27

May

By Dennis R. Mortensen
Analytics – and Choosing your optimization goals (Slides)

I Just returned from Madrid, where I did the keynote at the wonderful web analytics conference, practitioner web analytics. The conference was announced and promoted as a conference for data driven professionals – which I took very literally and went all in, with a rather geeky presentation (at first sight). I do believe though, that choosing your optimization goals is not taken as seriously as it should be, by most analytics teams (whether internal or external).

My primary point is that, in any optimization activity, you must serve the overall purpose of the organization – and if so, can you honestly say that your optimization goals are KPI duplicates? and if NOT KPI duplicates, can you confirm them as KPI derivatives? And if NOT KPI derivatives, you must certainly be able to confirm them as KPI derivative proxies ?

If none of the above, then I believe it is fair to say that the further away your optimizations goals are from your organizational KPIs – the higher the risk of applying direct harm. (turning decent marketing initiatives into organizational de-optimization exercises).

My conclusion was (is) that you want to create marketing scenarios, where you can predict an organizational aligned outcome with a high level of confidence.

Find my slides below (which of course doesn’t do justice to my presentation, as the text is only pointers to the subject). Anywho, thanks to Andres, Luz, and team for a splendid day in Madrid (*even with the challenge of a power outage, mid-presentation)

Cheers :-)
/ Dennis (@dennismortensen)

  • Jen

    What could I do or say to convince you to make that a podcast? :)

  • http://visualrevenue.com/blog Dennis R. Mortensen

    ha.. home alone, in the dark, is a tad more difficult than with an audience (for me at least).
    - I will repeat this at New York Internet Week in June, AND I think they might record it. I’ll update the post if that happens.

    d. :-)

  • http://www.AnalyticsImpact.com Ophir Prusak

    Hi Dennis,

    Looking forward to hearing you at NYC Internet Week.
    1. When is your presentation going to be?
    2. Any other “must see” presentations / events you’d recommend for web analysts at Internet Week?

    Thanks
    Ophir

  • http://practitionerwa.com Andrés Flores

    Hi Dennis,

    It was great having you at PWA2010, in a way I think the power outage led the audience to a concentration spot where they had to concentrate and focus solely on your message ;) (Although you had really worked a quite sober set of slides).

    I must say that I found your presentation to be the most actionable of the 1st day. This is something I really appreciate since I’m really concern with people coming back to their workplaces and getting things moving the following weeks to the event.

    Good luck at the NYC Internet Week!

    Thanks!
    Andrés

  • http://visualrevenue.com/blog Dennis R. Mortensen

    >>I must say that I found your presentation to be the most actionable of the 1st day

    Thanks Andres, much appreciated. The keynote did look a tad eccentric to begin with, but I am sure most people could see the importance in this subject by the end. Sorry I could not stay in Madrid any longer. Perhaps another time.

    Cheers
    d. :-)

  • http://visualrevenue.com/blog Dennis R. Mortensen

    Hi Ophir,

    1. June 16th 13:30 – http://www.the-dma.org/conferences/dmdays10/
    2. I am just going through the program myself these days (so beyond the obligatory industry get-togethers – I am yet to plan my own week)

    Have a great weekend
    d.

  • Pingback: Visual Revenue | Choose Daily Unique Article Views – over Page Views