Audace Mpoziriniga
Web Analytics
Definition and Meaning
"Web
Analytics is the measurement, collection, analysis and reporting of Internet
data for the purposes of understanding and optimizing Web usage.” Web analytics
is a strategic internet tool used to collect data and provide a report that
allows its users to detect problems so that they begin the process of resolving
them. It is a key tool for implementing effective business strategies such as Marketing,
Budgeting and financial operations. Also companies use web analytics when they
need to introduce customer loyalty program and increase sales.
For a
company to reach its goals, marketers must use a web analytics to monitor
customer behaviour, value marketing campaign performance and improve marketing
decision making accordingly.
By analysing
different metrics, marketers should identify the best product categories for
their clientele, which elements of their website were most popular, and how
well marketing campaigns and product promotions were working.
Different areas to monitor
Enterprises software
firms provide database, analytics, and mobile solutions to customers for their
analytics oriented. Every company selects specific aspects of its business
depending on what they want to improve.
By following the most important measurement to your business, you can
improve the results and grow your business, which is ultimately the goal of
reading metrics.
Examples
·
Sales
An ecommerce storefront
is supported by how many sales are completed. A great metric to track for an
ecommerce site is how many people drop off without finishing their purchase.
While you might think that visitors would be the most important metric, if you
notice that there is a huge difference between visitors and customers with
completed sales, you will realize that getting the people who come to your site
to finish their purchase is more important.
·
Marketing
With marketing analytics,
you have a good, solid look into the direct relationships between your
marketing channels. It's great to be able to see how each of your individual
channels (e.g. social media, blogging, email marketing, SEO, etc.) are
performing, but the true power of analytics comes into play when you can easily
tie the effect of multiple channels' performances together.
For instance, let's say
you did an email send to a segment of your leads. Marketing analytics can not
only tell you how many people clicked through from your email to your website,
but also how many of those people actually converted into leads for your business
when they got there. Furthermore, you can compare the impact of that individual
email send with other marketing initiatives. Did that email generate more leads than the blog post you published yesterday? What about
compared to your social presence?






