Social Media Intelligence & Hidden Information

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A Brave & Willing Soul

description

An overview of how social media can be conduit for open and competitive intelligence. By leveraging readily available, and freely shared information, data can provide more insight than ever before imagined.

Transcript of Social Media Intelligence & Hidden Information

A Brave & Willing Soul

Driving Revenue Through the Lack of Privacy

Utilizing Social Technology for Business IntelligenceEric T. Brey, Ph.D.Associate Professor & Graduate Program Director

College of ManagementUniversity of Wisconsin - Stout

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Gain Actionable Business Intelligence from Social Media

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

• Why - do I want to learn from social media?

• What - is business intelligence in the social realm?

• Where - do we get the relevant information we need?

• When - is the appropriate time and place?

• How - can we use what we learned?

Why?

Social Business Intelligence

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

New Reality of Media

• Search ads

• Sponsored tweets

• Facebook ads

Paid

Owned Earned

• Re-tweets

• Likes

• Comments

• Web

• Landing pages

• Blog

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

• Historical data

• Reactive understanding

• Action to a desired goal

• Collaborative decision making

• Latent integration

• Visualized consumption

Fundamental Shift of Purpose

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Social Media Landscape

Publish

Location

DiscussNetworking

ShareGames

Commerce

Blog & Microblog

Videos & Photos

Comments & FAQ

Reviews & ShoppingEvents & Guides

Personal & Mobile

Casual & Social

The key is the feed...and the competition is fierce!!!

What?

Interaction

Relevancy

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Intuitive

Analysis

Social Intelligence

Interaction

Listening & Sharing

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Relevancy

Information Appropriateness

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Analysis

Effort Valuation

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Intuitive

Nonsensical Elimination

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Where?

Enhanced Demographics

• Audience or brand connectedness

• Social affiliation, activities and network size

• Age and gender breakdown

• Geographic city, state and country level data

• Career choice and relevant income

• Education

• Audience affinity (categorically driven)

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Sentiment Analysis

• Structured data joiner (to the ‘real world’)

• Sentiment scoring

• Classification

• Post projections

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Trends & Issues Predictions

• Topics

• Headlines

• People

• Searches

• Hootsuite & Trendspottr

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Audience Engagement

• Product/service issues

• Early warning of potential crises

• Digital prospecting (social advertising)

• Brand influencers

• Crowdsourcing facilitation

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Core Information

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TrueSocialMetrics.com

Analytics

• ‘Dashboard Pretty’

• Campaign measurement

• Integrated technology analysis

• Exportable manipulation

• Social data picture

LISTEN ANALYZE

RELATE ACT

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Enterprise Integration

• URL shortening

• Domain labeling

• Mobile integration

• CRM system merging

• Customized content delivery

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Governance

• Respond

• Publish

• Workflow

• Daily engagement, author scheduling, collaboration and message impacts

• Post categorization, intelligent routing, productivity measurement, and crisis scoring

• Manage convo, community posts, performance management

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Social ROI

• Last-touch attribution

• Not for social, we help flip the funnel

• e-Commerce transactions

• s-Commerce transactions

• Micro-conversions

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

How?

Open Competitive Intelligence

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Akron, OhioLikelihood that your

brand is being discussed on social

media

Likelihood that individuals talking

about your brand will do so repeatedly

Ratio of generally good to negative

social posts

Measure of range; unique authors / total number of mentioned

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Akron, Ohio

Goodyear.com Guess What I Know?

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University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Competitive Comparisons

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Total Engagement

2,243%

740%

13.9%%

1.1%%

0%%

2%%

4%%

6%%

8%%

10%%

12%%

14%%

16%%

0%

500%

1.0K%

1.5K%

2.0K%

2.5K%

GoodyearBlimp%

MichelinMan%

Fan%InteracCon

s%

Fan%Page%Comparison:%Total%Engagement%

Total%Engagement% Engagement%as%%%of%Fans%

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Relative Share of Engagement

75%$

25%$

Rela%ve'Share'of'Engagement'

GoodyearBlimp$ MichelinMan$

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Posts Per Day

1.2$

0.2$

GoodyearBlimp$

MichelinMan$

Brand$Posts$Per$Day$

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Brand Posts

0"

2"

4"

6"

8"

10"

12"

14"

16"

18"

GoodyearBlimp"

MichelinMan"

Fan"Page"Comparison:"Brand"Posts"

Status" Link" Photo" Video" Other"

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Time Sequenced

0"

100"

200"

300"

400"

500"

600"

700"

800"

10/24/12"

10/25/12"

10/26/12"

10/27/12"

10/28/12"

10/29/12"

10/30/12"

10/31/12"

11/1/12"

11/2/12"

11/3/12"

11/4/12"

11/5/12"

11/6/12"

11/7/12"

Fan"Interac5on

s"(Likes,"Com

men

ts,"Posts)"

Fan"Page"Engagement"Comparison"Over"Time"

GoodyearBlimp" MichelinMan"

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Engagement Detail

0" 500" 1.0K" 1.5K" 2.0K" 2.5K"

GoodyearBlimp"

MichelinMan"

Engagement"Details"Comparison"

Fan"Likes" Fan"Comments" Fan"Posts"

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Average Response

128$

354$

10$ 11$4$35$

0$

50$

100$

150$

200$

250$

300$

350$

400$

GoodyearBlimp$

MichelinMan$

Average$Response$Per$Post$

Likes$per$Post$ Comments$per$Post$ Clicks$(bit.ly)$per$Post$

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

People Talking About This

1,437&

1,404&

1.4K&

1.4K&

1.4K&

1.4K&

1.4K&

1.4K&

1.4K&

GoodyearBlimp&

MichelinMan&

People&Talking&About&This&

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Competitive Assessment

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

$133 $109 $43.7

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Comparison - Twitter Engagement Influence with Maximum Effect

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Comparison - Users Followed Social = Response + Akron?

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Users Followed

• I have to ask, do we care about higher education at the University of Akron?

• (read: do we care about the political implications of not being engaged with our perceived competitors’ contacts)

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Comparison - Your Followers Existent Overlap

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Did you Know?

• FCCleveland

• OhioHigherEd

• SummaCareers

• ClevelandRMH

• ResearchAmerica

• BioECorp

• ResearchAmerica

• ACUPCC

• TravelHealthcar

• TESOhio

• CommunitySOLS

• OhioLearns

• AdvanceNEO

• MindsMatterClev

• CelebritySocPro

• collegeprowler

• USATODAYcollege

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

The Zip’s Entourage Truly International

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The Zip’s Entourage Uniquely Domestic

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The Zip’s Entourage They Lack Influence

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

0

7.5

15

22.5

30

<10 10-19 20-29 30-39 40-49 50-59 60-69 70-79

Akron Kent State Cleveland State

Influence Scores

The Zip’s Entourage They are Stalked by Others

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

0 175 350525

700

Average

Median

Akron Kent State Cleveland

Follower’s Followers

The Zip’s Entourage Been Social for a While

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

0

10

20

30

40

1-24h 7-30d 6-12m 2-3y 4y+

Akron Kent State Cleveland State

Account Age

The Zip’s Entourage How Active, How Recent

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Never 1-24h 7-30d 3-6m 1-2y 3-4y

Akron Kent State Cleveland State

Recency of Tweets

The Zip’s Entourage Like, You have Total Talkers, Like

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

0750

15002250

3000

Average

Median

Akron Kent State Cleveland

Number of Tweets

What Does it all Mean?

• Relationship of followers to their influence

• Age of account to the number of tweets

• Tie everything to KPI’s

• Where do you want to make the greatest change

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Sample KPI

• Engagement Duration = time of first reaction/last reaction

• Engagement Ratio = engagement numbers / followers

• Response Ratio = event responses/total number of responses

• Activity Ratio = individual activity / average activity of users

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

Gain Actionable Business Intelligence from Social

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

• Why - do I want to learn from social media?

• What - is business intelligence in the social realm?

• Where - do we get the relevant information we need?

• When - is the appropriate time and place?

• How - can we use what we learned?

University of Wisconsin - Stout | College of Management EricBrey, Ph.D. | ProfessorBrey.com

CONSTANTLY &

EVERYWHERE

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