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Community Insight for Marketing Technology Procurement. Russell Rothstein, IT Central Station Keith Burrows, Lattice Engines Andrea Ward, Oracle Roland Smart, Oracle Oracle OpenWorld - September 30, 2014. Russell Rothstein @RussRothsteinIT CEO and Founder IT Central Station.
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Community Insight for Marketing Technology Procurement Russell Rothstein, IT Central Station Keith Burrows, Lattice Engines Andrea Ward, Oracle Roland Smart, Oracle Oracle OpenWorld - September 30, 2014
RussellRothstein @RussRothsteinIT CEO and Founder IT Central Station Andrea Ward @awatpa VP of Marketing Oracle Marketing Cloud Keith Burrows @DemandGenMaven Senior Director of Alliances and Partnerships Lattice Engines Roland Smart @rsmartly VP of Social and CommunityMarketing Oracle Technology Network 9/30/2014
We’ll answer the following questions (among others): 1 How have online communities changed the ways in which marketers evaluate and buy IT? If you’re a marketing technology decision-maker, how can you use community knowledge to make better IT decisions? If you’re a decision-maker, how should you balance different opinions about competing solutions? For instance, a community of end-users might have different product opinions than your own employees. 2 3 9/30/2014
The BigShift Practitioners have gained more and more influence in the software acquisition process. 9/30/2014
Third-party as well as owned communities help the marketing technology buyer…Do product research, validate assumptions and promises, and have honest conversations. 9/30/2014
80% "80% [of B2B technology buyers] use vendor support forums or discussion forums on vendor or brand websites.""Over 40% of business technology decision-makers indicate that support forums, discussion forums, and professional social networks influence them throughout their online journey." 40% Sources: forrester.com/The+Social+Behaviors+Of+Your+B2B+Customers/fulltext/-/E-RES99721 + blogs.forrester.com/kim_celestre/12-11-28-jump_start_your_online_community 9/30/2014
Q: If you’re a marketing technology buyer, what tangible value do you get out of using peer-to-peer resources such as IT Central Station (which you’ve previously called the “Yelp of IT”)? 9/30/2014
Other External Communities Include: 9/30/2014
Q: How do a vendor’s community members help a technology buyer make better IT decisions? 9/30/2014
Helping you and your practitioners understand a product’s record of innovation 9/30/2014
Helping your employees become better at their jobs over the long term 9/30/2014
Q: If you’re a marketing technology buyer, how do you balance competing advice and feedback (from your direct colleagues, frontline employees, third-party reviewers, etc.)? 9/30/2014
2013 LinkedIn/ComScore Study on Software Buyers • “Not all IT Committee members are senior level. Individual contributors and managers account for 50% of the IT Committee.” • 39% Manager reporting to an executive • 12% Individual contributor • 23% Senior-most decision-maker • 26% Executive Source: “The Social Bridge to the IT Committee.” LinkedIn/ComScore/Starcom MediaVest Group/Mashwork study. https://bitly.com/1Dm1Miy 9/30/2014
Many Stakeholders, Many Competing Voices INTERNAL EXTERNAL Community Evangelist: Claims that product provides an effective one-stop marketing system. Marketing Director: Needs investment to wrangle fragmented customer data Third-Party Reviewer: Recommends that you patch together point solutions instead. IT Exec: Needs to cut year-over-year spend by 10% 9/30/2014
Thanks! Other Questions?Roland: @rsmartlyAndrea: @awatpa Russell: @RussRothsteinITKeith: @DemandGenMaven 9/30/2014
How Do Buyers and Marketers Think About Community? 9/30/2014