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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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