August 15, 2007

Off To Pursue New Adventures

The time has come for me to leave Forrester and pursue other adventures. The last five years have been phenomenal. My fellow analysts, my teammates, and the clients I work with have all inspired me to reach outside my core competencies, extend my thinking, and develop new strengths.

This is an incredibly exciting time in the world of marketing and I look forward to figuring out my next steps. After I get the kids back to school I plan to do some independent work for a while as I meet lots of companies and weigh permanent options. Ultimately, I expect to connect with a strong team that shares my ideas and ideals to deliver products and services that addresses key challenges that marketers face head on. My passion is data-driven (and customer-focused) marketing -- I never could pick the easy path -- and my goal is to make it work.

After Friday I can be reached at elanaanderson@gmail.com

See you on the other side!

August 27, 2006

Salesforce.com Launches Salesforce for Google AdWords

Last week, Salesforce.com announced another acquisition from within its AppExchange network. Kieden which was founded in January 2006 – yes, 2006! – is now Salesforce for Google Ad Words. More power to the four guys that founded the company! They built an app that allows users to create, manage, and measure search engine marketing campaigns within their Salesforce application. The app integrates directly with Google and results are tracked within Salesforce. Salesforce is currently pitching a free 30-day trial offer and plans to offer the service at $300 monthly.

   

This is great new development that will undoubtedly be useful to many Salesforce customers. But, does Salesforce pose a threat to all of the marketing technology specialists out there? I think not. At least not in this decade.

    

Customer data – organized in a manner conducive to slicing and dicing, segmentation, and targeting – is crucial to marketing. Moreover, marketers agree that they need more comprehensive technology solution that helps them: 1) integrate marketing programs across channels and lines of business; 2) optimize their customer contact strategy and customer interactions; 3) improve collaboration program efficiency; and 4) measure performance across the marketing mix. We call this the Marketing Technology Backbone. Salesforce.com does currently – and appears to have no designs to – provide this framework for marketing.

    

But, nonetheless I find the Salesforce AppExchange fascinating and believe it offers a critical lesson that current marketing technology leaders would naïve to dismiss lightly. That is: Salesforce.com has dramatically increased the software innovation cycle. Traditionally, new technologies emerge, they achieve some measure of success, they are acquired, and then the nightmare to integrate the platforms ensues. Best case, the process takes five years. Did I mention that Kieden was founded in January 2006! Now, with the acquisition, there’s no integration required -- a little rebranding and that’s it.

   

Marketers are always looking for the next thing that will help them differentiate the way they approach their audience. In my opinion, the vendor that figures out how to provide a framework that integrates the marketing process while enabling marketers to “plug in” new features, functions, and extensions will ultimately win the marketing technology race. What does this vendor need to “own”? The customer data layer, a consistent way to define and roll up marketing activities, campaigns, and programs, the marketing plan, the marketing calendar, marketing measurement, and so forth. All of the design and execution tools that leverage the customer data can fall within “the network.”

   

So what marketing technology firms are taking this approach? Few to date. One example is Omniture which announced its Solution Network back in March. But, in my opinion, this is the future and it gives hope that The Marketing Technology Backbone may, some day, be a reality.

      

Thoughts?

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August 22, 2006

Ok, so I’m a mercenary!

Everyone is asking me why I don’t post to the blog more often. Sigh! Five key reasons:

#5: I couldn’t figure out how to use TypePad

#4: All this time I thought that “blog” was a mathematical function

#3: I am a wee bit of a skeptic (there, I said it!)

#2: I am sooooo busy – a beleaguered working mom (two beautiful girls – 7 and 4)             

And the #1 reason --- drum roll --- no one was paying me to do it!

I’m a mercenary, what can I say… For the next month I’ll be moderating a blog -- The Marketers’ Consortium -- sponsored by Unica. Each month a new moderator will lead discussion around the key challenges and opportunities that senior marketers face today. I’m the first moderator, but I will be followed by marketing notables including Don Peppers, Pat LaPointe, and Elizabeth Roche.

                     

I am really excited about this! In a world filled with stodgy enterprise software vendors, I think it’s a pretty gutsy move and investment on Unica’s part and I’m thrilled to be a part of it. My content focus over the next month will be all about how marketers are using technology to establish more relevant, interactive customer dialogs and to improve marketing effectiveness. So, please come check it out, join the discussion, and help make me a believer in the power of the community!

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August 11, 2006

We're looking for a rock star

Our marketing empire is growing! We're looking for an analyst who will lead Forrester's coverage of database marketing and database marketing services. If you:

  • Are passionate about data-driven marketing
  • Are a strategic thinker who is not afraid of detail (and doesn't get mired in it)
  • Thrive on working in a high energy environment with lots of super smart people

Then we want to talk to you! Check out the position description and apply.

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May 24, 2006

Epiphany Gets Rolled Up – Again…

Last week SSA Global — which acquired Epiphany in August 2005 — announced that it will be acquired by Infor. Who is Infor? Frankly, I know virtually nothing about the company. But, my colleagues that cover the ERP market tell me that this acquisition makes Infor the third largest ERP vendor behind Oracle and SAP. The company claims nearly 25,000 customers in 100 countries and focuses its efforts on the manufacturing and distribution industries.

This latest acquisition does not bode well for Epiphany’s marketing IP or for the world class brands in industries like financial services, telecom, and retail clients that currently rely on the marketing apps. When SSA acquired Epiphany, it said it planned to continue to cater to high end direct marketers and would pursue Epiphany’s roadmap for the next release (v7.0). At the time, our assessment was that the product strategy was at odds with the SSA’s own trajectory. We also expected the number crunchers that ran SSA would eventually figure this out and refocus the roadmap and positioning of the marketing applications. Infor’s acquisition of SSA Global reduces Epiphany and its customer base to an even smaller fish in a much larger – and more foreign – sea.

As an ERP vendor focused on the manufacturing and distribution industries, it’s safe to assume that Infor does not understand the needs of high volume direct marketers. Furthermore, most of the stars that remained loyal to Epiphany over the years – through good times and bad – are gone. If Infor retains Epiphany’s marketing application assets (the key products now called: Outbound Marketing and Inbound Marketing) within its product family, the products will degrade, the blue chip customers will leave, and the IP will ultimately be worthless.

There is a ray of hope. Infor is a portfolio company of Golden Gate Capital and Summit Partners. Golden Gate came to the rescue of Blue Martini Software last year when it acquired the assets and rolled it into Ecometry. Summit backs the likes of Hyperion. My point? The smart people at these firms understand a little something about marketing and analytic applications. We think Epiphany has valuable IP which includes top notch interaction management tools, well-integrated analytics, and a solid campaign management. The most positive long term scenario for all parties is to peel off the marketing applications (they’re not well integrated with the sales and service applications anyway) and establish a new marketing software company or sell them off to another buyer with a more complementary product offering and customer base.

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May 09, 2006

Don’t Confuse Integrated Marketing With Multichannel Marketing

After a week that included no less than three conversations about the difference between “integrated” and “multichannel” marketing, I felt the need to raise the topic here. Most experts and practitioners generally agree that integrated marketing is more than mere coordination of the marketing message across channels. Way back in early 2003 we too noted this. In The Essentials Of Integrated Marketing, Forrester defined the next evolution of integrated marketing as:

Weaving together digital and physical channels to engage consumers' emotions, deliver brand experiences, and form ongoing relationships.

Fast forward more than three years to today and compelling integrated marketing case studies are still few and far between. Why?

We think it’s because true integration of the marketing process requires that firms make a philosophical shift in how they approach marketing. Today, most marketing organizations have three centers of power that vie for predominance: brand marketing, direct marketing, and interactive marketing. Furthermore, these functions are all goaled and measured differently – often with competing metrics. Of course, reorganizing marketing to inherently support an integrated approach is easier said than done. As Pete Kim pointed out in our conversation: “inertia is easy – it’s much easier to stick with the status quo than to risk failing.” We’re not going to let Pete off the hook that easy, however. Stay tuned for his new research later this quarter that will focus on how the role of marketing needs to change to meet corporate demands, capture the voice of the customer, and ensure ongoing innovation.

In the mean time… As you try to better integrate your marketing efforts, remember some of the basics:

Different media have different strengths. A few of us recently attended a Webinar on integrated marketing best practices. The presenter shared a case study in which a high tech manufacturing firm executed a campaign for a new product launch. The campaign incorporated print, Web site, email, and online ad tactics. The message and the creative were consistent across all of these elements. Unfortunately, this firm missed the critical fact that different media have different strengths. For instance, TV can be great at eliciting an emotional response whereas the Web is good at engaging visitors in an experience and the human interaction of the phone can help build relationships.

Point to the next step in all communications. The other thing this high tech firm failed to address in the program that consumers use different media and channels at various stages of the buying process. If a consumer clicks through a paid search ad and sees the same exact message on the landing page, then an opportunity to push the prospect forward in her consideration cycle has been squandered. Marketers must make it easy for consumers to follow up on their heightened interest.

There is no technology silver bullet. Eager to capitalize on market hotspots, technology vendors are messaging heavily about their integrated marketing “solutions” and “suites”. But, as we learned with the CRM craze, technology is not the answer. At best, it is an enabler. At worst, it can be a very costly diversion.

Finally, for those with access to Forrester’s syndicated research, I’d recommend a review of several classics:

The Essentials Of Integrated Marketing

The Integrated Marketing Self-Test

The Guide To Integrated Marketing Success

Integrated Marketing Best Practices: Unilever

Integrated Marketing Best Practice: Volvo Cars

If you have case studies to share or thoughts on what it takes to organize to effectively integrate the marketing process please post your comments here or contact me at eanderson@forrester.com.

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April 23, 2006

Welcome to Forrester’s Marketing BlogJam!

I lead Forrester’s Marketing Strategy and Technology research team. One of the things I love about being an analyst at Forrester is the interaction I have every day with my colleagues, clients, and other industry players. Few people get the opportunity to work with such a smart, motivated, and creative group of people as we have at Forrester. Unfortunately, so many of the interesting conversations we have never make it to print – they are forgotten or left on the cutting room floor.


Our team will use this blog as a forum to share insight on news events as well as some of the great conversations we have internally. Analysts will post individually about topics within their perspective coverage areas. But, the cool new thing that we’re going to try here is to share insight to an internal weekly jam session in which we brainstorm ideas about a topic and share the results here – unedited. We think this will help us get ideas out faster (without the constraints of editors) and solicit input on those ideas more efficiently.


Analysts, in general, tend to do a lot of espousing and we want this blog to be an open forum where we share ideas, solicit feedback, and develop our thinking as a community dedicated to the intersection of marketing and technology.


Happy blogging!

Elana