MMA Global Introduces Data Think Tank
MMA Global | July 01, 2021
MMA Global, the business association devoted to architecting the future of marketing for CMOs, introduced the Data in Marketing Think Tank (DATT) to make a basic space for data solutions providers to work straightforwardly and cooperatively with marketing pioneers as they speed up their application of data. The worldwide research organization comprises foundations that will discover, analyze, and roadmap different aspects of data application in advertising. Initiating and coordinating each of DATT’s institutes will be global tech leaders, LiveRamp, Snowflake and The Trade Desk.
“Data is a substantial part of the marketing budget, but the data ecosystem is in a state of rapid growth with continuously changing dynamics and amplified regulation. Unfortunately, a disconnection between marketers and data solutions providers has disallowed effective navigation of the now vast and complicated global data ecosystem,” said Greg Stuart, CEO of MMA Global. “By uniting the companies driving the world into a data-driven future and the marketers on the forefront of the industry, we will bring order and understanding to the world of options and difficulties in data.”
Once the three institute leaders finalize members from the MMA’s board of 80 senior marketers and 35 CMOs, they will initiate to deliver white papers, design strategy roadmaps and host events. The institutes will focus on producing critical research and tools such as, case studies of cookieless cross-device data optimization driving business outcomes and upstream approaches and processes for successful data journeys (1st, 2nd, 3rd party data). MMA Global and EY have already kickstarted the think tank with their Data Maturity Impact Survey, which found less than thirteen percent of companies have mature consumer data skills and capabilities. As part of DATT, that survey will be used to develop an extensive data maturity benchmarking tool for all marketers.
LiveRamp’s Data Strategy Institute – Deliver the best practices, approaches and tools to guide marketers as they design their data strategy and look to measure the impact of their decisions. “Whether you are a marketer who is worried about having to balance performance and privacy, wants to collaborate with partners but doesn’t want to give up control or move data beyond your four walls or prefers choice to being locked into a tech stack, at DATT, you’ll learn that you don’t have to make tradeoffs,” said Dan Buckstaff, CMO at LiveRamp. “Our institute members are all thinking deeply about the enormous shifts taking place right now in data access and how the application of data across the customer journey will be impacted. The ideas and actions being considered are leading to a redefinition of customer engagement and deepening of first-party data strategies. We look forward to learning from this group and sharing the insights with the community at large.”
Snowflake’s Data Capabilities Institute – Provide guidance and education to help marketers build world-class data capabilities and innovation across their entire organization. “In today’s constantly evolving world, it is critical for marketers to address the age-old problem of removing data silos and to bring all their data together for a complete picture of their business,” Snowflake CMO, Denise Persson said. “For the first time, technology like the Snowflake Data Cloud is enabling marketers to power their marketing analytics with real-time, granular insights from all of their data in one platform. The launch of DATT and the Snowflake Data Capabilities Institute will provide the world’s top marketers with the tools and capabilities needed to enter the age of integrated data and tie marketing investments to business outcomes.”
The Trade Desk’s Future of the Data Ecosystem Institute – Share perspective, research and insight of the major trends – future of identifiers, activating first-part data at scale to drive outcomes, simplifying a complex ecosystem, balance of consumer trust and privacy, while improving the advertising experience. “The marketing landscape has seen dramatic shifts in the last year. From the accelerated consumer shift toward connected TV, to the imminent depreciation of third-party cookies, to new pressures to prove the ROI of advertising campaigns, marketers have to adapt at an unprecedented pace,” said Jed Dederick, SVP, Global Client Development, The Trade Desk. “Working with DATT, The Trade Desk intends to arm marketers with the data and resources they need to succeed in this rapidly changing environment, so they can pioneer the future of modern marketing.”