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At a loss for data project ROI? Evaluate it like a product

CIO Business Intelligence

In 2006, British mathematician Clive Humby proclaimed, “Data is the new oil.”. Today, Doug Laney, innovation fellow of data and analytics strategy at West Monroe, disputes Humby’s assertion on a technicality: “When you use a drop of oil, you can only use it one way at a time,” Laney says. Humby had bona fides to make that claim.

ROI 116
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The Complete Digital Analytics Ecosystem: How To Win Big

Occam's Razor

The world of digital analytics seems to be insanely complicated. I led a discussion the other day with a collection of people who were brand new to the space and some who were jaded long-term residents of Camp Web Analytics. Digital Analytics Ecosystem: The Inputs. Digital Analytics Ecosystem: The Outputs. Let's go!

Analytics 150
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Excellent Analytics Tip #8: Measure the Real Conversion Rate & "Opportunity Pie"

Occam's Razor

Mostly because short term goals drive a lot of what we do and if you are selling something on your website then it only seems to make logical sense that we measure conversion rate and get it up as high as we can as fast as we can. So measure Bounce Rate of your website. Even though we should not obsess about conversion rate we do.

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An Incredible Analytics Experience: 5 Years of Occam’s Razor

Occam's Razor

My beloved little labor of love, this analytics blog, is 5 years old today. My first blog post, on May 15th, 2006, was titled Traditional Web Analytics is Dead (let me emphasize the first word, traditional ). From day one my plan was to make analytics accessible, practical, non-IT centric, and real.

Analytics 100
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Kick Butt With Internal Site Search Analytics

Occam's Razor

I had first written about the wonders of site search analysis in a June 2006 post: Are You Into Internal Site Search Analysis? It is also covered in detail in Web Analytics: An Hour A Day. Google Analytics's launch of internal site search analysis today is a great excuse to revisit the world of site search. You Should Be.

Analytics 101
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A Great Analyst's Best Friends: Skepticism & Wisdom!

Occam's Razor

Your first skepticism flag should be: The title of the article says IQ, do PISA scores measure IQ? Novice Analysts get so caught up in the skepticism that they become paralyzed because if you even lift the covers under digital analytics a tiny bit, the way data is collected with scare the bejesus out of you. Oh, and offline analytics?

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SAP Industry Insights Podcast Highlights of 2021 with Host Tom Raftery

Timo Elliott

For example, we’re see all kinds of legislation requiring companies to measure set targets, measure and report their emissions, for example. He also cited the Costco example of using analytics and machine learning to create algorithms to optimize bread production, again using cameras.