Learn why data analysis and interpretation are the building blocks of marketeers’ success. Marketers increasingly have to keep up with a rapidly evolving business landscape and an eye-wateringly fast rate of technological change. At the same time as keeping up, many will be seeking to get ahead, boosting their careers during this time of flux by looking at the demands of the future. So, what key skills will marketers need to have on their CVs in the coming years?
Data analysis is what employers need
With data now increasingly used in campaigns and strategies, marketing teams are expected to take a leading role in its analysis and interpretation. In turn, these generate insights and determine a course of action for the business. The skills of senior marketers fall behind their junior counterparts when it comes to the practical digital skills that generates this data. Therefore, being comfortable with data sets and analytics tools is a big advantage for marketers in the present and near future.
With this comes new regulation, and the introduction of new data privacy legislation, such as GDPR, has upped the ante even further. Digital marketers are now tasked with designing and executing campaigns while remaining compliant, which requires a thorough grounding in the regulations, and a certain amount of entrepreneurial creativity. Get ahead: Keep up to date with the latest developments concerning GDPR, and research how data is used in marketing campaigns to stay ahead of the curve.
Data enabled strategic thinking
With so many changes taking place in the technology sphere in a business landscape ripe with acquisitions, it’s easy for brands to stray from their key offerings. Knowing how to establish a marketing strategy, hone brand values and a brand purpose, and, above all, stick to them, is a crucial discipline. It requires the ability to differentiate a passing trend from a major opportunity and involves seeing the long-term view regarding the businesses’ market position.
Get ahead: Do you have a clear view of your organisation’s marketing strategy? How would you develop an alternative strategy if trading conditions were different? Try a few ‘what if’ scenarios to develop your strategic thinking. Remember, marketing has an increasing relevance to the wider business plan.
Communication, empathy and storytelling are easier when you know your audience
While much energy is directed at developing technical skills, marketers mustn’t forget the usefulness of less formal competencies, for example, communication and empathy. Part of the job is being able to bring people with you – and that goes for your team and the major decision makers in the business. Coherently communicating your needs, achievements and future plans is a vital aspect of day-to-day life as a marketer.
Equally, now that many organisations are putting the customer at the heart of what they do, it’s increasingly important for marketers to see things from their perspective. Empathy has become the critical skill in business. Remember that true marketing innovation comes from insights about what consumers need and don’t yet have. As the points of interaction between brand and consumer multiply, and the customer has more instances to pain points to navigate, it falls to the marketer to keep an order to these interactions. This often involves collating feedback, reading between the lines to work out how customers really feel, and communicating that to the wider organisation.
Often the most powerful means of communicating messages internally and externally is through storytelling. This involves using one of several pre-determined patterns to structure the information you want to get across. It can help you to engage your audience – either customers or colleagues – and sell the content as part of a wider message. As the density of information increases in the future, storytelling will become even more essential, to cut through and communicate core concepts in an efficient and engaging manner.
Get ahead: How well do you understand your customer? Is it time to stop being a ‘broadcaster’ for the brand, and add a ‘social listening’ project to your CV? How could customer testimonials and advocacy help improve your storytelling?
Data is centred around knowing your measurement tools
Digital channels are key to any holistic marketing strategy, but ‘spray and pray’ approaches to digital communications are inadequate if that strategy is going to work in the short or long-term. Understanding the fundamentals of site design and e-commerce platforms, and how they integrate into strategy, can be of great benefit to an in-house or agency team. However, it is a rounded knowledge of measurement and optimisation platforms, such as Google Analytics that will be invaluable, offering insights about website performance and visitor traffic patterns.
Almost all businesses will find your competence with these metrics useful, and it’s likely to remain a key platform for the foreseeable future. If your measurement and analytical skills extend further, into creating and using dashboards that offer ‘single customer view’ possibilities, then you’ll be all set for the future.
Get ahead: YouTube videos that explain the basics of Google Analytics are widely available, if this hasn’t been part of your remit in your career so far – but for a deeper understanding, training may be required.
Deliver Data: Bring ROI
Today, marketers are under pressure from within organisations to demonstrate the return on investment of their activities. In order to achieve this successfully, it’s helpful to develop your financial know-how. Many marketers hail from a more creative background, so this isn’t something that will necessarily come naturally.
Yet, marketing allows for many skills to flourish and many skills to be taught and learning the difference between revenue and turnover, for instance, as well as being comfortable understanding the concept of KPIs, will allow you to be more confident when looking for more senior roles.
Get ahead: An online resource such as Investopedia.com can help bring you up to speed with the basics of business and economics. Also, in the next company update, make a note of any unfamiliar terms and ensure you research them.
Visit the Data Literacy website for the latest trends or CIM’s dedicated marketing jobs site to take the next step in your career.