Marketing Analytics
Marketing analytics is the practice of measuring, managing, and analyzing marketing performance to maximize its effectiveness and optimize return on investment (ROI). It involves the systematic use of data and analytical tools to evaluate the success of marketing initiatives by tracking key metrics like website traffic, conversion rates, and customer lifetime value. By transforming this data into actionable insights, businesses can understand customer behavior, attribute success to specific campaigns, and make informed, data-driven decisions to improve future marketing strategies.