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Gain a Deeper Understanding of Customers’ Journey to Purchase

In trying to comprehend purchasing behavior, marketers have long endured lack of actionable insights and less-than-trustworthy analytics. These barriers will likely be shattered by the next generation of marketing analytics. Tech advances are smoothing the way for marketers to better use automation to reap clarity and forecast actions. Please read further to learn about these new arrows in marketers’ quivers.

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708-246-4211

EMERGING TRENDS WILL REVOLUTIONIZE MARKETING ANALYTICS

Technology stands poised to render marketing analytics more valuable than ever before. These advances will help marketers leverage current trends to help forecast tomorrow’s customer preferences. They will assist in data collection and analysis and help inform business decision making. Breakthroughs in automation, use of first-party data, customer engagement and retention, accuracy of real-time data, reliability of data networks and value-based lead-scoring models will all combine to save time and effort, while helping marketing teams reach more effective business decisions.

We analyze and report on a bold new wave of advanced marketing analytics being unleashed to enable more quickly accessed and accurate marketing insights.

Data contains patterns humans may not spot, but AI can. Unraveling these patterns can unlock valuable, sales-boosting glimpses into buyer behaviors.

Read Marketing Analytics: A Practical Guide To Improving Consumer Insights Using Data Techniques, by Mike Grigsby.

Any marketer would greatly profit from knowing what products customers will seek next. The use of predictive analytics can prove invaluable in foretelling purchase likelihood and tweaking marketing efforts.

Email or call us at 708-246-4211 to learn more about next-generation marketing analytics and how they can be put to work to elevate your campaigns’ performance.

GOOGLE ANALYTICS 4: AN EXAMPLE OF ANALYTICS ADVANCES

In an effort to be more respectful of users’ privacy, Google has moved from Universal Analytics to Google Analytics 4, also referred to as GA4. The new model promises to phase out cookies while less intrusively gathering the same amount of insight. How? Through the use of predictive AI and data modeling. Many observers view GA4 as an enhancement over its predecessor. The new model tracks “events” such as page views, scrolling and clicks, requires users to set up event parameters and closely monitors the journey from initial page view to, for instance, signing up for a free trial.

GA4 represents just one advancement, though a very significant one. Let’s now turn to additional ways marketing analytics will soon grow more accurate and useful.

• Real-time analytics. Advances in marketing analytics will free marketers to use data to monitor consumer activity and gauge website traffic in real time, permitting them to quickly and easily alter their marketing plans and strategies to achieve the best results.
 
• Multi-touch attribution. Wouldn’t you like to know which channels swayed your customer to purchase? Multi-touch attribution helps identify the various touchpoints with which your customer interfaced on his or her trek to a purchase decision.
 
• Mobile marketing analytics. This technology will increasingly be used to monitor customers’ behavior, interaction and conversion while using mobile devices. They may also be employed to determine which mobile ads are sparking the most conversions.