Google recently tweeted about the seemingly never-ending topics of privacy and data:
The tweet linked to a page titled, How to Think About Building a Marketing Measurement Plan, which had the video below.
The video is hosted by Nacia Walsh. Karen Stocks, Google’s Managing Director of Global Measurement, relays a 5-pillar strategy for going about building a marketing measurement plan.
The 5 pillars are:
Pillar 1: First-Party Data
This pertains to data you gather via direct consumer relationships. I think this is more about surveys and communicating with consumers, rather than ‘hard’ data having to do with numbers.
Pillar 2: Cross-Platform Tools
You want to communicate across multiple platforms. However, this comes with a challenge: it makes data-gathering a bit more challenging. That’s why you may need a cross-platform analytic solution.
Pillar 3: Transparency
You want to be transparent with how you use people’s data, as well as what data you use. When explaining this (ie: on your Privacy Policy page), be sure to use clear, non-jargon language.
Pillar 4: Model Data
Here, Karen uses the term conversion modeling.
Basically, with more restrictions on cookies and data-gathering, there may be gaps in the information available to marketers. That’s where conversion modeling comes in.
Pillar 5: Cloud-Based Solution
Because people want more personalized experiences, marketers are bringing their first-party data together in a cloud solution.
Source: Google Analytics Twitter channel.
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