Marketing Analytics

Description

Organizations large and small are inundated with data about consumer choices. But that wealth of information does not always translate into better decisions. Knowing how to interpret data is the challenge — and marketers in particular are increasingly expected to use analytics to inform and justify their decisions.

Marketing analytics enables marketers to measure, manage and analyze marketing performance to maximize its effectiveness and optimize return on investment (ROI). Beyond the obvious sales and lead generation applications, marketing analytics can offer profound insights into customer preferences and trends, which can be further utilized for future marketing and business decisions.
This course, developed at the Darden School of Business at the University of Virginia, gives you the tools to measure brand and customer assets, understand regression analysis, and design experiments as a way to evaluate and optimize marketing campaigns. You’ll leave the course with a solid understanding of how to use marketing analytics to predict outcomes and systematically allocate resources.
You can follow my posts in Twitter, @rajkumarvenk, and on linkedin: https://www.linkedin.com/in/education-marketing.
Thanks,
Raj
Professor of Business Administration at Darden

What you will learn

Leveraging User Generated Content

Welcome! We’ll start with an overview of the marketing process and the transformational role of analytics. Then we’ll walk through a case study. Ever heard of Airbnb? They’re a powerhouse of the online community marketplace matching travelers to hosts. You’ll see how they use analytics and the surprising results of their analyses.

Metrics for Measuring Brand Assets

Firms spend millions on branding for one reason: It allows them to charge more for their products and services. In this module, we’ll explore this valuable, if intangible, asset. We’ll discuss how to build and define a brand architecture and how to measure the impact of marketing efforts on brand value over time. By the end of this module, you’ll be able to measure and track brand value. So let’s get started!

Customer Lifetime Value

How valuable are your customers? That’s a tough question that we’ll show you how to answer in this module where we’ll explore Customer Lifetime Value, or the future net value of a customer relationship. This forward-looking measure of the customer relationship helps you connect marketing strategies to future financial consequences and invest marketing dollars in the right place to maximize return over a customer’s lifetime. By the end of this module, you will know how to measure customer lifetime value and evaluate strategic marketing alternatives based on whether they improve customer retention and lifetime value.

Marketing Experiments

Ever wonder how much you have to cut prices to drive the most sales? Or which advertisement copy is more effective in customer conversion? Do an experiment! Experiments allow you to understand the effectiveness of different marketing strategies and forecast expected ROI. This week, we’ll explore how to design basic experiments so that you can assess your marketing efforts and invest your marketing dollars most effectively. We’ll help you avoid a gap between your test results and field implementation, and explore how web experiments can be implemented cheaply and quickly. By the end of this module, you’ll be able to design and conduct effective experiments that test your marketing campaigns–and then use the results to make future marketing decisions.

How customers rated this product

5.0

( Based on 25.0 reviews )

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Reviews

Breanna Bingham

Breanna Bingham 7 years ago

The course fails to clearly explain how to use so many of the formulas that the professor just glides over in class. The quiz was far harder than it should have been, mainly because the professor failed to properly introduce and teach students to use the formulas.

Manish Tiwari

Manish Tiwari 7 years ago

Good theoretical knowledge. The program create awareness about Marketing analytics, The program could be improved with more detailed examples across different industry. It would be logical to have a part 2 where theory is applied for practical learning.

Ma. Asuncion Schenk

Ma. Asuncion Schenk 6 years ago

The course was very informative and is easy to follow. The professor has a lot of case studies which shows he is a marketing practitioner and shares real/sample cases that help you better understand the concepts taught (not just theoretically). He also supplemented the class with interview/talks with professionals who make use of ROI, Media Attribution and Data collection and they share their advise to students from their own experience. I truly enjoyed this course and learned so much. I have recommended it to my friends who are market research/consumer insight practitioners.

Stefano A.

Stefano A. 6 years ago

basic. Not advanced enough no real analysis to be done. no hands on activity
the whole course can be summarised with little more then the 3/4 fomula’s cheatsheet + few slides +a bit of common sense.
The level is similar to a 1st year marketing major bachelor degree.

Pradeep Earnest

Pradeep Earnest 5 years ago

I have learnt a lot. Thanks a Lot to Mr.Rajkumar Venkatesan. Very clear explanation on each and every concept. I have learnt how to apply in real time with the real time data. Great Learning.

saumya sinha

saumya sinha 5 years ago

A very good course. If you are a beginner, excellent knowledge gain. If you are a veteran, brilliant refreshing of important concepts and key market indicators. In short, a course worth doing.

Abdul Khadeer

Abdul Khadeer 4 years ago

I am really happy and proud of myself to having completed this course which i really anticipated to finish. It gave me an insight into how various tools and guidelines are being made use of by marketers to measure or assess the effectiveness of marketing spends. The concepts of Brand Personality, Marketing Experiments, ways of conducting marketing analytics, regression analysis have all added a whole new dimension to my understand of Marketing. As a sales professional i can only say that i feel enriched and blessed to be able to learn so much in such a simple and fun way without the need to shell out huge money.

Khanh Pham

Khanh Pham 3 years ago

I have reached week 4 of this class, and so far, this class has helped me a lot. It’s not an intensive class, but for a beginner like me, this provides me with an overall grasp of the field.

Mandeep Gulati

Mandeep Gulati 3 years ago

This course lacked in depth and breadth of content. It was so light and basic, it took me 5 days to wrap it up

Neeraj Singh

Neeraj Singh 3 years ago

I thoroughly enjoyed this course. full of knowledge. Thanks Rajesh sir, for preparing this course

SUBHRANSU SEKHAR CHAKRAVARTY

SUBHRANSU SEKHAR CHAKRAVARTY 3 years ago

It was very helpful for my marketing career.The interview with the real world marketing experts at the end of the course also helps and encourages a lot. Thanks to Raj Venkatesan sir for his effort.

Md. Sayeed Al Mamun Anik

Md. Sayeed Al Mamun Anik 3 years ago

It is a fantastic course. Before taking this course I only thought that marketing is all about theoretical and survey based. After going through this course my outlook has changed. Marketing has so many analytical and mathematical issues like brand value calculation, regression analysis of marketing, customer life value calculation etc. All these analytics really provided me a better insights on marketing aspects. Special thanks to Professor Rajkumar Venkatesan, University of Virginia and Coursera for offering this course. Highly recommended to those who wants to learn marketing analytics.

Malik Teel

Malik Teel 3 years ago

The instructor was extremely hard to understand at times due to his accent, and I personally feel topics could’ve been explained more thoroughly and clearly for easier understanding for the students.

Shantanu Sharad Mayenkar

Shantanu Sharad Mayenkar 3 years ago

This is one of the most terrible courses on Coursera. Thank God I received it for free and wasted no more than 3 days. The instructor cannot impart knowledge well. The course itself is not meant for beginners. So be careful before wasting your time and (money). The presentation is sub-par. What the instructor writes and speaks can only be understood by him. Somehow you will be able to drag through two weeks of material. But when you reach the third week, you will realize that you have wasted your precious time. The formulas are just rushed through. And the new terms are not even explained before being introduced. If you are not fond of complex calculations, kindly opt-out. Don’t believe me? Check out the discussion forums, the people there have no idea either. They just type random stuff to see what others are typing. The instructor’s accent (Indian) makes it worse. And trust me, this review is coming from an Indian. I don’t know what’s it going to take for me to convince you, but the fact that it was pretty low on ratings on classcentral.com and other things should give you a clue. Also, I wouldn’t waste so much time to convince you guys. It’s not worth it, even for free! To be honest, this course makes a mockery out of Darden School of Business. Check out other courses from lower-ranked colleges, you will be surprised how fun it is to learn using MOOCs. Thank you for reading such a long review but I think everybody should know what lies ahead!

Roberto Ernesto De León Plicet

Roberto Ernesto De León Plicet 3 years ago

This is a great course for someone that is getting marketing metrics classes for the first time. I think the best part was the week 5 final quiz. I really enjoyed the fact that the emphasis of the quiz was on understanding the ideas behind the numbers and not on doing endless calculations. I do understand that in order to master the subject you need to practice the math but before that you really need to understand the concept behind the numbers (this is extremely important in all math related issues).

Sophia Whitaker

Sophia Whitaker 3 years ago

This was a good and challenging course. It really gave me the basic foundations of marketing.
It challenged me to think and I enjoyed the projects that were incorporated to give hands on training.

Aninkan Ghatak

Aninkan Ghatak 3 years ago

Great course.Coursera provides wonderful opportunity for analytics learners through the course.Well designed course packed with assignments.Just Loved every lessons of the course.Thank you Coursera.☺

Varun Sagar Theegala

Varun Sagar Theegala 3 years ago

An amazing course for anyone who wishes to know how analytics plays a role in various aspects of marketing. The modules centered around marketing process, branding , CLV , brand value and use of regression for marketing decisions were very informative and crisp. The quizzes and assignments were extremely useful to test and apply concepts learnt in modules . The instructor Raj and his team have done a great job in making this course.

Varun Mishra

Varun Mishra 3 years ago

For a person, like me, Analytics has always been an integral part of my profession. Working on different Analytical Models and Data, I was always inclined towards Marketing Analytics. This course is well developed by Rajkumar Venkatesan Sir and has a wonderful syllabus too. I’m happy that I took the decision and enrolled myself in this course.

Maumita Panja

Maumita Panja 3 years ago

I thoroughly enjoyed this course. I now have clear concepts regarding marketing, brand asset evaluator, brand architecture, designing marketing experiments and regressions. The course has very impeccably integrated the analytics aspect with the core marketing concepts. Also, a big shoutout to Professor Venkatesan for delivering the lectures in such a fun manner, Loved the addition of squash in every quantitative episode. I would highly recommend this course to anyone who wishes to pursue a career in marketing .

Jeffrey T. Yulo

Jeffrey T. Yulo 3 years ago

Very insightful course. Thank you very much Coursera and University of Virginia Darden School of Business for this learning opportunity with your Coursera Together initiative. Professor Rajkumar is really an expert and a great instructor. He made the learning valuable and enjoyable. The squash thing is so humorous and definitely a sign that here we are again with numbers! Haha! With regards to the syllabus, it really discussed about the fundamentals of Marketing Analytics and the level of difficulties as basis of the sequencing of the lessons is very ideal. Simplified learning of regression analysis and practical application. Marketing Design Experiment concepts. The activities/assignments let me applied what I’ve learned. It was awesome. Recommended to everyone who wants to learn Marketing Analytics and use it in their Sales and Marketing projects, campaigns and investments. Worth it!

M SUDHAHAR

M SUDHAHAR 3 years ago

1.Excellent way of presentation of topics, i.e., minimum one minute and maximum 9 minutes are used for presentation.
2.Very clearly and to the point explanation with smiling face, which made us to listen properly and creates interest to search the google for value addition.
3.Course covers from the basic of marketing process to using simple, multiple, dummy variable regression and up to the log log regression clearly.
4. Mr. Rajkumar Venkatesan is an excellent teacher. He is the man of humble, positive and gentle attitude and teach the subject in joyful way.
Excellent course teacher

David Speakman

David Speakman 3 years ago

Quiz questions are filled with misspelled words, incorrect & thus confusing grammar, additional random words or letters that add to the confusion. Also, questions are vague and answers are specific and visa-versa. This makes the corse not about learning or testing one’s knowledge, but instead about guessing what the question writer was thinking at the moment they wrote the question. If the material was presented with clearer communication, the quiz questions and answers used correct grammar, spelling and appropriate parallelism, this course would be educational. Until those changes are made, this course fails to be educational to those of us who are not clairvoyant.

Shubhanju Khanna

Shubhanju Khanna 3 years ago

This course was really very well designed and it will definitely help me to interpret the marketing data and analyse it in the right way.
thanks to the instructor for making such a great course.

Riti Newa

Riti Newa 3 years ago

Very helpful and extremely relevant to the present context. As a market research analyst, it deepened my understanding of the many marketing terminologies and jargons and also helped me with my job.

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