Not at
all. It’s never a challenge anymore to get customer data. We are living in an
era of big data. Consider the facts given below. Here’s the amount of data
created in major social media channels. In every sixty seconds,
- 448800 tweets in Twitter
- 65972 videos in Instagram
- 3.3 million posts in Facebook
- 29 million messages in Whatsapp
Thanks to
Smartinsights.com for the numbers. In such scenario, there is no dearth of
data. The challenge is always in analysing the data that is accumulated.
And analysing
the accumulated data is the best way to know more about your customer. And
that’s the sure-shot way to improve your business.
So do you
know the analytics behind your customer? Here are a few factors to know with
regards to the topic. And it’s your key to knowing your consumer better.
After all, Why Does it Matter?
Still
doubtful about why customer analytics matter? Well, it’s becoming the backbone
of marketing activities these days.
Your
customers are more connected now. They think twice, and more, before buying
product. And they are fortunate enough to have access to a lot of information.
So, it’s
extremely important for you to have insights about customer behaviour. When you
have deeper understanding about the customer, you can rework on your marketing
strategy. And delight the customers as
per their expectations. Retaining your customer and maintaining a long-term
relationship would not be a stressful task then.
Let’s Understand a Bit about Behavioural Analytics
It’s all
about using data analytics to derive insights about the actions of people. As
Wikipedia defines it, behavioural analytics is a recent advancement in business
analytics that reveals new insights into the behaviour of consumers on
ecommerce
platforms, online games, web and mobile applications, and Internet of Things.
To put it
in simple way, behavioural analytics helps you to understand how consumers act
and also why they behave so. At the end of the day, you can make informed
decisions and adapt to the changing times.
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