Multi-Touch Attribution: Moving Beyond Overly Simplistic First- and Last-Click Models

Giving 100% of the credit for a sale to the channel that either attracted the customer by generating the first click of an interaction or closed the deal by producing the last click made sense in the early early ’00s when the average consumer used two touchpoints when buying an item. However, consumers today use an average of almost six touchpoints, according to research by Aberdeen, Oracle, and Relationship One.

In our omnichannel world, single-touch attribution is simply too out of sync with consumer behavior. To appropriately attribute marketing activity today requires use of a multi-touch attribution model, of which there are many. Each assigns different weights to different points in a customer journey, with some of the more important ones being…

>> Read the entire post on Oracle’s Modern Marketing Blog

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