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Rubikloud Raises $37 Million For AI-Driven Retail Marketing

The biggest trend we found in our just-released CDP Industry Update was CDPs that include analytics and customer engagement. Right on cue, Rubikloud Technologies has raised $37 million for a system that assembles retailers’ customer data and then applies machine learning to plan promotions and target customer messages. It also provides AI-based applications outside of marketing. We can’t call them a CDP since they don’t seem to open their data to other systems. But the Toronto-based firm is chasing the same puck.

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IT Staff Prioritizes Business Efficiency Over Customer Experience: Syncsort Big Data Survey

January 4, 2018

For a broader view of new data technologies, here’s a “big data” survey from Syncsort. It’s always sobering to be reminded that IT professionals care more about business productivity and cost reductions than marketing or customer experience. For example: “data blending”, which is what CDPs do, ranked sixth on their list of data lake use cases. That’s why marketers buy CDPs for themselves.

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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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