What good are online ads without analytics?

What good are online ads without analytics?

File:1953 Gem Razor Ad with

Decades back advertising was still called advertising, but analytics was not.  There could be a handful of words describing it’s to some extent – research, data interpretation, forecasting etc. but analytics is a fairly new connotation of all these put together. That is not to say analytics was not used. Advertisers, acted on every form of data available, because advertising was a business  expense and there is God in good ROI.  Understandably, like God good ROI too does not come by easily.

 

For good returns, advertisements, need to be targeted, rightly placed, positioned, coined and directed. What all this mean is a great deal of work, to understand the demographics, psychographics, time of visits , duration of visit  and general actions audience  take . Historic data can paint a picture of past and trends from past  give potential clues to future that help advertisers generate ideas and maximize effectiveness.


Optimització per a motors de
Today’s times have changed, but not the intent and purpose of advertisements. We  have new media ,several new platforms,  evolved technologies to glamorize our message but good  returns  still lies  at  the  heart  of what we call online ads. So all little snippets of texts sponsored on search engines, display networks, YouTube videos, pop up messages, Facebook , Twitter , Instagram, they now reign the arena alongside  the new age data  interpretation called analytics. Analytics of online ads, is a vast field and uniquely simple, because only ads are highly measurable.  Tools and  technology are  available , mostly free to aid our task. I’ll  have more to speak on this subject in our next post , but suffice it  to say today  that it  is truly  analytics of online commercials  that makes it worth the way.  More to come . Stay Tuned

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of-Me   by-Me   for-Me.  Me on M-obil-E

ofMe   by-Me   for-Me.  Me  on  M-obil-E

Have you realized what’s common among the latest high tech electronic gadgets you picked this season? What’s one reason, you choose to discard, previous stuffs as obsolete and bring in the new to replace? What feature are deciding factors in the path to purchase?

File:1328101940 Connected.png

Why? It is the electronic parallel of the indomitable urge of human beings to remain connected.  Televisions sets to Laptops, Music systems to tablets, car dash boards to mobile phones, watches to internet etc. etc. The list goes on. Embedded with sensors these converse over the famous wireless network of worldwide connectivity, called internet.

It is virtually this internet of things that has become a part of our normal living and functioning.  A typical day starts with an alarm, not the one that pops out, but an online calendar that connects with my mobile and sets a reminder as per my daily tasks and wakes me up before I get late. I step out with an n address in the email and the GPS sitting in my dash gets busy finding the route. After office, I sit back, and play around browsing  daily feeds, when I feel like watching videos on a bigger screen. What dod I do-  I Chromecast my TV.  From things I search online to places I go visit, each and  every interaction on connected systems  identifies me , makes life simpler, fun and fast paced.

And even as we speak, there might by a toaster, an oven ,washing machine or refrigerator having a connecting sensor. That’s life today- almost racing away a life a decade back and getting better by day.

Mobile Phone, Smartphone

The one cornerstone in this internet of things that practically connects everything to each other and to itself is the mobile phone. This app driven piece of palm fitting machine, is your virtual remote control for all these devices, I mean life.  Personally or electronically – it’s yours. Recognizes you (face, palm, eye, voice detection), keeps you logged in and represent you as a distinct individual in this virtual cyber world.  Remains by your side, where ever whenever you go.  (Just keep your charger along).

And as I take a twirl around, happy to have the world a touch away, there’s a pair of eyes looking happy for me- they are of marketers and data analysts of the world.

Concept, Chart, Plan

Collecting and processing the web data involves complex infrastructure. Thankfully tools like Google Analtytics , Hadoop, are  taking care of it. But to know what to do with it, calls for a different ball game  called  universal analytics- big data  analytics . This vast data, is pregnant with critical information can and  will be used to the fullest with right planning, people , promotions and patronage in place.

Contact us for Analytics of Connected Systems and have great insights into your customers.

Shelf Life of Trends

Shelf Life of Trends- A concern for big data analytics era

Shelf Life of Trends- A concern for big data analytics era

One the  most grappling challenges for  business in this era  of  big data  is how  long does  each trend remain a  ‘trend’. With the high rate of idea  metabolism , with the increasing rate  of  technology and innovation driven  change , trends get more and more  short lived.

A trend is essentially based on a period of data and more the period the more  reliable it gets. And this period has minimum factors changing be it government policies, economic factors, environmental conditions or technological advancements. But as  and  how these  factors change , this period of consideration gets  sliced and minced .  It gets  difficult to call it a trend. It is no longer  a  function of a long period of constant conditions. In fact, its the rate of  change of change that is more likely to become a trend.

For example –

Trend in the  demand for touch  technology is valid  only as  long as voice recognition is  not developed and  that in turn will not remain no longer relevant than the  invention and mass access to eyeball detection technology .

Question remains, if long-term climatic trend is actionable in project planning today, at what point do you revisit the trends analysis to verify that the projects you have forecasted for your pipeline are still worthy?”

An important step for most companies using long-term trends information garnered from analytics will be to determine how long they can expect the analytics for each trend to remain accurate and usable for business decision making . Organizations have not yet moved forward into long-term trends usage and decision-making, but as more do, they will also need to apply their own analytics to the longevity expectations for the trends data they capture. “It is determinations like this that sit on the doorstep of the next frontier of big data analytics”

About Hedgehog Insights– We are data analytics service provider . We offer analysis of business data. Be it daily operations, cash flows, website data or ones from social media, we analyze all of them together, on one platform, draw, connections, correlations, causes and offer our clients set of easily actionable insights. Tools are really in abundance and we are not selling another expensive one, all that we are sellingis a promise that our analysts will offermodern and conventional analytics , work with you and help you see hidden opportunities from your business data.Schedule a free consultation

Data Don’t Do- That’s left for You!

Business Analytics and importance of a plan to execute!

The importance of data today can never be overstated. More now than ever before with disruptive concepts like big data and all the great information it can yield, businesses are making a serious effort to adopt analytics services.  And so is the surge of tools and applications with promises to make their job simple.

All businesses, ones producing the food we eat to those drafting insurance policies heavily depend on insights from analytics. Some run short term subcontracted project while others build an in-house teams of top class statisticians and BI experts to ensure a constant flow of insights.

And why not- these are scientifically derived tips into what to do and what not to do in business has borne sweet fruits too…

 

For McKessen , the model development necessitated the creation of a data analytics support structure of related business intelligence that did not exist before. The sheer magnitude of the number of transactions processed each day made the project challenging. McKesson Pharmaceutical Supply handles 60,000 active items in 30 distribution centers shipping two million pieces a day to 25,000 customer locations. The new data analytics has been the source for a multitude of business projects that would not have been possible before this model and is the basis for quantifying the financial impact of the changes made. Since the model was put in use in 2010, McKesson has reduced its working capital by over $1 billion from improvements in its supply chain while improving its service in critical product areas.

 

Build direct integrated Google Analytics with AdWords account applied testing data to website design improvements. It also deployed campaign tagging and advanced segmentation to identify customer demographics. It used site overlay and funnel report insights to simplify purchase flow.

As a result there was an increase search conversions by 37%, email marketing conversion rate doubled and achieved 100% increase in sample orders.

 

CordMatch faced a challenge in using and implementing technology. They work to match cancer patients to cord-blood donors to retrieve stem cells for treatment.  So they wanted to create a modern, Internet-based matching system that is fast and easy to use. Integrate graph search and big data capabilities to rapidly compute data.

Solution was having CordMatch, an Internet-based donor matching system. Neo4j, a high-performance, enterprise-level graph database. A unique algorithm for a single and double cord searches.

The database enable blood banks, transplant centers and registries to communicate. Customizable search options simplify the matching of cord blood units. Uses a combination of innovative frameworks and a big data graph.

Hedgehog Insights- Data Don't Do

Why to analytics projects fail?

But that’s the story of less than half. Almost 55% of businesses implement big data analytics projects fails. They fail to arrive at the desired results.  Many do not why they started or what they were looking for from the analysis.  

An analytics project is  essentially a data  research project- and  like any other it is driven by objectives,  has (should have) a plan to put  to effect and should be  able to link expenditure  to tangible  business outcomes. But many miss a connection to objectives in the first place, let alone an execution plan to execute it. Following are some of the potential causes of failure as per our experience and research.

1.    Failing to build the need for big data within the organization

2.    Islands of analytics with “Excel culture”. Developing silo dashboards to answer a few questions rather than strategic, tactical and operational dashboards

3.    Lack of vision and not having a strategy; not having a clear organizational communications plan

4.    Lack of upfront planning; overlooking the development of governance and program oversight. Not establishing a formal training program

 

Which brings  us  to the  conclusion, that alone  analytics cannot lift the  dilapidated state of  affairs of  a business or  for  that matter  any  business requirement however, strong the need be or  however robust the analysis is. There has to be a full-fledged effort at an organization level built on a conviction that analytics can help and will help and it is absolutely necessary  teams follow a well baked execution plan to make that happen

About Hedgehog Insights– We are data analytics service provider . We offer analysis of business data. Be it daily operations, cash flows, website data or ones from social media, we analyze all of them together, on one platform, draw, connections, correlations, causes and offer our clients set of easily actionable insights. Tools are really in abundance and we are not selling another expensive one, all that we are sellingis a promise that our analysts will offermodern and conventional analytics , work with you and help you see hidden opportunities from your business data.Schedule a free consultation

Can Social Media tell Go-No Go for your business idea?

Sentiment Analysis for startups- Hedgehog Insights

Sentiments people associate with a business launch , new idea or information, cumulatively gives an idea whether it would be a hit or a miss.

Can you recall a time when your mom called, may be a routine call. You received, said hello and was just about to start speaking something else, when she interrupts and says words that feel like warm comforting hugs. Admit, she knows it before you say. She knows what’s wrong, how wrong or how happy and thrilled you are. You’ll say that’s your mom – who better knows you or is more concerned about your feelings, your sentiments or thoughts that occupy your mind. True that!

But they are not the only group of people who care how others feel- deeply mindful about their needs, wants and demands. It may not be as selfless or without a motivation or incentive like our mothers- but sure it could be just as strong, or even more in some groups. For example a business and its customers. Haven’t we been taught all our lives- customer is king. Hell ya. Customer satisfaction, their buying intentions, their opinions and perceptions do matter specially when it is a new service launch, expansion in a new geography or buying a massively expensive equipment to increase productivity. Where there is an investment there is also a risk of loosing it. Businesses cannot let it go without a bit of an analysis or some predictive insights. They need a prior understanding of just how big will the return be and how quickly will it come through, if at all.

With the emergence of social media in internet marketing, this information is available in abundance and capturing is simple. It’s like trying to predict what could be the polarity of reactions to a new business move – positive, negative or neutral – novel form of data analysis around social media. It is called Sentiment analysis of target market. Similar to market research that is done offline by questioning and surveying, sentiment analysis helps add a meaning to all the special media engagement activity your company conducts. Tying it back to meet a business requirement- perception or sentiment of customer spells out chances of acceptability of an idea and thereby chances of success

We at Hedgehog Insights, run sentiment analysis. If you have an idea and would like to validate it, gauge the level of excitement or anticipation among your audience, try us. We will be there to help you. We employ both applications and manual modeling methods to bring out the most accurate analysis. Contact us and let us know.

About Hedgehog Insights– We are data analytics service provider . We offer analysis of business data. Be it daily operations, cash flows, website data or ones from social media, we analyze all of them together, on one platform, draw, connections, correlations, causes and offer our clients set of easily actionable insights. Tools are really in abundance and we are not selling another expensive one, all that we are sellingis a promise that our analysts will offer modern and conventional analytics , work with you and help you see hidden opportunities from your business data.Schedule a free consultation

Can data analysis help get your Business Off the Ground?

Standing at crossroads of  decisions and  determined  to make  no  mistake  an entrepreneur will always look into some business insights, tips, research online and consult experts before the  next  step- That’s precisely what is data analysis.

Analytics and business research is a part and parcel of every business. Many believe these are only for large businesses to benefit from. Truth is, large businesses would have never got any far had they not started analytics as small businesses.

Take the world by a spin- have your business rule!

Take the world by a spin- have your business rule!

Actionable  insights  from time to time  can help you decide what content to put up on your website, what resources to hire, which customer  to value and reward more than others and what products lying at the back of your store is actually high in demand.

But question is how do you get started especially as startups when most of your focus is to set up your business or get it off the ground? How do you know what data to analysis, and how it will help? Here’s a question:

  • What is the one (or two) biggest constraint to your growth? Put on your analyst’s cap and brainstorm on that thing which if resolved can help your business grow faster and easier. It can be your website, social media strategy, location of your retail, financial assistance or customer preference for your product(s)
  • After you have identified the constraints , analyze how you can resolve it. Determine one metric that  you could track and see how far is your constraint resolved. This metrics defines your constraint in the sense that, its increase or decrease should show if your issues are getting fixed or not. This could be sales, cost incurred per customer, No.of customer per lead generated or event as simple as profit%.

For eg. if your constraint is  website and its performance – have a goal set . Measure number of customers per visitor or per session of time spent or bounce rates. These are just examples . Link it up with an analytic tool like – Google Analytics and give it a few weeks to gather some data. Then try to read the basic reports. Understand user behavior, in-page analytics, and conversion rates. Check the user navigation pattern and try to find where most of the traffic drops off or which pages have highest time spent. Your metrics for web performance , will be very easy to track using this tool.

If customer satisfaction poses to be the biggest constraint to your sales and return sales, try to understand the why behind customer behavior. Check out metrics like , retention rate, or no of return per sale, frequency or recency of visits for every visitor that steps into your store or your ecommerce.  A Market research describing the level of acceptability of your products or services  could be a handy document to refer. These could tell why your target group behave the way they do and clues to what you need to do about it.

Inventory management could be a constraint too. That’s when you often end up delaying a delivery or run out of stock  or end up spending most of  your budget on piles .It’s time to analyse it. Understand the seasonality of products , whats in demand, when and how much to stock. Derive trends and patterns. If  not data from your business, then look into others, A number of services, provide reports and syndicated analysis. Reach out to a  low cost report . You could also reach us for one such study.

If a store a perfect location , is  the biggest roadblock to a large number of footprints in your store, then too data will help you resolve. Look into demographics , compare it with your target group and check which location in your locality, will be the best fit. Analyse population and commercial renting rate.Draw a draft picture for your self  on possible areas and know how  to narrow down to one or two that works best.

Analysis of data can really be as varied as the number of constraints and problem you face in business.To say data guarantees success would be overrating, but sure it can increase the chance that you will win the game.. It can be a great support system to your daily decision making and put your business on the path on growth.

About Hedgehog Insights– We are data analytics service provider . We offer analysis of business dat

a. Be it daily operations, cash flows, website data or ones from social media, we analyze all of them together, on one platform, draw, connections, correlations, causes and offer our clients set of easily actionable insights. Tools are really in abundance and we are not selling another expensive one, all that we are sellingis a promise that our analysts will offer modern and conventional analytics , work with you and help you see hidden opportunities from your business data.Schedule a free consultation

Data Data Everywhere… not a drop of Insight

This is a post about how confusing data can get for businesses and how to find a way out. It starts with a visual sketch of typical businesses caught in a sea of data – moves on to describe what it might look like in daily life and then offers a simple, step-wise, actionable solution .

Data , Data Everywhere Not a drop of Insight

Is that you .. out there? Then its time you found a way to sail through!

Imagine yourself waking up in a rocking bed of sorts, with a chill breezing over your body and lots of light dazzling on your eyes. Squinting uneasily from within , you realize you are out in the open, beneath the deep blue sky, crammed in a small boat that somehow has kept you afloat on an endless mass of scary waters. That’s Mr. Pi, a direct lift from his book of ‘Life’, as you might be knowing. Amusing, it might be to imagine yourself as him, but if you were a modern day business manager /entrepreneur and woke up to a sea of data with all the pressure to behave like an analyst- it sure would have been a pain.

As modern day business manager you probably have one or all of these typical traits that show you’ve never got a chance to use data . So may be your vendors have gotten you to spend big on tools that produce great looking, pretty reports . But deep down, you feel they are dumb, at times funny, but never really insightful. May be,you’ve always felt like asking ‘SO What’ to all those metrics and numbers but never found a direct ,straightforward answer. And worst you have never paid much attention to hiring a good analyst for your business.

Relax, you are not alone.These are common traits and like every other danger posing mankind, these too can be won. Obviously, it involves a method and few steps to get all right.

Know, there are only 4 areas to look into- Your Business, Your Business Goals, Your Customers and Your Competitors. Notice how this stretches your perspective from your business to yourself to your business as entity in the market place. That really is the journey of all businesses on planet. All our business issues pertain to one or some of these areas combined. Tying data insights back to these four areas will keep it relevant but more importantly you will get to see through some problems. Already overwhelming? Try another way.Try finding answers to these:

1. What is the basic business idea, how far is it acceptable to your audience? Is your idea sale-able? Does the clicks,visits or time spent on website tell anything?

2. How far are your goals achieved? What is the conversion rate in terms of increasing sales,lowering cost and increased customer loyalty?

3. Why does this happen? Why are targets met- if at all they are? Why do customers behave or react the way they do? What’s on with your messages , communication, product lineup or customer service?

4.What else? How is your competition performing ? Which areas do you lead and which areas do others? Where do you stand in the market place ?

And as you look into each question , you will find yourself untangling the muddled up knot and comprehending each area , gleaning out insights and using it to know and manage your business better.

Always Know…..

If data to you is sea, insights will be salt laden, wasteful sea water, but if you’ve segmented it successfully , observed them linking back to areas of concern , data will really look like that beautiful lake with sweet water for life.

Now smile 🙂 you are no more in deep sea.

About Hedgehog Insights– We are data analytics service provider . We offer analysis of business data. Be it daily operations, cash flows, website data or ones from social media, we analyze all of them together, on one platform, draw, connections, correlations, causes and offer our clients set of easily actionable insights. Tools are really in abundance and we are not selling another expensive one, all that we are selling is a promise that our analysts will offer modern and conventional analytics , work with you and help you see hidden opportunities from your business data.Schedule a free consultation

DIY-Social Media Assessment for Your Businesss

Social Media Assessment for your business this Black Friday

Social Media Assessment-Do it Yourself-It is Costless and simple-Hedgehog Insights

Enough said and done to boost your business on social media. Enough materials you have read and enough hours did you put in. Take a moment out and try to assess how all been going- right, somewhat right, all the same or is it a major blunder.

With the holiday season, peeping from the corner, you can hardly afford to start anything all over again so it’s good to check for quick fixes if at all you need one.

How about you just filled in table and knew the performance. Not 100% error proof but to a great extent you get the real picture of your business on social media. SO be it!

Social Network Platform

# of Followers

# of followers for competitors

Sentiment of Post Positive/Neutral/Negative

# of  Mentions

# of  Competitor’s Mentions

Leads Generated / Purchase

Facebook

Twitter

Google +

Pinterest

After you have the numbers, for each of these blocks do just three things: Compare Compare and Compare. Yes, that really is the basis of all data analysis. Compare your customers, partners and brand image against those of your competitors. Compare their responses, their engagement and involvement with your business vs others. That really is the key in one statement.

And just while you do that, don’t forget to avoid the classic mistakes of assessment, any assessment

1.    Never lose sight of the overall goals of your assessment- why are you doing it? What do you look to achieve and how does it compare with your previous assessment (if)?

2.    Tying each your assessment to business goals. Know what are the final outcomes, how does it help your business grow and increases chances of profitability.

3.    Understanding how you maintain your data- If you use a tool like access or spreadsheets, then you should be knowing the features and technicalities of it. This will help you know how to look into data, import or export them and integrate data for analysis.

4.    Having enough knowledge about customer buying process that is set up for your business. What are the customer touch point and what does customer feel about it all.

Yes, we are there by your side in all these services. Our experience and knowledge will have you look into a reliable and actionable assessment.

About Hedgehog Insights–  We are data analytics service provider . We offer analysis of business data. Be it daily operations,  cash flows, website data or ones from  social media, we put them all together, draw connections and correlations, derive trends and patterns understand causes and offer our clients a set of easily actionable insights. Tools are in abundance and we are not selling another expensive one.All that we are selling is a promise that our analysts will offer modern and  conventional analytics, work with you and help you see hidden opportunities from your business data. Schedule a free consultation .

How to make analytics well within reach for Small, Micro and Medium scale Business- Our Idea

A popular belief is –analytics and data research is actually for large businesses. Truth is , large  businesses would  have never got that far had they not started analytics as small businesses.”

Scottish writer and poet , in 1910 Andrew Lang said , he uses statistics as a drunken man uses lampposts—for support rather than illumination. Decades later, businesses still use data primarily as a support to decision making. That is  perhaps  the most important and high return functional of  data.

In the words of Max Shron , the analysis of  data really unfolds like a story-similar to a story, a project will always include description on the situation, a rigorous analysis of the need , a motivated drive to conquer the need, hopefully, a happily-ever-after ending (the outcome).

Analytics and business research is a part and parcel of  every business. Standing at crossroads of  decisions and  determined  to make  no  mistake  an entrepreneur always will look into some  insights, tips, research online and consult experts before the  next  step.

A popular belief is –analytics and data research is actually for large businesses. Truth is , large  businesses would  have never got that far had they not started analytics as small businesses.We and our team of data analyst are here to help your small business grow.

Our Idea – Going back to the story-analogy- a data analytics project,  as we  propose at Hedgehog Insights is taking our clients through understanding data , defining what it means to business and executing a process  to see outcomes .

Our Idea

Data Definition  is essentially understanding..

The Need: What specific needs could be addressed by intelligently using data? What will this project accomplish that was impossible before?

Data Sources- Where is this data located. What data should be considered for different business requirements.

Envisioning results- What will meeting the need with data look like? Is it possible to mock up the final result? What is the logic behind the solution?

Linking to Outcome: How and by whom will the result be used and integrated into the company? How will the success of the project be measured?

Analytics Project Execution-

Our  analysts work in association with the client business, co-ordinates with team members and business owners to execute an analytics project and successfully achieve the desired results. The steps in this are:

Designing the Basic framework- Drafting the data conversion concept, overall ideas  about business data  outcomes

Preparing Data for analysis – Data analysis is really about digging deep to brainstorm and reveal insights. But before that it is essential we have the tools ready. Some of the most popular tools we use are

  • Filtering- we know how to cut the noise, to focus  on the most interesting topic.

  • Sorting- Arranging data in order- for some nature, or  class etc.

  • Grouping & Segmentation- summarizing data and  segmenting different  group

  • Visualizing- Bringing data  to life, having data mindfully aesthetic. We are naturally attracted to beauty, so why not make a chart as pretty as possible? Aesthetics can also help make the charts easier to comprehend—pinpointing the resulting action.

 

Analytics- This really involves making sense of  the data. Using techniques and  processes to glean out actionable insights

“Numerical quantities focus on expected values, graphical summaries on unexpected values,”

said mathematician John Tukey. To look beyond  the obvious , we employ innovative thinking into data  with a  focus on

  • Trends and Patterns more  than data points

  • Comparison across segments, time periods matrices

  • Discovering strong relationships using, causal analysis.correlations, statistical test, multivariate analysis etc.

  • Working with multiple perspectives- Data  from different sources bring in different information , add an extra dimension. Having all data from diversified sources analysed on a unified platform to solve a specific business issue, makes analysis extremely robust, reliable and  focused . That’s is adding value to client businesses.

We  hope  these  services  together , make analytics and data  support well within the  reach of  small, micro and  medium scale  businesses and offers  the surest and quickest path to growth. This is our overall idea. We have categories levels of services based on business scale of operation. For details on our services specific to each scale please visit

Contact us for more information.

Data , Data Everywhere Not a drop of Insight

Imagine yourself waking up one morning   in a rocking bed of sorts, with a chill breezing over your body and lots of light dazzling on your eyes. Squinting uneasily from within the lids, you realize you are out in the open, beneath the deep blue, crammed in a small boat that somehow has kept you afloat on an endless mass of scary blue waters. That’s Mr. Pi, you must be exclaiming. A direct lift from his book of ‘Life’.  It may be amusingly shocking to think of yourself as Mr. Pi, but if you were a modern day business manager and woke up to a sea of data with all the pressure to behave like an analyst- it sure would have been a pain.

As modern day business  manager you probably have one or all  of  those  typical traits  that shows you’ve never got a chance to use data .  Your vendors have gotten you to spend big on tools producing great looking, pretty reports. While deep down, you actually felt they are dumb, at times even funny, but never really insightful.  A disproportionately higher portion of your budget is spend on tools and gadgets. But talk about spending on a hire, on great analytical minds, who actually do the analysis- well that’s something you never heard before, right? If these were not enough, here’s one more- “So what?” – A question that’s been clouding your thoughts, whenever you saw those numbers from websites and social media. They never make sense, and worse, they generate confusion.

Relax, you are not alone. These are common traits and like every other danger posing mankind, this too can be won.  There is obviously a method to it and few step to get it right.

Know, there are only 4 areas to look into- Your business, your business goals, your customers and your competitors. Notice how we stretched our perspective from an idea born in mind to a business entity in the market place. That really is the journey of all businesses on the planet. All our business issues pertains to one or some of these areas combined. Tying data insights back to these four areas will keep it relevant but more importantly will help you use them to solve issues. Already overwhelming? Here’s another way to look at it. Try answering these questions.

  1.    What is  the idea, what is  the acceptability, what does the click stream data say about your website and  social media.

  2.     How are your goals met, to what extent? What are your micro conversions?

  3. Why does  this  happen- understanding customer behavior , their reaction to your offering , your messages and advertisement

 4.     What else- how does it relate to your completion where do you stand in the market place against your defending competitors?

And as you look  into each question , you will find  yourself untangling the muddled up  knot and comprehending  each area ,  gleaning  out  insights and using it to know and manage your business better.

Always Know…..

If  data to you is  sea, insights will obviously be salt laden , unusable sea water, but if  you’ve segmented it  successfully , observed them linking back to  areas of  concern , data  will really look like that beautiful  lake with sweet water for  life.

 Now Smile J you are no more in deep sea.