Editor-in-Chief at The Globe and Mail
Numerical business measures
Metrics used to measure business targets and outcomes
Website-related data can be a great indicator of customer interest and engagement. Things like unique website visits, or conversions and goal completions for newsletter signups or demo requests.
Data that will help you track the success of your email campaigns includes email open rates, bounce rates and unsubscribes.
You can track the success or failure of your marketing campaigns by measuring page impressions, clickthrough rates, social shares and reach.
Cost per click, return on ad spend, click through rate and cost per conversion of data-centric measurements – these all tell you how effective your marketing spend is.
The next step is to organize your data structure and naming conventions. You want to make your dashboard as useful as possible when it comes to reporting on data.
For example, the best way to develop your UTM structure is to look at your marketing funnel. By assessing which assets are top of funnel (awareness), middle of funnel (evaluation) or bottom of funnel (purchase), you can set effective UTM tags. These parameters will enable you to track and visualize your marketing or promotional efforts more effectively on the dashboard.
On a more granular level, creating asset names can be a repetitive and time-pressured task. Errors can creep into naming conventions. Adverity has a Smart Naming Convention feature that will help. The module applies AI tech to understand a naming convention, highlight any discrepancies and suggest logical rules to categorize name parts.
So, by thinking carefully about data structure and naming conventions you can make your dashboard metrics and KPIs accurate and useful.
CAC represents the true cost of gaining a new service subscriber. It includes money spent on sales, marketing, advertising and commission.
CLTV is a sales-related metric that tracks the average amount of money your customers pay during their relationship with your company.
Well worth knowing. This KPI will indicate if your marketing campaigns and ad accounts are on, under or over budget. Very important.
CPC is ad spend divided by the number of conversions it generates. Data visualization can quickly show you which campaigns are financially on track.
MRR aggregates all revenue the business receives from paying customers each period, regardless of pricing plans and billing cycles.
This designates the percentage of customers the business has retained over a given period. You’ll want to watch this one closely.
If you can understand your customers, you can improve the customer experience. But you need to look closely at customer behavior. Metrics and KPIs can be of practical assistance here, particularly in tracking engagement.
CAC represents the true cost of gaining a new service subscriber. It includes money spent on sales, marketing, advertising and commission.
CLTV is a sales-related metric that tracks the average amount of money your customers pay during their relationship with your company.
Well worth knowing. This KPI will indicate if your marketing campaigns and ad accounts are on, under or over budget. Very important.
CPC is ad spend divided by the number of conversions it generates. Data visualization can quickly show you which campaigns are financially on track.
MRR aggregates all revenue the business receives from paying customers each period, regardless of pricing plans and billing cycles.
This designates the percentage of customers the business has retained over a given period. You’ll want to watch this one closely.
Some tools specialize in data integration and transformation, and can feed data into BI, data warehouse, reporting or visualization applications. Many marketing-centric products are adequate but not enterprise-ready. Others are cheap, but simple
Then there are data visualization solutions which work together with ETL applications. Many are general business tools, not focused on marketing. Others are very technical. Some have BI included, but don’t connect well with external platforms.
Thirdly, there are a few end-to-end marketing analytics platforms that offer data integration and transformation, dashboard visualization and analytics. One suite on the market focuses on advertisers. Another requires volume usage, which gets expensive.
Adverity competes in this third category, as a comprehensive data integration, visualization and analytics platform.
Through automating data integration from hundreds of sources, our vendor-agnostic, end-to-end platform delivers a single view of marketing performance across your business. And with the help of the sorts of powerful data visualizations illustrated in this playbook, Adverity creates tangible business impact from your marketing activities.
A leader in the automatic classified business, cars.com chose to implement Adverity to completely eliminate manual data processing, centralize disparate data sources and scale business performance through enhanced intelligence.
The business reduced its data wrangling times from 160 to 5 hours each week. They also achieved true return on ad spend in their campaigns for the first time ever.
Manager of Data Enablement, cars.com
By using Adverity’s end-to-end platform, Vodafone transformed its campaign data reporting and reduced wasted time by 75%.
The company automated data integration across multiple CRM systems and data stores, and implemented secure and tailored data access for different levels of stakeholders.
Digital Marketing & Performance Data Analyst at Vodafone Italy
Augmented analytics is one big reason to choose Adverity. Our AI technology improves marketing performance by uncovering real-time opportunities to fuel growth through powerful augmented analytics.
Our technology enables marketing professionals to get sophisticated AI-powered insights – proactively discovering trends, detecting anomalies, and predicting problems and growth areas. It works seamlessly with our data integration and transformation and data visualization dashboard elements.
SaaS companies collect a ton of marketing data each day. How should marketers decide what’s important and what’s not? In this eBook, you will learn:
SaaS marketers! We can show you how to build a successful dashboard that showcases your sales, CRM, marketing and client success data.
Adverity is able to prove their excellence in leveraging the big data needs for a highly agile company. Their ability to provide cleaned and harmonised data – in a very transparent way – caused a huge spark in our productivity
