Analytics 2.0

Much more than just tagging

Call it as you want just help me make decisions

It’s somehow funny but for some reasons we (people) use to generate multiple systems from something that has just one objective by generating some fake objectives. In this case it’s regarding the activities related with generating and providing information for decision making. This kind of activities are provided today by different disciplines (that in some companies do share departments and in some others don’t) like Market Research, Web Analytics, Business Intelligence, CRM (part of it), Data Mining, and so on. So is getting harder to understand what’s the limit of each discipline. So the people from those disciplines fight for hours arguing which information must be generated by the Market Research department, by the Web Analytics department, by the CRM deparment, by the BI deparment, and so forth.

So what came into my mind is why should I (as a CEO or business owner) have several departments that share the same damn objective? Nobody cares how big your ego is and Continue reading

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Analyze scenarios, not metrics

If you want to really understand what it is happening in your project I recommend you to analyze de scenario and not the metrics per se. An interesting way to understand it is like when you are about to buy a new alarm for your home. The expert ask you all about your house, your family, if you have a dog or other pets, etc. After that tells you how many sensors (Measuring tool implementation) will your house (online project) need. After that each sensor will be measuring all the house movements and if a deviation appears you will be informed (alert).

The above mentioned example shows how important is the “system” to make the metric make sense.

Having 80% of bounce rate doesn’t mean a thing unless you understand how does your website work. If you do have a blog with the entire note at the home and most of your visitors visits every note you post, then you should expect a high bounce rate, actually a high bounce rate could be a good metric for you.

So think on metrics as something that can’t be analyzed in an isolated way because lonely metrics are sterile

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Reporting Levels – Less is best

Companies are systems composed by different areas and levels. Those areas and levels perform a very important role in the organization that will (or not) allows it to achieve (or not) its objectives. Said that it is important to understand how vital is the information system flow.

Even when some people may think that this post is mainly focused on big corporations, it is not. Information flows will determine how effective is the decision making process into any company no matter how bit it is. If you have a 10 persons company and the 10 are making decisions with a 30 pages report, then are all of them losing very valuable time in understanding a love of information that was not generated with that person (or area) in mind, then will not fit their needs.

So, first step, please, pleaSE, PLEASE, it is extremely important that you understand your company structure, which means, levels and areas that compose your organization as well as the interactions among those parts. What is the role of each area?, how it help the entire structure to reach the system’s goal. Every single area and every single person in a particular area is important for the company (otherwise why are you paying that extra salary?) so the better they work the better the company results will be.

The following Analytics 2.0 Chart called Backbone Chart explains in a very graphical way how it works.

The Backbone chart shows Continue reading

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On my way to Google

Sunday night, onboard at the 996 American airlines fly to Dallas and after that to San Francisco. If I’m enough lucky Hebert (a great guy from Codice) will be waiting for me. After that we will be heading Google Headquarters to catch up all the new stuff and to be in touch with fantastic people from all over the world. It’s the kind of places where you know you will learn a lot and charge the batteries of passion. I’m not talking about learn theory, or how to do things, it’s much, much more than that. It’s a place where you do learn about life, about passion in a place where nobody talks about the competition but about co-opetition.
I know I’ll be in touch to different cultures and mental models and the idea is drawing me an smile upon my face.
I’m also glad since I’ll be interviewed by Pavel from Czeck Republik, my first interview for such amazing country.

And last but not least, tons of web analytics!

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