Many readers of the report will be most interested in the vendor profiles and survey-based rankings. But I have my own data on those, so I’m more interested in the answers to the general survey questions. These asked why people implement marketing automation, what challenges they face, and what contributes to success. The survey compared answers from top-performing marketing automation users with answers from everyone else. This gives especially interesting insights (or should I say...GLEANSIGHTS) into the differences between sophisticated users and their less experienced brethren.
Here are some highlights – please look in the report itself for details.
Reasons to Implement: top performing companies listed higher revenue, better leads, and more leads as the most important reasons to use marketing automation. All other companies also listed revenue and more leads in their top three, but their most common answer was decreased marketing costs. By contrast, marketing efficiency ranked fourth among top performers and much lower among all others.
My interpretation is that top performers have learned that marketing automation might make you more efficient but won’t actually reduce your total marketing budget. Other, less experienced companies that expect cost savings will probably be disappointed. If anything, marketing automation will probably increase their marketing spend – hopefully with an even larger improvement in the revenues and leads to compensate.
Value Drivers: Both groups agreed that the two most important predictors of marketing automation success are cooperation with sales and ability to measure return on investment. But the top performers' third item was easy-to-use system while the others chose adequate staff training. This is a really interesting divergence.
The Gleanster people tell me that many of the top performers are now using their second marketing automation system because their first was too hard to use. In other words, this is the voice of experience, and that voice is saying that training by itself can’t overcome a difficult system. Less-experienced companies who are relying so heavily on training may find it's not enough. But let’s not overstate this point: training is certainly necessary for success even if it’s not sufficient. Perhaps the top performers discounted training in part because they already had a lot of it.
Back to the data. Both groups rated having an analytical culture as the fourth-most important value driver, while listing outside help, change management, and organizational resources as the least important.
These answers shed important light on the on-going debates about how marketers should approach their automation deployments. The message is clear: success depends on a marketing department’s own skill level, not on outside resources. A marketing department that pays attention to sales needs, carefully measures ROI, and makes fact-based decisions will succeed with marketing automation just as it probably succeeded without it.. A group that hasn’t mastered those basics won’t succeed at marketing automation no matter how much training, change management, and external assistance it brings to bear.
Challenges: Gleanster didn’t send me responses to this question broken out by top performers vs. all others. For the combined group, the top two challenges cited were data quality and creating content; the next three were poor marketing processes, lack of staff, and selecting metrics. These are all factors controlled by the marketing group. The lowest ranking factors were all the external ones: organizational culture, senior management mindset, lack of IT support, and lack of funding.
This is consistent with the previous answer: marketers create their own success. Marketing automation is just a tool. It will help a well-run department work better but can’t save a poorly-run department from itself. Massive re-engineering isn't necessarily required to deploy marketing automation, but departments that lack a solid foundation need to build one before automation can do them any good.
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