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Martech Budgets Expected to Grow Despite Headwinds: CMO Council Report

May 22, 2023
This CMO Council report for Sprinklr takes a gloomy position: the headline is 66/% of marketers lack confidence in their ability to meet revenue goals, although that includes 39% who are moderately confident. More cheerfully, 36% are increasing their martech budget for 2023 compared with 25% planning to cut it. Back on the dark side: just 23% say they have a very effective relationship with IT and just 19% strongly agree they can convince their CFO to not cut the marketing budget.
CDPI Newsletter

41% of Marketers Unfamiliar with Cookie Alternatives: IDC Study

May 22, 2023
Most marketers (60%) think consumer concerns about tracking technology could hurt their brand reputation and the same fraction agree user tracking will soon be obsolete, according to this global IDC study for Ogury. Despite this, 41% remain moderately or not at all familiar with cookieless alternatives. Ignorance may be bliss: 61% are confident they’ll be able to reach audiences at scale in the future.
CDPI Newsletter

Cookieless Ad Share Barely Budged in Q1: 33Across Report

May 22, 2023
While awareness of cookieless alternatives is interesting, the more important question is how many marketers are actually using them. This report by 33Across, which provides cookieless programmatic infrastructure, trumpets news that cooklieless ad CPMs average 21% less than cookie-based CPMs. They are more coy about revenue share, giving industry-by-industry details but no total. My math, which could be wrong, puts the figure about 23% for Q1 2023, maybe up 2% from the quarter before.
CDPI Newsletter

M-KOPA snaps up $250M+ debt, equity for its asset financing platform

May 18, 2023
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured more than $250 million in new funding. The capital injection includes $55 million in equity and over $200 million in debt, huge sums in both categories that testify to strong fundamentals and solid performance for any growth-stage company in this venture capital’s current contraction.
CDPI Emerging Markets

Nigeria’s fitted is using machine learning to make the tailoring industry more efficient

May 18, 2023
Nigerian startup fitted has developed a digital platform that uses machine learning to eliminate inefficiencies in the custom tailoring industry. With its proprietary AI tool, the startup auto-generates and stores customer measurements, cutting down measurement time by around 90 per cent. Its cloud-based platform allows tailors to process and track orders, accept payments globally, connect to suppliers, and engage directly with their customers.
CDPI Emerging Markets