Category: Sector

Industry analysts play an important and often underappreciated role in validating and
endorsing your vision, strategy, technology proposition and road-map. While analyst
relations is critical on a global scale, UK and European based analysts also deserve
dedicated focus as tech firms scale across the region.

European analysts act as key influencers during the IT purchasing process. IT
decision makers routinely consult analyst research and perspectives to guide their
spending. It’s not critical to have paid relationships with all the firms, but it’s essential
to brief European analysts from the ‘big dog’ firms, as well as the boutique analysts
in the region.

When managed strategically, analyst relations can lend third-party validation from
these respected experts, and if all goes well, will confirm your value proposition and
help accelerate the sales cycle. And, when analysts disagree with you, they will say
so, and those insights are like gold-dust!

Every AR plan is different, but do consider a phased approach that includes the
following:

• A situational analysis to map existing global and European analyst relationships
• Identification and research of the most appropriate target analysts
• Assessment and clarification of your vision, strategy, proposition, technology
  road-map, competitive USPs and European business momentum plans/evidence
• Develop the right analyst presentation (with clarification of what’s under NDA)
• Ensure that your executives are prepared, briefed and coached on delivery
• Stay engaged with analysts with regular business updates
• Consider paid relationships, where they are mutually beneficial (and affordable)
• Perform periodic perception audits to assess progress
• Continue to monitor the impact of the analyst programme

Analysts offer market intelligence and will identify gaps and opportunities for your
company and message, so ignore their feedback at your peril.

In today’s competitive B2B technology landscape, European industry analysts are a
vital but sometimes underappreciated audience. A strategic approach in the region
can illicit valuable insights, lend validation, build advocacy, encourage buyer trust
and shorten that sales cycle.

So, what are you waiting for?

And, don’t hesitate to contact us to discuss your Comms Strategy and/or Industry Analyst Relations programme.

Bill Gates once said, “If I was down to my last dollar, I’d spend it on PR.” This always made sense–but in the complex business world of 2023 it’s one tip that all scale-up tech business leaders should be following.

Why? In recessions, businesses are tempted to shift their marketing spend to bottom-of-the-funnel activities, as these may drive more immediate results. But while that’s clearly important, savvy marketing leaders, and CEOs, like Mr Gates, also never lose sight of the long-term benefits of maintaining investment in communications.

Here are just four reasons why maintaining a balanced marketing approach is key:

1. Maintaining Brand Visibility: In a downturn, you may be tempted to prioritise short-term conversion. The problem: this could diminish your overall brand visibility. Even at the bottom of the cycle you need to keep ensuring you remain visible to your target audience, especially those that are not ready to buy right now but may do so in 6-12 months’ time. Consistent brand presence builds recognition, recall and trust, which are vital for sustained success beyond immediate sales.
   
2. Gaining a Competitive Edge: While bottom-of-the-funnel activities may yield quick wins, maintaining PR during tougher times will allow you to sustain your competitive differentiation. Authentic thought leadership, ‘earned’ media coverage, solid analyst relations, and peer recognition via success in industry awards, for example, all build your share of voice, help you stand out in a crowded market and ensure long-term growth and market share.
   
3. Follow the Money: While bottom-of-the-funnel activities demonstrate immediate revenue, smart investors look longer term too. Therefore, maintaining a sensible comms investment enables tech firms to communicate their value proposition more effectively, build reputation, and keep their potential to funders visible.
   
4. Attracting Talent & Partners: In challenging times, the job market becomes ultra-competitive, with talented workers seeking financial and non-financial rewards. They won’t come to you if you’re invisible—and neither will partners (e.g., distributors, SIs or VARs) who are also on the lookout for new potential revenue streams from exciting vendors. PR plays a twin role here in showcasing your culture, values and your technology USPs, and is a core element in helping you attract (and retain) top talent and partners.

Summing up: while bottom-of-the-funnel marketing activities must continue, scale-up technology firms should consider the long-term benefits of investing in comms.

Maintaining brand visibility, gaining a competitive advantage, attracting investors and attracting/retaining top talent/partners are four reasons why–but a balanced marketing approach that encompasses both short-term gains and long-term sustainability is always the basis for success when the economic headwinds are uncertain.

Connect with us today to see how we can help restore your marketing balance.