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Clearing the Marketing Cloud Fog – Adobe Completes Neolane Acquisition

Digital Strategy, Disruptive Technology, Marketing

When I began researching the marketing automation market late last year, it seemed like a crowded market. It seemed clear at the time that the competitive fog produced by the various marketing platforms was obscuring the very real benefits that technology delivers to marketers, and that the end result would be consolidation.

Yesterday, Adobe helped clear some of this fog by completing its acquisition of privately held marketing automation vendor, Neolane. What impact will this have? My news analysis can be found here – and the official release here.

From a platform point of view, Adobe is filling the gaps in marketing technology arsenal, with:

Analytics – the data and data crunching at your fingertips
Target – personalisation and targeting
Social – executing and measuring social marketing programs
Experience Manager – cross platform content digital asset management and optimisation
Media Optimizer – managing and optimising cross channel campaigns

And with Neolane joining the Marketing Cloud offering, Adobe is aiming to be the marketing technology partner of choice. Expect to see more activity in this crowded market.
Image: Kevin Dooley via Compfight

Vibewire’s #fastBREAK – Take Action

Conferences, Creativity

On the last Friday of every month, Vibewire in partnership with the Powerhouse Museum, hosts fastBREAK. Now in its third year, fastBREAK has become an essential part of the Australian creative industries scene – providing a vital showcase for young innovators, artists, creatives and entrepreneurs. The event attracts an eclectic audience, with artists mixing with business people, ballerinas rubbing shoulders with bankers and social entrepreneurs sharing breakfast with venture capitalists and investors. And most importantly of all, it is an event that encourages cross-generational conversations – where people of all ages are inspired to network and engage, fuelled by powerful ideas, great coffee and a creative breakfast from the Black Star Pastry.

Join us for fastBREAK: Technicolour

The next event is scheduled for 26 July and will have the theme “technicolour”. It promises to be provocative and stimulating:

Since the invention of Technicolor in 1916, the world of cinema and television have been brought to life with vivid contrasts and saturated colours, infusing both life and character into the film reel and captivating the imaginations of both adults and children around the world.

By injecting their own character and perspective into real life scenarios, some have been able to bring more colour into the lives of others. Now, that same passion and imagination is being brought back to life through the efforts of this month’s fastBREAK speakers.

You can pick up your tickets here – it’s the best $10 you’ll spend in Sydney.

Adobe Symposium Sydney – Sets the Eagles Amongst the Clouds

Conferences, Digital Strategy, Disruptive Technology

Over the last few years, Adobe has been quietly acquiring companies, building and extending their enterprise focused suite of products and – to some surprise – integrating and consolidating their marketing software into a powerful “marketing cloud”.

At today’s digital marketing symposium, Adobe showcased much of this hard work – with products that are focused around their four pillars:

Listen
Predict
Assemble
Deliver

They have done the hard work of consolidating the various platforms into a cohesive and comprehensive offering built around marketing roles and functions. But of course, recent acquisitions like marketing automation platform Neolane takes all this to a new level. I fully expect to see a new pillar – “automate” – being added to the pillars in the next 12-18 months.

I will look to take a deeper dive into each of the aspects of the marketing cloud, but this Storify captures the events of the conference – from presentations to case studies and demos. I even tried out Vine as a way of capturing some of the demos.

But one thing is clear in amongst all the hype of the day and the power of the presentations – Adobe’s marketing cloud takes enterprise software to a new UI level. And the promise of the integrated offerings will have traditional marketers wanting to go digital and digital marketers needing to know more about traditional approaches.

Data-Driven Code of Practice Updated

Digital Strategy, Marketing

There has been a great deal of change in marketing practice over the last decade. There are new channels like social and mobile, new technologies like apps and new ways to measure effectiveness.

To take account of the changes, ADMA is kicking off a consultation process to engage marketers with the aim of updating the ADMA Code of Practice by the end of the year. You can participate in a two minute survey on the code here.

Key points to remember:

ADMA’s existing Code was developed in the late 1990s to address issues around telemarketing and fair trading. The Code needs updating for the self-regulatory challenges facing marketers using new data-driven channels, techniques and technologies.
Data volumes are growing exponentially and this is giving rise to renewed privacy and data security challenges that can be addressed via the Code.
With new privacy laws about to come into effect (March 2014), a revised Code will enable ADMA to establish best practice under the new privacy regime and help members ensure they are meeting their legal requirements.
The revised Code will become an enabling tool for marketers and advertisers committed to excellence in customer data management in the era of “Big Data”.

Kevin Dooley via Compfight

Don’t Market Like it’s 2003. Get With the Program

Digital Strategy, Disruptive Technology, Marketing, Mining the Gold, Mobility

Over the last six months or so, I have taken a deep dive into the world of Marketing Automation, Digital Disruption and Mobility and Marketing Trends. And with every report, I see evidence of the situation playing over and over again – there is a growing distance between business and customers. It’s not just a gap anymore – it’s a chasm:

In reality, we are not really dealing with a gap. It could be better described as a “mismatch” – after all, a “gap” would indicate some alignment. But the problem for brands is that the distance between the two sets of expectations [customers and businesses] is growing.

The pressure in this relationship rests firmly with the marketing team. Digital and social media has not only transformed the way that most marketers work, it has significantly added to the process of marketing. There’s so much more technology involved, more analytics, reporting and monitoring. There are more agencies to deal with and more relationships to manage. And targets. And budgets. And so on.

So the title of Mitch Joel’s new book struck a chord with me. Ctrl Alt Delete – we certainly need a reboot in the world of marketing. Let’s take a look at just a couple of the mind blowing stats he starts with:

14% of businesses are not prepared to deal with the speed of today’s competitive landscape. Think about it. What happens to them? Do they just disappear Kodak-style? What happens to their customers and their employees?
74% of businesses don’t have a plan to stay competitive in the mobile world. How many nimble competitors are already eyeing the potential markets that will become available?

The cost of entry to existing markets is so much lower than the cost of TRANSFORMATION. This is why new business models and disruptive competitors are able to quickly gain traction in YOUR markets. Here are a few ideas that you can use to help you cope:

Start a customer conversation: Who are your customers? I don’t mean “segments” or “personas” … I mean “real names”. Run a quick check over your records and identify 10 of your best customers and 10 of your worst. Reach out to them and ask them what they like and don’t like about you. See what you can fix and what you can do more of.
Run a poll on your website: Get feedback on one or two of your products by running a poll on your website. SurveyMonkey is great – or you could just use Twtpoll. You might be surprised about what you learn.
Dig into your website analytics: Don’t tell me you haven’t even installed Google Analytics on your website! If you haven’t, do so. It’s easy. And if you don’t know how, ask Twitter. Once you have stats coming through, look up “Traffic Sources” and learn about how your customers find you. Look at the search terms they use and the links they click to come to your site. Are you solving the right problems?
Make your website mobile friendly: “Responsive design” is a hot topic at the moment. But most of the robust content management systems have responsive design templates or plugins that can be easily added to your site. At the minimum, add responsive design templates/capabilities to your blog – after all, Google Analytics will show you that about 25% of traffic comes from mobiles.
Start or update your blog: What? Still no blog? That’s so 2003. If you haven’t started a blog, it’s never too late to do so. Start today (just check out IBM’s cool Tumblr as an easy-to-run example). Download WordPress and get going. And if you have a blog that hasn’t been updated for months, write a post and link to this article. Explain you are getting back on the bandwagon because you WANT to hear from your customers.
Go social: Whether you like it or not, social is here to stay. But you need to get your hands dirty. Setup an account on Twitter or on Facebook. Do a little stalking to find out what your customers are talking about. Connect and slowly build out a strategy. Be sure to own that strategy – and don’t delegate it to the intern. Make it part of your business and use it to learn more about your customers, partners, suppliers and even employees. CEOs all over the world are doing it, why can’t you?

25+ Mind Blowing Stats About Business Today – CTRL ALT Delete from mitchjoel

La Gustadera, G0! 1986. Diseño revista Vectores

Javier Eduardo Piragauta Mora via Compfight

Mid-Year Digital Marketing Trends 2013

Customer Experience, Digital Strategy, Disruptive Technology, FutureVisions, Marketing, Research Report

As we begin to ramp up our efforts for the second half of 2013, it’s always worth taking a moment to reflect on what has emerged, what is emerging and the gaps that are becoming obvious in our marketing strategy and tactics.

For me, one of the things that has solidified is the notion that consumers are not only king, but the entire universe. As such they have become the centre of gravity around which brands now orbit.

Understanding and navigating this new “consumerverse” is a core requirement for any marketer.

My snapshot report on Succeeding in the New Consumerverse reveals four strategies to help marketers win in a state of disruption as usual:

The shift from participating to serving with purpose
Becoming connected and connectable
Realising that channels are dead
Embracing tech sector innovation

And if you would like to learn more about how this connects to real businesses, some of the interesting proof points that are emerging and how businesses can embrace disruption as a business imperative, take a look at my interview with Which-50’s Andrew Birmingham.

Travel Like a Local – AndableTV

Life, Videos

Travelling for business can be pretty boring. Once you fight off the jetlag and close out the meetings, many business travellers find themselves hanging out in their hotel. In the bar. In the lounge. Or in the room.

It’s almost the opposite of being social.

But what if there were ways to tap into the local community? What if you could find and meetup with others who share your interests? That’s where various forms of social media can really transform your travel experience.

This episode of the new AndableTV channel looks at things you can do to travel like a local. There are some great ideas to try out on your next trip. And there’s more to come on the AndableTV sustainable living channel. Be sure to subscribe.

Al Fed via Compfight

News Analysis: Adobe Acquires Cross Channel Marketing Expert Neolane For $600M

Digital Strategy, Disruptive Technology, Marketing, Research Report

On June 27th, Adobe announced a letter of intent to acquire Neolane for $600M. Neolane is a privately held, French-headquartered marketing automation software company with 47 of the top Fortune 500 companies as customers.

Marketers are thinking less about “digital marketing” and more about how to market in a world driven by digital engagement, interaction and commerce. The shift to digital has seen 20% of ad spending move to the digital domain, and is expected to reach over $50 billion in the US by 2015. And with 64% of advertisers planning to increase their paid social media ad budget and strong overall ad budget growth expected through 2015, the need for cross-channel analytics and automation is becoming pronounced.

For existing customers of Adobe, this has become a whole lot easier from today. With the announcement that Adobe is to acquire Marketing Automation leader, Neolane for $600 million in an all-cash transaction, real meat has been added to the Adobe marketing automation bone.

Forming part of the Adobe Marketing Cloud, integration plans will begin from today with the transaction expected to close in Q3 2013.

Marketers may not realize it yet, but the only way that they can deliver on their customers expectations is to begin investing not just spending. And a core part of this investment through 2015 is to establish scalable marketing platforms, that deliver right time insight, robust analytics and cross-channel capabilities.

What this means for Adobe

Powerful segmentation, cross-channel segmentation augments the Adobe Marketing Cloud.

The consumer master data record was one of the major benefits of the Neolane platform. Combining anonymous and known data will connect the dots between customer data, activity in channel and behaviour which is where the Adobe Marketing Cloud’s sweet spot lays.

The fact that Neolane also operates from a single, unified code base has obvious integration appeal from Adobe’s point of view. This should allow a more rapid integration of the Neolane functionality into the Adobe platform.

Neolane’s strong client base also provides Adobe with a stronger route to market in EMEA. The Neolane team will continue to report into CEO Stefane Dehoche. Stefan will report into Brad Rencher.

What this means for Neolane

Neolane’s strong business performance in 2012 – with 40% consolidated growth – largely led by North American market push – will benefit from the acquisition. This deal extends the Neolane footprint providing access to the Adobe partner network. This will help the push into the large/enterprise segment and see the Adobe Marketing Cloud go head to head with Salesforce, IBM and Oracle.

What does this mean for customers?

In Constellation Research’s Scaling Up with Marketing Automation Software – market overview report, Neolane was consistently ranked among the leaders in the industry. The gaps in their offering dovetail neatly with the strengths offered in the Adobe Marketing Cloud and combined, they represent a powerful change in the industry landscape.

Combine this acquisition with the recent Marketo IPO and Oracle’s purchase of Eloqua, and it shows not only consolidation across the market but a strategic strengthening of the offerings in the marketing platform space. With this deepening will also come a maturing in the market both in terms of platform buying and process automation.

One record to rule them all. Connecting the dots between known and unknown customers delivers significant value not just to marketers but to a whole business. Bridging the various social, digital, customer service and sales profiles that are required by the modern enterprise has contributed to the fragmentation of roles and the wasting of budgets. The use of a customer master data record opens the door to the “whole of customer” view which is not just an aspiration – but is like the marketer’s ring of power.
Lead nurturing and scoring reduce funnel leakage. In complex sales cycles, the buyer’s journey can take months or even years. Reducing funnel leakage through automated scoring of prospects against customer segmentation data and audience profiling provides light touch marketing that can increase lead quality and improve yield on marketing campaign investment over time. The new Adobe Marketing Cloud – combining the strength of Neolane with Adobe Analytics – provides marketers with the decision-ready analytics that help optimize cross-channel marketing programs
Consistency of user experience drives adoption: Business users already familiar with the logic, systems and interface of the Adobe Marketing Cloud will be able to transition easily to the integrated suite. Existing internal supporters of the platform become change advocates and further spur internal adoption and rollout through enterprise marketing teams. This, in turn, will lead to accelerated ROI
Connecting the Creative and Marketing Clouds: The widespread use of Adobe Creative Cloud in the execution of marketing campaigns has the potential to make the job of marketing execution much more streamlined. And in a world of right time and near-real time marketing, combining the creative and marketing clouds could provide not only market leading responsiveness – but game changing competitive advantage
Accelerated return on investment: With change champions and wider acceptance within the user community, organizations see accelerated return on investment (ROI) as use cases proliferate and uptake is spurred.

What does this mean for consumers?

Today’s connected consumers don’t care about a business’ digital strategy. They don’t care about your mobile strategy. What they care about is the products and services that are delivered and the consumable experience that is packaged as part of that delivery. The promise of marketing platforms is that some of the clunkiness of branded experience will disappear – and that the experience will become seamless and ubiquitous. Removing the friction in the customer experience is transformative.

What else can we expect?

For some time we have been tracking the shift away from the B2B and B2C classifications of marketing to what is essentially peer-to-peer (P2P) marketing. While this is essentially an innovation driven by consumers, this kind of acquisition helps marketers to respond to that market demand.

Like all acquisitions, the success of this will be driven by the ability of Adobe to integrate the substantial benefits and features that Neolane offers. As the deal closes and new combined product roadmap begins to take shape, this combined offering represents significant upside not only for existing Adobe and Neolane customers, but for businesses seeking greater value from their marketing investments.

Full Press Release: Adobe to Acquire Neolane

Blog from Adobe SVP, Brad Rencher, sharing his perspective on the announcement: Advancing the Marketing Cloud with Neolane

Announcement FAQ: Acquisition FAQ

Trey Ratcliff via Compfight

Digital Ad Spend Grows But What About the Investment?

Advertising, Digital Strategy, Infographics

When I look at infographics, I am looking not just at the facts and figures (boring) – I am looking a the underlying story. I want to understand what is taking place behind the numbers. I seek insight and connection between the sources of information, the behaviours of the industry and opportunities for the future.

So this infographic from Invesp, fired up my neurones.

Summarising the state of play for the digital advertising industry globally, it shows just how dominant Google remains in the face of challenges from social networks. A staggering 42.6% of ad spending finds its way into the search giant’s coffers, while Facebook, Yahoo! and Microsoft duke it out for less than half of that combined.

From an industry point of view, growth in digital advertising indicates a certain level of health. It shows that digital has firmly moved out of the experimental mode and is now a core part of a marketer’s arsenal. But it also raises significant questions – after all, if spending is increasing, are we also seeing a rise in investment? And by investment I mean:

Evaluating and implementing marketing platforms and technologies: Pumping more budget into digital is going to also shift the focus towards digital engagement. After all, a digital call to action can result in a click, a download, a sale and so on … and if that is the case, what investments are marketers making in terms of marketing platforms and systems of engagement? Which platforms are you evaluating for marketing automation or social media management? How are you tracking conversion, monitoring the velocity of online conversation and improving rates of conversion? CMOs should evaluate their marketing processes and look for automation opportunities.
Building the capacity and experience of your teams: The digital marketing skills gap continues to widen. For decades, marketers have been forced to do more with less – and now as the demand for digital skills accelerates, many CMOs find themselves responsible for teams who have transitioned from into “digital” from more “traditional” marketing fields. This has resulted in teams with limited or poor digital experience, basic skills and little time to build capacity. CMOs should carry out a Digital Skills Audit as a matter of priority.
Investing in customer engagement strategy: Much of our marketing strategy is built around maximising the value of channels. It’s time to stop this nonsense. We need to map customer journeys and then invest in engagement that adds value to the customer experience at key “moments of truth”. This means stepping away from the channel. Even if that channel is “digital first”.

Have your say

What have I missed? What have I mis-read? What else needs to be improved?

Bridging the Social Chasm

Digital Strategy, Disruptive Technology, Future of Work, FutureVisions, Social Business

When IBM’s Center for Business Value released its 2011 report into the relationship between social media, marketing and brands, it revealed a “perception gap”. On the one hand, marketers had an understanding that their connected consumers “wanted” or even “expected” a certain style of interaction through social media. And on the other hand, there was the hard reality of what those customers actually wanted. The gap between the two was the distance between two competing realities.

But is anyone listening?

In reality, we are not really dealing with a gap. It could be better described as a “mismatch” – after all, a “gap” would indicate some alignment. But the problem for brands is that the distance between the two sets of expectations is growing. We are now dealing with a widening chasm in the world of customer experience.

Two years after IBM’s original report, even a casual investigation of most branded social media would indicate that the chasm is becoming more pronounced as brands continue to shift their marketing spend and resources into digital and social media (Gartner’s US Digital Marketing Spending Report indicates that 25% of the marketing budget is now devoted to digital).

But when it comes to business effectiveness, more budget is not necessarily always the answer (though there would be few marketers who would refuse an increase, I am sure). To bridge the social chasm, business must begin to re-think, re-action and re-calibrate their organisational approach to social:

Re-think: Start with what you know. Create a new social baseline and audit all your activity for assessment. Real time analytics and dashboards such as those from Anametrix can provide the kinds of decision-ready data that is essential to informed decision-making
Re-calibrate: If you have started a social business program in the last two years, it’s now worthwhile assessing its impact. Have you achieved the original milestones? Has the program had the kind of impact that you expected? Take a look at R “Ray” Wang’s 50 use cases that help demystify social business and think through the business processes and workflows that are business critical. Are your social programs impacting business results? If not, it may be time to recalibrate.
Re-action: This is no time for social business fatigue. No one ever said that change was easy. And equally, no business achieved competitive advantage by being complacent. It’s time to re-action the business programs that are core to your strategy.

What’s your experience?

Interestingly, this recent workplace research study by Microsoft revealed that there is also a chasm between business management and the workforce. Teams not only expect or demand more collaboration – about 17% of people are actively ignoring IT policy and installing social tools independently. This is delivering some value to the business – with 60 percent of participants in the Microsoft study indicating that their use of social tools has increased productivity – but this would be a far cry from the billions of locked-in value that McKinsey Global Institute’s 2012 study revealed.

If businesses can’t work to unlock the value in the low hanging opportunities within their own business, how long will customers have to wait?

It seems like there are whole industries on the brink of disruption. Social may not be the driving force, but it could be the trigger.

Microsoft Social Tools in the Workplace Research Study by Mark Fidelman