Boards need synthesis. How do brands present influencer analytics at board level effectively?
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To present influencer analytics effectively to the board, brands need to synthesize complex data into digestible insights and actionable strategies. Here are some practical steps to do this:
1. Summary of campaign impact: Highlight key performance indicators (KPIs) like engagement, reach, and conversions. Platforms like Hootsuite and Sprout Social can track this data.
2. Competitive analysis: Use in-depth analytics tools such as Socialbakers or BuzzSumo to understand the competitive landscape. Analysing competitors’ strategies can also provide valuable insights.
3. Influencer ROI measurement: Present a clear breakdown of ROI from specific influencers or campaigns. This provides the board with concrete evidence of the influencer marketing strategy’s effectiveness.
4. Trend forecasting: Use tools like Klear orFlinque which can analyze vast amounts of data to anticipate future trends and the board’s strategic direction.
5. Data visualization: Use graphs, charts, and diagrams. Seeing data visually can help the board better understand campaign performance and future trends. Platforms like Tableau can help create these visualizations.
6. Storytelling: Frame the data in a narrative. Instead of presenting hard data alone, pull out the most impactful insights and tie them together with a compelling story.
Remember, every tool or platform has strengths and features designed for different needs of an organization. While some may offer in-depth analysis, others might excel in forecasting trends or measuring ROI. Choose the tool that aligns best with your organizational goals and objectives.