Data is a "Force for Good" in Client/Agency Relationships

Those are the key findings of a new survey by the (ANA) Association of National Advertisers released this month. 

The survey, entitled Using Data to Manage Agency Relationships: What's Important to Marketers, revealed that more than 80 percent of marketers currently use data "often or always" to help them manage agency relationships. Further, use of data to manage agency relationships is increasing, with 84 percent of marketers seeing it growing in their organization and none seeing usage declining.

The use of data for managing agency relationships delivers strong outcomes: 82 percent of respondents saw it contributing to better overall client/agency relationships while 90 percent said it improved agency efficiencies and 78 percent indicated it also improved internal efficiencies at the client's organization.

The survey looked at 37 different data points across broad categories including media, billing/budgets, agency time/fees, production and creative. Data in media was the most important and most utilized of any category.

Meanwhile, data in creative warrants more attention.

To increase the use of data in evaluating and managing creative, agencies should consider strengthening the processes for briefing and copy approvals as those affect creative process efficiency -- which in turn affects speed, cost and quality of creative work. Data also should be used to track progress; specific suggestions include the number of rounds of revision which work undergoes prior to final approval, the average length of time that each approval step takes, and "soft" metrics like the quality of the brief.

The ten highest rated metrics in terms of importance were:

1. Efficiency of media buys
2. Delivery of total campaign audience goals
3. Budget updates
4. Media quality assessment
5. Agency performance evaluations
6. Campaign acquisition/conversion rates
7. Cost benchmarking of media versus internal historical rates
8. Cost benchmarking of media versus industry rates
9. Agency scope-of-work deliverables
10. Viewability rate of digital advertising.

The report was a joint collaboration between ANA and Decideware, a provider of custom agency management solutions for marketers.

Watch MediaVillage for Jack Myers' upcoming reports on the highest rated metrics in terms of importance for agency and client/media sales relationships.

Click the social buttons above or below to share this story with your friends and colleagues.

The opinions and points of view expressed in this article are exclusively the views of the author and/or subject(s) and do not necessarily represent the views of MediaVillage.com/MyersBizNet, Inc. management or associated bloggers.