In Gartner’s 2020 Marketing Operations Survey, about 43% of marketing leaders cited they are still using spreadsheets or nothing at all to manage key marketing activities. Only 35% use a marketing work management platform to manage the work of the marketing organization. They are not focused on operational martech.
Efficiency isn’t a barrier. It’s an enabler.
Yet many of the problems that marketing leaders experience are a result of this gap in their martech stack.
Gartner clients often ask us to help them solve a myriad of operational problems with questions like:
- Can our marketing team become more efficient? If so, how?
- How do we become more strategic?
- Can we improve the visibility of the work?
- Can we add agility and operational martech to pivot and respond faster to market shifts?
- How can we justify more resources?
- What are the ways we can prove the value of marketing to the business?
The list goes on. In 2020, the most common words that arose during client calls as they were seeking help were:
- Speed: Our marketing organization must be fluid and deliver faster with greater speed and turnaround times.
- Responsiveness: Similar to speed, our marketing organization must become more responsive to the market to quickly meet consumer demand and shifts in shopping or buying behaviors. This includes marketing the right products and services at the right time in the right way using the right mediums.
- Accountability: Our marketing organization is expected to be accountable to the business through cost management, agency and media results, solid marketing strategy and more. We have to be accountable to the CMO. But we also must be more accountable to the business, internal stakeholders, the CFO and the CEO. The isn’t new but the stakes are higher.
Therefore, marketing leaders are doubling down on the marketing operations role and function. To support that and their teams, they are looking at missing pieces of their martech stack that help them manage the operational side of marketing.
This is true for small and large marketing organizations, those that are centrally managed and those that are global or more decentralized. Marketing leaders must get a grip on managing both an efficient and an effective marketing organization.
The marketer must review their martech stack to ensure it solidly covers the following:
- Creative Operations
- Content Operations
- Marketing Operations (which would include data operations)
These 3 are related and some martech are unique to each, and some can be common to all. Particularly when reviewing potential and seamless integrations. For example:
- Creative operations: A marketing work management platform integrated with Adobe Creative Cloud or Atlassian’s Jira
- Content operations: A marketing work management platform integrated with a Content Marketing Platform, a Digital Asset Management platform and a Web Content Management platform.
- Marketing operations: A marketing work management platform integrated with financial or budget scenario planning tools, performance marketing tools, CRM, analytics, or other marketing management tools.
Focus on Operational Martech
Making these additions and integrations in the operational martech stack will begin to solve many of the marketers operational problems. These solutions include a reduction in organization friction and drag, increase in communication and collaboration, and smoother operations.
Given all we have covered about marketing operations, it is dumbfounding that only a little more than half of respondents are using operational technology.
Efficiency leads to freeing up valuable resources to dedicate more time on value creation, strategy and insights. Plus, all the higher-level work that marketing organizations can’t seem to devote time to accomplish. Marketing organizations can no longer be reactive to market shifts. They must effectively capitalize on market opportunities when they arise.
Additional Reading for You:
Maximize Marketing Impact with a Marketing Operations Leader (On-Demand Webinar)
Market Guide to Marketing Work Management Platforms (GML Seat Required)