SlideShare a Scribd company logo
It’s Not the Size of the Data
– It’s How You Use It:
Smarter Marketing with
Analytics and Dashboards

© Koen Pauwels, 2013
Foreword by Laura Patterson,
Visionedge Marketing
“Through this book Koen Pauwels makes his extensive
experience within the reach of us all. He outlines
steps, shares case studies, and provides checklists that make
it possible for marketers to create and use dashboards as a
way to both monitor progress and facilitate decisions.
He designed this book to help marketers use data and metrics
to better understand the effect and impact of marketing
investments.”
Decisions That Data + Analytics
Can Inform
Case studies on brand tracking, data management, offline +
online marketing communication, direct mail, social media,
search, promotions, pricing, product age, retargeting,…

Large and small companies, B2C and B2B across 3 continents
Even a small improvement in using marketing analytic
dashboards brings companies on average 8 % higher Return on
Assets compared to their peers (Germann et al., IJRM, 2012)
Across Industries In Case Studies
Fast moving consumer goods: P&G, Unilever, food, non-food
Financial services: Discover, Vanguard, First Tennessee Bank
Consumer durables: cars, furniture, male shaving
Entertainment: EB Games, Harrah’s
Services: online retail, fashion retail, online travel, insurance
Business-to-business: Avaya, Unisys, global packaging

Not-for-profit: Atlanta city dashboard
Chapter 1: What Marketing Analytics
Dashboards Can Do for You
Analytic Dashboard: a concise set of interconnected
performance drivers to be viewed in common throughout the
organization

It helps you deal with:
1. poor organization of data,
2. managerial biases in information processing and
decision-making,
3. the increasing demands for marketing accountability, and
4. the need for cross-departmental integration when needed
View Performance Drivers: Examples
European SME

Source: http://www.dashboardinaction.com/

U.S.-Based Large Firm

Source: http://www.dundas.com/
Connect Your Actions With Results
Do You Need an Analytic Dashboard?
Is your organization suffering from:
1) Confusion about the effectiveness of new
media (what is your social media ROI?)?
2) Lack of comparable metrics across media
(online vs. offline) or countries?
3) Too many ‘key performance indicators
without proof of their sales impact?
Can marketing answer the
questions:
1) If we need to cut 20% from our
marketing budget, what would we cut?
Not
2) If we need to get 10% more
revenues next year, where would they Really
come from?
3) When does our marketing action
affect performance, and how long does
it last?

Do you want to:
1) Agree on facts so meetings
focus on plans to action?
2) Justify budget (changes) in
winning financial language?
3) Deploy analytics to turn data
into better decisions?
YES
You need an analytic dashboard
You want to read this book
You’re gonna like the way it helps
you lift your performance
From Reporting to Insightful Analysis
A common pitfall in the data-driven journey is the emphasis on
reporting than deep-dive analysis. The analytics team’s time is
primarily spent on maintaining the existing reports and
responding to ad-hoc reporting requests. Almost no emphasis is
placed on advanced analysis, which can provide significantly
more value to the business.

Brent Dykes
Evangelist for Customer Analytics
Adobe
Chapter 2: Dashboard vs. Scorecard
Commonalities
Provide a snapshot of a firm’s
performance

Differences
Dashboard metrics proven to lead
performance by data analytics
Dashboard integrates short- and
long-term objectives of a firm,
scorecard is rather focused on
long-term deliverables

Align marketing (other functional
unit) objectives with a firm’s
strategy

Scorecard lacks flexibility,
dashboard is highly customizable

Link inputs with outputs

Scorecards’ users are
predominantly top managers,
dashboards can be used at any level
of organizational hierarchy

Dashboard focuses on a firm’s
context, scorecard is rather weak
on competition
perspective/analysis
Chapter 3: Start With the Vision
“It is possibly the single most important opportunity, in a
decade, for your management to reinvent.
But to do so you need to have good metrics, measurements you
can trust and from which you can make sound decisions that
advance your company's business plan.
You need to measure what really counts. Once identified, these
metrics should then be placed in your Dashboard.”
Borenstein, 2009
Chapter 3: Start With the Vision
Better performance by analytic dashboards =
Goal alignment with company’s vision
*

Top management support
*
Employee engagement
How Goal Alignment and Metrics
Consensus Get Results
Measurement
Enablers

Measurement
Abilities

Use of a
dashboard

+
++
+

Metrics
consensus

+

++

Goal alignment

Ability to
measure brand
equity
Ability to
measure
financial
returns

Outcomes

Revenue
improvement
+

-

++

Learning
++
Chapter 4: Assemble Your Team
Today’s marketers must possess a hybrid of traditional marketing
skills and quantitative skills – mixing both art and science. But it’s
not enough to have both on the team; you have to some of each in
everyone (like having a major and minor in college). We’ve started
living this at SAP. To let the science influence the art, we gather data
and feedback on our marketing ideas before we make a full
commitment.
Jonathan Becher

Chief Marketing Officer
SAP
Chapter 4: Assemble Your Team
5 out of 12 steps to build + maintain your project team:
1. Identify the skills needed
2. Find the right mix of personalities
3. Recognize what motivates/demotivates your people
4. Know the stage your team is in
5. Lead, don’t micromanage your team
Chapter 5: Gain IT Support on Data
Big & Small
7 pillars to bridge IT and business units into cooperation

1.

IT understands its role is to support business

2.

IT knows strengths and quirks of its customer, i.e. business

3.

IT does not get isolated, but integrated into decisions

4.

Business sees how its ‘need for speed’ creates IT problems

5.

Business develops self-discipline for long-term feasibility

6.

Business understands set-up costs and maintenance efforts

7.

Standardize IT service, but do leave the room for flexibility
Chapter 6: Build Your Database
The main goal of a database is to collect, analyze, and
distribute information to the right people at the right time.
5 out of 10 tips on how to manage your database:
1.
Make sure your data is accurate and up-to-date
2.
Distribute key information to all stakeholders
3.
Customize your database
4.
Keep it simple and clean
5.
Utilize your database at its full capacity
Chapter 9: Include Emerging Channels:
Online and Social Media
3 rules for social media marketing:
1.

Begin with setting clear marketing goals and objectives and
then move on to metrics

2.

Use both quantitative and qualitative metrics: there is no
“silver” metric

3.

Use metrics specific to your company, business and marketing
goals and objectives
Chapter 11: Design Your Dashboard
Dashboard design key attributes:

• Simplicity
• Focus
• Clarity
• Compactness
• Leading to action
• Readability
• Insightfulness
• Flexibility
Source: http://www.dashboardinaction.com/, © 2010 Koen Pauwels
Chapter 11: Design Your Dashboard
5 out of 10 tips on how to visualize your dashboard:
1. Highlight key metrics that require attention
2. Categorize information with color
3. Present data on dashboards in a consistent way
4. Use meaningful and descriptive titles
5. Avoid cluttering dashboards
Source: http://www.dundas.com/
Source: http://www.dundas.com/
Chapter 12: Launch & Renew Your Dashboard
7 things to remember for your dashboard project success:

1. Dashboards should be useful
2. Dashboards should be aligned with strategy
3. Dashboards should contain the right KPIs
4. Dashboards should be clear and easy-to-read
5. Dashboards should be well planned
6. Dashboards require effective execution and committed people
7. Dashboards are not set in stone, require response to feedback
Chapter 13: Change Your Decision
Making: From Interpretation to Action
“Information is not knowledge. The only source of knowledge is
experience.”
Albert Einstein
“The best business decisions come from intuitions and insights
informed by data. Using data in this way allows your
organization to build institutional knowledge and creativity on
top of a solid foundation of data-driven insights.”
Bladt and Filbin
Dosomething.org , 2013
Chapter 14: Nurturing the Culture and
Practice of Accountability
“The real revolution in data will be a change in organizational
behavior and culture — and those changes are hard and take
time. Many organizations will struggle with the shift, and
frankly, many will be usurped by new competitors who grow up
natively with this new worldview.”
Scott Binker
Chief Marketing Technologist, 2013
CONCLUSION: CALL TO ACTION
Germann et al. (2012) uncover 5 key success factors for
effective use of marketing analytic dashboards that increase
company’s performance by 8-20%:
1. Top management support (see Chapters 1 and 3)

2. A supportive analytics culture (see Chapters 4 and 14)
3. Information technology support (see Chapter 5)
4. Appropriate data (see Chapter 6)

5. Analytic skills (see Chapters 7-10 and 13)
CONCLUSION: CALL TO ACTION
“You don’t need software –
You need courage and a vision”

Borenstein (2009)
Check out the book on Amazon.com in
the U.S. and McGraw-Hill in Europe.
For questions and feedback, please
contact the author!
Prof. Dr. Koen Pauwels
koen.pauwels@ozyegin.edu.tr
www.marketdashboards.com

More Related Content

What's hot

Recession Proofing With Data : Webinar
Recession Proofing With Data : WebinarRecession Proofing With Data : Webinar
Recession Proofing With Data : Webinar
Gramener
 
From Big Data to Business Value
From Big Data to Business ValueFrom Big Data to Business Value
From Big Data to Business Value
Gib Bassett
 
IBM Bi
IBM BiIBM Bi
IBM Bi
Stas Kolbin
 
Performance management reports
Performance management reportsPerformance management reports
Performance management reports
houghton098
 
Gramener Insight as Stories
Gramener Insight as StoriesGramener Insight as Stories
Gramener Insight as Stories
Gramener
 
Power Your Customer Experience with Data
Power Your Customer Experience with Data Power Your Customer Experience with Data
Power Your Customer Experience with Data
BrightFunnel
 
Data & Storytelling - What Now?
Data & Storytelling  - What Now? Data & Storytelling  - What Now?
Data & Storytelling - What Now?
Gramener
 
The Concept of Email Marketing Explained
The Concept of Email Marketing ExplainedThe Concept of Email Marketing Explained
The Concept of Email Marketing Explained
Blue Mail Media Inc
 
Social Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign MeasurementSocial Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign Measurement
Mohamed Mahdy
 
Customer Insight Powerpoint Presentation Slides
Customer Insight Powerpoint Presentation SlidesCustomer Insight Powerpoint Presentation Slides
Customer Insight Powerpoint Presentation Slides
SlideTeam
 
Week 7 final presentaion. By Elliott Nicholas
Week 7 final presentaion. By Elliott NicholasWeek 7 final presentaion. By Elliott Nicholas
Week 7 final presentaion. By Elliott Nicholas
ElliottNicholas1
 
The Art of Storytelling Using Data Science
The Art of Storytelling Using Data ScienceThe Art of Storytelling Using Data Science
The Art of Storytelling Using Data Science
Gramener
 
What Is Business Intelligence's Role In Big Data Analysis
What Is Business Intelligence's Role In Big Data AnalysisWhat Is Business Intelligence's Role In Big Data Analysis
What Is Business Intelligence's Role In Big Data Analysis
Macala Wright Consulting & Content
 
Develop a Winning Strategy
Develop a Winning StrategyDevelop a Winning Strategy
Develop a Winning Strategy
SmartDraw Software
 
Six Mistakes Companies Are Making Today And How You Can Avoid Them
Six Mistakes Companies Are Making Today And How You Can Avoid ThemSix Mistakes Companies Are Making Today And How You Can Avoid Them
Six Mistakes Companies Are Making Today And How You Can Avoid Them
FindWhitePapers
 
Week4day1
Week4day1Week4day1
7 Steps for Data-Driven Decision Making
7 Steps for Data-Driven Decision Making7 Steps for Data-Driven Decision Making
7 Steps for Data-Driven Decision Making
GuideStar
 
Big Data Webinar 31st July 2014
Big Data Webinar 31st July 2014Big Data Webinar 31st July 2014
Big Data Webinar 31st July 2014
Gorkana
 
How to make data-driven interactive PowerPoint presentations for operations
How to make data-driven interactive PowerPoint presentations for operationsHow to make data-driven interactive PowerPoint presentations for operations
How to make data-driven interactive PowerPoint presentations for operations
Gramener
 
ADV Slides: Why Organizations Don’t Change When They Need To
ADV Slides: Why Organizations Don’t Change When They Need ToADV Slides: Why Organizations Don’t Change When They Need To
ADV Slides: Why Organizations Don’t Change When They Need To
DATAVERSITY
 

What's hot (20)

Recession Proofing With Data : Webinar
Recession Proofing With Data : WebinarRecession Proofing With Data : Webinar
Recession Proofing With Data : Webinar
 
From Big Data to Business Value
From Big Data to Business ValueFrom Big Data to Business Value
From Big Data to Business Value
 
IBM Bi
IBM BiIBM Bi
IBM Bi
 
Performance management reports
Performance management reportsPerformance management reports
Performance management reports
 
Gramener Insight as Stories
Gramener Insight as StoriesGramener Insight as Stories
Gramener Insight as Stories
 
Power Your Customer Experience with Data
Power Your Customer Experience with Data Power Your Customer Experience with Data
Power Your Customer Experience with Data
 
Data & Storytelling - What Now?
Data & Storytelling  - What Now? Data & Storytelling  - What Now?
Data & Storytelling - What Now?
 
The Concept of Email Marketing Explained
The Concept of Email Marketing ExplainedThe Concept of Email Marketing Explained
The Concept of Email Marketing Explained
 
Social Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign MeasurementSocial Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign Measurement
 
Customer Insight Powerpoint Presentation Slides
Customer Insight Powerpoint Presentation SlidesCustomer Insight Powerpoint Presentation Slides
Customer Insight Powerpoint Presentation Slides
 
Week 7 final presentaion. By Elliott Nicholas
Week 7 final presentaion. By Elliott NicholasWeek 7 final presentaion. By Elliott Nicholas
Week 7 final presentaion. By Elliott Nicholas
 
The Art of Storytelling Using Data Science
The Art of Storytelling Using Data ScienceThe Art of Storytelling Using Data Science
The Art of Storytelling Using Data Science
 
What Is Business Intelligence's Role In Big Data Analysis
What Is Business Intelligence's Role In Big Data AnalysisWhat Is Business Intelligence's Role In Big Data Analysis
What Is Business Intelligence's Role In Big Data Analysis
 
Develop a Winning Strategy
Develop a Winning StrategyDevelop a Winning Strategy
Develop a Winning Strategy
 
Six Mistakes Companies Are Making Today And How You Can Avoid Them
Six Mistakes Companies Are Making Today And How You Can Avoid ThemSix Mistakes Companies Are Making Today And How You Can Avoid Them
Six Mistakes Companies Are Making Today And How You Can Avoid Them
 
Week4day1
Week4day1Week4day1
Week4day1
 
7 Steps for Data-Driven Decision Making
7 Steps for Data-Driven Decision Making7 Steps for Data-Driven Decision Making
7 Steps for Data-Driven Decision Making
 
Big Data Webinar 31st July 2014
Big Data Webinar 31st July 2014Big Data Webinar 31st July 2014
Big Data Webinar 31st July 2014
 
How to make data-driven interactive PowerPoint presentations for operations
How to make data-driven interactive PowerPoint presentations for operationsHow to make data-driven interactive PowerPoint presentations for operations
How to make data-driven interactive PowerPoint presentations for operations
 
ADV Slides: Why Organizations Don’t Change When They Need To
ADV Slides: Why Organizations Don’t Change When They Need ToADV Slides: Why Organizations Don’t Change When They Need To
ADV Slides: Why Organizations Don’t Change When They Need To
 

Similar to Itsnotthesizeofthedataitshowyouuseitsmartermarketingwithanalyticsanddashboards

Digital Strategy & Planning
Digital Strategy & PlanningDigital Strategy & Planning
Digital Strategy & Planning
Micah Timileyin
 
Marketing & SalesBig Data, Analytics, and the Future of .docx
Marketing & SalesBig Data, Analytics, and the Future of .docxMarketing & SalesBig Data, Analytics, and the Future of .docx
Marketing & SalesBig Data, Analytics, and the Future of .docx
alfredacavx97
 
Six steps to revenue boosting lead generation programs
Six steps to revenue boosting lead generation programsSix steps to revenue boosting lead generation programs
Six steps to revenue boosting lead generation programs
Jaslynn joan
 
EXCERPT-BMR-2013-Marketing-Analytics.pdf
EXCERPT-BMR-2013-Marketing-Analytics.pdfEXCERPT-BMR-2013-Marketing-Analytics.pdf
EXCERPT-BMR-2013-Marketing-Analytics.pdf
apurva joshi
 
4 ways to improve your customer performance measurement
4 ways to improve your customer performance measurement4 ways to improve your customer performance measurement
4 ways to improve your customer performance measurement
ObservePoint
 
Free Technical Testing I offer my Clients
Free Technical Testing I offer my ClientsFree Technical Testing I offer my Clients
Free Technical Testing I offer my Clients
jojo1236
 
4 ways to Align Marketing and IT Analytics Implementation Workflows
4 ways to Align Marketing and IT Analytics Implementation Workflows4 ways to Align Marketing and IT Analytics Implementation Workflows
4 ways to Align Marketing and IT Analytics Implementation Workflows
ObservePoint
 
Atlas High Performance Economic Development is a Team Sport - Pure Michigan
Atlas High Performance Economic Development is a Team Sport - Pure MichiganAtlas High Performance Economic Development is a Team Sport - Pure Michigan
Atlas High Performance Economic Development is a Team Sport - Pure Michigan
Atlas Integrated
 
Business
BusinessBusiness
Building an integrated data strategy
Building an integrated data strategyBuilding an integrated data strategy
Building an integrated data strategy
Lucas Modesto
 
Linking Strategy to Metrics - KPI working Group Presentation 5
Linking Strategy to Metrics - KPI working Group Presentation 5Linking Strategy to Metrics - KPI working Group Presentation 5
Linking Strategy to Metrics - KPI working Group Presentation 5Chikodi Onyemerela
 
Revealing B2B Digital Marketers biggest challenges
Revealing B2B Digital Marketers biggest challengesRevealing B2B Digital Marketers biggest challenges
Revealing B2B Digital Marketers biggest challenges
idio Ltd
 
Metrics and Analytics
Metrics and AnalyticsMetrics and Analytics
Metrics and Analytics
CLUÈ
 
Competing in Economic Development? Use Metrics.
Competing in Economic Development? Use Metrics.Competing in Economic Development? Use Metrics.
Competing in Economic Development? Use Metrics.
Atlas Integrated
 
Social Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign MeasurementSocial Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign Measurement
Brandwatch
 
7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.
7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.
7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.
Infocrest
 
Effective Planning Models
Effective Planning ModelsEffective Planning Models
Effective Planning Models
Jo Balucanag - Bitonio
 
Pl 3 Effective Planning Models
Pl 3    Effective Planning ModelsPl 3    Effective Planning Models
Pl 3 Effective Planning Models
Jo Balucanag - Bitonio
 
Now that SharePoint is Deployed, How do I Measure Success?
Now that SharePoint is Deployed, How do I Measure Success?Now that SharePoint is Deployed, How do I Measure Success?
Now that SharePoint is Deployed, How do I Measure Success?
Christian Buckley
 
DSA Presentation 2
DSA Presentation 2DSA Presentation 2
DSA Presentation 2
Akankshi Mody
 

Similar to Itsnotthesizeofthedataitshowyouuseitsmartermarketingwithanalyticsanddashboards (20)

Digital Strategy & Planning
Digital Strategy & PlanningDigital Strategy & Planning
Digital Strategy & Planning
 
Marketing & SalesBig Data, Analytics, and the Future of .docx
Marketing & SalesBig Data, Analytics, and the Future of .docxMarketing & SalesBig Data, Analytics, and the Future of .docx
Marketing & SalesBig Data, Analytics, and the Future of .docx
 
Six steps to revenue boosting lead generation programs
Six steps to revenue boosting lead generation programsSix steps to revenue boosting lead generation programs
Six steps to revenue boosting lead generation programs
 
EXCERPT-BMR-2013-Marketing-Analytics.pdf
EXCERPT-BMR-2013-Marketing-Analytics.pdfEXCERPT-BMR-2013-Marketing-Analytics.pdf
EXCERPT-BMR-2013-Marketing-Analytics.pdf
 
4 ways to improve your customer performance measurement
4 ways to improve your customer performance measurement4 ways to improve your customer performance measurement
4 ways to improve your customer performance measurement
 
Free Technical Testing I offer my Clients
Free Technical Testing I offer my ClientsFree Technical Testing I offer my Clients
Free Technical Testing I offer my Clients
 
4 ways to Align Marketing and IT Analytics Implementation Workflows
4 ways to Align Marketing and IT Analytics Implementation Workflows4 ways to Align Marketing and IT Analytics Implementation Workflows
4 ways to Align Marketing and IT Analytics Implementation Workflows
 
Atlas High Performance Economic Development is a Team Sport - Pure Michigan
Atlas High Performance Economic Development is a Team Sport - Pure MichiganAtlas High Performance Economic Development is a Team Sport - Pure Michigan
Atlas High Performance Economic Development is a Team Sport - Pure Michigan
 
Business
BusinessBusiness
Business
 
Building an integrated data strategy
Building an integrated data strategyBuilding an integrated data strategy
Building an integrated data strategy
 
Linking Strategy to Metrics - KPI working Group Presentation 5
Linking Strategy to Metrics - KPI working Group Presentation 5Linking Strategy to Metrics - KPI working Group Presentation 5
Linking Strategy to Metrics - KPI working Group Presentation 5
 
Revealing B2B Digital Marketers biggest challenges
Revealing B2B Digital Marketers biggest challengesRevealing B2B Digital Marketers biggest challenges
Revealing B2B Digital Marketers biggest challenges
 
Metrics and Analytics
Metrics and AnalyticsMetrics and Analytics
Metrics and Analytics
 
Competing in Economic Development? Use Metrics.
Competing in Economic Development? Use Metrics.Competing in Economic Development? Use Metrics.
Competing in Economic Development? Use Metrics.
 
Social Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign MeasurementSocial Listening in Practice: Campaign Measurement
Social Listening in Practice: Campaign Measurement
 
7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.
7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.
7 COMPONENTS OF AN OUTSTANDING DATA-DRIVEN MARKETING STRATEGY.
 
Effective Planning Models
Effective Planning ModelsEffective Planning Models
Effective Planning Models
 
Pl 3 Effective Planning Models
Pl 3    Effective Planning ModelsPl 3    Effective Planning Models
Pl 3 Effective Planning Models
 
Now that SharePoint is Deployed, How do I Measure Success?
Now that SharePoint is Deployed, How do I Measure Success?Now that SharePoint is Deployed, How do I Measure Success?
Now that SharePoint is Deployed, How do I Measure Success?
 
DSA Presentation 2
DSA Presentation 2DSA Presentation 2
DSA Presentation 2
 

Recently uploaded

5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
fakeloginn69
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
marketingjdass
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 

Recently uploaded (20)

5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 

Itsnotthesizeofthedataitshowyouuseitsmartermarketingwithanalyticsanddashboards

  • 1. It’s Not the Size of the Data – It’s How You Use It: Smarter Marketing with Analytics and Dashboards © Koen Pauwels, 2013
  • 2. Foreword by Laura Patterson, Visionedge Marketing “Through this book Koen Pauwels makes his extensive experience within the reach of us all. He outlines steps, shares case studies, and provides checklists that make it possible for marketers to create and use dashboards as a way to both monitor progress and facilitate decisions. He designed this book to help marketers use data and metrics to better understand the effect and impact of marketing investments.”
  • 3. Decisions That Data + Analytics Can Inform Case studies on brand tracking, data management, offline + online marketing communication, direct mail, social media, search, promotions, pricing, product age, retargeting,… Large and small companies, B2C and B2B across 3 continents Even a small improvement in using marketing analytic dashboards brings companies on average 8 % higher Return on Assets compared to their peers (Germann et al., IJRM, 2012)
  • 4. Across Industries In Case Studies Fast moving consumer goods: P&G, Unilever, food, non-food Financial services: Discover, Vanguard, First Tennessee Bank Consumer durables: cars, furniture, male shaving Entertainment: EB Games, Harrah’s Services: online retail, fashion retail, online travel, insurance Business-to-business: Avaya, Unisys, global packaging Not-for-profit: Atlanta city dashboard
  • 5. Chapter 1: What Marketing Analytics Dashboards Can Do for You Analytic Dashboard: a concise set of interconnected performance drivers to be viewed in common throughout the organization It helps you deal with: 1. poor organization of data, 2. managerial biases in information processing and decision-making, 3. the increasing demands for marketing accountability, and 4. the need for cross-departmental integration when needed
  • 6. View Performance Drivers: Examples European SME Source: http://www.dashboardinaction.com/ U.S.-Based Large Firm Source: http://www.dundas.com/
  • 7. Connect Your Actions With Results
  • 8. Do You Need an Analytic Dashboard? Is your organization suffering from: 1) Confusion about the effectiveness of new media (what is your social media ROI?)? 2) Lack of comparable metrics across media (online vs. offline) or countries? 3) Too many ‘key performance indicators without proof of their sales impact? Can marketing answer the questions: 1) If we need to cut 20% from our marketing budget, what would we cut? Not 2) If we need to get 10% more revenues next year, where would they Really come from? 3) When does our marketing action affect performance, and how long does it last? Do you want to: 1) Agree on facts so meetings focus on plans to action? 2) Justify budget (changes) in winning financial language? 3) Deploy analytics to turn data into better decisions? YES You need an analytic dashboard You want to read this book You’re gonna like the way it helps you lift your performance
  • 9. From Reporting to Insightful Analysis A common pitfall in the data-driven journey is the emphasis on reporting than deep-dive analysis. The analytics team’s time is primarily spent on maintaining the existing reports and responding to ad-hoc reporting requests. Almost no emphasis is placed on advanced analysis, which can provide significantly more value to the business. Brent Dykes Evangelist for Customer Analytics Adobe
  • 10. Chapter 2: Dashboard vs. Scorecard Commonalities Provide a snapshot of a firm’s performance Differences Dashboard metrics proven to lead performance by data analytics Dashboard integrates short- and long-term objectives of a firm, scorecard is rather focused on long-term deliverables Align marketing (other functional unit) objectives with a firm’s strategy Scorecard lacks flexibility, dashboard is highly customizable Link inputs with outputs Scorecards’ users are predominantly top managers, dashboards can be used at any level of organizational hierarchy Dashboard focuses on a firm’s context, scorecard is rather weak on competition perspective/analysis
  • 11. Chapter 3: Start With the Vision “It is possibly the single most important opportunity, in a decade, for your management to reinvent. But to do so you need to have good metrics, measurements you can trust and from which you can make sound decisions that advance your company's business plan. You need to measure what really counts. Once identified, these metrics should then be placed in your Dashboard.” Borenstein, 2009
  • 12. Chapter 3: Start With the Vision Better performance by analytic dashboards = Goal alignment with company’s vision * Top management support * Employee engagement
  • 13. How Goal Alignment and Metrics Consensus Get Results Measurement Enablers Measurement Abilities Use of a dashboard + ++ + Metrics consensus + ++ Goal alignment Ability to measure brand equity Ability to measure financial returns Outcomes Revenue improvement + - ++ Learning ++
  • 14. Chapter 4: Assemble Your Team Today’s marketers must possess a hybrid of traditional marketing skills and quantitative skills – mixing both art and science. But it’s not enough to have both on the team; you have to some of each in everyone (like having a major and minor in college). We’ve started living this at SAP. To let the science influence the art, we gather data and feedback on our marketing ideas before we make a full commitment. Jonathan Becher Chief Marketing Officer SAP
  • 15. Chapter 4: Assemble Your Team 5 out of 12 steps to build + maintain your project team: 1. Identify the skills needed 2. Find the right mix of personalities 3. Recognize what motivates/demotivates your people 4. Know the stage your team is in 5. Lead, don’t micromanage your team
  • 16. Chapter 5: Gain IT Support on Data Big & Small 7 pillars to bridge IT and business units into cooperation 1. IT understands its role is to support business 2. IT knows strengths and quirks of its customer, i.e. business 3. IT does not get isolated, but integrated into decisions 4. Business sees how its ‘need for speed’ creates IT problems 5. Business develops self-discipline for long-term feasibility 6. Business understands set-up costs and maintenance efforts 7. Standardize IT service, but do leave the room for flexibility
  • 17. Chapter 6: Build Your Database The main goal of a database is to collect, analyze, and distribute information to the right people at the right time. 5 out of 10 tips on how to manage your database: 1. Make sure your data is accurate and up-to-date 2. Distribute key information to all stakeholders 3. Customize your database 4. Keep it simple and clean 5. Utilize your database at its full capacity
  • 18. Chapter 9: Include Emerging Channels: Online and Social Media 3 rules for social media marketing: 1. Begin with setting clear marketing goals and objectives and then move on to metrics 2. Use both quantitative and qualitative metrics: there is no “silver” metric 3. Use metrics specific to your company, business and marketing goals and objectives
  • 19. Chapter 11: Design Your Dashboard Dashboard design key attributes: • Simplicity • Focus • Clarity • Compactness • Leading to action • Readability • Insightfulness • Flexibility
  • 21. Chapter 11: Design Your Dashboard 5 out of 10 tips on how to visualize your dashboard: 1. Highlight key metrics that require attention 2. Categorize information with color 3. Present data on dashboards in a consistent way 4. Use meaningful and descriptive titles 5. Avoid cluttering dashboards
  • 24. Chapter 12: Launch & Renew Your Dashboard 7 things to remember for your dashboard project success: 1. Dashboards should be useful 2. Dashboards should be aligned with strategy 3. Dashboards should contain the right KPIs 4. Dashboards should be clear and easy-to-read 5. Dashboards should be well planned 6. Dashboards require effective execution and committed people 7. Dashboards are not set in stone, require response to feedback
  • 25. Chapter 13: Change Your Decision Making: From Interpretation to Action “Information is not knowledge. The only source of knowledge is experience.” Albert Einstein “The best business decisions come from intuitions and insights informed by data. Using data in this way allows your organization to build institutional knowledge and creativity on top of a solid foundation of data-driven insights.” Bladt and Filbin Dosomething.org , 2013
  • 26. Chapter 14: Nurturing the Culture and Practice of Accountability “The real revolution in data will be a change in organizational behavior and culture — and those changes are hard and take time. Many organizations will struggle with the shift, and frankly, many will be usurped by new competitors who grow up natively with this new worldview.” Scott Binker Chief Marketing Technologist, 2013
  • 27. CONCLUSION: CALL TO ACTION Germann et al. (2012) uncover 5 key success factors for effective use of marketing analytic dashboards that increase company’s performance by 8-20%: 1. Top management support (see Chapters 1 and 3) 2. A supportive analytics culture (see Chapters 4 and 14) 3. Information technology support (see Chapter 5) 4. Appropriate data (see Chapter 6) 5. Analytic skills (see Chapters 7-10 and 13)
  • 28. CONCLUSION: CALL TO ACTION “You don’t need software – You need courage and a vision” Borenstein (2009)
  • 29. Check out the book on Amazon.com in the U.S. and McGraw-Hill in Europe. For questions and feedback, please contact the author! Prof. Dr. Koen Pauwels koen.pauwels@ozyegin.edu.tr www.marketdashboards.com