From Web Analytics to Web Intelligence
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Transcript of From Web Analytics to Web Intelligence
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From Web Analytics to Web IntelligenceSiteworx Webinar – June 16, 2011
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Introductions
John KolkerWeb Analytics Consultant
David NickelsonDirector of Digital Engagement
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The Science and “Art” of Capturing Business Insights from Web Analytics
• Current state – and limitations
Top 5 Most Impactful Marketing Optimization and Visitor Analytics Applications
• Conversion & Abandonment
• Geo-tracking
• Fraud Detection
• Social Media Monitoring
• Pre- and Post-Website Redesign; A/B Testing
Key Takeaways and Next Steps
Agenda
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About Siteworx
Award-Winning Interactive Agency
Specialize in WCM/CMS, Search, and Analytics
Expertise in leading analytics and customer experience management solutions
Strong Qualifying Track Record for Financial, Media and Nonprofit
Include locations in a similar format as we use on our e-newsletter
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Conversion and Abandonment
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Example: Conversion and Abandonment What your funnel may not tell you…
A financial institution launches a loan application on their website.
Response was fantastic but form completion / conversion was suspiciously low.
The funnel tells you that there is 1% conversion.
But is it the whole story?
1000 - Application Starts
800 - Applicant Financial Info
500 - Applicant Personal Info
10 – Submitted Loan Application
What is happening here?
Customer Experience AnalysisIndicates that account open date isbeing auto-loadedformatted as mm/d/yyyy – without leadzeros on the 1 digit days
The form submission requires lead zeros…The only customers who make itthrough the process are those who figure this out and add the lead zeros
Web Intelligence Insight: Development team fixes the form logic and conversion increases
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Geo-tracking
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Example: Geo-trackingCampaign analysis beyond campaign codes…
An online marketer launches an online campaign.
All online adds are given a campaign code
…/event.php?campaign=1234.
Kiosks are set up in 2 cities to augment the online campaign.
It is suspected that the Kiosks are giving the online campaign a
lift.
How can the marketer be sure?
Corporate Web Analytics is already capturing the IP Address of
each Visitor Session…
by adding IP Address Geo-Tracking it can be
determined that in Reston and Arlington responses increased…
Web Intelligence Insight: IP Address based Geo-Tracking tells the more accurate story about the ROI of trade shows and whether or not they are worth the marketers investment
Visit our Site
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Fraud Detection
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Example: Fraud Detectionactionable web intelligence in the order processing pipeline…
Order Processing Pipeline
1. Automated ScreeningWeb Analytics used on live and active web sessions to determinescenario-based alerts for review
2. Manual ReviewOrders meeting the screening criteria will issue alert to processing departmentto pull just those orders for review
3. Accept or Reject Decision is made by processing management to fulfill order or not
Web Intelligence Insight: Web Analytics used to detect fraud at the beginning of order processingsaves revenue for online retailers
RevenueOrder Revenue
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Social Media Monitoring
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Social Media: Multichannel Integration and Collaboration
Financial Services firm wants to actively engage customers via social media to: improve customer service
drive product development,
communicate about the good and the bad directly with consumers
Obtains and staffs a social media tracking tool (Radian6) Social media summary included in daily marketing communications scrum
Daily social media summary is regularly compared weekly w/ monthly summary of
inbound consumer email issues (500,000/mo) Data mining and latent semantic analysis (via RapidMiner)
Issue/topic clusters and change trends
Communication calendar is adjusted to provide more of what customers are looking
for, and “evergreen” materials are readied for use with adverse events
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Pre and Post Website Redesign: A/B and MVT
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Pre and Post Launch: A/B and MVT
Diabetes.org Redesign: Data-driven design and measurement Shift in organizational focus and priorities; make site more consumer friendly
Key conversions
Traffic
Email address
Donation
Event Sign-up
Purchase
Combined traffic, search, customer and industry benchmark research
Developed content map, engagement pathways, and Google analytics overlay
At launch, saw 20 – 30% lift across all areas
Gains and losses in key areas
Began A/B and MVT of navigation, page content , pathway design, and form options
Rectified problems for additional lift
Post launch, est. task specific KPI-focused testing program tied to departmental business cycle
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Tailor your tools to your business objectives, not the other way around.
Master the highest-value basics first; establish your own benchmarks.
Look for trends across all your business data; tell the story multiple ways.
90/10 Rule: develop/contract real expertise; provide support and resources.
Stay the course: takes time to mature metrics from
Key Takeaways
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Next Steps
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Questions
John [email protected]. 657. 1232
David Nickelson [email protected]. 657. 1280
Siteworx Inc. [email protected]: @Siteworx703. 964. 1700
Thank You!
We should have a link to the website here. should consider whether we can get the analytics section of our website updated in time.