The hottest news in the world of Web Analytics this week arrived on Wednesday the 8th, when Dennis Mortensen, the director of data insights at Yahoo, officially announced the release of Yahoo Web Analytics.
The web analytics community, and myself personally, have been waiting anxiously for this day, ever since Yahoo acquired IndexTools 5 months ago. IndexTools was always considered to be a great program for the price. In fact, a common slogan used by bloggers that referred to IndexTools was “…it’s 80% of WebTrends at 20% of the price.”
So what is Yahoo! Web Analytics, and what can I do with it?
Yahoo! Web Analytics is a tag-based Web Analytics platform, like Google Analytics. However, that’s about as much as they share in common, barring some of the basic reporting features found in any analytics package. Yahoo! Web Analytics has worked really hard over the last 5 months to distance itself from Google Analytics, to claim its spot in the Web Analytics industry, and so far, it has been well received by almost everyone in the analytics community.
What are some of the benefits that Yahoo! Web Analytics offers?
Here are some of the goodies that Yahoo! Web Analytics offers:
1. It’s Free – In 2009, most every customer of Yahoo will be able to have access to Yahoo! Web Analytics (YWA). These include Sponsored Search marketers, Yahoo! Store owners, Small Business customers, and anyone else that is conducting some kind of online business with Yahoo.
2. Real-Time Reporting – YWA is going to provide up to the minute updates in its reporting interface, so you won’t have to wait a few hours or even a full day to see results. This will be great for Sponsored Search marketers, as you’ll be able to refine and optimize your efforts on the fly – and make intelligent decisions along the way.
3. Executive Dashboards – Fully customizable dashboards, where you will be able to create a separate dashboard for anyone within your organization.
4. Live Cost Analysis – This allows you to view Google, Yahoo, and MSN data, integrating it with the revenue that your website collects (Ecommerce).
5. Side-by-Side Comparative Reporting – This allows you to compare two different reports, one right along side the other.
6. Advanced Path Analysis – Drill, baby, drill! This report lets you drill down all the way to individual visit levels.
There are many more features outlined in the Yahoo Web Analytics features section.
My personal thoughts:
This is the best thing that has happened for the Web Analytics community in 2008, and into 2009. Everyone knows that I love Google Analytics, and that I even sometimes wear my Google Analytics T-Shirts in public (Oops…I wasn’t supposed to say that out loud…). Competition that YWA is going to provide against GA will only make BOTH platforms better over time. Each organization will likely try to one-up the other, introduce new reports or features that the other doesn’t have, and try their best to be the #1 “Free” Web Analytics platform out there. Ultimately, the true winners are you and I, the consumers. We’re going to get awesome reporting tools from both programs, and they are both going to improve and offer even more cool stuff over the course of time.
Stay tuned folks – 2009 is going to be a great year for Web Analytics!