Many successful companies
today are software companies under the hood. This massive transformation is
felt most profoundly in the changing nature of relationships between companies
and their customers, and the marketing department is an integral cog in these
relationships.
Industry by industry, the
decimation of traditional business models by technology-driven competitors
gathers momentum. Consider Netflix and Blockbuster, iTunes and Tower Records,
or Amazon and Barnes & Noble. It's why AOL paid $315 million for Huffington
Post -- essentially a publishing platform for citizen journalists -- whereas
Jeff Bezos paid $250 million for the venerable Washington Post and all its
Pulitzer Prize-winning journalists and foreign correspondents.
The modern digital marketer
can no longer run business by instinct alone, but must use technology to test,
measure and optimize their campaigns, often in real time and at massive scale.
To remain relevant and effective in this world, they not only need to be
experts in the evaluation of software and express high-levels of technical
literacy, but also understand how technology enables a new mode of marketing
strategy.
So how do find and hire this
modern marketer? For one, look for those with a technical background, whether
academically or professionally. For example, marketers with an engineering
degree may be a better fit than those with liberal arts degrees. People who
have had product management experience also tend to have the right technical
aptitude.
Given that access to data at
scale and in real time is an enabling attribute of a modern marketing strategy,
it naturally follows that data scientists and analysts become critical to the
successful implementation of a data-driven marketing strategy. These
individuals will be drawn to progressive marketing organizations, where data
analysis sits at the intersection of corporate strategy and customer
relationships. These are highly desirable places to apply their skills -- the
front line of the corporate world.
Once you attract a
tech-literate marketer, let them do their thing. Tell them what you want to accomplish
and give them the freedom to solve for that using data. Provide them with the
budget to explore software and analytics platforms, and let them be the experts
in selecting the most effective tools.
Another retention tool
beyond a fair salary is revenue accountability. It used to be the marketer’s
job to set up leads for the sale organization to close, but with more
transactions happening online with little or no human input, marketing’s
accountability for revenue is growing. In some cases, they now own the revenue
number, and this is a trend that will likely continue to gain traction.
Despite all this (justified)
talk about marketing becoming a data-driven science, a marketing campaign still
begins with a creative idea. In fact, the need for a creative idea is as
important today as it ever has been. Hiring and retaining a good data marketer
to help measure the success of that idea and suggest how it can be improved,
will take you even farther.
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