Kantar Worldpanel - Accelerating the Growth of Ecommerce in FMCG - Report
Accelerating eCommerce Experiences
Transcript of Accelerating eCommerce Experiences
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Accelerating eCommerce Experiences
2016 Holiday Case Study
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Problem: Website complexity increases load timePage complexity: custom java script
3rd party content (ads, social)
3rd party services: recommendation engines
Rich Images & graphics Personalization &
Animation
Live chat
Average load time is 5.3 to 8.2 seconds
Custom Fonts
Average page: 220 calls to 80 domains
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Implication: Revenue lost as load time increases
50+%WILL LEAVE
3SECONDS
YOU ONLY GET
$50M/yr Retailer7% Lift = $3.5M
*According to Industry Analyst and ecommerce leaders like Amazon and Walmart
7%CONVERSION
LIFT
EVERY SECONDof reduced load time
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INFR
ASTR
UC
TUE WEB CONTENT
START
TITLE FIRST CONTENT
ABOVE THE FOLD COMPLETE
CDN
Hypothesis: Acceleration will improve conversion rates
eCommerce Acceleration Platform• Optimize, sequence & prioritize content
• Take seconds off load times
• Increase conversion rate
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Technology Tested: Yottaa eCommerce Acceleration Platform
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Yottaa technology enables online retailers to significantly improve website performance across
all devices resulting in higher conversions
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Yottaa Acceleration Results: Performance Improvement
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eComm Platform Homepage Category Product DetailWebsite 1 Oracle Commerce +57% +50% +47%
Website 2 Oracle Commerce +46% +26% +35%
Website 3 Oracle Commerce +22% +51% +39%
Website 4 Oracle Commerce +32% +32% +45%
Website 5 Demandware +54% +54% +57%
Website 6 Demandware +42% +31% +49%
Website 7 Demandware +58% +39% +55%
Website 8 SAP Hybris +57% +58% +52%
Website 9 SAP Hybris +63% +43% +59%
Website 10 IBM +44% +49% +41%
Sampling of IR 500 site assessments testing Yottaa acceleration% improvement denotes reduction in time to display
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Focus: Acceleration and Conversion Correlation
• Subject: Retailer of home furnishings
• Technology Tested: Yottaa eCommerce Acceleration Platform
• Test Format: A/B test on live Website serving customers, broken into experimental group (directed to Yottaa accelerated version of website) and control group (directed to current website)
• Time Period: 8 days during 2016 Holiday shopping season
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Results: Acceleration Impacts Conversion Rates
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Conversion Rate
Control Group – Current Website 1.84%
Experimental Group - Accelerated Website 2.20%
Improvement (Absolute) +0.36%
Improvement (%) +19.6%
Statistical Significance Yes - 98% confidence
Conversion Rate = Orders / Visits
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Summary
• Yottaa increases Website performance 30-60%
• Strong correlation between speed & conversion rates
• Acceleration applicable to enterprise eCommerce platforms
• Significant conversion rate impact (+19% lift)
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