Does Google's recent announcement of the Google Analytics 360 Suite change our understanding of marketing analytics? No. It's more of the same - and that's a good thing for marketers.
Let's consider what the new Google Analytics 360 Suite promises for marketers, a bundle of six different technologies. What's in the suite?
- Google Tag Manager 360
- Google Analytics 360 (formerly Google Analytics Premium)
- Google Attribution 360 (formerly Adometry)
- Google Optimize 360
- Google Audience Center 360
- Google Data Studio 360
When organized, Google showcases the suite as a marketing analytics stack:
Look carefully. Google's Analytics 360 Suite focuses on data collection, analysis, and insight derivation. Sound familiar? It should:
The new Google Analytics 360 Suite fulfills the first three steps of the MAISTER cycle, from Marketing Blue Belt. Google Tag Manager 360 (and regular Tag Manager) helps us measure and gather good data. The analytics layer helps us to analyze what happened, from what (Analytics) to who (Audience Center) to how (Attribution and Optimize). The presentation layer - Data Studio 360 - gives us the tools we need to turn analysis into insight.
Google Analytics 360 Suite promises to be a powerful tool for larger businesses who can afford the suite; since it's a drop-in replacement for Google Analytics Premium, I would expect pricing to be the same.
What if you're not a business who can afford the thousands of dollars for the premium option? Is there anything left for small and midsize businesses?
Yes! Consider the structure above, the basic marketing analytics stack: Measurement. Analysis. Insight. We won't have the luxury of a fully integrated, one-stop shopping solution that a large business can enjoy, but the individual pieces are available to us now.
- Every business can afford Google Tag Manager and other data gathering tools.
- Every business can afford Google Analytics, social media audience analytics, and rudimentary testing facilities.
- Every business can afford data visualization tools like IBM Watson Analytics.
This is the basic marketing analytics stack, within reach of every business. Once we grow big enough, we can afford the Google Analytics 360 Suite, but until then, we can apply the same conceptual structure to the tools and strategies we have now. Organize what you have now into the MAISTER cycle, and start profiting from your marketing analytics stack today, no matter what solution you employ!
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