This past Saturday I had the pleasure to attend and present at the first AnalyticsCamp at UNC's Kennan-Flagler Business School. I was immediately popular as Capstrat provided the coffee and breakfast (from Fetzko's) for the event. It wasn't nearly as geeky as you might think and amazing to see a couple hundred people spend their entire Saturday discussing analytics.
The emphasis of the Analytics Camp is to bring together all the folks involved with the different silos of analytics under one roof to learn from each other and cross-pollinate with ideas from their different disciplines and experiences. My background is in web analytics, but I got more out of hearing about developments in areas outside of my expertise, which is definitely the point.
The "unconference" had an interesting communal format as attendees propose topics for presentations in the morning and everyone votes which proposals will turn into presentations. It is a somewhat difficult event to prepare for as you aren't exactly sure if your material will make it or not. Luckily mine did, more on that in a minute.
After the voting took place we all broke up into different classrooms to hear about the different topics. Most of the presentations consisted of about 30 to 40 min of slides and then more of an informal discussion with the audience asking questions. For the first session I split my time between Text Analytics & Sentiment Analysis (VoC) and Applied Advanced Analytics for Business Solutions.
Text Analytics & Sentiment Analysis (VoC) was presented by Manya Mayes from SAS and was really interesting as this was one of the fields that is outside of my normal analytics box. The technology being used to mine text and voice to understand patterns is fascinating especially when applied to improving customer service and looking for potential problems. I thought an interesting example was mining the crash data from car accidents and looking for key phrases and correlations to things like 'accerelation' and 'problem' (something Toyota is likely doing right now). With the proliferation of verbatims throughout the internet in forums, social media, review sites, and other avenues, being able to efficiently sift through that massive amount of data and see patterns will increasingly be important for companies to be on the pulse of customer sentiment and allow for quicker resolution to issues. While I was listening to the presentation I couldn't help to think of all the applications that could be enhanced with some of this knowledge such as how a company words information or content on a website, understanding problems before they become bigger issues, or even choosing the right keywords for a PPC campaign.
I also ventured over to hear David Larson from IBM. A few years ago IBM purchased business intelligence vendor, Cognos, and its evident from Larson's presentation and even the recent TV ads that IBM views analytics as a huge growth area. I missed most of the session but one of the most important things I heard mentioned was that their is no recipe for analytics, you have to start with the business objectives and questions. All of these sophisticated tools will spit out data and information but the real trick (and the one most people are missing) is how to ask the tools to give them the data they need to answer the business question. Couldn't agree more. Before sitting down to do the analysis you have to know what you were trying to achieve.
My presentation "Methods for tracking offline campaign through online tools" took place in the second session. This is an area that I am really exploring as Capstrat does a lot offline campaigns and trying to show some return can be more difficult than measuring online campaigns. I presented some tips I've come across in measuring them such as using indirect proxies such as keyword changes, promotional codes, vanity urls, website behavior correlations, and geo-segmentation to name a few. I got some decent interactions with the crowd and hopefully the folks that attended got something out of it.
Lunch was unbelievable, not sure where it came from but easily the best food ever at a conference. SAS totally hooked us up. I got my fill of chicken kabobs and humus with pitas. Also, it was great to see an occasional Capstrat dart being launched across the cafeteria.
After lunch, I headed up to see Adam Covati talk about 'Social Media Impact'. Huge crowd for Adam and I thought he did a great job with his presentation and the attendees were engaged in the topic. Some great points were made about making sure you have goals for your social media, otherwise measurement is meaningless. First set up your objectives whether its getting more emails for a database, growing awareness, avoiding support costs, etc. Excellent advice was given on some specific actions that could be taken and lost-cost tools that can be utilized for measuring social media impact such as using Hootsuite, ScoutLabs, Shortened URLs, Feedburner and others. Its very obvious that the biggest theme that companies are struggling with is how to measure the impact of social media as it came up countless times in multiple presentations and discussions. As a side note and plug, Adam has a new new start-up ArgyleSocial. Go check it out.
Next up was Wayne Sutton with Location-based Analytics: Measuring the Check-in. I haven't had to solve any business problems yet around the growing phenomena of applications like Foursquare and GoWalla, but there were lots of interesting discussions about the ethics and uses for the data you could collect with measuring check-ins. A lot of the conversation centered around Wayne's new startup Tri-Out and the kinds of functionality and issues they are working on to make this type of application both usable for end-users and businesses. From a marketing perspective its great to know who your customers are, when they come, where else they go but how do you reach those folks without completely freaking them out? I didn't say anything during the discussion but was entertained throughout with the smart folks in the room. I think I have a post in the works soon about the measurement and implications of all of this, but need to do some more thinking.
Last session I attended was Nathan Gilliatt's Social Media Intelligence. The conversation was free-form and I agreed with the assertion that right now, social media is sort of on its own island but will eventually be incorporated into existing fields such as public relations or marketing. As for the measurement of social media, Nathan pointed out he believes it will eventually move into the Business Intelligence space as another piece of data that can be used by an enterprise to make decisions. I'd say right now the measurement of this activity is in its infancy, but as tools get more sophisticated in mining text and sentiment (see the SAS presentation above), I can see where this will get roped in.
I hope some of the presentations I couldn't make eventually make it to the web as it was difficult sometimes to decide between 2 or 2 sessions going on at the same time.
By the end of the day I was completely exhausted, but in a good way. Met a ton of great people. Loads of information (and food), but the discussions that took place have gotten me thinking more broadly about analytics and how some of these things fit together. I think the best thing about this unconference is the fact that we can start to build our locale community of people in this field and learn from each other. We all bring a piece of the puzzle to the conversation. By pooling together all this talent I think we can create a very interesting network to tackle the next business challenge, create the next startup, or write the next book. Really grateful to be a part of this and hope it continues.
OK, so I waited a loooooooong time before writing about my thoughts on Adobe's $1.8B acquisition of web analytics vendor, Omniture. I've probably missed the boat on saying anything groundbreaking, but I've wanted to espouse my beliefs ever since it was announced.
I've worked a ton with Omniture over the last 3 plus years and even interviewed with them for some positions recently, so when this showed up over the wire, people were peppering me with questions on what this means. So...I'll try to explore what I think it means and hopefully somewhere in here I have something that somebody else hasn't mentioned before.
Adobe?
This was the hardest piece to figure out at first. It seemed like it came out of left field. I always thought that it might make more sense for a company like SAP, Interwoven/Autonomy, or IBM to be the one to buy Omniture and integrate with their web platforms to create a seamless web ecosystem, where the content and the presentation of that content is based on the data being collected. Think of the Amazon model, where you come to the site and it 'knows' about you and suggests things based on behavior. That isn't done through magic. It's all web analytics and algorithms. Ok, and a little magic thrown in. So for an IBM, you'd throw Omniture on top of Websphere and all of a sudden you have a decision engine integrated with a web platform. Web personalization and delivery become a little easier.
But once I thought about it for a while, Adobe started to make more sense. Adobe wants Omniture so tracking of Flash and rich media becomes common place and tightly integrated. Tracking Flash applications today is not exactly the easiest thing in the world. Once you get the hang of it is not terribly difficult, but imagine if it was already in there out of the box with a few checkboxes to click to turn on. All of a sudden you have can track all the wonderful interactions inside of Flash. Here is something I learned a long time ago, if you can see how things work from a measurement perspective you end up doing more of it and do it smarter/better. The easier it is to track interactive media, the better the end products of marketers and web designers.
I'll give you a simplified view...one of the reasons Google Analytics exists is to drive more Paid Search and Banner ads. Why? Because if you can measure the effectiveness of these tactics you'll end up spending more to drive it. Google gives it away with hopes that it gives you a view into your online campaigns so you do more of them. I am thinking some of the same characteristics exist with this deal. If you can see what is happening with Flash or other Adobe applications, you'll use them more.
Optimization is key
A lot of folks might only use Omniture's SiteCatalyst and not realize that Omniture has bought a ton of technology over the years in the realm of optimization. In fact, over the last year they viewed themselves as an optimization platform, not a web analytics vendor. The notion is that you can leverage the huge amounts of data collected to determine what gets presented to visitors of a site. Behavioral targeting and personalization are possible using some of these tools as they utilize the reams of data to dictate the content, images, messaging, color, whatever you want. A/B and multivariate testing are part of the solution to designing better web sites as well as recommending content or products to visitors who have exhibited certain behaviors either on this visit or on previous encounters. Its pretty awesome stuff and a marketers dream. This is where the web is heading in a big way.
So...take it again into Flash or other rich media applications. All of a sudden you can have Omniture's Test & Target/TouchClarity platform underneath the application to generate different versions of content based on behaviors. This could be used on site as well as in off-site rich media banners for demand generation, especially around retargeting or different messaging based on what site you are on. Imagine if that was all integrated into the tools so you didn't have to think about it, you just come up with the content (no small task mind you). And you track it.
All of a sudden the applications become somewhat self-learning and the content more revelant for the visitors. I am oversimplifying, but I think you get the idea. The Omniture piece creates the feedback mechanism that drives the content through Flash.
Different Businesses
Unlike a lot of mergers where there is often cross-over with businesses and the deal is just to grow market-share, this is a deal that really broadens Adobe's business. Not much overlap with what Omniture does and what Adobe typically does. Theoretically, Omniture will benefit from Adobe's funding and software expertise.
Concerns
My biggest fear is that being owned by a particular web platform will mess up Omniture's agnostic view of web applications. For example, will Omniture devote as much time to figuring out how to track Silverlight applications now that its owned by the guys that create Flash?
Will all the guys that have built up Omniture over the last decade jump ship and Adobe runs it into the ground? I've seen it all too often where a company buys another and all the talent eventually flees or the integration doesn't really fit because of cultural differences. Time will tell.
Implications
As I mentioned before, in theory this might help bring web analytics more into the mainstream as I would imagine this might get embedded inside of all of Adobe's software so that tracking is common place and not an IT exercise. I got to thinking though, if that happens doesn't that open up the door for some level of free web analytics? If it's in the tools, would you have to pay for an Omniture license or is it out of the box? And in that case, does it create different versions of Omniture SiteCatalyst where you have the free bare-bones one that comes with Flash, Dreamweaver, etc, or a pimped-out enterprise version that does everything and costs you something. Is that the way to compete with Google on this? And by being free with the tools, does that grow the usage of Adobe products?
It's possible that Adobe isn't going to integrate it with their products so maybe the above never becomes an issue, but I sort of think integration makes the most logical sense.
So...there you have my thoughts on the situation. What are your thoughts? Did I overlook something? Am I crazy/delusional?
Not sure what life this will take on but I hope to write a lot more often than I do with my current blog Diary of a Madman, which is as often as Halley's comet passes the earth. It's possible that I keep this blog more closely aligned with what I do professionally and the Diary will end up being a hodge-podge of randomness such as what I had for lunch. We'll see. On the Diary I tend to write on the wonderful world of web analytics and will probably transition those sort of posts here as well as occasionally veer into web marketing. Adjust bookmarks accordingly!
My first entry here focuses on my impressions of the Internet Summit that took place in Raleigh last week. Keep in mind these are my impressions and not those of Capstrat (unless we share a collective brain). I don't tend to go to many of these kinds of events other than the annual Omniture rock concert/Summit in Utah, so I don't have a lot to compare this to but I think overall I was a little underwhelmed by the Internet Summit.
From my perspective it was a little too high level for my liking. That doesn't mean it didn't have some value as there are definitely attendees with varying levels of experience and knowledge in this space. If you've never heard of Twitter then this might have been a very educational experience. If you are looking for pointers on strategy, examples of tactics that companies have deployed, or deep knowledge in areas than you probably came away slightly disappointed. I found most of the topics to be a broad overview of what people are doing on the Internet, but nothing tangible that I can use for myself.
Because of the limitations of time and place I didn't get to see all the speakers, but here are the sessions I saw and my take on them:
Keynotes:
I found John Kosner from ESPN to be fairly entertaining and knowledgable and the fact that he's Bill Simmons boss didn't hurt him, as I am a huge Simmons fan. Especially interesting is ESPN's decision to be pipe-agnostic which is a key take-away from his speech. Being pipe-agnostic means that you as a company don't care how people get your content whether its on the web, print, tv, mobile, etc. As long as you check out ESPN's content, they don't really concern themselves with how you do it. That is a escpecially important as it allows your company to be everywhere and mass-consumed. Companies that ultimately wall themselves off and limit how you get content or products are going to stifle their growth because customers want freedom to choose how they receive it. Think of Netflix. By having multiple approaches for how you watch movies they are able to touch more people. Same concept here, let the customers pick. Something the record industry probably should have thought of.
The next keynote I saw was from the CEO of Technorati and it was sort of pedestrian with a lot of data thrown in. A lot of folks I chatted with were not terribly impressed. The one sort of surprising thing was the rising amount of professional bloggers of which I guess I am sort of one now.
Onto the sessions....
Blogging: New Media and Personal Branding:
This session was probably the highlight for me as the speakers were pretty good with Andy Beal (Marketing Pilgrim) and Rick Klau (Blogger/Google) being the standouts. I thought they had good ideas for how to generate more traffic, followers, etc., such as writing a lot and getting linkages. I wish they would have spent more time on measuring social media. It's one of the dirtiest things to measure, success on social media, but I would have liked to hear tangible things they've done to measure ROI or change perception based on companies actively participating in this space. I know a lot of people would cringe about trying to tie social media to objectives but I think at the end of the day you need to have some sort of measure as to whether or not you are doing this well. A lot of folks have mentioning tracking # of comments, followers, subscribers, and rankings as a way to measure but wondered if there is something more.
I suppose that if you have a measure of success such as moving from 10 followers to 100 followers then that is success. But I'd rather measure it against changes in perception (via surveys) or cost avoidance (such as reducing customer attrition or reducing customer support calls). Like the panelists said, it all depends on your goal. So the key take-away...if your company is getting into social media, have a purpose. Don't do it just because it's the 'in' thing to do or just to say you're doing social media. Have a reason and measure against that goal.
As a side-note to social media measurement, I know Avinash Kaushik has a chapter on it in his new book, Web Analytics 2.0. I just haven't gotten to that chapter to absorb his teachings, but you should definitely go buy it here. I need to become an affiliate for Avinash as I tell everyone I know to go get his book. I should at least try to profit it from it.
For personal blogging I think there are more interesting goals. Quite honestly, the more you write and the more passionate you are about particular subjects, significant doors can be opened. Personally, I know my meager blog doesn't get a ton of traffic, but it gets the right kind of traffic, especially in the web analytics space. I've had companies contact me about job opportunities and I've had closer communication with Omniture because of my blog. If I was actually serious about it I could probably get speaking engagements and book/movie deals (I mean wouldn't you want to see a movie about this?). Klau mentioned he blogged so people would perceive him differently and not pigeonhole him. Additionally, someone on the panel mentioned that quantity is not as important as the quality of the people reading your content. Are the right people reading? So the take-away....blogging and blogging well with a purpose can help build your personal brand and get you places such as being viewed as a thought-leader or even a job.
Analytics:
Next on the agenda was the Analytics panel. Obviously, that was of keen interest to me. What was awesome to see is that it was one of the most heavily attended sessions, standing room only. This is important for a couple of reasons...1) the continued interest keeps me employed which is of paramount value 2) shows that companies are starting to grasp the importance of measuring their online presence. Unfortunately, I think we are still in the infancy of web analytics, where a very few companies are actively measuring and, more importantly, reacting to it. Intuition and HIPPOs (Highest-Paid Person's Opinions) still run a vast majority of decision making, but that is going to change rapidly as smart companies view analytics as a competitive advantage.
As for the panel itself, I didn't get the sense that the participants were that knowledgable in this space. That's not to say they aren't, I just didn't hear much that led me to believe it besides Ron Garmon at VueLogic (he was good). As I mentioned before, it seemed like the theme was that you need to measure stuff and test. Basic stuff, but surprisingly few companies are doing it. Why is that?
My take is multi-pronged:
1) Companies think web analytics is hard or you need a PhD in stats to do this which is completely incorrect. The tools are getting easier to use, all you need is curiosity and a will to learn.
2) The implementation of tools is complex and difficult. It definitely can be, as tools like Omniture aren't for the faint of heart, but that is starting to erode or at least has the potential to, see Adobe buying Omniture (more on that in my next post).
3) As mentioned, intuition still reigns supreme despite evidence to the contrary. People want to believe they are right or don't want to hear their baby is ugly. Often companies view their content or website as if it was their child and don't want anyone to tell them it's not the greatest site ever. As a side story, I heard a VP at Ford mention one time they used to internally bet on which banner would get the best results. They were wrong every single time. Lesson is that we look at things with our own inherent bias, instead of how customers view us.
4) Lack of staff with experience or expertise. It really is difficult to find anyone that has any sort of long-term experience in this space and even more surprising is the lack of higher-education programs in web analytics. North Carolina State has the Advanced Analytics program and the Univesity of British Columbia has the Award of Achievement in Analytics, but other than that I can't think of a program that exists. There aren't any teachers to teach essentially. As a side-note, this would be a great opportunity to embed these kinds of courses in an undergrad marketing degree or an MBA.
As for the panel, things tended to stay on the generic side and maybe that was fine for everyone in the room but I wanted someone to get into strategies to solve some of the big problems with web analytics such as campaign attribution, how to pick revelant KPI, or how to measure offline world influencing the online world (and vice-versa). It's possible that the panel setting wasn't the best way to do this and maybe case studies or someone talking about the new developments in the analytics space would have been what I was looking for.
Social Media: Engage:
Quite honestly I missed most of this session because I decided to take a walk down Fayetteville St and get a bite to eat because I am crazy about what I eat and couldn't dine on the food provided. I wish I would have seen more of it because I do think its fascinating about the phenomena around people sharing things with each other. Of course, I love to measure the effect of that behavior as well. Smart companies are making it easier for people to share stories, content, links, etc in a multitude of ways such as Digg, Facebook, Del.icio.us, Google reader, etc. The key to that is not just enabling the ability to do so, but actually creating something that someone would want to share. I really believe companies (and people) lose sight of the fact that, in order for things to be shared, there actually has to be something interesting/important to share. Sounds simple, but it's often overlooked.
Online Advertising Strategies:
This to me was one of the more disappointing sessions as there was no strategy to be found. It literally was an overview, and a fairly shallow one at that. I should have taken more notes, but literally it was basic tactics like Paid Search. I would have loved to hear how a company like Expedia looked at how all their tactics work together to generate sales on Expedia. For example, how do they evaluate where to spend money in advertising in a media-mix? Do they understand the effect of banner ads on their paid search? Those are the kinds of strategies I wanted to hear discussed, not that companies need to do Paid Search and then banners and so on down the interactive marketing food-chain. Even with banner ads, what kinds of things are they doing such as multivariate testing with different creative approaches or retargeting? Just needed more depth instead of the basic "here are things to drive traffic to your site".
Online Video Discussion:
Stepped out of my area of experience and ventured over to hear about video. I don't know much about this space but thought the speakers were entertaining, especially Max Haot from Livestream. Again to rehash a point, being able to distribute media across multiple outlets is more important than walling off where people view the content.
Twitter/Real time:
Its very possible I missed some valuable insights by this point in the day as it was getting late and my caffeine buzz was deminishing. Nothing terribly revolutionary here but somewhat informative to learn of some new business ventures using Twitter as a platform such as Twitpay and Spitter. What I can't figure out is how those ventures are going to make any money. More importantly with Twitter is whether or not the real-time search stuff eventually screws the Google search monopoly. Twitter has a crazy amount of traffic and searches, wait until they start monetizing it. I am not a huge user of Twitter but I do use it for finding out whether or not people have the same problem I have with software vendors or other products. Example, if I create a support ticket for Omniture, it might get answered in a week. Do the same thing in Twitter and I have a response from either Omniture or another user in like an hour. The ability to have problems or issues amplified and searchable is going to completely change the nature of customer support. Companies that are listening and reacting build up trust and credibility as well as learning insights about their customers.
Coda:
Its very possible that I don't understand the intent of the conference. Maybe it is designed to just give an overview and not get into specifics. Maybe it's just a place for vendors to showcase, job seekers to meet people, or an excuse to hang out at the new convention center all day (which is fine as well), but I was looking for things I can take back to my company or clients and use. I wanted to hear of something I hadn't considered or can easily read about. My suggestion is to potentially have less panels and more demonstration on what companies are actually doing on the web and get underneath the overview and dig into strategy. Sometimes seeing is the best education, I just didn't see much that caused me to write down something to check out later. I know this conference is in its embryonic stages, but I hope to see the topics explored a little deeper next time. I think the Internet Summit can become a really valuable event, it just needs a little fine-tuning.
If anyone has other insights or take-aways from the session, especially the ones I didn't post about, please feel free to add in the comments. Or call me an idiot for anything I've written above. But if you are going to call me an idiot, please have proof.
Looking forward to posting more soon.........