Digital Analytics
Analytics is an area of marketing which I have shied away from in the past. I have recently grown to appreciate the importance of evaluation and quantifying projects and actions. This module helped reinforce this idea and the importance of using data to help achieve marketing goals. Specifically, the data helps you keep focused, set targets, monitor effectiveness, and allows you to provide a measurable benefit for a project.
The following snippet outlines the data cycle which I found very interesting. Simple guidelines such as ‘plan, do, check and act’ can be easily remembered and implemented.
Another learning which I took from this module was the importance of conversion rates. Nielsen (2013) defines conversion rate as the “percentage of users who take a desired action.” A common example of this is the percentage of website visitors who buy something on the site. The conversion rate measures what happens when people are actually on your site. I learnt that conversion rate is of greater significance than conversion count.
Furthermore, the area of reflection and continual monitoring is imperative in digital marketing analytics. The below snipping focuses on the importance of reviewing the content to understand ‘why’ there has been a change in the data. Analysis of trends in the data plays a key role in this area of digital marketing. As a marketer you must step back from the project at hand and consider all elements in order to understand what is causing a change in the data. Finally, once again the statement of ‘quality over quantity’ rings true in this instance.
Module completed:
Reference: https://www.nngroup.com/articles/conversion-rates/











