Mood of Marketing: challenges and opportunities in data

NZ Marketers see challenges and opportunities in data according to 2017 Mood of Marketing Report from Qrious

Big data and analytics company Qrious have released a report today, which gives marketers the chance to benchmark their activities against their peers.

Simon Conroy, General Manager Data Powered Marketing for Qrious, said, “Over the last year we’ve seen huge changes in New Zealand marketing, driven largely by new technologies and the flood of data this creates. This has transformed opportunities for marketers, but it’s also introduced a raft of new challenges for those wanting to stay competitive in the market.

“This report will help marketers compare their activities with the wider industry and recognise the areas they might want to focus on to stay ahead of the curve.”

The 2017 Mood of Marketing report reveals that around two-thirds of respondents see data as building credibility but, concerningly, almost a third don’t believe their organisation understands how to get value from it. Shifts like this are driving a race for new talent, with 67% seeking skills in data analytics and 74% seeking digital talent.

According to the report, nearly half of New Zealand’s leading marketers expect marketing budgets to increase in the next year, with a shift to spend on non-traditional areas. Overwhelmingly, respondents believe broadcast and print will decline, while digital, social and mobile will skyrocket. Most expect big data, the Internet of Things and mobile platforms to shape the industry’s future.

The report brings together the thinking of 74 leading New Zealand marketers, from a cross-section of businesses and industries. The result is a snapshot of what the industry expects from the future when it comes to marketing budgets, skills, and the impact of changing technology.

“We understand there are skills gaps in areas like big data, which are tipped to play a critical role in the future of marketing. Qrious is well positioned to help marketers understand big data so they can use it to grow the credibility of brands and to understand customers better,” Conroy explained.

“That’s why we acquired Ubiquity earlier this year, bringing together the marketing automation services of Ubiquity and the data analytics capability of Qrious into a powerhouse data-powered marketing function,”

The full report is free and can be downloaded from www.qrious.co.nz/moodofmarketing2017

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