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Eric T. Peterson has been working in web analytics for over ten years and has built up an incredibly rich body of knowledge about the subject, knowledge Mr. Peterson works to share every week here in his Web Analytics Demystified weblog. Whether you're new to the subject or the most experienced practitioner, you should join the thousands of people around the globe already subscribing to Peterson's blog and start reading today.

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Web Analytics Wednesday San Francisco Metrics and KPIs

Web Analytics Wednesday in San Francisco this week was an amazing success by every conceivable measure. But don’t take my word for it, here are the metrics and key performance indicators:

  • Budget for the event: $10,000.00
  • Actual amount spent: $14,500.00
  • Percent over budget: 31%
  • Percent extra expenses graciously covered by ForeSee Results and Tealeaf: 100%
  • Planned number of sponsors: 4
  • Actual number of sponsors: 5
  • Percent sponsors interested in this event: 120%
  • Estimated satisfaction of sponsors based on feedback sample: 100%
  • Projected number of attendees: 200
  • Projected expenditure per attendee: $50.00
  • Actual number of attendees: 400
  • Actual expenditure per attendee: $36.25
  • Percent of actual budget spent on drinks: 50%
  • Estimated number of drinks served: 1,450
  • Estimated number of drinks consumed per attendee: 3.6
  • Number of hours spent serving drinks: 1.5
  • Estimated number of drinks consumed per hour:996
  • Estimated number of drinks consumed per hour per person: 2.4

I think the key measure of success is really satisfaction but I totally forgot to ask Larry Freed’s folks at ForeSee Results to conduct a survey during the event, we weren’t tagged with Coremetrics tags, and SiteSpect wasn’t able to test due to incredibly cramped conditions so we’ll have to rely on your comments and June’s pictures for the time being to make that determination. Maybe someone will post Tealeaf-esque replay video so we can estimate satisfaction based on qualitative data…

Speaking of the sponsors, I really want to thank all five sponsors of the event for their participation, willingness to help out, and excellent attitude … especially when the crowd volume prevented them from getting a word in edgewise during their 15 seconds of fame.

Suffice to say we could not have thrown a party like this without the help of these fine organizations.

I was also really pleased to see some of our industry thought-leaders out for the event, folks like Gary Angel, Jim Sterne, Larry, Judah Phillips, Brett Crosby, and Avinash Kaushik who has never attended Web Analytics Wednesday as far as I know but who just joined Google full-time, eschewing independent consulting for good old-fashioned job stability — congratulations Avinash and congratulations Google!

I was even more pleased to see many members of the Web Analytics Board of Directors at the show including Jim, June, Avinash, Bryan Induni, April Wilson, Richard Foley and probably a few more I am forgetting. I think this is great since the WAA has what can only be described as an estranged relationship with Web Analytics Wednesday … hopefully we can get that relationship worked out in 2008 so these two great organizations can work together for the benefit of our entire community!

Anyway, thanks to June, David Rogers, and all the volunteers and sponsors who made this great event happen. Mr. Sterne hinted that he’d like Web Analytics Wednesday to happen concurrently with every Emetrics conference around the world so hopefully we can work that out and take this great party on the road.

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Welcome to IQ Workforce sponsoring our job board

While clearly next week will be incredibly hectic with Emetrics, vendor announcements, and what is shaping up to be the largest Web Analytics Wednesday ever held, I wanted to quickly drop a note thanking Corry Prohens and the team at IQ Workforce for sponsoring the Web Analytics Demystified job board.

Corry is a great guy working in a pretty tough market and all indicators are that he really understands the needs of companies looking for web analytics talent. Corry is publishing industry survey data, featuring some of our real rock stars, and sharing the industry buzz. More importantly, Corry and his team are talking to some really talented people who are thinking about switching jobs.

The big advantage that Corry’s sponsorship brings to Web Analytics Demystified is a greater number of high-quality jobs being posted. We’ve been seeing this in our traffic volumes but having more good jobs brings in more great job seekers which is bringing in more great jobs!

Corry will be at Emetrics next week and is coming to the Web Analytics Wednesday event at Fluid Nightclub. If you run into him, take the time to chat him up and hear his perspective on what is indeed a topsy-turvy job market. Otherwise, pop over to the IQ Workforce web site and have a look at what Corry and his team have to offer.

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Post Date:
Saturday, May 3rd, 2008 at 9:00 pm
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Coremetrics and SiteSpect: Global Web Analytics Wednesday sponsors!

As Web Analytics Wednesday continues to gain momentum around the world leading into what is shaping up to be the largest event in WAW history in San Francisco on Tuesday, May 6th, I am pleased to announce that Coremetrics and SiteSpect have both signed on to be global sponsors of this event.

You can read the press release here but the essence of this announcement is that these great companies share my vision for what Web Analytics Wednesday is becoming — the largest and most widely recognized gathering of web analytics professionals in the world. In sharing the vision, their management teams have graciously decided to provide financial support to allow Web Analytics Demystified provide more reimbursement to a larger number of events around the world.

Starting today, we are pleased to be able to help emerging Web Analytics Wednesday chapters cover the cost of providing food and drink to participants. You can read about the WAW sponsorship policy here and if you have any questions please don’t hesitate to write me directly.

On behalf of myself, my wife Amity who provides event support, June, and every Web Analytics Wednesday host and participant around the world I want to thank Coremetrics and SiteSpect for their vision and contribution. So far in April nearly 700 people have signed up to participate in Web Analytics Wednesday and we’re well on the way to beat my goal of 5,000 participants worldwide in 2008!

In other Web Analytics Wednesday news …

I am especially excited about the San Francisco event because Coremetrics, ForeSee Results, SiteSpect, and Tealeaf have all made significant sponsorship donations, giving us quite a lot of lattitude to entertain. It looks like our efforts are paying off as the sign-up list is a virtual who’s who of web analytics thought-leaders, practitioner talent, and consulting genius!

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Post Date:
Monday, April 28th, 2008 at 6:17 am
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Europe and the Web Analytics Association

Regular readers know that I travel to Europe twice a year to do business and work with my partners Satama and LBi/OX2. During my most recent trip I was delighted to have more time to talk at length with a wide variety of companies, practitioners, and thought leaders and a few things stood out in my mind after these conversations:

  1. The European market is not unlike the U.S. market in terms of practitioner experience and overall thought leadership. I reported this after my last trip based primarily on survey data, but have been delighted to verify that there are some really amazing people doing some truly great things “across the pond.” This includes end-users and analytics managers inside companies and thought and practice leaders like Steve Jackson at Satama, Aurelie Pols and her team at LBi/OX2, Dennis Mortensen, Lars Johannsen, Oliver Schiffers, Marianina Chapin, Brian Clifton, and a whole lot of folks I’m forgetting to list! In a way, Dennis Mortensen recently became the “Avinash Kaushik” of Europe, a full-blown analytics evangelist!
  2. The European market is different than the U.S. market in terms of investment in web analytics, although less so that I previously believed. After countless conversations about technology, people, and process, I kept coming back to the same conclusion: Europe is somewhere between two and four years behind the U.S. in terms of investment in web analytics. More specifically, I believe that the northern countries (Nordics, UK, Holland, primarily) are more like the U.S. in terms of their investment and, broadly speaking, the lag-behind time increases as you move further south. My evidence is anecdotal to be sure, but when I tested the theory most people working for pan-European organizations agreed — do you?

Based on these two points I come to the inevitable conclusion that Europe is about to really take off in terms of the adoption and use of web analytics. Those of you keeping track will recall that it was about two years ago that the practice of web analytics really started to accelerate here in the U.S. I think that the northern European countries especially are about to begin this same type of rapid adoption/expansion we’ve seen over the past two years, which is excellent news!

Now, some of you are certainly saying “well duh, Peterson” either because you work for a U.S.-based vendor who has been bulking up in Europe for the last 12 months, or more likely because you’re European and are experiencing what I’ve described first hand. Fair enough. But my point is not that Europe is running behind the U.S. in adoption of analytics; my point is that European practitioners, consultants, and vendors are in a different place than their U.S.-based counterparts and thusly would benefit from a different support organization than we benefit from here in North America.  Specifically, I believe that Europe should have its own Web Analytics Association.

Yep, I think we need a EuWAA.

Because the needs of European practitioners, vendors, consultants, and even the European media are different, I increasingly suspect that a North American-based WAA may not be best suited to provide the same type of great opportunities, educational events, and benefits we appreciate in the U.S. and Canada. And, while I agreed to not name names, I think some European WAA members don’t disagree with this assessment and would relish the chance to provide/receive additional value from a more locally run association.

A sister organization in Europe, one governed by a European Board of Directors and funded primarily by European vendors and consulting firms, would invariably be better able to serve the needs of specific markets at different stages of analytics maturity. The EuWAA could set country-specific pricing, have both regional and pan-European events, and make decisions that were carefully focused on the needs of different European constituencies.

I’m not saying anything is wrong with the current WAA; I think that the current and past board’s of directors have done a good job working to include European members in the decision making process and overall value chain.  I’m saying is that there is an opportunity to “think different” (to quote Jim Sterne) and consider how a more regional focus might be better for everyone. The NaWAA could focus on North American events, opportunites, outreach, and issues and create even more value for members here in the states and Canada.  And the NaWAA and EuWAA could work together to provide value for emerging markets across the globe.

In terms of funding, I would propose that A) there are a ton of European vendors who would be willing to support the EuWAA, B) that the U.S.-based vendors looking to expand into Europe would be motivated to support the group, C) European companies and practitioners would be more likely to support a European organization focused on the specific needs of European businesses and D) it would be very appropriate for the NaWAA to provide seed capital to this new, sister organization.

Web Analytics Demystified would gladly join as a founding member since we’re a global organization!

I don’t want to get into more specifics here, but if you have an open mind you might see that the idea makes a ton of sense and that a lot of the necessary work has already been done. And while I’m not 100% sure which of the European citizens running for the WAA Board have been elected, between those fine folks, the European thought leaders, and forward thinking European vendors and consultancies, I firmly believe that EuWAA can be done successfully.

I also believe, while some will argue this, that the Web Analytics Association in general will be better for breaking up into regionally focused sister organizations. Because our practice is still relatively young, there is undoubtedly differential geographic maturation and I think this needs to be recognized and treated appropriately.

Anyway, I just wanted to put the idea out there. With the annual meeting/party happening in a few weeks in San Francisco it seemed like as good a time as any to bring EuWAA up and get people talking.

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Post Date:
Monday, April 21st, 2008 at 5:28 am
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Now I too am a lazy blogger …


Because I have finally, after much goading, joined the Twitter generation. It took Aaron Gray from WebTrends and like 11 beers (which I felt this morning, mind you) after a very successful Web Analytics Wednesday event here in Portland to get me to join Twitter. Hell, I didn’t even join after meeting Biz Stone and boating around Rotterdam with him last summer (sorry Biz!) But Aaron made me wonder who Twitter streams might be used in the engagement calculation so like a cat to milk I went running.

Incidentally I did not say “Twitter has no value” or at least I don’t think I said that.  I suspect there was some qualification involved (although see my above comment about 11 beers … sheesh!)

Thanks Aaron. Yet another excuse to play with my iPhone, not my kids. You rule.

Want to follow me? I’m easy to find!

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Post Date:
Friday, April 18th, 2008 at 3:27 pm
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