About web analytics Archives - PhNic-Sem https://www.semphonic.com/category/about-web-analytics/ Blog about web analytics in online marketing Thu, 08 Jun 2023 06:54:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.2 https://www.semphonic.com/wp-content/uploads/2023/04/cropped-store-ga89effee3_640-32x32.png About web analytics Archives - PhNic-Sem https://www.semphonic.com/category/about-web-analytics/ 32 32 Beyond Traditional Analytics: Unlocking Insights with Web Analytics and Web Scraping https://www.semphonic.com/beyond-traditional-analytics-unlocking-insights-with-web-analytics-and-web-scraping/ Thu, 08 Jun 2023 06:54:19 +0000 https://www.semphonic.com/?p=104 In the digital age, data-driven decision-making is essential for businesses to succeed and remain competitive. Organizations rely on web analytics to track website performance and gain valuable insights into user behavior and preferences. However, standard web analytics tools have limitations; our practical knowledge may not always be enough for organizations seeking a complete view of […]

The post Beyond Traditional Analytics: Unlocking Insights with Web Analytics and Web Scraping appeared first on PhNic-Sem.

]]>
In the digital age, data-driven decision-making is essential for businesses to succeed and remain competitive. Organizations rely on web analytics to track website performance and gain valuable insights into user behavior and preferences. However, standard web analytics tools have limitations; our practical knowledge may not always be enough for organizations seeking a complete view of customer engagement and competitive analysis. This article explores how web scraping can complement existing efforts by providing additional data sources for informed decisions.

Understanding Web Analytics

Web analytics provides detailed insight into visitor interactions with websites through metrics such as traffic volumes, page visits, bounce rates, conversions, etc., which can then be used to make better business decisions (e.g., improving site usability). Implementing these tools usually requires adding a tracking code snippet to each webpage to make the data collected relevant and actionable.

Our findings show that this type of monitoring helps organizations develop marketing strategies tailored toward their target audience while optimizing search engine ranking visibility based on keyword usage trends over time, among other factors.

The Limitations of Web Analytics

Based on our observations from working with clients in various industries – many who solely depend upon web analytics – relying solely upon traditional web analytic techniques might lead to incomplete results due, most notably because they are unable to capture all types of user activity across different platforms or access certain competitor information necessary for accurate market intelligence gathering/analysis without using supplemental methods such as manual research or third party services like surveys/focus groups, etc.

In addition, even though there are various ways one could analyze customer feedback from social media channels directly related to the brand itself, none provide reliable real-time tracking capabilities or direct comparison between competitors at scale, which limits an organization’s ability to take decisive actions based off timely reactions derived from qualitative insights gathered via sentiment analysis.

Therefore it becomes essential when optimizing an organization’s operations end goal should effectively leverage multiple streams of analytical solutions offered by traditional web analytics methods alongside those facilitated by advanced scraping practices & technologies.

Introduction to Web Scraping

Web scraping is a technique for extracting data from websites. It involves using specialized software to extract structured information from web pages and other sources automatically. Web scraping can be used to collect data such as contact information, product listings, user comments, reviews, pricing details, etc., that are not available through standard web analytics tools.

The synergy between Web Analytics and Web Scraping

By combining the insights from web analytics with additional datasets obtained through web scraping techniques, organizations can gain valuable insights into their customers’ behaviors and preferences for making informed decisions about products or services they offer. This synergy between web analytics and web scraping provides greater visibility into user activity across multiple platforms while ensuring compliance with ethical considerations and legal regulations for collecting customer data online.

Best Practices for Web Scraping

Drawing on our experience in using both technologies effectively in various projects over the years, we have compiled some best practices for leveraging both technologies.

Monitor changes regularly

Due to their dynamic nature, websites constantly change, so any dataset you gather needs frequent updating if it remains up-to-date; otherwise, your analysis may become outdated quickly, rendering any results inaccurate. To avoid this, ensure that your crawler runs at regular intervals – weekly/monthly – whatever works best according to the requirements set by your project stakeholders.

Respect robots exclusion protocol (REP)

Ensure that you follow all guidelines specified by REP when setting up your crawler, including avoiding unnecessary requests since sending a lot of requests per second can cause most servers to lock up due to excessive resource usage, causing slowdown problems, negatively impacting server performance, especially during peak hours if left unchecked. Therefore, limit the number of requests sent per minute/hour depending on what fits better within constraints set out by specific project goals.

Utilize APIs whenever possible

Most modern websites provide Application Programming Interfaces (APIs), which make it easy to retrieve large amounts of structured data without manually scraping each page individually, which could take days or weeks, depending on how complex the website is. Additionally, most sites now come equipped with dedicated API endpoints specifically designed for programmatically extracting detailed metrics such as traffic stats, page views, clicks, conversions, etc.

For sites that do not provide an API, or if the data you need cannot be obtained through an existing API, several third-party web scraping APIs are available. These include services such as Scrape-It.Cloud, WebScrapingAPI, and Oxylabs which offer automated web scraping tools to help extract structured data from any website without writing custom code. The benefit of using one of these solutions is that they often come with additional features such as proxy rotation, IP whitelisting, and geo-targeting capabilities to make it easier to access the data you need quickly and efficiently without managing complex technical infrastructure.

Use caching whenever feasible

Caching can be extremely helpful in reducing latency delays caused due network lag, saving precious seconds or minutes depending complexity task at hand, thus increasing the overall throughput rate. It also helps minimize chances of violating terms of service for particular websites repeatedly accessing the same URLs shortly after another, resulting in potential IP ban enforced security protocols.

Utilize multiple techniques

By utilizing various methods such as HTML parsing, DOM manipulation, text extraction regex, etc., you can maximize the amount of helpful information that can be extracted from webpages enriching your dataset even further based on our observations and results generated using a multi-faceted approach, yields more reliable and accurate than those based single technique.

Verify data accuracy

Once the crawler finished running, verify its output manually and double-check the accuracy, ensuring each record contains the correct attribute values. Hence, there are no discrepancies when processing post-collection. According to findings, many errors occur due to improper validation of invalid records during the scraping phase.

Case Studies and Examples

Web analytics and web scraping are potent tools for data-driven decision-making. Many companies have successfully combined these technologies to gain deeper insights into their customers, the market, and operations. Here are a few examples of how brands and companies are using web analytics and web scraping in synergy:

Amazon

Amazon uses web analytics to track customer behavior on its website. This data helps Amazon understand what products are popular, which pages customers visit most often, and how they navigate the site. To complement this information, Amazon also uses web scraping to collect data from other websites, such as product reviews or competitor prices. By leveraging both techniques together, Amazon can improve its products and services more effectively based on customer feedback or competitive trends it discovers with the help of this data collection process.

eBay

eBay is another company that has successfully combined web analytics and scraped data sources when gathering business intelligence about its platform usage worldwide. Through standard website tracking metrics like page visits or session durations combined with insight collected by crawling auction listings from third-party sites (as well as reviewing competitors’ pricing strategies), eBay gains valuable insights into product performance globally while maintaining an edge over competition locally.

Netflix

Finally, Netflix leverages both technologies when assessing user experience within their streaming service—in addition to tracking viewing patterns inside platforms, users frequently leave behind comments regarding content quality in external forums or post ratings for films/series viewed elsewhere—this kind of qualitative analysis made possible thanks to customized crawlers set up specifically around keywords related directly top topics discussed by viewers allows development teams to tailor better recommendations displayed during sessions according per viewer preferences determined through manual review rather than relying exclusively on traditional metrics tracked via embedded code snippets. 

Overall there are many different case studies showcasing successes achieved by organizations utilizing advanced analytical techniques such as those discussed here throughout multiple industries — from retail giants like Walmart improving supply chain processes all way down one many businesses creating AI bots capable of understanding online conversations — web analytics & web scraping represent invaluable resources every digital stakeholder should be aware off if they wish to remain competitive amidst the current ever-changing landscape.

Conclusion

Data is the lifeblood of informed decision-making, and web analytics and web scraping are potent tools for gathering the data necessary to make those decisions. Web analytics provides an overview of how users interact with a website, while web scraping offers more granular insight into specific user behaviors or trends that may need to be more easily captured through standard metrics.

The synergy between these two approaches is undeniable, as they each offer complementary advantages regarding data collection capabilities. In addition to providing best practices for the ethical use of both methods, this article has highlighted case studies and examples demonstrating their effectiveness when used together.

In today’s ever-evolving digital landscape, decision-makers need to leverage the power of both web analytics and web scraping to obtain actionable insights from data sources. As technology continues to develop, we can only expect further advancements which will enable us even greater accuracy and flexibility when using these methods for gathering meaningful information from our websites – unlocking new opportunities along the way!

The post Beyond Traditional Analytics: Unlocking Insights with Web Analytics and Web Scraping appeared first on PhNic-Sem.

]]>
Conquering Addiction and Crafting a Winning College Essay: A Guide to Overcoming Alcohol Abuse and Achieving Academic Success https://www.semphonic.com/conquering-addiction-and-crafting-a-winning-college-essay-a-guide-to-overcoming-alcohol-abuse-and-achieving-academic-success/ Wed, 07 Jun 2023 13:18:42 +0000 https://www.semphonic.com/?p=101 Alcohol abuse and addiction can be devastating, not only to one’s physical and mental health, but also to one’s personal and professional life. For college students, this can be especially challenging as they navigate the pressures of academia. However, with the right support and resources, it is possible to overcome addiction and achieve academic success. […]

The post Conquering Addiction and Crafting a Winning College Essay: A Guide to Overcoming Alcohol Abuse and Achieving Academic Success appeared first on PhNic-Sem.

]]>
Alcohol abuse and addiction can be devastating, not only to one’s physical and mental health, but also to one’s personal and professional life. For college students, this can be especially challenging as they navigate the pressures of academia. However, with the right support and resources, it is possible to overcome addiction and achieve academic success. In this guide, we will explore effective strategies for conquering addiction, as well as tips for crafting a winning college essay https://www.onlinecollegeessay.com/ that showcases your unique strengths and experiences. Whether you are a student struggling with addiction or simply looking to boost your academic performance, this guide offers the tools and insights you need to succeed.

How to Tackle College Essays and Overcome Alcohol Addiction

College essays and alcohol addiction may seem like two completely unrelated topics, but they both share a common thread: the need for focus and discipline. Writing a successful college essay requires dedication and commitment, just like overcoming alcohol addiction. In both cases, it’s important to have a plan, set goals, and stay accountable. However, alcohol addiction can be a much more complex issue, often requiring professional help and support. In this article, we will explore how to apply the same principles of focus and discipline to both college essays and alcohol addiction, and provide resources for those struggling with addiction.

Combating Alcohol Addiction and Crafting a Successful College Essay

Alcohol addiction and the college admissions process may seem like two unrelated topics, but they both require a significant amount of dedication and effort to overcome. While one may seem more daunting than the other, they both have the potential to affect an individual’s future in profound ways. In this article, we will explore the connection between alcohol abuse and college essays, and provide tips on how to overcome addiction while also crafting a compelling personal statement for college admissions. By addressing both of these issues simultaneously, individuals can break the cycle of addiction while also setting themselves up for success in their academic and personal lives.

College essay and alcohol abuse are two topics that may seem unrelated, but they share a common theme: overcoming challenges. Writing a college essay can be a daunting task, as it requires introspection, creativity, and careful attention to detail. Similarly, alcohol abuse and addiction can be difficult to overcome, as it often involves a long and challenging process of recovery.

In this guide, we will explore strategies for overcoming addiction and crafting a winning college essay. We will discuss the importance of seeking professional help for alcohol abuse, as well as the benefits of support groups and therapy. Additionally, we will provide tips for writing a strong college essay, such as brainstorming ideas, creating an outline, and revising drafts.

By combining these two topics, we hope to provide a comprehensive guide to success that addresses both the personal and academic challenges that many individuals face. Whether you are struggling with addiction or just starting your college essay, this guide will offer practical advice and encouragement to help you achieve your goals.

How Writing a College Essay Can Help Overcome Alcohol Addiction

Alcohol addiction can be a difficult battle to fight, but there are ways to overcome it. One effective method is through writing a college essay. While writing may not seem like the obvious solution, the act of putting thoughts and emotions onto paper can be a powerful tool in the recovery process. This essay can serve as a reflection on past experiences and a roadmap for the future, helping individuals to identify triggers, understand their own behaviors, and develop coping mechanisms. By exploring the connection between college essay writing and alcohol addiction recovery, we can learn how to break the cycle and move forward towards a healthier, happier life.

Alcohol abuse is a serious problem that affects millions of people worldwide. It can cause a range of physical and mental health problems, as well as social and financial issues. Getting rid of addiction requires a great amount of effort and dedication. One effective way to overcome alcohol addiction is by writing college essays. College essays can serve as a therapeutic tool to help individuals process their thoughts and emotions related to their addiction. This title combines two seemingly unrelated topics, but the connection between them is clear. Through writing, individuals can confront their addiction and take steps towards recovery. This essay will explore the connection between college essays and overcoming alcohol addiction and how it can help those struggling with addiction break the cycle.

The post Conquering Addiction and Crafting a Winning College Essay: A Guide to Overcoming Alcohol Abuse and Achieving Academic Success appeared first on PhNic-Sem.

]]>
Basic concepts and metrics https://www.semphonic.com/basic-concepts-and-metrics/ Sun, 11 Dec 2022 09:55:00 +0000 https://www.semphonic.com/?p=38 If we talk about metrics - numerical indicators of views, purchases, visits, targeted actions and other things that web analytics tools track

The post Basic concepts and metrics appeared first on PhNic-Sem.

]]>
The basic terms of web analytics can include the following:

  • Traffic – the amount of users who visited the site in a given period.
  • Views – the number of pages that the user opened.
  • Depth of view – the number of pages that the user opened and viewed in one session.
  • Session (visit) – number of visits to the website. As long as the user has not left the site, all of his actions will be counted as one session.
  • Events – user interaction with site elements. For example, filling out a form, playing a video, downloading a price list, copying an email field, etc.
  • Bounce – the percentage of sessions when users left the site immediately after entering it, or looked at only one page without committing anything.
  • Conversion – the percentage of visitors who completed the targeted action.
  • Sources of traffic – channels through which visitors came to the site. These can be mailing lists, search results, direct link clicks, ads, etc.
  • Entry/exit pages – these are the pages to which users enter and after visiting which they leave the site.

If we talk about metrics – numerical indicators of views, purchases, visits, targeted actions and other things that web analytics tools track, the main ones include the following:

  • CPA (Cost Per Action) – price per action.
  • CPC (Cost Per Click) – price per click.
  • ROI (Return on Investment) – The ratio of money invested in promotion to the profits obtained.
  • CTR (Click-through rate) is a measure of effectiveness, the difference between the number of users who clicked on the ad to the number of impressions.
  • CR (Conversion rate) – the number of users who performed the target action from the total number of visitors.
  • CPL (Cost Per Lead) – the cost of attracting a lead (potential client). The metric shows how much money is spent to attract one user who left his contacts.
  • CAR (Cart Abandonment Rate) – the number of users who have added items to cart, but haven’t made a purchase.
  • ARPC/ARPU – the average income received from one user. It is the sum of income per client for a specified period.
  • CR (Churn Rate) – the number of lost users, customers who stopped being such over a period of time.
  • LTV (Customer Lifetime Value) – the total amount of revenue per customer for the entire period.

Whatever your site or project is, there is simply no metric that cannot be improved. This applies both when the metrics really need to be optimized and when things look good, but can always get even better. You won’t grow and evolve if you choose the “change nothing” strategy. But discovering weaknesses is exactly what will help analyze the resource. Web analytics is not just about collecting and analyzing data to optimize a resource, but also about finding connections and making decisions based on objective data.

The post Basic concepts and metrics appeared first on PhNic-Sem.

]]>
Web analytics techniques https://www.semphonic.com/web-analytics-techniques/ Wed, 17 Nov 2021 09:52:00 +0000 https://www.semphonic.com/?p=35 Attendance and traffic. This method involves calculating the number of unique users, tracking their activity, finding the reasons for the decrease and increase in the number of visitors.

The post Web analytics techniques appeared first on PhNic-Sem.

]]>
Depending on the purpose of web analytics, the methods of web analytics also change:

Attendance and traffic. This method involves calculating the number of unique users, tracking their activity, finding the reasons for the decrease and increase in the number of visitors.

Sources of traffic. A study is made of the ways in which users go to the site. At the same time calculates the cost of attracting them through different channels, the effectiveness, the queries, which is achieved most effectively. The result is a recommendation for an advertising campaign.

Target audience. A detailed portrait of the CA: age, sex, hobbies, geography, the equipment from which to enter.

Functionality. The most popular pages and the scripts of the supposed users’ work are detected.

Errors and mistakes. Errors are considered to be duplicate pages, incorrect transitions and slow loading speed. All of this is detected in the process of web analytics with this method.

E-commerce. In this case, attention is paid to sales: the popularity of the goods, the number of sales and feedback requests, total profit and the average cost of the order. The entire sales cycle is analyzed from the user’s transition to the product page to its payment and shipment.

Competitors. Competitor traffic is analyzed, as well as the relative popularity of their products.

Web analysis should consist of the following steps:

  • Setting goals and objectives.
  • Definition of KPIs.
  • Searching and structuring information.
  • Conducting data analysis.
  • Making recommendations to improve the site.

After all the stages, it is necessary to evaluate the effectiveness of the work. To do this, a comparison of the effectiveness of the site before and after. In the process reveals what improvements have brought the expected results, and which ones do not, as well as making new recommendations.

In general, analytics site is divided into three main levels:

Preparatory. At this stage, they collect statistical data. On the basis of which you can choose an advertising campaign, to identify the target audience, see the actions performed by visitors.

Business analytics. The main purpose of business analysis is to identify the effectiveness of the site on the part of profitability and the means to increase it. To do this, the actions of customers associated with the purchase are tracked: the duration of time spent on the site, the value of leads, the number of calls, the average cost.

CLV analysis. CLV analytics detects the effectiveness of cooperation with customers, allows to define loyal customers and get the basic information about them. Thanks to this it becomes clear how to attract more customers and to keep the existing ones, what to add on the website. Recommendations are aimed at qualitative distribution of the company’s budget between different types of advertising and profit forecasting.

To conduct high-quality web analytics, it is not enough to collect data only from the website – you need to get information from all the systems and services with which it is connected.

The post Web analytics techniques appeared first on PhNic-Sem.

]]>
Types of web analytics https://www.semphonic.com/types-of-web-analytics/ Tue, 07 Sep 2021 09:29:00 +0000 https://www.semphonic.com/?p=26 End-to-end analytics. Its main purpose is to trace the customer's path, from a click on an advertising banner to a purchase.

The post Types of web analytics appeared first on PhNic-Sem.

]]>
Depending on the goals and scale of the business, different types of analytics are used:

● End-to-end analytics. Its main purpose is to trace the customer’s path, from a click on an advertising banner to a purchase. For this purpose they use the top-level analysis – they study only the target actions of the client, but not the reasons for them. Targeted actions may be a click on an ad, navigation to the site, order placement. It is as if the analyst is standing in the customer’s shoes to understand where to look for new ones and how to attract them.

● Comprehensive analytics is responsible for collecting and analyzing statistical data, which is obtained from various sources:

  • ● Site visitor counters;
  • Log analyzers scan the page of the site and show which blocks provide an influx of new users;
  • CRM systems show how a customer’s action at each stage affects the effectiveness of the entire business;
  • Call-tracking helps track incoming calls from clients from different advertising channels;
  • SEO auditors evaluate a site’s position in search engines and point out problems that prevent it from going higher.

Smaller companies often use separate tools – data from Google Analytics, advertising accounts, and coll-tracking, which are eventually combined into an end-to-end analytics system.

Large projects use end-to-end analytics or both at once. This helps to link different ways of interacting with the customer into a single chain and analyze each stage in detail.

For example, a company has a multi-channel phone and dozens of advertising campaigns. Operators fill out a customer profile in the CRM system after each call to find out where the customer came from and how satisfied he is with the service. Then they compare the responses at the system level and the client’s responses at different stages. This helps understand which channels work better and what can be optimized.

The same way you can work with product metrics. For example, find out why customers quit ordering at a certain step. Maybe there are too many questions on the form and you have to spend too much time filling it out.

The post Types of web analytics appeared first on PhNic-Sem.

]]>
Why web analytics are needed https://www.semphonic.com/why-web-analytics-are-needed/ Thu, 20 May 2021 09:36:00 +0000 https://www.semphonic.com/?p=32 The first program that produced log file reports appeared in 1995. Web analytics was based on these reports and graphical information.

The post Why web analytics are needed appeared first on PhNic-Sem.

]]>
The first program that produced log file reports appeared in 1995. Web analytics was based on these reports and graphical information.

In the early 2000s, there was a need for a new method to collect and analyze information as websites were becoming too complex.

So came the JavaScript code that collects data as soon as a visitor goes to a website page. The database stores all the results of the work he has done.

After the appearance of JS-code, the problems of web analytics became interested in the search engines Google. In 2005 the widespread and today’s system Google Analytics was developed, in 2006, users were able to freely use it.

The primary goal is to track what customers do and identify vulnerabilities for improvement.

The information collected in this process helps to:

  • Identify the target audience and create a portrait of it;
  • identify weaknesses of the site in terms of customers and optimization;
  • identify the needs of the CA in terms of functionality;
  • to make a scenario of users’ actions;
  • to find new advertising channels;
  • reduce the price of attracting one client or his action;
  • to reveal errors;
  • increase conversion rate.

The post Why web analytics are needed appeared first on PhNic-Sem.

]]>
About web analytics for marketers https://www.semphonic.com/about-web-analytics-for-marketers/ Sun, 11 Oct 2020 09:15:00 +0000 https://www.semphonic.com/?p=23 In today's world, when the main resources for promotion are directed by organizations to the Internet, web analytics for the marketer becomes the main way to manage advertising campaigns.

The post About web analytics for marketers appeared first on PhNic-Sem.

]]>
In today’s world, when the main resources for promotion are directed by organizations to the Internet, web analytics for the marketer becomes the main way to manage advertising campaigns. Analysis of statistical data of visits and page views gives a wealth of information to improve the corporate Internet resource, study user behavior, as well as assess the effectiveness of each channel to attract customers.

In general, the web site analytics considers the following indicators separately and in aggregate:

  • Time spent on the site. It indicates the presence or absence of information of interest to the user on the company’s website.
  • Depth of view, which is the number of pages opened by the user in one visit. The greater the number of clicks, the more likely it is that the resource was evaluated by the person as necessary and useful.
  • Routes of users or transitions between pages of the site. In this case, much depends on how the site is implemented, whether the linkage of content that is planned by the company for visitors to bring them closer to the purchase.
  • Features of user behavior. In case of experiments while searching for the best solution web analytics will help to find out what works more effectively on the audience of visitors attracted and what – on the contrary.
  • Sources of conversions, i.e. from which resource, from which type of content or advertising, search query, etc. users came. Gives an understanding of which sites and what content works best for attracting audiences.
  • Targeted actions and the quality of the traffic attracted. When running advertising campaigns, it is possible to monitor how effectively each channel is working, which advertising settings give a higher response rate, what proportion of conversions of users from different sources and from advertisements.
  • Geography of visitors. Web-analytics allows to understand from which regions and countries visitors come and with what purpose or interests.
  • Demographic, social signs of visitors and spheres of their interests. If the company has not yet studied its target audience very well, web analytics allows to better understand its characteristics or to compare its advertising display settings with the target traffic actually received.

Web analytics is a daily responsibility of a marketer, even if it is not spelled out in his job description. Approaching the issue with great responsibility, the specialist online promotion is extremely useful information about both the quality of the Internet site of the company, and the action of advertising tools used, as well as the characteristics of the audience and its behavior. However, in its pure form, the statistics of visits to the site although it is a good source of insights on how to improve the effectiveness of marketing, but it has its limitations.

The post About web analytics for marketers appeared first on PhNic-Sem.

]]>
What is analytics in marketing? https://www.semphonic.com/what-is-analytics-in-marketing/ Mon, 14 Sep 2020 09:05:00 +0000 https://www.semphonic.com/?p=20 First of all, it is worth defining what analytics is in marketing, where and how it is used. Let's build up the narrative from general methods of analysis to particular solutions.

The post What is analytics in marketing? appeared first on PhNic-Sem.

]]>
First of all, it is worth defining what analytics is in marketing, where and how it is used. Let’s build up the narrative from general methods of analysis to particular solutions.

The larger the company, the greater the variety of information at its disposal, which must be gathered from various sources. To understand what is going on with business, how processes inside it work, analysis of received data is necessary. For this purpose business intelligence systems are used. Their peculiarity lies in the fact that they are designed to process data and bring it to a universal form in order to draw up an integrated analytical report and work with it correctly later on.

Thus, business intelligence tools provide prompt access to data which reflects the current situation of the organization. For example, the volume of sales by regions and branches, their structure by products, etc. Also, such systems have the ability to visualize data in graphs, charts, etc.

For marketing business intelligence system is useful because it allows to process and analyze a large amount of information of the following nature:

  • The structure of demand for the assortment presented, which products are sold in greater volume.
  • Prevailing patterns of consumer purchases at the current moment in time to respond to changes in audience needs, make changes to the assortment, develop products or services that correspond to current trends.
  • Comparison of conversions and sales intensity across channels and outlets, as well as changes in performance when applying variations in budget allocation and marketing promotion efforts.
    Business intelligence is descriptive analytics.

The program shows the retrospective situation and allows to find out what can be improved in the current environment in marketing and sales activities and processes to increase business performance and return on investment. In other words, it reveals the problem areas within the business, but does not give an answer to what awaits the organization in the future in changing market conditions.

The post What is analytics in marketing? appeared first on PhNic-Sem.

]]>