The world of eCommerce is packed to the brim with data of all different types, stemming from numerous sources. As the data multiplies and your business grows, navigating, consolidating, and interpreting it becomes increasingly difficult.
Access to critical customer, inventory, and campaign data becomes necessary for further expansion and helps leaders make insightful, calculated business decisions. In today’s landscape where data streams are constantly changing, take Apple’s launch of App Tracking Transparency and the transition to Google Analytics 4 as recent examples. Creating a consistent and scientific approach to data gathering and analysis can elevate a business to new heights. After all, science is the key to a successful eCommerce business.
The E-commerce Data Pond Solution Overview
The E-commerce Data Pond is a SaaS platform that enables eCommerce businesses to manage their inventory better, identify and target their highest-value customers, boost their profitability, launch better-performing campaigns, enable real-time alerts and reporting, and more. This allows brands to get the right product to customers at the right time.
The software utilizes the three core pillars of eCommerce data – customer, inventory, and campaign – and works to unify, simplify, and amplify it by:
- Filling in holes and cleaning datasets
- Leveraging artificial intelligence (AI) to increase customer acquisition and retention
- Applying statistical models to help personalize offers, optimize for conversions, and enhance margins
These are key to producing predictive analytics and insights that help efficient scaling.
The E-commerce Data Pond does all of the typical heavy lifting associated with data management and gathering through existing data stream integration and their proprietary first-party pixel which gives companies access to valuable one-to-one customer data that simply isn’t available anywhere else. The E-commerce Data Pond then offers up the results in an elegant and easy-to-read dashboard with customizable graphics and charts so the exact information you’re looking for is never far away or hard to reach.
What truly sets The E-commerce Data Pond apart from other eCommerce analytic tools and companies is the data science backgrounds of the team at Tadpull, which serve as the basis for their success in digital marketing and analytics. Everything is rooted in the scientific method and has been for over a decade now, using facts and hypotheses to shape it at every turn.
Additionally, because Tadpull knows that tools and software can only do so much to understand and strategize once the data is available, their eCommerce experts can guide and help at every step of the way. From helping understand the customer journey to drilling into individual SKU performance and identifying what cross-sell and up-sell opportunities exist, Tadpull can help businesses uncover the profit hiding their data and provide actionable counsel during the journey.
Data is more than just a buzzword. Data is the cornerstone of the modern digital economy. At Tadpull, we build hypotheses with empathy and prove them with data-based decisions that drive real-world results. Everything we do is based on execution. We hit the ground running every single day and build winning software and decision-making engines that really make a difference and move the needle for our clients.
Tadpull Cofounder and CEO, Jake Cook
Best Practices for Gathering, Consolidating, and Using eCommerce Data
Consolidation and gathering of useful eCommerce data can seem like a difficult and lengthy task, however, several best practices can assist companies during the process:
- Identify ALL relevant sources of data – Data signaling intent, product data, email data, advertising data, marketplace data, zero-party data, first-party data, inventory system data, cloud data, Google Analytics data, campaign data, and social data are all examples of what could be pertinent and applicable datasets that will help businesses develop strategies and insights. Determining what all of the avenues are and where to find them is the first step in developing a strong data understanding.
- Ensure the data collected is consistent and complete – Making sure that datasets are categorized and illustrated consistently throughout will make comparing, contrasting, and merging datasets together far easier. Additionally, reducing the amount of holes present within datasets allows for a more complete understanding and inhibits stronger strategizing from the data.
- Develop actionable strategies based on the data – While developing strategies, campaigns, and other workable gameplans without letting the available data influence them can seem useful and worthwhile at times, it can actually misdirect focus and attention and cause far more negative than positive results. It’s imperative to truly understand and utilize the available datasets to make informed, scientific decisions based on the insights that can be gathered. This puts businesses and leaders in a much stronger position and allows resources to be put into the right areas and leads to much more valuable results.
Oboz Tadpull Case Study
Tadpull has worked with Oboz Footwear since 2020, when the pandemic brought Oboz’s wholesale business to a halt. With supply chain woes and brick-and-mortar stores stunting new and returning business, Oboz faced the issue head-on with vital help from Tadpull and The E-commerce Data Pond.
Oboz revamped its basic run-of-the-mill website and turned it into a robust eCommerce shopping experience. Once the new website was up and running, Tadpull implemented a broad spectrum of traffic and lead gen services to access a diverse audience and convert the traffic into a loyal customer base. The E-commerce Data Pond software allowed them to eliminate wasted ad spend amidst supply chain interruptions by matching real customers with available inventory.
Tadpull helped accelerate their growth by applying data science and intelligent inventory marketing to the new website. This allowed them to thrive in the constantly changing and uncertain economy affected by the pandemic. The partnership with Tadpull boasted incredible results, increasing Oboz’s revenue month over month by 38% and their conversion rate by 123%.
If you’re interested in seeing how Tadpull and The E-commerce Data Pond can make a difference for you and your company:
Book A Free 15-Minute No-Obligation Consultation
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