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Posts in Data & Analytics

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Nine internet marketing stats we've seen this week

From baseball to Facebook (or rather its alternative, Ello), what's not to like in this week's internet stats roundup.

Other highlights include some data on programmatic, customer experience and customer data.

For more internet marketing charts and stats, download the Econsultancy Internet Statistics Compendium.


The rise of the LAB. How to drive innovation through rapid R&D

The concept of the innovation lab and the sudden resurgence in innovative and disruptive ideas in retail is a welcome trend which behemoths like Nordstrom, M&S, Walmart and Tesco have embraced successfully.

Econsultancy has today published a 60+ page best practice guide which acts as a ‘how to’ for brands who want to create their own in-house lab, emulating the successes of others employing lean/startup methodologies and rapid R&D techniques to innovate within their businesses.

The report, 'Innovation Through Rapid R&D: Best practice guide to running your own in-house lab' is written exclusively for Econsultancy by Joylab’s CX Director Fergus Roche, who works with brands on omnichannel development.


Conducting a content check-up

In the UK, every vehicle over three years old used on public roads must undergo a test to check it’s roadworthy.

It’s known as the MOT (Ministry of Transport) test and, like death and taxes, it’s inevitable.

You rarely hear any major protests from car owners - the last thing they want is for the various bits of steel, aluminium and electrical wiring to fall apart when they’re travelling at 70mph down the A31.

They understand it’s in their best interests to give their car a thorough check-up every so often - it would be marvellous if every website owner felt the same way, introducing a regular COT (Content Optimisation and Taxonomy) test.

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Three key insights from our new Enterprise Priorities in Digital Marketing report

How has marketing changed? In what ways does it still need to change?

Although there are many answers to these common questions, with huge topics such as social, content, mobile and data coming into play, the one thing that remains abundantly clear is that the customer is now in charge.

Building a customer first approach should be the main priority in all business strategies, particularly as we begin to understand the power of data and how it can help us create deeper, more meaningful and accurate customer engagement.

But how have these customer-empowered channels reshaped marketing budgets? How has the use of digital marketing channels caused the marketing landscape to evolve? How have marketers leveraged their technology investments to build stronger customer relationships?

We asked these questions and more to 402 senior marketers from global enterprises for our new Enterprise Priorities in Digital Marketing report in association with Teradata.

This research has the goal of providing guidance for the future through specific benchmarks from digital marketing leaders from various global organisations, focusing on the technology priorities, the strategies they support and the marketing budgets with which they’re aligned.

Here are some of the key findings…

Time is money: how you can make the most of yours

How time tracking can improve productivity and morale

Time tracking is a fact of agency life. You do some work, you record your time. This is logical because you’re charging by the hour: tot up the hours done at the end of the month and you can send an invoice.

But time tracking is something that in-house marketers seem to have never got on with. Surely the only point of doing it is for management to monitor how long your tea breaks take?

If they introduce time tracking, what will the next step be? Rationing of biscuits? A maximum number of loo breaks? 

This idea misses something very important: for some activities tracking time is the only way of measuring and improving return on investment.

And at the end of the day, that’s what your boss (and his boss) care about.


Five of Econsultancy's best infographics from 2014

Here's a round up of infographics, which we've created to accompany some of our survey reports this year. 

The topics we've covered include cross-channel trends, budgets, data-driven marketing and essentials skills for modern marketers.



How to blast your Twitter engagement rates through the roof

Engagement. That word means a lot of different things to a different people, but there’s no denying the fact that we all want it.

Whether it’s comments, shares, Likes, Retweets… engagement shows you just how much people care about your brand. 

Part of my role at Econsultancy is getting people to engage more with our content on our social channels, so I thought I’d list a few methods that should see your engagement rocket.

Come on, let’s go and blow the doors off... 


Predictive marketing: a new dimension?

At Econsultancy we do a number of events and research focused on B2B marketing. Indeed the upcoming Festival of Marketing has a whole stage dedicated to it.

A recurring theme is the relationship between sales and marketing.

In most B2B organisations, sales is still the dominant function. We often hear that sales and marketing should work more closely to together, focus on the whole customer journey, establish agreed processes, terminology and definitions (what exactly do we mean by a ‘sales qualified lead’?), hand off points and so on. 


What is marketing attribution and why do you need it?

In this post I take a term that you’re all probably well aware of and try to enlighten myself, and hopefully the few of you who are just as baffled as me, on its actual meaning.

As I dive deeper and deeper into the world of digital marketing even more words and phrases float up to reveal themselves, particularly ones that perhaps are more on the business end of the spectrum.

Last week I shot my investigative glare towards Customer Lifetime Value (CLV) and Single Customer View (SCV). This week: attribution.


An introduction to pivot tables for digital marketing

Many marketing gurus and job ads mention pivot tables as a 'must have' skill.  

But guides on how to use them are usually too general. Here's a specific example of how - and why - a digital marketer would use pivot tables.

As a digital marketer you are often faced with the task of making sense of log files. But log files are a blessing and a curse.

A blessing in the sense that they capture everything, but a curse in the sense that we are then expected to turn hard-to-read data into organized reports.


Google Analytics Benchmarking is back: Here's what you need to know

Benchmarking, for those that were in the know, was once a fantastic feature of Google Analytics.

Discontinued in 2011, and then followed by the removal of Adplanner the following year, meant it became a lot harder to contextualise the great work marketers were doing and get valuable market information.

Alternatives for benchmarking have always been available, based on toolbar tracking or proprietary stats vendors for example, but those that used Google Analytics benchmarking reports loved the feature for its simplicity, the fact that it was perceived to be well informed, and of course it was free.

Well, as announced on the Google Analytics blog today, this ever popular feature has been revived.

For those that opt in to anonymously share their data, version one of the new implementation is being rolled out to all Google Analytics Universal users, with promises of much more to come in the future.

tv and twitter viewing

Eight internet marketing statistics we've seen this week

This week the stats roundup offers you programmatic trading, international ecommerce, phablet shipments and the ever popular Twitter and TV.

Don't forget to check out the Internet Statistics Compendium for more internet marketing data and charts.