AirIQ -- a personal analytics startup I created in 2011-2012
Digital analytics on a shoestring an experience from the startup world
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Transcript of Digital analytics on a shoestring an experience from the startup world
Digital Analytics on a shoestringAn experience from
the startup world
Xavier SansóGlobal Business Events
Whittlebury Hall, 07 May 2014
Your presenter today
• CFO of Upptalk – a voice over IP MVNO (mobile virtual network operator)
• … And a digital immigrant!
&
The initial challengeMillions of users interacting with a mobile application
Millions of phone calls and messages
per dayis
Meaning: Big data, big time
Lessons learnt
Paradigm 1: Information technology that used to be expensive is now cheap and (partially) open source
Extract user and call data in order to measure operational and market indicators
But they use complex, proprietary, expensive systems
Same thing. But the technology has been commoditized
Put on the cloudMade almost open source
The cost is below EUR 10K per year
Paradigm 2: Don’t show me metrics from your proprietary systems, show me something that the industry recognizes as
a standard
• A quarterly update from a company like Apple contains data from their proprietary systems “we sold 1 million iPads” and from industry standards “our market share according to Nielsen was 42%”
• In the purely digital industries, standards matter more and more, and proprietary systems are becoming irrelevant
• But the same metric (eg number of users) measured through an industry standard (eg Localytics) can mean different things even for players in the same industry
• Work the standard back, make sure you understand it, don’t challenge it much.
Paradigm 3: So you went to the standard, and last month your new users declined by 20%...what’s next? Making sense of
what seems not to make sense
Accessed registration
screen: 1000
Entered personal data: 650
Validated phone
number: 620
Received verificatio
n code 590
Code correct:
300
New user
Code wrong:
250
Abandon:
40Did not receive code
30
Abandon: 20
Wrong phone
number: 10
Abandon: 350
Stay data driven. Be systematic
Paradigm 4: This industry still has very significant information gaps
Physical Interaction TrackingWeb analytics platforms still not good enough at providing off the shelve tracking capabilities for wipes, pinches, touches…right hand and left hand!
Video engagement tracking. We still don’t know (cheaply and as a standard) how users interact with videos…yet videos are becoming increasingly important
Someone in Silicon Valley will become rich over this
Paradigm 5: If it can be cloud-based and externally managed…it will be…but do you really own your information?
The death of databases
ERP
Operational
Usage
Advertising
DashboardsKPIMIS
Thank you