What’s important?
Throughout our conversation, which covers all kinds of challenges, Michelle always returns to one thing – what’s actually important?
Marketers have all this data, some of it valuable, some less so. On top of that, access to the data that actually matters can sometimes be blocked.
“They’re not always able to pull in the data that’s really important within the organization. And actually a lot of that data is often useless unless you have a way to structure it correctly in order to derive information and actionable insight from it.”
Finding out what those business-vital stats are and focusing marketing efforts around bolstering them can help teams show immediate value. Michelle gives the example of social as a space invaded by “pony metrics” – a term that I am totally adopting into my vocabulary.
“Far too many brands focus on the fluffy stuff, especially on social. The opportunity in social is focusing on the role that social plays as a temperature check on things, to look at the behavioral shifts that are happening in front of our eyes, and to be ahead of the game in terms of reacting to those shifts.
“It’s not about jumping on the bandwagon, it’s about foundationally taking it back and thinking what do we stand for, what values do we have, what commercially are our needs and requirements, and what do our audiences really value from us? Smart data collection and analysis can help us answer that ‘value’ question.”
When teams are looking for executive buy-in on their social efforts, Michelle says leading with the fluff is a bad idea.
“Take the jargon out of social media. Executive teams are super-smart people – they know how to make decisions. But actually for far too long social media teams have given them pony metrics, jargon, and have failed to connect reach, sentiment, and engagement on social to meaningful business metrics.
“Talk like a boss. Frame what you’re doing in their language. Efficiencies and retention are as valuable as acquisition and conversion. A lot of social teams measure the wrong things.”
Whether the social data relates to reach or consumer insights, tying those efforts to measurable business objectives is key.
Individuals, not numbers
For Michelle, widespread changes in the way data is handled and regarded is another reason to step back and take a more basic view of what data really means and why it matters.
“For me, GDPR is a massive opportunity. It’s got us really to think about what’s right and what’s ethical. What is our relationship with our consumers and their data? It’s about quality rather than quantity.
“We’ve devalued the word community, but actually there are so many great things we can do when we stop thinking about reach and the numbers and instead think about individuals we can have a really meaningful data relationship with.”
This focus on consumers and what’s important to them, as opposed to masses of data and the myriad useless ways it can be applied, is the way to tackle overwhelming data abundance.
Big thanks to Michelle for speaking with us. You can find her on LinkedIn here.