This is the first of a series of posts where we will ask some top influencers in the Digital Analytics space to share 3 KPIs or Charts/graphs/breakdowns they find particularly valuable for digital marketing or e-commerce management. Essentially, which indicators do they always rely on for the best marketing dashboard.
KPIs/Charts may be important to our guest because she/he has had an unforgettable experience when working with them, or because they find them extremely useful, or inventive.
Our guest today is no other than Stéphane Hamel (his bio follows at the bottom of this post). Our questions to him were simple: name 3 KPIs/charts and tell us how you calculate them, explain where you would apply them, and why they are special to you.
There are plenty of resources that will suggest ‘the top KPIs’ for a given type of business. Simply ‘borrowing’ KPIs from others is a mistake. Determining the best KPIs for your organization is a rigorous process that involves a thorough understanding of the customer lifecycle, business objectives, your realm of influence, data quality and richness and more. Since you can’t optimize what you can’t control or influence, KPIs should reflect your ability to move the needle.
Here are three KPIs that may be used as a starting point:
How do you know if you have a good KPI?
Stéphane is well-regarded as an industry expert in the digital analytics space. His knowledge and thought leadership has been recognized by the Digital Analytics Association and he was named Most Influential Industry Contributor in 2013. He is the Director of Innovation with Cardinal Path and drives the creation of leading-edge enterprise solutions and digital measurement strategies designed to deliver maximum value and insight to clients.
Not Another Dashboard.