CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH Use best-of-breed technology to make smarter decisions and take intelligent actions that engage your customers and improve business results. TABLE OF CONTENTS EXECUTIVE SUMMARY ................................................................ 2 BUILDING YOUR OPEN DATA ECOSYSTEM .............................. 6 ANALY TICS ........................................................................ 6 PRODUCT .......................................................................... 11 MARKETING ..................................................................... 14 SALES & SUPPORT ........................................................... 22 HOW MIXPANEL POWERS THE ECOSYSTEM ........................... 25 CONCLUSION ............................................................................... 29 CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 1 EXECUTIVE SUMMARY THE PROBLEM It’s no longer disputable that data is crucial to creating great products and customer experiences, and driving top-line growth. But a shortage of data isn’t the problem, as companies today can track almost every interaction they have with customers. The issue at hand is the debate over the best way to actually get value out of all that data, and translate it into useful information for the everyday decision-makers who need it to do their jobs more effectively. It’s clear that companies see the need to use data to make decisions, in fact 74% of firms say they want to be data-driven, but only 29% say they are good at connecting analytics to action1. Forrester Most companies form analytics teams who use data warehouses, SQL, and other advanced analytics techniques to answer complex questions about the business. What they quickly find is that this doesn’t provide a long-term solution for product, growth, and marketing teams, who often lack the advanced skills and expertise necessary to self-serve answers to their own questions. This causes heavy reliance on the analytics teams, which then become a bottleneck, and causes actions or decisions to be delayed. In addition to hindering productivity, these delays can make companies less competitive if they can’t iterate fast enough or make the right decisions quickly. THE OLD SOLUTION In an effort to make analytics and the actions that stem from them easier, companies started turning to vendors who promised a suite of tools that would meet all of their needs for digital marketing. This all-in-one approach was appealing due to the promise that all the tools CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 2 Teams can’t self-serve answers to questions when data is siloed would work together out of the box. However, these suites often don’t play well with the other tools in your stack, and while they may offer more features, they tend to be highly complex. The steep learning curve means that only people with years of expertise with the products can use them effectively, creating yet another bottleneck. With the expansion of software to the mainstream, there has been an explosion of “best-of-breed” tools, meaning companies no longer need to compromise when a suite they’ve invested in has a few parts CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 3 holding them back. Companies can now hand-pick purpose-built products that solve specific problems, and integrate them with each other, and into existing workflows. On average, enterprise companies use 1,020 applications2 . Mulesoft Connectivity Benchmark Report THE NEW SOLUTION We believe in a best-of-breed approach, as do our customers. To stay competitive and meet customer expectations, teams need purposebuilt tools that address specific needs, and a place to go to self-serve answers to their own questions. Is it worth it to compromise on a suite of tools that checks more boxes, if you’ll never use those extra features? Not when there is so much at stake. With an open platform like Mixpanel, teams can answer questions about user behavior in seconds, without analytics expertise. This enables product, marketing, and analytics teams to act faster to improve experiences, engage users and drive growth. Think of Mixpanel like the engine that powers the best-of breed stack. Now imagine a marketer at a SaaS company who wants to drive plan upgrades. By analyzing fine-grained user behavior data in Mixpanel, alongside the email activity generated by their automation tool, they can send more timely, targeted campaigns. When customer-centric teams like product and marketing need instant answers, Mixpanel serves as the go-to tool. The result? Companies make intelligent decisions faster and pinpoint how to deliver value to their users. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 4 An open data ecosystem provides teams across the organization with deep user insights ENRICH USER BEHAVIOR DATA WITH BEST-OF-BREED TOOLS Once you’ve decided on the right approach for your business needs, how do you go about selecting the right tools or suites? We’re here to help. With over 20,000 customers, our award-winning support and success team has had their fair share of conversations with customers about tools they use in their data ecosystem, and what they like about them. We took that qualitative data, and surveyed over 400 Mixpanel customers across departments to learn quantitatively what our customers use day to day, where those tools fall short, and what they did best. Lastly, we compared customer feedback to Gartner and Forrester analyst reports to build the list you see below. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 5 BUILDING YOUR OPEN DATA ECOSYSTEM ANALY TICS Like we mention above, companies using an all-in-one analytics solution will encounter the same bottlenecks as those who rely solely on data scientists or analysts to pull insights from a data warehouse. But a specialized, best-of-breed analytics tool, like Mixpanel, offers companies a competitive advantage. Mixpanel serves everyday product, marketing and analytics users who use reports like Funnels or Retention to surface user behavior insights on demand. The platform even goes a step further to automatically deliver surprising new trends or anomalies via machine learning models, custom-built for user analytics data. Mixpanel also caters to power users who may want to send data to their data warehouse or write their own JQL (Mixpanel’s JavaScript Query Language) queries. For reasons like these, one leading Fortune 500 Media company switched to Mixpanel from their legacy all-in-one analytics solution after becoming increasingly frustrated with the cumbersome tool. “We wanted an agile, self-serve analytics solution with a very good reputation on the market, and we found it in Mixpanel. It’s an advanced segmentation solution that’s incredibly fast and fluid for analysis.” Fortune 500 Media Company, Senior Manager, Product Strategy. Take a look at some of the most popular tools companies use to build their data ecosystem. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 6 CATEGORY TOOL WHAT IT DOES BEST UPDATED AS OF JUNE 2018 Data warehouse: store all the data created in your stack in one place. Best for companies with high volume of querying (known to scale well with low-cost, flexible pricing models and fast query times) Most popular data warehouse on the market with the largest cloud deployments Handles structured and unstructured data well Built to power Business Intelligence tools Best for companies who need to run complex queries on large amounts of data without running out of memory (data storage and compute power are kept separate) Can expand up to the petabyte scale in the cloud & pay as you go Capture and analyze in real-time with SQL Integrated with other Google data products Best for large companies using existing Microsoft products (strong integrations within Microsoft ecosystem) who need a hybrid solution offering both cloud and on-premise environments Provides cloud, on-premise, and hybrid tools to satisfy needs of large companies Strong automation feature set Best for companies on Amazon Web Services who load data onto Snowflake (only supports AWS) Pricing separates storage from compute, lower cost than competitors Easy, flexible implementation Data pipeline: build integrations between the tools in your stack to share data and trigger actions. Best for companies who need to load data from tools into any data warehouse (not focused on loading data between tools) Manages and adapts to schema changes Live view into data piping Best for large companies who have used it before (no free trial available) Strong focus on data governance and sophisticated piping structure, makes it a robust solution for large enterprises Best for companies using other Cloudera solutions (works well with other solutions like Cloudera Manager and Impala) An open source software framework for distributed storing and processing of data Uses MapReduce model CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 7 CATEGORY Data pipeline: build integrations between the tools in your stack to share data and trigger actions. TOOL WHAT IT DOES BEST Best for companies who need to ingest data from many different sources and need data lake capabilities Platform for collecting data and sharing it with marketing, advertising, and reporting tools Focuses on internet of things data and flexible integrations Best for companies looking for lightweight automation between tools (“recipes” not built to be heavily customized) Automate interaction between components of your data stack with workflows Trigger an action in one tool and end with an action in another tool More than 1,000 apps connected See details in Marketing section Tag management: use tags or pixels to collect and share customer data between tools Best for companies already using Adobe Analytics (easy implementation when already using Adobe Analytics) Trigger services based on user actions Additional event tracking feature Best for companies already using Google Analytics and Adwords (tight integration provides more holistic analytics) Easy way to give limited analytics access to vendors Allows marketers to add/update code snippets without engineering resources Free plan meets many companies tag management needs Best for companies with more complex tag management needs (no free plan, there are free tools available that suit more basic needs) Universal hub for sharing data across tools and vendors Connects all vendors in your stack together using standardized tagging CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 8 CATEGORY Analytics: analyze your data, share metrics, and uncover insights to improve your business TOOL WHAT IT DOES BEST Best for companies with marketers who have extensive experience using Adobe Analytics (robust product that requires significant training) Enterprise analytics solution with strong history in web analytics Known for its broad selection of pre-built dashboards Focuses on marketing analytics Best for companies focused on marketing analytics with analysts available (machine learning needs to be configured by a data scientist and is marketing use case focused) Understand how your site is performing by page, audience type, and traffic source Free version and relatively easy implementation Integrated with the Google ecosystem for advanced ad targeting, web optimization, and A/B testing Best for companies looking for a user behavior analytics solution that marketers, product, engineers, designers, support, sales, and analytics teams can easily use Understand user behavior with fast, ad hoc analysis and prebuilt reports to measure conversion, engagement, and retention across various user cohorts Integrate additional user data sources to answer more advanced questions. Options include attribution, experimentation, support, and sales data Uncover hidden insights with machine learning including anomaly detection, predictive user conversion, and event correlation analysis. Take action with emails, push, or in-app notifications, in Mixpanel or partner tools Data visualization and business intelligence: build complex reports and dashboards from your data Best for companies with less complex visualization needs (drag and drop functionality offered) Drag and drop functionality makes it user friendly for non-technical users Combine data from warehouses, spreadsheets, and over 450 business apps to analyze business data in real-time ETL tools for cleaning and manipulating data Easy to visualize and share across organization CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 9 CATEGORY Data visualization and business intelligence: build complex reports and dashboards from your data TOOL WHAT IT DOES BEST Best for companies with less complex visualization needs who want to easily share visualizations (strong collaboration and sharing tools, browser-based) Supports wide variety of use cases across different business units Own SQL-based language, LookML, which offers improved organizational capabilities and analytics Top professional, consultant, and implementation services Best for companies with strong technical analysts (doesn’t support drag and drop query building) Query data from a warehouse using SQL, Python, or R Easily save and share queries with your team Create charts and dashboards to visualize data Best for companies with advanced Excel users, and resources to purchase additional tools and build integrations Connect data directly from your warehouse or 3rd party applications & model and visualize with the familiarity of Excel Drag and drop interactive report building More affordable BI option than competitors Best for enterprise companies who need features around data governance, support, improved SDKs and APIs (license cost can be prohibitive for small companies) On-premise, cloud, or hosted solution that connects to databases, spreadsheets, or 3rd party apps Strong visualization features allow you to use a drag and drop interface to build robust, interactive charts and dashboards Caters to enterprise companies with new features around data governance, support, improved SDKs and APIs CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 10 PRODUCT Product teams struggle to balance the endless list of feature requests from customers with strained engineering and design resources. To prioritize development and best allocate resources, they need to answer questions like “How can we make our product more engaging for customers?” The answer to that question doesn’t lie in the data collected by one single tool. It’s only by using the best tools in tandem with each other that teams can answer these vital strategic questions. In fact, 86% of product managers surveyed said they were interested in combining Mixpanel data with their other data sources in order to answer more complex questions or enrich the other tools in their stack. One Mixpanel customer, Travel Republic, needed more compelling, engaging landing pages in order to succeed in the increasingly competitive vacation booking industry. They use VWO for A/B testing and Mixpanel for user analytics. By integrating both tools, they were able to clearly measure the effects of different landing pages and subsequently strategize on how to drive customer retention and engagement. “We saw an average 30% increase in retention with our new landing pages” Andy Nyberg, Product Insight Manager at Travel Republic When evaluating the tools in the list below, focus not only on what tools product teams will need in their day-to-day roles but also how the data they generate could be used across other teams. For instance, data from an experimentation tool can help marketers refine their messaging, or product development data can help support teams report bugs faster. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 11 CATEGORY Experimentation and A/B testing: create and test different experiences of your digital product before rolling out the changes to everyone. TOOL WHAT IT DOES BEST Best for larger web-focused companies (doesn’t support experiments on mobile apps) who use Google Analytics (built on top of Google Analytics) Integrates into Google’s full suite of tools for strong tracking, targeting, and reporting Target experiments at high value users using audience demographics Said to be easy to get up and running Best for companies who need a mobile A/B testing solution included in Analytics solution (integrates with other tools for web A/B testing) See more details in Analytics section Best for companies who need robust experiments on both mobile and web (offers no free or starter plans) Strong experimentation foundation rooted in A/B testing to drive website conversions Growing recommendation and personalization features Maintains open architecture and works to integrate popular 3rd party vendors Best for web-focused companies (doesn’t support experiments on mobile apps) looking for additional functionality (also offers heatmaps, recordings, surveys...etc) Can be self-hosted Offers solutions for both beginners and experts Said to be user-friendly, easy to get tests up and running quickly Product development: streamline the development and release of product updates, so you can identify and address issues quickly. Best for companies with complicated monitoring needs (simpler tools available for companies with less complex needs) Application monitoring platform, popular with the latest infrastructures using containers and microservices Automated baselining of system and business metrics, with built-in deviation alerting Automatically traces issues for deep analysis of its cause, and recommends actions Best for companies with less complex monitoring needs and smaller budget (free plan available, no built-in search functionality for complex queries) Free deployment implementation and automation of new releases from beta testing to user adoption Acquired and integrated the popular developer tools, Fabric and Crashlytics, which provide powerful real-time crash reporting CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 12 CATEGORY Product development: streamline the development and release of product updates, so you can identify and address issues quickly. TOOL WHAT IT DOES BEST Best for companies who need basic, fast bug and crash reporting (only offers email support) Bug and crash reporting tool that solicits user feedback to fix issues and improve products Free starter plan Integrations with GitHub, Slack, JIRA, and Trello Best for companies with complex monitoring and reporting needs, who want pre-built integrations (Atlassian offers 2,000+ apps that integrate with products like Jira or Confluence) Suite of collaboration features (Trello, Hipchat) make Atlassian relevant for entire organizations Bitbucket allows developers to easily collaborate on Git repositories Best for companies who want to primarily use APM product to see results quickly and receive alerts for issues (results appear in minutes) Monitors health and identifies bottlenecks in your backend infrastructure Traces errors for root-cause analysis of system issues Ties operations to business value for better business optimization Payment: easily accept payments from users without building a payment processing solution. Best for companies who need peer to peer payments (supports Venmo and paypal) and dedicated support resources Credit service for users making large purchases Great for world-wide transactions Best for small to midsize businesses who don’t need Android or Apple Pay payments (not supported) but with strong international presence (available in 200+ countries) Credit service for users making large purchases Great for world-wide transactions Best for companies targeting Chinese market (works with Alipay, chinese payment platform) and who want to leverage APIs (suite of developer-focused APIs updated frequently) One page payment processing (no page or app redirects) CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 13 MARKETING Thanks to remarketing and personalization tools, marketers can target their users in more creative ways. But consumers are also bombarded with marketing content all the time. Aiming for industry averages on email open rates and notification opt-ins doesn’t cut it any more. Marketers must be able to answer questions like “Did my campaign actually drive someone to try, buy, and ultimately use our product regularly?” Andrew Capland, the Director of Growth at Wistia, the video hosting and analytics platform, realized he needed to answer this question shortly after he was hired. One of his first tasks was to convert more website visitors into signups. As he dug into what users did after signing up, he saw that although conversion rates had increased, only 20% of those new accounts were actually driving long-term value. Based on this analysis, Wistia shifted their strategy. Instead of just driving more conversions, they instead focused on how to get more value from the customers they already had. How did Andrew reach this conclusion? He combined data from their business intelligence tool, Mixpanel, and their CRM. By analyzing these data sources together and understanding their downstream effects, Andrew was able to spark positive changes that impacted more than just their marketing strategy. “And that really changed the way that we thought about new account generation, user onboarding, activation, and how to encourage new accounts to purchase.” Andrew Capland, Director of Growth at Wistia. Andrew and the marketing team at Wistia are the exception, though. The majority of companies still falter when integrating their tools. 27% of marketers have integrated best-of-breed stacks, but 42% admit their technology is ‘fragmented’ or ‘piecemeal’.3 When evaluating these marketing tools, remember that just because a marketing suite seems to check all the boxes, it doesn’t necessarily mean all those tools will play well together. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 14 CATEGORY Marketing suites: all-in-one suite of tools that span email marketing, advertising, mobile marketing, attribution, and more TOOL WHAT IT DOES BEST Best for B2C companies with extensive experience using the suite (customers cite technical support and services as areas of improvement4 ) Focused on content, data, and consumer engagement & experiences Strong integration with Adobe Analytics suite & Experience Manager, the content management system Best for companies who need robust, diverse marketing functions and who use a strong analytics solution in tandem (customers cite low scores in analytics5 ) Spans across marketing to commerce and supply chain Especially strong in managing and visualizing complete view of campaigns Best for B2B or B2C companies focused on cross-channel and cross-platform marketing campaigns with resources available for implementation (customers cite complex, challenging implementation6) Dedicated tools for either B2B (Eloqua) or B2C (Responsys) focus within suite Works best on large campaigns where ads and content work in unison Best for B2C companies who need a cloud-based solution with available IT resources to help manage (customers cite issues with support and setup that require IT help7) Strong multi-channel functionality, especially when used with Journey Builder Partnered with Google for advertising campaigns across Search, YouTube, and Gmail Powerful when integrated with other Salesforce solutions in sales and support, extensive integrations with other tools available in Salesforce AppExchange Marketing automation: trigger automated messages to your users based on actions or user qualifications Best for companies who focus on mobile messaging, marketing and engagement Transform data from many sources into “live” customer views that collect historical, in-the-moment, and predictive information to act on Provides a visualization & orchestration tool that allows for continuous, cohesive messaging experiences Operates as a modern “stream processing” system that creates an interactive feedback loop to immediately act on data CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 15 CATEGORY Marketing automation: trigger automated messages to your users based on actions or user qualifications TOOL WHAT IT DOES BEST Best for US-based companies with smaller marketing teams or less complex campaign needs (limited languages available, focus on out-of-the-box features) Simple, easy to use Known for helping generate leads through inbound marketing (blogs, email, social media) Best for small to mid-size companies who value speed and ease of use (lacks some enterprise features like automated list segmentation) Strong in email marketing; tight integration with Mandrill for transactional emails User friendly UI, which makes it easy to get up and running quickly Best for marketers with previous experience and companies prioritizing lead management, social, and email marketing (sophisticated campaigns can often require professional services) Integrates offline data, for non-digital marketing like events. Popular for low-volume, high-touch marketing efforts Best for companies who have a very high volume of email delivery Highly reliable for sending all transactional emails and email marketing Best for mobile-focused companies (lacks some non-mobile touchpoints like web in-app notifications) Specializes in mobile engagement through push and SMS notifications Used to supplement other marketing automation tools for companies looking for best-in-breed mobile engagement Growing into multichannel campaign management and investing in recommendation & optimization features CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 16 CATEGORY Personalization & testing: test changes and customize content to the specific requirements of a person based on data from the user profile TOOL WHAT IT DOES BEST Best for companies with complex testing and personalization needs (simpler solutions exist for more basic needs) Machine learning engine using predictive targeting to personalize user experiences Automatically recommends best experience for each user Best for companies with resources to help with coding and UI design needs Predictive 1-to-1 recommendations, not cohorts Strong customer profile management Real-time personalization to target for session intent Best for companies in retail who can use professional services Test, optimize, and personalize customer experiences. Great for those in the retail industry Target audience segments or create individual experiences. Supports cross-domain testing Included in Experimentation & A/B testing section Mobile attribution: tie the install of an app to a specific source Best for companies who don’t need to send notifications through mobile attribution tool (not supported) Measure the entire user journey and tie user behavior back to the original ad or reengagement campaign to analyze ROI, LTV, and user funnels Helps protect your data and marketing budget from performance ad fraud, only pay for legitimate engagements and scale with confidence Create targeted user segments, and retarget, engage, discover new users with Audience Builder CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 17 CATEGORY Mobile attribution: tie the install of an app to a specific source TOOL WHAT IT DOES BEST Best for companies who don’t need a landing page creation & hosting tool (not supported) Attribute every mobile install and conversion, measuring your media spend and LTV to optimize your ROI Boost your cross-channel conversions and user experience with integrated OneLink deep linking Best-in-class data accuracy and portability, automation, integrations, audience segmentation and fraud protection Best for companies who don’t need extensive admin restraints (can’t bulk delete links) Easy to track link performance across platforms and devices from one place Specializes in deep linking, mobile attribution Known to have especially technical and responsive support and product teams Best for companies worried about customer churn (provides predictive churn modeling) Analytics and configurable attribution to assist marketers in defining their quality, high lifetime value users A lightweight SDK capable of sending unlimited data points for analytics or syndication to other media partners Fraud prevention measures through traffic verification tools and Global Fraud Blacklist plus 13 visualizations of flagged data for fraud detection during a campaign Kochava Collective, an independent data marketplace with over 2.5B unique device profiles for audience discovery, insights, and enrichment Best for companies looking to keep attribution & mobile notifications in same tool Grow revenue by engaging with the right customers from acquisition through retention, increasing ROI Mitigate exposure to mobile fraud while improving privacy and data processing compliance, as well as system reliability Streamline measurement and management of mobile and digital marketing CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 18 CATEGORY Advertising: create ads, target your audience, and bid on ad placement, and then evaluate which facets of your advertising strategy are working. TOOL WHAT IT DOES BEST Best for companies who need a scalable, highly customizable advertising solution to purchase and sell ads Sophisticated automated bidding for the real-time sale and purchase of ads Designed for buyers with resources to build on APIs Machine learning features help clients with customization Best for companies with extensive experience and a large budget to navigate disjointed workflow Cross-channel advertising platform serving TV, search, and social Multiple search providers to target varied and international audience Best for companies more focused on raising awareness than driving conversions and who want to use Facebook data to build audiences Run across Facebook, Instagram, Messenger, and their Audience Network sites Photo, video, and interactive formats Can target users on interests, behaviors, and “lookalike” audiences (ie. a list of current customers) Best for companies focused on driving conversions, reaching the most users, and who don’t need to target based on behaviors or interests Ad network delivers across display, video, search, and apps Content management: create and manage your digital content to make sure it gets circulated efficiently Best for enterprise companies using the open source platform Drupal (only platform supported) Nurtures and leverages power of open source community Can build customer journeys through touchpoints with step-by-step KPIs Best for modern midsize and large enterprises with experience or access to solutions experts (customers cite a steep learning curve and difficult finding experts8) Digital experience platform to build, test, personalize, and optimize experiences AI-powered content marketing and personalization features Popular APIs for custom development and integrations CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 19 CATEGORY Content management: create and manage your digital content to make sure it gets circulated efficiently TOOL WHAT IT DOES BEST Best suited for midsize enterprises and those with an in-house .NET expert (due to investments in Microsoft Azure) Content management system focused on commerce experiences Best suited for midsize enterprises and those invested in Europe. Easy to scale, maintain, and use, so users can focus on innovation Best for companies needing robust functionality across content management, testing, delivery and analytics, with experienced users or available resources (customers say support and services need improvement, and extensive training required 9 ) New connectors and API-focused architecture make it easy to integrate Strengths in managing content, personalization, and surfacing useful insights Best for companies looking for a full-service solution rather than a point solution Unify first party, second party, and third party data Enables marketers to use data to inform all marketing activities from direct mail to television to websites Best for companies with a strong analytics solutions in place (customers cite analytics as an area of improvement10 ) Unifies data from across devices and channels to create customer profiles Tools built for advertisers and publishers Build segments for targeting and personalization; has Lookalike Audiences Data management target audiences Best for companies who need a robust, flexible platform and don’t need custom reporting (customers cite this as an area of improvement11 ) using anonymous Unify data across touchpoints to build complete data profiles. data and target Act on the data across advertising, commerce, and content experiences platform: create advertising campaigns to those audiences. Integrate 2nd and 3rd person data and use ML and data-science-as-a-service to surface automatic insights. Best for companies looking for an smaller vendor with higher-touch customer services (one of the last DMPs that remains independent) Unify online and offline data from mobile, social, search, and OTT Global data exchange with 2nd party data Plan and measure TV/Video campaigns using digital and viewership data CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 20 CATEGORY Data management platform TOOL WHAT IT DOES BEST Best for companies who don’t need tight integrations within Oracle suite or outside vendors (customers cite this as a strong area of improvement12) Personalize digital, mobile, and offline marketing campaigns Combine data with huge 3rd party audience sets Oracle ID Graph - unifies disparate data sources to help marketers reach targets across all their touchpoints Survey: collect and analyze customer feedback Best for companies who want to survey customers across all channels and don’t need strong demographic targeting or extensive integrations Measure customer, product, brand, and employee experiences Survey via email, SMS, mobile, phone, website, social channels and offline surveys Best for small to mid-size companies who don’t have very complex survey requirements (doesn’t support enterprise features like filtered questions or complex skip rules) Easily implement surveys for employees, research, & to gather customer feedback Usability and pre-built templates make it easy to scale and use across different teams Customer data platform: unify all customer data, behavior, and profiles from internal and external sources Best for companies with extra focus on mobile (was originally mobile only) Foundational data layer with a flexible data schema and 175+ pre-built connectors Can collect data from web, mobile, connected devices, backend systems, and more, with deep integrations and SDKs that support mobile-specific use cases that web-first tools can’t AudienceSync allows marketers to build and sync audience lists across platforms for multi-channel campaigns and experiences Strong encryption, governance controls, and live monitoring to protect customer data and privacy Best for companies who want to get started quickly and test it out (free version offered) Simplify data collection with one API, to integrate 200+ tools with the flip of a switch Excels at collecting customer data across all channels: web, mobile, and server, so that regardless of source, data is unified Broad integration catalog, 100+ integrations available server-side, so can enable data flows while limiting client-side code, avoiding latency, and reducing app bloat CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 21 SALES AND SUPPORT Due to the endless supply of information on product blogs, software review websites, research firms, and via word-of-mouth, customers are more informed about companies and their competitors than ever before. Plus, they also expect that sales and customer support teams understand their problems and can anticipate their needs. For instance, “83% of business buyers say it’s absolutely critical that the sales person has intimate knowledge of their product or service offerings”13 . Acquiring that “intimate knowledge” could be the difference between a happy paying customer and a missed opportunity. For example, if a sales rep at a SaaS company can see that their prospect on the free trial keeps hitting feature gates when they try to invite new users, they can tailor their outreach better and deliver the pitch with confidence. But if they aren’t aware of the 10 support tickets the prospect submitted while trying to set up a new flow, they risk appearing uninformed or overconfident. In order to get this knowledge, sales teams need to be able to combine a CRM like Salesforce with other data sources, like user behavior data in Mixpanel and customer support data in Zendesk. Similarly, support teams need all the help they can get in keeping their customers happy and loyal. Customers are impatient, as “83% of business buyers say it’s absolutely critical to immediately be routed to the agent who is most knowledgeable about their company’s issue”.14 In order to meet these expectations, support and success teams need an inside view into their customers’ behavior in their products. If a customer writes into support because they can’t login to their app, the support agent should be able to see the actions leading up to the issue, the browser they’re on, their app version, and so on, before sending even one email or chat. For customer-facing teams to deliver the best, most personalized customer experience possible, they need a clear view of customer activity and an organized, efficient way of communicating with them. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 22 CATEGORY Support and success: manage customer support communications and monitor account health. TOOL WHAT IT DOES BEST Best for companies focused on boosting productivity among customer success teams who use another support tool in tandem Helps model and predict churn of current customers Discover opportunities for upsells and cross-sells through deeper customer success tracking Best for small to midsize companies focused on delivering extremely personalized customer support experiences (offers features like user profiles or smart suggestions) In-product messaging and live sales chats to capture, qualify, and convert leads Targeted messages to nurture users on their journey Help desk and public knowledge base for easier customer self-service Best for midsize to large customers with enterprise-level feature needs who need automation capabilities Customer support across phone, email, chat, SMS Dashboards and team performance metrics Better case management with smarter routing and customer history data and case workflows Best for small to large size customers looking for a scalable solution that can be widely integrated (Zendesk marketplace offers 700+ partner apps) Track, prioritize, and solve customer tickets Multilingual, multi-brand. Email, social, live chat, phone, text all available Macros for automation. Easy team collaboration. Strong support data analysis CRM: manage the process of nurturing leads into customers, and keep track of your team’s progress. Best for companies with robust reporting and customization needs, and available resources to help with implementation Makes it easy to segment and follow up with contacts on a regular basis Campaign and marketing automation is strong suit CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 23 CATEGORY CRM: manage the process of nurturing leads into customers, and keep track of your team’s progress. TOOL WHAT IT DOES BEST Best for companies who need enterprise resource planning and want to leverage social selling features (strong after LinkedIn acquisition) Predictive lead scoring, opportunity management, and relationship health metrics Social intelligence for sentiment and competitive trends Reporting and dashboards with performance gamification Best for companies with most robust reporting and tracking needs looking for cloud-based solution with extensive data governance functionality Rated #1 CRM platform with robust features including segmented sales data, forecasting, and team performance management) Helps with in-person or digital selling, includes quote to cash process automation Large user base, up and down market with a set of industry specific products Smart recommendations for top leads and next steps Best for B2C companies (not architected for account-based marketing) Flexible CRM build with open-source components Extendable through add-ons and customizations Available on-premise or in the cloud CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 24 HOW MIXPANEL POWERS THE DATA ECOSYSTEM Everything we’ve built at Mixpanel was designed with an open data ecosystem in mind. Mixpanel’s architecture was purpose-built to enable data to flow seamlessly in and out of Mixpanel. Through turnkey integrations, APIs, and partnerships with data pipeline tools, Mixpanel provides teams within an organization a more complete view into the user journey. For years, Mixpanel has helped companies of all shapes and sizes understand how people are behaving on their digital properties. Funnels help companies better understand how behaviors lead to conversion. Retention reports show how actions correlate to user retention; in other words how products and marketing campaigns return value to the user & drive deeper user engagement. Machine learning models automatically surface deep user insights, so teams can spend less time data mining and more time taking action. All these reports become exponentially more powerful when user behavior collected by Mixpanel is paired with data collected in other tools across the organization. ANALY TICS THAT RUN ON THE ENTIRE CUSTOMER JOURNEY When analytics run on the entire customer journey, teams have a competitive advantage. Remember Andrew at Wistia? If his team had simply focused on increasing conversion rates, without understanding the value those newly converted customers actually provided, Andrew’s business insights would have steered the company in the wrong direction. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 25 Mixpanel transforms your user data from online and offline sources With a specialized platform like Mixpanel, teams can go to one place and see all the different interactions between users or prospects and a company. Support agents can see how their efforts influence customer retention, and marketers can see which campaigns lead to the most valuable long-lasting customers. These enriched user profiles enable teams to analyze user behavior in much more detail, so they can each take targeted, effective action that ultimately benefits the customer. Combine data from all your sources to build targeted cohorts of users based on their behavior CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 26 Taking more effective action might be in the form of sending a promotion at a specific time, or creating a new strategy to drive upgrades. A customer success manager can use user behavior data to influence account health scores in a CRM like Salesforce, so they can identify at-risk customers and re-engage them. For a designer, it might mean targeting power users on the paid plan with high NPS scores with an invitation to participate in a user research session. Enable teams across your organization to take more effective action and make smarter decisions. When these insights live in Mixpanel, they can be used by teams across the organization. For example, Lemonade, a renters and home insurance company, creates Mixpanel accounts for new employees as part of their onboarding process to ensure everyone has a way to selfserve answers to their questions. CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 27 “We want people to engage with data, ask questions, and find the answers in data to make the right decisions... Nearly everyone here uses Mixpanel, so we are all empowered to make informed decisions with data. For example, when we release a new innovative feature and measure it with Mixpanel, we see its direct impact on the business.” Gil Sadis, Head of Product at Lemonade Today, 95% of all employees at Lemonade use Mixpanel to surface insights about their users and measure the effects of their actions. As a result, their marketing team doubles the rate of acquiring new policyholders every ten weeks, their product managers save half a day’s work every week, and their UX designers increased the overall purchase rate by 250% with a revamped navigation design. Because decision-makers at Lemonade can be independent and do the analysis necessary to make decisions and measure their impact, it makes for a more efficient, competitive organization as a whole. CONCLUSION Whether you’re looking for a new mobile marketing tool, or starting from scratch, the process of evaluating and selecting the right tool can be confusing. Use this guide as a starting point for selecting your initial list of tools to consider, and keep an eye out for our next paper, where we’ll dive even deeper into the tool evaluation and selection process. Or if you’re looking for a way to get more ROI out of the tools in your stack, let Mixpanel help. Join the 20,000 other customers who use Mixpanel to build better products and customer experiences, and take more intelligent action every day. TO LEARN MORE ABOUT HOW MIXPANEL CAN HELP TEAMS ACROSS YOUR ORGANIZATION ANSWER MORE COMPLEX QUESTIONS AND TAKE MORE INTELLIGENT ACTION, EMAIL INQUIRIES@MIXPANEL.COM OR CALL: (888) 510-2370 MIXPANEL.COM • INQUIRIES@MIXPANEL.COM • (888) 510-2370 CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 28 Endnotes 1 Forrester Research, Inc 2 MuleSoft Connectivity Benchmark Report 2018 3 Walker Sands State of Marketing Technology 2017 4 Magic Quadrant for Multichannel Marketing Hubs, Gartner, published 4/24/18 5 Magic Quadrant for Multichannel Marketing Hubs, Gartner, published 4/24/18 6 Magic Quadrant for Multichannel Marketing Hubs, Gartner, published 4/24/18 7 Magic Quadrant for Multichannel Marketing Hubs, Gartner, published 4/24/18 8 Magic Quadrant for Digital Experience Platforms, Gartner, published 1/17/18 9 Magic Quadrant for Digital Experience Platforms, Gartner, published 1/17/18 10 The Forrester Wave™: Data Management Platforms, Q2 2017, published 6/1/17 11 The Forrester Wave™: Data Management Platforms, Q2 2017, published 6/1/17 12 State of the Connected Customer, Salesforce, 2018. 13 State of the Connected Customer Salesforce, 2018. 14 The Forrester Wave™: Data Management Platforms, Q2 2017, published 6/1/17 CHOOSING THE RIGHT TOOLS TO DRIVE INNOVATION AND GROWTH • 29