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Originally created for M&IT
There is an undercurrent of fear in the meetings and events world: rarely verbalised, even behind closed doors: of robustly measuring the performance of our events. A fear of collecting data that might put a spotlight on the flaws we didn't even know existed.
We're scared that these insights might make our function more vulnerable to business criticism: or that knowing what's not working is worse than knowing nothing at all.
But in a world where corporate events teams are being cut and senior event leaders are facing redundancy, now is the time to combat those fears to leverage event performance data properly. How can we turn our insights from being the monster under the bed to a tool that secures the future of corporate event programmes?
We are living in a time of corporate event turbulence. And the instability comes from not having the right insights to truly evidence our business impact and value. The fear of measurement is holding us back.
Absolutely, measuring performance effectively may show us that certain events are falling short. But it's far from scary: it's incredibly useful and empowering.
As event leaders, data is the only tool that puts us firmly in the strategic driving seat. Understanding where individual events aren't hitting business KPIs is the first step to doing something about it and, by contrast, allows us to leverage those highly performing events that change attendee perception and behaviours.
But you don't know what you don't know, and running from the data is much more dangerous than using it strategically to make the right decisions. So the question is: what should every corporate event leader apply to rid themselves of dataphobia forever?
Gone are the days of using attendee numbers or revenue generated as rational event performance metrics. Not only are these purely reactive metrics (by the time attendee numbers have started to drop or we're losing revenue, it's too late to make strategic changes to our event design), they don't tell us the most important longer term insights that really count:
As we move away from measuring these more reactive metrics, we can start to be proactive in strategising and evolving our event programmes accordingly. There is no fear of the unknown if you know exactly what data you should be collecting.
You could have collected the best data in the world, but if this is poorly relayed to the event's stakeholder group, then the effort risks being wasted. Communicating findings effectively to the business will not only arm you with control and confidence to alleviate your fear, but enables you to demonstrate your strategic position to your non-event peers.
Like with many things, you have to consider what that end presentation might look like from the very beginning. It's critical to understand before you even start collecting your event data:
Once you've collected the right data and communicated findings effectively, it's then imperative that you actually use your insights strategically: closing the loop.
If, during steps one and two, you've established that an event isn't performing as the business would like, rather than being fearful of how this reflects on the events function, use this knowledge to strategically review the future of that particular event or portfolio. Closing this loop allows you to redistribute budgets, consolidate assets, make justified decisions and strategically redesign the future of your events programme.
For a long time, there has been a fear of robustly measuring the performance of our events. Yet if we let dataphobia reign supreme, we will never have the right tools to defend our functions, our roles and our teams.
The real scary thing is not being able to demonstrate crucial event value in a period of corporate event instability.
What is dataphobia in the context of corporate events? Dataphobia is the fear that robust event measurement will expose flaws or weaknesses in the event programme: making the function more vulnerable to scrutiny rather than more defensible. In practice, the opposite is true: data is what protects event teams in turbulent times.
Why are attendee numbers and revenue not enough as performance metrics? Both are reactive: by the time they decline, it's too late to make strategic changes. They also don't reveal what actually matters: how attendees perceive your brand, how their behaviour shifts, and what long-term business impact the event drives.
How do I communicate event findings effectively to senior stakeholders? Start with the end presentation in mind. Define what success looks like, identify the metrics that map to it, understand each stakeholder's priorities, and design the report around the decision you want them to make: not the data you happen to have.
What's the first step to overcoming dataphobia? Collect the right data: leading indicators of perception and behaviour, not just lagging revenue and attendance. Once you know what good looks like, the fear of what the data might reveal is replaced by the confidence of knowing what to do next.
Explori operationalises measurement methodology proven across thousands of events. The questions, the framework, the benchmarks, all built in, all defensible to leadership.