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The challenge of collecting and acting upon customer data across multiple channels remains a big issue for marketers, with just 22% of companies having a framework for analysing multichannel customer journeys.
This is one of the findings from Econsultancy's Online Measurement and Strategy Report, produced in association with Lynchpin, based on a survey of more than 800 companies and agencies.
More from the report after the jump...
Using data to drive decision making
Thanks to the growth of analytics tools and the increasing number of channels, companies are gathering more data than ever, but the real challenge is to make sense of this data and use it to produce actionable insights.
According to the report, 62% of companies say that less than half of the data they collect from web analytics tools is useful for guiding business decisions, though 10% find more than 75% to be valuable, so they must be doing something right...
Approximately, what percentage of the web analytics data you collect is useful to your organisation for driving decision-making?
The average amount of web analytics data thought to be useful for driving decision-making is approximately 43%, a slight drop from 44% in 2010.
Tracking customers across channels
In an increasingly multichannel world, the amount of data that can be collected presents a real challenge, but also a massive opportunity to gain a single view of the customer as they move between channels.
Potentially, this 'single view' would allow companies to provide more relevant marketing to individuals, improve the quality of customer service, and understand how and why customer switch between channels.
However, according to last year's Multichannel Customer Experience report, only a small minority of companies are close to achieving this.
We surveyed more than 500 company and agency respondents, and though 90% of companies see the importance of providing a joined up customer experience, just 4% claim to have actually achieved this.
The Online Measurement report found that just 22% of companies (and 28% of agencies) have a framework in place for analysing cross-channel customer journeys.
Does your organisation have a framework for analysing customer journeys that cross online and offline?
Barriers to measuring multichannel data
We also asked respondents about the barriers which were preventing or hampering their efforts to measure customer journeys across offline and online channels, and there were three main issues.
Lack of resources
This problem was frequently cited by respondents. Many companies are unsure of how to put an appropriate framework in place, and some companies do not see the value of doing this.
Lack of buy-in from senior management
A common barrier, neatly summed up in this quote:
Senior Management don't have time to listen to how the relationship between online and offline is so important and what we can gain from it.
Lack of quality data
The lack of compatibility between offline and online data was an issue. To quote one respondent: 'Television commercials, TVRs and media stats are square pegs, online analytics are round holes'.