277 notes tagged as ["data analytics"]
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This playbook explores consumer data insights, hyper-personalization, omnichannel tactics, loyalty strategies, and CPG brand success examples.
To win in a highly competitive and cost-conscious market, today’s CPG brands must deliver hyper-personalized campaigns that resonate with shoppers and align with their ever-changing preferences. But how can brands accomplish this successfully? By learning how to collect and understand the right consumer data.
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Even though e-commerce is a fast-moving business with fleeting marketing opportunities, advertisers typically employ traditional demographics and other static characteristics to target consumers. These don’t reveal what a shopper is doing or where they are on the purchase path. They also cause missed opportunities and wasted impressions when ads get served long after purchase.
Millions of online transactions occur each day and produce a lot of data. When viewed through the proper lens, those data points are organized into commerce audiences to predict the shopping behavior of today’s post-pandemic, tech-enabled, buy-anywhere consumers.
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The success of your business depends on how well you engage your customers. Highly engaged customers are more likely to buy from you and stay loyal to your brand. So you should stay on top of your customer engagement metrics to improve various aspects of your performance. This includes everything from the content you create to the customer care you provide.
This post breaks down some of the key metrics you need to track to understand customer engagement. Use this to find out the metrics that matter and how you can measure them.
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eCommerce optimization
Social media and digital marketing have fundamentally changed how we do business. While online shopping was once a niche alternative to brick-and-mortar commerce, it is increasingly becoming the preferred method of shopping for a growing segment of the population.
Almost 21% of retail purchases were made online in 2023, a figure anticipated to increase to 24% in the coming year[1]. Simply put, the eCommerce space is rife with opportunity and competition—largely dominated by eBay and Amazon—and in order to best capture and convert leads, businesses are prioritizing their eCommerce platforms to maximize sales.
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Black Friday 2024 marketing data in review
Retailers and brands have faced a challenging 2024, making a successful holiday season more crucial than ever. According to Adobe Analytics, online shoppers spent a record-breaking $10.8 billion this Black Friday. The biggest retail event of the year gave Listrak’s savvy clients an opportunity to outperform the competition and win consumer dollars with AI-powered, hyper-targeted, omnichannel messaging. Our experts have crunched the numbers and analyzed retailer strategy and results in order to bring you an informative recap of our Black Friday retail marketing data.
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Navigating the ecommerce evolution
Ecommerce is evolving at lightning speed. To thrive, brands are staying agile by tracking trends, analyzing customer data and embracing new technologies – think AI and social commerce. Recently, BigCommerce and Retail Dive’s studioID surveyed 155 retail executives from industries, including fashion, electronics and manufacturing. These leaders, from companies with revenues ranging from $1 million to over $1 billion, shared how they’re navigating the shifting landscape and using innovative strategies to meet changing consumer demands.
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Getting closer to the truth
There can be big discrepancies between what people tell us in surveys and the truth. Due to various motivational factors, respondents tend to over and under claim when giving certain answers. In this paper, we explore why people lie, and what you can do through question design to reduce dishonest and biased answers.
Consider carefully pre-filtering respondents, asking questions in better ways, and effectively priming respondents to give more honest answers. We also present research-on-research findings from various experiments conducted in recent years.
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Social media measurement: 15 key insights and how to get them
Find out how social measurement can drive real results for your business when you use the right metrics and tools. Social media measurement is all about using data to make informed decisions that support and align with business goals. In this post, we’ll explore how social measurement can drive real results for your business.
Key takeaways
Social media measurement involves tracking social metrics using analytics tools to assess the success of your social strategy and how it aligns with broader business goals.
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From online to in-store — powering personalized retail journeys
Retailers are challenged to deliver connected customer experiences across touchpoints, but they often lack data integration from these channels and cohesive communication across teams. This results in missed opportunities to provide a cohesive and personalized shopper journey. With disconnected data management, retailers risk delivering inconsistent messaging, confusing promotions, and disjointed experiences that deter customers from converting and becoming loyal brand advocates.
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9 Ways to get real feedback from consumers
Explore how empathetic survey designs can elevate the data you collect from the people who matter most to your brand - driving better data-driven decisions. Dive into the world of empathetic survey design with our comprehensive guide with research-backed advice. Discover how to connect on a deeper level with respondents, collecting authentic and nuanced data that traditional surveys often miss.
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Transforming Consumer Goods with Data Driven Intelligence
This research not only includes forecasts, but best practices, some case study examples and key insights for which areas of the income statement will be most impacted by AI. Whether it is AI/ML or generative AI, the transformation of the grocery industry is no longer a future concept; it is happening now. With the convergence of technology, data, and the evolving needs of consumers, the industry is at the brink of a revolution, and artificial intelligence (AI) and machine learning (ML) are at the core of this change.