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Social Media
   Analytics:
Vendor Selection Best
Practices and Sample
      Reporting
     January 19, 2012
OVERVIEW

 Vendor Selection Best   3-6
 Practices


 Sample Reports          8-13
Vendor
Selection Best
Practices
An Bui, an.bui@alum.swarthmore.edu
Generating Insights
 BRANDS WANT TO KNOW
 • Where is the information
 • How much are people talking
 • How many people do we care about
 • How do our customers feel& will we know it
 • How do people feel
 • How often do they do what we wish
 • Are we getting our money’s worth or delivering value

 “…[companies] can quickly identify relevant verbatims, classify comments by positive or
 negative sentiment, and engage in all manner of text mining to reveal unexpected patterns
 and trends…” – Gleansight Social Intelligence Q32011 Report
Choosing a Vendor

   Technology Evaluation Factors:                      Organization Evaluation Factors:
       Content aggregation and normalization                     Technological interest / aptitude
  Text mining, tagging and database management                     Current workflow processes
        Trigger alerts / automated reporting        Identification of pain points by level, function and goal
           Display / querying dashboard
                  Product roadmap

                                          Reporting from
                                       Forrester, Gleanster,
                                       Altimeter Group and
                                         Gartner analysts


      Vendor Evaluation Factors:                            Organization / Vendor Fit:
    Responsiveness / customer support                  Vendor ability to meet current and future
   Training / onboarding / account setup                    organizational requirements
   Vendor strategy / organizational health
Forrester Analysts Say…


Current offering:
          Background information
          Data sources
          Text analysis
          Functionality
          Consulting / analysis services
Strategy:
          Strength of management team
          Corporate strategy
          Product strategy
          Cost
Market Presence:
          Customers
          Financials
          Employees
Sample Reports
Share of Voice: Channel and Author

   160
                                                       Segmenting mentions by social
   140
   120                                                 media channels signal (a) which
   100                                                 ones already have those
    80
    60
                                                       mentioning the brand; (b)
    40
                                   Client Mentions
                                                       whether any message pull
                                   Industry Mentions
    20                                                 through occurs in channels we’ve
     0
                                                       targeted.
                   Digg
                  Plurk




                   Bing


              YouTube
            Indenti.ca




                Picasa
            Clipmarks


          Boardreader




              Delicious
                  Pixsy

             Facebook
               Twitter




          Yahoo News
           Friendfeed



         Google_Voice




                                        18
                                        16
                                        14
                                        12
  Segmenting mentions by authors        10
  signal (a) which ones maybe            8
                                         6
  brand advocates or badvocates;         4
                                                                                Client Mentions
                                                                                Industry Mentions
  (b) who may be appropriate for         2
                                         0
  either customer reference lists or
  lead lists. We recommend further
  study.
Share of Voice: Sentiment and Hashtag
  700
                                                             Generally, Client tracks to the
  600                                                        industry in terms of sentiment.
  500                                                        To increase positive
  400                                                        sentiment, we should examine
  300
                                        Client Sentiment
                                                             each aspect of the Customer
                                        Industry Sentiment
  200
                                                             Experience and User Experience.
  100

    0                                   30

        Positive   Neutral   Negative   25

                                        20
  Client is associated with
                                        15
  conversations around recent
                                        10                                         Client Hashtags
  messaging foci:                                                                  Industry Hashtags
  #secondscreenand iOS devices.         5

  The addition of #bestappever          0

  indicates that authors of those
  posts are likely candidates for
  brand advocacy.
Additional Conversational Analysis



   14 Client           153 Movie           Strength =        45 Positive       1 Negative        Sentiment =
   Mentions           App Mentions            9.2%           Mentions           Mention             45: 1


 Strength:measure oflikelihood that your brand is being     Sentiment:ratio of positive to negative mentions
 discussed in social media. Phrase mentions w/in the last
 24 hours divided by the total # of possible mentions



   47 Unique            93 Total                             11 Authors
                                          Reach = 51%                            69 Total         Passion =
    Authors             Mentions                             of Multiple
                                                                                 Authors            16%
                                                              Mentions


 Reach:measure of range of influence. Unique authors        Passion:measure of likelihood that individuals
 referencing the brand divided by total brand mentions      talking about your brand will continue to do so
                                                            repeatedly. A small group of advocates that
                                                            continually talk about your brand will result in a
                                                            higher passion score. Every mention by a
                                                            different author will result in a lower passion
                                                            score
Social Media at a Glance


                           This sample report
                           exemplifies the data
                           visualizations available via
                           Lithium Social Media
                           Monitoring. Insight is
                           available with access to the
                           raw data.

                           Not pictured: pull quotes
                           with examples of love /
                           hate / recommendations
                           from customers relevant to
                           Netflix or Blockbuster.
Digital Peoplescape: Twitter

                         Discover the relationships those you
                         tweet with have.


                         Surface the themes relevant to your
                         2d degree circle.


                         Drill in to discover affinity
                         relationships


                         Ex. Twitter and Townhall both
                         discuss #AskObama. Potential for
                         joint campaign around that theme.
Social Media Trends and Opportunities

                         The mid-October spike resulted from of a
                         feature release that encouraged social sharing
                         from within the app.


                         The late November dip was likely driven by
                         Thanksgiving holidays, as fewer people used
                         the app on Thanksgiving.




                         Client should consider integrating online and
                         event marketing efforts, with campaigns at
                         industry events in LA and mobile app events in
                         Seattle.


                         A foursquare scavenger hunt, booth demo
                         giveaways, or FanAdvocate events can generate
                         additional buzz. …and so on…

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Social Media Analytics Vendor Selection and Reporting Best Practices

  • 1. Social Media Analytics: Vendor Selection Best Practices and Sample Reporting January 19, 2012
  • 2. OVERVIEW Vendor Selection Best 3-6 Practices Sample Reports 8-13
  • 3. Vendor Selection Best Practices An Bui, an.bui@alum.swarthmore.edu
  • 4. Generating Insights BRANDS WANT TO KNOW • Where is the information • How much are people talking • How many people do we care about • How do our customers feel& will we know it • How do people feel • How often do they do what we wish • Are we getting our money’s worth or delivering value “…[companies] can quickly identify relevant verbatims, classify comments by positive or negative sentiment, and engage in all manner of text mining to reveal unexpected patterns and trends…” – Gleansight Social Intelligence Q32011 Report
  • 5. Choosing a Vendor Technology Evaluation Factors: Organization Evaluation Factors: Content aggregation and normalization Technological interest / aptitude Text mining, tagging and database management Current workflow processes Trigger alerts / automated reporting Identification of pain points by level, function and goal Display / querying dashboard Product roadmap Reporting from Forrester, Gleanster, Altimeter Group and Gartner analysts Vendor Evaluation Factors: Organization / Vendor Fit: Responsiveness / customer support Vendor ability to meet current and future Training / onboarding / account setup organizational requirements Vendor strategy / organizational health
  • 6. Forrester Analysts Say… Current offering: Background information Data sources Text analysis Functionality Consulting / analysis services Strategy: Strength of management team Corporate strategy Product strategy Cost Market Presence: Customers Financials Employees
  • 8. Share of Voice: Channel and Author 160 Segmenting mentions by social 140 120 media channels signal (a) which 100 ones already have those 80 60 mentioning the brand; (b) 40 Client Mentions whether any message pull Industry Mentions 20 through occurs in channels we’ve 0 targeted. Digg Plurk Bing YouTube Indenti.ca Picasa Clipmarks Boardreader Delicious Pixsy Facebook Twitter Yahoo News Friendfeed Google_Voice 18 16 14 12 Segmenting mentions by authors 10 signal (a) which ones maybe 8 6 brand advocates or badvocates; 4 Client Mentions Industry Mentions (b) who may be appropriate for 2 0 either customer reference lists or lead lists. We recommend further study.
  • 9. Share of Voice: Sentiment and Hashtag 700 Generally, Client tracks to the 600 industry in terms of sentiment. 500 To increase positive 400 sentiment, we should examine 300 Client Sentiment each aspect of the Customer Industry Sentiment 200 Experience and User Experience. 100 0 30 Positive Neutral Negative 25 20 Client is associated with 15 conversations around recent 10 Client Hashtags messaging foci: Industry Hashtags #secondscreenand iOS devices. 5 The addition of #bestappever 0 indicates that authors of those posts are likely candidates for brand advocacy.
  • 10. Additional Conversational Analysis 14 Client 153 Movie Strength = 45 Positive 1 Negative Sentiment = Mentions App Mentions 9.2% Mentions Mention 45: 1 Strength:measure oflikelihood that your brand is being Sentiment:ratio of positive to negative mentions discussed in social media. Phrase mentions w/in the last 24 hours divided by the total # of possible mentions 47 Unique 93 Total 11 Authors Reach = 51% 69 Total Passion = Authors Mentions of Multiple Authors 16% Mentions Reach:measure of range of influence. Unique authors Passion:measure of likelihood that individuals referencing the brand divided by total brand mentions talking about your brand will continue to do so repeatedly. A small group of advocates that continually talk about your brand will result in a higher passion score. Every mention by a different author will result in a lower passion score
  • 11. Social Media at a Glance This sample report exemplifies the data visualizations available via Lithium Social Media Monitoring. Insight is available with access to the raw data. Not pictured: pull quotes with examples of love / hate / recommendations from customers relevant to Netflix or Blockbuster.
  • 12. Digital Peoplescape: Twitter Discover the relationships those you tweet with have. Surface the themes relevant to your 2d degree circle. Drill in to discover affinity relationships Ex. Twitter and Townhall both discuss #AskObama. Potential for joint campaign around that theme.
  • 13. Social Media Trends and Opportunities The mid-October spike resulted from of a feature release that encouraged social sharing from within the app. The late November dip was likely driven by Thanksgiving holidays, as fewer people used the app on Thanksgiving. Client should consider integrating online and event marketing efforts, with campaigns at industry events in LA and mobile app events in Seattle. A foursquare scavenger hunt, booth demo giveaways, or FanAdvocate events can generate additional buzz. …and so on…

Editor's Notes

  1. **Double check page #s
  2. What are the typical questions brands and brand managers want to know?
  3. Leverage reporting from analysts to narrow the pool;Take a structured approach to vendor selection and implementation;Organization and vendor fit matter!
  4. Because we’re using analysts as a starting point, we should be mindful of how they evaluate vendors.
  5. Change the data visualization
  6. Change the data visualization
  7. Change the data visualization