CMO Council and Accenture Report Reveals State of CMO-CIO Alignment
PALO ALTO, CA—Oct. 4, 2010—Operational change is required for corporate marketers and information technology (IT) professionals as they seek to "lead not lag" to embrace new digital marketing technologies and channels in the quest to acquire, maintain and enhance customer relationships and increase revenue, according to a new report from the CMO Council and Accenture (NYSE: ACN). Another key finding of the report, titled "The CMO-CIO Alignment Imperative: Driving Revenue through Customer Relevance," is that marketing and IT executives do not believe they are highly effective partners, as they struggle to achieve common goals in the race to adopt and keep pace with rapidly evolving digital marketing capabilities.
In fact, very few marketing and IT executives surveyed for the report believe their companies are prepared to exploit the new digital channels, despite their shared conviction that technology now underpins and shapes the entire customer experience. Specifically, just 4 percent of more than 300 marketing executives and 7 percent of the more than 300 IT executives who participated in the study said their companies are very prepared to exploit digital marketing channels. Additionally, only 8 percent of marketers and 6 percent of IT executives said they believe their data and analytics are completely integrated. And nearly than one-third of marketers and IT executives alike (29 percent and 27 percent, respectively) said they are either having difficulty integrating critical analytics capabilities or believe they are not integrated at all.
As customers increased their demand for always-on access points, service options and interactive experiences, a large majority of marketing executives (78 percent) and IT executives (68 percent) said that digital marketing is important to their organizations. Yet, only one-third of marketers (35 percent) and one-fifth of IT executives (20 percent) said their companies are "heavily committed and invested" in digital marketing.