Why should you data analytics your gym?Centres that base their strategy on data are three times more likely to make better decisions, that’s a fact. In today’s digital world, technology is revolutionising the fitness industry. It’s true that, thanks to greater connectivity, awareness and variety of workouts, more and more people are signing up to gyms. But, their journey begins long before the treadmill. *If you want to know more about how to improve the user experience in your gym, we recommend this article: 5 keys to customer experience as applied to a gym. customer experience applied to a crosstraining box.
Big data and machine learning… what do they mean?If you haven’t been living under a rock, you’ve probably heard the terms big data and machine learning. Although both words are now commonplace, you’re probably not quite sure what they mean. It is precisely this fear of the unknown that is why so many avoid introducing new technologies and processes into their gyms.
Refers to the large and varied amounts of information that are growing at an ever-increasing rate. It encompasses the volume of information, the speed at which it is created and collected, and the variety or volume of data points collected.
A branch of artificial intelligence and computer science that focuses on using data and algorithms to mimic the way humans learn, thereby gradually improving accuracy.
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7 benefits of data analytics your gym
1- Discover new potential customers for your gymData is everywhere and its power is often underestimated. By properly collecting and analysing data from your current gym users, you can not only get to know them like the back of your hand, but it will guide you on the path to new customers. 95% of businesses believe that data and analytics play a crucial role and 38% say that big data analytics is one of their top five issues. By using data and analytics, you can make your marketing strategies more effective and accurate. From marketing data, you can find out who is engaged in social media, where they live and what their interests are. You can then use this data to make better decisions based on user insights to target marketing campaigns to the people who fit your ideal customer.
2- Improve your gym’s competitive advantageThe fitness industry is competitive, and with each passing year, more types of disciplines emerge and more centres open. Your approach to Business Intelligence (BI) has the power to transform your gym. What do we mean by business intelligence? The combination of strategy and technology used to analyse data for business purposes. If you invest in the right gym management solutions, you can start using your data now, design a BI strategy and unleash the full potential of your facility. And yes, this will put you ahead of your competition. Another advantage is that, through the use of BI and data, you save time and free up valuable resources that you would otherwise have needed to implement strategies.
3- Answer the gym’s key questionsYour users are at the heart of your gym. Any strategy that helps you understand them and successfully manage the centre gives you a significant advantage. You may wonder what factors influence user behaviour or why they behave the way they do. Data analytics delves into the minds of users so you can answer key questions. The questions that can be answered through data analytics can be divided into three categories:
- Descriptive questions: these answer questions that look back in time.
- Predictive questions: these are about understanding the future.
- Prescriptive questions: these are a little more advanced and address possible outcomes with specific actions and the best route to take.
4- Boosting retention and loyalty of your gym usersThere are several strategies you can use to increase the retention and engagement of your gym members. One of them is to personalise the experience as much as possible. Make your members feel welcome and truly cared for with great customer service. Personalisation is a priority for businesses. A SalesForce survey of more than 7,000 consumers found that 57% of gym’s users are willing to share personal data in exchange for discounts and personalised offers. To fully personalise the experience, you need to know your users very well. This is where data is key. By offering a personal and meaningful experience, your members will feel valued and will be much more likely to renew their gym membership. If they feel appreciated, this will be reflected in an increase in their engagement with your facility. The following membership data can help you personalise the experience at your gym, both online and offline:
- Member purchase transactions
- Equipment usage
- Gym attendance
- Fitness goals and objectives
- Class attendance