By 2016, 80 percent of marketing tech investments will come outside of IT, Gartner predicts. Here’s where those marketing dollars are going now.
* Marketing automation. Content management and social media monitoring, as well as the automation, aggregation, and analysis of social data. Also, established technologies such as sales-force automation and CRM. These increase the effectiveness of the marketing processes themselves.
* Social technology and mobile technology. Both technologies produce fundamentally different interactions with and among customers. How to take advantage of this? At one end is the monitoring new behaviors — what they comment on in social media and how they shop or look up information when not at a desk, for example. At the other is using these new conduits to customers to serve them actively, such as tapping into location data to provide localized recommendations — marketers use the terms “geotargeting” and “hyperlocal” to refer to these new types of possible services.
* Analytics for real-time business intelligence. Historically, companies have used business intelligence to assess the past, then roll out changes based on that assessment. But in a fast-moving world, that insight often comes too late. Also, it’s typically based on data collected for very specific purposes, so the insights that can be gleaned from it tend to be limited to those original purposes. But new, often cloud-based technologies — collectively called big data — are providing ways to analyze information very quickly (even in real time), from multiple sources. Companies can adjust their operations and marketing more quickly — and even more targeted to specific types of customers