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Does the Data Report All the Facts?
*And Does it Need to?
Jordan Weissman,
Slate.com
Mel Karmazin
Former CEO of CBS
2003
Larry Page & Sergey Brin
Founders, Google
“You’re f---ing
with the magic!”
-Mel Karmazin
“J Crew Pink
Sweater”
IWGBIAP(I was gonna buy it anyway problem)
Correlation Causation
I saw an ad and
then bought a pink
sweater
I bought a pink
sweater because I
saw an ad
A Facebook ad made Anna buy
Pineapple Shoes
And Beth bought some too based on
Anna’s recommendation.
How can we attribute the
behavior that occurs outside
of the traditional digital
advertising model?
“Half the money I spend on advertising is wasted; the
trouble is, I don’t know which half.”
John Wanamaker
The MAGIC isn’t about being nebulous.
The MAGIC is in our
human behavior and
the data helps to
support it.
THANK YOU!
Anna Carver & Beth Cohen King

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Geek Girls Presentation_v2

Editor's Notes

  1. Ask audience who works with data? Who uses data in their personal lives? Data affects us all I work with data and love it. Here at Ve…. Email and ad campaign explanations.
  2. Article sent to me by coworker Title made me feel like my livelihood is a sham.
  3. Mel met with Larry and Sergey Mel had a career as a long career as a high level ad and marketing sales They described how they could track the effectiveness of online advertising and how great all that data would be Mel thought this was going to be bad for marketing and advertising –> Advertising can be sold because you CAN’T measure it’s effectiveness John Wanamaker quote: “Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.” Google is saying they would be able to tell you which half, thereby opening the door for potential slashes in marketing/ad spends Advertising needs room for grey area and a little magic, and giving pure reporting would ruin that.
  4. Mell is fucking with googles magic of using the data
  5. If I go online and type in “J Crew Pink Sweater” and get the following results, and click on one of the top choices, J Crew has to pay someone… ANNA: I make myself click on links But I was probably  We have a different mindset….i want them to spend a little money on me
  6. Next slide is correlation vs. causation
  7. Argument of correlation vs causation Article is arguing that most online business comes from correlation, not causation Did you pay for no reason Does it matter Anna bought a pink sweater
  8. We know ecommerce industry set to be a 500billion a year by 2018 – so that can’t happen without online advertising….and that not pissing in the wind.. Can’t correlate data at every point doesn’t mean than having no information is better Grey area – see value in incremental bumps
  9. There’s a reason they showed me this pair of shoes  Data
  10. BETH Data provided Facebook with necessary consumer profile to target the right user Argument can be made that the ad was responsible for both purchases. However, the data won’t reflect that.
  11. Human behavior can’t always be quantified. But we’ve demonstrated that the data can still be effective. In fact, we’ve demonstrated that one ad led to TWO sales even though the business analytics will never show that.