Monday, December 23, 2019

The Analysis Of Qualitative And Quantitative Data Of Your...

â€Å"The analysis of qualitative and quantitative data of your website and your competition to drive continuous improvement about your digital presence your customer needs and prospects which translates into fabulous desired outcomes both online and offline for your business that’s more of formal definition of web analytics.† - Avinash Kaushik Author, Digital Marketing Evangelist Web analytics is not about just logging into google analytics, Facebook insights, adobe web trends or IBM and analyzing all the quantitative data you have related to the clicks and that is a big component of analytics all about. But it’s also about answering question about why people do what they do and that’s what sort of qualitative analysis around surveys, usability tests and those things come into equation where the cool thing about the web is not only that you can analyze your own performance. You can actually analyze how your competitors are doing. If you are competing with somebody on the web, you can go and get their data and understand how they are successful or not and learn lessons what they are doing and go figure out how to change your strategy in turn. In short, if I summarize few points to define web analytics: †¢ Qualitative and Quantitative Analytics Web Analytics is about qualitative as well as quantitative data †¢ Competitor data It’s possible to analyze your competitor’s data and compare it to your own †¢ Customer intent Web analytics can also reveal how hesitant or eager visitors areShow MoreRelatedQuantitative Methods for Business Paper1652 Words   |  7 PagesKent Jackson 11AM-12:20PM GB 202 Quantitative techniques are mathematical and reproducible. Regression analysis is an example of one such technique. Statistical analysis is also an example of a quantitative technique. Quantitative techniques are applied for business analysis to optimize decision making IE profit maximization and cost minimization. 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