Google announced today that they’ve added a new feature to Google Analytics. If you opt in, you can choose to share your Google Analytics data either just with Google products, or with Google products and their new benchmarking service. This service allows you to “share your metrics against industry verticals”. (As an aside I find the term “industry verticals” about as exciting as a lump of dirt). Google Analytics is giving you the option of comparing your stats with those of people in your industry.
This lets you know how the competition is doing, and where you fall on the spectrum. The quality of the data obviously depends on how many people opt in, so that we’ll only be able to see over time. Seer Interactive pointed out that the data you’ll be able to have a look at is visits, bounce rates, time on sites, page views, pages per visit and new visitor percentage – with new visitor percentage being particularly useful because it “will allow you to tell the velocity by which your competitors are ramping up efforts to attract new visitors”. In combination these stats should give you more insight into what’s happening on your own site.
The response to the service has generally been positive. Michael Arrington from TechCrunch likes the idea so much that he has suggested opening the information up to everybody – not just those who have opted in – saying that businesses are more comfortable with transparency than we might suspect. Vincent Maher mentioned what is perhaps the most exciting possibility, that “it paves the way for Google to create a global web traffic ranking system based on any number of criteria ranging from page impressions, unique visitors, time on site, bounce rate or a combination of all of them.”
This move is obviously in line with Google’s mission to be the aggregator of all information – and allows them access to info that will probably be more valuable to them, than it will be to us. I think Maher is right in pointing out that the move is pretty significant for such a low key launch.
Get our latest blog posts delivered straight to your inbox.
Subscribe to our fortnightly newsletter which is packed with interesting eMarketing news, views and other quirky titbits.
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||

Name:
Friends of Quirk
Websites:
www.quirk.biz