Marketing metrics, Big Data and the role of the marketing department
DOI:
https://doi.org/10.5902/1983465922046Keywords:
Marketing metrics, Big Data, Business intelligenceAbstract
Marketing metrics are a way of proving the result of marketing efforts and ensure its relevance inside companies. Big Data can be an opportunity for marketing to gain even more importance since access to a greater volume of information makes possible to develop new metrics. The present paper verifies if this is a reality on marketing departments, if the department is involved in developing or reporting metrics, and in the use of Big Data. To achieve this goal, first, we develop premises from the literature so that, after, we can confront it with reality, captured by interviews with marketing practitioners that work on different economic sectors. We intend to present possibilities for future research and to foster discussion about the marketing department responsibility to present metrics about the results of its actions.Downloads
References
Barwise, P., & Farley, J. U. (2004). Marketing metrics: Status of six metrics in five countries. European Management Journal, 22(3), 257–262.
Brynjolfsson, E., Hitt, L. M., & Kim, H. H. (2011). Strength in numbers: How does data-driven decisionmaking affect firm performance? Available at SSRN 1819486.
Deloitte. (2008). Marketing in 3D. Retrieved from http://www.deloitte.com/assets/Dcom- Sweden/Local%20Assets/Documents/se_marketing_in_3d_060208.pdf
Germann, F., Lilien, G. L., & Rangaswamy, A. (2013). Performance implications of deploying marketing analytics. International Journal of Research in Marketing, 30(2), 114–128.
Kerwin, A., & Zmuda, N. (2013). Ad-exec of the future? Big-Data draper. Avertising Age, 84(11), 32.
Leeflang, P. S., Verhoef, P. C., Dahlström, P., & Freundt, T. (2014). Challenges and solutions for marketing in a digital era. European Management Journal, 32(1), 1–12.
Lohr, S. (2012). The age of big data. New York Times, 11(2012).
Marketo. (2011). Marketing metrics & Analytics. Retrieved from http://www.marketo.com/ definitive-guides/marketing-metrics-and-marketing-analytics/
McAfee, A., Brynjolfsson, E., Davenport, T. H., Patil, D. J., & Barton, D. (2012). Big data: the management revolution. Harvard Business Review, 90(10), 60–68.
McDonald, M. (2009). The future of marketing: brightest star in the firmament, or a fading meteor? Some hypotheses and a research agenda. Journal of Marketing Management, 25(5–6), 431–450.
Petersen, J. A., McAlister, L., Reibstein, D. J., Winer, R. S., Kumar, V., & Atkinson, G. (2009). Choosing the right metrics to maximize profitability and shareholder value. Journal of Retailing, 85(1), 95–111.
Rogers, D., & Sexton, D. (2012). Marketing ROI in the Era of Big Data. The 2012 BRITENYAMA Marketing in Transition Study.
Sampaio, C. H., Simões, C., Perin, M. G., & Almeida, A. (2011). Marketing metrics: Insights from Brazilian managers. Industrial Marketing Management, 40(1), 8–16.
Srinivasan, S., & Hanssens, D. M. (2009). Marketing and firm value: Metrics, methods, findings, and future directions. Journal of Marketing Research, 46(3), 293–312.
Stewart, D. W. (2009). Marketing accountability: Linking marketing actions to financial results. Journal of Business Research, 62(6), 636–643.
Taylor, L., Schroeder, R., & Meyer, E. (2014). Emerging practices and perspectives on Big Data analysis in economics: Bigger and better or more of the same? Big Data & Society, 1(2), 2053951714536877.
Webster, F. E. (2002). Marketing management in changing times. Marketing Management, 11(1), 18.
Downloads
Published
How to Cite
Issue
Section
License
Authors of articles published by ReA/UFSM retain the copyright of their works, licensing them under the Creative Commons (CC-BY 4.0), which allows articles to be reused and distributed without restriction, provided that the original work is properly cited.