Monday, January 28, 2013

Social Search in the World of Web Analytics 2.0


The social network and the media at large have been buzzing ever since Mark Zuckerberg announced his latest fore into the world of search. His new tool called Graph Search is putting a new spin on web searching. In the world of 2.0 web analytics, this announcement is creating a schism within the search engine network. 

Search engines such as Google, Bing, Chrome, Yahoo, and Facebook are all fighting for market dominance. Figures compiled by Experian revealed that Google’s share of the search market sector dropped to its lowest level in five years during 2012 (Loveridge, 2013). In comparison, the Microsoft Bing search engine’s year-on-year market share increased by 1.15 per cent from 3.84 to 4.99 per cent (Loveridge, 2013).

Bing and Facebook’s Graph Search tools leverage algorithms that help users socialize their search process. “Microsoft Bing could continue to erode Google’s market share lead due to its widespread device availability and the recent announcement that it was to partner with Facebook for its new Facebook Graph Search tool.” (Loveridge, 2013) “While Bing optimization should already be a basic component of most digital marketing plans, it often overlooked. Clearly, being found in a Bing web search is important now and may increase in importance as Graph Search is rolled-out to the masses.” (Wedu.com, 2013)

Mark Zuckerberg believes, “Graph Search and web search are very different. Web search is designed to take a set of keywords (for example: “hip hop”) and provide the best possible results that match those keywords. With Graph Search, you combine phrases (for example: “my friends in New York who like Jay-Z“) to get that set of people, places, photos or other content that’s been shared on Facebook. We believe they have very different uses.” (Wismer, 2013)

Graph Search puts the focus back on likes instead of metrics based outcomes. “If Graph Search is successful, it will be more important that your page is liked by the friends of a person searching for your product or service.” (Wedu.com, 2013) This is a vast change from the clickstream analysis Web Analysts currently leverage. Instead, of analyzing building block metrics such as page visit, sessions, and bounce rate; social search is more concerned with the tastes and whim of the social network, which is much harder to predict and analyze because of their unpredictable nature. Digital marketing as a practice will also have to adjust to accommodate the new social search enterprise.

Because search is a key part of any company’s acquisition portfolio, Avinash Kaushik author of Web Analytics 2.0, is a proponent of pouring a lot of resources into optimizing websites to show up optimally in search engines for relevant queries (Kaushik, 2010). This is all well and good, but how will the schism between social search and web search affect a web analyst’s ability to improve search results for websites? Will web search be absorbed into social search, or will a web analyst have to navigate and improve results across two diverse search engines? Only time will help reveal these unanswered questions, but it seems that Web Analytics 2.0 is transitioning into Web Analytics 3.0.

Retrieved

Wismer, David. (2013). Zuckerberg: ‘FB’s graph search is really neat stuff, but will take years’ (and other quotes of the week). Retrieved January 28, 2013 from

Kaushik, A. (2010). Web analytics 2.0: The art of online accountability & science of customer centricity. Indianapolis, IN: Wiley Publishing.

Loveridge, Samantha. (2013). Google search market share hits five year low. Retrieved January 28, 2013 from

Retrieved January 28, 2013 from
http://blog.weduhosting.com/blog/wp-content/uploads/2013/01/wedu-fb-graph-search-infographic.jpg

Sunday, January 27, 2013

Web Analytics 101


A website helps to facilitate an on-going dialogue between a customer and a company. In the ever-changing landscape of the semantic web, brands should now more than ever look for ways to quantify their web presence. 

Peter Drucker, the father of business management believed, “What gets measured, gets managed.” (Dykes, 2012) By making the financial investment in leveraging web analytics tools, a brand’s website would then be something worth managing. Having a website for the sake of having a website provides no return on investment if a customer is not able to successfully navigate the site. 

Instead, by establishing sound business objectives and key performance indicators, companies would be able to holistically examine both successful and failing web practices against web analytics data. Every decision regarding the state of a brand’s website should, in the age of the semantic web, come down to what the metrics reveal about a customers journey. The days of guessing and flying blind no longer exist and brand needs to leverage all the tools and resources available in the world of 2.0 analytics.

According to Avinash Kaushik, author of Web Analytics 2.0, “Metrics are the reason we call the web the most accountable channel on the planet.” (Kaushik, 2007) Metrics come in many forms, and Kaushik defines the building block terms as: page, page views, visits, unique visitors, new visitor, repeat visitor, and returning visitor (Kaushik, 2007).

The four attributes of great metrics, according to Kaushik should be uncomplex, relevant, timely, and instantly useful (Kaushik, 2010). Any metric revealed during a web analysis becomes part of a cyclical process where the analyst does the following: reports, analyzes, decides, acts, and reacts (Universem, 2013). 


Image from http://www.universem.be/en/our-solutions/web-analytics/
During the analysis process of a single web page, the bounce rate metric could reveal investment in flashy imagery and promotions might not be worth the time and investment. Kaushik refers to a high bounce rate as, “I came, I puked, I left.” (Kaushik, 2010)

A poor website experience would leave a bad taste in a customer’s mouth. By examining the bounce rate metric an analyst would be able to teach the brand valuable missed opportunities. Correcting page flaws is all part of the acting and reacting stage in the web analysis process. By partnering with a web analytics subject matter expert a brand would be able to move the needle further. Instead, of focusing on vanity metrics such as likes, or followers a brand should instead focus on outcomes. 

According to Kaushik, in this digital age, outcomes are the future of web analytics reporting (Kaushik, 2010). As new development technologies like responsive design continue to change the landscape of the semantic web, a website needs to be able to deliver engaging content across multiple devices. A website is still a catalyst for engagement but with the integration of social media a brand is constantly trying to predict the needs of their customers on an 24/7 basis. Web analytics helps to provide a road map that quantifies what needs to be managed and prioritized by an E-Commerce team. 





Resources

Dykes, Brian. (2012). 31 essential quotes on analytics and data.
Retrieved January 27, 2013 from
http://www.analyticshero.com/2012/10/25/31-essential-quotes-on-analytics-and-data/

Kaushik, Avinash. (2007). Web analytics standards: 26 new metrics definitions. 
Retrieved January 27, 2013 from
http://www.kaushik.net/avinash/web-analytics-standards-26-new-metrics-definitions/

Kaushik, A. (2010). Web analytics 2.0: The art of online accountability & science of customer centricity. Indianapolis, IN: Wiley Publishing.

Retrieved January 27, 2013 from http://www.universem.be/en/our-solutions/web-analytics/