Openprise Study Shows a Lack of Confidence in Marketing Data Management Processes
Company Publishes 2018 Marketing Operations Benchmarking Report
San Mateo, CA – (April 24, 2018) – Openprise, the leader in revops automation for marketing and sales, today issued its 2018 Marketing Operations Benchmarketing Report. Openprise published the report after conducting a survey of 201 U.S.-based marketing operations professionals. On a scale of 1 to 5, with five being best in class, the survey participants were asked to rate their companies on ten data management processes, ranging from Data Cleansing, Account Based Marketing (ABM), and Account Scoring, to GDPR. A copy of the report is available at https://go.openprisetech.com/Marketing-Operations-Benchmarking-Report.html?utm_source=pr&utm_campaign=marketingopsbenchmarking. Overall, the report reveals that marketing operations professionals feel only moderately proficient in most marketing data management processes, as they didn’t rate themselves higher than 3.9 out of five, with five being the best.“We thought marketing operations professionals would score themselves significantly higher on some data management capabilities than others, so these results surprised us. The fact that marketers didn’t identify any strong suit tells us that they’ve got their work cut out for them, and it validates the need for a revops automation platform that can get the job done consistently and automatically,” said Allen Pogorzelski, VP of Marketing at Openprise.
ABM Has Come of AgeA surprise was that ABM claimed the second highest overall score across all ten data management capabilities, at 3.53 out of five, suggesting the coming of age of ABM programs. ABM has been the talk of the town for a few years, as its targeted approach has proven capable of delivering impressive ROI. According to the survey findings, marketers from medium-sized companies felt the best about their usage of ABM, as they scored a collective 3.73 out of five, with five being the best.
Marketers Felt Fairly Confident About Data Cleansing
The poll indicates that marketers across all company sizes seem relatively confident in their ability to data cleanse (fix typos, capitalization, and other incorrect data), which is critical for success in a wide range of marketing processes including lead routing, lead scoring, segmentation, and attribution. On average, they rated themselves 3.82 out of 5, with five being the best, on data cleansing, which is higher than all the other capabilities the survey explored.
Data Enrichment is a Crucial Starting Point
If you don’t get data enrichment right, it’ll all go downhill from there. The report showed that marketers who gave themselves a low score on data enrichment, also scored low in other marketing processes, including lead-to-account matching, lead routing, ABM, advanced segmentation, and GDPR compliance. The ABM numbers were the most telling: 51% of those who scored one—which is the lowest rating—on data enrichment, also scored one on ABM; similarly, 50% of those who scored 5—the highest rating—on data enrichment, also scored five on ABM.
Account Scoring and Lead Scoring Are Now Equally Common Practice
The report highlights that marketers still scoring only leads are behind the curve as 85% of the marketers surveyed scored leads and just as many scored accounts. That said, survey participants seem to feel slightly more confident about their lead scoring ability, which polled at 3.37 out of five, compared to 3.25 out of five, on account scoring. Surprisingly, despite the fact that small companies with fewer than 250 employees are likely to have fewer leads and accounts to score, they rated themselves much lower on both, compared to enterprises with over 5,000 employees. One reason for this could be that lead and account scoring require volume to adjust and improve, which gives large companies an advantage.
Methodology
Openprise’s 2018 Marketing Operations Benchmarking Reportis based on an online survey of 201 U.S. based marketing operations professionals from companies with a minimum of 250 employees. The survey was conducted in March 2018. Download the full report at https://go.openprisetech.com/Marketing-Operations-Benchmarking-Report.html?utm_source=pr&utm_campaign=marketingopsbenchmarking.