« Echo Boomers Generation Invading Search | Main | eMetrics: Beyond Reporting: Using Excel and other everyday tools to explore data by Chris Gemignani, Juice Analytics »

October 21, 2007

eMetrics: Web Analytics 2.0 with Eric Peterson

By Alex Cohen

Anyone in the analytics community knows Eric Peterson.  He's an author, blogger, consultant and general advocate for the community as a whole.  Having recently struck out as a consultant, Eric is now vendor relationship free and spreading the gospel about web analytics process and, at this particular session of eMetrics, Web Analytics 2.0

There was a time when the complications of an analyst were centered around more finite challenges like cookie deletion.  But in a world of user generated content, an entire web experience inside one "page view", automated agents executing JavaScript, content distribution through XML and RSS feeds, and non traditional browsers like iPhone and Blackberry, you can see how the analyst's life has become a bit more complex.  Eric notes that the markers of web analytics 2.0 are quantitative & qualitative, it captures multiple browsing sessions, measures content distribution, complex event tracking, data from multiple sources, focused on data analysis & optimization, and visitors are persistent as individual indefinitely.  This isn't simple page or logfile analysis, it's a "website optimization ecosystem".

Within that ecosystem, web analytics 2.0 is meant to address actions and measures in both the traditional quantitative sense (web analytics, testing and targeting) and the qualitative sense (voice of the customer, personalization).  For each stakeholder, designer or blogger, programmer or marketer, it's a lens to focus on the question, "How is my site helping or hurting my customers and prospects?"

For some businesses, web analytics 2.0 can include a measure of engagement, currently a hot topic in the analytics community.  "There is no universal measure for engagement," says Peterson, but he did use his own company's site to demonstrate one way to tackle the measure (originally mentioned here).  He suggests this equation:

Ericpetersonmeasuringengagement



Ci - % of sessions > 5 page views
Ri – % of Ci in the last 3 weeks
Di - % of sessions > 5:00 in duration
Li = Visitor > 5 sessions total
Bi = % of “brand driven sessions
(e.g. "If you Google Eric Peterson and come to my website, you are already engaged OR from visitors that come directly")
Fi = % of qualitative feedback sessions
Li = % of sessions w/measured events
(e.g., Pre-determined non-commerce events (email me, comment on my blog, download a pdf, share a social bookmark)
Si = Visitor is a blog subscriber?

The formula uses no weighting, except 1 or 0 for Li or Si.  The point of this equation is not that it's the exact thing that matches your company's needs, but rather that it gets you thinking about what will be measured, how and why.  Eric ended his presentation with a teaser about mobile measurement, but that's another problem for another conference.

For Search Marketing Gurus, Alex Cohen of Digital Alex.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfb1a53ef00e54efbfbbf8833

Listed below are links to weblogs that reference eMetrics: Web Analytics 2.0 with Eric Peterson:

Comments

Hey Alex, thanks for interviewing me! I just published a full post on measuring engagement on my web site:

http://blog.webanalyticsdemystified.com/weblog/2007/10/how-to-measure-visitor-engagement-redux.html

I welcome your and your readers feedback on the post!

Thanks again,

Eric T. Peterson
http://www.webanalyticsdemystified.com

The comments to this entry are closed.

Get SMG Today - Free!

Get SMG by RSS What Is RSS?
Get Search Marketing Gurus Today via RSS! Add to Google Reader or Homepage
Add to netvibes
Get SMG in Your Bloglines
Get SMG in Your NewsGator Online

Get SMG by E-Mail
Subscribe to SMG via Email
Enter your email address:


Delivered by FeedBurner

SMG Conversations

If You Like SMG Favorite Us on Technorati!
Add to Technorati Favorites
If You Like What SMG Has To Say, Joins Us At These Places!
Subscribe on YouTube to SMG's Videos
follow Li on Twitter
Follow Li on FriendFeed




Copyright 2006, 2007, 2008 SearchMarketingGurus.com