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What is Data-Driven Marketing

Contemporary Trends in Innovative Marketing Strategies
It is a marketing strategy that is based on the analysis of data. This analysis will offer insights into customer preferences and broader trends that impact a company's success.
Published in Chapter:
A Systematic Literature Review and Research Agenda of Data-Driven Marketing
Elena García-y-García (Universidad Popular Autónoma del Estado de Puebla, Mexico), Francisco Rejón-Guardia (University of Malaga, Spain), and Laura Berenice Sánchez-Baltasar (Universidad Popular Autónoma del Estado de Puebla, Mexico)
Copyright: © 2024 |Pages: 35
DOI: 10.4018/979-8-3693-1231-5.ch002
Abstract
The boom in the flow of information originated from customer activities. The Internet enhanced it, and information and communication technologies have drastically transformed the marketing domain, leading to innovative strategies such as data-driven marketing. Due to the rapid evolution of DDM this research analyzes the evolution of DDM in the scientific literature. For this purpose, a systematic review of the literature using bibliometric techniques has been carried out from 1980 to 2023. The results show that only some studies directly describe its development. However, through the analysis of related technologies such as big data, customer relationship management, artificial intelligence, and machine learning in marketing, this chapter provides insight into the evolution of DDM and potential future opportunities. The study's findings emphasize the need to focus on DDM to understand its evolution and impact on the business landscape. On a practical level, it provides strategic guidance for marketers who want to adapt to the changing dynamics of technology.
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Importance of Applying Big Data Concept in Marketing Decision Making
Is the process by which marketing professionals gain insight into current status as well as trends based on in-depth Big Data analysis collected through consumer interactions and engagement to form predictions about future behavior.
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The Role of Big Data in Digital Marketing
Refers to strategies that are built on information derived from the analysis of big data collected through consumer interactions to create predictions about their future behavior.
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