|By Marketwired .||
|July 8, 2014 07:00 PM EDT||
CHICAGO, IL -- (Marketwired) -- 07/08/14 -- Signal, the global leader in real-time, cross-channel technology, enabled leading online survey platform SurveyMonkey to test and compare the performance of two retargeting vendors, resulting in a 33 percent reduction in customer acquisition cost, Signal announced today.
Seeking to optimize its media spend, the web-based survey company used Signal's patented platform to conduct a controlled experiment, known as an A/B test, evaluating an incumbent vendor against the performance of a competitor to learn which media services company provided superior results.
"A/B testing allows marketers to make data-driven decisions that take the guesswork out of optimizing their investments," said Marc Kiven, Founder and Chief Revenue Officer at Signal. "But because vendor evaluations and other A/B tests are so technically complex to execute, marketers often find it difficult to justify the time and IT support involved."
Signal's Open Data Platform enables marketers to make their customer engagement data and marketing technologies work better together. A component of the platform, Signal Tag, allows non-technical users to configure bits of data-collection code, called "tags" or "web beacons," in seconds, breaking free of lengthy IT cycles.
"Signal's extensive network of digital marketing vendor integrations made it simple for SurveyMonkey to deploy retargeting providers for participation in the test," said Kelly Davis, Senior Vice President of Client Services at Signal. "The flexibility of Signal's platform made it quick and easy for SurveyMonkey to set up sophisticated data-collection rules that provided precise results, without the need to write code. The test resulted in robust data on customer conversions that showed which vendor produced the most cost-effective, retargeting campaign results."
"We hired Signal to enhance our website data collection but quickly realized that its platform provided us with a lot more than tag management," said Gallant Chen, Director of Online Marketing at SurveyMonkey. "Signal gave us an advanced tool for obtaining granular insights into customer behavior, helping us to reduce customer acquisition costs and strategically increase the ROI on our targeting campaigns."
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Signal is the global leader in real-time, cross-channel marketing technology. The Signal Open Data Platform helps marketers collect data from any offline or online source, synchronize that data across all consumer touch points, and deliver it to any marketing or analytics endpoint -- all in real time. The platform is ecosystem-neutral and helps data and marketing technologies work better together driving increased engagement, loyalty and conversions.
Signal's technology runs on 35,000 digital properties in 158 countries. Our platform facilitates billions of requests monthly, supporting top brands that generate more than $1.5 trillion in commerce, including Allstate, Audi, Crate & Barrel, DeVry University, GAP, JetBlue Airways, Macy's, 1-800-Flowers, Starcom MediaVest Group, Starwood Hotels and Resorts, and many more. Visit www.signal.co to learn more and follow Signal on LinkedIn and Twitter.