New Google Analytics Brings in Customer-centric Measurement, YouTube Conversions Reports and Much More
The world’s most trusted website and mobile webpage analytics tool, Google Analytics has announced a series of new features and Machine-learning based consumer behavior tracking capabilities. These ML-based website analytics features would help millions of Google Marketing Cloud users who use Google Analytics to track, analyze and plan their content marketing and mobile marketing strategies. By enabling superior customer behavior analysis and creating suitable customer experiences across all platforms, Google is transforming businesses, as a majority of large and small scale commerce groups now move their operations online, leveraging Google’s marketing channels, including G-suite(which is now Google Workspace, Google Analytics, Maps and YouTube – the world’s largest video library).
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Google Analytics 4
Google Analytics 4 can now be linked with your existing properties, delivering a poignant and more intelligent foundation for all your Web+App properties. It has machine learning at its core to automatically surface helpful insights for website marketing. It not only gives you a complete understanding of your customers across devices and platforms but also guards your data with better privacy. With the industry slowly but surely moving to a dedicated First-Party Data economy, cutting down on cookies and third-party identifiers, the new Google Analytics 4 is the future of conversion metrics built contextually for every marketing team.
Digital users are laser-focused on trying whatever new Google Analytics has to provide to improve customer-centric insights from digital analytics tools. In a survey from Forrester Consulting, marketers said that improving their use of analytics is a top priority, and that existing solutions make it difficult to get a complete view of the customer and derive insights from their data.
How Google Analytics Helps You Make Smarter Marketing Decisions
Google Analytics is now offering seamless integration across all Marketing products, which makes it very easy for users to learn and measure the ROI of every marketing campaign. In sync with Google Ads, these reportings help users to take ample measures towards creating new opportunities to acquire, engage and retain audiences. This is entirely based on contextual targeting, advertising and delivering personalized experiences that are not just helpful but also engaging with your business.
Vidhya Srinivasan, Vice President, Measurement, Analytics, and Buying Platforms, at Google wrote in her official corporate blog:
“By applying Google’s advanced machine learning models, the new Analytics can automatically alert you to significant trends in your data – like products seeing rising demand because of new customer needs. It even helps you anticipate future actions your customers may take. For example, it calculates churn probability so you can more efficiently invest in retaining customers at a time when marketing budgets are under pressure. We’re continuing to add new predictive metrics, like the potential revenue you could earn from a particular group of customers. This allows you to create audiences to reach higher-value customers and run analyses to better understand why some customers are likely to spend more than others, so you can take action to improve your results.”
More Features that Help Online Marketers Bridge the Mobile and Website Analytics Gaps
Google’s ML-based new approach addresses longtime advertiser requests, enabling users to accurately measure app and web interactions together.
These can also be pinned with the conversions from YouTube engaged views, based on analyses that occur in-app and on the web in reports.
In addition to providing the lastest personalized audience acquisition trends to digital marketers, Google Analytics would also offer how customers behave across their online journeys across the web, mobile and other ad-based applications where you can track and attribute analytics through engagement to conversion to retention.
Vidhya writes, “… you can see what channels are driving new customers in the user acquisition report, then use the engagement and retention reports to understand the actions these customers take, and whether they stick around, after converting.”
Future Enhancements on the Way
Officially, Google has confirmed that the Analytics platform would witness many new properties and additional investments would be made to help marketers fulfill their existing and future goals using Google Analytics.