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Understand Trends
Analytics allows you to see customer activity across your platforms. Seeing threads of activity
can highlight certain patterns of engagement that when met with a design developed to
support them gain even more traffic. Predictive analytics aids in forecasting future trends in
activity, enabling business decisions about new direction to be backed with comprehensive
statistics.
Find Opportunities
Analytics reveals everything that consumers are searching for that relates to your industry.
Even if you do not provide access to some of these demands, this aspect of analytics helps
orient your strategy’s direction toward where the consumers want it to go. This assures
productive growth; instead of guessing what customers want, you will be able to foster an
informed transformation within your company.
Competitor Assessment
Because of how competitive markets have become, marketing analytics is essential to keeping
up with rival companies. Analytics provides a means of tracking where your competitors excel
and exactly how you stack up against each other. You need to know what defines success in
your industry and rank the contributing factors to see which should become a priority for you.
In addition, your competitors are most likely using analytics to create the most efficient
platform that they can. Why shouldn’t you?