First off, it’s just awful.
First off, it’s just awful.
In the world of big data, vendors think the problem is about storage and processing.
So they write articles like this about the need for
Big data means big waste…. unless you have mapped the business goal back to the data elements needed to make a decision.
If you don’t know what problem you’re solving, does it really help you to collecting more data, then collecting it real-time?
The easiest way to spot a looming big data failure is when the IT executive is talking mainly about infrastructure. Cloud-related discussions in the marketing department are usually a dead giveaway.
If you’re a fresh IT or stats grad looking for a job, focus not on data mining techniques, but on your communication skills. Because how you define the problem is more important than how you solve it. Here’s how:
Assuming you have the basics that come with your degree, learning more tools (not even BlitzMetrics) shouldn’t be a priority. Most businesses don’t have viable goals for social media. They may want fans and engagement, but don’t know how to measure the cross-channel impact or ROI.
They need a strategy. And you need to be consultative– to tackle tough questions.
And then you have more data, tools, consultants, and cost to manage. But with what business impact made?
The analytics team for the longest time has been relegated to corporate report-making monkeys. I know, since I was one of them for a dozen years.
That monthly report soon becomes a weekly report, then a daily report. And soon your time is tied up grabbing a number here or making a chart there.
But to prevent this explosion of report-making nonsense, you have to be strategic. Go beyond the face value of the reporting request. Get to the heart of what your business partner or client is really asking for. Hint: most of the time, they don’t know, so you have to be consultative (have suggested answers in advance).
For example, a request to know how many conversions are coming from social seems innocuous enough. You can look in your Omniture or Google Analytics to see how many referrals from Facebook resulted in a last click conversion.
But what the VP of marketing is really asking is what is the impact of social and what specific actions can we take to optimize for more?
If you give her exactly and literally what she asked for (which you should the first time), then you’ll end up making all variations of reports with different colored pie charts broken out by different products and time periods. There is no escape from the green slime pit.
But provide insight into how many conversions had at least one social touch along the way or how a Facebook impression (even without a click) increased email open/click rates, and you have a more powerful conversation.
All of a sudden, you’re the trusted business advisor making recommendations that help her increase net margins, as opposed to the report maker asking for money to buy the latest whiz-bang tools.
If you’re not sure, then watch this:
If that doesn’t make sense, then you probably are. Reading this should help.
So decide what level of the business you’d like to play in. Do you want to make a strategic impact on the business by analyzing data or do you want to be a report monkey? Eventually it will drive you bananas.