When Tom Libretto came to Pegasystems as Chief Marketing Officer in 2016, he recognized that the tech company was in the midst of a big change. Leadership was challenging many of their preconceived notions, and Libretto jumped right in to propel the changes. His first step was to get the lay of the land, so to speak, and understand what was working and what wasn’t, who were the star performers, and where the opportunities were for growth. Having worked at Lotus, Nokia, and Chase, Libretto brought with him an understanding of the discipline it took to effect change in a company. (To listen now, click here.)
For the smaller, more agile Pegasystems, Libretto knew he wanted to embrace real-time adaptive learning analytics. In this week’s podcast, he shares three takeaways for marketers to keep in mind as martech takes a hold on modern marketing.
The first takeaway is that if you’re selling a product to your consumers, you’d better be your product’s best user. One advantage Libretto had at Pegasystems is that their platform was one of the star performers. In fact, it was such an amazing product that they used PEGA to market, well, PEGA! Libretto described this as “drinking their own champagne,” but it helped convey a serious level of authenticity to customers. His team was also able to gain a unique perspective on their users’ issues and needs. And if the team ever created an update for the software they used in-house, it was automatically shared with their customers.
The second takeaway Libretto stressed is that the future of marketing is now. Some of us fear that the rise in cognitive artificial intelligence will put them out of our jobs, but the reality is that AI allows us to create a more personalized, seamless experience for customers. For example, with real-time adaptive learning analytics, Pegasystems is engaging in constant A/B testing. The time of “one-size fits all” marketing is in the past, but that doesn’t mean there isn’t a need for storytelling. Marketers will likely always need human stories to engage with consumers on a deeper level. Technology simply makes it easier.
The final takeaway Libretto shared was actually one of the hardest lessons he had to learn in marketing, and that was, “Don’t be afraid to fail.” It’s in our nature to want to please our clients and sell products, but sometimes you must fail in order to learn. The most important part of failing, however, is learning from it. Libretto made sure his team knew to diagnose their failures, because then at least they wouldn’t make the same mistakes again. So, while Libretto wouldn’t tolerate all mistakes, per se, he made sure his team remembered: “If you’re not failing, you’re not learning.”