"Data is useless... until you transform it into information" - Google's Head of Travel
Here is a short but sweet speech from Google’s head of travel, Ali Yilmaz:
http://events.eyefortravel.com/travel-distribution-summit-asia/presentation-download2.shtml
The core concept he puts forward is that data is only useful once we transform it into information – ie. we need to capture data in a way that will provide us with insights on user behaviours, build a strategy around it, and then action something.
He uses an example from Swissotel, highlight how even basic analysis has led to:
- Increased basket value by 28%
- Increased online revenue by 68%
- Reduced costs by 22%
… And all of this just by making a small tweak to their Adwords campaign to serve a different message to two different customer segments.