We all know that data is everything. But not if it’s a week out of date – especially in the wonderful world of digital. It’s virtually worthless. A nice little history lesson, but only of use for the next campaign. Nowadays we demand the ability to tweak our campaigns in real-time; engage in the ongoing conversation with our customers and go where they’re going. So it’s perhaps surprising that social media goliath Facebook has been left wanting with its own feedback. In fact, one cheeky website actually logs how long the Insight lag is, in real-time, of course… www.WhyIsFacebookInsightsNotWorking.com and gives you the chance to share it (not via Facebook though). So, how fast are the updates? Well, you’re now looking at every 5 to 10 minutes rather than weeks. Of course, with better analytics, you’ll now be more tempted to buy from Facebook’s latest ad formats and test Timeline for Brand. But, and here’s the key point, faster data is only valuable if you use it! How many brands run all kinds of analytics but are simply too scared to act on the data? And, if they do, the moment has often passed and the bandwagon has left town. With superfast Facebook feedback the onus will now be on us marketers. It’s all about acting quickly – moving posts around, changing posts, removing posts. This could be the real-time brand/customer conversation we dreamed of. Are you ready for it?
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