How to navigate the data analytics path

ADMA Global Forum panel including representatives from Qantas, Brambles, Energy Australia and Deloitte debate how to successfully adopt data analytics as a marketing and organisational competitive advantage

Data analytics is critical for organisations but your efforts will fail if you don’t first understand what customer gap or commercial pain point you’re trying to overcome, several Australian brands claim.

In a panel session at the recent Association for Data-Driven Marketing and Advertising (ADMA) Global Forum in Sydney, advisory group, Deloitte, along with representatives from Brambles, Qantas and Energy Australia, came together to discuss their use of data analytics and tips for how organisations can get started successfully on an analytics journey.

While there is a lot of intent around the use of analytics as a strategic business contributor, the truth is it isn’t that easy to execute, Deloitte partner, Jenny Wilson, told the audience.

“It’s not just the capabilities that are different, it gets down to foundations like leadership, culture, and where you do you start,” she said. “Sometimes data feels like the elephant in the room.”

Brambles group vice-president of strategy, planning and innovation, Paul McGlone, said data analytics is crucial today to the critical effectiveness of its commercial business model. “In order for us to control this ever-moving equipment business that operates in so many locations, so many people and on an ongoing basis, we need to deeply understand what’s going on,” he said.

McGlone pointed out the data mandate is easier to come by today, as boards are aware of big data and are asking questions about what we’re doing with information assets.

Video: ADMA Global Forum 2013 round-up

“If you don’t have a mandate, but have insights, you can still get involves in analytics in a sophisticated way, but you have to be careful to have a process that allows you to fail fast and fail cheap,” he said. “Be really careful about process that underpins the level of investment and risk. If you do that, you can iterate and change tack to generate insights quickly.

“This is not about a technology or IT tool, this is a process driven by commercial outcomes,” McGlone added.

Qantas Loyalty CEO, Lesley Grant, said data analytics underpins how the airline understands its customers. The Loyalty team provides analytics insights across the organisation around how customers interact across its Qantas and Jetstar brands to drive better customer experience.

However, Grant admitted to being involved in a number of failed data analytics projects over the years that became “bigger than Ben Hur” and actually proved nothing.

“One of the problems is that these efforts weren’t focused on solving the business problem,” she said. For Grant, a good way to start is to think of the gaps you have in understanding customer behaviour.

“Start small and solve a business problem so you get runs on the board and can prove to the organisation that this is really adding value,” she advised. “Otherwise you can put in an awful lot of effort and resourcing and not deliver a measurable outcome.

“You need to look for clues first – what is the business measuring and where are the gaps in our knowledge, what business problems are we trying to solve.”

To ensure analytics is put to practical use, Qantas Loyalty has appointed commercial managers leading the analytics teams, Grant added.

Energy Australia head of marketing, David Hamilton, said data analytics is helping the utility company as it goes through a dramatic industry revolution triggered by the introduction of smart metering, a more complex retail environment, and changing customer needs.

“Our business model has traditionally been centralised, mass scale utility provision of power or gas. That is being challenged by technology, customer behaviour and a number of other factors driving consumer choices,” he explained. “That’s where marketing and insights works in meeting those challenges.”

The degree to which you have personal courage is critical in a data analytics journey, Hamilton said. “Leadership is as important as the analytics,” he said. In addition, he advocated an approach that favoured usefulness over historical insight.

“Data isn’t there to meet the needs of the analysts, it’s there to serve the needs of the business,” Hamilton said. “You need the people to translate that insight and engage with the business to ensure what they produce is relevant for the objectives and vision the business is trying to achieve.”

For McGlone, getting external advice allowed the Brambles team to access deeper technical knowledge and achieve insights quicker. “It doesn’t have to be a $1 million project either,” he said. “Start very small on one insight with a partner, then move forward from there."

Hamilton also supported bringing on partners at the early stage, but stressed the need to build an internal skill base long-term.

“There are people in your organisation who have skills you don’t know about,” he said. “As you bring on the people, you insource capability long-term. You shouldn’t outsource things that are a source of competitive advantage, as data analytics is.”

Follow CMO on Twitter: @CMOAustralia, take part in the CMO Australia conversation on LinkedIn: CMO Australia, or join us on Facebook: https://www.facebook.com/CMOAustralia

Signup to CMO’s new email newsletter to receive your weekly dose of targeted content for the modern marketing chief.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Blog Posts

Data has the power to build or burn brands

A brand can be severely wounded by use or misuse of any of its assets and you could say data has the greatest power of all to inflict damage.

Lucy Acheson

Head of data strategy and customer experience, LIDA

Totto and your inorganic future

At Cannes Lions this year we’ve been treated to many artificial intelligence (AI) insights. It’s one of the major discourses of our time.

Richard Brett

CEO, opr

Personas of one and the rise of ‘always there’ marketing

I’ve got some bad news. The ‘always on’ marketing approach that many companies have only just fully implemented is already out of date.

Nigel Roberts

Founding partner and strategy lead, Yell

Promotion is difficult. You should be able to do it. Sometimes it turns out bad, and when you turn to professionals, it turns out well - ...

Jordan Samuil

Village Roadshow partners with Lion for pourage rights and promotional partnership

Read more

This is very good news for Australian SMEs as ActiveCampaign is an very powerful marketing automation / email marketing tool that costs a...

Lawrence

SMB marketing automation provider sets up Asia Pac HQ in Sydney

Read more

Thanks for the info! If you are looking for commercial real estate in Mumbai, visit us at Jagaha.com! We have over 20,000 verified proper...

Gizelle

Salesforce ups the Marketing Cloud ante with Datorama acquisition

Read more

Completely agree! For the best commercial properties in Mumbai, visit our website - Jagaha!

Gizelle

Salesforce ups the Marketing Cloud ante with Datorama acquisition

Read more

Carisoprodol is used for treatment of pain.so it has some amount of drug use it carefully . Get its complete usage and prescription from ...

jensons henry

CMO profile: The strategy behind Cash Converters brand and customer experience reboot

Read more

Latest Podcast

More podcasts

Sign in