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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

First, you figure out what you want to improve; then you create an experiment; then you run the experiment; then you measure the results and decide what to do. That metric is tied to a KPI. It's the target for your KPI. So grab a piece of paper and write down three key business metrics you'd like to change.

Metrics 156
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Knowledge

Occam's Razor

" ~ Web Metrics: "What is a KPI? Key To Your Digital Success: Web Analytics Measurement Model. " Measuring Incrementality: Controlled Experiments to the Rescue! Barriers To An Effective Web Measurement Strategy [+ Solutions!]. Measuring Online Engagement: What Role Does Web Analytics Play? "Engagement"

KPI 124
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12 Marketing Reports Examples You Can Use For Annual, Monthly, Weekly And Daily Reporting Practice

datapine

Management thinker Peter Drucker once stated, “if you can’t measure it, you can’t improve it” – and he couldn’t be more right. Using the right marketing KPIs (key performance indicators) is a good start – what is now left is finding a way to organize it all in a way that makes sense and brings value.

Reporting 280
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Cookies To Humans: Implications Of Identity Systems On Incentives!

Occam's Razor

The qualitative surveys measuring unhappiness went down even more than before. A Key Performance Indicator (KPI), our industry’s lingo for what becomes The metric, has massive influence. You are what you measure. Bonus: Remember, you can measure profit everyday in Google Analytics! ]. Metrics matter.

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Web Analytics Segmentation: Do Or Die, There Is No Try!

Occam's Razor

And as recently as two weeks ago I stressed the importance of effective segmentation as the cornerstone of the Web Analytics Measurement Framework. Key elements of the Web Analytics Measurement Framework.]. Apply on the relevant reports to measure performance using key performance indicators.

Analytics 123
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Empowering Analysis Ninjas? 12 Signs To Identify A Data Driven Culture

Occam's Razor

The organization functions off a clearly defined Digital Marketing & Measurement Model. #1. 10: The KPIs in your DMMM reflect your company size/evolutionary stage. More on the Digital Marketing & Measurement Model, DMMM, in #2 below.). Pick hard metrics to designate as your key performance indicators.

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Eight Silly Data Things Marketing People Believe That Get Them Fired.

Occam's Razor

But it is not a key performance indicator. The difference between a KPI and a metric is that the former has a direct line of sight to your bottom-line, while the latter is helpful in diagnosing tactical challenges. Because Likes (and +1s, Followers) measure a fleeting Hello. But don't make it your KPI.

Marketing 166