CMOs: Time to Learn a Little About Ad Tech
Posted in: UncategorizedWhen social media exploded, most CMOs were left scrambling to find a way to incorporate these new, emerging platforms into their marketing plans. This ushered in a new era of “social marketing,” which has blurred the line between branded advertising and public relations. While CMOs hurried to move past their anxieties, leading CEOs understood the value of this platform and placed even more pressure on their marketing chief to quickly embrace this new world order.
Today, the digital environment has become even more complex and the advertising technology sector is particularly treacherous. Modern marketers are being forced to adapt, evolve and react to a “performance marketing” world driven by new technology that is pushing them out of their comfort zones into a new reality. The core competencies of the marketing world have never been more open to doubt than they are today.
In recent conversations with dozens of top marketers, it is clear to me that the game of digital media and advertising is changing too fast for most. I am regularly asked for advice on the world of performance marketing and marketers have only just begun to realize that this industry is not going away. Being competent in performance marketing is an absolute requirement for CMO success. And as hundreds of ad-tech companies clamor for attention in this space, marketers are not set up to go through the vigorous testing loop needed to understand which technology or technologies can help their business grow at a faster clip.