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Business Intelligence in Marketing
Marketing is one field where measures such as KPI’s
(key performance indicators) and metrics (measures viewed
across a time frame) are vital to performance. Common
measures include
· % market share
· % market growth
· revenue
· profit
· sale volume
But the list is endless. Because of this Business Intelligence
is particularly valuable to marketing departments.
Data warehousing and OLAP (online analytical processing)
cubes allow marketing personnel to drill down through
the organisational hierarchy and filter at any level
of any number of dimensions. There is also no limit
to the number of measures that can be included in the
analysis, including measures calculated from other measures.
This gives a highly flexible performance overview.
Performance dashboards are customised views of your
own individual key performance metrics often shown as
a combination of charts with the possibility of spreadsheets
included in the dashboard view. If an area interests
you, you can click on the chart to drill down to a more
detailed view of the information.
Metric scorecards are also of value to marketing departments,
and show a personalised summary of KPI’s, indicating
improvements from period to period, and highlighting
areas of concern in red or amber.
Alerts can be automatically emailed to a pre-selected
list of recipients when a KPI falls into the red zone,
or below a level of your own choosing.
All of the above technology is available through the
market-leading IBM Cognos range of Business Intelligence
solutions.
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