Marketing Budgets Shrink 15%. Here’s What CMOs Had to Say
The Gist: Budget decline. Marketing budgets have dropped to 7.7% of company revenues in 2024, a 15% decrease. Strategic shifts. CMOs are increasingly adopting data-driven approaches and cost-effective strategies to cope with budget cuts. AI utilization. A majority of CMOs view artificial intelligence as a crucial tool to enhance efficiency and drive growth despite financial…
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