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Today’s Presenters



• Suresh Vittal
  Principal Analyst
  Forrester Research

• Blake Cahill
  Senior Vice President of Marketing
  Visible Technologies

• Dennis Bye
  Group Manager, Digital Marketing
  Microsoft US Central Marketing Group
Listening in a socially
connected world
Suresh Vittal
Principal Analyst
Forrester Research


February 17, 2009
Listening is the
                                   foundation for a social
                                   media strategy




7   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Agenda

     • The case for listening
     • Defining Listening platforms
     • 2009 Forrester Wave™ on listening platforms
     • Recommendations




8   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Agenda

     • The case for listening
     • Defining Listening platforms
     • 2009 Forrester Wave™ on listening platforms
     • Recommendations




9   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Consumers control a company’s
     reputation
     • Customers are more likely to trust online reviews
       from peers than a company’s marketing.




10   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Consumers control a company’s
     reputation
     • Customers are more likely to trust online reviews
       from peers than a company’s marketing.
     • Conversations, both good and bad, spread quickly.




11   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
News and opinions travel quickly . . .




   Source: USA Today (http://www.usatoday.com/tech/products/2008-11-18-motrin-ads-
12 twitter_N.htm) Forrester Research, Inc. All rights reserved.
     Entire contents © 2008
Consumers control a company’s
     reputation
       • Customers are more likely to trust online reviews
         from peers than a company’s marketing.
       • Conversations, both good and bad, spread quickly.
       • Social tools make brand advocates highly influential.




13   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Social media acts as a proxy for mass
     marketing




                                                                            HP’s Kung Fu
                                                                            Panda
                                                                            campaign
                                                                            contacted 200
                                                                            bloggers, to
                                                                            eventually
      Source: Silicon Valley Mom’s Blog                                     reach more
14   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Consumers control a company’s
     reputation
       • Customers are more likely to trust online reviews
         from peers than a company’s marketing.
       • Conversations, both good and bad, spread quickly.
       • Social tools make brand advocates highly influential.
       • This is only the beginning.




15   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
An informed consumer is a powerful
     consumer
                                                                            The “new info shopper”
                                                                            According to the WSJ and PSB
                                                                             research:
                                                                            • “A whopping 92% of
                                                                              respondents said they had more
                                                                              confidence in information they
                                                                              seek out online than anything
                                                                              coming from a salesclerk or
                                                                              other source.
                                                                            • Information seeking is not just
                                                                              an activity, it's a way of looking
                                                                              at the world.
                                                                            • But how many marketers today
                                                                              work back from what this new
                                                                              consumer is thinking and doing?
                                                                              Not many.
                                                                            • Most lag way behind in creating
                                                                              a new model of consumers and
                                                                              the steps they take before they
                                                                              buy.”
16   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
More than three quarters of the US is
     participating in some way
                                                                   Publish a blog.
                                                                   Publish your own Web pages.
                    21% Creators                                   Upload video you created.
                                                                   Upload audio/music you created.
                                                                   Write articles or stories, and post
                                                                   them.
                                                                    Post ratings/reviews of
                    37%              Critics                        products/services.
                                                                                                                   Forrester
                                                                    Comment on someone else’s blog.
                                                                    Contribute to online forums.
                                                                                                             Technographics
                                                                    Contribute to/edit articles in a wiki.
                                                                                                                          ®
                    19% Collectors                                 Use RSS feeds.
                                                                                                                     Ladder
                                                                   Add “tags” to Web pages or photos.
                                                                   “Vote” for Web sites online.


                    35%              Joiners                       Maintain a profile on a social
                                                                   networking site.
                                                                   Visit social networking sites.

                                                                   Read blogs.
                                                                   Watch video from other users.
                    69% Spectators                                 Listen to podcasts.
                                                                   Read online forums.
                                                                                                             Groups include people
                                                                   Read customer ratings/reviews.
                                                                                                             participating in at least
                                                                                                             one of the activities
                    25% Inactives                                                                            monthly.
                                                                   None of the above



17   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Initially marketers
                                                turned to brand
                                                monitoring




18   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Definition


                               Brand monitoring:
                                             The ongoing analysis of
                                             mainstream media and consumer-
                                             generated content to identify trends
                                             relevant to a company's marketing
                                             activities and competitive
                                             landscape




19   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
But marketers
                                                      need to do more.




20   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Marketers are making listening a top
     priority


        “In 2009, P&G will . . . focus on
        listening. Our goal is to reduce the
        amount spent on traditional
        research by half and to devote the                                  Kim Dedeker
                                                                            VP, Global
        remaining 60% to “listening”                                        Consumer and
                                                                            Market Knowledge
        research.”                                                          Procter & Gamble




21   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Agenda

      • The case for listening
      • Defining Listening platforms
      • 2009 Forrester Wave™ on listening platforms
      • Recommendations




22   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Definition


                               Listening platforms:
                                             A technology and analytics
                                             infrastructure that mines a wide
                                             variety of traditional, online, and
                                             social sources to extract and
                                             deliver insights that shape a firm’s
                                             strategy across the marketing mix




23   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Listening informs many marketing
     activities

                                                                                            Product Innovation


                                                                                 Consumer segmentation

                                                                            Sentiment analysis


                                                             Positioning


                                        Crisis communication

                   Brand monitoring



                Tactical                                                                                 Strategic
                Tactical                                                                                  Strategic
24   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Listening platforms share a three-step
     process
       • Data retrieval
                –From myriad of sources, including social media, rich
                 media, offline media, news, and micromedia
       • Data processing
                –Text analysis through NLP, Boolean processing,
                 and/or human analysis
       • Insight delivery
                –Dashboards, reports, and/or consulting services and
                 advisory


25   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
The listening platform process




     Source: Listening Platforms Landscape Forrester report
26   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Agenda

      • The case for listening
      • Defining Listening platforms
      • 2009 Forrester Wave™ on listening platforms
      • Recommendations




27   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Screening criteria

      • Screening criteria used for determining vendors:
                – Significant market presence
                         •Annual revenues
                         •Client relationships
                –Frameworks to support multiple marketing scenarios
                –Broad data coverage
                –Forrester clients’ demand from inquiries




28   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Forrester Wave™ methodology
       • Screener surveys
            – Determined the most relevant vendors (seven) by evaluating
             vendor’s full business model with surveys
       • Client reference checks
            – Spoke with five current customers for each vendor to validate
             product and vendor qualifications.
       • Hands-on lab evaluations.
            – Vendors spent one day with a team of analysts who performed a
             hands-on evaluation of the product using a scenario-based
             testing methodology.
            – Product demos — Vendors conduct demonstrations of their
             product’s functionality. We used findings from these product
             demos to validate details of each vendor’s product capabilities.
       • Evaluating Forrester exercise
            – Instructed each vendor to track Forrester for a predetermined
             time period and make marketing recommendations based on
             findings
29   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Forrester Wave™ evaluation criteria
     • Current offering
               – Vendor’s breadth, geography, and multilingual coverage of data sources
               – Core functionality — from set up and monitoring, to dashboards,
                reports, alerts, and external integration.
               – Text analysis — how vendors analyze data, extract concepts, and
                identify sentiment
               – Consulting and analysis services — how vendors delivered insights to
                support specific use cases like influencer analysis, new product
                development, and market segmentation
     • Strategy
               – Go-to-market strategies and how well each articulates the move from
                passive brand monitoring to active listening
               – Strength of management teams
     • Market presence
               – Emphasized customer information including feedback from customer
                references, active accounts, average sale size, and client growth

30   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Forrester Wave™ results
                                      Risky          Strong
                                      Bets ContendersPerformers                            Leaders
                                 Strong                                                                  Market presence

                                                                                            Nielsen
                                                                                           BuzzMetrics
                                                                    TNS Cymfony
                                                            Dow Jones Insight
                                                                              Visible
                                                       J.D. Power & AssociatesTechnologies
                                 Current
                                 offering                                             Biz360
                                                                            Radian6




                                    Weak
                                       Weak                                   Strategy               Strong


     Source: “The Forrester Wave™: Listening Platforms, Q1 2009” Forrester report
31   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Agenda

      • The case for listening
      • Defining Listening platforms
      • 2009 Forrester Wave™ on listening platforms
      • Recommendations




32   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Recommendations — questions to answer
      • What are the goals of using the listening platform?
          – Customer segmentation, crisis management, market research for
            product development, competition tracking, etc.
      • Which media sources are relevant to our goals?
          – Social media, traditional media, offline media, or a combination?
      • How much time can the team commit to a listening platform?
          – Dashboards provide relevant results but are time consuming.
          – Reports save time but can lack full value.
          – Services take time but offer high value.
      • How much money can the team commit to a listening platform?
          – Cheaper options often lack robust features.
      • How prepared is the marketing team to use a listening platform?
          – Who will oversee the platform, administer queries, be responsible
            for data, etc.?
33   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Thank you

      Suresh Vittal
      +1 617.613.6097
      svittal@forrester.com
      www.twitter.com/sureshvittal



     www.forrester.com




34   Entire contents © 2008 Forrester Research, Inc. All rights reserved.
Beyond “Listening”
        Examples of How Leveraging Social Media Can
           Transform Your Brand & Organization




Blake Cahill
SVP of Marketing
blake@visibletechnologies.com
Visible Technologies - Overview

• Founded in 2003
• Offices in New York, Seattle, Boston, LA, San Francisco with over 80
  employees
• Industry-leading products to track, measure and engage in social media
  conversations (TruCast®) and online reputation management (TruView™)
• Clients:




• Awards:
Social Media Challenges Marketers & Organizations

• A new channel with overwhelming amounts of data
• Separation of insights and issues from useless data
• Discovery of new topics and trends
• Coordination of ownership across the organization
• Analysis of overall brand impacts
• Identification of “influentials”
• Pro-active participation in discussions
• Competitive analysis
• ROI measures
• Global reach
Who Should be Paying Attention?

• Brand Marketers
• Media Buyers
• Public Relations
• Product Development
• Market Research
• Customer Service
• Executives


   …..THE ENTIRE ORGANIZATION...BUT HOW & WHY?
What Can Be Learned & How?

                                                    Online Word-of-Mouth

                                         Customer Experience

                                   Product Innovation

                            Consumer segmentation

                         Sentiment analysis

                  Positioning

            Crisis communication

      Brand monitoring

                                                               Strategic
      Tactical

Additionally, Customer Experience and Online Word-of-
       Mouth should also be consider categories
Case Study: Brand Monitoring

Situation:
Client was a major
sponsor of the Summer
Olympics and had
invested heavily to
increase awareness
around their brand image
and products.

Action:
Monitor all conversations
about company brand,
products and services ,
and specific athlete
sponsorships to measure
overall volume of
conversations, sentiment,
and any radial/viral spread
of conversations.

Results:
Client saw a large
increase in conversations
while being able to keep
an eye on the overall
sentiment changes
throughout the event. The
individual conversations of
athletes' had a very
positive impact for the
brand.

  This visualization has also been used to track crisis comms situations for clients as well
Case Study: Positioning – Conversation Analysis

Situation:
A major CPG
manufacturer was looking
to understand all online
conversations about their
recently launched food
product with respect to
terms and attributes used
in online discussions
about the product.

Action:
Aggregate all
conversations and dissect
which words and phrases
were being used in
addition to measuring the
sentiment of
conversations as well as
competitor conversations
for similar products.

Results:
Client recognized a
number of key messages
were and were not
resonating with many
consumers and adjusted
marketing messages and
competitive differentiation
based on findings.
Sentiment Analysis – What Can Be Learned?

                            Measuring Sentiment can reveal
                            the relative post-volume and
                            sentiment values for each of the
                            topics of data being collected on
                            behalf of a client.
                            Our client data suggests that
                            typically, less than 25% of
                            statements made about any
                            given topic within the social
                            media space contain sentiment.
                            Additionally, tracking changes in
                            sentiment of conversations
                            overtime (in conjunction with
                            actions taken by marketers or
                            organizations to move this
                            indicator) is a KPI (Key
                            Performance Indicator) that most
                            best-in-class organizations have
                            adopted.
Case Study: Segmentation Analysis

                                    Size shows influence: find
                                    authors who lead, to impact
                                    authors who follow.
Situation:
A major film manufacturer
was looking to understand           Color shows sentiment: find
all online conversations            disgruntled customers of your
about a particular affinity         competitors for conversion.
group prior to the launch
of their new product.                Identify groups with whom your
Additionally, they wanted           competitors don’t have a
to understand competitive           foothold in the marketplace.
affinity and sentiment.
                                     Reach out to brand advocates
Action:                             to reward and encourage their
Aggregate all                       support.
conversations and dissect
which online consumers                Discover strong voices for your
were grouped around a                competitors: know who’s in the
particular affinity as well          room when you engage.
as measure sentiment and
analyze all competitive               Interact with positive
affiliations.                        consumers: they’re more likely
                                     to enjoy your product in the
Results:                             context of their enjoyment of
                                     their activity, creating
Client recognized a                  transference.
number of key influencers
that were brand and un-             Identify broad-market leaders,
brand affiliated to which           who’s broader reach warrants
they targeted there online          outreach: prioritize your actions.
launch actions towards.
Case Study – Online Word-of-Mouth/Engagement

                         Three days later,
                         influential blogger
                         Robert Farago
                         challenges GM’s
                         positioning on “The
                         Truth About Cars”
                         blog




  05/16/08                    05/19/08            05/19/08




                                               TruCast finds TTAC
                                               post and starts
GMnext Team Member
                                               collecting and
Chris Terry writes on
                                               analyzing the growing
GM blog that company
                                               number of comments
is considering more
                                               and conversations
turbo engine vehicles
to address performance
and fuel economy
issues
Case Study – Online Word-of-Mouth/Engagement

Johnny Canada :                                                       Robert Farago :
                                      Chris Terry launches
May 19th, 2008 at 10:05 am                                            May 20th, 2008 at 11:32 am
                                      TruCast Engagement
                                      Manager where he reviews
“Smaller engines using a Turbo                                        “Christe. You may be interested
                                      analysis of all conversations
can generate impressive                                               to note that you are the first GM
                                      and crafts response he
horsepower gains, but still lack                                      employee to ever do so.
                                      posts through platform back
the low rpm torque needed to get                                      Congratulations! Thank you for
                                      to TTAC. TruCast
a heavier vehicle moving. As a                                        engaging in this online
                                      automatically starts
result, a Turbo is best utilized on                                   conversation. I’m extremely
                                      analyzing new comments
small lightweight vehicles.”                                          grateful …Let’s do this again.”



      Mid May                                 05/20/08                            Late May




                                                                            Farago and others
                                                                            acknowledge GM
                                                                            participation and tone of
                                                                            conversation starts
                                                                            changing more
Consumers continue                                                          favorably toward GM
to challenge GM
                                                                            position
positioning
TruCast®

• Comprehensive Data Sources

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Ama Webcast 2.17.09

  • 1. To hear the audio portion of today’s webcast, you MUST dial in: Domestic Participants: 800.926.5124 International Participants: +1 212.231.2908
  • 2. Check out the AMA website
  • 3. Commonly Asked Questions 1. Will I be able to get copies of the slides after the event? 2. Is this web seminar being taped so I or others can view it after the fact?
  • 4. Today’s Presenters • Suresh Vittal Principal Analyst Forrester Research • Blake Cahill Senior Vice President of Marketing Visible Technologies • Dennis Bye Group Manager, Digital Marketing Microsoft US Central Marketing Group
  • 5.
  • 6. Listening in a socially connected world Suresh Vittal Principal Analyst Forrester Research February 17, 2009
  • 7. Listening is the foundation for a social media strategy 7 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 8. Agenda • The case for listening • Defining Listening platforms • 2009 Forrester Wave™ on listening platforms • Recommendations 8 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 9. Agenda • The case for listening • Defining Listening platforms • 2009 Forrester Wave™ on listening platforms • Recommendations 9 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 10. Consumers control a company’s reputation • Customers are more likely to trust online reviews from peers than a company’s marketing. 10 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 11. Consumers control a company’s reputation • Customers are more likely to trust online reviews from peers than a company’s marketing. • Conversations, both good and bad, spread quickly. 11 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 12. News and opinions travel quickly . . . Source: USA Today (http://www.usatoday.com/tech/products/2008-11-18-motrin-ads- 12 twitter_N.htm) Forrester Research, Inc. All rights reserved. Entire contents © 2008
  • 13. Consumers control a company’s reputation • Customers are more likely to trust online reviews from peers than a company’s marketing. • Conversations, both good and bad, spread quickly. • Social tools make brand advocates highly influential. 13 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 14. Social media acts as a proxy for mass marketing HP’s Kung Fu Panda campaign contacted 200 bloggers, to eventually Source: Silicon Valley Mom’s Blog reach more 14 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 15. Consumers control a company’s reputation • Customers are more likely to trust online reviews from peers than a company’s marketing. • Conversations, both good and bad, spread quickly. • Social tools make brand advocates highly influential. • This is only the beginning. 15 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 16. An informed consumer is a powerful consumer The “new info shopper” According to the WSJ and PSB research: • “A whopping 92% of respondents said they had more confidence in information they seek out online than anything coming from a salesclerk or other source. • Information seeking is not just an activity, it's a way of looking at the world. • But how many marketers today work back from what this new consumer is thinking and doing? Not many. • Most lag way behind in creating a new model of consumers and the steps they take before they buy.” 16 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 17. More than three quarters of the US is participating in some way Publish a blog. Publish your own Web pages. 21% Creators Upload video you created. Upload audio/music you created. Write articles or stories, and post them. Post ratings/reviews of 37% Critics products/services. Forrester Comment on someone else’s blog. Contribute to online forums. Technographics Contribute to/edit articles in a wiki. ® 19% Collectors Use RSS feeds. Ladder Add “tags” to Web pages or photos. “Vote” for Web sites online. 35% Joiners Maintain a profile on a social networking site. Visit social networking sites. Read blogs. Watch video from other users. 69% Spectators Listen to podcasts. Read online forums. Groups include people Read customer ratings/reviews. participating in at least one of the activities 25% Inactives monthly. None of the above 17 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 18. Initially marketers turned to brand monitoring 18 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 19. Definition Brand monitoring: The ongoing analysis of mainstream media and consumer- generated content to identify trends relevant to a company's marketing activities and competitive landscape 19 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 20. But marketers need to do more. 20 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 21. Marketers are making listening a top priority “In 2009, P&G will . . . focus on listening. Our goal is to reduce the amount spent on traditional research by half and to devote the Kim Dedeker VP, Global remaining 60% to “listening” Consumer and Market Knowledge research.” Procter & Gamble 21 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 22. Agenda • The case for listening • Defining Listening platforms • 2009 Forrester Wave™ on listening platforms • Recommendations 22 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 23. Definition Listening platforms: A technology and analytics infrastructure that mines a wide variety of traditional, online, and social sources to extract and deliver insights that shape a firm’s strategy across the marketing mix 23 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 24. Listening informs many marketing activities Product Innovation Consumer segmentation Sentiment analysis Positioning Crisis communication Brand monitoring Tactical Strategic Tactical Strategic 24 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 25. Listening platforms share a three-step process • Data retrieval –From myriad of sources, including social media, rich media, offline media, news, and micromedia • Data processing –Text analysis through NLP, Boolean processing, and/or human analysis • Insight delivery –Dashboards, reports, and/or consulting services and advisory 25 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 26. The listening platform process Source: Listening Platforms Landscape Forrester report 26 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 27. Agenda • The case for listening • Defining Listening platforms • 2009 Forrester Wave™ on listening platforms • Recommendations 27 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 28. Screening criteria • Screening criteria used for determining vendors: – Significant market presence •Annual revenues •Client relationships –Frameworks to support multiple marketing scenarios –Broad data coverage –Forrester clients’ demand from inquiries 28 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 29. Forrester Wave™ methodology • Screener surveys – Determined the most relevant vendors (seven) by evaluating vendor’s full business model with surveys • Client reference checks – Spoke with five current customers for each vendor to validate product and vendor qualifications. • Hands-on lab evaluations. – Vendors spent one day with a team of analysts who performed a hands-on evaluation of the product using a scenario-based testing methodology. – Product demos — Vendors conduct demonstrations of their product’s functionality. We used findings from these product demos to validate details of each vendor’s product capabilities. • Evaluating Forrester exercise – Instructed each vendor to track Forrester for a predetermined time period and make marketing recommendations based on findings 29 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 30. Forrester Wave™ evaluation criteria • Current offering – Vendor’s breadth, geography, and multilingual coverage of data sources – Core functionality — from set up and monitoring, to dashboards, reports, alerts, and external integration. – Text analysis — how vendors analyze data, extract concepts, and identify sentiment – Consulting and analysis services — how vendors delivered insights to support specific use cases like influencer analysis, new product development, and market segmentation • Strategy – Go-to-market strategies and how well each articulates the move from passive brand monitoring to active listening – Strength of management teams • Market presence – Emphasized customer information including feedback from customer references, active accounts, average sale size, and client growth 30 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 31. Forrester Wave™ results Risky Strong Bets ContendersPerformers Leaders Strong Market presence Nielsen BuzzMetrics TNS Cymfony Dow Jones Insight Visible J.D. Power & AssociatesTechnologies Current offering Biz360 Radian6 Weak Weak Strategy Strong Source: “The Forrester Wave™: Listening Platforms, Q1 2009” Forrester report 31 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 32. Agenda • The case for listening • Defining Listening platforms • 2009 Forrester Wave™ on listening platforms • Recommendations 32 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 33. Recommendations — questions to answer • What are the goals of using the listening platform? – Customer segmentation, crisis management, market research for product development, competition tracking, etc. • Which media sources are relevant to our goals? – Social media, traditional media, offline media, or a combination? • How much time can the team commit to a listening platform? – Dashboards provide relevant results but are time consuming. – Reports save time but can lack full value. – Services take time but offer high value. • How much money can the team commit to a listening platform? – Cheaper options often lack robust features. • How prepared is the marketing team to use a listening platform? – Who will oversee the platform, administer queries, be responsible for data, etc.? 33 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 34. Thank you Suresh Vittal +1 617.613.6097 svittal@forrester.com www.twitter.com/sureshvittal www.forrester.com 34 Entire contents © 2008 Forrester Research, Inc. All rights reserved.
  • 35. Beyond “Listening” Examples of How Leveraging Social Media Can Transform Your Brand & Organization Blake Cahill SVP of Marketing blake@visibletechnologies.com
  • 36. Visible Technologies - Overview • Founded in 2003 • Offices in New York, Seattle, Boston, LA, San Francisco with over 80 employees • Industry-leading products to track, measure and engage in social media conversations (TruCast®) and online reputation management (TruView™) • Clients: • Awards:
  • 37. Social Media Challenges Marketers & Organizations • A new channel with overwhelming amounts of data • Separation of insights and issues from useless data • Discovery of new topics and trends • Coordination of ownership across the organization • Analysis of overall brand impacts • Identification of “influentials” • Pro-active participation in discussions • Competitive analysis • ROI measures • Global reach
  • 38. Who Should be Paying Attention? • Brand Marketers • Media Buyers • Public Relations • Product Development • Market Research • Customer Service • Executives …..THE ENTIRE ORGANIZATION...BUT HOW & WHY?
  • 39. What Can Be Learned & How? Online Word-of-Mouth Customer Experience Product Innovation Consumer segmentation Sentiment analysis Positioning Crisis communication Brand monitoring Strategic Tactical Additionally, Customer Experience and Online Word-of- Mouth should also be consider categories
  • 40. Case Study: Brand Monitoring Situation: Client was a major sponsor of the Summer Olympics and had invested heavily to increase awareness around their brand image and products. Action: Monitor all conversations about company brand, products and services , and specific athlete sponsorships to measure overall volume of conversations, sentiment, and any radial/viral spread of conversations. Results: Client saw a large increase in conversations while being able to keep an eye on the overall sentiment changes throughout the event. The individual conversations of athletes' had a very positive impact for the brand. This visualization has also been used to track crisis comms situations for clients as well
  • 41. Case Study: Positioning – Conversation Analysis Situation: A major CPG manufacturer was looking to understand all online conversations about their recently launched food product with respect to terms and attributes used in online discussions about the product. Action: Aggregate all conversations and dissect which words and phrases were being used in addition to measuring the sentiment of conversations as well as competitor conversations for similar products. Results: Client recognized a number of key messages were and were not resonating with many consumers and adjusted marketing messages and competitive differentiation based on findings.
  • 42. Sentiment Analysis – What Can Be Learned? Measuring Sentiment can reveal the relative post-volume and sentiment values for each of the topics of data being collected on behalf of a client. Our client data suggests that typically, less than 25% of statements made about any given topic within the social media space contain sentiment. Additionally, tracking changes in sentiment of conversations overtime (in conjunction with actions taken by marketers or organizations to move this indicator) is a KPI (Key Performance Indicator) that most best-in-class organizations have adopted.
  • 43. Case Study: Segmentation Analysis Size shows influence: find authors who lead, to impact authors who follow. Situation: A major film manufacturer was looking to understand Color shows sentiment: find all online conversations disgruntled customers of your about a particular affinity competitors for conversion. group prior to the launch of their new product. Identify groups with whom your Additionally, they wanted competitors don’t have a to understand competitive foothold in the marketplace. affinity and sentiment. Reach out to brand advocates Action: to reward and encourage their Aggregate all support. conversations and dissect which online consumers Discover strong voices for your were grouped around a competitors: know who’s in the particular affinity as well room when you engage. as measure sentiment and analyze all competitive Interact with positive affiliations. consumers: they’re more likely to enjoy your product in the Results: context of their enjoyment of their activity, creating Client recognized a transference. number of key influencers that were brand and un- Identify broad-market leaders, brand affiliated to which who’s broader reach warrants they targeted there online outreach: prioritize your actions. launch actions towards.
  • 44. Case Study – Online Word-of-Mouth/Engagement Three days later, influential blogger Robert Farago challenges GM’s positioning on “The Truth About Cars” blog 05/16/08 05/19/08 05/19/08 TruCast finds TTAC post and starts GMnext Team Member collecting and Chris Terry writes on analyzing the growing GM blog that company number of comments is considering more and conversations turbo engine vehicles to address performance and fuel economy issues
  • 45. Case Study – Online Word-of-Mouth/Engagement Johnny Canada : Robert Farago : Chris Terry launches May 19th, 2008 at 10:05 am May 20th, 2008 at 11:32 am TruCast Engagement Manager where he reviews “Smaller engines using a Turbo “Christe. You may be interested analysis of all conversations can generate impressive to note that you are the first GM and crafts response he horsepower gains, but still lack employee to ever do so. posts through platform back the low rpm torque needed to get Congratulations! Thank you for to TTAC. TruCast a heavier vehicle moving. As a engaging in this online automatically starts result, a Turbo is best utilized on conversation. I’m extremely analyzing new comments small lightweight vehicles.” grateful …Let’s do this again.” Mid May 05/20/08 Late May Farago and others acknowledge GM participation and tone of conversation starts changing more Consumers continue favorably toward GM to challenge GM position positioning