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Digital Marketing

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Submitted By nishthajakhar
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Pages 10
HOW TO DEVELOP A
MEASUREMENT FRAMEWORK
THAT DELIVERS BUSINESS INTELLIGENCE

A SIMPLE STEP BY STEP GUIDE
TO BUILDING REPORTS THAT
ACTUALLY ALLOW BUSINESSES
TO MAKE ACTIONABLE INSIGHTS

PAGE 1

INTRODUCTION
HOW OFTEN HAVE YOU LOOKED FOR REPORTING AND ANALYTICS TO GET BUSINESS
INTELLIGENCE AND HAVE END UP WITH MOUNDS OF DATA ON EXCEL SPREADSHEETS?
MORE OFTEN THAN NOT, YOU FIND YOURSELF WITH AN ENDLESS SUPPLY OF REPORTS BUT
ARE STILL UNABLE TO GET ANSWERS TO YOUR MOST CRITICAL BUSINESS QUESTIONS?

DON’T WORRY – YOU’RE NOT ALONE.
Many companies are faced with the same exact issues that you are. It’s very likely these companies have one or more of the following foundational problems:

›› They don’t tie business results back to business objectives or measure against a set of key goals

THE 6 STEPS FOR
BETTER REPORTING
Instead of diving right in and building another report, I’m going to recommend that you take a step back to outline a measurement framework using the following steps:

›› They lack a cohesive strategy to measure

01

IDENTIFY BUSINESS
OBJECTIVES

›› They tend to build reports from the

02

DETERMINE KPIs

03

DEFINE KPI GOALS

04

IDENTIFY SUPPORTING
METRICS

05

DETERMINE REPORTING
DIMENSIONALITY

06

ORGANIZE INTO A
FRAMEWORK

their efforts across the entire business

ground up and overload their end-users with pages of data and metrics with few next steps or optimization suggestions

DO YOU NOTICE A THEME HERE?
It boils down to a lack of planning in report development. We’ve been hearing about the Big
Data issue for several years now and companies are still unable to make much sense of the data they acquire. Although, many of these companies may have large data warehouses with endless amounts of information, they end up with numerous metric-heavy reports that don’t answer

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