One of the contributors to the guide is Jim Sterne, founder of the eMetrics Marketing Optimization Summit and chairman of the Web Analytics Association. At the recent eMetrics Marketing Optimization Summit in London, Jim gave a keynote entitled The Human Side of Marketing Analytics. Below are some of the key takeaways I identified.
Communication is the tough part
To begin the keynote, Jim took us through a brief history of how web analysts came together and formed a community where key questions and problems were discussed. Case studies, tools, and ways of measurement were shared, along with how to calculate ROI and deliver value for the companies analysts worked for.
This community increased in knowledge and capability, and even developed its own language. However, the tough part was not the sharing of knowledge within the community. The tough part was and remains explaining it to everyone else.
Analysts need to be able to speak to people outside of their own circle in a way that communicates their knowledge to others. Without this, they won't be able to impact business performance.
Love the puzzle, but don't forget the bottom line
One point that Jim made was that analysts love puzzles. In fact, they are enamoured by how they fit together.
Despite the intellectual challenge and excitement that data brings, analysts cannot simply bury themselves in data. Rather, they need to be able to think laterally and tie the data back to the bottom line. Three simple imperatives are shared across businesses: increasing revenue, reducing costs, and increasing customer satisfaction. Analysts need to focus here when drilling into the data.
Sell stories, not statistics
Analysts need to address the needs of their audience. There is no point in trying to sell the virtues of data to someone who simply isn't interested. As Jim said, "Don't try to teach pigs to sing – they'll never learn and you'll annoy the pig." In order to make a difference, analysts need to communicate and convince those who do not speak their language nor have any intention of doing so.
Telling stories, rather than spilling statistics, is a way in which analysts can communicate with such an audience. Stories engage empathy in the listener and provide a potentially clearer picture of the situation. As Jim said, "Everybody responds to a story, especially if cute animals are involved."
Recommended during the keynote was an article on the New York Times blog, in which John Allen Paulos, Professor of Mathematics at Temple University, writes: "In listening to stories we tend to suspend disbelief in order to be entertained, whereas in evaluating statistics we generally have an opposite inclination to suspend belief in order not to be beguiled."
The advice was summarised as such: tell stories instead of delivering reports, and tie in stories to the individual goals of consumers.
Collaboration is key
One thing we saw during this keynote was the example of eBay's DataHub. The DataHub provides a place for those involved in analytics to come together and discuss the data and its implications. By bringing a more collaborative aspect into web analytics, its value can be significantly increased.
The technology itself is not what makes web analytics great. Rather, it is working together and solving the puzzles as a team that releases its potential.
If analysts work collaboratively, then their effect on the bottom line will be excellent.
The eMetrics Marketing Optimization Summit is held in cities across the world and explores the art and science of measurement, optimisation and analytics. The next summit will be held March 4-9th, 2012, in San Francisco.
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Econsultancy's Web Analytics Buyer's Guide provides details on the issues and trends affecting this sector, as well as information about best practice and tips for choosing a suitable vendor. It is primarily aimed at companies who are looking for a web analytics provider or are reviewing their existing capability. It is also relevant for others, including vendors and analysts, who want to research this market. A free sample is available for those who want more detail about what is in the report.
Andrew Warren-Payne is a Research Analyst at Econsultancy.
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