Understanding how data enrichment can be applied in real-world scenarios to drivebusiness results and improve operational efficiency.
Start Enriching NowChampion Challenger Test: A champion challenger test is a strategy used to compare the effectiveness of a current system or process (the "champion") with a new alternative (the "challenger") to determine which performs better.In the context of data enrichment for digital marketing and sales automation, a champion challenger test involves evaluating different data strategies or algorithms to optimize customer engagement, targeting, and personalization efforts. Businesses employ this method to ensure that their data-driven decisions are based on the most efficient and effective processes available. By continuously testing new challengers against the established champion, companies can adapt to market changes and leverage the latest technologies. This iterative testing approach helps organizations improve outcomes, such as increased conversion rates or sales, by refining their data enrichment techniques. Ultimately, champion challenger tests are crucial for maintaining competitive advantage and ensuring that marketing and sales strategies are grounded in robust, data-driven evidence.
For example, a B2B software company implemented a champion challenger test to optimize their lead scoring system. The champion was their existing model that weighted leads based on company size, industry, and website engagement. They introduced a challenger model that incorporated additional data points from intent signals and technographic information. Over a 60-day testing period, the challenger model identified 22% more sales-ready opportunities and resulted in a 15% higher conversion rate from marketing qualified lead to closed deal. Based on these results, the challenger became the new champion, and the company now regularly tests new data enrichment approaches against it to continuously improve their sales efficiency.
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