According to the US Web Analytics Forecast, 73% of businesses are currently using or piloting Web Analytics technologies. Not all businesses are effectively utilizing the information and employing actionable feedback. The data has and will continue to be the commodity. Web analytics is just the tool that has the potential to improve marketing effectiveness, elevate customer satisfaction and identify new revenue opportunities. The fact is that businesses either fail to recognize the ROI or do not apply the data.
DaBrian Marketing Group has identified 4 elements that organizations must have to successfully leverage web analytics: money (investment), human resources, communication, and action. For the most part, businesses can implement Google Analytics so the cost of the investment has been minimized. The biggest issue is human resources that require analyzing the data and translating the information into business action. It requires a will, desire, and talent to understand the business, web analytics, and the variable that can impact measurement or analysis. Communication is critical because the business must effectively communicate to understand the value of web analytics as well as recognize the impact that the information has on marketing effectiveness, customer satisfaction, and revenue growth in order to fund the department or web analytics technology. This will also help to get people to act on the information and deliver it in order to see results.
As technology improves there will be increase in complex marketing challenges. Many marketers struggle to uncover the insight within their web analytics and to keep up with new measurement issues. The existing expertise will continue to be needed by web analytics agencies and the importance of integration will more to the forefront.
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