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How to find the best digital analytics platform for business.
By Quantum Metric
Aug 9, 2024
7 min read
Now more than ever, digital analytics is invaluable to a business's success. However, the level of productivity and efficiency your business achieves depends on the digital analytics platform you use.
While most data analytics platforms share similar capabilities, some may offer features that serve the unique needs of your business and industry. Even fewer are as comprehensive as Quantum Metric, an exceptional digital analytics platform with numerous integrations and an array of intuitive capabilities.
Of course, the best digital analytics platform is different for every business. Below, we share essential information about digital analytics platforms, including how to find the right one for your business and the vital elements it should have.
Want to make choosing your business's new analytics platform a breeze? Read on below.
What digital analytics platforms do.
Let's first define precisely what a digital analytics platform does for your business.
Generally, it is a suite of software solutions made to collect and analyze data from many different digital sources. Along with that are several key digital analytics platform features that today's businesses need as a standard. These include:
- Measuring your web traffic according to metrics like number of visits, sessions, and unique visitors.
- Segmenting web traffic according to user behavior, demographics, and geographic location.
- Tracking any significant event & conversion that occurs on your website.
- Providing streamlined and simplified reports on overall website performance.
- Conveying insights into customer behavior, which can be used to improve website UX or create optimized marketing strategies.
Digital analytics enables successful business results through these capabilities. It shows how well your website or app is performing among users.
You'll also gain even deeper insights, like who your most loyal customer segments are or which pages and features of your site attract the most visitors.
You can then optimize and improve the rest of your site and your business, relying on your digital analytics platform for guidance.
Picking the right digital analytics platform for your business.
Every business is different, which means finding the best digital analytics platform for your business can be difficult. It requires a great deal of time and careful consideration before making a worthwhile decision.
However, we're here to break down the process into just a few essential steps. Use them as you see fit for your business, and you'll find the digital analytics platform that fits like a fine leather glove.
Consider your desired goals, metrics, and insights.
First and foremost, think about your company and its goals. The right digital analytics tools for a business align its objectives with the goals and needs of its website or digital product.
Consider aspects of your ideal analytics platform, such as its cost, technical capabilities, and features. Also, consider the metrics and insights a platform should provide your business.
Perhaps your key metrics are more related to content than e-commerce performance. Or, you need a platform with more in-depth customer journey analysis features than online marketing and sales tracking.
Selecting the best digital analytics platform for your business must begin with understanding what your business's needs are. From there, it's just a matter of exploring the various platforms out there to see which best fits
Perform in-depth research & comparisons.
Next, get a feel for the landscape. Many popular and powerful digital analytics platforms are available, from essential tools to feature-rich web analytics platforms like Quantum Metric.
Each one has its strengths and weaknesses, and many have unique features that benefit your particular business and industry. We don't just recommend weighing your options according to how they fit your needs. You should also consider choosing analytics tools based on your competitors.
Seek out use cases and case studies for different analytics software used in your industry. Learn what platforms your competitors are using to succeed, and further consider what features are helping them in that.
For example, you can learn how a platform's predictive analytics for business helped your competitor successfully follow market trends. Or, find out how other companies benefit their customers using a given platform's insightful journey analytics.
After thorough review and research, you'll have a strong idea of your options, as well as which ones best suit your business.
Test different platforms with trials & demos.
Once you narrow down your choices, it's time to get some hands-on experience with them. Almost every digital analytics platform provides a demo or free trial. This gives you a chance to use their features and accurately evaluate which offers the best user experience.
You can also test various analytics platform features that can be useful for your business. For example, you may find one data analytics tool that provides excellent data visualization features like customizable dashboards and a user-friendly interface. However, another tool may have a broader range of SEO analytics tools and integrations that your marketing team can use effectively.
Also, make sure the platform you use has strong data governance, security, and retention. These are the policies and procedures platforms perform for your business to ensure your data is safe, confidential, and available. This helps reduce the impacts of severe data loss or security breaches from malicious hackers, saving your company a pretty penny.
Get valuable insights for your business with Quantum Metric.
Finding the right digital analytics software platform for your business can take time, but your work will pay dividends. Using a platform that provides valuable, actionable insights across departments and teams will boost your business proficiencies. More importantly, it will also ensure your website or digital product has a seamless, optimal user experience.
Gain insights that can transform your business with Quantum Metric. Our powerful digital analytics platform ensures you fully leverage your user and web analytics data to produce effective data-driven strategies.
Ready to transform your business via digital analytics? Schedule a demo with Quantum Metric today.
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