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INFORMATION v INSIGHT @barryhand barryhand.

INFORMATION v INSIGHT

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Measure it! (02/06/10) http://mulley.ie/blog/2010/05/the-next-measure-it-is-on-june-2nd-at-10am-12pm/

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Page 1: INFORMATION v INSIGHT

INFORMATIONv

INSIGHT

@barryhand barryhand.ie

Page 2: INFORMATION v INSIGHT

INFORMATION = INSIGHT!

Page 3: INFORMATION v INSIGHT

INFORMATION = INSIGHT?

Page 4: INFORMATION v INSIGHT

LOTS OF INFORMATION

Page 5: INFORMATION v INSIGHT

CONVERT TIME & ENERGY INTO FUN

Page 6: INFORMATION v INSIGHT

WEBSITE INFORMATION

INSIGHT?

Page 7: INFORMATION v INSIGHT

ADDING INSIGHT

• Combine INFORMATION from orders

• SEGMENT into customer groups

• TARGET across CHANNELS

• Increased REPEAT CUSTOMERS to 20%

• PREDICT not just WHEN, but WHAT

Page 8: INFORMATION v INSIGHT

SOCIAL MEDIA

• It isn’t FREE (takes resources)

• ROI is a business metric, not MEDIA

• Social Media = COMMUNICATIONS

• Set OBJECTIVES (more sales, reduce complaints etc.) & prove SOCIAL MEDIA

Page 9: INFORMATION v INSIGHT

BASELINE

Before Social Media After Social Media

Page 10: INFORMATION v INSIGHT

ACTIVITY TIMELINES

Page 11: INFORMATION v INSIGHT

MEASURE AGAINST BASELINE

• Sales Revenue

• Orders/Transactions

• Net Customers

Before Social Media After Social Media

Page 12: INFORMATION v INSIGHT

GATHER SOCIAL MEDIA INFORMATION

Page 13: INFORMATION v INSIGHT

OVERLAY INFORMATION

• TRANSACTIONS

• WEB DATA

• SOCIAL

• LOYALTY METRICS

• RELEVANT ACTIVITIES

Page 14: INFORMATION v INSIGHT

OVERLAY TIMELINES

Before Social Media After Social Media

Page 15: INFORMATION v INSIGHT

IMPACT

Before Social Media

After Social Media

• Look for PATTERNS

• Prove RELATIONSHIPS

Page 16: INFORMATION v INSIGHT

GAINING INSIGHT

• Remember OBJECTIVES

• Calculate SAVINGS, REVENUE GAINS etc.

• MEASURE more than FOLLOWERS & LIKES

• What is the SOCIAL MEDIA impact?

Page 17: INFORMATION v INSIGHT

RECAP

• INSIGHT appears when you look for MEANING

• SOCIAL MEDIA = COMMUNICATIONS

• Create BASELINE & MEASURE

• Gain INSIGHT into IMPACT

• SOCIAL MEDIA ROI?

Page 18: INFORMATION v INSIGHT

INFORMATIONv

INSIGHT

@barryhand barryhand.ie