In-Ear Insights from Trust Insights

{PODCAST} In-Ear Insights: Increasing the Value of Analytics


Listen Later

Analytics is inherently rearward-looking, looking at what happened. Yet if we want to increase the value and impact of analytics, we have to look forward, to help plan. How do we do this? In this episode, learn 3 different approaches for improving the value of analytics.

[podcastsponsor]

Watch the video here:

Can’t see anything? Watch it on YouTube here.

Listen to the audio here:

https://traffic.libsyn.com/inearinsights/tipodcast-analytics-value.mp3

Download the MP3 audio here.

  • Need help with your company’s data and analytics? Let us know!
  • Join our free Slack group for marketers interested in analytics!
  • Machine-Generated Transcript

    What follows is an AI-generated transcript. The transcript may contain errors and is not a substitute for listening to the episode.

    ## Christopher Penn 00:17

    In this week’s In-Ear Insights, let’s talk about analytics, adding value.

    One of the challenges that we have with analytics is its very nature analytics is inherently, a look in the rearview mirror, what happened right as the fundamental purpose of analytics to understand what happened.

    And the challenge that we have to deal with is, you shouldn’t drive the car looking at the rearview mirror only right, you have got to be looking at the windshield.

    And so Katie, the question I would put to you as a decision maker, as an executive is, how do you use something that’s a rearview mirror? How do you balance that with looking forward with deciding what to do with it being proactive? And how can people who are using analytics who are data driven, can provide proactive value with their analytics data?

    ## Katie Robbert 01:15

    Well, I mean, you sort of you hit the nail on the head, in terms of the issue is that analytics are reactive.

    And so one of the things is making sure you’re not waiting too long to look at that data.

    So if you only sit down and look at your data, once a year, at your yearly planning, things could have gone, you know, six ways to sideways, and you will never know.

    And there’s nothing you can do about it.

    So that’s, you know, sort of the first thing and so we were talking earlier, Chris, about, you know, setting up automatic notifications for anomalies, for example.

    So even if you can’t be in your analytics system, every minute of every day, you can set up some notification to say, if it goes above or below this threshold, let me know, so I can do something about it.

    So I think that sort of the first thing in terms of providing value, the other thing is, you can’t just rely on your data to make decisions.

    And I mean that in a way of like, if you’re only ever looking at your Google Analytics, and nothing else outside of that dashboard, you’re probably making very limited decisions.

    Because you’re not talking to your customers, you’re not paying attention to the conversations people are having online, you’re not looking at Google trend data, for example, you’re not even just doing basic exploration of what people might be interested in the next couple of weeks.

    And so I feel like your analytics is a good starting place.

    But if that’s the only thing you

    ...more
    View all episodesView all episodes
    Download on the App Store

    In-Ear Insights from Trust InsightsBy Trust Insights

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    9 ratings


    More shows like In-Ear Insights from Trust Insights

    View all
    KnowledgeDB.ai by KnowledgeDB

    KnowledgeDB.ai

    0 Listeners