Data and Business Intelligence Glossary Terms
Targeting
Targeting in business intelligence and data analytics is like using a high-powered telescope to zoom in on the stars you’re most interested in—it’s all about focusing your attention on a specific group of customers based on certain characteristics. This could include things like age, location, buying habits, or preferences. By analyzing data, businesses can identify these specific groups and tailor their marketing efforts, products, or services to meet the unique needs or interests of those groups, making their strategies more effective.
For example, a video game company might use targeting to figure out that their biggest fans are males between 18 and 25 years old who love strategy games. They can then create advertising campaigns that speak directly to this group, choose the right social media platforms to reach them, and even develop new games that appeal to their tastes.
By using targeting, businesses can be more efficient with their resources, making sure they’re not wasting time and money on broad strategies that don’t resonate with their desired audience. It’s a smart way to connect with customers on a more personal level and increase the chances of sales and long-term loyalty. It’s not just about finding any audience—it’s about finding the right audience.
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