THE VALUE OF STRATEGIC DATA MANAGEMENT: Customers who have implemented an on-going data management program have increased lead production by 260% on average. – Eloqua Marketing Automation Benchmark Report Companies that employ consistent data hygiene create 700% the number of inquiries and 400% the number of leads than those who do not. – Eloqua Marketing Automation Benchmark Report Companies that regularly maintain their database realize 66% higher conversions to revenue compared to those that do not. – SiriusDecisions Organizations that have an early-phase data strategy in place can expect a roughly 25% uplift in conversion rates between the inquiry and marketing qualified lead stages. – SiriusDecisions Unifying disparate databases through a technology layer can contribute to a conversion stage increase of 12.5% Data management is “critical to enabling CRM leaders to create the 360-degree view of the customer required for an optimized customer experience.” – Bill O’Kane, Research Director, Gartner IS YOUR DATA AN ASSET? The $1-$10-$100 Rule: It costs $1 to verify record on entry, $10 to clean and de-dupe after and $100 per record if nothing is done – SiriusDecisions As much as 40 percent of the marketing prospect data with which businesses try to generate new business is inaccurate DemandGen Report …between 2 and 2.5 per-cent of a typical b-to-b database goes bad every month, or roughly 25 to 30 percent each year.” – SiriusDecisions 64% of Best-in-Class companies have well established processes for cleansing marketing databases (as compared to 26% of laggards) – Aberdeen 43% of Best-in-Class companies append data at the point of conversion (i.e., at registration form, or in between form and database) – Aberdeen
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