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MarTech Day: MarTech has plateaued, enterprises should focus on consolidation

MarTech Day: MarTech has plateaued, enterprises should focus on consolidation

Time of India06-05-2025
MarTech
, or
marketing technology
, enables
personalised customer experiences
and leads to increased engagement, higher conversion rates, and overall business growth. Over time, MarTech has grown by leaps and bounds, evolving from creating simple campaigns to now sending personalised recommendations to customers.
On
MarTech Day
, an esteemed panel of speakers, including Chirantan Sharma, product head, FNP; Dilpreet Singh, head of loyalty,
CRM
and partnerships, ITC Hotels; and Antriksh Johari, MarTech lead, Tata Digital, came together to share their thoughts on the evolution of MarTech.
Going first, Singh shared his thoughts on how MarTech has evolved over the years.
He said, 'Two decades ago, CRMs were little more than Excel sheets, and loyalty programmes relied on physical cards. Over time, we transitioned to mobile apps and email automation. Today, we operate in an era of hyper-personalisation, where we are orchestrating customer experiences using MarTech tools. However, despite an abundance of tools, data silos persist, hindering seamless integration, and these barriers must be dismantled.'
According to Singh, one of the biggest changes in the MarTech space has been the advancement in real-time, context-aware personalisation, which he likens to invisible intelligence.
In the hospitality industry, MarTech platforms can now recommend room upgrades, tailor food and beverage options, or adjust room settings based on a guest's preferences, all without human intervention.
For Johari, MarTech today extends beyond mere marketing automation software; it's an ecosystem that integrates all data streams to deliver personalised customer experiences. A critical feature driving this evolution is the seamless management of customer journeys, which was previously unattainable. Now, MarTech is empowering marketers to have complete control over these journeys.
While Johari and Singh view the evolution of MarTech as a tool that integrates multiple data streams, the defining feature for Sharma is personalised recommendations.
Sharing his thoughts, Sharma said, 'Five years ago, I viewed disconnected channels such as SMS, email, and emerging platforms like WhatsApp as a significant challenge. However, MarTech has changed that. Today, the focus has shifted to personalised recommendations, enabled by behind-the-scenes behavioural data analysis. We are now adopting a proactive approach using personalised recommendations, reshaping how we engage with customers.'
Having said that, it is important to ask what the future of MarTech looks like.
Sharma mentioned that MarTech has plateaued in 2025. Elaborating on his stance, he said, 'We're currently overwhelmed by an abundance of MarTech tools, leading me to adopt a ruthless approach to eliminate redundancy. MarTech is not just about amassing data; it's about using it effectively within the right context.
In 2025, I believe MarTech has plateaued, prompting a focus on consolidation and simplification to streamline customer journeys. While AI's transformative potential is undeniable, the key lies in seamless integration and a unified platform that delivers end-to-end solutions.'
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Best Online Microsoft Excel Certification Courses for Professionals in 2025
Best Online Microsoft Excel Certification Courses for Professionals in 2025

Time of India

time5 hours ago

  • Time of India

Best Online Microsoft Excel Certification Courses for Professionals in 2025

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WhatsApp Restrictions Worldwide: From China's Full Ban to UAE's Partial Ban
WhatsApp Restrictions Worldwide: From China's Full Ban to UAE's Partial Ban

NDTV

time5 hours ago

  • NDTV

WhatsApp Restrictions Worldwide: From China's Full Ban to UAE's Partial Ban

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Hotels raise stakes on pandemic-era bets to ramp up revenue playbook
Hotels raise stakes on pandemic-era bets to ramp up revenue playbook

Time of India

time7 hours ago

  • Time of India

Hotels raise stakes on pandemic-era bets to ramp up revenue playbook

Hotel chains are raising their bets on new businesses started during the pandemic-era, with some even emerging as critical revenue generators. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker From home delivery of food to boutique stays, and retailing sleep essentials, hotel chains had entered into diverse segments to sustain their businesses amid severe disruptions caused by the pandemic. Besides Tree of Life and a reimagined Ginger brand, Indian Hotels Company 's (IHCL's) new business vertical also includes home stay brand ama Stays & Trails and Qmin. Initially launched as a gourmet food delivery app during Covid-19, Qmin has since transformed into a multiformat concept. Deepika Rao, executive vice president of new businesses and hotel openings at IHCL said Qmin, with its multiformat presence across all-day-diners at Ginger hotels, lifestyle cafes, food pods and QSR outlets at airports has over 90 outlets, while ama Stays & Trails will scale to over 500 bungalows in the next few years from over 300 currently. "Under Accelerate 2030, IHCL's five-year strategy road map, the new business vertical is set to deliver a revenue CAGR of over 30%," she said. Launched in 2021, ITC Hotels' Gourmet Couch started out as a means to bring the hotel chain's signature dining experiences to homes. Today, Gourmet Couch is available through the ITC Hotels App, as well as popular food delivery apps across locations such as Delhi NCR, Agra, Jaipur, Kolkata, Hyderabad, Bhubaneswar, Guntur, Mumbai, Bengaluru and Ahmedabad. ITC Hotels also launched a boutique hotel brand Storii, which currently has seven operating properties across Goa, Kolkata, Manali, Solan, Dharamshala and Jaisalmer. In 2021, it also launched the first ITC Hotels Sleeep boutique at New Delhi's ITC Maurya, offering a collection of sleep essentials. These boutiques have since expanded to cities such as Bengaluru, Chennai, Hyderabad, and Kolkata. "These innovations are not just pandemic stop-gaps; they have expanded our reach, and created new ways to engage with guests," said a spokesperson for ITC Hotels. Radisson Hotel Group launched Radisson Individuals during the pandemic. The segment offers independent hotels the ability to retain their own character while gaining access to Radisson Hotel Group's distribution reach and loyalty programme. Nikhil Sharma, MD and COO, South Asia, at the chain said this model has seen strong interest from hotel owners, with 20 hotels currently operational across locations such as Imphal, Kasauli, Dhanbad, Yavatmal, Jim Corbett, Udaipur, Gopalpur, Katra, and Navsari. "We are also launching in locations such as Bhubaneswar, Gwalior, and Shirdi," he added. The past five years have been one of the most transformative in modern hotel history, said Nandivardhan Jain, founder and CEO of Noesis Capital Advisors. He said hotel chains have been forced to rethink their strategies to cope with factors such as the Covid-19 impact, structural shifts in traveller demographics and booking behaviour. "The result has been an accelerated introduction of new hotel formats that are fundamentally altering the economics of hotel development and operations," said Jain. "The boutique segment has moved from the periphery to a central growth pillar for many chains. Smaller inventory footprints (20-80 keys), and immersive local positioning have enabled chains to tap into a segment that delivers higher yield and faster recovery cycles than conventional upscale brands," he added.

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