Excellent article by Sonya Huang and Pat Grady of @Sequoia, "The Agentic Reasoning Era Begins", and the $10 trillion opportunity with service-as-a-software:
sequoiacap.com/article/gener…
"Thanks to agentic reasoning, the AI transition is service-as-a-software. Software companies turn labor into software. That means the addressable market is not the software market, but the services market measured in the trillions of dollars."
I like the phrase "evidence-based marketing" over "data-driven marketing" — evidence suggests some sort of hypothesis that's being investigated and also reserves the possibility that it's not truth, simply best indication of truth at the moment #MarTech
The New, New Rules of Marketing (Operations):
1. Centralize everything you can.
2. Automate everything you can.
3. Decentralize everything you can.
4. Humanize everything you can.
5. Embrace continuous change.
#MarTech
Having a discussion with a colleague about the different archetypes of "marketing technologists" today, and I sketched this rough idea on a napkin. (Well, okay, I actually sketched it in PowerPoint — but it's napkin-level impromtpu.)
What do you think? #MarTech
Asked what to measure in #MarTech, I answered:
1. Performance — impact on business (leads, customers, LTV, etc.).
2. Efficiency — performance relative to cost.
3. Customer happiness — improving customer experience (NPS, retention, faster service, etc.).
What do you measure?
Been thinking about a taxonomy of "no code" app/site tools:
- content & layout (UI)
- spreadsheets (database)
- automation (logic)
- tools that incorporate multiple of those patterns
Draft illustration here with logos of example tools. Feedback? #MarTech
I'm thinking of producing a fun party game called "Data Stories." All the players get three charts of data, and whoever can come up with the most outrageous narrative to explain them wins.
I've been studying #martech for 20+ years. I've read literally thousands of vendor websites.
Yet I still end up on the sites of major, public martech firms promoting their new-new thing, and for the life of me, cannot decode the vague gobbledegook of what exactly the thing does.
For those of you who were annoyed by the @mitsmr article I shared a couple of weeks ago about "the end of requirements gathering" in software adoption, you're probably going to hate this... but this is a draft illustration of the change. #MarTech
Tomorrow at 8am ET, I'll release a paper — actually more of a highly illustrated mini-book — created in collaboration with WPP on 5 trends in marketing technology for the decade ahead.
Been a fascinating project, really eager to share it with you. #martech
v2 of a 2x2 of marketing technologist archetypes.
Way too busy, but this is a work-in-progress to experiment with different labels for the axes and quadrants — would love your feedback.
Caveat: classification of modern roles is messy. But is this directionally right? #MarTech
For those wayward souls who practice the anti-pattern of winning a new LinkedIn connection only to immediately assault it with a long, canned sales pitch... does that ever work out for you? Ever?
I think we're entering a transitory phase in #MarTech, from a 1st Golden Age to a 2nd. Here's a draft table for an article I'm working on that describes this as a shift with ecosystems, experts, and (citizen) engineers. For each, the tyranny of "or" gives way to "best of both."
Anyone else sing modified song lyrics to their pet? "We all live with a yellow puppy dog, yellow puppy dog, yellow puppy dog..." No? Just me? Nevermind.
Sorry for the radio silence these past couple of weeks. I haven't been just "lion" around, however. Took an 10-day, Internet-free safari in the Serengeti. Longest time away from email in 20 years. An awesome experience. Here are a few photos from my iPhone (!) while I catch up...
Forget unicorns. We need more "chimeras" — mythical Greek creature with head of lion, body of goat, tail of dragon — that can cross disciplines: marketing/tech, marketing/sales, sales/tech, marketing/finance, etc. #MarTech
If you spend $500 million on a campaign, but don’t close any wins against the competition...
Would you chalk that up to a desync between marketing and sales? Or marketing and product?
Asking for a friend.
Nailed it, @marketoonist. Marketing automation done badly = bad marketing at speed and scale. Seriously though, this is one of the reasons why I believe the right balance between "Automate" and "Humanize" is one of the key missions for marketing operations & technology. #MarTech
How to unsubscribe from a marketing newsletter marketoonist.com/2019/09/mar… by @tomfishburne@marketoonist
Funny... but not funny. This is what happens when local optimization of a metric (# of subscribers) overshadows global optimization of customer experience. #MarTech
There's a huge difference between:
(A) martech = tools
(B) martech = tools & skills
Metaphor: (A) is a hammer. (B) is carpentry.
Saying "martech is marketing" for (A) is a stretch.
Saying "martech is marketing" for (B) is not.
chiefmartec.com/2019/07/mart…#MarTech
Let me run a concept by you to see how it resonates.
The 2010's were about "big data." The 2020's are going to be about "big ops" — how we orchestrate a huge number of apps & automations operating simultaneously on our universe of big data.
Thoughts? #martech
Prefect example of marketing & ops needing to integrate:
My hotel room features a groovy iPad. It asks me what time window I want my room cleaned. I choose 1-4pm afternoon, plan to work in the morning, and think, “this is so cool.”
Housekeeping comes in at 9:15am.
#MarTech
Great software platforms thrive by embracing choice:
1. Enabling choice — by opening APIs and vectors for extensibility.
2. Respecting choice — by defending a fair and level playing field.
3. Celebrating choice — by making the ecosystem the heart of their value proposition.
Asymptotically:
Every company is becoming a software company.
Every professional is becoming a software creator.
They may not recognize it — which makes it even more fascinating — but it's the clear outcome of digitization and an explosion of "citizen developer" tools. #MarTech
I will say, after reading thousands of pitches of #MarTech companies, that it continues to surprise me how many otherwise great product marketers fall into the trap of trying to define a "category of one." If you're the only one, it's not a category.
I’m thinking of starting a new political party. The Introvert Party. We promise to have zero campaign rallies. Just vote for us in November, we’ll come in and quietly GSD.
“Choose An Amazing Boss. Role Is Secondary.” — @janessalantz thinkgrowth.org/choose-an-am… — and for students, choose professors over courses
ALT “Who you work for is exponentially more important than the work you do. If you want to accelerate your career, spend a little more time finding a great boss.” from “Choose An Amazing Boss. Role Is Secondary.” by Janessa Lantz.
Draft title of my TEDx talk...
TITLE:
Marketing Technology & The Recombinant Innovation of Disparate Disciplines
IN BRIEF:
How do two seemingly opposite professions, such as marketing and software engineering, come together — and what does it teach us about the future of work?
Most vital marketing capabilities in 2020 according to executives participating in Gartner's most recent CMO Spend Survey. gartner.com/en/marketing/res…#MarTech
Martech and marketing operations are important, but they're rightfully in the service of a great brand strategy.
5 Reasons to Get Excited About the @HubSpot Platform in 2019 bit.ly/2D8CoCM — congratulations to all of our platform partners, the original pioneers and the new ones who joined our ecosystem in 2018. We're beyond thrilled to be working with you.
[2ND DRAFT] Riffing on this idea of the four forces of marketing operations and technology... I think the flow is generally counterclockwise, although there are certainly exceptions. Not a static model, but a fluid one, continuously iterating and rebalancing. #MarTech#theory
In that vein, I'd recommend this HubSpot Customer Code deck that @dharmesh published this week. Not to laud @HubSpot — actually, the grade for the company acknowledges needs for improvement — but to make expectations of a customer-centric company concrete hubspot.com/customer-code
The 2000’s were about coming to grips with Big Data.
The 2010’s are about coming to grips with Big Ops — an exponential explosion in the volume, velocity, and variety of digitally powered processes across the organization.
#MarTech
Interesting data from @Gartner about which digital marketing activities are being outsourced. #martech
Fascinating that media buying and creative asset production are not even in the Top 5.
Coming back to this after a couple of years as an idea that's been simmering in the background. I think this model is useful. Would love to see some entries into The Stackies 2020 that align with this. (We'll be opening that up for entries soon.) #MarTech
Cool new partnership between @HubSpot and @Pipe. With access to a total of $100 million in fee-free funding on Pipe's platform and a 30% discount on HubSpot's CRM suite, founders can spend less time fundraising, and more time scaling their businesses.
hubspot.com/company-news/hub…