As we’ve helped our clients grow their digital marketing, we’ve seen many cases of data being corrupted, shipwrecked, or just lost at sea. But while the disasters can vary widely, we’ve found that just about every data-related frustration stems from one or more of these terrors.
As marketing tools and platforms have proliferated, they haven’t just increased data by addition, they’ve multiplied it, often by covering the same actions in slightly different ways. These are just some of the data sources your department might use:
Some metrics have a real impact on increasing revenue, efficiency, ROI, and ROAS. Vanity metrics, however, don’t. They might sound good on the surface, but at best they distract from more important metrics, and at worst they distort actual performance and hide deeper problems. Vanity metrics can include ad impressions, social followers, aggregate document downloads—anything that can be counted but doesn’t really count.
Every data system behaves differently: it tracks things differently, reports events differently, defines metrics differently, even exports into spreadsheets differently. Everyone who’s involved with data must understand these functions of every system your department uses. Most importantly, they should all know what it takes to break each system, what its limits are, and how to use it most efficiently.
Data has its own set of languages and customs, which can vary greatly from company to company. However, the languages and customs must be consistent within the company, so everyone who handles marketing data understands what it means, and data is talked about regularly—not just the numbers, but their strategic importance as well. A data-driven culture drives greater understanding, better decision-making, and higher returns.
Sometimes, the problem is within the data itself. Bad data could arise from any number of circumstances:
If any of these sea monsters are lurking within your company, you shouldn’t trust your data, at least not in its current state. But don’t worry; next week, we’ll show you how to defeat these monsters and get clean, trustworthy data.