The document provides 10 tips for analytics success. It discusses the importance of asking good questions to gain insights, thinking long-term about building an analytics program, starting with investing in people over technology, seeking truth over validating preconceptions from data, understanding data limitations, ensuring ownership of the analytics function, investing in storytellers to communicate insights, finding meaningful ways to visualize data, and transforming data into actionable insights.
4. 4
INTRODUCTION
The technology landscape that
supports and drives the analytics
industry has become very
sophisticated, but the way we
nurture, grow and invest in talent
hasn’t kept up
TECHNOLOGY
PEOPLE
5. 5
INTRODUCTION
In APAC, the appetite for
analytics solutions is high, but
maturity is still relatively low
Adequate budgets
Impact of analytics
The right talent
The right org structure
Sophistication of use cases
10. 10
ASK GOOD QUESTIONSONE
Do you like Starbucks?
Yes
No 1 2 3 4 5 6 7 8 9 10
On a scale of 1-10, how would you
rate your perception of Starbucks?
Extremely
Negative
Extremely
Positive
What is your perception of
Starbucks?
Very Positive
Somewhat Positive
Neutral
Somewhat Negative
Very Negative
Rank the following brands
based on your preference?
Costa Coffee
Starbucks
Coffee Bean
Coffee Connoisseur
1
2
3
4
Which of the following brands do you
like (choose top 2)
Costa Coffee
Starbucks
Coffee Bean
Coffee Connoisseur
Other
In your own words, what is your
perception of Starbucks?
Type Response….
14. 14
THINK LONG TERMTWO
FOUNDATION
REPORTING
ANALYSIS &
OPTIMIZATION
TESTING &
PERSONALIZATION
OrganizationalAnalyticsMaturity
Foresight
Insight
Hindsight
Strategy
ADVANCED
ANALYTICS
Predictive Modeling
Big Data
Advanced Segmentation
Advanced Personalization
DMP
Your journey to
analytics success is
NOT LINEAR
NOT FINITE
AND FULL OF INFINITE
POSSIBILITIES
15. 15
DISCOVERY
& DESIGN
ANALYTICS
IMPLEMENTATION
REPORTING
& ANALYSIS
TESTING &
OPTIMIZATION
PERSONALIZATION ADVANCED
ANALYTICS
Requirements closure
Capture and categorize
requirements
Identify KPI’s and map to
business objectives
Review wireframes /
visual designs
Technical assessment of
implementation
feasibility
Solution Design
Tagging Guide
Tag Manager + data
layer setup
Set-up basic reports &
dashboards
Automate and
standardize reporting
wherever applicable
Data consolidation from
multiple channels for a
single view
Set-up A/B tests based
on business needs
Audit site for
optimization and
personalization
opportunities
Send personalized
campaigns through
emails
Serve personalized .COM
experience based on
visitor behaviours
Build statistical models
based on real data to
predict and forecast any
key metrics (like revenue
or orders)
Identify correlation
between offline events
on
THINK LONG TERMTWO
FOUNDATION
HINDSIGHT
INSIGHT
FORESIGHT
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4QUARTER
PHASE
ACTIVITIES
Dynamic Tag
Manager
TECHNOLOGY
+
- Dynamic Tag
Manager
Adobe
Analytics
Adobe
Target
Example Roadmap
17. 17
START WITH PEOPLETHREE
The people (e.g. analysts) who
manage, maintain, and grow
your analytics program
PEOPLE KNOWLEDGE TECHNOLOGY
The knowledge (e.g. best
practice, documentation,
standards, protocols,
processes, etc) that ensure
effectiveness, efficiency and
consistency
The technology which
enables automation and
aggregation of data
collection and analysis
18. 18
START WITH PEOPLETHREE
10 / 90 RULE
For every $10 you spend on a tool you should be investing $90 "intelligent
resources/analysts” (i.e. people)
$25,000
$250,000$225,000
$2,250,000
Tech People
19. 19
START WITH PEOPLETHREE
10 / 90 RULE
For every $10 you spend on a tool you should be investing $90 "intelligent
resources/analysts” (i.e. people)
$25,000
$250,000$225,000
$2,250,000
Tech People
20. 20
START WITH PEOPLETHREE
10 / 90 RULE
For every $10 you spend on a tool you should be investing $90 "intelligent
resources/analysts” (i.e. people)
$25,000
$250,000$225,000
$2,250,000
Tech People
21. 21
START WITH PEOPLETHREE
10 / 90 RULE
For every $10 you spend on a tool you should be investing $90 "intelligent
resources/analysts” (i.e. people)
$25,000
$250,000$225,000
$2,250,000
Tech People
22. 22
START WITH PEOPLETHREE
10 / 90 RULE
For every $10 you spend on a tool you should be investing $90 "intelligent
resources/analysts” (i.e. people)
$25,000
$250,000$225,000
$2,250,000
Tech People
23. 23
START WITH PEOPLETHREE
10 / 90 RULE
For every $10 you spend on a tool you should be investing $90 "intelligent
resources/analysts” (i.e. people)
$25,000
$250,000$225,000
$2,250,000
Tech People
30. 30
UNDERSTAND YOUR DATAFIVE
How was the data collected? (e.g. poll, census, etc)
What metrics, data formats and units of measure are included?
How is the data structured? (e.g. by date/time, by category, etc)
How granular is your data set? (e.g. broken down by day, month, year, etc)
Where and how is the data stored? (e.g. 3rd party vendor, owned databased in the
cloud, on-premise, etc)
32. 32
UNDERSTAND THE LIMITS OF TECHNOLOGYSIX
“We decided to test two identical versions of
our homepage against each other. You’d think
these two variants, being identical, would have
nearly the same conversion rate…. We saw
that the new variation, which was identical to
the first, saw an 18.1% improvement. Even
more troubling was that there was a “100%”
probability of this result being accurate.
38. 38
ENSURE YOU HAVE OWNERSHIPSEVEN
You need a person or team to own your analytics practice and drive it
forward. This entity needs to nurture the following:
VISION ACCOUNTABILITY GOVERNANCE COLLABORATION EVANGELISM
Ensure you are on
track and pursuing a
vision
Ensure there is
accountability to your
analytics output
Ensure governance
controls are in place
and observed as it
relates to analytics
Encourage and drive
collaboration across
the business to
ensure data isn’t
stuck in silos
Advocate data driven
thinking across the
business and create
new stakeholders
40. 40
INVEST IN STORYTELLERSEIGHT
Empirical storytelling is the process of using data to tell a rich and compelling
story. In practice, empirical storytelling requires a proficiency in collecting, cleaning,
interpreting and visualizing data, but it also requires someone who can
communicate the data and key message in a way that resonates with the audience
Empirical Storytelling
41. 41
INVEST IN STORYTELLERSEIGHT
“You can have piles of facts and
still fail to resonate. It’s not the
information itself that’s
important but the emotional
impact of that information.”
“[few] grasp how to use data to
tell a meaningful story that
resonates both intellectually
and emotionally with an
audience”
Nancy Duarte – Writer, Speaker, CEO Daniel Waisberg - Analytics Advocate, Google
42. 42
INVEST IN STORYTELLERSEIGHT
CHALLENGE
Green Mountain sold 18 billion
coffee pods in two years. How can
you give people a concrete sense of
just how many objects that is?
SOLUTION
Use physical space to create
context.
51. 51
insight is an
interpretation of data
which has value
and enables
a business decision
you need insight, not
more data
you need to actually
take action, otherwise
the insight has zero
value
TRANSFORM DATA INTO INSIGHTTEN
52. 52
TRANSFORM DATA INTO INSIGHTTEN
Average Time to Data Analysis
10%
17%
33%
22%
15%
3%
Minutes Hours Days Weeks Months Year or
more
4%
11%
24%
32%
22%
3%
6%
Minutes Hours Days Weeks Months Year or
more
Not
deployed
Average Time to Action
What’s the Value of Analytics?
53. 53
TRANSFORM DATA INTO INSIGHTTEN
Average Time to Data Analysis
10%
17%
33%
22%
15%
3%
Minutes Hours Days Weeks Months Year or
more
4%
11%
24%
32%
22%
3%
6%
Minutes Hours Days Weeks Months Year or
more
Not
deployed
Average Time to Action
Better decisions
made faster
What’s the Value of Analytics?
54. 54
TRANSFORM DATA INTO INSIGHTTEN
Average Time to Data Analysis
10%
17%
33%
22%
15%
3%
Minutes Hours Days Weeks Months Year or
more
4%
11%
24%
32%
22%
3%
6%
Minutes Hours Days Weeks Months Year or
more
Not
deployed
Average Time to Action
Better decisions
made faster
Decreasing your time to insight is
easier to do, and can be enabled
through technology/software
Decreasing your time to action is
MUCH harder, and involves talent,
processes, governance and change
management
What’s the Value of Analytics?