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Hands-On Data Science for Marketing

You're reading from   Hands-On Data Science for Marketing Improve your marketing strategies with machine learning using Python and R

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Product type Paperback
Published in Mar 2019
Publisher Packt
ISBN-13 9781789346343
Length 464 pages
Edition 1st Edition
Languages
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Author (1):
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Yoon Hyup Hwang Yoon Hyup Hwang
Author Profile Icon Yoon Hyup Hwang
Yoon Hyup Hwang
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Table of Contents (20) Chapters Close

Preface 1. Section 1: Introduction and Environment Setup FREE CHAPTER
2. Data Science and Marketing 3. Section 2: Descriptive Versus Explanatory Analysis
4. Key Performance Indicators and Visualizations 5. Drivers behind Marketing Engagement 6. From Engagement to Conversion 7. Section 3: Product Visibility and Marketing
8. Product Analytics 9. Recommending the Right Products 10. Section 4: Personalized Marketing
11. Exploratory Analysis for Customer Behavior 12. Predicting the Likelihood of Marketing Engagement 13. Customer Lifetime Value 14. Data-Driven Customer Segmentation 15. Retaining Customers 16. Section 5: Better Decision Making
17. A/B Testing for Better Marketing Strategy 18. What's Next? 19. Other Books You May Enjoy

The importance of product analytics

Product analytics is a way to draw insights from data on how customers engage and interact with products offered, how different products perform, and what some of the observable weaknesses and strengths in a business are. However, product analytics does not just stop at analyzing the data. The ultimate goal of product analytics is really to build actionable insights and reports that can further help optimize and improve product performance and generate new marketing or product ideas based on the findings of product analytics.

Product analytics starts by tracking events. These events can be customer website visits, page views, browser histories, purchases, or any other actions that customers can take with the products that you offer. Then, you can start analyzing and visualizing any observable patterns in these events with the goal of creating...

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