Google Analytics gets more social
The new tab will offer advanced features to measure several networks' metrics.
Analytics has been focused on the search and display advertising segments traditionally, and it will now offer data for social media advertising and marketing campaigns as well. Google will add a new Social tab to Analytics, which will enable users to view Social Reports. It will offer advanced features to measure traffic and engagement metrics for visitors from social networks like Google+, Facebook , Twitter, LinkedIn etc.
Phil Mui, Google Analytics' group product manager, told Marketing Land that while many measurements keep track of trends, they don't show businesses how their investments in the social networks help sales. He added:
"Our goal with the new reports is to tie social activities and referrals to measurable, meaningful economic value so businesses can more effectively evaluate which social channels are impacting their bottom line, and which tactics will lead to measurable economic value."
With Social Reports in Google Analytics, users can measure engagement, conversion and traffic metrics from social channels, tie them to actions, and optimize their content for better monetization of social users using visual reports. It will also show statistics related to social sharing, comments and likes for content posted on supported social platforms.
Google uses Analytics primarily to drive its display and search advertising partnerships, which account for nearly 8% of its total value. We currently have a $627 Trefis price estimate per Google share, which stands nearly 2% below its market price.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.