The Seotistics newsletter is written by Marco Giordano, a Data/Web Analyst with the goal of combining business and web data. Tired of the usual boring Analytics content without any business impact? Seotistics teaches you how to use Analytics, web data and even content in your workflow while helping you with Strategy.
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How To Add Context To Your Metrics
Published 8 months agoΒ β’Β 6 min read
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Use Data Or Be Used By Data!
The September 1 issue of Seotistics is here for you!
While everyone talks about AI, LLMs and "innovation", only a few actually focus on understanding the business.
Today, I show you the importance of giving context to metrics!
You can list down all the cool stuff you want but you need context!
Please move this email to your Primary inbox or reply to it. This is to prevent Seotistics goes into spam by accident. Gmail users can read this tutorial to do it.
The next newsletter will also release at 5pm CET as I am currently on holiday.
I will be back on Friday 12, for now expect "different posting times" on LinkedIn.
Will do my best to keep up with the content you love reading!
Metric Trees
Metric trees are helpful companions for visualizing how a business works.
To give you a quick overview about the topic, especially if you are new, please check this past issue.
They are rarely static in reality and you will have to change them once in a while.
For example, you may notice that you are missing an obscure influence you forgot about.
Once you have created your nice tree, it's time to ask the right questions.
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It's not as hard as you see, consider this as a mental framework to exercise your brain muscles.
The DuPont Matrix
If you have a background in business administration like me, you will recognize that this concept isn't exactly new.
In 1919, this model was created to break down ROE (Return on Equity).
Documenting Your Work
From this, I recommend building a dictionary with your metrics and other information:
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Here's an even better example:
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The calculation field is necessary to make it practical. β You can get more creative than what I showed and even explain which dashboards or use cases rely on those metrics. β The Breakdown field tells you which dimensions to group by.
Skipping this step will give you future headaches and increase complexity.
Once you are comfortable with a method, it will become much easier to work on projects...
and you will get more confident in what you do.
Evaluating Chaos
In reality, many businesses already have dashboards and cool artifacts and they are barely used or useful.
This is normal, some tasks are executed just because they must.
Better for you, this is an easy win!
Before you get into action, you should ask what's already there and if they have existing processes.
If not, forget about working, you will produce extra work and make the usual mistake of starting with a solution.
This is a common mistake when evaluating big websites:
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Starting from #3 without considering the real problems and defining priorities is a common agency mistake.
The obsession with order is pointless if you don't know what to actually do.
Chaos is a great companion for unlocking new opportunities:
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Marketing VS Product Analytics (& Why It Doesn't Matter)
There's a key distinction between Marketing and Product.
The first is for acquiring customers, the second is for keeping them.
You can say that it's for improving the product based on event and user data.
Seotistics is clearly oriented toward #1 but it doesn't shy away from taking some concepts from Product, if needed.
How you view things is vastly different!
The obsession with order is pointless if you don't know what to actually do.
Chaos is a great companion for unlocking new opportunities:
The tree we used puts revenue as the North Star.
β βPeople with a background in Product will cringe because they think there are better measures.
β βThat's because revenue tells you what happened in the past, it's lagging.
β βAnd that's what a tree is supposed to represent, actually.
The majority of us work with "traditional" companies, not startups or cool tech companies.
Remember, do what works for you, never copy others because they do it!
Dashboard Trees
You can take these concepts to the next level and monitor your dashboards across an organization.
This concept was developed by my friend Ergest Xheblati in his newsletter Data Patterns:
The Seotistics newsletter is written by Marco Giordano, a Data/Web Analyst with the goal of combining business and web data. Tired of the usual boring Analytics content without any business impact? Seotistics teaches you how to use Analytics, web data and even content in your workflow while helping you with Strategy.
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