Spotlight On: Data Connectivity
By MEC
The dream of turning big data into usable information is top of mind for marketers in today’s complex consumer environment. Fragmentation of the consumer experience only continues to increase as marketers try to grasp at any bit of data that will help them make sense of it all. It is overwhelming to say the least, and that is why so many marketers are looking to gain control over what seems to be a very chaotic explosion of data.
Technology is finally catching up to our dreams
The good news is that the dream of true data connectivity is now becoming a reality. With the availability of
more reliable cross-device, cross-channel data sources as well as the evolution of Attribution and DMP
platforms, it is now possible for marketers to leverage more connected big data than ever before
The bad news is the landscape of companies is flooded with possibilities.
Marketers can't afford to let confusion over partners stop them
The average company that MEC has seen invest in collecting, connecting, and analyzing individual level data
have or are expecting to see an increase of 10-20% in marketing effectiveness and 5-15% in efficiencies.
Therefore, the investment in data connectivity quickly pays off, and getting started can be quicker and less
expensive than many marketing professionals expect.
What is data connectivity
The term “Data Connectivity”, as MEC defines it, refers to the one-to-one connection of individual level
consumer and customer data through a universal and persistent ID. Cookie ID’s are still of great value for
connecting one-to-one data, but now with cross-device and cross-channel companies scaling, marketers
can more reliably identify a true individual and assign them to a persistent ID.
Driving confidence and actionability
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Connecting data at the individual level allows marketers to track an individual consumer’s experience as it relates to the brand in the most granular and powerful way.
- Leverage points for influencing the consumer towards the brand can be devised based on actual behaviors, whereas with aggregated or trended data, the points are based on speculation.
- Individual level survey data can also be connected to determine the attitudes behind the behaviors. When you track individuals, you can find the commonalities that matter the most across groups of like individuals allowing you to scale your marketing and media effectiveness in more meaningful ways.
To continue reading, please download Spotlight On: Data Connectivity (pdf 3Mb)