To resolve the original mystery: the quote references a survey I conducted with VentureBeat and released in June 2014. You can buy it here if you’re interested. Answers came from 159 marketing automation users. The quote refers to a question about how well marketing automation software met satisfaction and improved results, on a 1 to 5 scale. About 18% gave a score of 1 or 2, 50% gave a 3, and 32% gave a 4 or 5. The 1 and 2 scores are clearly unhappy and I’d consider a 3 to show neutral or marginally satisfied. Hence the “almost 70 percent” quote.
Source: Raab Associates, 2014 |
For what it’s worth, the survey also asked a second, more pointed question about whether marketing automation benefits were worth the investment. We received fewer responses (only 87) but the distribution was similar. In fact, the dissatisfied group was a higher percentage: 25.8% and there’s no question how they felt: “we could have achieved similar results more cheaply”. The middle group, 44.1% “achieved our goals” which still sounds to me like marginal satisfaction. Only 23.7% felt they exceeded expectations.
Source: Raab Associates, 2014 |
I've never considered these results particularly remarkable because they are consistent with other surveys on the topic. See my posts for October 13, 2013 and October 22, 2013 for a several other surveys.
Of course, that's all old data and you may wonder whether anything has changed. The short answer is no. For example, a recent survey from Marketo and Ascend2 found that 14% of buyers rated marketing automation as clearly unsuccessful and only 25% rated it as very successful: again, there was a big intermediate group of 61% who said is was only “somewhat successful”.
Another survey, this one from Salesforce.com, is generally more optimistic, showing 37% of users rating marketing automation as very effective or effective. But it also shows a relatively high 31% rating it as not very effective or not at all effective. The real difference is an unusually small middle group, 29% rating marketing automation as “somewhat effective”. What’s probably more disconcerting about this survey is that it shows that marketing automation has relatively low satisfaction and importance compared with other technologies. This suggests that marketers who must prioritize their spending will make other investments first.
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