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Okta Launches $50 Million Investment Fund for Identity Innovation

Here’s a leftover from yesterday’s identity news: Okta, which offers enterprise identity solutions, has launched a $50 million investment fund to nurture identity and privacy innovations. Investments include Trusted Key, a blockchain-based digital identity company. Separately, Okta announced a modular Identity Engine that lets users construct custom identity experiences. Don’t get too excited: the identity engine won’t be ready until the second half of 2019.

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More Marketers Have Integrated Martech Stacks: Walker Sands Study

April 10, 2019

Now for some good news: integration of marketing stacks has improved sharply over the past two years, according to Walker Sands’ State of Marketing Technology 2019 report. Compared with the 2017 study, companies with an integrated best of breed stack rose from 27% to 34% and those using a single vendor suite rose from 21% to 27%. Limited piecemeal and fragmented best of breed stacks fell from 42% to 17%. Just 7% reported they have no marketing technology, compared with 17% in the earlier report.

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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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