Lately I’ve been struck by the messy, unintended consequences of the wrenching changes that the practice of marketing is going through. One such consequence is how hard it has become to get a big picture view of what’s going on in the marketplace, where your best opportunities might lie — whatever market your business or brand happens to serve.
We’re blessed with many choices, “bright shiny toys” to help us engage with customers, track and analyze online behaviors, tune up our revenue engines, tweak keyword strategies, monitor brand sentiment, listen in on customer conversations, optimize display advertising so it resonates with the best audiences. Etc., etc.
We’re inundated with analytics and data – but we’re confused by all the disparate piece parts, challenged by the techno-priests who pull the levers of the new magic black boxes. Each would have us believe that their black box is the one most important for market foresight or customer understanding. How do we make sense of all these complicated silos of marketing technology that compete for our time, resources and priorities, but were never designed to interoperate? Where are the people who can look across all these silos and help us develop actionable insights and programs from an integrated perspective? Where are the sense makers?
We’ve hollowed out the agencies, their top-notch intellectual talent is leaving for boutique firms. The economic downturn has savaged marketing budgets, and forced many talented, experienced people into unemployment or under-employment. We’re left with technocrats and specialists, people with deep but narrow insights. It’s hard to find people who can discern the patterns that cut across tactical silos and unrelated data streams, the golden opportunities to achieve lasting benefits for the business and its customers.
With all the “bright shiny new toys” that marketers and agencies now have our disposal, it’s all too easy to get lost in the weeds, and lose sight of what’s really important. Acquiring the right customers, engaging them in whatever ways are meaningful to them, and retaining them for as long as the relationship is profitable and beneficial to both parties. That’s what it’s all about.
Revised on June 4, 2010

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I just stumbled upon an article in AdAge that tackles this subject head on, triggered by a recent Forrester report on the need to reconfigure the client-agency relationship: http://adage.com/cmostrategy/article?article_id=143010