and utilise the amount of data necessary to create personalised experiences.

Choosing the right database allows marketers the ability to embrace new technology and utilise big data with less of the hassle involved with using legacy systems. With the potential to adapt to changes in the market and expand in size whenever necessary, NoSQL resolves issues of data management with little cost in terms of time and budget.

Please login or register to add a comment.

Contribute Now!

Loving our articles? Do you have an insightful post that you want to shout about? Well, you've come to the right place! We are always looking for fresh Doughnuts to be a part of our community.

Popular Articles

See all
Promote Your Blog On These 30 Places

Promote Your Blog On These 30 Places

Social Media channels are one of the best ways to promote your blog content, but you shouldn’t stop there. Besides Social Media, there are more available places on the web which can be a great marketing tool for your blog promotion. I’m bringing you 30 proven places where you can promote your blog content and get great results.

Aleksej Durdevic
Aleksej Durdevic 7 December 2016
Read more
Top 10 Digital Branding & Marketing Trends for 2017

Top 10 Digital Branding & Marketing Trends for 2017

It’s time to re-evaluate and rebalance the digital approach for your company. Here are the Top Digital Branding & Marketing Trends for 2017 to watch for. The probing minds at the Borenstein Group, a Top Washington DC Digital Marketing and Branding Agency, have done the homework for you. Use it or lose it.

Gal Borenstein
Gal Borenstein 7 December 2016
Read more
4 Important Digital Marketing Channels You Should Know About

4 Important Digital Marketing Channels You Should Know About

It goes without saying that a company can't do without digital marketing in today's world.

Digital Doughnut Contributor
Digital Doughnut Contributor 5 November 2014
Read more
What Mobile App Design Looks like in 2017

What Mobile App Design Looks like in 2017

They say ‘move with the time or the time will leave you behind’. Being a startup it is important for you that you understand the trends, and amalgamate them in your business in order to attain the targets.

Nasrullah Patel
Nasrullah Patel 6 December 2016
Read more
Digital Marketing Vs. Traditional Marketing: Which One Is Better?

Digital Marketing Vs. Traditional Marketing: Which One Is Better?

What's the difference between digital marketing and traditional marketing, and why does it matter? The answers may surprise you.

Julie Cave
Julie Cave 14 July 2016
Read more