Singapore – B2B marketing leaders in the APAC region are displaying renewed optimism, with nine in 10 bullish in their teams’ ability to drive revenue in the upcoming year, according to a new research report from LinkedIn.
The LinkedIn report further reveals that approximately three-quarters of B2B marketers in APAC (74%) anticipate budget increases.
According to the report, despite 74% of B2B CMOs in APAC finding it challenging to prioritise reaching buyers amidst numerous demands, the majority (91%) affirm that success hinges on relationship building. Hence, fostering “collective confidence” among purchasing decision-makers is deemed crucial for the forthcoming year.
To establish strong connections with the buyer group and maintain a top-of-mind presence, creativity is crucial. The report found that nearly three-quarters (74%) of B2B marketing leaders in APAC are prioritising bolder creative strategies, with 62% noting that these efforts significantly enhance brand engagement and drive conversions.
Marketing professionals globally are also leading the charge on AI adoption and building AI proficiency as they look to improve ROI.
The LinkedIn report showed that in APAC, two-thirds (67%) of B2B marketing leaders are leveraging generative AI applications in their marketing efforts, reporting significant improvements in productivity (41%), faster content creation (37%), and cost efficiencies (33%).
LinkedIn data also found a 142x increase in LinkedIn members globally adding AI literacy skills to their profiles, with marketers topping this list. ‘Artificial Intelligence’ is the fastest-growing digital skill for CMOs globally, based on the skills CMOs have added to their LinkedIn profiles in the past year.
To help B2B marketers reach and engage all members of the buying group and build collective confidence, LinkedIn also introduced new products, including ‘The Wire Programme’ and expanded AI capabilities in ‘Accelerate’.
With video uploads on LinkedIn rising by 45% year-over-year, LinkedIn is piloting the ‘Wire Program’—a new initiative enabling brands to run in-stream video ads alongside content from trusted publishers. The programme is currently being tested with select publishers, including Barron’s, Bloomberg, Business Insider, Forbes, LinkedIn News, MarketWatch, NBCUniversal, Reuters, The Wall Street Journal, and Yahoo! Finance, to help marketers reach the growing audience of digital video consumers.
The Wire Programme will be available in all languages for global advertisers seeking to sponsor content with these publishers, although EU member targeting will not be available at launch.
LinkedIn is also enhancing its AI-driven campaign creation and optimisation tool, ‘Accelerate’. Marketers can now craft engaging creatives using Microsoft Designer and fine-tune their targeting by excluding specific companies and third-party lists. Additionally, they can receive expert guidance from the new AI marketing assistant. Advertisers using Accelerate are achieving 15% greater campaign efficiency and reducing cost per action by 52% compared to traditional campaigns.
Accelerate’s new features include the integration of Microsoft Designer, enabling marketers to easily build and customise creatives. Additionally, AI will be used to merge brand data, such as customer lists and conversion data, with LinkedIn’s platform data to identify individuals most likely to engage with ad campaigns. The AI marketing assistant further enhances campaign building by offering recommendations, such as adding data sources for better targeting, and assisting with tasks like budget adjustments.
Matt Tindale, head of enterprise for APAC at LinkedIn Marketing Solutions, said, “Cultivating meaningful relationships is key to influencing the buying behaviour of B2B decision-makers. This is especially true for APAC, where decisions involve lengthy consideration and are driven by emotion. To develop this “collective confidence” amongst those involved in B2B purchasing, brand building through bolder creative campaigns will drive success in the year ahead.”
“Under the pressure of budget cuts and the constant need to prove ROI over the past year, APAC B2B marketing leaders are turning to generative AI and displaying renewed energy in boosting content creation and productivity to push brand building. In addition to improving memorability, this will enable them to uncover new audiences and boost campaign performance,” he added.
Meanwhile, John Rudaizky, global chief brand and marketing officer at EY, shared, “In a rapidly changing market, brand building, creativity, and confidence are key to influencing buying groups. B2B marketing is no different from consumer marketing in the sense that engaging emotionally and with creativity are essential, with LinkedIn providing the perfect environment to talk directly to clients and talent alike.”
Sean Johnston, VP for advertising at Closed Loop, also commented, “Accelerate campaigns far surpassed the lead conversion performance we saw from even our best-performing manual audiences for Calendly. The lead form completion rate increased over 3X and delivered a 66% cheaper cost per lead (CPL). The higher conversion rates and more efficient CPLs really convinced me this works.”
Accelerate campaigns are gradually ramping up for customers globally and will be available to all customers in the coming months. Accelerate is available in all languages in Campaign Manager, but AI-generated creatives are currently available in English only.
