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I feel like I’ve been talking about the weather a lot lately. A sign of old age? Who knows – but I do know that some days feel much more productive than others – moments when the creative work we do really flows.
When the surf’s up, cancel everything else. Make hay. And listen to a song that just makes you feel good – for no particular reason.
Check out this song by Joe Satriani while we see what the experts are saying this week…
Surf’s Up for Bad Data
I’ve always been a proponent of data hygiene – but at what cost? I’ve had clients tell me they can’t run campaigns because they need to finish cleaning their data. Or they’re sooo close to getting their database in perfect shape for their marketing efforts. Is this a case of perpetual stalling? Will the data EVER be good enough to go?
I remember research outlining the cost of bad data years ago – in the early days of SaaS. The 1-10-100 rule: it costs $1 to verify a record as it’s entered; $10 to cleanse and de-dupe it; and $100 if nothing is done, as the ramifications of the mistakes are felt over and over again.
With new martech out there, perhaps the costs have decreased… but the first-hand experience my teams have tells me that critical data errors are increasing. Sure, there are great (free) tools out there to do things like validate emails (here is one of my favourite ones), but it seems like it’s getting more and more difficult to manage.
Ten years ago, industry pundits were saying that between 10% (in strong organizations) and 25% (in typical organizations) of customer and prospect records at any given time included critical data errors – ranging from incorrect demographic data to a lack of current disposition.
Has that changed? What are you seeing in your organization? I’d love to hear your feedback on this trend…
Engaging with Fans – An Alien Concept No More
SoundCloud’s been making some waves in the streaming world. The platform has unveiled its newest feature, called Fans, which will allow musicians to direct message their biggest fans through the platform and sort listeners by engagement metrics. Maybe this new DM feature could stir things up (in a good way), hopefully causing artists to wonder why they can’t do the same through other platforms.
Between this move and Apple Music now hosting mix sessions (including some legendary sets from Ninja Tune), Spotify is suddenly starting to feel a little questionable in terms of its feature set and value proposition.
Couple that with increasing discontent from the majors and I get the sense streaming platforms in general are soon to be challenged for the first time in a long while.
But that’s a good thing! I agree with those saying the current model doesn’t work for anyone but the top 1%, and it’s why I welcome SoundCloud pushing to try new systems of remuneration.
Is it all perfect? No, but only because nothing is. Will it show potential new paths forward? Absolutely – and this is why it’s great to see these developments.
No one wants to be the disruptor that gets disrupted… so it’s important to keep innovating. And what about B2B? What are you doing in your own organization to keep ahead of the curve?
As always, don’t hesitate to call me to brainstorm or just say hello!
Rick Endrulat, President | email@example.com | www.linkedin.com/in/rickendrulat