Omniture overtures enhance merchandising
Omniture, the online business optimisation specialist, recently announced that it had agreed to acquire search and merchandising assets from solutions provider Mercado.
Another day, another Omniture acquisition! How fun it is watching the leviathan consume all in its wake searching for the Holy Grail that is the perfect online business optimisation solution. Is this the final piece of the puzzle? If so, how will this fit in with the rest of the Omniture suite?
On the face of it, acquiring these central elements of Mercado’s business will allow Omniture to help its own customers market their products better. Online retailers are gaining a good deal of experience selling products and services, but they also want to be able to provide customers with pointers towards related products that best marry with their purchases.
Merchandising in this sense is an effective way of collaborating products together. Mercado’s technology will allow Omniture to record sales details, receptiveness to merchandising, track and compare customer data from external search with internal searches, and manage keyword and pay-per-click campaigns dynamically. The concept of merchandising is not just about collecting information about what customers look at in terms of site design, it is about analysing pure product focus information – what is hot and what is not?
Of course collecting data across online channels is one thing, but refining businesses based upon the information collected is more of a challenge. One of Omniture’s more interesting acquisitions of late was web optimisation company Offermatica. This flagged Omniture’s intent of moving from its analytical routes to something much more ambitious, a completely automated online business optimisation solution.
Test & Target, as it is now known to Omniture customers, provides the ability to conduct real-time multivariate testing – an extremely powerful tool that could provide the answer to what combination of content drives customers the most. But here’s the flaw; what happens if all the permutations Test & Target displays are bad? Just because ‘Layout A’ has the highest conversion rate does not mean it is the most you can achieve, maybe it is the information itself and not the means by which it is displayed. What if there was a means of determining the best content to serve on products to push?
Enter Mercado’s merchandising technology.
Merchandising encourages commercial activity via the promotion of content. This process involves analysing sources of data to determine which content sells and what doesn’t. Quite simply, Omniture is attempting to come up with an automated merchandising solution that analyses data sources and serving product/services information directly into Omniture Publish (online CMS system) via Omniture’s Test & Target.
Omniture started life as a highly-effective statistical reporting company. By acquiring new tools like Offermatica & Mercado, the Omniture suite is another step closer to delivering a fully automated online optimisation tool. The benefit of which will be the most powerful tool on the market giving businesses a ’switch to flick’, kick-starting a self-learning tool that will automatically increase the likelihood of turning visitors into a customers.
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