Why you should own your web analytics data
Today, web clickstream data is mostly in the guarded hands of web analytics vendors; some of these vendors allow you to access this raw data. Human and computational resources to leverage this raw data are more accessible and cheaper than ever. Why and how can you take back ownership of your web analytics (clickstream) data?
What is Clickstream Data?
Every time a user sees a webpage or takes an action that is being tracked on a website, a “hit” is recorded. A hit is simply a row of data which contains rich information about the hit and the visitor. A typical hit can include dimensions such as: date, time, user ID, browser, operating system, country, city, requestedURL, hostname, etc.
Clickstream data is composed of thousands, millions or even billions of hits which tell the story of how, who, and what visitors are doing on your website. This is what web analytics vendors use to provide you statistics about your website.
Why to own your web analytics data
If you can relate to the questions below, then keep reading this post to find out how to own your clickstream data.
- How long do users take from first visit to purchase?
- What is your user retention/churn?
- What is the most common path to signup?
- What is your customer lifetime value per acquisition channel?
- Which channel brings in the best customers?
- What is the first/last channel touchpoint for users who purchase?
- How many users have signed up more than 3 months ago but never purchased?
- What % of users who signed up in the last Christmas season are still purchasing? Cohort by first purchase date.
- Are users acquired via email marketing more valuable, compared to those acquired e.g. via AdWords?
- Which users added products to the cart but didn’t finish converting? Which products were those?
State of the Analytics Nation
We are in a booming cloud computing age:
- More data sources
- Cheap to store large sets of data
- Cheap to perform computations on large sets of data
- There are software and human resources with the skills to mine data
- High demand for highly granular data
Many of the paid vendors provide this granular clickstream data (Google Analytics Premium via BigQuery, Adobe Analytics via Data Feeds, etc) and it is up to you to extract it.
Today, companies should not be stuck with answering basic questions due to a lack of clickstream data.
How to Free Your Digital Analytics Data
If you are a Google Analytics Premium client, you can enable the Google BigQuery integration which will make the clickstream data available to you on a daily basis.
If you use Google Analytics Standard (free version), Google will not be providing you access to the clickstream data. You can query the API for certain data, but it is summarized and processed data. Fear not though; you are not stuck! One solution to get ownership of your GA Standard clickstream data is to use Blast’s Clickstreamr product which captures a copy of the same data that is sent to GA.
If you use Adobe Analytics, you can have your clickstream data delivered daily via FTP in multiple zipped files.
If you use Snowplow Analytics, you own your clickstream data. This sophisticated event analytics platform leverages Amazon Web Services to scale. You can store and analyze your data using Hadoop Hive, Spark, Redshift or PostgreSQL. This platform has the particularity of offering real-time clickstream analytics.
Owning your clickstream data has never been so easy and affordable! Some of the most popular applications of this data include:
- Joining clickstream data with customer data from external sources
- Product Recommendation Systems
- Customer Analytics
- Catalog Analytics
- Prediction Modeling
- Attribution Modeling
- Cohort Analysis
- Customer Lifetime Value Analysis
Having a solid web analytics implementation with summarized data can bring value to organizations, but as your analytics maturity evolves you’ll find that highly granular, user-level data will allow you to answer far deeper and more valuable business questions. Stop waiting for your analytics tool to build a feature to answer your business questions and move into the limitless world of clickstream data analysis!
I originally posted this article on BlastAM Blog.