Black Friday 2019 was really successful for UK retailers. This is excellent news for retail, given all the challenges facing the sector.
The BBC reported that overall Black Friday transaction values were up 16.5% compared to last year with most of the growth coming from online sales.
One of our customers experienced a 54% increase in online sales as they had confidence in their platform to allow marketing to be more aggressive with their campaigns. This resulted in a multi-million pound uplift in revenue on the big day compared to the previous year.
Overall, there were very few reported website outages compared to 2018. IT directors have really upped their game and prepared their digital platforms more comprehensively than ever before.
Congratulations! But don't stop here. Now's the time to up your game. There are the four key questions you need to answer to get to that the next level for 2020.
There is a treasure trove of data waiting to be unlocked — valuable insights that guide investment decisions for 2020.
Looking at this data, you want to answer several questions. I've listed a few below, but as you look and compare these baselines, you will have your own questions to ask.
There are limitations in using Google Analytics, as it gives summarised data rather than individual session traces. You may want to use raw session data if you are using machine learning algorithms to understand the possible reasons for people abandoning their journey. If you are using these algorithms, you need to use some expertise in both data and performance to make sure you don't get false correlations.
Need help, take a look at our 7-Pillars of Software Performance.
If you are doing this analysis it's worth getting someone other than the people who look after the platform to carry out this deep dive. Sometimes, people who look at something all the time don't notice the faults in the platforms. It's a bit like your grandparents learning to live with faulty wiring by changing a fuse.
Once you understand these relationships, you have powerful levers that can use to improve the overall user experience and drive up conversion rates. Answering this will help you decide where to invest in the user experience for 2020.
Based on the outcomes of point 3, you can now build a plan and invest accordingly to create an even better digital platform for 2020.
If you want an independent assessment of where to invest for 2020, call us to arrange a performance audit.