How Data-driven Strategies are Transforming Audience Targeting in Digital Marketing
In today’s ever-evolving world of marketing, businesses must adopt highly developed techniques to reach their target audience effectively. Data-driven strategies enable businesses to create personalized experiences and optimize their ad spend. Using data driven strategies leads to an increase in engagement and reachability.
To expand beyond my insight, I have reached out to five different marketing experts and asked them to share their perspective on data-driven strategies and how it’s transforming audience targeting.
Before the age of social media, marketers were forced to use broad data like age, gender, and geographical location. It was more difficult to pinpoint specific preferences for their audiences . However, in the modern digital landscape, it is a lot easier for marketers to learn their audience’s behavior and preferences. By using data analytics, digital marketers can track behavioral patterns and purchase history to fine-tune their approach, leading to more personalized marketing campaigns.
Here's a quote from Antonella Abad, a digital marketer who specializes in social media marketing:
"Data has taken audience targeting from a guessing game to hyper-personalized marketing. AI and machine learning track real-time behavior so brands can serve content that fits how people interact, not just who they are on paper. Engagement goes up when ads match actions, not assumptions, and conversions follow."
Data allows for more highly personalized marketing that targets audiences at a larger scale. With real-time data, marketers can track engagement and adjust their marketing strategies accurately. There are many platforms that can track data from your audiences. For example, Google Analytics, but there are many more that can track website analytics and provide valuable insight. Many social media platforms use KPIs which are key point indicators that can track how engaged audiences are. Measuring how successful and effective the content is, KPIs become a crucial step in understanding audience engagement.
Here’s a quote that talks about the importance of making data-driven decisions from Benjamin Paul, a website analytics specialist and e-commerce manager:
“There was a time that I met with our VP of Marketing (in a previous role) as he was browsing a competitor's website. He mentioned how much prettier their website was than ours and how impressive it looked. Then, he nonchalantly shared that they hardly achieve a fraction of the online revenue that we bring in from our site. As he explained the differences, he taught me a valuable lesson in making data-driven decisions. Many marketers, like the competitor in the story, approach marketing with a design-first strategy. They figure out all of the look & feel stuff and throw mud at the wall for everything else. I've learned that the aesthetics don't have nearly as much impact as I would have assumed. Knowing your audience is incredibly powerful and marketers ought to be working overtime to get inside the mind of their customer.”
A website may have a pretty layout but this does not mean it’s an effective marketing strategy. It also does not mean it’s engaging for audiences. Aesthetics don’t tell you what your audience prefers or how they make their buying decisions. It is better to focus on understanding your audience and how they shop than to focus on making a pretty website. It is easier than ever to use data to learn about your audience because of digital marketing campaigns. Ced Bahadir, a marketing professor at Florida International University shares his perspective:
“One of the key benefits of implementing digital marketing campaigns is that it enables marketers to obtain data on the consumers who respond to their campaigns. Using such data, firms can experiment with campaigns and adjust them based on the performance data they are able to obtain from platforms such as GoogleAds.”
By obtaining consumer data, businesses can make informed decisions about their digital marketing strategies. Artificial intelligence and algorithms are changing the game for marketers by making it faster to obtain data and adjust their campaigns. As Ced Bahadir mentioned, platforms like Google Ads enables firms to experiment with their campaigns. I have mentioned before why experimentation in a company is important. It enables marketers to learn new ways of marketing and find their target audience. Knowing your audience is important and in today’s age it's far easier. Katherine Moldes, a digital marketer with a strong background in SEO, PPC, and Paid Ads shares her insight on the importance of data driven strategies:
“Data-driven strategies, such as remarketing, are transforming audience targeting in digital marketing by enabling brands to better understand and respond to customer behavior. By identifying patterns and trends, marketers can create personalized campaigns designed to re-engage users and guide them through a conversion funnel. These strategies not only help refine targeting efforts but also ensure more meaningful interactions, ultimately fostering stronger connections and driving long term results.”
By understanding consumer behavior, marketers will be able to make decisions based on data rather than just guessing. Using basic demographics is not enough in today’s world of marketing because people are constantly changing their buying habits and their preferences. Social media is changing the way people learn about brands and their products. Using data driven strategies actually creates a more engaging and interactive environment for your brand. This filters out the people that are not the target audience for your product. Tracking data analytics will show key touch points which can shape the overall customer experience and can influence their buying decisions. Selen Ugur, a digital marketer that specializes in consumer behavior shares her perspective:
“Data helps marketers understand who their audience is and what they want. By analyzing behaviors and preferences, businesses can create more targeted and personalized campaigns. This makes marketing more effective, reaching the right people for the right reasons.”
Overall, it seems like these experts can agree that using data-driven decisions is crucial in today’s world of marketing. By leveraging analytics platforms and AI, you can reach the right audience at the right time. As technology continues to evolve, staying up to date with the latest data driven marketing trends will become essential to keep ahead in the digital marketing industry. Staying ahead will give you a competitive edge. This gives you an advantage in learning the new trends and implementing them accordingly.
Instead of relying on basic demographics, marketers can use digital marketing campaigns to create highly personalized marketing campaigns. Earlier, Benjamin shared his insight. He believes that making decisions based on actual data is more trustworthy than focusing on the aesthetics. I agree with Benjamin. A pretty website doesn't necessarily mean it’s an effective marketing channel. Using data analytics you are able to track the discoverability and reachability of your brand.
It seems like all five experts have a similar perspective on using data driven decisions to transform audience targeting. I agree. I think that it’s all about the data. Tracking data enables you to get to know your audience. You can ask yourself: Am I reaching the right type of people? Is this the best approach to take for my campaign? And instead of guessing if this marketing communication is engaging for your audience, you will know based on the data.