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Using Social Data to Predict Real Time Trends
- 1. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.© 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Using social data to predict real time trends
Joe Martin | Manager Adobe Digital Index
Andy Netzel | Senior Manager Social Marketing TTI Floor Care
#AdobeSummit
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Joe Martin
Sr. Analyst Adobe Digital Index
@joemarti
@Adobeindex
#AdobeSummit
- 3. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 3
Andy Netzel
Senior Manager, TTI Floor Care
@Andy216
#AdobeSummit
- 4. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 4
Welcome to Utah – A Local Skiers Guide
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Welcome to Utah – A Local Skiers Guide
SnowBird
Big Emma (Easiest)
Gadzoom/Little Cloud (Moderate)
Mineral Basin (Moderate/Advanced)
Tram (Expert)
Alta
Sunnyside (Easiest)
Collins (Moderate/Advanced)
Sugarloaf (Moderate/Advanced)
Wildcat & Supreme (Expert)
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Track social like a local
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Agenda
1 | Welcome and Overview
2 | Green circle run - simple brand monitoring
3 | Blue square run – geo, emotion, and sentiment
4 | Black diamond run – identifying trends in multiple industries
5 | Back country double black – predicting real time trends with social buzz.
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10+ years of social media
We are all experts right?
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Key Takeaways
Basic brand monitoring
on your company and
its competitors
1 Creating predictions
from historical buzz for
future decisions
3Identify social buzz
trends to make
adjustments to
marketing
2
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Agenda
1 | Welcome and Overview
2 | Green circle run - simple brand monitoring
3 | Blue square run – geo, emotion, and sentiment
4 | Black diamond run – identifying trends in multiple industries
5 | Back country double black – predicting real time trends with social buzz.
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Green Circle Run – Sunnyside lift Alta
11
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Green Circle Run – Survey
12
How many Oscars has Leonardo DiCaprio Won?
A.1
B. 2
C.None
D.3
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How many Oscars has Leonardo DiCaprio Won?
A.1
B. 2
C.None
D.3
Monitoring the Oscars
13
Leonardo DeCaprio had nearly 3x more buzz than Matthew
McConaghey in 2014, but his first Oscar eluded him
- 14. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
The NBA
14
LeBron James edged out MJ
in player buzz before the
season… but…
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The NBA
15
Michael lets his rings
do the talking
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Brand monitoring demo
16
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Basic brand monitoring
17
Understand brand strength vs. competitors
Monitor new and existing products buzz
Track buzz around ad campaigns
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Hoover and social
18
Nobody Wants To Tweet With Their Vacuum.
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Hoover and social
19
But LOTS of people tweet about their vacuum
Especially when it breaks.
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Green Circle – Instructor Tips
20
Hypothesize – What can basic brand
monitoring show me about my brand
Ideas
Month-over-month and Year-over-year
growth/decline
Growth after social push vs. average
day
Brand strength vs. competitors
Product strength vs. competitors
Learn: What are people saying about my
brand?
Act: How can you surprise and delight
those folks?
- 21. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 21
Agenda
1 | Welcome and Overview
2 | Green circle run - simple brand monitoring
3 | Blue square run – geo, emotion, and sentiment
4 | Black diamond run – identifying trends in multiple industries
5 | Back country double black – predicting real time trends with social buzz.
- 22. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Blue Square Run– Collins lift – Saddle Run
22
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What country has the biggest soccer fans?
Answer:
Trick question.
Japan, USA, Brazil,
and UK tied for 12%
share of social buzz
The World Cup
23
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Social buzz leading to real time and future decisions
24
Finding emerging markets for your brand – Indonesia, Malaysia, and
Nigeria also made the top 10 for the World Cup buzz.
Where should you expand next?
Social buzz is a real time survey inside the head of your consumer
- 25. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Brazilians and the World Cup
25
Who remembers how Brazilians felt about the World Cup before the games started?
42% of social buzz from Brazilians expressed Sadness, Anger, or Disgust related to the World Cup before it started
I lived in Brazil when I was 19, emotions can change…..and we can track it.
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Brazilians and the World Cup
26
57% Joy, Admiration, Anticipation
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Social sentiment can reveal a lot about your brand
27
Make quick decisions around customer demands
Respond to customers or trends
Understand why brand has good sentiment or poor sentiment
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Geo and Emotion Demo
28
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Hoover reviews
29
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Hoover reviews
30
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Hoover Reviews
31
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Hoover Reviews
32
But the story isn’t over…
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Hoover Reviews
33
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Hoover Reviews
34
Before we had a chance to craft our response,
we noticed a note by a familiar face.
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Hoover Reviews
35
Conspicuous Consumer wasn’t just a happy customer.
She was now an advocate.
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Hoover Reviews
36
1-1-Many
Team of 3 -> 500 Videos -> 1,000,000 views
Team of 125 -> 750,000 Calls -> 750,000 Affected
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Blue square– Instructor Tips
37
Hypothesize – what can I understand better
with geo, emotion, and sentiment social
analysis
Ideas
What international geos or regions to
expand into next
Real time response to negative social buzz
Benchmark for how consumers or
businesses perceive your brand or product
Scale: Turn 1-to-1 interactions into a show-
don’t tell proof point.
Leverage: Integrate social into non-social
arenas.
- 38. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 38
Agenda
1 | Welcome and Overview
2 | Green circle run - simple brand monitoring
3 | Blue square run – geo, emotion, and sentiment
4 | Black diamond run – identifying trends in multiple industries
5 | Back country double black – predicting real time trends with social buzz.
- 39. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Black Diamond Run – Sugarloaf lift at Alta
39
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Retail and social
40
Identify trending products and tie to inventory levels. Ensure products are stocked
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Automotive and social
41
Automotive Insight buzzed about 2015
models, the new Motortrend award
Adobe Digital Index most buzzed about
car of the year
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Hoover and social
42
Save for Andy
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Hoover and social
43
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Black diamond – Instructor Tips
44
Hypothesize – How can I use social buzz
to identify trends
Ideas
Travel – trending cities, beach-towns,
other tourist destinations
Media – impact of advertising campaign
(Super Bowl)
Retail – link social buzz to inventory
Automotive – Adobe Digital Index 2015
most buzzed about vehicle award
Listen: Targeted listening can become
your biggest ROI
- 45. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 45
Agenda
1 | Welcome and Overview
2 | Green circle run - simple brand monitoring
3 | Blue square run – geo, emotion, and sentiment
4 | Black diamond run – identifying trends in multiple industries
5 | Back country double black – predicting real time trends with social buzz.
- 46. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Backcountry Double Black Run
46
The Widow Maker
- 47. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
The movies and social buzz
47
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Social buzz and the movies
48
Movie profitability
23 for 23 basing profitability off of social
buzz
Advanced modeling can add predictive
elements for product launches
Ex: Fitbit charge
- 49. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
The Super Bowl
49
Super Bowl war room
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The Super Bowl
50
Super Bowl war room picturesMy war room
Algorithm based on total buzz, buzz growth vs
average day, international reach, positive sentiment,
spend efficiency.
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The Super Bowl
51
My war room
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The Super Bowl
52
#Likeagirl wins in our first ever Digital Index 2nd screen awards.
• Largest International reach: Nissan (55%)
• Largest buzz growth: Avocados of Mexico
(3000%)
• Most positive sentiment: Proctor &
Gamble
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The Super Bowl
53
Super Bowl war room picturesMy war room
Creative statistics and formulas can create other
insights from social listening
Compare products or services against each other
Understand best events to advertise during or what
content is performing the best in the social sphere
- 54. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Hoover and social
54
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Instructor Tips
55
Hypothesize – What advanced models
can I create with social buzz
Ideas
Predict success of products based off of
historical buzz (FitBit Charge)
Algorithm to compare social buzz from
successful marketing campaigns to less
successful.
Create buzz from your buzz.
Learn: Buzz is more than just mentions,
look for ways to incorporate geo, emotion,
growth, and predictions into your social
strategy
- 56. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 56
Key Takeaways
Basic brand monitoring
on your company and
its competitors
1 Creating predictions
from historical buzz for
future decisions
3Identify social buzz
trends to make
adjustments to
marketing
2
- 57. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 57
Action Items
Start tracking your brand and products now
Identify emerging markets with buzz in new geos
Monitor sentiment/emotion to engage consumers in real time or improve
products and services
Look for new ways to use buzz – link to inventory levels, create new product
award, upsell opportunities,
Create advanced models with historical buzz to project success of future
products or content
Track Social Like a Local!
- 58. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
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