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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Virtual Reality and Analytics

If you’re not tracking VR analytics, how do you know what works and what doesn’t? How do you prove ROI?

Utilizing quantitative and qualitative data can put you ahead of your competitors.  After all, without analyzing your data within VR is just guess work.

Doing this gives businesses the ability to track users in a 3D space instead of 2D screens. Traditional 2D tracking metrics such as clicks, swipes, scrolls or taps are certainly not the best ways to capture the depth of data available in these 3D environments.

VR specific metrics include Eye tracking to see what draws their attention, user interaction with specific objects, tracking 3D spatial data and biometrics to measure the emotional state of users to name a few.

These metrics are used by businesses to develop better products, train employees effectively and more efficiently and to understand customer buying behaviour.

Read more at: https://www.tobiipro.com/blog/why-vr-analytics-eye-tracking/

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Key to Game-Changing Innovation

More CEOs are recognizing established companies as a more formidable competitor than an outsider. In order to excel in today's game changing competition, we need to understand what game we are playing. At the beginning, employees understand their jobs, later they lack this capability as the company emphasizes more on organizing customers and products rather than their actual reason from where they started. The KPIs stays disconnected from customer needs, leading to disruption of business. Game changing innovation requires us to 1) Step outside of our organization silos by thinking new products and services from customer point of view using newer technologies. 2) Use right incentives and metrics to cannibalize the market in long run assisting employees to link their efforts to over company's strategies. 3) become faster and flexible to respond to the inevitable shifts by simplifying existing decision making processes. Read more at:-http://timoelliott.com/blog/2015/07/3-key-steps-to-game-changing-innovation.html

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KPI to evaluate mobile marketing performance

According to the Eyal Hilzenrat (Vice president of products and partnerships at YouAppi), mobile marketing is the future of marketing and installing the app is the beginning of this journey. And to the performance of your mobile marketing, use the Engagement metrics, Revenue metrics and Interest Metrics. KPI to mobile marketing are:
• Number of times the mobile app was accessed during the first 24 hours / first week (after installation)
• Permission granted to the app
• Time spent in-app
• Number of screens/pages accessed during in-app visit
• Number of subscriptions / registration
• Purchases
• Number of items placed in a shopping cart
• Number of articles read
• Number of pages visited
• Social Shares
• Retention rates
• Brand awareness
Read more at: http://www.adweek.com/socialtimes/top-12-key-performance-indicators-for-maximizing-mobile-app-revenue/621659

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