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Optimize your marketing strategy to realize more value and increase revenue
EY builds a tailored marketing business strategy and technology roadmap to improve value, streamline operations, and drive lasting business impact.
Step 1. Establish and expand foundational enablers
Implementing a robust marketing measurement methodology requires more than advanced tools and analytics capabilities. Organizations must lay the essential foundations through strategic enablers across people, processes and technology to transform insights into actionable growth. Here are six areas companies should focus on, along with actions they can take to drive progress:
1. Strategic business and technology alignment:
- Foster strong collaboration between business and technology teams, aligning around unified objectives and integrated data practices.
- Break down organizational silos through clear governance and shared ownership to enable the consistent understanding, use and activation of marketing insights.
2. Robust data foundation:
- Invest in a comprehensive and scalable data infrastructure capable of integrating diverse data streams across online and offline channels.
- Prioritize data quality management with rigorous standards for data cleansing, validation and enrichment to drive insight accuracy and reliability.
3. Clearly defined KPIs and goals:
- Establish a standardized measurement framework that aligns marketing-specific metrics (e.g., cost-per-click, engagement rates) with broader business performance indicators (e.g., customer lifetime value, ROI).
- Map KPIs explicitly to various stages of the customer journey, enabling precise attribution of marketing efforts to business outcomes and facilitating cross-functional clarity and accountability.
4. Privacy regulations and compliance considerations:
- Leverage first-party data strategies and identity resolution technologies to mitigate impacts of third-party cookie deprecation and evolving privacy regulations.
5. Agile operating model:
- Implement agile processes that encourage rapid iteration, testing and optimization based on continuous, real-time analytics feedback.
- Cultivate a responsive organizational culture where insights derived from measurement directly inform ongoing strategy adjustments and tactical refinements, enhancing adaptability to market dynamics.
6. Flexible enablement model:
- Equip teams with the proficiency necessary to interpret data insights and translate them into strategic decisions — whether they are building foundational capabilities or scaling sophisticated measurement practices across products, regions or business lines.
- Promote ongoing education and training in advanced analytics, AI-driven methodologies and the practical application of measurement insights across marketing functions.
By addressing these critical enablers comprehensively, organizations can effectively leverage marketing measurement methodologies to drive tangible business growth, enhance operational efficiency and achieve sustainable competitive advantage.