Monday, June 27, 2016

New partnership with Visual Website Optimizer: taking A/B testing and personalization to the next level.

Front-end processes optimization must include A/B and multivariate testing. You should be doing A/B testing. Ducks|in|a|row makes it much easier for you know!


We are very proud to announce that we have closed a partnership with Visual Website Optimizer for Spanish-speaking regions (Spain and LATAM). This will allow Visual Website Optimizer to consolidate its presence in Spanish-speaking regions by having experienced consultants offering services in local language and local support. At the same time, this will allow Ducks|in|a|row to consolidate its services of Conversion Rate Optimization, UX, and Digital Analytics, by offering services via one of the most used tools in the world for A/B testing. Actually, is one of the best tools for Conversion Rate Optimization.



What is Visual Website Optimizer?

It's an easy to use A/B testing tool that allows marketing professionals to create different versions of their websites and landing pages using a point-and-click editor (no HTML knowledge needed) and then see which version produces maximum conversion rate or sales. Integrating the split testing software is dead-simple: copy-paste a code snippet in your website once and you are ready to go live.
Visual Website Optimizer is also a flexible multivariate testing software (full factorial methodology) and has number of additional tools like behavioral targeting, heatmaps, usability testing, etc. With 100+ features in Visual Website Optimizer, you can be sure that all your conversion rate optimization activities are covered by our product.

Very quick: what is an A/B test?

Imagine you have detected some issues in your website. For instance, a low product-to-cart rate, that is, lots of users actually see your product descriptions, but very few add the into the cart. You can then start listing your hypothesis on why is that actually happening. A/B testing allows you to prove or disprove such hypothesis by showing several versions of the same content to different users. In this ways we can dismiss any seasonal effect that could affect your website if the changes are not tested in this way. Concretely:



By applying statistical methods we can determine which version behaves better with respect the established goals (purchase, add-to-cart, time on page, etc.).

The A/B testing cycle goes as follows:



Let's go step by step:

1. Opportunities: what to test? It could be a section of your website that is not properly working or just another section you want to leverage. It could be a single element of the page (a button), the entire page, or an entire process. This information can come from different levels: web tracking tools, heatmaps, surveys, etc., and it's fully linked to the knowledge of the business.

2. Expected turnover: what do you expect to have in return?

3. Priorization: with respect the technical needs and the expected turnover, you must score each possible test.

4. Objectives and segments: who is going to take part of the test? Are all users? Only new users? Only users who spent more than 1 minutes in your website? What should be considered a success? Is it a purchase? Is it viewing more than 3 pages of the website?

5. Implementation: actually inserting the tags in the website and make sure each user sees only one version of the experiment (this is a basic step in order for the math to be correctly applied).

6. Follow-up: was the test successful? Do we have a clear winner? Should we restate the terms of the test?

We will be giving more detailed information and tips for A/B testing in coming posts!

If you want to know more about the services of Ducks|in|a|row with respect A/B testing and Conversion Rate Optimization, click here.

If you want to know more about Visual Website Optimizer, click here.

We hope this partnership will bring Visual website Optimizer and Ducks|in|a|row a great value by having a great tool served by great consultants with very happy customers!

Monday, June 20, 2016

A truth behind the lead business: a comprehensive approach (or the onion approach).


We are obsessed with improving our conversion rates while keeping our traffic levels. But, is this the right approach? I would say yes and no, bust mostly no. Let's see why.

Lead business is a very complex one. And, as we said in our initial post, complexity matters!

Before jumping in to a discussion regarding leads, let me recall a situation we faced time ago when doing consultancy for an e-retailer (a very big one, by the way). They were having a wonderful situation: around 20 million monthly sessions with around 3% session-to-order conversion rate, very high average order value, and pretty good margins. We were able to close a meeting and we offered them the full artillery: UX enhancements, fine tuning of the tracking tool continuous A/B testing, heatmaps, and so on. They told us: no. Surprised by this answer we asked: Why not? We were offering them a very good deal: very low fix fee and a high variable based on success (we did that because the site was horrible: we already identified couple of opportunities that could improve the conversion rate). They replied: we don't have the enough logistics resources to handle the extra amount of orders that would come! Ok. Lesson learned.

Some years later we came with a similar case. The context: traditional insurances company (life, car, and home) starting developing a digital presence. They had a horrible website that was generating around 500 leads per week. As soon as we saw it we wanted to offer the same service we offered years ago: conversion rate optimization, UX enhancement, full deployment of Google Analytics, etc. That is, we used to see the situation as:



However, as a side note, a comment from one of our analysts came to the deck. "Wait!" he said. This might not be the right approach. "Let's recall the e-retailer situation we faced years ago!". Indeed, let's take a picture of the current situation. Concretely, let's take the first step towards a comprehensive picture:

- 500 leads per week generated through the website.
- 2% lead-to-policy conversion rate (which takes place offline, via a phone call). This means 10 policies per week (simple math).
- To make 500 phone calls a week, they needed 2 full-time resources.
- The cost for a full-time resource was equivalent to the revenue generated by 4.5 policies. In other words, the "actual margin" is around one policy.

Now our landscape is broader, much broader!



With some basic enhancements to the website, we could increase leads by, let's say, 50% (site was really ugly). With more simple maths we say that we could have 750 leads per week generated through the website. But now the key point is that the lead-to-policy ratio would not necessarily change! This means that they would just increase the total number of policies up to 15! We always say that we need to ask the right question. At this point the right question to ask is: how many full-time resources do we need to handle 750 phone calls per week? A simple cross-multiplication shows us that we would need 3. This extra resource would cost us another 4.5 policies. In other words, the total cost for the 3 full-time resources would be 13.5 policies, so the actual margin would be equivalent to 1.5 policies! Wow! We did a lot of work to improve the website just to raise our margins by half a policy! This at the end means that, with the current set-up, the business does not look scalable. Or, in other words, more does not necessarily mean better. Even worse, what would happen if a sudden pike (seasonal pike, or a pike due to a sudden reduction of the prices, or by a sudden increase on your competitors prices, or by a sudden increase on traffic due, for instance, by an important investment on marketing) occurs? It's simple: the 3 full-time resources will not be able to handle all phone calls on time. In the insurances universe, if you don't handle a call soon you have high chances to loose it.

How do we solve this? Here we will apply the "onion strategy". Imagine your processes as an onion, and each one of the sub-processes are a layer of the onion. The basic idea behind this approach is that you should start optimizing processes from the end of the journey to its beginning. In this way, as the user flows he will always step towards a process that we already tried to optimize. In the case of the insurance company, the first thing we offered them was to understand whether we can improve the lead-to-policy rate. Here a new world appeared in front of our eyes: we taught them not to follow all leads (we implemented very cool models to prioritize the incoming leads), we taught them to catch the necessary data to understand why a lead converted or not into a policy, etc. At the end we were able to improve the lead-to-policy conversion rate up to 15%!. At that moment we were able to improve the website in order to bring more leads. And after that we were able to optimize the traffic sources, the prices, and to understand the competition, in order to have under control the total amount of sessions reaching the website. We got then a much broader landscape for the situation:



Despite this is a very simple representation of the full process that ranges from the intention to an actual policy, the exercise behind it is very insightful. And this is not only about data but about business. The full exercise of depicting the concrete steps through which the user flows up to becoming a client can only come from a deep knowledge of the business. Then, and only then, data science and tools appear. As we always say, the key point is to formulate the right questions. Then you find the data to answer them.

As a summary always keep in mind:
- More does not necessarily mean better.
- Broad your landscape until you have all the steps that can be improved or optimized.
- Think about the consequences the optimization of a step have to the whole process.
- Follow the onion approach: improve the latest steps of the whole process first and then improve backwards.


Good optimization!

Monday, June 13, 2016

Chicken or the egg dilemma: tools or analysis, what does come first?

We need to install the tool X, said the CEO. How much does it cost, asks the CFO. Why do we need it, asks the analyst. There is not a best-tool-for-everything. Your own and unique context should determine the right tools for your company.



This post can be thought as a continuation of our previous post called "The broken pyramid, or the hungry hungry hippos game". In that occasion we discussed what happens when a company decides to stop the data-related processes at the reporting step and forget about further analyzing and predictive analysis. In this post we are going to discuss what happens when a tool is chosen without contemplating the scenarios for its usage. This is another major disaster. Let me recall four different stories I've faced in the last years.

The current tool is the worst you could ever have.
We were doing consultancy for an e-retailer in the European market. The company decided to open a new channel: Wines. For this sake, they hired an experienced Wine buyer and expert in its logistics (pretty fascinating, by the way). The guy, as we can imagine, had no experience in the digital world, and hardly used data for its strategy and daily operations (according to Avinash, these ones should be immediately fired). It was a promising start! Right after he joined I was explaining him how to use our BI tool (Qlikview). He did not seem impressed. When I asked him why he answered: "SAP is the best tool for this kind of things". Of course, we did not implement SAP. For the business complexity the company faced at that moment, Qlikview was more than enough. Actually, it still is. He never used Qlikview, he never used data. He was fired three months after.

The best-tool-according-to-the-CEO.
Another situation I can recall is when the CEO of another e-company came to me and said: I've been in a conference, and now I'm convinced this is the tool we need for A/B testing. I don't recall the name, but it was not one of the most used tools in the market. The tool was very complex to implement, the setup of every test was a nightmare and we hardly managed to implement a single complex test successfully. And, of top of that, it was very expensive. Result: no more A/B testing because "it's a framework that brings no added value" (sic). Pretty disappointing.

We have a great tool but lets try another one.
Another situation that needs to be avoided relates to the fact of changing of tool with no apparent reason. I remember another situation in which we were using Google Analytics for web tracking. The CIO came to us and said that he managed to get a free trial for another tool (Mixpanel). We were reluctant because the tool we were already using (fully deployed and operational) was enough for our present and short and mid-term needs. We were happy with it, users were empowered, lots of decisions were taken out of it, and we did not understand why we should try another one. We implemented Mixpanel while in parallel we were working with Google Analytics. Of course, we could not use all Mixpanel's features and the final result, according to the CIO was: "Mixpanel is a bad tool", which is totally inaccurate. The implementation of a tool requires time and focus. If you don't have them, don't start a new implementation.

I need this-and-that but I will use none.
Knowing and understanding the needs is as well a very complex task: we were doing that job for another company and I recall a CMO saying that he wanted a BI tool with real-time reporting capabilities. When I asked him why, he was not able to answer. He just wanted it, despite having no resources and no process defined for reacting based on information that arose from real-time data collection. Result: we implemented something (very expensive) that can be translated as "real-time". It was hardly used. After tons of money spent and an extremely complex implementation, we came with a tool that had lots of features but were, by far, underexploited.

Based on these four (horrible) experiences, we can tell that the tool is the result of your needs, and it deeply depends on your own and unique context. The opposite will hardly work. This, however, is a very complex process, and you need to proceed thoroughly in order to get the best tool possible for your case. Communication with the stakeholders is the key: know their needs, know the current status, know a roadmap for the short and mid-term, etc. If you can't do this by your own, I strongly recommend you to hire a consultant to do this job with an independent view. 

To summarize, take always into account your context in the moment of deciding which tool to use:

- Talk to every potential user of the tool.
- Establish realistic needs.
- Stick to the tool unless a new set of realistic needs appears and your current tool can't fulfil it.

And, last but not least, remember the 90/10 rule: 10% of your budget for tools, 90% for people exploiting them.

Good hunt! There is always a right-tool if you understand your context.

Monday, June 6, 2016

Beyond selling products: listings and GA's enhanced e-commerce

Sell more. More bookings. Leverage the best-sellers. Everywhere. Is it the right tactic? Probably there is something smarter you can do to sell better.



I'm one of those still subscribed to many newsletters. Today I open one of them, from an online retailer, entitled "Check our best-sellers". I click over it and find, with not-so-big surprise that the list of products (five, and hardly more than five) is listed everywhere. I can imagine the situation: some Manager thought that the best way to proceed was to list the best-selling products everywhere. In this way what we achieve is not a best-sellers strategy but an only-seller strategy (or few-seller strategy).

Here we reach the key point of today's post: product lists is the new kid on the block to optimize. So far we use to optimize our pricing, communication, and merchandizing strategy based on the sales performance of a given product. Maybe, in a second iteration we include traffic (sessions, users, or even pageviews - or unique pageviews) and conversion rates. A traditional visualization for this is to relate the bookings and the pageviews generated by a product and mark four different areas:

- Cash-cows (low pageviews, high bookings)
- Stars (high pageviews, high bookings)
- Normal (average pageviews, average bookings)
- Problematic (high pageviews, low bookings)


Several variations can be also considered: revenue instead of bookings, pageview-to-unit conversion rate instead of pageviews, etc. But still, we use to consider the product as a silo without considering where it was seen or listed in the website, or even where has it been added to the cart from. So, let's take for example two products, one falling in the cash-cow category (few pageviews, high bookings) and another one falling in the Problematic category (high pageviews, low bookings). At this point we can formulate some questions regarding those pageviews generated:

- From which devices?
- From which traffic sources?

And, the new one:

- Where in our website or app was this product seen? Was it in the homepage? Was it at as a result of a search? Are there differences on performance depending where on our website we show the product? Does it make sense to promote those products in the same places through our website or app?

It might be the case that product A (the cash-cow) is listed in the homepage and, for example, in a category overview, and that product B (the problematic one) is listed only in the homepage. In this case we should analyze the ratio of sales (or cart entries) and impressions, segmented by the location in the website or app where the product impression took place.

This topic gets more importance as the concept of list is rapidly spreading over the businesses. The traditional concept of category is being replaced by meta-categories, by personalization, by searches and refinements, etc. The concept of category pages and the concept of static product showing is gone: lists are replacing them. Furthermore, lists are dynamic as a result of our own browsing experience and personalization efforts.


Fortunately, tools are very aware of this, and this time we want to go through the basics of Google Analytics' Enhanced E-commerce. You will find the full information about the reporting capabilities and technical instructions here. To give you a glance of the kind of reports you can find, we can state:

  • Goal funnel analysis: how users flow through your goal funnel, where did they abandoned it, and how many re-entered it.
  • Checkout behavior analysis: how users flow through the different steps of your checkout process, how many abandon it, and in which steps. The interesting part of this is that you can later create segments of users based on their behavior on the checkout. For instance, those who reached step 1 but not step 2!
  • Product performance: these are the reports that relate sales performance (bookings, transactions, quantity, etc) with shopping behavior (product listings views, product details views, product adds to carts, product removals, and their correspondent rates).
This feature of Google Analytics allow us to understand better how a product performs also in terms of intention of purchase by relating some concepts of its merchandizing (such as lists and internal promotions) with its sales performance. This will help us to find the better placement(s) for a product, or a set of products in our website or app.

As always, the power of this tool also relies on the segmentation capabilities. Understanding the lists' behavior over different devices, user type, traffic source, etc., allow us to serve a better user experience. Placing the right product in the right place is a must-have on your merchadizing strategy, and it's something that traditional off-line retailers have been doing for a long time.

Just to finish, a plea to e-retailers: stop pushing products all through your website. Stop sending me every single product that can be purchased. More does not necessarily mean better. Every product has its right placement(s). You just need to find it (them). Enhanced e-commerce will allow you to do so.

Monday, May 30, 2016

I want to measure everything. I want it all. And I want it now.


The most-heard sentence from Managers: we must measure everything. However, this is far from being true. Not everything must be measured.



Lets imagine you own a business. An e-business. Maybe successful, maybe not (yet). You are in the moment in which you consider implementing a tracking tool (Google Analytics, Omniture, MixPanel, etc.). Then the fateful sentence comes: we must measure everything. Please track every single click, every single action, every field entered in a form, etc. EVERYTHING! Usually when a Manager is asked why everything should be measured he answers: because everything can be optimized with data.

At this point two sentences crosses the Manager's mind:
"In you can't measure it, you can't improve it".
"If you didn't measure it, it didn't happen".

The first sentence is absolutely true in almost all situations. The second one would need some elaboration. Indeed, is true: if you didn't measure it, it didn't happen. My question, as an analyst, is: "Yes, we did not measure it. Yes, indeed, it did not happen. So?". I will state it very clearly here and now: it's not mandatory to track everything. Why? Simply because you can't optimize everything at the same time, or simply because the benefit of optimizing some features is insignificant.

When we measure everything we overcomplicate the implementation. It becomes a pain, it becomes never-ending. The analyst is always thinking what to measure instead of actionating the data that arises from the current implementation. The tool's interface turns into a nightmare: sampling, unclean data, impractical volumes of data to process, etc. The answer to this is: keep it simple.

How do we keep simple a tracking tool implementation? The key is to design Measurement Plans. Avinash Kaushik expresses this in a majestic way. A Measurement Plan consists of five steps:

- Goals: identify the business objectives (sell more, get more leads, increase CLV, decrease returns, improve margins, etc.). According to Kaushik's framework, the Goals must be Doable, Understandable, Manageable, and Beneficial).
- Strategies: for each objective identify crisp goals. They must be specific in the sense that they will be used to accomplish the goals (increase repurchase ratio, increase new users, decrease budget for some marketing campaigns, etc.)
- KPIs: no need to say what a Key Performance Indicator is. Of course, there are metrics that will tell you how are we doing with respect the established strategies.
- Targets: not mandatory but very useful. They are used to establish an end-point for our KPIs.
- Segments: The most important part of the plan. We take segments of users or behaviors that we'll analyze in order to understand where the fail or the success is (new users, paid campaign users, mobile users, users that land in the homepage, etc.). This is the hardest point within the Measurement Plan, and this is really where actionability arises.

The measurement plan is devoted to actionability. Whatever it brings no action is not a valid Goal or Strategy. A KPI or a segment that is not devoted to fulfil a strategy is not useful. At the end is very simple. If your Measurement Plans does not consider that a given button should be tracked, don't track it! If your Measurement Plan does not consider that the fields of a form should be tracked, don't track them! If your Measurement Plan does not consider that scrolling should be tracked, don't track it! In this way you will have a clean tracking tool interface full of data that can be transformed into actionable information.

Ideally the Measurement Plans are build by the team of analysts. They (should) know the business and they (should) know the technology. They are able to talk to the Business stakeholders and talk to the developers. They can gather business requirements across the company, think about business opportunities, and transform them into technical specifications. They are also able to gather all the data, build the KPIs, compare them to the targets, and recommend actions. In other words, they must take ownership of the Measurement Plans, from its conceptualization to its implementation.

At this point, I want to recall Kaushik's "Three Layers of So What" Test. It's a very simple test that will help you to decide whether a KPI (or a metric) is useful or not. Against every metric you want to report ask the question "So What?" three times. Each question provides an answer that will raise another question. If at the third time you don't get a clear action that must be taken, then you just face a nice-to-have metric and not an actionable one. Non-actionable metrics keep the focus off what is really important. Non-actionable metrics and, hence, non-actionable tracking, is like having Diogenes syndrome for data: you collect, collect, and collect data without extracting any useful information from it.

Last but not least, don't fell guilty for leaving features of your site without tracking. Feel proud for the recommendations to actions taken from the tracked items. And, again, keep it simple.

Wednesday, May 11, 2016

Using data effectively. I bet you don't!

Every company has data. Every company understands (or should understand) the value of data. But, are you using data in an effective way?

According to FORTUNE, in a post early this year only 27% of C-level executives think their company makes "highly effective" use of data. Now, the question is: is your company making "highly effective" use of data? Or even: is your company making "effective" use of data? Or even more: is your company using data?

Every company has data, and working with data is simple to start: just start collecting and processing some data. You will find very soon that making a (highly) effective use of data is much harder than desired. In any case, I can focus for the rest of the post in the case in which your company uses data.

The key (and very complex) exercise is to define what (highly) effective use of data mean. Let's do it in the opposite way: let's define what an ineffective use of data mean by pointing out some situations that we've found over the last years. Will you be able to pass these tests? And, please, be honest!

Test #1: Which three indicators you check every morning when sitting at your desk? If you can't answer this question with a clear set of KPIs or with a clear set of dashboards, then your company is making an ineffective use of data.

Test #2: Do you have any doubts about the data you retrieve? Is it reliable? Is it clean? Is it readable? If one single answer is "no", then your company is making an ineffective use of data.

Test #3: Does data take ages to be retrieved? Then your company is making an ineffective use of data.

Test #4: Can you retrieve joined data from different sources? If not, or if you need to manually join it, or some sources are not accessible, then your company is making an ineffective use of data.

Test #5: Can you read and relate large amounts of data? If Excel is not enough and you use no other tool to do so, then your company is making an ineffective use of data.

Test #6: Can you retrieve simple data by yourself? If you need permanently to ask for help (either because the systems are too complex, or because you simply don't want to do it by yourself), then your company is making an ineffective use of data.

Test #7: Are the insights properly communicated and understood (not necessarily agreed) by everybody? If data is misunderstood, or poorly communicated, then your company is making an ineffective use of data.

Test #8: Are you having tons of bureaucracy that keeps relevant information from reaching the decision makers who need to see it? Then your company is making an ineffective use of data.

Test #9: Do you figure out the specific question you need to answer, and then determine whether the right information exists and where it's located in the organization? If not, then your company is making an ineffective use of data.

Test #10: Do you take actions out of the data and insights? If not, then you only face nice-to-have data. Hence, your company is making an ineffective use of data.

Your company will achieve a truly data-driven culture if and only if none of these 10 situation take place. So, how do we solve them?

Solution for #1: Define KPIs, organize them, and conceptualize dashboards. Start with a napkin, then draw them in a piece of paper. Have somebody generating a pdf file with them and make sure they are in your inbox every morning. Then evolve with a BI tool.

Solution for #2: If data is not reliable then you must investigate if the source is shaky, the retrieval processes have flows, or the consolidation and calculation rules are buggy. The first case would probably require data-freezing processes and rules. The second and third cases would probably require new data manipulation rules.

Solution for #3: If data takes a long time to be retrieved, you must investigate the cause. It can be that the sources are slow to access and retrieve. It can also be that the transformation and manipulation processes are buggy. It can also be that the reporting tool is not optimized. Last but not least, it can also be that your BI department is flooded with requests.

Solution for #4: If you have many sources that need to be accessed and joined, then you must define ETL processes (Extract, Transform, Load). If the volume and number of sources is really big, then a data warehouse is a good solution.

Solution for #5: First you need to wonder whether you actually need such amount of data. Data pre-processing and calculation at the server side are good ideas as well. If not of these apply (despite I bet they do), then you must find a tool able to read such amount of data.

Solution for #6: Empowerment is a must-have in any data-driven company. Start by saying no to silly data requests. Train your people. Make it simple: implement a reporting tool and teach people how to use it! You can start with fact tables that can't be modified. Then (much sooner than you think) users will start asking for the edition capabilities!

Solution for #7: Check where the bottlenecks are. Make sure your analysts develop soft skills such as communication techniques. Apply Barbara Minto's Pyramidal Principle to your communication techniques. Avoid presentations with 1000 slides. Focus, focus, and focus.

Solution for #8: Again, check where the bottlenecks are. Make sure decision makers can read data (and make sure they use it!). Improve transparency at the BI or Analysts department, and make sure to have proper feedback loops.

Solution for #9: Please avoid the Diogenes Syndrome for data. Don't store ALL data waiting for a miracle to occur and insights appear out of them. Know your business and identify the pain points. Then, and only then, figure out which data is needed. If the data is there, use it. If not, start recording it now!

Solution for #10: Avoid having too many operations and strategical dashboards. Kill the non-essential indicators. A good hint here is the Three Layers of So What test. Ask every indicator or analysis or insight the question "so what" three times. Each question provides an answer that in return raises another question (a "so what" again). If at the third "so what" you don't get a recommendation for an action you should take, then you have the wrong information. Kill it.

In any case, if this sounds complicated or unachievable, reach us: info@ducks-in-a-row.es.

As a summary, data is devoted to actionability. For this to happen it must be accessed, relied, and properly communicated. Then and only then your company will be making a highly effective use of data.

Monday, February 15, 2016

The broken pyramid. Or the hungry hungry hippos game.

I already heard this story too many times: why do I need to hire analysts if we can build awesome dashboards with this amazing-and-expensive tool? With this mindset, your company will start to play the hungry hungry hippos game.





Ask not, what your data can do for you. Ask what, you can do for your data. When managers delegate the responsibility of analyzing and interpreting data to each department or stakeholder, each one of those transforms into a hungry hungry hippo, trying to catch for themselves all the possible amount of data without contemplating the full landscape, or even fighting against other departments for the insights, data, and information. Furthermore, when managers consider that a Business Intelligence department does not need to go beyond reports and dashboards, they are automatically delegating the responsibility of data interpretation on possibly non-expert eyes or heavily-biased eyes.

In other words, they are breaking the following pyramid into two pieces:


Furthermore, by thinking that having a possibly-very-expensive reporting or BI tool (Qlikview, Tableau, Pentaho, Business Objects, etc.) is enough, they just ignore the real power of data. Who is going to make unbiased predictions? Who is going to play the devil's advocate role? Nobody. Data analysis is much more than gathering, charting, and reporting data. Is about asking the right questions and try to foresee the answers by means of data. Tools are necessary. And expert eyes heavily trained on read them and challenging them is also a must-have.

The analyst role is not only about try to find what data can tell. It's about being continuously challenging the status quo and try to make things to work different. And this sentence applies in the two most-common scenarios: either to turn around a dangerous situation, or either to leverage and boost business opportunities. For this, the analyst should be able to speak business language. Reports, charts, and data sets don't speak it. Predictions and actions, together, do.

Don't let your company become a hungry hungry hippo. Make predictions. Test. Innovate. Don't think analysis is just reporting. Invest on people and tools. But always have in mind that tools are just a small part of the road. Analyst will walk the rest.