In my previous article in this series exploring the application of Big Data to marketing, I looked at how the Volume component of Big Data provides breadth and depth to your understanding of your customers. In this post, I will explore the second of the 3 Vs, the potential impact of Velocity on Marketing.
Let’s first look at what we mean by Velocity and put down a simple definition of ‘Velocity is the speed of data growth/change’.
In the last few years, the accumulation of data has grown at an astonishing rate, with the amount of data increasing by 2.5 exabytes each day or 40% annually at current rates and accelerating.
The big question is, what does velocity mean for businesses looking to tap into it and does this speed of growth/change…
Episode 1, Scene 1. Boardroom meeting, charts showing sales figures on the up, 3 people sit around the boardroom table.
You can cut the tension with a knife...
Financial Director: 'OK, so what's the plan?'Marketing Director: 'We're going to create an online video campaign, everyone's doing it, we're going to do it better, it's going viral.'CEO: 'I'm sorry?'MD: 'We're going to get loads of views, people will feel really warm to our brand and they will buy from our company like never before.'FD: 'Can we measure that?'MD: 'Erm, not really.'FD: 'Does the sales team get leads?'MD: 'No but that's not the point, it will bring people to us, inbound mar…'CEO: 'You're fired.'Marketing Director faintsCut.Though there are signs that belts are loosening and that companies are investing in creativity, when communicating with their audience. However, one of the biggest challenges faced by the marketing dept is…
Have you heard of the photo messaging service Snapchat? You likely will have if you're a teenager or watch how teenagers use their smartphones. But if not, you may not have heard of it, since it's just 2 years since it launched. But it's definitely one to watch, if your brand needs to keep up with the social media engagement of the youth audience. These statistics on the popularity and potential of Snapchat speak for themselves:
350 million snaps per day shared via Snapchat (on a par with Facebook daily uploads)
Valuation of $3.6 billion sought (on a par with Pinterest)
9 percent of all call phone users in the US now use Snapchat according to Pew, which compares to 18% for Instagram
Facebook recently trying to…
For any serious video content creator, YouTube Analytics (YTA) is an essential tool. Using YTA regularly is the only way to assess the performance of your YouTube channel and to see any significant changes or patterns in your audiences’ behaviour. The insights that YTA provides are designed to highlight to creators what they need to do to make better videos. If you are approaching your video output strategically, YTA is your means to regularly assessing the performance of your videos and using those insights to constantly improve your content and audience strategies.
This is an introduction to the main features of YouTube Analytics. The guide is divided into two sections; firstly, using YTA to help you build your audience and secondly, using YTA to improve audience engagement.
The Demographics feature in…
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