The news: US marketing decision-makers are wasting money on marketing investments that can’t produce measurable results.
That uncertainty is leading marketers to boost spend on reliable channels. Brands expect to significantly increase their investments on Google Search, TikTok, YouTube, and Meta.
The challenge: Marketers lack confidence in the tools they do have to measure results.
Without reliable tools and data to gauge a project’s results accurately, brands will continue to throw money away.
Zooming in: Marketing measurement solutions are fragmented. While one method stands above the rest—60% of decision-makers trust incrementality testing the most—other preferences are more distributed.
The lack of a standard measurement solution across firms further fragments data access, leading to a lack of trust in metrics.
Recommendations for marketers: Accurate measurement has consequences beyond current campaigns. Without clear insights, marketers are throwing money at a mediocre solution and hoping for better results. Instead, they need to:
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