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Ten Trends in Digital Analytics Today

Being on a college campus is also an energizing experience. There is a great desire to learn more, and interact with people who have been working in the field for some time. The bonus comes when you realize that there is a lack of negativity that is sometimes created by bad experiences with partners or co-workers. It is really an energizing environment to be a part of for someone who spends every day in the trenches.

Last week was one of those weeks for me. As part of the Center for Social Commerce at the Newhouse School on the campus of Syracuse University, several colleagues and I had an opportunity to speak with many different classes to share what we have learned during our respective tenures. To say the students soaked it up would be an understatement. The number of short-form videos, tweets, storify updates and blog posts following our sessions has been astounding. We clearly have a new generation of content creators who are about to join our midst. A copy of the presentation is below.

As part of the week’s activities, I had an opportunity to give a lecture on how big brands (like Red Bull and Intel) are using digital data to gain a competitive advantage. During the presentation I talked a little about how the communications landscape has changed, and then transitioned into the ten trends in digital analytics. Those ten trends are largely techniques and ideas analytics professionals are adopting in order to meet the new information needs of marketing and communications professionals. What were the ten trends at a high level?

  1. (Tool) Buyer Beware – The explosion of digital media and the subsequent explosion of available data has led to the development of too many tools. There are literally hundreds of available listening tools on the market, which is entirely too many. The other element to this is each tool provides a certain kind of data. That means it is incumbent upon communicators to build a tool box, and not rely on a single tool to do the job.
  2. Two Clear Listening Models Emerging – Listening is a complex exercise with applications extending beyond public relations and marketing. However, the vast majority of listening that is currently done is either to inform real-time content development or a program.
  3. HR, Sales, Product Development, Customer Service Join the Digital Data PartyIn 2009, Ken Burbary and I outlined a process for organizations to adopt to use digital data outside of the public relations and marketing functions. There are a number of quality social customer service examples (e.g. Samsung, Delta, Bank of America), and those brands are using digital data. Unfortunately, those brands are still in the minority.
  4. We Drop “Social” From Social CRM – When we were doing research for the book we uncovered almost 20 different definitions for social CRM, and therein lies the issue. We do not need a new term to describe this activity. What we need are traditional CRM systems to evolve in order to incorporate digital data.
  5. Internal Ownership Becomes Critical – Companies that have digital analytics programs are collecting a tremendous amount of data. That data currently lives in presentations and spreadsheets. As the digital data needs become more complex companies will begin developing new technologies to make that data more accessible to key internal and external stakeholders.
  6. Command Centers Are Valuable…Kind Of – Command Centers like those built by Gatorade and Dell have value, but less so as an analytics tool. The real value they hold is as an internal rallying cry for social media and the importance of listening to customers.
  7. Measurement Finally Becomes Integrated – Communicators have fought silos for years, and it is time to start building integrated measurement scorecards.
  8. Analytics Goes Hyper-Local – Utilizing tools like SnapTrends, marketers can gain tremendous insight on how customers are talking all of the way down to the street level.
  9. Forensic Analytics Becomes Critical – It is not enough to just count mentions these days. Marketers must think about developing advanced customer profiles based on their behaviors online.
  10. Influencer Analysis is not Synonymous with Klout – If you are simply trying to identify people who are talking a lot about a topic then Klout might be the tool for you. If you want to develop a highly relevant influencer list made up of people who have strong reach and syndication then developing your own approach will be required.

Realistically, I could have outlined 20 trends and it probably would not have captured everything that is happening in the industry. As digital media changes and evolves, so to does digital analytics. We’ll be watching to see what else develops in the coming weeks, months and years.

Introduction to Digital Marketing Analytics

Have you ever thought about writing a book on a topic you are passionate about? If someone did ask you to write a book, what would you say? What emotions would you have? If we were to guess, your initial reaction would be some combination of ecstatic and terrified. You would probably feel honored, and then apprehensive about developing enough content to fill a book that is anywhere between 200 and 300 pages. That was the reaction we had last year when we started down this path.

Now we are dotting the I’s and crossing the T’s on our book, “Digital Marketing Analytics: Making Sense of Consumer Data in a Digital World.” Taking several years of client work experience and thought leadership, and putting it together into a format that would be valuable for people was a great challenge. Analytics is a subject that some are comfortable with, but many find it daunting. We spent a considerable amount of time trying to balance those two elements. What came out of the process (we think) is a book that works for people of all levels of analytics experience.  What will you see in the book?

  • Basic analytics concepts – In an attempt to get everyone on the same playing field before talking about more advanced concepts we wanted to provide you with basic definitions and concepts. If you’re familiar with analytics you may know these, but it is worth checking out in the event that the way we describe them offers you something new.
  • Tools – If you are familiar with digital analytics at all, you know there are a number of tools available on the market. In the book we talk about everything from social media listening tools to content analytics tools
  • Digital data use cases – If you are currently working for a brand, or even an agency representing a brand, you will definitely want to read our digital data use cases. It is the practical application of the concepts and tools we discuss in the first two sections.
  • Measurement best practices – While we spend the majority of our time focused on digital analytics concepts that aren’t measurement oriented, we do cover it briefly in the book. You will understand how to conduct research, how to put together a best practice scorecard and then how to report it to your management team.
  • “What’s next” – The last section of the book is on everything else. Basically, the “what’s next” for digital analytics. This section covers everything from mobile analytics to social CRM to search.

We just boiled down over 300 pages into 5 bullets, which means we left almost all of the detail out. If you are interested in analytics, or need to learn more for your job, we would highly encourage that you pick it up.

Oh, we almost forgot… What is the purpose of this site? There are three main goals:

  • Blogging about digital marketing, digital analytics and social media – We both have been almost non-existent bloggers for too long, and this site will change that. We will be talking about trends in social media marketing, digital analytics concepts and broader marketing trends.
  • Promoting the book – Some of our posts will be teasers of content that is contained within the book, but don’t come to the blog expecting us to give all of the content away. We wont be doing that. We will, however, be talking about similar ideas contained in the book. We will also be sharing presentations that we give during webinars and conferences in the spirit of sharing our ideas.
  • Promoting our favorite charities – If you are not already familiar, we are donating the proceeds of the book to our favorite charities. Chuck is donating his proceeds to Superhero Kids, an organization dedicated to addressing quality of life issues for children and their families battling cancer and blood disorders at the Children’s Blood and Cancer Center of Central Texas. Ken is donating his proceeds to RSDSA, the Reflex Sympathetic Dystrophy Syndrome Association, an organization that is dedicated to supporting research into the cause of and cure for complex regional pain syndrome (CRPS).  CRPS is a neurological disorder that causes severe pain and discomfort for the patient.

This has been an incredible process for us, and one we can safely say is one of the most rewarding of our careers. If you have purchased the book already, thank you! If you are planning to purchase it, thank you! If you are planning to share that the book exists, thank you! If you’ll only ever come here and read this blog, thank you! We appreciate your support of the charities and us. Looking forward to sharing the journey with you!