Keep reading for a brief history of marketing attribution, different mode australia email address list ls that are used today, and where it may be heading.
Back in the 1950s is where the roots of marketing mix models (MMMs) can be found. This approach gained popularity into the 80s, as it included cross-channel coverage of all media types that were used to encourage conversions.
MMMs were a useful tool, partially due to the lack of viable alternatives. Today, these older attribution models lag behind in a digital world, and marketers who still rely on them are missing out on valuable information and insights.
MMMs
are much too slow for the online world, often providing results weeks after a campaign has been completed, rather than during one. They also do a poor job of measuring brand equity, often leading to over-spending on activities in the lower end of the funnel and under-spending when it comes to brand development for those that need more motivation to take action. These and other shortcomings make the MMM model ineffective, especially for organizations that have yet to make kickstart digital transformation.
Luckily, the transition to the digital world and omnichannel marketing has provided marketers with tools and techniques that have revitalized marketing attribution models, making it possible to track each step along the customer journey. It's n