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3 of the best analytics
techniques for
data-savvy marketers
Discover how you can leverage data
analytics to understand your customers
better and drive more favourable outcomes.
apteco.com
Imagine you’re
Sherlock Holmes
apteco.com
2
3 of the best analytics techniques for data-savvy marketers
As the resident problem-solver,
you’ve been tasked with making
sense of the crime scene.
apteco.com
3
3 of the best analytics techniques for data-savvy marketers
That crime scene is the vast landscape
of customer data, and working out what
it all means is not always easy,
apteco.com
4
3 of the best analytics techniques for data-savvy marketers
You may already have some clues.
For example, your customer churn rate
is strangely higher than you expected.
apteco.com
5
3 of the best analytics techniques for data-savvy marketers
So you ask yourself:
How do you recognise customers
who are most likely to lapse?
apteco.com
6
3 of the best analytics techniques for data-savvy marketers
The answer is hidden
in plain sight.
You just need to know how and where to look.
apteco.com
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3 of the best analytics techniques for data-savvy marketers
You need data
analytics tools to
expose any hidden
truths and unravel the
marketing mystery
apteco.com
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3 of the best analytics techniques for data-savvy marketers
Gain an in-depth
understanding of
your customers
apteco.com
9
3 of the best analytics techniques for data-savvy marketers
Gain an in-depth
understanding of
your customers
Make more
effective decisions
apteco.com
10
3 of the best analytics techniques for data-savvy marketers
Gain an in-depth
understanding of
your customers
Make more
effective decisions
Drive more
favourable outcomes
(higher conversion
rates, engagement,
etc.)
apteco.com
11
3 of the best analytics techniques for data-savvy marketers
Here are three techniques
you should know about
– and how to get started.
apteco.com
12
3 of the best analytics techniques for data-savvy marketers
Behavioural
modelling
apteco.com
13
3 of the best analytics techniques for data-savvy marketers
apteco.com
13
3 of the best analytics techniques for data-savvy marketers
Objective
Better understand the
factors involved in customer
decision-making, so you
can better predict what
they’re most likely to do in
the future.
apteco.com
14
3 of the best analytics techniques for data-savvy marketers
Questions you may ask:
What is my customer’s typical journey?
Are my predictions upheld when tested against known behaviours?
How do I reach my customers and prospects?
• How many interactions do they have before they purchase?
• Does it matter how long it has been since their previous
purchase?
• Are there combinations of products customers are more
likely to purchase?
apteco.com
15
3 of the best analytics techniques for data-savvy marketers
How to get started:
• Identify behavioural features within your past data. This can be split into
three categories:
1. Summary measures (simple metrics such as average spend and basket
abandonment rate)
2. Dynamic trends (such as a reduction in web visits or an increased
average linger time)
3. Sequence of events (a combination of factors that lead up to a
behavioural outcome)
• Lookout for these patterns in your customers’ current behaviour
• Predict their next steps by assigning a score to people based on what they
are doing now
apteco.com
16
3 of the best analytics techniques for data-savvy marketers
Look for a tool that offers:
apteco.com
17
3 of the best analytics techniques for data-savvy marketers
The ability to run the
model on multiple
historical dates
for evaluation and
application
Look for a tool that offers:
apteco.com
18
3 of the best analytics techniques for data-savvy marketers
The ability to run the
model on multiple
historical dates
for evaluation and
application
Options for fixed
point-in-time
modelling or event-
driven modelling
Look for a tool that offers:
apteco.com
19
3 of the best analytics techniques for data-savvy marketers
The ability to run the
model on multiple
historical dates
for evaluation and
application
Options for fixed
point-in-time
modelling or event-
driven modelling
Integration with
programming
languages such as
Python and R for
advanced analysis
techniques
Look for a tool that offers:
apteco.com
20
3 of the best analytics techniques for data-savvy marketers
Segmentation
apteco.com
21
3 of the best analytics techniques for data-savvy marketers
apteco.com
21
3 of the best analytics techniques for data-savvy marketers
Objective
Make your customer base
easier to manage by placing
customers into meaningful
groups that share common
characteristics.
22 apteco.com
3 of the best analytics techniques for data-savvy marketers
Questions you may ask:
How do my customers move within marketing segments over time?
How good is my business at retaining customers?
How can I increase engagement and my campaign response rates?
When are customers most likely to lapse?
apteco.com
23
3 of the best analytics techniques for data-savvy marketers
How to get started:
• Build segments that are meaningful to your organisation
using demographic, location, psychographic or behavioural
variables
• Choose to examine your customers based on a fixed point in
time or a reference point that is specific to the individual
• Run and review your segmentation reports
apteco.com
24
3 of the best analytics techniques for data-savvy marketers
Look for a tool that offers:
apteco.com
25
3 of the best analytics techniques for data-savvy marketers
The ability to
examine customer
segments at a point
in time and how they
evolve over time
Look for a tool that offers:
apteco.com
26
3 of the best analytics techniques for data-savvy marketers
The ability to
examine customer
segments at a point
in time and how they
evolve over time
Built-in segmentation
reports such as
migration, journeys,
and retention reports
Look for a tool that offers:
apteco.com
27
3 of the best analytics techniques for data-savvy marketers
The ability to
examine customer
segments at a point
in time and how they
evolve over time
Built-in segmentation
reports such as
migration, journeys,
and retention reports
Seamless data
export options for
swift execution in
digital and offline
marketing channels
Look for a tool that offers:
apteco.com
28
3 of the best analytics techniques for data-savvy marketers
Best Next
Offer
apteco.com
29
3 of the best analytics techniques for data-savvy marketers
apteco.com
29
3 of the best analytics techniques for data-savvy marketers
Objective
Boost conversions and
engagement by customising
your messaging and offer
to include relevant product
recommendations.
You may also like
Heeled boots
£75.00
Blue Skirt
£30.00
Knitted Jumper
Small | Yellow
Added to wishlist
30 apteco.com
3 of the best analytics techniques for data-savvy marketers
Questions you may ask:
What products can I cross and
upsell to my existing customers?
How can I identify customers’
wishes before they arise?
apteco.com
31
3 of the best analytics techniques for data-savvy marketers
How to get started:
• Access your customer transaction history
• Apply popularity and propensity weightings to determine which
product combinations are most popular, and what tendencies
individual customers demonstrate
• Your data analytics solution will crunch through the data for you,
showing you associations between your products, services and
what is commonly bought together
• Save ‘Best Next Offer’ as a variable for creating audience selections
• Take into account additional aspects such as seasonal effects,
current inventory levels, and profit margin
apteco.com
32
3 of the best analytics techniques for data-savvy marketers
Look for a tool that offers:
apteco.com
33
3 of the best analytics techniques for data-savvy marketers
Built-in AI, wizards and
machine learning
Look for a tool that offers:
apteco.com
34
3 of the best analytics techniques for data-savvy marketers
Built-in AI, wizards and
machine learning
Advanced predictive
modelling techniques
Look for a tool that offers:
apteco.com
35
3 of the best analytics techniques for data-savvy marketers
Want to learn more?
Download our free eGuide to get seven bonus
techniques you should have in your toolkit.
Download eGuide

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3 must-know analytics techniques for data-savvy marketers

  • 1. 3 of the best analytics techniques for data-savvy marketers Discover how you can leverage data analytics to understand your customers better and drive more favourable outcomes. apteco.com
  • 2. Imagine you’re Sherlock Holmes apteco.com 2 3 of the best analytics techniques for data-savvy marketers
  • 3. As the resident problem-solver, you’ve been tasked with making sense of the crime scene. apteco.com 3 3 of the best analytics techniques for data-savvy marketers
  • 4. That crime scene is the vast landscape of customer data, and working out what it all means is not always easy, apteco.com 4 3 of the best analytics techniques for data-savvy marketers
  • 5. You may already have some clues. For example, your customer churn rate is strangely higher than you expected. apteco.com 5 3 of the best analytics techniques for data-savvy marketers
  • 6. So you ask yourself: How do you recognise customers who are most likely to lapse? apteco.com 6 3 of the best analytics techniques for data-savvy marketers
  • 7. The answer is hidden in plain sight. You just need to know how and where to look. apteco.com 7 3 of the best analytics techniques for data-savvy marketers
  • 8. You need data analytics tools to expose any hidden truths and unravel the marketing mystery apteco.com 8 3 of the best analytics techniques for data-savvy marketers
  • 9. Gain an in-depth understanding of your customers apteco.com 9 3 of the best analytics techniques for data-savvy marketers
  • 10. Gain an in-depth understanding of your customers Make more effective decisions apteco.com 10 3 of the best analytics techniques for data-savvy marketers
  • 11. Gain an in-depth understanding of your customers Make more effective decisions Drive more favourable outcomes (higher conversion rates, engagement, etc.) apteco.com 11 3 of the best analytics techniques for data-savvy marketers
  • 12. Here are three techniques you should know about – and how to get started. apteco.com 12 3 of the best analytics techniques for data-savvy marketers
  • 13. Behavioural modelling apteco.com 13 3 of the best analytics techniques for data-savvy marketers apteco.com 13 3 of the best analytics techniques for data-savvy marketers
  • 14. Objective Better understand the factors involved in customer decision-making, so you can better predict what they’re most likely to do in the future. apteco.com 14 3 of the best analytics techniques for data-savvy marketers
  • 15. Questions you may ask: What is my customer’s typical journey? Are my predictions upheld when tested against known behaviours? How do I reach my customers and prospects? • How many interactions do they have before they purchase? • Does it matter how long it has been since their previous purchase? • Are there combinations of products customers are more likely to purchase? apteco.com 15 3 of the best analytics techniques for data-savvy marketers
  • 16. How to get started: • Identify behavioural features within your past data. This can be split into three categories: 1. Summary measures (simple metrics such as average spend and basket abandonment rate) 2. Dynamic trends (such as a reduction in web visits or an increased average linger time) 3. Sequence of events (a combination of factors that lead up to a behavioural outcome) • Lookout for these patterns in your customers’ current behaviour • Predict their next steps by assigning a score to people based on what they are doing now apteco.com 16 3 of the best analytics techniques for data-savvy marketers
  • 17. Look for a tool that offers: apteco.com 17 3 of the best analytics techniques for data-savvy marketers
  • 18. The ability to run the model on multiple historical dates for evaluation and application Look for a tool that offers: apteco.com 18 3 of the best analytics techniques for data-savvy marketers
  • 19. The ability to run the model on multiple historical dates for evaluation and application Options for fixed point-in-time modelling or event- driven modelling Look for a tool that offers: apteco.com 19 3 of the best analytics techniques for data-savvy marketers
  • 20. The ability to run the model on multiple historical dates for evaluation and application Options for fixed point-in-time modelling or event- driven modelling Integration with programming languages such as Python and R for advanced analysis techniques Look for a tool that offers: apteco.com 20 3 of the best analytics techniques for data-savvy marketers
  • 21. Segmentation apteco.com 21 3 of the best analytics techniques for data-savvy marketers apteco.com 21 3 of the best analytics techniques for data-savvy marketers
  • 22. Objective Make your customer base easier to manage by placing customers into meaningful groups that share common characteristics. 22 apteco.com 3 of the best analytics techniques for data-savvy marketers
  • 23. Questions you may ask: How do my customers move within marketing segments over time? How good is my business at retaining customers? How can I increase engagement and my campaign response rates? When are customers most likely to lapse? apteco.com 23 3 of the best analytics techniques for data-savvy marketers
  • 24. How to get started: • Build segments that are meaningful to your organisation using demographic, location, psychographic or behavioural variables • Choose to examine your customers based on a fixed point in time or a reference point that is specific to the individual • Run and review your segmentation reports apteco.com 24 3 of the best analytics techniques for data-savvy marketers
  • 25. Look for a tool that offers: apteco.com 25 3 of the best analytics techniques for data-savvy marketers
  • 26. The ability to examine customer segments at a point in time and how they evolve over time Look for a tool that offers: apteco.com 26 3 of the best analytics techniques for data-savvy marketers
  • 27. The ability to examine customer segments at a point in time and how they evolve over time Built-in segmentation reports such as migration, journeys, and retention reports Look for a tool that offers: apteco.com 27 3 of the best analytics techniques for data-savvy marketers
  • 28. The ability to examine customer segments at a point in time and how they evolve over time Built-in segmentation reports such as migration, journeys, and retention reports Seamless data export options for swift execution in digital and offline marketing channels Look for a tool that offers: apteco.com 28 3 of the best analytics techniques for data-savvy marketers
  • 29. Best Next Offer apteco.com 29 3 of the best analytics techniques for data-savvy marketers apteco.com 29 3 of the best analytics techniques for data-savvy marketers
  • 30. Objective Boost conversions and engagement by customising your messaging and offer to include relevant product recommendations. You may also like Heeled boots £75.00 Blue Skirt £30.00 Knitted Jumper Small | Yellow Added to wishlist 30 apteco.com 3 of the best analytics techniques for data-savvy marketers
  • 31. Questions you may ask: What products can I cross and upsell to my existing customers? How can I identify customers’ wishes before they arise? apteco.com 31 3 of the best analytics techniques for data-savvy marketers
  • 32. How to get started: • Access your customer transaction history • Apply popularity and propensity weightings to determine which product combinations are most popular, and what tendencies individual customers demonstrate • Your data analytics solution will crunch through the data for you, showing you associations between your products, services and what is commonly bought together • Save ‘Best Next Offer’ as a variable for creating audience selections • Take into account additional aspects such as seasonal effects, current inventory levels, and profit margin apteco.com 32 3 of the best analytics techniques for data-savvy marketers
  • 33. Look for a tool that offers: apteco.com 33 3 of the best analytics techniques for data-savvy marketers
  • 34. Built-in AI, wizards and machine learning Look for a tool that offers: apteco.com 34 3 of the best analytics techniques for data-savvy marketers
  • 35. Built-in AI, wizards and machine learning Advanced predictive modelling techniques Look for a tool that offers: apteco.com 35 3 of the best analytics techniques for data-savvy marketers
  • 36. Want to learn more? Download our free eGuide to get seven bonus techniques you should have in your toolkit. Download eGuide