MadTech - A Revolution Between Martech and Adtech
MadTech - A Revolution Between Martech and Adtech
MadTech - A Revolution Between Martech and Adtech
and Adtech
Have you heard of the new buzzword MadTech?
Do you think it’s just an addition to the already crowded dictionary of the M
arTech
and AdTech stacks ?
What Is MadTech?
So, the convergence of Martech & Adtech isn’t a myth, but a reality.
● Firstly, in recent years, marketing and business spheres have entirely changed.
Shoppers have grown, and so have buyers. Social media excites the whole situation
too. M
arketing needs to be transparent and accurate to succeed. The demand for
transparency accounts for the emergence of MadTech.
● Secondly, MarTech lacks quality data. Only a very less percentage of marketers can
agree that they possess a robust data acquisition technology while the others fail to
have so. MadTech came up to solve the needs of d ata quality enhancement.
● Thirdly, AdTech is facing serious issues of cross-border complexities. To combat
the challenges of attracting and retaining global users and dealing with multi-billing
currencies, a new strategy called MadTech had to emerge.
● Fourthly, MarTech is going through major changes. Consumers don’t buy things
blindly. They have real conversations with brands they admire and wish to strike a
purchase with. MadTech uses automated content personalization and advanced
analytics across all touchpoints.
● AdTech demands for disruptive technologies like the Internet of Things, Artificial
Intelligence etc. compels the birth of MadTech by AdTech joining hands with
MarTech and bridging the needed gaps.
● Brands have to struggle to create a mark and keep reminding the audience that they
exist. Customer experience shapes the perceptions of another customer. That is to
say, it’s all so complicated. To deliver personalization at a par level, MadTech comes
to rescue.
● AdTech and MarTech co-exist at the opposite end of a sales funnel. It has been quite
a difficulty in marking a clear line of differentiation between the two. But all this is
tiring to be understood. MadTech is what connects the dots between the two. To
simplify it all, was the need for MadTech!
As the name implies, MadTech is a world between MarTech and AdTech. It includes
the elements of marketing, advertising, and technology. Let us start noting down
the components of MadTech. To begin with,
Traditionally, marketing technology is how you nurture and communicate with your
known audiences. It helps marketers in creating, running, and managing marketing
campaigns and conducting onsite marketing.
● Web-analytics tools to analyze data that is collected by websites or mobile apps and
are used to enhance the user experience of a website, measure the performance of
marketing activities, and discover how users interact with a website.
● CRM platform that stores and manages a company’s interactions that they’ve had
with current and potential customers.
● Social-media-management platforms to allow marketers to create, schedule, and
measure their social media posts and activities.
● SEO and content-optimization tools that enable marketers to improve their ranking
position on search engines.
● Using CDPs, marketers can manage all their data in one place, create audiences
from it, and utilize it in their marketing activities.
● After that, Personalization tools that tailor the messages of a website and match the
needs and interests of individuals based on their known information.
● In addition, Consent Management Platforms (CMPs) that help in taking consent from
the visitor to use their digital identity for marketing efforts.
● Firstly, in both MarTech and AdTech, you aggregate and process vast amounts of
data. Martech has become the recent favorite of marketers as it helps them in
knowing and tracking market needs and combine marketing and advertising into a
seamless category.
● Secondly, MadTech enables marketers to get better insights and streamlined media
streamlining buying with the connection. Connection takes in customer data from
POS, loyalty programs, e-commerce platforms, social media interactions, etc. and
makes action through digital advertising.
● Thirdly, the MadTech stack comprises Informing media buys, which enable
marketers to make an emotional connection with customers because it helps in
customer identification and engagement at a more detailed level.
● In addition, MarTech and AdTech are equally driven by data. MadTech helps in
eliminating data silos. For instance, you can combine the customer data ( first-party)
data of a brand from various MarTech platforms with advertising channels data
(third-party data) together and create audiences to perform people-based
marketing.
● After that, MadTech allows marketers and advertisers to better understand, assess,
and measure their media buys, ad inventory, and outreaches. With better metrics,
comes effective campaigns that consequently leads to growth in acquisition and
revenue
● Finally, MadTech benefits in two ways. Marketers know more about their existing
customers, and because they better know them, it becomes easier to streamline
targeting to new, potential customers. This reduces advertising efforts and costs.
Evaluate your current strategy. Ask yourself if your marketing technology is
relevant to your requirements? Do you run d
igital advertising? Introspect on how to
connect the dots to ensure that you meet your goals. Stay informed.
Therefore, the picture is quite clear. The new buzzword has a lot to do with your
business goals and strategies. It is definitely expanding all the horizons for you.
Above all, it would be mad to ignore MadTech because MadTech is here to stay!