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Media analytics: We don't know what to count

Posted by: Stephen Baker on March 24

Yesterday morning I was on a panel at the SAS Global Forum outside Washington, DC. We were talking about how Marriott and State Farm use analytics in their businesses. And that got me thinking about journalism. It seems to me that companies like SAS create ever more sophisticated technology to add efficiencies and calculate return on investment, and yet… In our industry, we still don’t know what to count.

We don’t know what a page view or a click is worth (It depends who’s clicking). Our colleague David Kiley, for example, linked to a video of a sexy Paris Hilton ad a couple years ago and got more traffic in a day than we were getting in a month on Blogspotting. But say SAS CEO Jim Goodnight reads one of our posts and forwards it a few dozen of his top execs, how does the value of his click compare to those of the Paris Hilton fans?

The point is that if you don’t understand your business, analytics is beside the point. And I sense that in journalism, we’re still struggling to come to grips with what we’re doing and what it’s worth.

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Reader Comments

Norbert Mayer-Wittmann

March 24, 2009 01:24 PM

You and/or your audience may be interested to pose questions to Susan Bratton -- she is asking for such questions ("Your Burning Questions About Podcasting Metrics?") here:

http://blogs.personallifemedia.com/dishymix/your-burning-questions-about-podcasting-metrics/2009/03/23/

:) nmw

Thomas Whitney

March 27, 2009 10:39 AM

I think we haven't quite grasped the qualitative value of social networking and blogs because we can't break out of our quantitative thinking. But, it's here and obviously growing. So, I'd just give it a little more time before we decide we value content over excess.

The real issue in this conversation is digital security. How are we going to keep ourselves secure in the midst of all of this change?

This site: http://www.justaskgemalto.com is an excellent educational tool for getting to know about that.

Chana Hercenberg

July 23, 2009 07:43 AM

Hi Stephen,

Is there a measurable action set up for the CEO to take when he gets to the website? That is a big part of Analytics. Setting up "goals" on the website that tell you more about the visitor. And leading them through a process of actions on your website. These can tell you a lot about who the person is.

It's also important to make use of psychographics, and setting up your website with specific business objectives and audiences in mind.

You can separate a webpage into audience cluster focuses, or have specific actions (eg. downloads or sign ups) of interest that they may see.

That, together with a highly strategized focus (eg. a Twitter campaign that focuses on providing high value to a targeted interest group for example, email campaigns to targeted subgroups), and measuring things like where they came from before the site, how many times they come back, where they come from each time and how many other touch points they've been to across a range of media (as well as gauging the length of their viewing the video, calls to actions with coupons or other measurable responses, uniquely generated phone numbers, etc...can lead you to a lot more information on who the person is at your website.

There is also often a way to see the server name, and if they are coming from a company address. And more...

It's the creative integrated combination of business strategy along with analytics and marketing knowledge and innovative technology solutions that can solve (at least some of) these issues.

I hope this analysis will prove helpful. Feel free to contact me for further discussion should you want to bounce some ideas off of me.

Regards,
Chana Hercenberg

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In Blogspotting Senior Writer Stephen Baker and Associate Editor Heather Green take a look at how cutting-edge technologies are changing business and society. Whether its blogs or wikis, data crunching or data targeting, technology’s advances are reshaping the world that we live in.

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