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Home»Marketing»How to turn analytical data into actionable insights
Marketing

How to turn analytical data into actionable insights

The Elite Times TeamBy The Elite Times TeamJanuary 23, 2024No Comments7 Mins Read
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Today’s digital marketing seems to require too much data. As analytics platforms generate vast amounts of information across multiple channels, it can be difficult to make sense of it. This is where data visualization comes into play. It’s the key to transforming raw analytical data into clear, actionable insights.

In this article, we’ll explore how data visualization tools like Looker Studio and Tableau simplify big data, foster collaboration, and unlock powerful marketing insights that go beyond basic reporting to intuitive storytelling. Here’s how it can help.

The role of digital analysis

For more than 25 years, the success of digital marketing strategies has relied on marketers’ ability to measure success or failure. Using analytics to track user behavior, engagement metrics, conversion rates, and various key performance indicators (KPIs) is a traditional way to understand marketing performance.

Two of the most popular tools, Google Analytics and Adobe Analytics, provide a wealth of data for analysis. However, users often find them insufficient when it comes to effectively extracting and displaying data. Data warehouses add additional complexity to analysis by combining analytical data with information from third-party tools. As the amount and complexity of data grows, so does the demand for specialized tools to make sense of it.

Dig deeper: Marketing analysis: What is it and why marketers should care?

Analyzing vast amounts of data today is like panning the sand on a riverbank for a few grains of gold or, if you’re lucky, a precious nugget to guide your decision-making. Complex software user interfaces, numerous marketing channels (SEO, paid search, paid social, organic social media, affiliate marketing, etc.), and the sheer volume of data generated can be overwhelming. Without the right tools to integrate data from multiple sources, you risk drowning in a river of data without being able to derive meaningful insights.

Looker Studio and Tableau are popular data visualization tools for digital marketers. You need to choose a tool that fits your budget, technical capabilities, and requirements. Whichever product you choose, make sure it offers a robust solution that can transform your raw data into dynamic visual stories. When used correctly, these tools can help bridge the gap between complex analytical data and actionable insights, giving you a deeper understanding of your digital marketing performance.

Dig deeper: Breaking down data silos: A practical guide to integrated marketing data

The art of storytelling with data

I always emphasize the value of storytelling when presenting data to clients and management teams. Using digital visualization tools goes beyond simply displaying numbers to creating a visual story. In digital marketing, where clicks, impressions, and conversions contribute to the story, it’s important to integrate all data points into a coherent picture.

Great tools recognize the importance of using data to tell a story. Data storytelling capabilities allow users to create narratives that guide stakeholders through data, providing context and meaning to numbers. This allows users to build dashboards/reports that unfold like a story, with each visualization contributing to the overall marketing story.

A storytelling approach not only simplifies complex data but also enhances insights. This allows you to go beyond simple reporting and communicate the importance of your data in a way that resonates with decision makers.

When visualizing data, keep Jacob Nielsen’s advice on usability in mind. “A picture is worth a thousand words, but no one wants a page worth 10,000 words.” Keep your dashboard clean and tidy. Dashboards should provide insights on specific topics. Avoid creating a single dashboard that includes and reports on everything.

Effective data visualizations include concise numbers that support the story. When reporting on KPIs, use symbols such as arrows and thumbs up/down to visually display percentage change to enhance audience understanding and retention. This way, viewers are more likely to remember that her KPI was 10% higher than the actual number.

Dig deeper: How to tell effective data stories: Tips from Nancy Duarte

Interactive dashboard example

Check out the following interactive dashboard to see how data visualization can help you. Explore the benefits of visualizing your data using sample data from Google Analytics 4 (GA4). Dashboards cover a variety of situations.

1. Standard report

Problems can occur if the analysis tool only displays the daily date dimension and is too complex for a typical user to see two or three different metrics (i.e. users and sessions) in one chart. there is.

Data visualization allows users to see multiple metrics at the same time and control the X-axis (date frequency).

In the graph above, changing the X-axis to display monthly data smooths out the line and makes the gap between the two metrics much easier to see.

2. Median

Perhaps you would like to see the median value for the reporting period along with the calculated metric? This option allows you to easily see how the metric is performing compared to typical values.

Revenue and user graph showing median valueRevenue and user graph showing median value

3. SEO performance

Let’s say you only want stakeholders to see a dashboard that showcases your SEO efforts and results. Just create a data visualization dashboard and all your data will be restricted to traffic from organic search.

4. Content marketing

What about data for content-only sites (bloggers, informational sites, etc.)? Dashboards will likely focus on users, landing pages, and conversions.

Real-time decision-making and collaboration in a fast-paced digital world

Time is always in short supply. Trends change, consumer behavior changes, and competitors adapt quickly. Waiting for weekly or monthly reports is no longer a viable option. This is where the real-time capabilities of interactive data visualization become essential.

Keep stakeholders in the loop by providing real-time updates with a user-friendly interface, including drill-down options. Whether you’re tracking paid social campaigns, assessing the impact of his recent SEO efforts, or reviewing a large number of emails, up-to-date data allows you to make informed and timely decisions.

Real-time analytical dashboards enhance data accessibility and give you a competitive edge. The real-time analytics flexibility inherent in GA4 integrated with BigQuery is critical for today’s digital marketers. This allows you to quickly identify opportunities and address challenges, ensuring a data-driven strategy that adapts to the evolving digital world and human behavior.

Interactive visual dashboards/reports enable collaboration and empower stakeholders in your organization. Get everyone on the same page without giving them access to complex digital analytics. Organizations can customize data access with specific dashboards and reports, along with role-based access controls, and share sensitive information only with those who need it.

2023 MarTech Careers and Salaries Survey.2023 MarTech Careers and Salaries Survey.

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The future of data visualization in marketing

As digital marketing evolves, data visualization will play a more advanced role. In the future, we can expect sophisticated tools that integrate AI and machine learning for predictive analytics.

Imagine this. Digital marketers not only analyze the past, but also receive intelligent recommendations for future strategies through predictive modeling. AI-driven algorithms in tools like Looker Studio and Tableau inform decision-making and actively shape the trajectory of digital marketing campaigns.

Data visualization: The key to unlocking actionable marketing insights

In today’s world of big data, digital marketers are faced with the challenge of sifting through overwhelming information to find meaningful insights. Data visualization is the solution. With an intuitive interface, stunning visuals, and real-time analytics, you can transform raw data into clear insights to guide strategic decisions.

These tools enable you to interact with and make use of large amounts of data by interactively exploring it, telling visual stories, and enabling collaboration. The future of digital marketing is data-driven. Data visualization capabilities help you overcome complexity and drive success.

The opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.

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