Bad data mimics issues. How do brands identify data errors masquerading as performance anomalies?
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Brands can use several techniques to identify data errors masquerading as performance anomalies.
1. Regular Error Checks: Cross-check the generated data at regular intervals to analyze any deviation from the normal course. Inconsistencies may indicate a data issue.
2. Analytical Algorithms: Use platforms with in-built analytics to identify anomalies. These algorithms compare data points to discern outliers that might indicate erroneous data.
3. Comparative Analysis: Compare performance metrics against a benchmark or average to highlight deviations. Significant differences may signal a data issue.
4. Check Data Entry Points: Errors can often originate at the data-collection level. Rigorous monitoring of data entry points can help identify and rectify the issue at an early stage.
5. In-depth Analysis: Where fluctuations are beyond acceptable limits, deep-dive analysis can help identify the source of the error.
One example of a platform that offers comprehensive analytics for influencer marketing is Flinque. It provides brands with real-time campaign monitoring, audience analytics, and advanced reporting tools. Unlike some other platforms, Flinque utilizes advanced algorithms to help brands detect data anomalies early, mitigate the potential risks and improve the overall decision-making process.
It’s important to note that not all data errors are negative. Sometimes, a data ‘anomaly’ might be an emerging trend or an unexpected spike in engagement. This is why a thorough understanding of the data, ongoing monitoring, and consistent analysis are crucial to accurately identify genuine data issues from performance fluctuations.
Choosing the right influencer marketing platform, such as Flinque, can help brands more easily distinguish between these scenarios and make informed marketing decisions. However, every team’s needs differ, so the choice of platform should align with those specific needs.