{"id":8517,"date":"2022-02-01T08:00:54","date_gmt":"2022-02-01T08:00:54","guid":{"rendered":"https:\/\/bamboobox.ai\/dev\/https-bamboobox-ai-blog-account-based-engagement-adopt-abm-with-a-data-driven-marketing-strategy\/"},"modified":"2026-02-10T11:49:27","modified_gmt":"2026-02-10T11:49:27","slug":"account-based-engagement-adopt-abm-with-a-data-driven-marketing-strategy","status":"publish","type":"post","link":"https:\/\/bamboobox.ai\/dev\/account-based-engagement-adopt-abm-with-a-data-driven-marketing-strategy\/","title":{"rendered":"Is Your ABM Strategy Data-driven?"},"content":{"rendered":"\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Engaging whole accounts (or complete buying groups) rather than individual leads as a B2B marketing strategy has been in existence for quite a long time. With statistics pointing towards great success with ABM for some companies, many marketers have rushed into its glittery world. For the majority of these companies, a critical piece has always been missing in the way their B2B engagement has been conceived at the account level. Have all of these companies ensured their ABM strategy is data-driven? We think not.<\/p>\r\n<p><img decoding=\"async\" src=\"https:\/\/bamboobox.ai\/dev\/wp-content\/uploads\/2022\/04\/ABM-strategy-scaled-1280x717.png\" alt=\"Is Your ABM Strategy data-driven?\" \/ loading=\"eager\"><\/p>\r\n\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/bamboobox.ai\/dev\/account-based-engagement-adopt-abm-with-a-data-driven-marketing-strategy\/#Move_away_from_Aspiration-Based_Marketing\" >Move away from Aspiration-Based Marketing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/bamboobox.ai\/dev\/account-based-engagement-adopt-abm-with-a-data-driven-marketing-strategy\/#Better_Customer_Data_Management_for_improved_understanding_of_buyer_journeys\" >Better Customer Data Management for improved understanding of buyer journeys<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/bamboobox.ai\/dev\/account-based-engagement-adopt-abm-with-a-data-driven-marketing-strategy\/#Its_not_about_more_tools_but_smarter_insights\" >It\u2019s not about more tools but smarter insights<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Move_away_from_Aspiration-Based_Marketing\"><\/span><strong>Move away from Aspiration-Based Marketing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-3207\" src=\"https:\/\/bamboobox.ai\/dev\/wp-content\/uploads\/2022\/02\/WhatsApp-Image-2022-02-01-at-10.07.44.jpeg\" alt=\"B2B marketing stats with respect to ABM across the world.\r\n\" width=\"604\" height=\"453\" \/ loading=\"eager\">\r\n<figcaption class=\"wp-element-caption\"><em><strong>B2B marketing stats with respect to ABM across the world.<br \/><\/strong><\/em><\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The number of marketers actively deploying ABM tactics for their revenue goals made a huge leap from 15% in 2020 to <a href=\"https:\/\/blog.hubspot.com\/marketing\/account-based-marketing-stats\"><u>70% in 2021<\/u><\/a>. This high adoption rate of ABM in the B2B marketing universe would seem to suggest an ideal machinery of qualified lead generation and great funnel velocity in place in most of these organizations. And yet, the B2B space has seen a 22% increase in sales cycles since 2015. The win rate has dropped across industries. Most companies have experienced a 38% increase in deal dormancy rate in the last 5 years. These numbers simply prove that in many companies ABM has been deployed as a result of an aspirational mandate.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">As a game plan ABM relies on the careful selection of accounts, effective prioritization, intelligent messaging and the ability to constantly take corrective actions. <strong><b>The first goal of any ABM adoption plan should be to create a data strategy<\/b><\/strong>. It also requires a shared understanding of ICP and buyer groups, as well as an appreciation of the buyer journey. However, most B2B marketers are limited by the lack of a clear data strategy to derive the insights needed to understand what moves the accounts ahead in their journey and what doesn\u2019t.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" class=\"wp-image-3206\" src=\"https:\/\/bamboobox.ai\/dev\/wp-content\/uploads\/2022\/02\/WhatsApp-Image-2022-02-01-at-10.07.46.jpeg\" alt=\"Data-Driven Marketing Strategy - disconnect between data strategy and marketing efforts\" width=\"540\" height=\"405\" \/ loading=\"eager\">\r\n<figcaption class=\"wp-element-caption\"><em><strong>Data-Driven Marketing Strategy &#8211; disconnect between data strategy and marketing efforts<br \/><br \/><\/strong><\/em><\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">This brings on the dreadful scenario of broken pipeline and low funnel velocity. In such a situation, it wouldn\u2019t be too harsh to point out that these companies are practising Aspiration-Based Marketing instead of <a href=\"https:\/\/bamboobox.ai\/dev\/blog\/account-based-engagement-account-based-marketing-meaning\/\">Account-Based Marketing<\/a>. To ensure they are actually executing the latter, there needs to be a conscious shift from an instinctive style of marketing to a more data-driven approach.<\/p>\r\n\r\n\r\n\r\n<h2 id=\"better-customer-data-management-for-improved-understanding-of-buyer-journeys\" class=\"has-text-align-left wp-block-heading\"><span class=\"ez-toc-section\" id=\"Better_Customer_Data_Management_for_improved_understanding_of_buyer_journeys\"><\/span><strong>Better Customer Data Management for improved understanding of buyer journeys<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\" id=\"the-challenges-discussed-above-highlight-one-core-issue-in-abm-marketing-strategies-today-the-lack-of-understanding-account-buying-journeys-spread-across-multiple-channels-elongated-timelines-and-multiple-stakeholders-within-an-organization-this-stems-from-the-absence-of-a-strategy-to-aggregate-data-from-across-customer-touch-points-over-an-extended-period-of-time-there-is-also-an-overreliance-on-third-party-data-such-as-b2b-intent-data-the-grim-fact-is-that-most-marketers-aren-t-employing-any-proper-form-of-engagement-and-intent-monitoring-systems-to-gauge-the-buying-journey-of-accounts-without-a-clear-buying-journey-in-sight-b2b-sellers-are-unable-to-identify-buying-group-behaviour-directly-impacting-prioritization-of-contacts-and-subsequently-accounts\">The challenges discussed above highlight one core issue in ABM marketing strategies today. The lack of understanding account buying journeys spread across multiple channels, elongated timelines, and multiple stakeholders within an organization. This stems from the absence of a strategy to aggregate data from across customer touch points over an extended period of time. <strong><b>There is also an overreliance on third-party data such as B2B intent data<\/b><\/strong>. The grim fact is that most marketers aren\u2019t employing any proper form of engagement and intent monitoring systems to gauge the buying journey of accounts. Without a clear buying journey in sight, B2B sellers are unable to identify buying group behavior directly impacting prioritization of contacts and subsequently accounts.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">B2B companies need to actively focus on customer data management. This should facilitate capturing and processing account and contact data at various journey stages to ensure marketers get the right signals to work on. <strong><b>A calculated and structured account engagement is possible only with a data-driven process<\/b><\/strong> that factors in end-to-end management of data from all customer touchpoints.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"it-s-not-about-more-tools-but-smarter-insights\"><span class=\"ez-toc-section\" id=\"Its_not_about_more_tools_but_smarter_insights\"><\/span><strong>It\u2019s not about more tools but smarter insights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Engaging at the account level depends heavily on the accuracy of data. However, many companies who practice ABM haven\u2019t been following a data-driven motion. This has been the single most important reason for B2B companies failing to generate a qualified pipeline predictably. Sales and marketing have also been missing out on their KPIs. What are they doing to remedy this? Adding more tools in a classic interventionist style. And where has that led them to? Siloed data with fragmented insights rendering them unable to map accurate buyer group personas. B2B organizations have to consciously move away from this habit of trying to douse all fire with water. With digital opening up myriads of opportunities to close the data loop, <b>B2B companies have to replace their intuitive strategy with a data-driven one<\/b>.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" class=\"wp-image-3204\" src=\"https:\/\/bamboobox.ai\/dev\/wp-content\/uploads\/2022\/02\/WhatsApp-Image-2022-02-01-at-10.08.33.jpeg\" alt=\"\" width=\"572\" height=\"429\" \/ loading=\"eager\"><\/figure>\r\n<\/div>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">To make ABM the kind of success that every marketer sets out to achieve, <b>there has to be a deeper dive into historical and real-time account data to extract definite insights<\/b> on buyer groups, journeys and stages. While the majority of the B2B companies are trying to run their revenue operations with current data insights only, incorporating historical account data into your journey analytics makes buying-stage-specific predictions more accurate. To make this work, marketers must focus on connecting the dots by bringing their CRM, marketing automation platform, sales outreach tools and other technologies together to create a holistic dataset from which account journeys could be built and tracked precisely.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image is-style-rounded\">\r\n<figure class=\"alignleft size-full is-resized\"><img decoding=\"async\" class=\"wp-image-3208\" src=\"https:\/\/bamboobox.ai\/dev\/wp-content\/uploads\/2022\/02\/WhatsApp-Image-2022-02-01-at-09.49.36.jpeg\" alt=\"\" width=\"67\" height=\"67\" \/ loading=\"eager\">\r\n\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><br \/><a href=\"https:\/\/www.linkedin.com\/in\/bikash-thokchom\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bikash<\/a><br \/>Marketing, BambooBox<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Engaging whole accounts (or complete buying groups) rather than individual leads as a B2B marketing strategy has been in existence for quite a long time. With statistics pointing towards great success with ABM for some companies, many marketers have rushed into its glittery world. For the majority of these companies, a critical piece has always [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[101,94,103],"tags":[100,91,95,102],"class_list":["post-8517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-based-engagement","category-blog","category-featured","tag-account-based-engagement","tag-account-based-marketing","tag-buying-journey","tag-data-driven-marketing"],"acf":[],"_links":{"self":[{"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/posts\/8517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/comments?post=8517"}],"version-history":[{"count":0,"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/posts\/8517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/media\/8518"}],"wp:attachment":[{"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/media?parent=8517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/categories?post=8517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bamboobox.ai\/dev\/wp-json\/wp\/v2\/tags?post=8517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}