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Social Hive Index by MSLGROUP

MSL
Sr Manager, Communications & Marketing, Global at MSLGROUP, a Publicis Groupe company
Dec. 12, 2012
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Social Hive Index by MSLGROUP

  1. MSLGROUP’s software and approach for benchmarking social engagement, with context and customization.
  2. CONTEXT
  3. MSLGROUP SOCIAL HIVE Social Hive Index is named after Social Hive, MSLGROUP’s global social media offering, with 150+ dedicated experts, and deep capabilities across Plan, Build and Engage. 1. Social insights 4. Social engagement 5. Social marketing 6. Social business 2. Proprietary products 3. Production studio PLAN ENGAGE BUILD - Social listening - Social analytics - Insight communities - Social apps - Community minisites - Online videos - People’s Lab - Social Hive Index - StoryStream (Q1 2013) - Social CRM - Social commerce - Social enterprise - Movement marketing - Crowdsourcing contests - Social advertising - Branded content - Community engagement - Influencer marketing 1 2 3 4 5 6
  4. MSLGROUP INNOVATION ROADMAP Social Hive Index is a part of MSLGROUP’s innovation roadmap, many of which are powered by social data, in the areas of storytelling, crowdsourcing and citizenship. Citizenship Crowdsourcing Social Data Storytelling - Influencer Community: Research approach for decoding influencer motivations and messages. - PurPle: Approach for collaborative social innovation and grassroots movement marketing. - People’s Lab: Software and approach for crowdsourcing insights and innovation. - Storystream: Software and approach for social curation and social publishing. - Storytelling: Approach for purpose- inspired content planning and storytelling. - Social Hive Index: Software and approach for benchmarking social engagement in context. - People’s Insights: Community-curated insights reports and magazine on inspiring projects. Q4 2012 Q1 2012 Q2 2012 Q1 2012 Q4 2011 Q3 2012 Q1 2013 Gaurav Mishra, Shanghai Tushar Bajaj, Delhi Nidhi Makhija, Mumbai Pascal Beucler, Paris Dominic Payling, L ondon Janelle Dixon, New York - PurPle Multiplier: Community to connect 3700+ MSLGROUP employees to clients’ PurPle projects. Q1 2013
  5. SELL SHEET
  6. SOCIAL HIVE INDEX: SELL SHEET Social Hive Index is MSLGROUP’s proprietary software and approach for benchmarking social engagement. Like Klout, with context and customization. NEED To create a single dynamic score to benchmark how organizations and influencers are engaging their community members on social media around a specific topic, relative to peers. Like Klout, with context and customization. COST The cost includes one-time setup and customization, daily updated dashboard, monthly reporting, qualitative research waves and recommendations. FOR MORE Ask pascal.beucler@mslgroup.com, gaurav.mishra@mslgroup.com and tushar@2020social.com for the Social Hive Index deck and demo, or visit http://socialhiveindex.mslgroup.com. CLIENTS - In discussion with several clients across the world. OFFERING  Creates a dynamic dashboard with a single score, and drilldown details on the score components.  Uses automatically updated social data, qualitative research waves, and our proprietary normalization algorithm.  Quantitative social analytics data from Facebook, Twitter, YouTube, Kred, Klout, Peerindex and SEOMoz.  Qualitative rating scores on the effectiveness of storytelling and engagement.
  7. WHY: THE NEED
  8. SOCIAL HIVE INDEX: THE NEED The effectiveness of social engagement is not universal, but contextual -- relative to a geography, industry, topic or peer group -- but other tools don’t measure social engagement in context. SOCIAL ENGAGEMENT IS CONTEXTUAL The effectiveness of social engagement is not universal, but contextual -- relative to a geography, industry, topic or peer group. OTHER TOOLS DON’T ALLOW CUSTOMIZATION Tools like Klout, Kred and Peerindex that do measure social engagement don’t allow customization around specific use cases. OTHER TOOLS DON’T BENCHMARK SOCIAL ENGAGEMENT Social listening and analytics tools don’t benchmark social engagement around a topic, relative to peers, with a single score. Source: Photos from serakate, grafixer and julia_manzerova on Flickr
  9. SOCIAL HIVE INDEX: THE SOLUTION To create a single dynamic score to benchmark how organizations and influencers are engaging their community members on social media around a specific topic, relative to their peers. GET SINGLE SCORE BETWEEN 1 AND 100 The index normalizes quantitative social data and qualitative scores into a single dynamic score between 1 and 100. ADD CUSTOM NETWORKS, WEIGHTS OR CRITERIA The index provides a number of customization possibilities to meet specific needs and use cases. ADD CONTEXT BY BENCHMARKING WITH PEERS The index benchmarks organizations and influencers against relevant peers, from the same geography, industry, or topic. Source: Photos from lrargerich, cynergy, and bdesham on Flickr
  10. WHAT: THE METHODOLOGY
  11. SOCIAL HIVE INDEX: THE METHODOLOGY The index uses a combination of automatically updated social data, qualitative research waves, and our proprietary normalization algorithm to create a single score between 1 and 100. SOCIAL DATA PROPRIETARY ALGORITHM QUALITATIVE RESEARCH One time, annual, or quarterly qualitative research waves on storytelling and engagement around a topic. Proprietary normalization algorithm to convert social data and qualitative scores into a single score between 1 and 100. Daily updated social data from Facebook, Twitter, YouTube, Kred, Kl out, Peerindex and SEOMoz.
  12. SOCIAL HIVE INDEX: THE METHODOLOGY The index uses a combination of automatically updated social data, qualitative research waves, and our proprietary normalization algorithm to create a single score between 1 and 100. SOCIAL DATA PROPRIETARY ALGORITHM QUALITATIVE RESEARCH Normalize each data point against all other data points of the same type. Pull in social data from Facebook, Twitter, YouTube, Kred, Kl out, Peerindex and SEOMoz. Select a theme, define the universe of entities, and identify all social properties. 1 4 5 Assign weights (0, .5, 1) to each property based on fit with topic. 2 Score each entity on storytelling and engagement, based on benchmarks. 3 Aggregate all the data points for the same channels into a single channel score. 6 Aggregate all the channel scores into a single score between 1 to 100. 7 Proprietary normalization algorithm to convert social data and qualitative scores into a single score between 1 and 100. Daily updated social data from Facebook, Twitter, YouTube, Kred, Klout, Peerindex and SEOMoz. One time, annual, or quarterly qualitative research waves on storytelling and engagement around a topic.
  13. SOCIAL HIVE INDEX: QUANTITATIVE SOCIAL DATA The index uses automatically updated quantitative social data from Facebook, Twitter, LinkedIn, YouTube, SlideShare, Klout, Peerindex, Kred and SEOMoz. FACEBOOK PAGE: Number of likes, Number of people talking about the brand WEBSITES AND BLOGS (From SEOMoz): Domain authority, Page authority, MozRank, Number of external links YOUTUBE CHANNELS: Subscribers, Number of views, Number of videos TWITTER PROFILE: Followers, Number of tweets, Favorites, Retweets, Klout score, PeerIndex score, Kred score INFLUENCE MEASURES: Klout score, Peer Index measures, Kred scores.
  14. SOCIAL HIVE INDEX: QUALITATIVE SCORES The index also uses one time, annual, or quarterly qualitative research waves to assign weights to each property and score each entity on storytelling and engagement around a topic. STORYTELLIN G SCORES ENGAGEMENT SCORES RELEVANCE WEIGHTS Weights to each property based on relevance to topic: - 0, if not really relevant to topic. - 0.5, if partially relevant to topic. - 1, if dedicated to topic. Score of 1-10 for each entity against study-specific benchmark, based on: - Crowdsourcing and curating content, not only sharing own content. - Engaging in two way conversations, through questions and calls to action. - Creating incentives for participation and action, like contests. Score of 1-10 for each entity against study-specific benchmark, based on: - Repurposing stories into long-form and short-form content. - Telling stories across multiple channels, with customization. - Telling stories across multiple media types, including videos and infographics. Plus, custom criteria for each study.
  15. QUALITATIVE SCORES : MORE OPTIONS The Social Hive Index platform is dynamic and flexible to incorporate alternate measures in place or in addition to storytelling and engagement. POPULARITY : SHARE OF VOICE Quantitative data, The share of voice as a percentage is a measure of external mentions and can be incorporated as a measure of popularity in the Social Hive Index. REVIEWS AND SEARCH : REPUTATION Online reputation can be measured using tools and techniques depending on Industry type. Page rank and review aggregators can be incorporated to add a measure of reputation to the Index. PERCEPTION :SENTIMENT ANALYSIS Quantitaive analysis from pre-existing tools gives positive comments as a percentage and this can also be incorporated in the index as a measure of perception. Brand 1 Brand 2 Brand 3 Brand 4 BRAND 1 BRAND2 SENTIMENT POSITIVE NUETRAL NEGATIVE SHARE OF VOICE REVIEWS AND RANKS
  16. SOCIAL HIVE INDEX: DYNAMIC DASHBOARD The dynamic, daily updated dashboard can be fully customized to create a public leaderboard, a private dashboard, or a part of a research report. Customizable header Customizable banner Customizable background Customizable text, HTML or RSS widgets Leaderboards by channel Customizable colour scheme Customizable announcement Company score between 1 and 100 Breakup of company score Customizable company description Chart with breakup of company score
  17. HOW: USE CASES USE CASES AND BENEFITS TO MARKETERS
  18. SOCIAL HIVE INDEX: USE CASES The index can be used across a range of use cases, from public topic leaderboards for thought leadership, to research report to benchmark best practices, and private company dashboards for campaign measurement. PUBLIC TOPIC LEADERBOARDS To create a public leaderboard of the most engaging “Fortune Global 100 companies on sustainability” or “UK influencers on beauty”. PRIVATE COMPANY DASHBOARDS To create a private dashboard to benchmark a company against relevant peers in the same industry, geography, or topic. BENCHMARK RESEARCH REPORTS To create a research report to benchmark best practices on storytelling and engagement in an industry, geography, or topic. Source: Photos from pahudson, 59937401@N07, and darwinbell on Flickr
  19. CASE STUDY: PURPLE INDEX
  20. SOCIAL HIVE INDEX CASE STUDY: PURPLE INDEX MSLGROUP’s PurPle Index measures how effectively the Fortune Global 100 firms are engaging people on social media around their purpose, in the areas of environment, health, education and human potential. UNIVERSE: FORTUNE GLOBAL 100 FIRMS Covers all English-language, global (or US) corporate social media channels from the top 100 firms in the Fortune Global 500 list. DATA: QUANTITATIVE & QUALITATIVE Based on social data from Facebook, Twitter, YouTube, Klout, Peerind ex & SEOMoz and qualitative scores on storytelling & engagement. THEME: CORPORATE PURPOSE Assigns weights for each channel for relevance to the four purpose areas: environment, health, education and human potential.
  21. GET SOCIAL HIVE INDEX TODAY! Pascal Beucler SVP and Global Chief Strategy Officer, pascal.beucler@mslgroup.c om
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