dataanalyticschat

Pitfalls of Marketing Analysis
A discussion on common misconceptions of modern marketing analysis.
   8 years ago
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Anil Batra
Thank you all. You can read my blog at http://anilbatra.com...
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Christopher Penn #THINK2018 Speaker
Thanks for having me @EasyAnalytics1! Please check out my book: http://www.leadingin...
Leading Innovation: Building a Scalable, Innovative Organization
Innovation. One of the most used words in business – yet one of the least understood. Without it, companies stagnate and die. Everyone talks about being innovative. Every company has innovation buried somewhere in its corporate values, mission statem...
Christopher Penn #THINK2018 Speaker
A10: Marketers skip & skimp at various points, leading to terrible analysis, absurd bias.
IBM Watson Analytics
Why do you think that is, @cspenn?
Christopher Penn #THINK2018 Speaker
Laziness. Lack of knowledge. No resources.
IBM Watson Analytics
@cspenn, that's a sad statement about us marketers. :-(
Christopher Penn #THINK2018 Speaker
That's the reason the MarTech vendor spectrum now > 3,500 vendors.
Christopher Penn #THINK2018 Speaker
A4: Data I wish for most? Competitors' first party data ;-) But obtained legally & ethically.
Ginny C Ghezzo
What is 1st party data? (I am not in marketing but a #python dev)
Anil Batra
1st party data is the data that you (brand/publisher/retailer) have collected about your visitors, customers, shoppers etc. You own the data outright and all the rights to it. I wrote about this as well, http://anilbatra.com...
Christopher Penn #THINK2018 Speaker
A3: Many sources hit 1/3 or 2/3, but few hit 3/3. Our job as analysts to bridge gaps, fix data.
Anil Batra
A2: Pretty much everything, it depends on the project and where date is (Excel, SQL, flat files, Hadoop etc.). There is so much data within the corp. and then layer in 3rd party data that comes in various formats
Christopher Penn #THINK2018 Speaker
A2: Spreadsheets. SQL & Cloud databases. 3rd party. 1st party. Vendor output. Government data.
Anil Batra
A1: Marketing Analytics = Measuring and analyzing marketing performance to maximize marketing effectiveness and improve ROI.
Christopher Penn #THINK2018 Speaker
A1: Analytics answers "What happened?"; Insight: "Why?"; Strategy: "What do we do about it?"
Christopher Penn #THINK2018 Speaker
A1: Marketing analytics is gathering & interpreting marketing data to create insights that inform strategy.