Business Case: Value Assessment for Marketing Mix Modeling
Marketing Mix Modelling (MMM) is a powerful tool for assessing the impact of marketing campaigns and optimizing the budget allocation between different activities. But how to assess the impact and ROI for MMM?
Measuring the potential business impact for a MMM solution can be tricky since there are several units of value a solution can provide. These units of value delivery include financial benefits, such as cost savings and revenue growth, increased ROI, but also non-financial ones like, increased employee productivity and improved operational efficiency….to name a few.