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Conrad Wredberg
Director of Product Management – Analytics
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.0
“ “In god we trust; all others bring data
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.2
Agenda
•Analytics & Reporting Overview
•Recent Resources
•Upcoming Resources
•Discovery Opportunities
•Industry Benchmarks
•Research
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.3
Agenda
•Analytics & Reporting Overview
• Productized Analytics Offerings
• Social Analytics Offerings
•Recent Resources
•Upcoming Resources
•Discovery Opportunities
•Industry Benchmarks
•Research
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.4
Four Pillars ofValue
• Attract more visitors to my siteSEO
• Share customer opinions
• Informs Marketing MessagingWOM
• Online
• Offline - ROBOConversion
• Product Feedback
• Product InsightsQuality
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.5
Agenda
•Analytics & Reporting Overview
•Recent Resources
• Conversion Impact Report
• Inbound Syndication Report
•Upcoming Resources
•Discovery Opportunities
•Industry Benchmarks
•Research
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.6
Conversion Impact Report
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.7
Inbound Syndication Reporting
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.8
Agenda
•Analytics & Reporting Overview
•Recent Resources
•Upcoming Resources
• Outbound Syndication
• Enhanced Ratings & Reviews Reporting
•Discovery Opportunities
•Industry Benchmarks
•Research
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.9
Outbound Syndication
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.10
Outbound Syndication
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.11
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.12
• 5 Reporting Themes
• Submission - how well am I collecting content, from organic or PIE, start to finish?
• Content - how much content do I have, in which catalog areas, and how moderated?
• Display - how much content is being displayed and on which sites and pages?
• Reach - how much content is being viewed and engaged with and by how many people?
• Conversion - how well is my content contributing to orders and revenue?
• 4 Areas for Innovation
• Powerful Data Visualizations - Better than Excel, benefiting more types of people
• Trending Data - Offering historical trends & comparison, not just a snapshot in time
• Relevant Benchmarks - Overlaying industry benchmarks to provide better context
• Cross-Client Reporting - Orienting to how clients are structured, multi-site and global
R&R Dashboard & Reporting -Vision
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.13
R&R Dashboard -Vision
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.14
Agenda
•Analytics & Reporting Overview
•Recent Resources
•Upcoming Resources
•Discovery Opportunities
• Value of a Review
• Network Analytics
•Industry Benchmarks
•Research
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.15
Value of a Review
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.16
•Pilot Goal: To quantify the value of incremental reviews and share of
voice for products in a category on an E-commerce site, leveraging split
testing and predictive analytics
• Where do reviews matter most?
• What is the optimal volume by category for conversion?
• Where do we need to focus review volume efforts?
Value of a Review Pilot
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.17
The ReviewValue Model
Conversion
Number of Reviews
DSLR Cameras
Dishwashers
Beds
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.18
Product Detail Page - Reviews
We know that
reviews influence
consumer purchase
decisions at the
product detail page…
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.19
Category Page - Reviews
…But how do
reviews influence
higher in the funnel
(e.g., category page)
when consumers are
choosing which
products to view?
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.20
Split Test Example 1 (AbsoluteVolume)
Split A Split B Split C
Category
Page
Product A 20 15 10
Product B 20 15 10
Product C 20 15 10
Product
Detail
Page
Product A 20 15 10
Product B 20 15 10
Product C 20 15 10
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.21
Split Test Example 2 (Share ofVoice %)
Split A Split B Split C
Category
Page
Product A 10 10 10
Product B 10 10 10
Product C 20 15 10
Product
Detail
Page
Product A 10 10 10
Product B 10 10 10
Product C 20 15 10
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.22
Network Analytics
June 2014
3.76 Billion Pageviews
527.88 Million Unique Visitors
14.3 Million Transactions
3,885 Sites Worldwide
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.23
Competitor Strength
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.24
Snippets
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.25
Snippets
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.26
Themes
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.27
Agenda
•Analytics & Reporting Overview
•Recent Resources
•Upcoming Resources
•Discovery Opportunities
•Industry Benchmarks
•Research
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.28
Industry Benchmarks http://www.bazaarvoice.com/industries/benchmark/
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.29
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.30
EconTalk
http://www.econtalk.org/archives/2014/07/michael_munger.html
“If you are under 30, you trust--within
limits--the information that you get from
reviews much more than old guys like
me with my walker.”
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.31
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.32
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.33
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.34
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.35
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.36
Confidential and Proprietary. © 2014 Bazaarvoice, Inc.37
Agenda Review
• Analytics & Reporting Overview
• Productized Analytics Offerings
• Social Analytics Offerings
• Recent Resources
• Conversion Impact Report
• Inbound Syndication Report
• Upcoming Resources
• Outbound Syndication Report
• Enhanced Ratings & Reviews
Reporting
•Discovery Opportunities
• Value of a Review
• Network Analytics
•Industry Benchmarks
•Research

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Bazaarvoice Analytics and Reporting Resources

  • 1. Conrad Wredberg Director of Product Management – Analytics Confidential and Proprietary. © 2014 Bazaarvoice, Inc.0
  • 2. “ “In god we trust; all others bring data
  • 3. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.2 Agenda •Analytics & Reporting Overview •Recent Resources •Upcoming Resources •Discovery Opportunities •Industry Benchmarks •Research
  • 4. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.3 Agenda •Analytics & Reporting Overview • Productized Analytics Offerings • Social Analytics Offerings •Recent Resources •Upcoming Resources •Discovery Opportunities •Industry Benchmarks •Research
  • 5. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.4 Four Pillars ofValue • Attract more visitors to my siteSEO • Share customer opinions • Informs Marketing MessagingWOM • Online • Offline - ROBOConversion • Product Feedback • Product InsightsQuality
  • 6. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.5 Agenda •Analytics & Reporting Overview •Recent Resources • Conversion Impact Report • Inbound Syndication Report •Upcoming Resources •Discovery Opportunities •Industry Benchmarks •Research
  • 7. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.6 Conversion Impact Report
  • 8. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.7 Inbound Syndication Reporting
  • 9. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.8 Agenda •Analytics & Reporting Overview •Recent Resources •Upcoming Resources • Outbound Syndication • Enhanced Ratings & Reviews Reporting •Discovery Opportunities •Industry Benchmarks •Research
  • 10. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.9 Outbound Syndication
  • 11. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.10 Outbound Syndication
  • 12. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.11
  • 13. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.12 • 5 Reporting Themes • Submission - how well am I collecting content, from organic or PIE, start to finish? • Content - how much content do I have, in which catalog areas, and how moderated? • Display - how much content is being displayed and on which sites and pages? • Reach - how much content is being viewed and engaged with and by how many people? • Conversion - how well is my content contributing to orders and revenue? • 4 Areas for Innovation • Powerful Data Visualizations - Better than Excel, benefiting more types of people • Trending Data - Offering historical trends & comparison, not just a snapshot in time • Relevant Benchmarks - Overlaying industry benchmarks to provide better context • Cross-Client Reporting - Orienting to how clients are structured, multi-site and global R&R Dashboard & Reporting -Vision
  • 14. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.13 R&R Dashboard -Vision
  • 15. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.14 Agenda •Analytics & Reporting Overview •Recent Resources •Upcoming Resources •Discovery Opportunities • Value of a Review • Network Analytics •Industry Benchmarks •Research
  • 16. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.15 Value of a Review
  • 17. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.16 •Pilot Goal: To quantify the value of incremental reviews and share of voice for products in a category on an E-commerce site, leveraging split testing and predictive analytics • Where do reviews matter most? • What is the optimal volume by category for conversion? • Where do we need to focus review volume efforts? Value of a Review Pilot
  • 18. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.17 The ReviewValue Model Conversion Number of Reviews DSLR Cameras Dishwashers Beds
  • 19. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.18 Product Detail Page - Reviews We know that reviews influence consumer purchase decisions at the product detail page…
  • 20. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.19 Category Page - Reviews …But how do reviews influence higher in the funnel (e.g., category page) when consumers are choosing which products to view?
  • 21. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.20 Split Test Example 1 (AbsoluteVolume) Split A Split B Split C Category Page Product A 20 15 10 Product B 20 15 10 Product C 20 15 10 Product Detail Page Product A 20 15 10 Product B 20 15 10 Product C 20 15 10
  • 22. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.21 Split Test Example 2 (Share ofVoice %) Split A Split B Split C Category Page Product A 10 10 10 Product B 10 10 10 Product C 20 15 10 Product Detail Page Product A 10 10 10 Product B 10 10 10 Product C 20 15 10
  • 23. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.22 Network Analytics June 2014 3.76 Billion Pageviews 527.88 Million Unique Visitors 14.3 Million Transactions 3,885 Sites Worldwide
  • 24. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.23 Competitor Strength
  • 25. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.24 Snippets
  • 26. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.25 Snippets
  • 27. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.26 Themes
  • 28. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.27 Agenda •Analytics & Reporting Overview •Recent Resources •Upcoming Resources •Discovery Opportunities •Industry Benchmarks •Research
  • 29. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.28 Industry Benchmarks http://www.bazaarvoice.com/industries/benchmark/
  • 30. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.29
  • 31. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.30 EconTalk http://www.econtalk.org/archives/2014/07/michael_munger.html “If you are under 30, you trust--within limits--the information that you get from reviews much more than old guys like me with my walker.”
  • 32. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.31
  • 33. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.32
  • 34. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.33
  • 35. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.34
  • 36. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.35
  • 37. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.36
  • 38. Confidential and Proprietary. © 2014 Bazaarvoice, Inc.37 Agenda Review • Analytics & Reporting Overview • Productized Analytics Offerings • Social Analytics Offerings • Recent Resources • Conversion Impact Report • Inbound Syndication Report • Upcoming Resources • Outbound Syndication Report • Enhanced Ratings & Reviews Reporting •Discovery Opportunities • Value of a Review • Network Analytics •Industry Benchmarks •Research