What is Marketing Analytics
Marketing analytics determine and monitor marketing metrics that are vital to the success of marketing campaigns. Without the use of these numbers, it would be impossible to accurately assess the effectiveness of a campaign. The data derived by marketing analytics is useful to measure the progress of a campaign as well as its effectiveness in reaching its target customers.
Data derived from marketing analytics is also used to adjust methods and targets mid-campaign. These adjustments are to be expected. It is essential that any company conducting such a campaign be sure to develop a refactoring process to assess and refine marketing campaigns.
Marketing analytics are also useful in developing strategy and methods for future campaigns. Data from past campaigns, both successful and underperforming, are considered when developing tactics for future endeavors. Without the data that marketing analytics provide, companies would be unable to learn from the successes and shortcomings of previous projects.
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