Marketers are sitting on untapped martech ROI. Michael Nicolosi of Jellyfish explains that the problem isn’t that they lack the right tools, but that they haven’t activated them effectively yet.
Every tool in your stack should have a defined business outcome, explains Nicolosi
When I first got into analytics, I was fascinated by how much we could track in the browser. You could fire an event when a user hovered over a button for 3.85 seconds, scrolled exactly 55% down the page, and then clicked ‘add to cart.’ Cool, right?
Except…was it useful? What decision did it drive? What outcome did it influence?
The truth is, most of what we were doing wasn’t analytics. It was technical theater. Look at how awesome we are! So, before you buy that next thing. That shiny platform, that customer data platform (CDP), that custom-built AI model, ask yourself: What’s the real business outcome that this is driving and how do we know if it’s succeeded?
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When most companies think about martech success, they focus on implementation. ‘We stood up the platform,’ ‘it’s feeding into the dashboard,’ ‘the events are tracked properly,’ ‘the data quality metrics pass.’
While all of these may be important, none of this guarantees value.
Value is business impact. It’s a measurable, meaningful change in how the business performs. Whether that’s reduced cost per acquisition (CPA), improved lifetime value (LTV), higher conversion rate, or more efficient media spend. With these, you can calculate what the impact is on the financial metrics on an income statement.
One time, I had to pitch Google Analytics 360 to a CMO of a large educational institution. He asked: “If I buy this, what’s the impact on EBITDA for our business?” I froze. There was a long, uncomfortable pause until a more senior teammate stepped in.
Because, at the time, I couldn’t answer it. I was thinking in terms of tags and dashboards – not outcomes. From that moment on, I made a shift by realizing that all this tech and tooling has to be on-value, not just on-time or on-budget.
One common issue businesses face is the accumulation of data without action. You collect it, maybe even analyze it, but then it sits in dashboards instead of triggering action. An example would be a churn model that is built and scored, but never integrated with campaign automation.
Another common pitfall is poor adoption. For example, a CDP that is deployed but is then unused because the teams haven’t been trained on relevant use cases or workflows.
Siloed execution also drains value. One problem is that marketing, analytics, customer relationship management (CRM) software, and media all run on disconnected systems and KPIs. For example, GA4 measures web and app conversions but doesn’t join data with your CRM’s offline data for audience activation and bidding.
Lack of ownership also undermines outcomes. Everyone touches the stack, but no one owns the result. And KPIs stay platform-level, not business-level.
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You need more than implementation. You need an operating model that turns tools into outcomes. An ’on-value martech framework’ is built on four principles that can transform Martech from sunk cost to a growth engine.
Prioritize adoption. Tools only create value when used. Invest in training, documentation, and playbooks that turn capabilities into daily action. If your team can’t use it, it’s shelfware.
Activate insights. Data should trigger a next step, like a churn score powering a retention campaign. Knowing isn’t enough. Doing is what matters.
Tight integration. Disconnected tools slow you down. Build a stack that acts like a system and not patchwork. Validate integration and use cases before you buy. Assumptions will cost you.
And, drive value accountability. Every tool should have a clear owner and a defined business outcome from return on ad spend (ROAS) to LTV. Implementation is not the only success metric.
When these four principles are in place, martech can better deliver on its promise: faster decisions, smarter campaigns, and real business growth.
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I’ve seen many martech proposals fail because they focus on features, not outcomes. To build a compelling business case that secures budget and drives value, start by defining the business problem. What’s the cost of inaction? For example, you might be losing $400,000 annually to churn, simply because you can’t identify at-risk customers.
Then, link Martech to outcomes. Tie use cases to real business results. A CDP, for instance, becomes far more compelling when positioned as the foundation for retention automation, with an expected 8% lift in customer total value (CTV).
Forecast financial impact. Speak the CFO’s language, including revenue growth, margin gains, and unlocking operational efficiencies.
Assign ownership. Designate who owns activation and ROI tracking. Unowned tools become unused tools.
Use a value calculator. Build a simple model that translates features into potential impact. This not only helps justify spending. It builds alignment across teams and accelerates adoption once the tool is live.
And, stop measuring implementation. Start measuring outcomes. Martech doesn’t fail at purchase. It fails at activation.
Managing the activation gap and plugging the value leaks is how you turn your martech stack from a cost center into a growth engine.
Jellyfish
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