Technology news and Jobs arrow VIRTUALISATION arrow Web analytics can boost online conversion rates
Web analytics can boost online conversion rates E-mail
by Peter Dinham   
Tuesday, 06 October 2009
Companies that invest in web analytics can increase online conversion rates, but only if they can avoid drowning in the vast amount of customer data that many have to deal with, according to a new market study.

The findings of the study by the Aberdeen Group are backed by UK web analytics and business intelligence provider, Site Intellligence, which says that companies can potentially increase online conversion rates from two percent to seven percent. The research also highlighted the fact that 76 percent of companies improved year-on-year conversion rates,  with on average, conversion and revenue per visit increasing by three percent each year and customer profitability increasing by four percent.

The commercial director for Site Intelligence - which recently launched in Australia -  David Pool, says a key challenge for businesses is to ensure the right information reaches the right segment of business “so they can put in strong action plans to improve sales and profitability.”

According to Pool, the Aberdeen research revealed that the current economic downturn has forced companies to place an even larger emphasis on the ability to attract, retain, and convert online customers.

In fact, Aberdeen says that 79 percent of 203 survey respondents indicated that the current economic climate plays a prominent role in their company's decision to attain better consumer insights from the online channel.

David Pool says that despite the acknowledgment that the online channel is a cost-effective method of understanding consumer wants and needs, businesses are challenged to derive actionable information from online data.

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