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Highlights from the
Accenture Interactive 2014 CMO Insights survey Rising confidence in digital channels of CMOs believe marketing will undergo fundamental change over the next 5 years, driven by analytics, digital and mobile technologies. of CMOs believe their company will be known as a digital business in 5 years. Emerging markets jump ahead. 69% of CMOs say it's important to transform into a digital business, compared to 49% of mature-market CMOs. Digital disruption is here and CMOs know it – but are they selling themselves short? 10% increase in willingness to make more and better use of digital channels. But customer experience across channels lags behind 77% of CMOs say it's essential/very important to deliver effective customer experience but… …Only 62% think they're doing a good job. Significant drop in importance of mastering the omni-channel customer experience, down 14 points to 57%. Biggest barriers to digital integration: technology & talent Digital transformation check list for CMOs CMOs cite a lack of critical technology or tools. CMO satisfaction with internal analytics capabilities fell 10 points to 49% though hiring of digital, analytical and technical skills has risen. Mobile is a game-changer: 7 in 10 marketers age 50 and younger believe it's an important channel, compared to fewer than 5 in 10 ages 51 and older. CMOs: Time for digital transformation or risk being left on the sidelines In the next five years, digital budgets will account for more than 76% of the marketing budget. Lead and transform Marketing with a digital perspective. 1 Embrace the full omni-channel customer experience. 2 Act on real-time analytics insights. 3 Integrate new talent into new operating models. 4 ‘Test, learn and earn’ with agile technologies. 5 High performers harness digital potential Major performance gaps between high and low performers: 86% vs 65% High performers use data and analytics to improve marketing impact. 84% vs 67% High-growth companies recognize strategic importance of digital channels. 80% vs 59% High performers provide a consistent customer experience across all channels. Find out more at: © 2014 Accenture All rights reserved. www.accenture.com/CMOinsights Or join the conversation via: Download Accenture Interactive app for iPad® @AccentureSocial #CMOInsights 86% 84% 80% 77% 62% 71% 57% 1 4 49% 5/10 7/10 2014 2019 76% 10% 2014-2019 78% 21% Only
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