Marketing Analytics

Digital analytics has proved to be a powerful tool for marketers in the digital age, helping turn data into actionable insights. Marketing analytics is a composite set of processes and technologies, which enable marketers to measure campaign success via tangible metrics. Marketing analytics covers important metrics such as website engagement, return on investment for specific digital marketing campaigns, customer attribution, and other key areas.

Why is Marketing Analytics so Important Today?

As organizations explore new channels to target customers, various technologies have emerged to support these initiatives. However, deploying tactics like SEO, social media marketing, email automation, etc. in isolation can lead to a fragmented campaign. Marketing analytics combines and collates this data on a single dashboard, helping you make smarter decisions. For exampl...  

Digital analytics has proved to be a powerful tool for marketers in the digital age, helping turn data into actionable insights. Marketing analytics is a composite set of processes and technologies, which enable marketers to measure campaign success via tangible metrics. Marketing analytics covers important metrics such as website engagement, return on investment for specific digital marketing campaigns, customer attribution, and other key areas.

Why is Marketing Analytics so Important Today?

As organizations explore new channels to target customers, various technologies have emerged to support these initiatives. However, deploying tactics like SEO, social media marketing, email automation, etc. in isolation can lead to a fragmented campaign. Marketing analytics combines and collates this data on a single dashboard, helping you make smarter decisions. For example, you can identify which touchpoints are bringing in the most customers (via attribution analytics), and double-down on your efforts in that specific area.

Types of Digital Analytics Which an Impact Marketing

Digital analytics can process data to offer three kinds of insights:

  1. Historical trend analysis: Marketing analytics can report on historical data, giving you a comprehensive view of past performance to take better decisions in the future.
  2. Dynamic metric analysis: Marketing analytics dashboards can also give real-time visibility into customer behavior, preferences, and sentiment.
  3. Predictive analysis: This type of marketing analytics uses a combination of past information and predictive models to throw light on future possibilities. We are also witnessing the emergence of prescriptive analytics, which directly recommends the next best action for marketing.
     

Getting Started with Marketing Analytics

Armed with this high-level understanding of how marketing analytics works, one can find digital analytics software solutions best suited to unique organizational needs. To begin with, check out our MarTech 101 primer, explaining what marketing analytics is here.

If you found this interesting, scroll down for lots more.

Category Experts

Twitter Modernizes Its Ad Analytics Platform

Pooja Deshpande

News 2 mins read Mar 23, 2020

Twitter platform modernizes its ads into two parts as redesigning iteration and data analytics for Google Cloud.

How to Leverage the Top 3 Data Analytics Trends of 2020

How to Leverage the Top 3 Data Analytics Trends of 2020

Sam Melnick VP, Market Insights & Growth, Allocadia

Articles Basic 4 mins read Jan 16, 2020

2020 will bring new data analytics trends that pose fundamental changes to the ways many marketers manage and leverage their data. With some groundwork, these trends can empower teams to make more informed decisions and demonstrate ROI unlike ever before.By Sam Melnick, VP, Market Insights & Growth

Lessons Learned from Data-Driven Holiday Marketing 

Lessons Learned from Data-Driven Holiday Marketing 

Josh Wetzel Chief Revenue Officer, OneSignal

Articles Intermediate 4 mins read Jan 14, 2020

When it comes to holiday marketing, you want to get a user’s attention without being overly pushy. Analyzing the data from billions of messages sent, marketers can determine the best practices to stay timely and relevant during the busy holiday season.  

WORKFORCE OF THE FUTURE

WORKFORCE OF THE FUTURE

Research – Whitepaper Jan 08, 2020

Digital workers free up your current employees to engage in more meaningful and rewarding work and employ their skills to areas which are most suitable. Without having to worry about routine and repetitive tasks they may feel are beneath them. You can empower your employees to make the most of their true potential and maximise the productivity of your ...

Marketing ROI 2020: Best Practices, Formulas, Metrics & Calculator

Marketing ROI 2020: Best Practices, Formulas, Metrics & Calculator

Indrajeet Deshpande Contributor, Ziff Davis B2B

Articles Basic 7 mins read Jan 08, 2020

Measuring marketing ROI is a challenge faced by many. Learn the best practices, formulas, and metrics to help you effectively report on your marketing ROI.

Using Technology to Gather Human Insights, Not Just Data

Using Technology to Gather Human Insights, Not Just Data

Aaron Burcell Chief Revenue Officer, methinks

Articles Intermediate 3 mins read Dec 13, 2019

Why marketers should not run their business based on data analytics and spreadsheets, and they should make business decisions based on real customer insights, Aaron Burcell, CEO, methinks Technologies.

 The Age of Data: Navigating the Talent Crunch

 The Age of Data: Navigating the Talent Crunch

Jared Rodecker VP, Advanced Analytic Solutions, RAPP

Articles Intermediate 3 mins read Dec 09, 2019

Data lets marketers evolve their campaigns to fit feedback, but the industry doesn’t have the data scientists it needs. What’s the cause for the talent gap, and how can agencies attract data science talent? answers, Jared Rodecker, VP, Advanced Analytic Solutions, RAPP. 

What is Market Research & How to Attract More Customers to Your Website

What is Market Research & How to Attract More Customers to Your Website

Emily Andrews Marketing Specialist, Community Contributor

Articles Basic 4 mins read Dec 06, 2019

Having a website means putting in the work to attract more clients online and market research can help to increase your sales. Check out the guide to find how does market research work, how it can increase your traffic and more, shares Emily Andrews, marketing communications specialist, RecordsFinder.

Load More Stories