tag:blogger.com,1999:blog-290363672024-03-13T03:35:35.949-07:00Digi ScapesData & Analytics - knowledge, opportunities, challenges and dynamics.Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-29036367.post-58880743588124230632021-01-07T16:08:00.004-08:002021-01-08T14:48:40.239-08:00Digital Transformation Speedway<!--Start of social bookmarks--><h1 style="text-align: left;"><span style="font-size: large;">Digital Transformation Speedway</span></h1><p class="MsoNormal"><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-PAdqmQcknbQ/X_ekC19EfnI/AAAAAAAARgE/F-LQcpT6LhMve1RFTGqwrkY9hb0-KkWwgCLcBGAsYHQ/s400/superhighway.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="400" src="https://1.bp.blogspot.com/-PAdqmQcknbQ/X_ekC19EfnI/AAAAAAAARgE/F-LQcpT6LhMve1RFTGqwrkY9hb0-KkWwgCLcBGAsYHQ/s320/superhighway.jpg" width="320" /></a></div><p class="MsoNormal"><span style="font-size: medium;">It is apparent that we have entered a new phase of
development in digital solutions. The past 10 years could very well be termed
as the digitization era, however, 2021 just propelled it by several years
faster than the projected trajectory. And industries have also responded and
adopted/ realized that if they do not transform into a digital savvy/ first
organization, it is quite likely that they would not survive the pandemic
(economically). The fig. below shows clearly the acceleration of post COVID acceleration across the globe and more specifically in the US.</span><o:p></o:p></p>
<p class="MsoNormal"> <a href="https://1.bp.blogspot.com/-gNFBjcsF0-I/X_eWSUuennI/AAAAAAAARfE/Qy34vMm7ZNMvpEPJ7lA8madbbn9Q_wqPgCLcBGAsYHQ/s624/Mckinsey.jpg" style="clear: left; display: inline; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="366" data-original-width="624" height="259" src="https://1.bp.blogspot.com/-gNFBjcsF0-I/X_eWSUuennI/AAAAAAAARfE/Qy34vMm7ZNMvpEPJ7lA8madbbn9Q_wqPgCLcBGAsYHQ/w441-h259/Mckinsey.jpg" width="441" /></a><br /></p><p class="MsoNormal">© <a href="https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/how-covid-19-has-pushed-companies-over-the-technology-tipping-point-and-transformed-business-forever?cid=other-eml-ttn-mip-mck&hdpid=b670b765-7350-41cb-a0e3-61b10b0b3d16&hctky=2909938&hlkid=360de204f8144246a2e27e68f8ec5ac1">Mckinsey</a></p><p class="MsoNormal"><o:p></o:p></p>
<p class="MsoNormal">Being involved in large corporate digital initiatives as
well as start-up/ small businesses leveraging digital medium to expand their
reach, I had a unique perspective of reviewing digital transformation both from
the top-down as well as the bottom-up approach. The biggest awakening for me
was when I realized that Digital transformation was much, much more than
digital transactions. Very often businesses enable digital transactions and
presume that we have enabled digital transformations.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">In the 20 year of my career in digital analytics and
marketing, it was my good fortune to witness the growth of this industry. I
have at remarkably close quarters witnessed and helped large, medium, and even
small companies completely transform their business when the digital wave hit
them. In some industries like retail the digital wave hit much earlier than
industries like pharmaceuticals and manufacturing. In this attempt of a few
articles, I will try to portray my understanding digital transformations that
are continuing to happen all around us (at a much faster pace) and how we can
embrace them, adapt, and leverage it to our benefit.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>Start with the last mile and work backwards:<o:p></o:p></b></p>
<br />
<p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-R9edweDrJDI/X_ed5uBQLqI/AAAAAAAARfQ/ns2UazGt4WEjDUPcHK-RJ08VBC-UTEd_gCLcBGAsYHQ/s300/last%2Bmile.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="168" data-original-width="300" src="https://1.bp.blogspot.com/-R9edweDrJDI/X_ed5uBQLqI/AAAAAAAARfQ/ns2UazGt4WEjDUPcHK-RJ08VBC-UTEd_gCLcBGAsYHQ/s0/last%2Bmile.jpg" /></a></div>The best success stories I have witnessed typically started
with the end customer challenges and questions. If we have an idea or solution,
it works very well if we are the customer ourselves and have experienced the
problem firsthand. It becomes easier to work backwards from the problem or the
question that needs solution. To stay close to problem assures solution that
will be valuable.<o:p></o:p><p></p>
<p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p><br /></o:p></p>
<p class="MsoNormal"><b>Technology rearrangement: <o:p></o:p></b></p>
<p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-ZKZfa7-zVsY/X_eeUBSZKKI/AAAAAAAARfY/DKEwqVS5aaI4__yqPLkDTgp2SLsIDtY4wCLcBGAsYHQ/s620/future%2Btech.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="620" src="https://1.bp.blogspot.com/-ZKZfa7-zVsY/X_eeUBSZKKI/AAAAAAAARfY/DKEwqVS5aaI4__yqPLkDTgp2SLsIDtY4wCLcBGAsYHQ/s320/future%2Btech.jpg" width="320" /></a></div>Some technologies are becoming more important than others
that have risen to prominence in this period. Migration to cloud is no longer
viewed as a choice but as a norm, video conferencing and meetings are essential
tools, Customer data platforms become a key enabler, emergence of quantum
computing, etc. Though these are technologies that already existed, how the get
rearranged, rearchitected and leveraged will determine better return on
investment in Technology for enterprises.<o:p></o:p><p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><b>Intelligent Automation:<o:p></o:p></b></p>
<p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-s4uFqcgAVO4/X_eex-UbP1I/AAAAAAAARfk/jBBSjMbtEsEvyNfN7oSixPkqHMS_3l-FQCLcBGAsYHQ/s499/int%2Bautomation.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="499" data-original-width="333" height="151" src="https://1.bp.blogspot.com/-s4uFqcgAVO4/X_eex-UbP1I/AAAAAAAARfk/jBBSjMbtEsEvyNfN7oSixPkqHMS_3l-FQCLcBGAsYHQ/w101-h151/int%2Bautomation.jpg" width="101" /></a></div>My knowledge of Intelligent automation is from the book with
the same title co-authored by “Pascal Bornet”. It is application of low-code
platforms, artificial intelligence (AI), machine learning, and robotic
process automation that is used to create smart business processes
and solutions that are self-learning, governing, and optimizing.<o:p></o:p><p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p><br /></o:p></p><p class="MsoNormal"><o:p><br /></o:p></p>
<p class="MsoNormal"><b>Intelligent & Connected Devices:<o:p></o:p></b></p>
<p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-oknOl7cUmfs/X_efEgWVa6I/AAAAAAAARfs/BCUmGz3PH6w_myj7zCAD3aaKrjLQ-liIQCLcBGAsYHQ/s2048/Connected-devices.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://1.bp.blogspot.com/-oknOl7cUmfs/X_efEgWVa6I/AAAAAAAARfs/BCUmGz3PH6w_myj7zCAD3aaKrjLQ-liIQCLcBGAsYHQ/s320/Connected-devices.jpg" width="320" /></a></div><br />Customer experience management and
personalized experiences go beyond the web and mobile. IOT, Driverless
vehicles, Drones, connected devices helps us to take the digital transformation
scope to beyond the digital mainstream channels. Voice based delivery solutions
get more sophisticated and can do more. This not only changes the customer/
user behavior but will change their expectations of brands and services that
they use.<o:p></o:p><p></p>
<p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><b><br /></b></p><p class="MsoNormal"><br /></p><p class="MsoNormal"><o:p> </o:p><b>Unlocking Data and Analytics</b></p><p class="MsoNormal"><o:p>
</o:p></p><p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-JodpjGAELUg/X_egRDwbOAI/AAAAAAAARf4/zl7FuqJrRuIm-s9XqUiofsF6ugiw54lRwCLcBGAsYHQ/s539/unlock-and-data.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="539" src="https://1.bp.blogspot.com/-JodpjGAELUg/X_egRDwbOAI/AAAAAAAARf4/zl7FuqJrRuIm-s9XqUiofsF6ugiw54lRwCLcBGAsYHQ/s320/unlock-and-data.jpg" width="320" /></a></div>Data and analytics have been important for businesses, from
time immemorial. However, data has been growing at an exponential pace, and
the competitive advantage of companies will be determined by how quickly and intuitively
they are able to get value out of data through analytics. Data processing
speeds, advanced and AI driven algorithms are propelling the business
transformations lead by Digital.<div><br /></div><div><br /></div><div><br /><o:p></o:p><p></p><p class="MsoNormal">In future articles, I will attempt at going deeper into every
aspect that aids digital transformations and leading us on the superhighway of
change.<o:p></o:p></p> <br /></div><div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-75595838674988776002018-07-19T10:13:00.000-07:002018-07-19T10:13:52.482-07:00Crowd Sourcing Retail<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://2.bp.blogspot.com/-Pu9WEFGF6HU/VUmd0-V0rAI/AAAAAAAACoQ/Z44r1U7Cwic/s1600/Retail-digital-5.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="150" src="https://2.bp.blogspot.com/-Pu9WEFGF6HU/VUmd0-V0rAI/AAAAAAAACoQ/Z44r1U7Cwic/s1600/Retail-digital-5.jpg" width="200" /></a></div>
<div class="MsoNormal">
No, this is not about ecommerce. I know
the title could be a bit misleading, hence I wanted to clarify upfront that I
am not going to write about ecommerce. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
How many times we return from shopping and realize that you
forgot to buy something or realize that you have run out of that favorite
shampoo which you did not put in your shopping list. Many a time, I wish the
aisles in the store would magically rearrange and I could straight away find
what I need without reaching out to a store assistant. These were the problems
that I was trying to solve when I came about this flash on a digitally enhanced
store assistant on my mobile device.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The concept is the user (someone like me) creates a shopping
list in a retailer website, mobile site gets synchronized on the app (if not
already entered using the app). When the user walks into the store, the ibeacon
identifies the user and links the app to the store planogram. The Augmented
reality enabled app then highlights the exact spots in the store where the
products that the user is interested in by overlaying highlights using the
store background. It also creates the shortest pathway to complete the shopping
faster. Enroute the shopping path, there are opportunities for the retailer to
highlight the most relevant offers that the user is most likely to be
interested in, and highlighted products that the user typically buys but did
not have on the list (as a reminder). The different product listing could be
color coded differently, for example the items on the shopping list – red,
promotions and offers – amber, and the reminder (personalized recommendations)
in green, etc.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
This augmented reality app digitally
enhances the user’s physical shopping experience. Though there are already apps
that use augmented reality to highlight offers and products, the concept of
using augmented reality to personalize the shopping route and experience of the
user is what I would like to propagate. <o:p></o:p></div>
<br />
<div class="MsoNormal">
<br /></div>
</div>
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-68546595935495221632017-10-27T12:58:00.003-07:002019-01-08T16:35:57.393-08:00Evolution of Data Governance and forms of Government<div dir="ltr" style="text-align: left;" trbidi="on">
<h2 style="text-align: center;">
<b><span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: large;">Data governance akin to forms of governments</span></span></b></h2>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif;">In the recent times, there has been a renewed focus on data
governance that is because as people and organizations have come to realize
that data is a strategic asset and it can be monetized. When an object is
termed as an asset and there is monetary value associated with it, then it
becomes worthy of protection. If it has to protected and used at the same time
then it needs to have governance. I am beginning to appreciate formation of
several forms of governments in this new light or realization. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif;">Just like monarchy and dictatorship is passé so is data
governance that is controlled by one data admin or an IT head in the
organization. In most organization where the communist form of data governance
thrived this is being replaced by the socialist or democratic movements in data
governance. A few IT teams used to control data and its input, storage,
distribution, etc. The flaws of this system were data was rationed and a select
few decided who gets access to what and there were a lot of red tape and
bureaucracy with this form of data governance. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-MM2jAVunIOk/WfOPPJDFoTI/AAAAAAAADv8/aWjqjwEY0pcYxPQ4VUgERhQb7GlIzdqLgCLcBGAs/s1600/Govt.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="480" height="150" src="https://1.bp.blogspot.com/-MM2jAVunIOk/WfOPPJDFoTI/AAAAAAAADv8/aWjqjwEY0pcYxPQ4VUgERhQb7GlIzdqLgCLcBGAs/s200/Govt.jpg" width="200" /></a></div>
<div class="MsoNormal">
<span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif;">The socialist form of data governance is what is prevalent in
most organizations as per my opinion. The benevolent central organization have
created efficient processes and rules to administer and distribute data to all
parties as and when required. The drawbacks with this system is still that one
rule fits all (what will the lactose intolerant do with all that milk). There
is very little scope for flexibility and innovation. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif;">Finally, many prudent organizations are maturing to
democratic data governance. The people who use the data get to input and access
the data as and when required and put it to use in such a way that they derive value
as per the effort they put into it. In short it is data (input) of the people,
by the people, for the people. Data is understood as the commodity of value and
it is managed with care and governed by chosen representatives who are
responsible and answerable to the creators of value from the data.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
<h1 style="background: white; line-height: 15.75pt; margin-bottom: 11.25pt; margin-left: 0in; margin-right: 0in; margin-top: 0in;">
<a href="https://2.bp.blogspot.com/-XaEaE26opls/WfOPdwnBUdI/AAAAAAAADwA/Bv0rH2jxl0E4hkDKW5BiQNQdJ6RRpfuVwCLcBGAs/s1600/calvin.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="225" data-original-width="225" src="https://2.bp.blogspot.com/-XaEaE26opls/WfOPdwnBUdI/AAAAAAAADwA/Bv0rH2jxl0E4hkDKW5BiQNQdJ6RRpfuVwCLcBGAs/s1600/calvin.png" /></a><span style="font-weight: normal;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: small;">To
quote Winston Churchill - “<i>Many forms of
Government have been tried, and will be tried in this world. No one pretends
that democracy is perfect or all-wise. Indeed, it has been said that democracy
is the worst form of government except all those other forms that have been
tried from time to time</i>.”<o:p></o:p></span></span></h1>
<br />
<div class="MsoNormal">
<span style="line-height: 107%;"><span style="font-family: "trebuchet ms" , sans-serif;">To conclude though all forms of governance will have some
flaw, it is very important that organizations resort to some form of data
governance even though anarchy seems to be very appealing and easy.<o:p></o:p></span></span></div>
<b><i><span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></i></b>
<b><i><span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></i></b>
<b><i><br /></i></b>
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-74316490780733174962015-03-18T14:13:00.001-07:002015-03-18T14:13:20.324-07:00Innovation Showcase - "Tracking in PDF"<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: medium;"><div>
<a href="http://3.bp.blogspot.com/-winFuAjHgEI/VQnafaqpqOI/AAAAAAAACj8/rEsLe1z3mek/s1600/Adobe%2BSummit%2BPS1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="http://3.bp.blogspot.com/-winFuAjHgEI/VQnafaqpqOI/AAAAAAAACj8/rEsLe1z3mek/s320/Adobe%2BSummit%2BPS1.jpg" width="320" /></a></div>
Recently, I had the good fortune to present on an innovative solution that was developed by some *great minds part of the competency I belong to. I presented the solution at the “Partner innovation showcase 2015” in the annual Adobe Summit held in Salt lake City, March 9<sup>th</sup> 2015. This solution was on how we could track customer behavior on PDF, while click stream tracking and analytics based on the same has been a main stream analytics solution, till now no one ventured in the realm of “in-PDF” tracking.</span><br style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><div class="MsoNormal" style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">
<span style="font-size: medium;"><o:p></o:p></span></div>
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<o:p><span style="font-size: medium;"><br /></span></o:p></div>
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<span style="font-size: medium;">“In-PDF tracking” can have multiple use cases especially for B2B companies that provide rich content to their site visitors in terms of white paper downloads. We all know that it is common practice for these companies to track their prospect behavior on how many times they visit the site/ app from which device and do they then download a whitepaper or webinar, etc. Imagine, if we could stitch this with how many times the prospect opens the whitepaper, the interaction on the white paper like filling in a form or forwarding it to friend, etc. Now this insight is possible if the user interacts with the pdf while they are online.</span><o:p></o:p></div>
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<div class="MsoNormal" style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">
<a href="http://4.bp.blogspot.com/-jdB60YCy2oM/VQnai6zxX0I/AAAAAAAACkE/6dDv9a1yuNA/s1600/Adobe%2BSummit%2BPS%2B2.jpg" imageanchor="1" style="clear: left; color: #888888; float: left; margin-bottom: 1em; margin-right: 1em; text-decoration: none;"><img border="0" height="240" src="http://4.bp.blogspot.com/-jdB60YCy2oM/VQnai6zxX0I/AAAAAAAACkE/6dDv9a1yuNA/s1600/Adobe%2BSummit%2BPS%2B2.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="320" /></a><o:p> </o:p><span style="font-size: medium;">Well the solution is not limited to B2B sites, it can very well translate to Medical/ Pharma sites that provide additional information on the product/ drug/ prescription to health care professionals or even patients by PDF downloads. An analysis to validate if these additional documents are put to effective use or not, can save huge costs to these companies. Further there are several financial companies that require users to download forms as pdf and then send it over by post after duly signing them. This would directly relate to the revenue potential for the financial companies.</span></div>
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<span style="font-size: medium;">One big area for which this solution was originally developed was in the field of online coupon printing business. I did not know that this online couponing is such a huge business giving out *329 billion coupons in 2013 alone and out of this close to 2.9 billion coupons were redeemed. This apparently resulted in savings worth 3.7 billion dollars to the consumers. This was a huge revelation for me, as I was not aware that the simple coupon that I throw away very often is such large industry both as a business as well as impactful marketing tool. The below cartoon strip puts the emotions associated with coupons in a light yet powerful manner.</span><o:p></o:p></div>
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<a href="http://1.bp.blogspot.com/-AyHMurut47E/VQnc3F2PH9I/AAAAAAAACkY/N_rzmUQM7wo/s1600/3.jpg" imageanchor="1" style="color: #888888; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" height="200" src="http://1.bp.blogspot.com/-AyHMurut47E/VQnc3F2PH9I/AAAAAAAACkY/N_rzmUQM7wo/s1600/3.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="640" /></a></div>
<br style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><div class="MsoNormal" style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">
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<o:p> </o:p><span style="font-size: medium;">The website tracking is usually done using HTTPGET method, the solution that was developed completely flipped this over and derived the data and information from the PDF documents using the HTTPPOST method. The fact that we can stitch the visitor sessions using the cross device visitor identification methodology, we were able to seamlessly track the visitor behavior across the browser and the pdf irrespective of, whether the pdf was opened using the browser or the desktop application.</span></div>
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<span style="font-size: medium;"><o:p></o:p></span></div>
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<span style="font-size: medium;"><br /></span><span style="font-size: medium;"><br /></span></div>
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<span style="font-size: medium;">Further the possibility of using this technique to track other applications like pdf has opened a whole new world of opportunities and possibilities for the digital marketer.</span><o:p></o:p></div>
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<br style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><div class="MsoListParagraphCxSpLast" style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">
<span style="font-size: medium;">* Kamal Chembath</span></div>
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<span style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: medium; line-height: 18.4799995422363px;">* </span><i style="background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: large; line-height: 18.4799995422363px;">Courtesy: inmar 2014 Coupon Trends</i><br />
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-51495613507648444692014-08-05T08:13:00.003-07:002014-08-05T18:44:17.472-07:00Winning the Checkout Race<div class="MsoNormal" style="text-align: center;">
<b><span style="color: #38761d; font-size: large;">Winning the Checkout race</span></b><o:p></o:p></div>
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<a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a>In the final and penultimate leg on the relay to conversion,
that is after the prospective customer added the product to basket and gets
into the checkout process is the most critical step that could very often make
or break the game. As with any sport your end game is the clincher and any
mistake that you make here could make a huge difference between winning and
losing. Hence unlike the opening and middle game the clincher here is not doing
something dramatic or sensational but to avoid making mistakes and retain the
momentum gathered in the first part of the game and see it to the finish lane. <o:p></o:p><br />
<br /></div>
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If we were to draw a parallel to the last lap of the 4 x
400m relay, you need to cover 4 important legs of 100m each - view & manage
cart, shipping, payment and order confirmation. The quicker we run through the
4 legs the quicker to finish line and winning the race. Let’s take each step
and identify what could potentially go wrong and how we could avoid that and use
data/ analytics to facilitate winning.<o:p></o:p><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://4.bp.blogspot.com/-mFN-BH8RgU8/U-D2lGY5g2I/AAAAAAAACaM/Bo9U4uExwlc/s1600/Checkout+conversion.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-mFN-BH8RgU8/U-D2lGY5g2I/AAAAAAAACaM/Bo9U4uExwlc/s1600/Checkout+conversion.jpg" height="127" width="400" /></a></div>
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<span style="font-size: 8.0pt; line-height: 115%;">Source:
Forrester May 2010 ‘Understanding Shopping Cart Abandonment’. Note respondents
were able to give multiple answers</span><o:p></o:p></div>
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<v:imagedata src="file:///C:\Users\ctsuser\AppData\Local\Temp\msohtmlclip1\01\clip_image003.jpg"
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<v:imagedata src="file:///C:\Users\ctsuser\AppData\Local\Temp\msohtmlclip1\01\clip_image003.jpg"
o:title="Cart Value Abandonment Trends" croptop="44096f"/>
</v:shape><![endif]--><!--[if !vml]--><!--[endif]--></span><span lang="EN" style="font-family: "Trebuchet MS","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN;"><o:p></o:p></span></div>
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<a href="http://4.bp.blogspot.com/--SrENCGxg48/U-D22IQP9rI/AAAAAAAACaU/4_hatAVETH0/s1600/Cart+conversion.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/--SrENCGxg48/U-D22IQP9rI/AAAAAAAACaU/4_hatAVETH0/s1600/Cart+conversion.jpg" height="640" width="396" /></a></div>
<br /></div>
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<b><span style="color: #38761d; font-size: large;">Add to cart:</span></b><o:p></o:p></div>
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<br />
This is the first step, which differentiates the casual
browser from a serious one. From the moment a visitor adds products to the cart
it is important for the brand to steward the visitor to the finish line. We
could analyze customer behavior and profile by segmenting those who have added
items to basket to those who have not, what is their demographic make-up and
visit behavior on the website (how many times they visit in a week, which days
of the week they visit, through which referrers, browsers, devices, etc.).
Further segment the audience who add products into the cart and the time they
took for the same. Did they have 1-2 visits, 3-5 visits, 5-10 visits or 10+
visits before they started adding products into the cart and how it differs by
the category that they are shopping and the value of the items added to the cart?
<o:p></o:p><br />
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<o:p></o:p></div>
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With this analysis we could identify which audience segment
to go after and how to prod them to add products to the basket. For future analysis also have a segmentation
ready of visitors who add to basket and never purchase vs. customers who
purchase what are factors that sets them apart. Identify is a technical
limitation that causing the visitors to quit or page rendering/ application
functionality in a certain browser, operating system, device type, etc. More
analysis on patterns that determine if customers abandon a particular product
category or product group more often than others, value of the cart when it is
abandoned and delivery options displayed as well to optimize further.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
If you are a multichannel retailer you could also validate
of all the customers who abandon their cart, how many buy these products in
store and within what period of time. Can this be facilitated by use of coupons
to those who abandon the cart to purchase them in store with the value of the
shipping cost provided as the coupon value.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=29036367" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><b><span style="color: #38761d; font-size: large;">Shipping Page:</span></b><o:p></o:p><br />
<br /></div>
<div class="MsoNormal">
When the visitor moves from Add to cart to the shipping page
it is the next big leap of faith, especially if the shipping cost is not
provided to them early on in the process. For any ecommerce site the shipping
page is the make or break point, if the shipping cost or options provided is
not sufficient customers are not motivated to complete the transaction. This is
the point when the customer is going to evaluate how much longer they are
willing to wait for the product (they have the option of going to the store and
purchasing it for immediate gratification) and the price that they are willing
to pay for the delivery. Items in the cart based on the value, size and
functionality determines the decision. Analysis on the shipping cost elasticity
for different categories through testing will help the brand determine the
ideal shipping cost. Further testing on shipping cost barriers could be done
using geography and other customer segmentation based on loyalty and lifestyle
segmentation.<o:p></o:p></div>
<div class="MsoNormal">
<br />
Obviously providing a free delivery/ shipping option is
going to increase conversion immediately, however most ecommerce vendors’
profit margin is linked to the shipping cost. The below provided infographic,
clearly calls out shipping cost as the lynch-pin to conversion.<br />
<br />
<a href="http://2.bp.blogspot.com/-F1O8QPyXSBs/U-D3i7AotuI/AAAAAAAACaw/B4b9krbaqYQ/s1600/shipping+page+conversion+2.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" src="http://2.bp.blogspot.com/-F1O8QPyXSBs/U-D3i7AotuI/AAAAAAAACaw/B4b9krbaqYQ/s1600/shipping+page+conversion+2.jpg" /></a><br />
<br /></div>
<div class="MsoNormal">
<!--[if gte vml 1]><v:shape
id="Picture_x0020_1" o:spid="_x0000_i1027" type="#_x0000_t75" style='width:435pt;
height:1233pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:\Users\ctsuser\AppData\Local\Temp\msohtmlclip1\01\clip_image005.jpg"
o:title="cart-abandonment-infographic[1]"/>
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<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-size: large;">Payment Page:</span></b><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<!--[if gte vml 1]><v:shape
id="Picture_x0020_5" o:spid="_x0000_i1026" type="#_x0000_t75" alt="http://quicwebecommerce.com/wp-content/uploads/2012/04/payment.png"
style='width:273.75pt;height:174pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:\Users\ctsuser\AppData\Local\Temp\msohtmlclip1\01\clip_image006.png"
o:title="payment"/>
</v:shape><![endif]--><!--[if !vml]--><!--[endif]--><o:p></o:p></div>
<div class="MsoNormal">
This is one critical step when the frivolous user drops out
as they do not want to give out the credit card information as well as an
important step to reassure and make the customer give out the payment
information.<o:p></o:p><br />
<br /></div>
<div class="MsoNormal">
<a href="http://3.bp.blogspot.com/-be9j_4DPFls/U-D3eV9wCEI/AAAAAAAACak/9C5-dj9Pgt4/s1600/Payment+conversion.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-be9j_4DPFls/U-D3eV9wCEI/AAAAAAAACak/9C5-dj9Pgt4/s1600/Payment+conversion.jpg" height="126" width="200" /></a>At this step analysis such as, what is most often used mode
of payment, what are reasons for the same, etc., along with dimensions such
geography, time of the year and anonymous vs signed in path could add more
insight. We could do tests and optimize the page base on, does security sign
play a critical role in ensuring that customer leave their credit card
information there. What are the different verification mechanism built in this
page and how it affects load times on different browsers, browser versions,
operating systems, etc.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-size: large;">Order Review and confirmation:</span></b><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
This is the ultimate clincher. This page should carry as
little distraction to the customer as possible at the same time provide options
to edit items and quantity in the cart (preferably within the same page). The
conversion rate at this step should be close to 85% - 95% and those who drop
off could be potential audience for remarketing. Use qualitative information to
check why they drop off at this last step to give more insight and fix the
issues.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Some ecommerce retailers choose to show the price or
additional price like tax, shipping cost, etc at this stage, in that case the
conversion rate will go down dramatically. It is better to show the cost
upfront if the increase in price due to these additional unexpected charges is
much higher. If the price increase is only marginal then dip in conversion is
likely to be low.<o:p></o:p><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-mma_qWyDtnA/U-D3eIFSb1I/AAAAAAAACag/nE6zu_ETpuA/s1600/Order+conversion.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-mma_qWyDtnA/U-D3eIFSb1I/AAAAAAAACag/nE6zu_ETpuA/s1600/Order+conversion.jpg" /></a></div>
</div>
<div class="MsoNormal">
<!--[if gte vml 1]><v:shape
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style='width:210.75pt;height:135pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:\Users\ctsuser\AppData\Local\Temp\msohtmlclip1\01\clip_image008.jpg"
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</v:shape><![endif]--><!--[if !vml]--><!--[endif]--><o:p></o:p></div>
<div class="MsoNormal">
<br />
And once the order has been placed it is important to show
and reassure the customer that the order has been placed and they can expect to
receive it on a certain date. Use this page to also experiment loyalty building
by promoting loyalty programs, social media pages and take them back to the
home page.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<!-- End of social bookmarks --><br />
<div class="MsoNormal">
<br />
In short, the checkout process is the most critical step in
the conversion funnel and each step needs to be scrutinized and the process fine-tuned
with a continuous improvement and optimization program.<o:p></o:p></div>
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-17855165523336246152011-11-15T01:32:00.000-08:002011-11-15T01:43:21.823-08:00How much was the visit worth?<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-OVpis5XK7IU/TsIxLC4OM0I/AAAAAAAABHg/09yd8H63f3g/s1600/store+front.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" nda="true" src="http://4.bp.blogspot.com/-OVpis5XK7IU/TsIxLC4OM0I/AAAAAAAABHg/09yd8H63f3g/s1600/store+front.jpg" /></a></div>In retail there are a few core KPIs such as Inventory turnover ratio, Sales per square foot, average spend per footfall, etc. From the store manger, merchandiser and the marketing personnel's point of view it the average spend per customer footfall that explains if the store is attracting the right target audience and after they have made the visit to the store the customer has found the product that he/she is looking for, it is priced right and it has inspired or motivated the customer to part with the money and take the product home.<br />
<br />
<div></div>Technology has not fundamentally changed the essentials; we still need to eat, clothe and shelter ourselves. How we do that and the other needs of safety, education, comfort, etc has gone through revolutionary changes. <br />
<br />
<div></div>In my experience working in ecommerce websites , I find that this one KPI of Revenue per Visit sums up all the other KPIs very well and provides everyone with an actionable metric. It quintessentially measure the money that the website makes every time a customer enters your ecommerce store. Then add further dimensions such as <br />
<br />
<div></div><ul style="text-align: left;"><li>Revenue per visit based on frequency of visit of the customer</li>
<li>Revenue per visit split by demographic data such as age, region, etc</li>
<li>Revenue per visit by first referrer visit, by last referrer, all 28 day referrer visits</li>
<li>By product category</li>
<li>By visitor loyalty</li>
<li>By Devices ( like smart phones, tablets, etc.) </li>
<li>Revenue per visit by marketing channels/ landing pages</li>
<li>Revenue per visit with relation to customer satisfaction rating scores </li>
</ul><br />
<br />
<div></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/--GBh9CS-kvs/TsIxdrTX4MI/AAAAAAAABHo/PMXRE84hViU/s1600/Influence+the+sales+graph.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" nda="true" src="http://4.bp.blogspot.com/--GBh9CS-kvs/TsIxdrTX4MI/AAAAAAAABHo/PMXRE84hViU/s1600/Influence+the+sales+graph.jpg" /></a></div>The product team looks at the revenue per visit on the page and combines it with page view bounce rate, page view conversion report and in relation with the product's importance in portfolio decide on whether the product is meeting it's expectation or not.<br />
<br />
<div></div>Revenue per visit in view with the competitor price index/ position gives us what the pricing team need to do to make the product/ product category more competitive and compelling for the customers.<br />
<br />
<div></div>The promotions team looks at the uplift in revenue per visit to the cost incurred on promotions. <br />
<br />
<div></div>The merchandising team can optimize based on the positive or negative change in this metric on the performance of the new zones/ pages they have created.<br />
<div></div><br />
<div></div><div class="separator" style="clear: both; text-align: left;"><a href="http://1.bp.blogspot.com/-RIFYkDkClno/TsIxn3cTxKI/AAAAAAAABHw/9OuWf9s8MXw/s1600/cloud.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" nda="true" src="http://1.bp.blogspot.com/-RIFYkDkClno/TsIxn3cTxKI/AAAAAAAABHw/9OuWf9s8MXw/s1600/cloud.jpg" /></a>Above all to the top management it provides in a snapshot the health of the business and with every footfall the customer makes to the website or ecommerce store, what was the bottom line or top line impact. In short what is the worth of every visit the customer makes to the website through their desktop, iPad, smart phone, online kiosks, smart TV or any other device that is going to enter the market and how much he transacts with the company/ brand.</div> <br />
<br />
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-84425763583918941312011-08-12T03:51:00.000-07:002011-08-12T04:42:28.641-07:00Six Dimensions of Analysis for a Web Based BusinessMost of us are familiar with web analytics thanks to great proponents of this trade, who have really made it large and got web analytics the due credit and recognition it deserves. However as web analysts most of us stop with click stream and do not look beyond that. Today I would like to talk about the other facets of analytics for a web based business which are equally important and would help us as marketer to solve the Rubik.
<br />
<br /><strong>The First Dimension:</strong>
<br />
<br /><a href="http://3.bp.blogspot.com/-3kNDaU0x_Ec/TkUL6H-HrBI/AAAAAAAABFI/ivSuDTt5Dec/s1600/Rubik.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 240px; height: 240px;" src="http://3.bp.blogspot.com/-3kNDaU0x_Ec/TkUL6H-HrBI/AAAAAAAABFI/ivSuDTt5Dec/s320/Rubik.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639927201551330322" /></a>
<br />Is off course is what all of us are familiar with the “Click Stream Analysis”, which looks at visitor and customer behaviour on the website. We analyse the various referrers, frequency of visits, number of pages viewed, time spent on the website and more importantly how many converted into sales or leads or any other goals that we have set as success criterion. Another blog on <a href="http://web-scapes.blogspot.com/2006/08/kpis-for-online-retail-site.html">web analytics KPIs</a> which I have written in the past delves in this area.
<br />
<br /><strong>The Second Plane:</strong>
<br />
<br /><a href="http://2.bp.blogspot.com/-0AeysVOTlFU/TkUMljKYYYI/AAAAAAAABFQ/CqiGtQ3v9jk/s1600/Hoyle%2BPuzzle%2Band%2BBoard%2BGames%2B2014%255B1%255D.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 231px;" src="http://2.bp.blogspot.com/-0AeysVOTlFU/TkUMljKYYYI/AAAAAAAABFQ/CqiGtQ3v9jk/s320/Hoyle%2BPuzzle%2Band%2BBoard%2BGames%2B2014%255B1%255D.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639927947584889218" /></a>
<br />Business/ Trade analysis: This analysis is surely being carried out perhaps in a separate department within your organisation or by business analysts/ consultants who keep the top management updated with regard to the health of the business. The Finance team also carries out this analysis and tracks growth in terms of sales, margin, cost and profit. In case of a business that is done on the web, it is important for the web analyst to understand the sales driven by the website, the profits made from different offering, parameters of growth and other such business KPIs.
<br />
<br />To elaborate on the same for an ecommerce website we would look at the year on year/ week on week and other periods of comparison for sales, orders, average order value and growth on these parameters. We would look at factors contributing to growth, what percentage of it is from underlying customers and how much is from new acquisitions. Further also we need to look at operational metrics such as availability, speed and accuracy of delivery, customer complaints, etc. and macro economic factors like inflation, customer spending index, customer confidence measures, etc.
<br />
<br /><strong>The Third Angle:</strong>
<br />
<br /><a href="http://3.bp.blogspot.com/-bJAEeHD1kGc/TkUNRBWr0vI/AAAAAAAABFY/JGZFdT6t7YY/s1600/ThreePlayerChess.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 300px; height: 203px;" src="http://3.bp.blogspot.com/-bJAEeHD1kGc/TkUNRBWr0vI/AAAAAAAABFY/JGZFdT6t7YY/s320/ThreePlayerChess.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639928694423933682" /></a>
<br />The most important element in the entire piece is the customers. How well do we know them? Let’s start with demographics. Who are these customers are they, young or old, male or female, where do they live, what is their educational, cultural, social background, how affluent are they, etc. We also need to look at data on how often customers buy from us, how much they spend and what products/ services they bought. This data is mostly available in our customer databases, which we use to target and market using email or even direct mail. We need to also research and understand what drives these customers, what their motivations to buy from us are and when they leave to our competitors why do they leave. This is usually data that we could get by qualitative research.
<br />
<br /><strong>Fourth Estate:</strong>
<br />
<br /><a href="http://1.bp.blogspot.com/-w5MpWWVVjVk/TkUN5LGZhwI/AAAAAAAABFg/hbYEUkLFZ3s/s1600/Ludo_Game.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 249px;" src="http://1.bp.blogspot.com/-w5MpWWVVjVk/TkUN5LGZhwI/AAAAAAAABFg/hbYEUkLFZ3s/s320/Ludo_Game.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639929384234747650" /></a>
<br />Is all about competitors. What is our price and promotions position with regard to competition. We have at our disposal competition intelligence tools. These tools are at many levels, if you only need to know what is your visitor market share and market position, tools such as Alexa and Hitwise can help. However if you want to scrape your website or competition website to compare products, price and promotion information then there are service providers like eClerx, profitero and Netvide. These tools provide data to then build a basket of comparative products and the price index of our competitors with ours. This is very powerful as right price is increasingly becoming more important (especially in the online medium, where comparison is so easy) as the determinant of sale/ conversion.
<br />
<br /><strong>Fifth Slant:</strong>
<br />
<br /><a href="http://3.bp.blogspot.com/-zyRfwGC7UHk/TkUOloslMNI/AAAAAAAABFo/ZiNrDMhTT3Q/s1600/Pentagon.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 154px; height: 150px;" src="http://3.bp.blogspot.com/-zyRfwGC7UHk/TkUOloslMNI/AAAAAAAABFo/ZiNrDMhTT3Q/s320/Pentagon.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639930148093767890" /></a>
<br />
<br />The marketing effectiveness study is our fifth component. This area of analytics is also a mature one as online advertising and targeting has been around and studied for a long time. There are tools like double click, Unica, etc that measure the return on investment of the marketing spend. They also are so advanced that they manage the end to end process of administer/ target the audience and measure the impact. The most popular online advertising channels are search engine marketing, email marketing, affiliate and online media (such as banners and links). Recent times we have more subtle marketing that has caught the interest of marketers is the social media marketing. You can read more on social media marketing in this blog - <a href="http://web-scapes.blogspot.com/2010/05/social-media-is-no-passing-fad.html">Social Media</a>.
<br />
<br /><strong>The Final Piece:</strong>
<br />
<br /><a href="http://1.bp.blogspot.com/-2I5wM5XP-tw/TkUPK2Zm9QI/AAAAAAAABFw/IDT0YaWJPgk/s1600/Jigsaw.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 142px; height: 112px;" src="http://1.bp.blogspot.com/-2I5wM5XP-tw/TkUPK2Zm9QI/AAAAAAAABFw/IDT0YaWJPgk/s320/Jigsaw.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639930787427448066" /></a>
<br />
<br />The final piece to the jigsaw puzzle is the new kid on the block – fraud analytics. Big ecommerce websites are easy targets for fraudsters. Analysis in this area involves identifying patterns of fraud attacks and to build rules to prevent them when they hit the website. This could help us to save not only losing revenue but more importantly reputation as well.
<br />
<br /><strong>Puzzle Solved: </strong>
<br />
<br /><a href="http://2.bp.blogspot.com/-kETCOld8PBE/TkUPzg80VVI/AAAAAAAABF4/jwuodlq_sCw/s1600/Rubix%2B2.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 312px; height: 320px;" src="http://2.bp.blogspot.com/-kETCOld8PBE/TkUPzg80VVI/AAAAAAAABF4/jwuodlq_sCw/s320/Rubix%2B2.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5639931486044181842" /></a>
<br />
<br />When we look and comprehend all this data impacting and contributing to the business individually as well as in a combination that is when we could draw more meaningful insight. This would give us a complete picture of how we could improve and optimise the business for better reach, profits, revenue and customer satisfaction.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-63065137503591321852010-05-26T02:12:00.000-07:002010-05-26T03:26:55.815-07:00Social Media is no "Passing Fad"Social Media is here to stay. A year or so back it was widely speculated that “Social Media” (SM) is a fad and will soon evolve or vanish. However, no one can deny that SM is here to stay and perhaps even revolutionize the way we buy, sell, stay connected, interact and also evolve socially.<br /><br /><a href="http://1.bp.blogspot.com/_nur-04qzCKA/S_z0OhYAMYI/AAAAAAAABBk/TYZnmI9C2vI/s1600/GlobePeopleComputers[1].jpg"><img id="BLOGGER_PHOTO_ID_5475519777290072450" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 320px; CURSOR: hand; HEIGHT: 240px" alt="" src="http://1.bp.blogspot.com/_nur-04qzCKA/S_z0OhYAMYI/AAAAAAAABBk/TYZnmI9C2vI/s320/GlobePeopleComputers%5B1%5D.jpg" border="0" /></a>Just as the Internet revolutionized the world in the last decade of the 20th century, Social Media and Social Media Marketing (SMM) are in the process of doing the same. Just as with the advent of Internet a whole lot of ancillary industries evolved and are flourishing, the Social Media is nurturing quite a few industries already.<br /><br />Any powerful invention will find its own use is so true, because social media is traversed all the boundaries that it was perceived to be built with. It is now a truly creative medium just like a canvas or cinema, which you can use to tell any story you want.<br /><br />Social Media Marketing is of more interest to me as a marketer. Hence I will dwell more into SMM than SM in this blog. I would like to start with the most important phrase in any manager’s vocabulary – “What cannot be measured, cannot be managed”. And yes, SMM can be measured. There are various free as well as paid tools that are available with which you could manage your SM activities.<br /><br />With the knowledge of we can track what is on SM and hence optimize our spend and increase our returns, let us now venture into how we could be associated and grow our business through SMM. The only prerequisite to be a good marketer in SM is you got to be imaginative and know your fundamentals well.<br /><br />The Marketer has to follow the customer, if the customer is on the Moon we better be there and so be it for SM. The advantages that we have with SM are that the customer can double up as the marketer as well and when it comes from the horse’s mouth, the recommendation is worth much more. It is as close to as one can get as the product being recommended by a friend or a close associate/ family member and hence it is powerful and we cannot afford to ignore or let it grow organically. As marketers it is our responsibility to seed, grow and nurture these social relationships and what it can do for us and vice versa.<br /><br /><strong>One Size Doesn’t fit all</strong><br /><a href="http://1.bp.blogspot.com/_nur-04qzCKA/S_zrGXwle0I/AAAAAAAABAs/DHjl7Rmq-Xo/s1600/One+Size+doesnt+fit+all.jpg"><img id="BLOGGER_PHOTO_ID_5475509741665221442" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 205px; CURSOR: hand; HEIGHT: 192px" alt="" src="http://1.bp.blogspot.com/_nur-04qzCKA/S_zrGXwle0I/AAAAAAAABAs/DHjl7Rmq-Xo/s320/One+Size+doesnt+fit+all.jpg" border="0" /></a>SMM is by far the most creative as well as complex media that I have come across so far. But it is heartening to see so many creative marketers out there who are redefining many set principles and notions. SMM straddles from being a tactical tool to sell products and services and raise awareness to a tool that can facilitate research and understanding of the market place, target audience preference, etc to being a strategic tool that could facilitate or change the business.<br /><br /><strong>The Different uses that SMM could be put to:</strong><br /><br /><strong>Crisis Management:</strong><a href="http://4.bp.blogspot.com/_nur-04qzCKA/S_zrl8SOXTI/AAAAAAAABA0/s1ZNwCpj4rw/s1600/Crisis+Management.jpg"><img id="BLOGGER_PHOTO_ID_5475510284045933874" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; WIDTH: 229px; CURSOR: hand; HEIGHT: 183px" alt="" src="http://4.bp.blogspot.com/_nur-04qzCKA/S_zrl8SOXTI/AAAAAAAABA0/s1ZNwCpj4rw/s320/Crisis+Management.jpg" border="0" /></a><br /><br /><div><br />Alerts are set to highlight when there is a negative experience shared by consumers/ visitors in a forum or blog to tackle it by providing justification and the necessary corrective action we use it as a crisis management tool.<br /><br /><strong>Selling Channel:</strong><br /><a href="http://4.bp.blogspot.com/_nur-04qzCKA/S_zsH4QO1XI/AAAAAAAABA8/XsXCLgDpD1s/s1600/Selling+tool.jpg"><img id="BLOGGER_PHOTO_ID_5475510867079386482" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 200px; CURSOR: hand; HEIGHT: 200px" alt="" src="http://4.bp.blogspot.com/_nur-04qzCKA/S_zsH4QO1XI/AAAAAAAABA8/XsXCLgDpD1s/s200/Selling+tool.jpg" border="0" /></a>This aspect of SMM is widely and creatively used by many companies. Facebook, Twitter and Youtube are the best resources in this area. Twitter was even used by the present American President Barack Obama in his campaign, need we say very successfully. Youtube is used by different technology manufacturers to promote product acceptance and demos. Facebook has innumerable success stories, please check Facebook marketing success stories<br /><br /><strong>Brand Insight: </strong><strong><br /></strong><a href="http://3.bp.blogspot.com/_nur-04qzCKA/S_zyEXur8aI/AAAAAAAABBc/O43OIWNndcA/s1600/Brand+Insight.jpg"><img id="BLOGGER_PHOTO_ID_5475517403878912418" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 200px; CURSOR: hand; HEIGHT: 300px" alt="" src="http://3.bp.blogspot.com/_nur-04qzCKA/S_zyEXur8aI/AAAAAAAABBc/O43OIWNndcA/s320/Brand+Insight.jpg" border="0" /></a></div><div> </div><div>It can provide brand insight which is better than any market research. To explain in simple terms - Say for example you are Macdonald and when you find that your customers blogs or on discussion forums use keywords like tasty, delicious, wholesome and in contrast uses keywords like green, healthy snack, low calorie etc to talk about your competitor – Subway. It helps you macdonalds to form associations that your brand has in the minds of the customer.<br /></div><div></div><div><br /><strong></strong></div><div><strong></strong></div><div><strong></strong> </div><div><strong>Trend Insight:</strong><br /><br /><a href="http://3.bp.blogspot.com/_nur-04qzCKA/S_zwGG8w0MI/AAAAAAAABBE/aj7yk0k4zLU/s1600/google+trends.JPG"><img id="BLOGGER_PHOTO_ID_5475515234711032002" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; WIDTH: 328px; CURSOR: hand; HEIGHT: 135px" alt="" src="http://3.bp.blogspot.com/_nur-04qzCKA/S_zwGG8w0MI/AAAAAAAABBE/aj7yk0k4zLU/s200/google+trends.JPG" border="0" /></a><br />Another area where SM can really benefit marketers is in getting a quick read on a trend. This is typically one of the hardest things to pick up using standard surveys. But social media gives you the opportunity to quickly scan millions of blog posts to see if there are themes emerging. For example look at this chart from Google trends where the red line indicates weight loss and the blue one MacDonald, see the occurrences when there is a spike in weight loss there is a drop in McDonalds. This would indicate an emerging trend to McDonalds, if the red line was steadily going up, it would be a cause of worry to McDonalds and they would react by introducing a calorie free range to their menu.<br /><br /><strong>Consumer Insight:</strong><br /><a href="http://3.bp.blogspot.com/_nur-04qzCKA/S_zxZNggz3I/AAAAAAAABBU/WsvntJk7QOs/s1600/customer+insight.JPG"><img id="BLOGGER_PHOTO_ID_5475516662400733042" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 249px; CURSOR: hand; HEIGHT: 320px" alt="" src="http://3.bp.blogspot.com/_nur-04qzCKA/S_zxZNggz3I/AAAAAAAABBU/WsvntJk7QOs/s320/customer+insight.JPG" border="0" /></a> Social media can help you to know your consumers better. (1) You could track all the topics/ keywords that are relevant to your brand and then evaluate the tempo of the conversations that are accompanied with these topics/ keywords. And then understand who are the contributors or influencers to these conversations online and then profile them (potential customers) and finally target them. Or (2) We identify a group of our customers/ potential customers and then track their behaviour online, which websites they frequent, how much they contribute/ influence their groups, what is their psychographic profile, interests, affiliations, etc.<br /><br />Hence SMM is not just another channel that we could use to sell our products and services. But it could facilitate a lot more strategic marketing initiatives and helps to build a powerful brand for the new age.</div><div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-26831010484265060512009-03-03T06:08:00.000-08:002009-03-03T06:36:21.991-08:00eBrands- unraveling the phenomenonI intend this blog to be the first of the series I intend to write on brand building on the Internet.<br /><br />Recently I was working on increasing the conversion rate for a website selling flowers online. While doing so, I realized the susceptibility of these websites getting into experimentation conundrum and overlooking the simple principles and importance of brand building.<br /><br />Brand building has withstood the test of time and we have with us brands with vintages of more than a century. How could this not be true to any medium even though it is still termed the new media. Online/ ecommerce needs to quickly embrace brand building and place their long term strategies based on the same principles.<br /><br /><a href="http://3.bp.blogspot.com/_nur-04qzCKA/Sa1ACxPEdlI/AAAAAAAAA98/Rg0iq94q4p8/s1600-h/yahoo.gif"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 195px; height: 49px;" src="http://3.bp.blogspot.com/_nur-04qzCKA/Sa1ACxPEdlI/AAAAAAAAA98/Rg0iq94q4p8/s320/yahoo.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5308969952060143186" /></a>It is true most big internet players are aware of building brands and created mammoth brands such as Google, Yahoo, Amazon, eBay, etc. However, as the internet provides an ideal platform for any creative entrepreneur to set up shop, it is important for these small & medium scaled organizations to realize the importance of building their brands and marketing online.<br /><br />Building brands online is different from the traditional ways, as there is no separate communication medium that talks to the customer about the brand. As in case of online the customer is simultaneously consuming the communication of the brand as well as consuming (read buying the product or experiencing the service or both) at the same time.<br /><br />This concept is not entirely new to marketers as even in the traditional companies especially service companies have aligned brand building with customer experience. Where the frontline would be trained to show case the brand with its inherent characteristics that it stands for. Though traditional business had the luxury of time, i.e. if the customer was not happy with the service or found it incoherent with the image they had in their mind, the switch over would be gradual and provide the company time to react and place corrective steps. In case of the online medium the switch over will be instantaneous and the marketer does not have this luxury of time. Hence experimentation becomes even more important.<br /><br />Also in the traditional medium the agents or medium of communicating the brand were limited and well understood by marketers like advertising, PR, corporate communications, etc. However in came online medium the opportunity that it presents is enormous and could have juggernaut effect. Further there are more ways that the customer himself or herself could promote or demolish your brand (Web2.0). And no other medium except (to a limited extent) direct mail could offer one to one communication with the end audience.<br /><br />However, experimentation only starts after we have identified the brand values, characteristics and how it would impact our customers.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-8640725222841069952007-12-27T02:16:00.000-08:002008-12-08T23:41:46.027-08:00Web Analytics powered 1to1 targeting<a href="http://1.bp.blogspot.com/_nur-04qzCKA/R3OXPF-L5XI/AAAAAAAAABY/lR4-HfpoZS8/s1600-h/BT.gif"><img id="BLOGGER_PHOTO_ID_5148625084571444594" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://1.bp.blogspot.com/_nur-04qzCKA/R3OXPF-L5XI/AAAAAAAAABY/lR4-HfpoZS8/s320/BT.gif" border="0" /></a><br /><div>The First Step Change (As I had mentioned in my previous blog about the <a href="http://web-scapes.blogspot.com/2007/12/waw-bangalore-dec-07-big-success.html">3 step changes in Web analytics</a>) in my view is how online marketing (Banner advertising, PPC, affiliates, email and other online marketing channels) and behaviour targeting are putting to effective use the power of Web Analytics.<br /><br />Typically there has been a big gap in spending when it comes to off-site marketing channels like<br /><br /><span style="color:#660000;">- Email marketing<br />- Affiliate programs<br />- Search Engine Optimization<br />- Offline marketing to web<br />- In-store Web promotion<br />- Banner advertising<br /></span><br />And On-Site resources like<br /><br /><span style="color:#660000;">- Optimization<br />- Web analytics<br />- Usability testing, etc.</span><br /><br />With the former hogging the major share and the later (on-site resources) taking a back seat most often.<br /><br />However more and more marketers are realizing that though the off-site marketing activity drives all the traffic to the website. It is the landing page/ homepage or the other critical product pages determine if the prospect converts to a customer or not and how much he / she would spend on the site products or services.<br /><br />Right after the prospect lands on any of the pages in the site and interacts on the same determines his/ her engagement with the site.<br /><br />You have probably experienced at some point that you were searching for a product that you are interested in, clicked on a seemingly relevant search result and landed on a page which has no flavour of the product that you were searching for. Could you recall your reaction…it most probably was, Uhh…<br /><br />This is what the marketers are striving to eradicate and make each visit to the site by the prospect as engaging as possible. This could be achieved by accurate one to one targeting.<br /><br />One to one targeting or behavioral targeting is achieved by the following process:<br /><br /><span style="color:#990000;"><span style="color:#660000;">a) The visitor arrives at the website.<br />b) The information goes to the “Visitor profile repository, to figure out if he is a new customer or an existing customer.<br />c) If he is a new customer, we will build the customer profile.<br />d) If he is returning customer then we retrieve his profile.<br />e) Ping the self learning predictive modeling engine determine the suitable or optimal content that we need to show<br />f) Pass this on to the CMS system, which will then serve the relevant page to the customer.</span><br /></span><br />Apart from the technical solution of how to serve the relevant pages to the visitor, there is a bigger task of determining the criteria (to be fed into the predictive modeling engine) of what pages/ information to serve to the relevant customer.<br /><br />If we could answer a few basic questions, we would be able to target our highly predictive anonymous visitor.<br /><br /><span style="color:#990000;"><span style="color:#660000;">- What is this visitor doing now?<br />- What have they done before?<br />- When is this visit occurring?<br />- How frequently & recently have they visited?<br />- Where is this visitor Located?<br />- What is their online experience?<br />- How did this visitor arrive here?<br />- And Have they already expressed what they want?</span><br /></span><br />We already collect all the data that we need to serve the relevant page to the customer<br /><br />With the Site behavior variables we know the customer’s </div><br /><br /><div><span style="color:#3333ff;"><span style="color:#660000;">- Previous visit pattern<br />- Previous Product interests<br />- Whether he is a New/return visitor, etc.<br />- Previous online purchases<br />- Previous Campaign exposure<br />- Previous campaign responses</span><br /></span><br />We collect temporal variables like the time of the day, day of the week, Recency & frequency<br /><br />We get Environmental variables like<br />IP address, country, city, browser type used, etc…<br /><br />We also get the referrer variables like<br /><br /><span style="color:#660000;">- search keywords<br />- affiliate site<br />- campaign ID<br />- Direct/ bookmark<br />- Referring domain, etc..<br /></span><br />With these details and an analysis of what is best suited to your site, the landing page relevance could be built and conversion rate, customer engagement with the site and loyalty could be enhanced.<br /><br />This blog is inspired and derived from the presentation published by the eminent “Brent Hiegglke” the link to his presentation is as below:<br /><br /><a href="http://www.onlinemarketworld.com/downloads/presentations/Microsoft%20PowerPoint%20-%2010.4.7%20-%20Improving%20Customer%20Acquisition%20through%20Analytics%20-%201.30.pdf">Brent Hiegglke presentation<br /></a><br /></div><br /><p align="left"><a href="http://1.bp.blogspot.com/_nur-04qzCKA/R3OdPF-L5ZI/AAAAAAAAABo/Bglzv0xNohE/s1600-h/emarketeer+BT.gif"><img id="BLOGGER_PHOTO_ID_5148631681641211282" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="" src="http://1.bp.blogspot.com/_nur-04qzCKA/R3OdPF-L5ZI/AAAAAAAAABo/Bglzv0xNohE/s200/emarketeer+BT.gif" border="0" /></a>Behavioral targeting is gaining prominence because of the need of the marketeers to maximise the bang for the buck and also to ensure customer satisfaction & their loyalty. In the US alone the market is estimated to be 3,800 million by 2011.</p><br /><p align="left">In one example Brent had demonstrated how a leading European bank had adopted one to one targeting which was supported by high end analytics to drive relevance to the visitor. This Bank earlier had a generic landing page that displayed all its products and services based on some analytics such as conversion rate, etc. However when 1to1 targeting was launched it had a dynamic landing page based on the search question that the visitor had chose to land on the site. If the visitor was searching for loans, the leading banner would be their loan products banner, and if the visitor was searching for credit cards the lead banner could be the one with the same and so forth. This way the bounce rate from the landing page was reduced and a tremendous increase in conversion as well.<br /><br />Also usually Behavior or 1to1 targeting is misunderstood as targeting to customers who come from another site reference or through marketing. It is also important to target customers based on their on site behaviour and their personal details. If your target audience is a working mother with young kids you would’nt want to show her a Ducati unless she has been viewing or searching for one. Similarly if a visitor spending a great deal of time and had numerous visits to the “High end plasma TV” should’nt we show our latest discount offer on the “Plasma TV’ or other high end entertainment devices in his next visit.</p><div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com1tag:blogger.com,1999:blog-29036367.post-87915898513943306322007-12-19T06:59:00.000-08:002008-12-08T23:41:46.495-08:00WAW Bangalore Dec 07 - A big success<a href="http://4.bp.blogspot.com/_nur-04qzCKA/R3IreF-L5SI/AAAAAAAAAAw/4Fmj2shCzyg/s1600-h/Waw+group.JPG"><img id="BLOGGER_PHOTO_ID_5148225120036971810" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://4.bp.blogspot.com/_nur-04qzCKA/R3IreF-L5SI/AAAAAAAAAAw/4Fmj2shCzyg/s200/Waw+group.JPG" border="0" /></a> After a hiatus of 1 year 4 months the WAW Bangalore was kicked off again on the 14th of Dec. Trinadh who is country manager WAA contacted me sometime in mid Nov and discussed about the initiatives that he is putting together as WAA representative in India.<br /><br />He wanted me to put together the WAA Bangalore during the second week of December. First task was to get a suitable location, The COO of <a href="http://www.indiaplaza.com/">IndiaPlaza</a> Mr. Vaitheeswaran, kindly agreed to accommodate in his conference room which could seat 15 people.<br /><br />We went with the assumption that a maximum of 20 people would attend the event. Then I set up the <a href="http://wawbangalore.pbwiki.com/">wiki page </a>and sent out emails to all those who attended the previous WAW and also posted the link on a couple of networking sites.<br /><br />All of us were surprised to receive an overwhelming response of 55 registrations. Then we realised that we need a bigger place and Ravi from Triology who is also a WAA member organised to book a place in Jaya nagar. And thanks to Eric Peterson (<a href="http://www.webanalyticsdemystified.com/">http://www.webanalyticsdemystified.com/</a>) and <a href="http://webexpe.com/">Webexpe</a> who were the sponsors to the event we were able to book a nice hotel to host the event.<br /><br /><a href="http://2.bp.blogspot.com/_nur-04qzCKA/R3Isml-L5TI/AAAAAAAAAA4/LwRkwVkmZss/s1600-h/waw+jai.JPG"><img id="BLOGGER_PHOTO_ID_5148226365577487666" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://2.bp.blogspot.com/_nur-04qzCKA/R3Isml-L5TI/AAAAAAAAAA4/LwRkwVkmZss/s200/waw+jai.JPG" border="0" /></a>The event started with introductions and a keynote by Trinadh. I presented a paper on "Step Change in Web Analytics" and Seby of Flatworld Solutions presented on "Segmentation".<br /><br />I shall cover the topic that I had presented in this blog over the next three blogs which are the 3 major step changes that web analytics is witnessing.<br /><br />And the session ended with a question and answer session and high tea. The response from all those who attended the event was very positive and the feedback that we received was that we need to have more of such events at regular intervals.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-4158211278280800192007-04-22T11:41:00.000-07:002007-04-24T12:52:58.454-07:00Interview on Web Analysis BlogIt was a great honour, when I got Anil Batra's email to be interviewed and featured in his popular <a href="http://webanalysis.blogspot.com/2007/04/web-analyst-interview-jaisri-chety.html">Blog on web analytics</a>. Anil is a renowned Web Analytics and Online Advertising Consultant working at ZAAZ. Prior to ZAAZ he has worked in various analytical roles in reputed concerns such as Revenue Science, Microsoft, Business Objects, etc., which culminated to his expertise in web analytics.<br /><br />Anil's Blog is the 10th most popular blog as published by Avinash Kaushik in <a href="http://www.kaushik.net/avinash/2007/04/top-ten-web-analytics-blogs-april2007.html">Top 10 Web Analytics Blogs</a> on 16th April. Avinash is one of the most respected professional in the field of Web Analytics.<br /><br /><br />Anil questioned me mostly on my understanding of Web Analytics, entry into this field and achievements & challenges. There were also other questions which were not related to Web Analytics; they were on my other passion, cricket. You could read this <a href="http://webanalysis.blogspot.com/search/label/interviews">interview on his blog</a>, the excerpt of the same is as below:<br /><br /><b>AB: How long have you been working in Web Analytics?</b><br /><br />JC: I have been working in the dotcom industry right from 2000. I started my career in CricInfo.com, where I had a fantastic initiation into the dotcom industry. I was handling corporate communications here, which included advertising and public relations. This is where I implemented advanced online advertising techniques and was initiated into a very crude form of web analytics. After the dotcom bust, I gained some experience in conventional advertising. However returned back to online advertising in 2004. I joined BharatMatrimony.com as campaign manager. BharatMatrimony was one of the leading advertisers in the online medium in India. Here I handled the complete advertising budget and was given the task of optimizing effectively for every buck spent on the Internet. Subsequently, I had a very brief stint in an online advertising firm called Regalix, before I moved to present job in Tesco.<br /><br /><b>AB: Tell me about your work, education prior to making a switch</b><br /><br />JC: Before entering into the online industry, I was in a completely different profession. I completed my education in commerce from a reputed college in Chennai – Stella Maris College and had also done a course in advertising, from the Madras Advertising Club.<br /><br />I started my career as a professional cricketeer with the Southern Railways. I had taken to the sport right from my school days, I had played at the state and zonal level at both junior and senior level. I had been a wicketkeeper – batswoman and played at the highest-level national championships representing Tamil Nadu and South Zone. I realized that my scope was limited at getting selected to play for India, as I was a wicket keeper and the Indian team already had an established wicketkeeper. And my only chance existed if this player performed poorly. Instead of waiting for someone to fail, I thought I should choose the other passion of mine, which was online advertising.<br /><br /><b>AB: What are you responsibilities in your current job? </b><br /><br />JC: I handle a team of analysts, in the Insight team. We are responsible for having a sense check on the performance of the business on daily and weekly basis by running various reports. This includes running, querying and retrieving data from the data warehouse, formatting the same, draw inference and present it to the various users of these reports. The scope includes reporting on category-based performance, performance of the various marketing channels like email, online advertising and CRM. It also includes site intelligence, which is web analytics software. Apart from the regular reporting we do various adhoc reporting and analysis on customer behavior changes, uplift of sales due to activities, targeting specific audience, etc.<br /><br /><br /><b>AB:How do you make sure you are learning and growing in this field? </b><br /><br />JC: I am regular on the yahoo web analytics forum and read up the various blogs of Eric Peterson, Avinash Kaushik and also try to organize a "Web analytics Wednesday" meetings here in Bangalore<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com3tag:blogger.com,1999:blog-29036367.post-1155307316550457932006-08-11T07:33:00.000-07:002006-08-11T07:41:56.563-07:00KPIs for an Online Retail Site<p>The Online Retail or an E-commerce site is the most advanced of all the types of website, as it is very critical for these sites that they get their sites absolutely right as both their top and bottom lines depends on the site’s performance. Though the KPIs could vary from one site to another, some of the basic and most commonly used KPIs of the ecommerce site are listed below:<br /><br /></p><ul><li>Order and Buyer Conversion rate: is the Holy Grail of retail metrics and the leading indicator of change for retail sites. It is the Buyer or order/ Visitors. </li></ul><p> </p><ul><li>Average Order Value: is the Total value of orders/ no. of order. A close watch on the average order value on a daily basis, over a period of time would show customer buying behavior and present opportunities to up sell and cross sell.<br /></li></ul><p> </p><ul><li>Average Revenue per visit: is the metric of Total revenue/ No. of visits. According to Jim Novo it is the "grand dame" of retail site KPIs. This metric distills all marketing, merchandising and site design efforts into one key question - Did we get revenue during this visit?<br /></li></ul><p> </p><ul><li>Average Cost per Conversion: helps in keeping a close eye on the per conversion marketing cost. It is calculated by Total cost/ conversion.<br /></li></ul><p> </p><ul><li>Average time to respond to email inquiries: creates an opportunity to delight and surprise your prospects and customers which usually positively impacts your overall customer satisfaction. It is calculated by Avg (Date+time of response - Date+time of inquiry).<br /></li></ul><p> </p><ul><li>Ratio of New to Returning visitors: is New visitors/ returning visitors. This metric gauges the mix of visitors on the site and compare that to marketing efforts<br /></li></ul><p> </p><ul><li>New and Returning Visitor Conversion Rate: Helps managers set expectations about visitor acquisition efforts. It is Conversion from new visitors/ No. of new visitors, etc.<br /></li></ul><p> </p><ul><li>Percent of Revenue from New and Returning Customers: Will give a complete picture of customer purchase behavior. The percentage is calculated by (Revenue from new/ no. of new customers x 100). The classic case where this metric could help is, when the site-wide AOV declines slightly, causing senior strategists to panic. The good mid-tier strategist will hopefully be able to report that while AOV is down slightly, sales to new customers are up overall, shortening the sales cycle and improving overall site profitability.<br /></li></ul><p> </p><ul><li>Home Page and Key Landing Page “Stickiness”: Often time’s changes to key landing pages or audience targeting will cause a dramatic and unexpected increase in the number of visitors “bouncing” off your site as quickly as they arrive, thus increasing visits without increasing revenue.<br /></li></ul><p> </p><ul><li>Search to Purchase Conversion Rate: The Search function in a retail site helps shoppers quickly find the “right” products to purchase. This metric shows the relevance of the search results to what the shopper is looking for. (Orders from search/ No. of searches ) This KPI is important to track because good search functionality has been shown repeatedly to help drive purchases and any significant decline in your site’s order conversion rate may be tied to problems with search relevance or results presentation.<br /></li></ul><p> </p><ul><li>Percent Low Recency Visitors: According to Jim Novo, recency is the most powerful predictor of whether or not a customer will repeat an action. The lower the recency of visitors, greater will be the likelihood they’ll make a purchase. Percentage of visitors who have been to the site recently (total number of visitors in a given time frame/ overall visitors to the site). Jim novo uses the RFM model to determine the lifetime value of the customer by scoring each individual customer in a file of customer transactions against all other customers based on the "most Recent Date of Activity (Recency) and the "Highest Total Activity (Frequency) on a scale from 55 (highest) to 11 (lowest). I will try to elaborate on this KPI in my future blogs.<br /></li></ul><p> </p><ul><li>Cart and Checkout Completion Rate: This compliments the order conversion rate, to know quickly whether any measured decline can be attributed to the carting or checkout processes on the site. No. of orders/ Number of visitors (page views of) to cart.<br /></li></ul><p> </p><ul><li>Order Conversion Rate per Campaign or Campaign Type: Helps you to identify which marketing activity yields the highest returns, and an opportunity to optimise the same. This KPI is calculated by No. of orders from campaign type/ No of PVs (clicks) from campaign type (can be used for channels, position, ad unit, creative, etc.)<br /></li></ul><p> </p><ul><li>Effect on offline sales: This could be the relation of the website that could be linked to offline sales that could be sourced through the following:-<br />o Unique toll-free numbers<br />o Store locator<br />o Order printout </li></ul><div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com10tag:blogger.com,1999:blog-29036367.post-1154434221251758352006-08-01T05:08:00.000-07:002006-08-01T05:10:21.260-07:00KPIs? Keeps us Ponderings & Investigating, eh..?In this industry the most common and frequently used buzzword is the KPI or the "Key Performance Indicator". Rightly so because it gives us the ability to measure accurately, predict and forecast customer behavior and hence has earned the new media the edge over the others in the recent times.<br /><br />KPIs are quantifiable metrics which reflect the performance of an organization (in our industry website) in achieving its goals and objectives. The concept emanates from the principle “What gets measured, gets managed”.<br /><br />Umh... Now that we know what a KPI in Web Analytics is, it brings us to which ones to choose. There are so many standard KPIs and Metrics, how do you decide which one is for you? <br />To answer this in short - "It Depends"<br /><br />Depends on;<br /><br />- Who is our audience?<br />- What are they trying to accomplish?<br />- How well are we helping them get the job done?<br /><br />While a KPI can be either a count or a ratio, it is frequently a ratio. While basic counts and ratios can be used by all Web site types, a KPI is infused with business strategy - hence the term, “Key” — and therefore the set of appropriate KPIs typically differs between<br /><br />- Site type KPI:<br /> E-commerce, content, lead generation & customer service<br />- Process type KPI: <br /> Reach, Acquisition, conversion and retention<br /><br />However most sites would have overlapping business models, and would also require customized KPIs. This is where an experience consultant would be able to help. In the coming blogs, I shall elaborate on the various most commonly used "Site Type KPIs".<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-1154009029822669052006-07-27T07:02:00.000-07:002006-07-27T07:03:49.830-07:001.2.3.4.5.6.7.8.9.....Is there anything more than Numbers?It is general perception that "Web Analytics" is all about numbers. But numbers on their own do not add any value unless they are fitted into a context. <br /><br />Eric Peterson in his book "Web Analytics Demystified said that “The numbers on their own are less interesting and less informative than changes in the numbers over time.” . However this is just one aspect of web analytics. The other and the most important one being to infuse critical business objectives/ goals into identifying, tracking, reporting and analysing the numbers.<br /><br />So ultimately this boils down to the following 2 most important criteria while analysing web analytics data, they are:<br /><br />1. To choose the correct, accurate and comprehensible numbers with context. The context could be time period, segments, sections, formats, etc.<br /><br />and <br /><br />2. The business goal/ objective that the task will achieve thereby adding value and ensuring ROI to the business.<br /><br />The companies that have realized that web analytics is all about measuring and forecasting customer relationship with the business have benefited a great deal. This brings us to the next level in web analytics eCRM, which is extending the knowledge of web analysis to all other points of contact with the customer apart from the digital medium. And the task of integrating these two disparate data and knowledge to deliver better and add more value to the customer and also to enhance the businesses bottom line, credibility and brand value.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-1151396137811183702006-06-27T01:13:00.000-07:002006-06-27T01:15:37.820-07:00Web Analytics - Elevator PitchMany a time, we are posed with the problem of explaining our core area of business or competency in a nutshell or within 3 minutes depending on the number of floors in the building. In my case this elevator pitch is invariably on web analytics. Though there are many aspects in web analytics, but the aspect most of them are interested in is how will web analytics benefit my Business or Organization.<br /><br />Any organization big or small has a website, sometimes the website becomes the core business or it supplements the business that they are in. E-commerce or retail sites exist only because of their websites or are content sites whose lifeline is their url. There are businesses which is increasing by the minute, who are looking at the internet to supplement or source the leads and hence marketing becomes their core focus and other business that are trying to reduce cost and increase efficiency by developing self service/ customer service models on their websites. <br /><br />When business are investing so much money in the websites, they ideally should also spend effort, time and money on analyzing how the website is contributing towards the business goal. Its common knowledge that "What gets measured, gets managed" in web analytics we need to add a suffix to this adage which is, "What gets measured accurately, get managed properly" and follow it up with "What gets managed well, will increasingly result in value and efficiency".<br /><br />Hence my elevator pitch on web analytics has been "monitoring and reporting of website usage to make business understand the complex relationship "What are user action on the website" and "the offering of the website" and use the continuous insights to accomplish the predetermined objectives/ goals of the business.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com1tag:blogger.com,1999:blog-29036367.post-1150369569972714842006-06-15T03:24:00.000-07:002006-06-17T06:09:37.523-07:00WAW Event turns into a WOW Event<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/2401/3084/1600/Jai%201.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://photos1.blogger.com/blogger/2401/3084/320/Jai%201.jpg" alt="" border="0" /></a><br /><span style=";font-family:arial;font-size:100%;" ><span style=";font-size:12;color:black;" ><span style=";font-family:verdana;font-size:100%;" >I was pleasantly surprised by the number of people who signed up, came to the event and participated actively in the presentations, group discussion and Q&A sessions. In fact the event paved way to next two event sponsorships, topics for the forthcoming events and patronage</span></span></span><span style=";font-family:arial;font-size:100%;" ><span style=";font-size:12;color:black;" ><span style=";font-family:verdana;font-size:100%;" > from the participants.<br /><br />By all means The "Web Analytics Wednesday" (WAW) Event held yesterday (June 14th) in Bangalore was a big success. The participants were web analytics or allied professionals from major corporates such as Fabmall, HP Invent, Intel, Mphasis, Webex, Tesco, Malayala Manorama, etc. The audience appreciated and welcomed the event, and it was decided that it would be regular quarterly event. Further the group will be active in the web analytics forum as well to keep abreast on the developments in the field of “Web analytics”.<br /></span></span></span><br /><span style=";font-family:arial;font-size:100%;" ><span style=";font-size:12;color:black;" ><span style=";font-family:verdana;font-size:100%;" >The topics that were presented were “Data Proliferation in Web analytics” by Seby Kallarakkal working in <a href="http://www.nabler.com">Nabler</a>. And the second presentation was by me (Jaisri Chety from <a href="http://www.regalix.com">Regalix Inc</a>) on “Web Metrics and Business KPIs”. This was followed by a question & answer session and group discussion.<br /><br />Web Analytics Wednesday is a global effort to put "faces with names" and to get local members of the web analytics community networking, updated and share & enhance their collective knowledge on Web Analytics. This is the Indian chapter of the “International Web Analytics Forum” started and moderated by “Eric Peterson” under the patronage of “Web Analytics Association”<br /></span></span></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/2401/3084/1600/Jai%202.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="http://photos1.blogger.com/blogger/2401/3084/320/Jai%202.jpg" alt="" border="0" /></a><br /><span style=";font-family:arial;font-size:100%;" ><span style=";font-size:12;color:black;" ><span style=";font-family:verdana;font-size:100%;" >I started the event and the forum to spearhead web analytics discussions and knowledge sharing in India. The newly formed group will focus on: -<br /><br />- Increasing awareness and usage of web analytics and web analysts in India.<br /><br />- Convene, meet and share knowledge every quarter (or more frequently if possible)<br /><br /><br /><br />“<a href="http://www.webtrends.com">WebTrends</a>” the acknowledged global web analytics market leader sponsored the Event. For more than twelve years, WebTrends is now leading the category into Marketing Performance Management. It enables thousands of web-smart organizations to easily improve campaign performance and web site conversion as well as build stronger relationships with their customers.<br /><br />You can download the presentation on WebMetrics & Business KPIs from here. <a href="http://www.geocities.com/jaisrichetty//KPIs.html">Download</a></span></span><b><span style=";font-size:12;color:black;" ><br /></span></b><span style="font-size:12;"> </span></span><div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com2tag:blogger.com,1999:blog-29036367.post-1150284931773228432006-06-14T03:45:00.000-07:002006-06-14T04:35:31.853-07:00Finally the D-Day is hereHi,<br /><br />Its been a great experience till here - to the D-Day of the "Web Analytics Wednesday" Event in Bangalore. There were the usual package of pleasant and not-so-pleasant surprises. One surprise that I need to inform you all about is there will be a small delay in the start time. Instead of 6:00 pm the event will commence at 6:45 pm. I am sorry for the inconvenience.<br /><br />It is exciting as well as a little intimidating, that usually happens with a stage event. However, we are all set to go live in a couple of hours from now.<br /><br />For all those who will be there - looking forward to meeting you all.<br /><br />And those who will not be able to make - don't worry, I shall update all the presentations/ topics in this blog.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com1tag:blogger.com,1999:blog-29036367.post-1150116933409720992006-06-12T05:48:00.000-07:002006-06-12T05:55:33.416-07:00Venue fixed at lastAfter almost a month of planning and working on the event, we finally have a venue. I am looking forward to meeting you all at:<br /><br />Location: Royal Orchid Central Bangalore, 47/1, Dickenson Road, Bangalore-560042 (in Manipal Center - Off MG Road)<br /><br />Date: 14th June<br /><br />Time: 6:00 PM<br /><br />Agenda:<br /><ul> <li>Welcome/ Introduction</li> <li>Topic Presentations</li> <li>Cocktail & Dinner</li> </ul> For those of you who will not be able to attend the event, I shall be updating the discussion/ topics presented here (in my blog). You can bookmark this page and comeback here for the updates.<br /><br />Cheers,<br /><br />jaisri<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com0tag:blogger.com,1999:blog-29036367.post-1149260157037858762006-06-02T04:22:00.000-07:002006-06-02T07:59:57.453-07:00Topic selection for WAW - 14 JuneConducting an event, small or big has its own challenges. For this particular event "Topic Selection" has been the most difficult task so far. After a lot of elbow grease, I have arrived at these 4 topics for the event:<br /><br /><ol> <li>Data proliferation: multiple sources, reports, and integration - Integrating with marketing and consumer data</li> <li>Segmenting for better understanding of customers, your website, usability, buying behavior, and everything else.</li> <li>Understanding business goals well enough to know what to measure; and connecting Web metrics to business key performance indicators </li> <li>Finding, hiring, and training qualified people on the correct use of Web analytics data (including training internal resources and team members on how to use the data to make decisions)</li> </ol> Thanks to Jim sterne, who had already articulated my thought process in one of his article's in "Clickz", that gave words to the topics that I had in mind.<br /><br /> http://www.clickz.com/experts/crm/analyze_data/article.php/3510361<br /><br />My personal favorite is "Segmenting" (2) and "Data Proliferation" (1), one which is the topic that I will be working on and presenting in the Meet.<br /><br />If any of you are interested in presenting any of the above mentioned topic or have any other interesting topic in mind, please get back to me at the earliest to help us prepare the agenda.<br /><br />Looking forward to making this event a success and a forerunner to many more that would follow.<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com4tag:blogger.com,1999:blog-29036367.post-1149069452007453352006-05-31T02:45:00.000-07:002006-05-31T04:33:51.273-07:00Web Analytics meet on 14 June, BanagloreHello,<br /><br />This blog is started with the sole purpose of reporting the new developments and happenings in the field of Web analytics in India. Web Analytics in the recent times has become quite a buzzword. We shall in the coming few weeks try to look at this hype and hoopla.<br /><br />To begin with we are starting with a long awaited "Web Analytics Wednesday" event in Bangalore on the 14 the of June. As on today there are 6 people who have registered for the event. I shall be discussing the topics and the discussions taking place in this event in a more elaborate fashion. Till then it is going to be just campaigning for the registrations for the event.<br /><br />Please go ahead register for this exciting event today in <a href="http://www.webanalyticsdemystified.com/wednesday/">http://www.webanalyticsdemystified.com/Wednesday/</a> and refer it to all those who you think are relevant audience.<br /><br />Look forward to whole new chapter in the field of Web Analytics take shape in "Web-Scapes".<br /><br />Cheers,<br /><br />jaisri<div class="blogger-post-footer"><script type="text/javascript"><!--
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<!-- Search Google --></div>Jaisri Chetyhttp://www.blogger.com/profile/01168245105413106420noreply@blogger.com2