The following is a podcast for "From Data to Direction: How to Convert Social Media Data Into Actionable Insights." This webinar originally aired on November 25th, 2014. Listen to the audio recording to learn more:
A lot of promises have been made about social media data and how it can be used for business intelligence. But when it comes to finding actual insights that drive new business initiatives, organizations often get lost along the way.
The thing that many brands don’t realize is that social media is actually big data. It’s unstructured, global in scope, and if you don’t know where to focus your collection and analysis, moving from data to a strategic direction is very difficult.
In this webinar, a panel of social media analytics experts and industry leaders will team up to share their insights on specific ways you can better use social media data to improve operations across the organization.
We’ll show you:
-Essential insights about Buyer Personas—and why they matter for social data
-How to get fast, accessible insights using advanced real-time analysis
-How to prioritize social data insights for fastest business impact
3. #SMTLive
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4. David Drodge started his digital career almost 20 years ago starting an online agency. He joined Sony Europe
launching its first regional website. Then ventured into global roles in travel e-commmerce, digital B2B, and now
WWF International as head of digital. Over the last 2 years, he's lead the International WWF accounts and the WWF
network to 15M social followers: bit.ly/wwf-socialstats. @WWF
Kareem Rahaman is a marketing specialist with a long history of digital communication consulting. He currently works
at Ryerson University in the Undergraduate Admission and Registrar’s Office as the Senior Digital Communications
Officer where he uses digital media to recruit and convert prospective students to full time Ryerson students as well
as helping deliver exceptional service through online channels to current students.In 2013, Kareem founded Splash
Effect, a full service digital marketing agency with a strong focus on helping higher education institutions and startups
engage their target markets. @dynamyk
Ben Cockerell is the Product Marketing Manager for Hootsuite Analytics. With a diverse background and positions
that focused on creative strategy, content creation, and inbound marketing, Ben aims to combine human creativity
and the power of data analytics into unique and insightful marketing strategies. @bpcockerell
#SMTLive
Our Speakers
Paul Dunay is an award-winning B2B marketing expert with more than 20 years’ success in generating demand and
creating buzz for leading technology, consumer products, financial services and professional services organizations.
Paul is the author of five “Dummies” books including Facebook Advertising for Dummies (Wiley 2010), and Facebook
Marketing for Dummies 3rd Edition (Wiley 2012). @PaulDunay
5. Who needs social data, and why?
• Not enough to be a social marketing team anymore – need to be a
fully social organization
6. Social data gives a competitive edge
88%
Believe social media presence is important to stay competitive
86%
Agree analyzing social engagement helps company’s bottom line
40%
Of companies are able to capitalize on this social data
61%
Challenged to turn social data into actionable insights
7. Top reported needs for social media management across
departments
81% 80%
Analytics Security
8. 40% of social media teams reside in
the Marketing department
Altimeter Group, “The State of
Social Business”, 2013
9. The problem
• Lack of access to social data outside the Marketing department
• Lack of knowledge about HOW to use that social data
10. The opportunity
• For marketers
– Share your knowledge
– Forge ties across departments
– Become a thought leader in your own organization
• For others
– Harness powerful social data effectively to drive important
business decisions
15. Key Department Use Cases
• PR & Corporate Communications
– Crisis management
• Customer Service
– Detect potential issues
• Sales
– Research to prep for calls, pitches, social selling
17. Crisis Management with Social Data
• Key is to set up monitoring BEFORE there’s a crisis
• Search for:
– Brand name, company name, and names of products/services your
company offers
– Names/social handles of company executives
– Partner companies and brands
– Brand ambassadors/spokespeople
– Known issues/news stories
21. Detect Potential Issues with Social Data
• 2/3 of people in a recent JD Power & Associates Study used social media
for customer service issues
22. Detect Potential Issues with Social Data
• Speed is key in responding to inquiries on social
• Stay ahead of potential issues by setting up searches ahead of time
• Search for:
– Mentions of brand, company, and product names
– Mentions of support handles (i.e. @hootsuite_help)
– Mentions of brand name and negativity—words like “worst”, “broken”,
etc.
23. Detect Potential Issues with Social Data
• Key Metrics:
– Mentions volume
– Sentiment
– Common keywords
24. Customer Service
• Other key use cases for social data:
– Evaluating Customer Service efficiency
– Plan Allocation of Resources
– Track Individual and Team Performance
26. Brand Research and Call Prep with Social Data
• Gather data before calls, pitches, or social selling efforts to be well-prepared
• More prepared sales outreach better leads through the pipeline,
faster
• Search for:
– Brand and company name (yours and your targets’)
– Specific products and services
– Mentions of your brand alongside your competitors’ brands
– Competitor name + negative words (“hate”, “frustrated”, etc.)
27. Brand Research and Call Prep with Social Data
• Key Metrics:
– Mentions volume
– Common keywords
– Sentiment
28. B2B Brands succeed with these social data for Sales
• One customer in the B2B Technology industry had amazing success
with this approach:
– Faster prep work before 1st touch
– More informed 1st touches – through social, email, and phone
communications
– 13x increase in leads from social outreach
29. Sales
• Other key use cases for social data:
– Social Selling
– Competitive Intelligence
– Measure individual and team performance
30. More data across more of the organization
• Key department use cases:
– Product development
• Identify what resonates with consumers & customers
• Identify and quantify product issues
– Human Resources
• Social recruiting
• Employee Advocacy
37. Social media analytics and action
• Tool specific analytics weekly for conversion
• Measure social engagement, email & petition sign-ups
• Experiment and tweak content, post timing, etc
• Improvements into the planned, weekly editorial calendar
• Real time started with ad hoc projects then tools
• Reacting in real time to news concerning a campaign
• Thanking influencers (from DM to public acknowledgement)
• Extending to daily activity slowly as resources allow to insert
ourselves into the relevant popular conversations
43. • Over 10,000 tweets covered
• Over 1700 tagged
• Over 300 with multiple touchpoints
• 78% of those with multiple
touchpoints accepted
• 41% with one touchpoint accepted
Results
44. David Drodge started his digital career almost 20 years ago starting an online agency. He joined Sony Europe
launching its first regional website. Then ventured into global roles in travel e-commmerce, digital B2B, and now
WWF International as head of digital. Over the last 2 years, he's lead the International WWF accounts and the WWF
network to 15M social followers: bit.ly/wwf-socialstats. @WWF
Kareem Rahaman is a marketing specialist with a long history of digital communication consulting. He currently works
at Ryerson University in the Undergraduate Admission and Registrar’s Office as the Senior Digital Communications
Officer where he uses digital media to recruit and convert prospective students to full time Ryerson students as well
as helping deliver exceptional service through online channels to current students.In 2013, Kareem founded Splash
Effect, a full service digital marketing agency with a strong focus on helping higher education institutions and startups
engage their target markets. @dynamyk
Ben Cockerell is the Product Marketing Manager for Hootsuite Analytics. With a diverse background and positions
that focused on creative strategy, content creation, and inbound marketing, Ben aims to combine human creativity
and the power of data analytics into unique and insightful marketing strategies. @bpcockerell
#SMTLive
Our Speakers
Paul Dunay is an award-winning B2B marketing expert with more than 20 years’ success in generating demand and
creating buzz for leading technology, consumer products, financial services and professional services organizations.
Paul is the author of five “Dummies” books including Facebook Advertising for Dummies (Wiley 2010), and Facebook
Marketing for Dummies 3rd Edition (Wiley 2012). @PaulDunay
45. #SMTLive
Upcoming Webinar
December 2nd
Behavioral Targeting: An Invasion of Privacy or the Next
Best Marketing Tactic
Featuring: Eric Siegel of Predictive Analytics World,
David Fowler of Act-On Software and Paul Dunay of PwC
Editor's Notes
Show as bar graphs – build and animate so they grow
Organizations believe social media is important in staying competitive. In particular the data mined from it can
contribute to their bottom line, but organizations do not yet fully capitalize on the data captured by social media.
• A strong majority (88%) of organizations agree their organization's social media presence is important to
stay competitive. <Q800>
• Virtually all respondents (86%) agree analyzing data about their social media engagement can help
their company improve its bottom line, but only 40% agree their company fully capitalizes on the data
captured by social media. <Q800>
• Most organizations (61%) are challenged by the effort to turn social media data into something
actionable. <Q825>
For 72% of organizations, the number of departments using social is growing
Top reported needs for social media management across departments
Analytics (81%)
Maintaining security of social media accounts (80%)
From the gartner predictions 2015:
Advanced, Pervasive and Invisible Analytics – Gartner predictions 2015 - http://www.gartner.com/newsroom/id/2867917
Analytics will take center stage as the volume of data generated by embedded systems increases and vast pools of structured and unstructured data inside and outside the enterprise are analyzed. "Every app now needs to be an analytic app," said Mr. Cearley. "Organizations need to manage how best to filter the huge amounts of data coming from the IoT, social media and wearable devices, and then deliver exactly the right information to the right person, at the right time. Analytics will become deeply, but invisibly embedded everywhere." Big data remains an important enabler for this trend but the focus needs to shift to thinking about big questions and big answers first and big data second — the value is in the answers, not the data.
Risk-Based Security and Self-Protection
All roads to the digital future lead through security. However, in a digital business world, security cannot be a roadblock that stops all progress. Organizations will increasingly recognize that it is not possible to provide a 100 percent secured environment. Once organizations acknowledge that, they can begin to apply more-sophisticated risk assessment and mitigation tools. On the technical side, recognition that perimeter defense is inadequate and applications need to take a more active role in security gives rise to a new multifaceted approach. Security-aware application design, dynamic and static application security testing, and runtime application self-protection combined with active context-aware and adaptive access controls are all needed in today's dangerous digital world. This will lead to new models of building security directly into applications. Perimeters and firewalls are no longer enough; every app needs to be self-aware and self-protecting.
Other capabilities included:
Measuring campaign results (79%)
Listening/monitoring conversations (75%)
Ability to manage multiple accounts (79%)
Ability to execute campaigns across multiple accounts (76%)
Talk track: while PR and corporate comms are often housed in Marketing dept, they have their own unique goals – one of which is to nip things in the bud when a crisis arises. In social media, word travels fast, and if your PR team isn’t using the data to formulate responses to crises or potential problems, you’re missing out on a way to grab information that could help you create a faster, better response before social conversations around your brand go downhill. If a problem with your company or product occurs, you know you’ll see it on social.
Panda.org/socialstats at September 3rd, 2014 –over 14M (FB + TW) (G+ another 1.4M). Twitter WWF INT is #3 NGO - http://www.socialbakers.com/twitter/group/society/tag/ngo/
Partnership announced - http://wwf.panda.org/?213871/Team-Garmin-Sharp-partner-with-WWF
Our orgainc reach on Facebook average around 20-25% - but we regularly get around 50% - maximum is 75% English / 80% Spanish
https://twitter.com/wwf/status/517347072300052480 1863 retweets
Our Deets
Purpose of the project – justifying all activities that we do – both in-person and online
Determining in person ROI by using social
Justifying all activities that we do – both in person and online.
Determining ROI using social media (steering committee and how to justify large spending; while ROI is often looked at with actual social media, wanted to focus on day to day activities)
Sam
Surveys
What we did with the data
Didn’t allow for connects between events – no correlation on repeat visits
Explanation of the tagging process – Hootsuite and UberVU + Radian6
Actual process
Time involved
*change slide image*
Despite the incredible picture our setup really only includes and iMac and extra monitor.
Staffing
Include Steering Committee (working together to promote events)