Data-driven precision marketing strategy and its effect measurement

In today's rapidly developing digital age, data-driven precision marketing strategies have become a powerful tool for enterprises to stand out and gain key competitive advantages in fierce market competition. The beginning of this article elaborates in detail on the significant importance of data-driven precision marketing. In the current era of information explosion, through comprehensive collection, in-depth analysis, and deep mining of massive data, enterprises can gain a comprehensive and multi-dimensional understanding of consumers' specific needs, behavior patterns, and unique preferences. Subsequently, a series of specific precision marketing strategies were discussed in depth, including important strategies such as personalized recommendations, targeted advertising, and customer segmentation. The application of these strategies can greatly improve the targeting and effectiveness of marketing activities, and effectively enhance customer satisfaction and loyalty. At the same time, the article systematically introduces the measurement methods of precision marketing effectiveness, such as the scientific application of key indicators such as conversion rate and customer lifecycle value. Finally, the crucial importance of data security and privacy protection in precision marketing was emphasized. Only by ensuring that businesses conduct marketing activities in a legal and compliant manner can they achieve the grand goal of sustainable development.

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Publication Details

Journal
Transactions on Economics Business and Management Research
Published
2024-09-28
DOI
https://doi.org/10.62051/d63mm017
Citations
4
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
2.11
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article

Data-driven precision marketing strategy and its effect measurement

Shengyang Hong
4 citations
Transactions on Economics Business and Management Research
Big Data and Business Intelligence
2.11
article

Data-driven precision marketing strategy and its effect measurement

Shengyang Hong
article en
4 citations

Abstract

In today's rapidly developing digital age, data-driven precision marketing strategies have become a powerful tool for enterprises to stand out and gain key competitive advantages in fierce market competition. The beginning of this article elaborates in detail on the significant importance of data-driven precision marketing. In the current era of information explosion, through comprehensive collection, in-depth analysis, and deep mining of massive data, enterprises can gain a comprehensive and multi-dimensional understanding of consumers' specific needs, behavior patterns, and unique preferences. Subsequently, a series of specific precision marketing strategies were discussed in depth, including important strategies such as personalized recommendations, targeted advertising, and customer segmentation. The application of these strategies can greatly improve the targeting and effectiveness of marketing activities, and effectively enhance customer satisfaction and loyalty. At the same time, the article systematically introduces the measurement methods of precision marketing effectiveness, such as the scientific application of key indicators such as conversion rate and customer lifecycle value. Finally, the crucial importance of data security and privacy protection in precision marketing was emphasized. Only by ensuring that businesses conduct marketing activities in a legal and compliant manner can they achieve the grand goal of sustainable development.

Transactions on Economics Business and Management ResearchVol. 12
Boston University (US)
Openalex Percentile: Top 10%
Big Data and Business Intelligence
2.11
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Data-driven precision marketing strategy and its effect measurement — Shengyang Hong · Transactions on Economics Business and Management Research (2024) | TGRS Research Map | TGRS