Looking to analytics to determine what are the best courses of action is nothing new, and it’s been a part of making business decisions since long before the business world shifted to digital. I takes a trained and educated eye to make good sense of numbers and the like when doing that, but the parameters of everything were different when all of them were tracked manually and often jotted down on paper. As in nearly always the case with interests of any sort, computing technology has been very beneficial in making business analytics better. It’s not something business managers will be fully intuitive with right off the hop, and given how increasingly competitive the space is becoming for nearly any industry or commercial venture online it is important to at least try to be ahead of curves. Other businesses will be leaning on web analytics too, and so it is important to do as well as possible with turning your data into decision making. This is why some businesses will hire a 3rd-party advisor in this regard, and many times it is a worthwhile investment. Our business here at 4GoodHosting takes value from web data too of course, and that will be true for any good Canadian web hosting provider. The reason this topic becomes of even greater interest and worthy of an entry here is that many of our customers are also operating a website for commercial purposes, and when anything related to profitability is involved you’re going to want to get it right. So let’s look at how eCommerce is being transformed by web data. Big for Pricing Strategies Increasingly relying on insights drawn from web data to guide their pricing strategies is increasingly common for online businesses, plus for finding the best time for product and service launches. Estimates are that upwards of 80% of eCommerce businesses have bumped up their web data collection and management budgets over the past year, and that’s an immediate reflection of how this type of web data is really increasing in value. What web date provides for eCommerce businesses is enhanced visibility over the competitive online market landscape. It creates an...
