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‘Analytics as a Decision-Making Tool’; Metrics Work Best as a Means to a Well Thought Out End

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“How do you change your habits after you’ve learned about analytics?” asked Vidisha Priyanka (pictured), visiting instructor at the University of South Florida and a former interactive learning manager for the famed Poynter Institute, in a discussion we had on content metrics here a couple years ago. “How will it change your daily habit of writing and reporting and engaging your audience? How do you understand when your audience is trying to engage with you? And who is your audience?”

Most editorial people are not data and analytics experts, myself included. Yet as our world becomes more and more digital, so many more metrics have become available to us. It used to be having a high open rate and few unsubscribes would allow you a good night’s sleep. Now page views, time on page—the trendiest metric—scroll depth, shares, printouts and even absence between visits can each keep us up at night. (Absence may make the heart grow fonder but perhaps not the reader.)

“And what about drop-off rates?” Priyanka continued. “I’m reading an article that you’ve written and you poured your heart and soul in it, but people are dropping off after four paragraphs. So how do we improve your writing or presenting skills? What do you do with multimedia content? How do you add a visual or a graphic? So we talk about analytics not just as numbers, but analytics as a decision-making tool.”

What triggered my recollection of Priyanka was an email exchange this week with Davide Savenije, editor in chief for one of the fastest growing publishers, AM&P Network member Industry Dive and its 23 newsletters. Like Priyanka, they view analytics and metrics as a way to get better.

“We have a data analytics team within our audience department that helps us build measurement tools around [our major reader] questions, and develop custom dashboards to make [the data] easy for our editorial teams to interpret and glean actionable takeaways from them,” Savenije wrote.

That should be music to an editorial person’s ears. Both Savenije and the other leading publisher I turned to for this article, Dan Fink, managing director of Money-Media, a Financial Times company, both indicate that it is not just one metric that tells the whole story. And how you measure your metrics must also be tied to your goals—be it building member loyalty, increasing engagement, getting members to events, or all of the above.

“We still look at open rates for our newsletters and several other metrics—but it is important to understand what these metrics actually tell you, and what they don’t,” Savenije wrote. “If you understand your goals, you can figure out which metrics you need to pay attention and in what ways they are relevant—it’s never a single golden metric; for us, it’s a composite picture of multiple metrics that fill in different parts of the picture and that are tailored to your goals. These metrics provide you with a feedback loop from your readers that helps you guide strategy and adapt where necessary as you see the results.  Benchmarking is also important so that you have context on what the numbers mean.”

The Growth of Time-on-Page

Money-Media has several verticals and has always focused intently on metrics, infographics and visual storytelling. Yet the top of their website still reflects their guiding principle: “Content Is King.”

“We’re looking at time-on-page in addition to page views to assess which articles are resonating with readers,” Fink wrote to me. “It’s useful to look at average time and total time for each article. This reveals that the article with the most clicks doesn’t always get the most time. That’s important because users put a greater value on the amount of time they spend with your content, than the number of times they click on it.

“We are also looking at scroll depth (i.e. how far down the page readers scroll). This gives a similar insight to time-on-page. We are working to develop a formula that combines page views, time-on-page and other user actions (print, save, share, etc.) into a single metric. My plan is to shift our internal focus on this new engagement metric, since it is more valid than one-dimensional page views.”

A recent article on INMA titled, Should Time Replace Pageviews as the North Star Audience Metric?, showed that time-on-page has gained traction all over. At Facebook, time spent helps rank the News Feed. At Google, it informs search results. “At Netflix and Spotify, play time guides content, product and marketing decisions.” A Netflix study found that “the total hours spent watching was the most predictive for member retention, well ahead of movie or show ratings.”

For Savenije, there’s so much more than just metrics to determine if their content is accomplishing what it needs to.

“There are many important questions that the above metrics do not provide clear answers to. What value do readers believe you provide? How loyal are your readers? Where do readers see you vs. your competition? Are some readers more important to your editorial model than others, and how do you measure your relationship with them? What do readers think about the quality of your coverage? Are they satisfied with your product?

“At Industry Dive, we have worked to build up measurement and feedback loops to help us answer these important questions.”

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SIIA Applauds Passage of the American Rescue Plan

SIIA Applauds Passage of the American Rescue Plan
Congress passes historic relief package benefitting America’s economy

FOR IMMEDIATE RELEASE

SIIA Contact: Suzy Wagner 

Washington, DC (March 10, 2021) The Software & Information Industry Association (SIIA), the principal association for the software, information, and digital content industries, President Jeff Joseph issued the following statement in response to today’s COVID relief bill: 

“SIIA applauds swift action by Congress to pass the American Rescue Plan to get our nation’s economy back on track and help our educational system move to a post-pandemic world. 

“The ongoing pandemic will have a long-term impact on schools and our nation’s learners. We know that students require even more support from our education system. Our members have worked with educators to help students learn at-home, in-person, and in hybrid environments, with technology solutions playing a significant and meaningful role in allowing students to progress in their studies during the pandemic. The funds for education and the $7 billion in money for connectivity will help address long standing equity issues in education exacerbated by the pandemic and help America’s learners as we transition into the ‘new normal.’

“We are also pleased the American Rescue Plan provides support for local governments that face budgetary stress as they have shouldered much of the burden in keeping our communities protected from the spread of this virus. We also are grateful the Plan provides support for the unemployed and funding to increase vaccinations to help begin rebuilding our economy and get America back to work.”

About SIIA: 

SIIA is the only professional organization connecting more than 700 data, financial information, education technology, specialized content and publishing, and health technology companies. Our diverse members manage the global financial markets, develop software that solves today’s challenges through technology, provide critical information that helps inform global businesses large and small, and innovate for better health care and personal wellness outcomes – they drive innovation and growth. For more information, visit www.siia.net.

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FISD Women’s Group Offers Blueprint for Engaging an Under Represented Segment 

We are fortunate here in Washington, D.C., to have a number of world-class museums. One of the lesser known but most invigorating ones is the National Museum of Women in the Arts. On Monday, they—as did many people and institutions around the world—celebrated International Women’s Day. The NMWA is a special place geared, in one way, to account for centuries of inequities in the art world. I recall hearing the director of the world-famous Ufizzi Gallery in Florence tell us about his biggest surprise in taking over: the literal treasure trove of paintings in their archive by women artists spanning centuries that had never been shown!

But in another way, you simply want to energize a segment that is under represented.  A successful example of this is SIIA’s own Financial Information Services (FISD). Their Women’s Group continues to thrive, leading to more prominent women speakers for their events and more women becoming part of the fabric of the overall group. Tracey Shumpert (pictured) is the VP of membership for FISD. With the FISD Women’s Group hosting a Fireside Chat with Dr. Alexandra Hachmeister of Deutsche Boerse on Tuesday, March 16, I asked Shumpert about the success of that group in boosting membership and engagement.

“There is definitely interest from women in our group such that we need to create spaces tailored to women. So I don’t see our women’s group going away,” she said. “It’s popular, people talk about it, they show up and enjoy it. It also allows women to be in a comfortable environment. While this industry is getting more diverse, women are still the minority. These are chances for them to get together as the majority for a change.”

We’ve all seen those studies that say that it’s harder for women to be heard during meetings. In 2019, the annual McKinsey and LeanIn.org Women in the Workplace report found that half of the surveyed women had experienced being interrupted or spoken over, and 38% had seen others take credit for their ideas. Online, these imbalances are only amplified, according to Deborah Tannen, professor of linguistics at Georgetown University who has been studying how men and women speak for decades.

“FISD’s Women’s Group has been around longer than I have here,” Shumpert said. “It’s something that our members have asked for. We’re not in-person unfortunately right now, but when we were we would have one luncheon in New York and one in London where we filled every seat [capped at 90] and more. [As for who we invite,] we’ve taken a few different tacks. At first we didn’t explicitly try to get men to attend and then we did. Either way, the vast majority who showed up were women.

“I also think it’s important to feature women talking about their expertise, not gender. In December we put together what we considered an all-star panel of women who we would normally just use for keynotes to talk about the future of our industry, and that was very successful.”

That talk was not specifically publicized as a women’s group event but rather an “All-Star Senior Executive Panel.” “We’ve had success exposing our members to women speakers in senior management so they can ask questions, and that also gives women a chance to see someone who looks like them in upper management,” Shumpert said. “If you can see it, you can have a better chance of envisioning it for yourself.”

Shumpert experienced that firsthand. Her initial hosting of an FISD event was a Women’s Group function where she introduced industry star Deb Walton, now chief revenue officer for Refinitiv. “It was a bit nerve-racking but being among a group of women I felt more comfortable, and that helped me later with the regular member programs for the larger FISD community.”

The bottom line is that there is room for all types of programs in our organizational repertoire. A woman member who attends next Tuesday’s event may be more likely and comfortable to attend other FISD events, in addition to engaging in their certification program and working groups.

Tuesday’s talk is also being promoted as a “relaxed discussion” and will allow plenty of time for questions. That’s an important quality of these meetings as well, especially now. “You’re looking at a screen with everybody’s face staring back at you. It can be even more intimidating,” Tannen has said.

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SIIA welcomes Jen Smith to the Associations, Media & Publishing Network team

For Immediate Release

SIIA Contact: Suzy Wagner, 703-899-3427, suzy@brandandbuzz.biz

SIIA welcomes Jen Smith to the AM&P Network team

Bringing experience and opportunities to the newly unified publishing division

Washington, D.C. (March 4, 2021) – SIIA is pleased to welcome Jen Smith as a new Director for the Associations, Media, & Publishing (AM&P) Network. Launched earlier this year, the newly organized AM&P Network unites the strength and value of Connectiv, Association Media and Publishing, and the Specialized Information Publishers Association into one newly branded organization that connects media professionals across B2B, association media and specialized information sectors. 

“We’re thrilled to welcome Jen to our team. She brings a depth of experience and relevance across the media and publishing landscape,” said SIIA President Jeff Joseph, “Her focus on building the new Associations Council of our AM&P Network will bring fresh ideas and value to our members while growing and expanding strong legacy programs such as EXCEL Awards, Annual Meeting and Signature magazine. More, her contributions and leadership will help support and grow the full network and our association as a whole.” 

“The association media community is strong. We are a highly collaborative and inclusive group, and I am thrilled that I can continue to serve and support this community in this way and help serve the full membership of the AM&P Network,” Smith said.

AM&P Network recently relaunched Signature magazine with a fresh new look. The highly valued AM&P Annual Meeting and EXCEL Awards celebration are planned for June.

“I’m excited to continue the programs we all trust and value and to introduce new programs and opportunities that offer professional growth and peer-to-peer networking in new ways to benefit your individual development and career path,” said Smith. 

“This will be a year of opportunity for the new AM&P Network and the Associations Council,” said Diane Rusignola, AM&P Network Associations Council Leadership Committee President, “Jen has been an active member of the legacy AM&P for more than a decade, most recently serving on the AM&P Advisory Board, so she brings a valuable perspective to this new role.” 

Jen’s primarily responsible for creating content designed to meet the needs of our association publishers and communicators community. Jen joins the existing team of Matt Kinsman, who maintains his primary responsibility for developing and executing content and programming designed for information, data, content and media executives while also leading our new CEO Council. Ronn Levine continues his award-winning editorial and content work at SIIA, focusing on the core business and operational issues impacting all Network members. The three will work collaboratively to maximize opportunities, increase efficiencies, and leverage commonalities across the full Network, while ensuring content and programming that meets the needs of the individual communities.

Prior to joining SIIA on March 1, Smith was Vice President, Creative Strategy at MCI, a global engagement and marketing agency focusing on association solutions and publishing. Smith also has served as a member of the Board of Association Media and Publishing and led several committees.

About SIIA

SIIA is the only professional organization connecting more than 700 specialized content and publishing, data, financial information, education technology, and health technology companies. Our diverse members manage the global financial markets, develop software that solves today’s challenges through technology, provide critical information that helps inform global businesses large and small, and innovate for growth. For more information, visit www.siia.net 

 

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Two Engaging Ideas: A Program Celebrating Women Leaders and a Popular Member Forum 

I’ve written about Putman Media’s wonderful Influential Women in Manufacturing (IWIM) before, their innovative program that honors women who are effecting change in manufacturing and industrial production. But when I check back every couple months, there’s always something new and positive. This time it’s an eBook.

Now in its fourth year and run by the amazing Erin Hallstrom, digital and content strategy director for Putman, IWIM succeeds in many ways—celebrating key Putman customers, amplifying the voices of women in a field where they have been under-represented, creating a new speaker pool for podcasts and webinars, and now offering advice to the next generation.

In that eBook that Hallstrom put together, she asks each of the 20 honorees this: What advice would you give to women entering the field of manufacturing?

A couple snippets:

“Never stop learning. Even after being in the industry for over 25 years, I’m still learning new things. Manufacturing is an ever-changing industry full of complex processes and procedures that will challenge you to leave your comfort zone. This is where a strong network of diverse thinkers will prove invaluable.”
Cindy Jaudon, Regional President, Americas, IFS

“Don’t be afraid to ask for the roles you want. Be prepared, though, to co-invest in your future by accepting the positions that will get you there. That may mean embracing risk by taking tough positions—the ones your peers are afraid to accept or the ones that move your family across the world. In other words: the roles you never imagined taking!”
Joanna Garcia Sohovich, Chamberlain Group

“I feel small when I look at all [these women have] been doing and all they do for their companies,” Hallstrom said. “You can see how excited their companies are. I just get excited that someone enjoys it.”

She also runs the judging, which had to go through almost 100 nominations last year. In the past, they’ve received a formal proclamation from the governor of Illinois, and Sen. Tammy Duckworth (D-Ill.) wrote a commendation. “…we just wanted to honor women making a name for themselves,” Hallstrom has humbly said.

When we talk about customer engagement, what can be better than recognizing—and energizing—an entire faction of your audience that has mostly gone unnoticed? If a publisher or media company can hear from women like Garcia Sohovich and Jaudon, then beneficial outcomes will take place.

A post this week by Matt Cipriani on the ASAE site led me to AACP Connect, an online community platform for members of the American Association of Colleges of Pharmacy. It’s impressive. Right up top there’s an excellent idea: “Submit a Poster Abstract for Virtual Pharmacy Education 2021.” Involve your audience in your big event. That’s followed by two recent discussions: Order Oath of a Pharmacist and Upcoming Free Training Webinars.

“Our members began using AACP Connect at higher rates than ever before when we all locked down in mid-March [last year],” writes Cipriani. “Why? Because they had an established virtual community they were already using for the past few years. Our members were able to jump right into a familiar place with familiar people to discuss new challenges and gain insight and knowledge from each other about how to navigate this new reality.”

Even though it is tempting for those of us who do not have such a vehicle to jump quickly in, Cipriani urges patience. It’s much better to first assess your member needs and then build something that addresses those and avoids any clunkyness. Here’s more:

First define your online community. Do you need one community or a few? Will Person A in Company B want to hear from Person C from Company D? “Consider surveying your members or holding online focus groups to determine what it is your members need in an online community,” he writes.

Define your metrics. Is it the number of people in the group, the number of conversations, the quality of those conversations, the ideas that come out of it? “Set up a reporting system early to capture metrics that identify member usage of the platform. By creating a set of categories to monitor such as total discussions and replies posted, logins, and email open rates, you can track usage of the platform.”

Publicize and market it. Give it a build-up. Offer an incentive to join—perhaps polls, surveys, quizzes, contests, discounts. “You want to generate excitement around the platform so that when you launch, members will eagerly log in for the first time, browse the platform, and begin contributing,” Cipriani writes.

I would add to join a couple groups on your own to see how they function so you can take the best out of those.  Joanne Persico of ONEcount has been holding Wednesday evening virtual get-togethers called Stay Connected – Bold Minds Mixer for several months now. The one I attended was informative, fun and well-run. Email Persico to join in.

“The way our members network, connect and share will forever be changed by this experience,” Cipriani concludes.