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How to Build a Winning Analytics Team

Data analytics should be a priority for every advertiser, but building an effective and successful analytics team can be challenging. In this article, we share insights from Google’s marketing and analytics leaders, breaking down key principles that businesses can use to harness the power of a tech-savvy analytics team.

Digital transformation

The process of using digital technologies to modernize organizational performance , agility, and sustainability—is widely viewed by marketing leaders as the key to future-proofing facebook database businesses. To make the most of digital innovations, companies must be able to determine where to focus their efforts and understand which strategies work best. That’s why having a strong data analytics team that can communicate real-time data insights to the C-suite is crucial to driving meaningful digital transformation.

Companies that build a successful analytics team

More likely to increase revenue, profits, and market share. Yet, according to the Digital Maturity Benchmark , only 9% of organizations are effectively using data and technology to people have changed the way they buy you changed the way you sell? design better consumer experiences. Why?

Through its experience building world-leading analytics teams and working with hundreds of companies, Google has identified 3 core principles that can help companies overcome challenges and build successful analytics teams and strategies.

When investing in your organization’s analytics, prioritize people over tools. Investing in people leads to a flexible analytics capability that can adapt to a changing business environment without locking the company into an unwieldy system of software and tools.
While many Fortune 500 companies have invested heavily in analytics tools, most still struggle to make meaningful data-driven business decisions. This is largely because this investment strategy makes the mistake of thinking that tools, rather than people, are the solution to creating better analytics. Tools alone can only go so far without the right people behind them.

These misguided efforts led to the development

A 10/90 rule for web analytics success: invest 10% of your analytics sms to data budget in tools and the remaining 90% in people. For example, if you pay a web analytics vendor $25,000 for an annual contract, you should be prepared to invest another $225,000 in staff to get meaningful value from that data.
Software systems and professional services from vendors are certainly important components of a successful analytics team. But it is the analysts, not the tools, who transform raw data into actionable insights.
By following the 10/90 rule
CXOs can leverage the winning combination of computing power and human judgment to inform marketing activities and business decisions, and understand consumer behaviors.
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