transforming social media data into actionable business intelligence

33
Transforming Social Media Data into Actionable Business Intelligence Social Media World Forum Olympia, London 2011 Patrick Massey Senior Director Strategy & Insight

Upload: social-media-world-forum

Post on 01-Nov-2014

356 views

Category:

Business


2 download

DESCRIPTION

Senior Director at Alterian, Patrick Massey speaks on transforming social media data into actionable business intelligence at Social Media World Forum, London 2011. (http://www.socialmedia-forum.com/europe/)

TRANSCRIPT

Page 1: Transforming Social Media Data into Actionable Business Intelligence

Transforming Social

Media Data into

Actionable Business

IntelligenceSocial Media World Forum

Olympia, London 2011

Patrick Massey

Senior Director – Strategy & Insight

Page 2: Transforming Social Media Data into Actionable Business Intelligence

I have grown up mostly digital.

Page 3: Transforming Social Media Data into Actionable Business Intelligence

I have used research for 20 years

Page 4: Transforming Social Media Data into Actionable Business Intelligence

Social Media monitoring tools

Social Media content

Strategy & Insight

Community and co-creation

Page 5: Transforming Social Media Data into Actionable Business Intelligence

We all know social is big.

Page 6: Transforming Social Media Data into Actionable Business Intelligence

What’s the ROI of social media?

“At its broadest

sense the right

notion. But it’s the

wrong question. You

may as well as

what’s the ROI of

putting your

underpants on every

day”

Scott Monty, Ford

Page 7: Transforming Social Media Data into Actionable Business Intelligence

Image representing change

But how brands think

about data insight is changing

Page 8: Transforming Social Media Data into Actionable Business Intelligence

Standing the test of time

“Whether delivering

information, opinions,

perspectives, dissenting

arguments or humorous

asides, the human voice

is typically open, natural,

uncontrived”

Page 9: Transforming Social Media Data into Actionable Business Intelligence

Gartner: Digital Marketing: The Critical Trek for

Multichannel Campaign Management; Feb 2011

Outbound comms Engagement

Information Conversation

Interruption Interaction

Annoyance Entertainment

Advertising Content

FROM TO

Targeting Collaboration

Page 10: Transforming Social Media Data into Actionable Business Intelligence

The questions we are asked

2008 / 2009 – The

“What?”

How should

we blog?

Should we

use

Twitter? What can

we learn

from

social

media?

Page 11: Transforming Social Media Data into Actionable Business Intelligence

Using social media conversations for

business insight

Page 12: Transforming Social Media Data into Actionable Business Intelligence

Data analysis as a cultural phenomenon

Page 13: Transforming Social Media Data into Actionable Business Intelligence

Data analysis as a cultural phenomenon

Page 14: Transforming Social Media Data into Actionable Business Intelligence

Data analysis as a cultural phenomenon

Page 15: Transforming Social Media Data into Actionable Business Intelligence
Page 16: Transforming Social Media Data into Actionable Business Intelligence

Analysis examples

Page 17: Transforming Social Media Data into Actionable Business Intelligence

DELETED IN CONFIDENCE

Page 18: Transforming Social Media Data into Actionable Business Intelligence

This kind of analysis allows you …

…to see if people are talking about your brand at all

..to see the impact of new products & services

…to see where people are talking about you

…to understand what is annoying people so much they need to share it with others

…to know what they love about you

…to measure the effectiveness of your campaigns

…to optimise your SEO

… to identify those people who are influencing others (good or bad)

… to see what ideas they come up with

Page 19: Transforming Social Media Data into Actionable Business Intelligence

Successful analysis

Page 20: Transforming Social Media Data into Actionable Business Intelligence

7 steps to using social media for business insight

1. Involve others parts of your organisation2. Get hold of a decent SM monitoring tool3. Start simply. Focus on what they are saying about your brand4. Identify your influencers are ensure they are part of your social media strategy5. Only then, look at what people are saying about competitors6. Only then, look at what people are saying in your industry7. Track, report and refine; keep outputs rich, linked to other data, interesting and relevant

1: Involve other parts of your

organisation

Page 21: Transforming Social Media Data into Actionable Business Intelligence

2: Get hold of the right SM

monitoring tool

Page 22: Transforming Social Media Data into Actionable Business Intelligence

3: Start simply. Focus on what they

are saying about your brand

Page 23: Transforming Social Media Data into Actionable Business Intelligence

4: Identify your influencers. Ensure they

are part of your social media strategy from

Day 1

Page 24: Transforming Social Media Data into Actionable Business Intelligence

5: Only then look at what people are

saying about your competitors

Page 25: Transforming Social Media Data into Actionable Business Intelligence

6: Only then look at what people are

saying in your industry

Page 26: Transforming Social Media Data into Actionable Business Intelligence

7: Track, report and refine; keep outputs rich,

interesting and relevant

Page 27: Transforming Social Media Data into Actionable Business Intelligence

Let the business drive the analysis not the technology

Be prepared for unwieldy data sets

Devote sufficient resources to the analysis

Link social data to other sources e.g. media plans

Be prepared to use other methods

There will be further challenges

Page 28: Transforming Social Media Data into Actionable Business Intelligence

A final message

Page 29: Transforming Social Media Data into Actionable Business Intelligence
Page 30: Transforming Social Media Data into Actionable Business Intelligence
Page 31: Transforming Social Media Data into Actionable Business Intelligence
Page 32: Transforming Social Media Data into Actionable Business Intelligence

Social is just one lens through which to

measure, analyse, understand & act

Page 33: Transforming Social Media Data into Actionable Business Intelligence

Thank you

Patrick Massey

Senior Director – Strategy & Insight

[email protected]

London, 2011