How to Feed 'Good' Data to Your Marketing Database

A challenge in the Big Data era of myriad potential data feeds is to select inputs that are usable, useful and cost-effective for marketing ROI. Not all data is created equal! To that end, we'd like to pass along a recent MarketingProfs six-point questionnaire to help you score data candidates for integration into your central customer and prospect database. Half of the questions deal with the crucial need for a unique identifier on imported data (such as an e-mail address or phone number) so that new data can be matched to the existing marketing database. If the identifier doesn't exist, can it be created (appended, for example)? Next, consider the overlap between a data feed and the customers and prospects already in the database: If the goal is inexpensive integration of targetable info (behavioral, purchase and demographic attributes, or additional contact points, for example), high overlap is good. (For database growth, not so good, we would add.) Finally -- and this is the key issue to our mind -- you need to determine the potential financial benefit from new data in terms of increased revenue. That, of course, assumes a basic understanding of customers from existing data. For the full MarketingProfs data-scoring article, see http://www.marketingprofs.com/opinions/2014/25212/is-your-data-any-good-six-questions-to-help-score-your-data-resources