Facebook Analytics is Going Away: Should Marketers Really Worry?
As marketers, we crave data.
Each day, our analytics platforms help us define who our audience is, measure how well we’re tracking them, and determine what strategies we should take on next.
And, if an analytics platform is free or affordable to use, that’s an even bigger bonus to teams in SMBs or startups.
That’s why many marketers were caught off-guard when Facebook announced that it will be sunsetting its free Facebook Analytics tool on June 30th.
But, while Facebook’s announcement might seem a bit scary, it might only impact a small number of businesses.
“Even though this tool is going away, we continue to invest in measurement products that provide insights and data analysis capabilities,” the short Facebook announcement said.
Below, we’ll explain why Facebook’s removing its Analytics feature, why you might not need to panic, and alternatives you can use to get similar data about your audiences.
Why Facebook is Sunsetting Analytics
Facebook Analytics launched in 2018 as a free alternative to platforms like Google Analytics (GA). On top of tracking all your Facebook Business Page data in one place, users could also create and embed Facebook tracking pixels on their websites to see how audiences behaved and what their customer journey looked like.
Facebook Analytics could also give brands a look at your Facebook page’s details and audience demographics to help brands better inform their strategies.
Because much of the information shown on Facebook Analytics can now be found through other competitive and affordable data platforms — as well as Facebook’s Insights, Business Suite, Ads Manager, and Events Manager — Facebook decided to discontinue Analytics in an effort to consolidate its tools.
While Facebook hasn’t said if online privacy trends were a factor in its decision, the pivot comes at a time when Google and Apple have already begun to limit data tracking through the planned phase-out of third-party cookies and Apple’s recent IOS 14.5 opt-in requirements for mobile app tracking.
Because of the ongoing moves towards data privacy, it seems that Facebook could also prevent future data concerns with the streamlining of nearly extraneous Analytics tools.
How Marketers Can Prepare
Until June 30, brands can still access Facebook Analytics and download reports of all the data they might need.
To export data into a CSV file from Facebook Analytics on your desktop, click the [share icon] in the top-right corner of each chart or table,” Facebook advises.
Aside from downloading data, brands that used the tool should also consider alternatives that can highlight similar data. Although Facebook Analytics was a helpful tool for some businesses looking for free or cheap platforms, there are affordable alternatives that can help you track your customer’s journey from social media to on-site conversion.
Below is just a quick list of Facebook Analytics alternatives to consider.
Facebook Analytics Alternatives
Facebook Business Suite
Once Facebook Analytics is no more, …read more
Source:: HubSpot Blog