In this week’s episode of In-Ear Insights, we eavesdrop on our MarketingProfs B2B Forum session talk about AI and analytics. When only 30% of CMOs use the analytics their organizations generate, and 70% of companies ignore their data, we know there’s plenty of room for improvement. Tune in as we explore AI and how it’s changing the value proposition of marketing analytics.
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https://s3.amazonaws.com/cspenn-podcast/aianalytics.mp3
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Machine-Generated Transcript
What follows is an AI-generated transcript. The transcript may contain errors and is not a substitute for listening to the episode.
Thank you very much. Good afternoon, everyone. Alright, so this
is the food coma slot, we have intentionally lower the room temperature by 15 degrees, just to make sure
that the carbohydrates don’t get the best of, you know, actually, they are going to try and make it slightly warmer. But just a little.
today’s talk is all new. What is in the app is not correct. So if you’d like a copy of the slides, you can go to the aptly named Where can I get the slides.com to get the slides
and you don’t need to take a picture of its Where can I get the slides.
So let’s talk about analytics. Specifically. Let’s talk about the problems we have with analytics, b2b,
b2c, marketing sales doesn’t matter
we have five problems with analytics these are the five these volume variety velocity
veracity value. Come on in find a seat.
The first problem we face is a volume problem. The amount of data that is coming at us is hitting a record numbers right now this year according to Seagate, and IDC, we as a civilization will create 30 zettabytes of data.
Now zettabytes is a really really difficult number to get your brain around because it sounds like it’s made up it actually isn’t made up if you were to start binge
watching Netflix start binge watching Netflix in the EEOC in area 55 million years ago and he didn’t stop for anything.
You would just about get to one zettabytes of data today that’s how much a single zettabytes and we’re creating 30 of these year what’s going to happen in the next seven years is even more astonishing. All these lovely devices that we own that I have sensors and everything we could possibly put them in are going to create 120 zettabytes a year by 2025.
Some of that’s going to find our way into marketing data. But even on today’s practical skill.
How many of you have ever tried to download Facebook’s analytics from your Facebook page? Is that fun? You get a spreadsheet with 14 tabs. Right. This is the lifeblood is very, very difficult to use. So volume is our first problem. Our second problem is a variety problem. The amount of types of data we are running into is continuing to grow and expand
in just 60 seconds on the internet. In 2017, we had things like 16 million text messages, 452,000 tweets, 15,000 gifts and messenger
3.5 million search queries in in 20 1818
million text messages. 266,000 hours on netflix. 1.1 million swipes on Tinder I’m guessing mostly left.
as marketers though, we have an even bigger, more pressing problem. How many people love this landscape by Scott Brinker with 8000 marketing technology companies audit. The problem isn’t the two companies. The problem is every single one of these bloody companies has their own analy