Conference & Meetings World Issue 103 | Page 12

ICEINSIGHTS 2019 How to measure success ACCORDING TO NEW RESEARCH BY ICE, THE WAY WE MEASURE EVENT SUCCESS HAS CHANGED. CMW BREAKS DOWN THE REPORT orporate event organisers are now prioritising non-event related metrics as part of event performance measurement, according to new research created by ICE. ICE is an in-house corporate events community, and the research was produced in partnership with Cvent. The ICEINSIGHTS 2019 report was published at Cvent Connect Europe in London this October. ICE Strategy Director Anita Howard says that it is time to start addressing, also, the proliferation of job titles in our industry. “On the surface,” she says, “this may appear trivial but it’s symptomatic of a much larger issue the events industry faces. For example, there were 283 delegates registered for ICE19, an event for in-house corporate event professionals. When we observed our registration data we found 145 different job titles! Whilst there is no typical events team, we must try and get the business owners (and each other) to understand our roles more clearly. This clarity may even help facilitate the fluid movement of corporate planners across organisations. “We would also like to work with corporate teams to create standardised practices which save events teams time.” Non-event metrics such as brand awareness and future behaviour were cited as ‘extremely important’ in helping to more effectively demonstrate the value of events. Other highlights of the research include: • A correlation between feeling valued within an organisation and being a proactive, responsive team. When asked if the event team proactively takes the lead on the events programme, nearly 80% of those who felt valued stated this was true. For those who felt undervalued, only 1 in 3 found this statement to be true. • 64% of respondents said that using technology to streamline processes and enhance data collection was a top priority. The majority of event professionals measure attendance and • Seven in ten in-house corporate events organisers identify data measurement and proving return on investment (ROI) as the top challenges; • Participants also cited a need to incorporate meetings and events into the overarching company strategy, and a desire to increase communication and data-sharing between internal stakeholders; • Non-event metrics such as brand awareness and future behaviour were cited as ‘extremely important’ in helping to more effectively demonstrate the value of events; • More than three-quarters (77%) of respondents cited that measuring the impact on brand awareness after an event was important in proving value, but only 21% actually used this metric. How big is the events team? Most respondents stated they worked in a team with anywhere from 1-20 members. This demonstrates that events team sizes vary greatly. Event teams organise a variety of events across the organisation with 8/10 planners managing internal/ employee events. This is closely followed by industry shows and exhibitions and customer conferences. 40% 36% 30% 24% 20% 10% 0% 1 – 5 12 / CONFERENCE & MEETINGS WORLD / ISSUE 103 26% 6 – 10 11 – 20 4% 5% 5% 21 – 50 51 – 100 100+