While a new, important metric seems to be popular every week, specifics that should be tract will vary by industry, individual brand, and even campaigns. As you build your approach to social media analytics, it’s important to understand the basic metrics that every brand should keep an eye on.
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Advantages of Data Driven Decision Making
While we all do a gut check every now and then, it is usually in conjunction with other information we are using to make a decision. A study by the McKinsey Global Institute reports that organizations which utilize data driven decision making are 19 times as likely to see profitable results, 23 times more likely to acquire new customers, and 6 times as likely to retain their customers.
Quick Glance: Multi-Channel Analytics
MarketsandMarkets forecast that the multichannel analytics market will grow from $3.61 billion in 2014 to $9.89 billion by 2019. So, what exactly is it?
Turn a Social Mess into Social Success – with Analytics
Metrics that Matter
Isolated data points and vague, vanity metrics don’t really tell you how your marketing campaigns are performing. Clear objectives and measurable goals are essential to understanding the performance of your marketing efforts. Because businesses need to use data insights that can influence strategy, utilizing key metrics to measure performance has become an essential part of marketing.