Data And Evaluation: How Marketers Can Leverage Their Data To Ensure A Strong End to 2023
By: Melis Ertem, MMA MENA Regional Director
For many children returning to the classroom this month, September evokes that back-to-routine feeling. It’s a familiar scenario for many adults as well, as they return to the office after a summer break. This period of time offers a chance to reflect on the past nine months, to assess campaign success and to prepare for the final quarter of the year. For marketers, these next two weeks are a valuable opportunity.
But what steps should marketers take? What data is going to be the most useful? And how do you leverage the results for a strong end of the year?
Centralize your data
It will come as no surprise that step one is to gather and centralise their data. Many have access to this data through their marketing techstack, others might need to go through spreadsheets. Wherever you keep your data, make sure to include channel data such as social media, email marketing, website analytics. Consolidating this information into a single, accessible repository is crucial. Utilising data integration tools and customer relationship management (CRM) systems can streamline this process, providing a holistic view of customer interactions.
Understand your data
Once your data is organised, it’s time to analyse it. Marketers should identify key performance indicators (KPIs) that align with their strategic goals. Analysing trends, customer behaviours, and campaign performance will enable you to fine-tune your strategy for the remainder of the year. This analysis should uncover valuable insights, such as which marketing channels are most effective, which customer segments are most profitable, and which products or services have garnered the most interest.
Optimize your strategy
With insights in hand, you can now optimise the strategy. This might involve reallocating budgets to high-performing channels, refining targeting criteria, or tailoring content to resonate better with specific audience segments. Data-driven decision-making allows for agile adjustments, ensuring that marketing efforts are aligned with evolving market dynamics.
Communicate your strategy
Finally, communication and collaboration within the marketing team are essential. Regular meetings to discuss data insights and strategy adjustments are critical to a successful end-of-year push. By fostering a culture of data-driven decision-making, marketers can leverage their data to ensure a strong end to 2023. In doing so, they’ll be better equipped to capitalise on opportunities and navigate challenges in the competitive landscape, ultimately driving growth and success in the months ahead.