With the sheer scale of big data, churning out printed reports or producing dashboards is simply not enough to meet the dynamic demands of real-time marketing and decision support.
We all have our stereotypical view of the data analysts. A bit nerdy perhaps, highly intelligent, and that pale skin tone that comes from long hours under the office lights. Most of all, it is almost impossible to understand anything they tell us. How wrong this is! Data analysts are the marketing superheroes of the 21st century.
We are awash with data; wherever you go, shopping, travelling, communicating, you create data about yourself. Whatever you do online, you create a trail of exhaust data. To give you a feel for the scale of this, and assuming you make it to the bottom of this page, in the time it takes you to read this article, consumers in Hong Kong will have generated almost 23 Terabytes of data about themselves. That would need over 1,400 iPads to store all that data, and that's in just 10 minutes if you are a slow reader like me. Welcome to the world of big data.
Big data is not just big, it is huge and it needs different approaches as to how it is analyzed, processed, and presented to the people who need it to understand and make decisions. We need some pretty special people to help us make sense of it all. With the sheer scale of it, the dynamic demands for real-time marketing and real-time decision support, churning out printed reports or producing dashboards is simply not enough.
Visualization is the art of representing what the data tells us - what's really happening simply and beautifully. Not just one or two dimensions, say as a chart, but in three or four dimensions, like time. Or insights overlaid onto a different world of images, videos, maps, and augmented reality. This does not just allow a marketer to interpret something that is very complex, very simply. But it also starts to create a more emotional connection with her and the customer as it conveys and articulates a story.
Storytelling, emotions, visualization; aren't they words that are normally bounced off the walls of the creative studio? Precisely! And that is our first clue as to what sort of skills we need for the future. Just as we have always expected a creative director to get into both the heart and mind of the consumer, we now need our analysts to do the same thing. Joining the dots and connecting our insights with that customer, what will make the customer laugh, smile, jump with joy, and of course buy something.
In the future, on top of all the skills we have always expected our analysts to have - the coding skills, the SQL, the advanced mathematics - our data superheroes are going to need to have a lot more of the following sorts of characteristics:
So just where will we find these amazingly talented people? Probably, all around us. Your current analytics team would be a good starting point. Many teams are not organized, managed, or motivated to encourage people to display this sort of capability. Changing the way they work and contribute would likely unlock some of these hidden strengths as surely as spinach does it for Popeye.
All around us we see skills like this, but these people just don't currently do data. Building a little bit of simple analytics into almost everyone's job description and then sitting back and watching will soon help spot natural talent that can then be cultivated and developed. And as a spin-off benefit for everyone else, they will learn a profound respect for the art of data, what it can do, and those amazing people who make it happen.
Talking about data visualization in a written article might not make an awful lot of sense. Apologies for that, but this video will hopefully give you a far better feel for what the outputs of this brave new world will actually look like and you'll even get to meet some of these data superheroes and see them in action.
Image on home page via Shutterstock.
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Stephen Hay is Asia Pacific regional director for ICLP, the award-winning global loyalty and customer relationship management (CRM) agency. Stephen came into loyalty at Cathay Pacific when e-mail was still something that people in research labs used to send to each other and direct mail was still king.
ICLP works with some of the world's leading customer-focused brands, including Cathay Pacific, Mandarin Oriental, and Juniper Networks; looking to bring brands and customers closer together into a more mutually beneficial and more profitable relationship. Stephen takes a customer point of view on almost everything, not always universally popular, but proven time and again to be the basis for a sustainable, profitable, long-term relationship.
Hong Kong, May 5-6, 2015
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