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Hidden Gems: Using
Data Driven Insights
to Grow Revenue
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here
891 pixels h x 688 pixels w
Founder & CEO
Blue Acorn
kevin@blueacorn.com
Kevin Eichelberger
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here
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Manager of Marketing Research
Bronto Software
jim.davidson@bronto.com
Jim Davidson
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here
891 pixels h x 688 pixels w
Director of E-commerce
Blu Dot
mwodtke@BluDot.com
Mike Wodtke
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here
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Director of Marketing
Optimizely
jodie@optimizely.com
Jodie Ellis
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here
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Head of Big Data
eBay Inc.
tdomke@ebay.com
Tim Domke
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CEO
Granify, Inc.
jeff@granify.com
Jeff Lawrence
Our Goal: To deliver you
actionable insights on how you
can use data to grow eCommerce
revenue.
Big Data
“Big Data is the frontier of a
firm’s ability to store,
process, and access (SPA) all
of the data it needs to
operate, make decisions,
reduce risks, and serve
customers”
- Forrester
Micro vs. Macro Data
Micro:
- Individual user data
- Specific instances, sites,
or companies
- Segmented data
Macro:
- Market data
- Consumer indices
- Market trends
Predictive Use of Data
22% of online retailers
indicated they currently
leverage real-time user data
to grow revenue
- Personalization
- Targeted Offers
- Preventing abandoned carts
Interpreting & Using Data
Only 39% of online retailers
routinely gain insight from
analytics – Top 3 reasons why:
1. Lack of resources
2. Time required
3. Lack of understanding
Incorporating Data into an
Organization’s Decision
Process
What are the biggest challenges
for eCommerce marketers to
instill data into management’s
decision making process?
1. HIPPOs (Highest Paid Person
in the Organization)
2. Culture
3. Organizational structure
One Last Piece of Advice…
Q&A

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Hidden Gems: Using Data Driven Insights to Grow Revenue | Imagine 2013 Business Solution | Kevin Eichelberger, Jim Davidson, Mike Wodtke, Jodie Ellis, Tim Domke, Jeff Lawrence

  • 1.
  • 2. Hidden Gems: Using Data Driven Insights to Grow Revenue
  • 3. Insert photo of speaker here 891 pixels h x 688 pixels w Founder & CEO Blue Acorn kevin@blueacorn.com Kevin Eichelberger
  • 4. Insert photo of speaker here 891 pixels h x 688 pixels w Manager of Marketing Research Bronto Software jim.davidson@bronto.com Jim Davidson
  • 5. Insert photo of speaker here 891 pixels h x 688 pixels w Director of E-commerce Blu Dot mwodtke@BluDot.com Mike Wodtke
  • 6. Insert photo of speaker here 891 pixels h x 688 pixels w Director of Marketing Optimizely jodie@optimizely.com Jodie Ellis
  • 7. Insert photo of speaker here 891 pixels h x 688 pixels w Head of Big Data eBay Inc. tdomke@ebay.com Tim Domke
  • 8. Insert photo of speaker here 891 pixels h x 688 pixels w CEO Granify, Inc. jeff@granify.com Jeff Lawrence
  • 9. Our Goal: To deliver you actionable insights on how you can use data to grow eCommerce revenue.
  • 10. Big Data “Big Data is the frontier of a firm’s ability to store, process, and access (SPA) all of the data it needs to operate, make decisions, reduce risks, and serve customers” - Forrester
  • 11. Micro vs. Macro Data Micro: - Individual user data - Specific instances, sites, or companies - Segmented data Macro: - Market data - Consumer indices - Market trends
  • 12. Predictive Use of Data 22% of online retailers indicated they currently leverage real-time user data to grow revenue - Personalization - Targeted Offers - Preventing abandoned carts
  • 13. Interpreting & Using Data Only 39% of online retailers routinely gain insight from analytics – Top 3 reasons why: 1. Lack of resources 2. Time required 3. Lack of understanding
  • 14. Incorporating Data into an Organization’s Decision Process What are the biggest challenges for eCommerce marketers to instill data into management’s decision making process? 1. HIPPOs (Highest Paid Person in the Organization) 2. Culture 3. Organizational structure
  • 15. One Last Piece of Advice…
  • 16. Q&A