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Showing posts with label Cohorts. Show all posts
Showing posts with label Cohorts. Show all posts

Friday, March 13, 2015

Following Tableau 9 Beta

This week attended an overview of Tableau 9,0  Nicely done global streamed user meeting.  I have yet to try the Beta myself. Impression based on the presentation.

I much like the use of the phrase 'visual analytics'.   Visualization is analytics, and all analytics should start with visualization of data.

Overall they are basing their changes on the ability to establish 'Flow'  (The psychology theory of Mihály Csíkszentmihályi ) when analysing and visualizing the data.  Good idea, but this depends on the kind and needs of data and decisions being addressed.  I am all for easy of use via Flow.

Quite a few new ways to select data points on maps, which for certain kinds of analyses can be very useful.   The selection methods are quite intuitive.

Showed the integration of simple analytic, like regression based forecasting.  Easy to overlay on existing data.    Well done, but still a minimal amount of analytics.  When comparing it to other visualization packages like Spotfire.

I like very much what they have done with being able to derive level of detail (LOD) variables.  This is a very powerful concept, an excellent way to do some kinds of analysis, like Cohort methods.  But at the same time it takes you away from the purely visual interaction with data.  It is nice to know it is there, but it also gets you into the weeds of analysis.  The average non analytic user may be confused. They have a white paper coming on its value and use.  ( Will place link here ) Good

New kinds of data cleanup, meta data inclusion, ability to manipulate the data during its ingestion. Data that is strangely arranged or poorly pivoted in its original form. All good ideas that should prove useful.  Lots of times you just want to get the data in cleanly for ready use with a minimum of effort.

Look forward to getting my hands on this, which should be very soon.

Friday, February 21, 2014

SNCR Millennial Report Abstracts

SNCR Supported Study ....  (Society of New Consumer Research)

Millennials are leading the social commerce movement. They are more likely than any other group to like/follow/pin companies and brands. They are enticed by coupons and discounts, purchase hair/beauty products and apparel, often using mobile phones and tablets. They are multi-channel shoppers, buying both online and in-store. This cohort is active online in ways that allow them to connect, organize and stay informed and shop.  ...  by Dr. Nora Ganim Barnes, Ph.D., and Ava Lescault, of the Center for Marketing Research at the University of Massachusetts Dartmouth. Dr. Barnes is a Senior Fellow and Research Co-Chair of the Society for New Communications Research.

Key findings of this study include:
- Facebook is the most popular platform among Millennials when looking to interact with companies/brands online.  Sixty-two percent of respondents currently like at least one brand on Facebook.  Twitter has 23% of respondents following a brand and Pinterest has 11% of Millennials pinning a brand (Nike is the most liked/followed brand). 

- Across all platforms, the top reason why Millennials ‘like/follow/pin’ is to support a brand.  Being unlike any other generation, Millennials pick and choose not only which information they will be exposed to, but also how the information is delivered.  By liking/following/pinning a particular brand they support, Millennials are customizing their exposure to advertising based on their preferences.

- Of those who reported they had never purchased something after liking, following or pinning it online, offering a coupon or discount was the most frequently cited lead conversion tactic for Millennials.  Respondents indicated this is the top motivator leading to a sale.  Similarly, Millennials indicated that companies giving exclusive offers or appealing to their interests were more likely to see an increase in sales as a result of online interaction.

- Relative to users of larger platforms, Pinterest has the highest sales conversion rate.   The user-friendly highly visual design of the website facilitates information search and evaluation of alternatives.  Pinterest makes the transaction process flow with optimal ease for consumers. 

- Facebook, Twitter and Pinterest contribute to both online and in-store purchasing.  Seventy-seven percent of Facebook users, 66% of Twitter users and 63% of Pinterest users are multi-channel shoppers.

Full Study Report