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Advanced CMOs Shift Focus Away From Martech: Simpler Media Survey

The 2023 edition of Gartner’s closely-watched CMO Spend and Strategy Survey hasn’t been released to non-clients, but the press release compares CMOs who increase martech spend to “gamblers looking to write-off their losses with the next bet.”  Ouch.  Simpler Media’s CMO survey isn’t as hostile but does find the most technically advanced organizations are the most concerned about focusing too much on tech and the least concerned about creating robust data strategies, understanding data integration, and using analytics for decisions.  Apparently they feel they’ve mastered this whole technology thing.

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Successful B2B Marketers Do Everything Well: McKinsey Report

May 26, 2023

The consultants at McKinsey are super-smart too, although they do keep being slapped with pesky lawsuits about things like opioid marketing.   So when they decided to report on successful B2B marketing, they didn’t just find one or two key factors.  No sir.  They reported that the winners do everything well, from tech to organization to social media, and do more of it.  You can’t get more obvious than that.

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Martech Spending Grows as Percentage of Marketing Budget: CMO Survey

April 26, 2024

Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.

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