Marketing Analytics Strategic Models And Metrics Stephan Sorger [new]
Utilizing trend analysis and time series to forecast future demand.
Marketing analytics is the process of measuring, analyzing, and interpreting data to understand the effectiveness of marketing campaigns and strategies. It helps businesses to identify areas of improvement, optimize their marketing mix, and ultimately drive revenue growth. With marketing analytics, companies can: Utilizing trend analysis and time series to forecast
To ensure accountability, Sorger emphasizes several metric "families" that should be tracked on dashboards Performance Indicators Some of the key advantages include:
Remember Sorger’s golden rule: “Strategy without metrics is a daydream. Metrics without strategy is a nightmare.” With marketing analytics
Without the strategic model (the journey map) and the specific metric (micro-conversion), the company would have wasted money on more traffic.
The benefits of using Sorger's models and metrics are numerous. Some of the key advantages include: