Well, maybe not a day, maybe 8 years.

When I was home for Thanksgiving this past week, I had a chance to enjoy one of my guilty pleasures.

Be Warned: The next few lines may contain the nerdiest thing you have read in a long while.

I’ve saved most all of my old issues of Fast Company and Business 2.0 and when I have spare time, I like to peruse the old issues. I know, I know, N-E-R-D-Y.

But, in my defense…marketing, like much of business, tends to be cyclical. So, I think it is interesting to look at the business trends and emerging business trends from the past, sort of a print version of the Wayback Machine. And, it’s not only the articles and ideas that I find interesting, but also the advertising.

In fact, here’s one of the best ads that I came across was in the October 24, 2000 issue of Business 2.0.

How great is this ad?
“Do you think a hunch about data relationships will improve browser-to-buyer conversion?”

But, here is the best part:
“Your disjointed and incomplete eMarketing data has had you playing the guessing game for too long.”

Back in 2000, way before the great analytics growth explosion, when (WebTrends) Executive
Summaries consisted of nothing more than a few (some meaningless) metrics…

…Coremetrics had the guts to call attention to the fact that eMarketing is trackable and that marketing decisions should not be made based on hunches or worse, bad data.

The fact is that analytics have improved by leaps and bounds in the past 8 years. But, the sad fact is that despite that, many marketers are still making important spending decisions based on their gut-feelings and bad data.

And maybe, some of that is caused by the overwhelming amount of analytic data that is available now. There is a big difference between data and information. Because data whether meaningful or meaningless, without context is really no help. But in this economy, in this recession, very few companies have the luxury of experimental marketing or, in words of Coremetrics, a ‘VP of Guesstimation.”

Filed under: Agency, Analytics, Audits, In-House, The Economy on Tuesday, December 2nd, 2008 by Joy Brazelle | 1 Comment
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