The document discusses how social media data can be used by brands to understand customer sentiment, protect their reputation, and enhance customer relationships. It details a partnership between Barclays and Market IQ, a social media analytics company, to build predictive models from social data. Through their collaboration, Barclays and Market IQ developed dashboards to forecast the impact of outages, measure real-time customer perceptions through a Social Net Promoter Score, and quantify a brand's effectiveness at resolving customer complaints on social media through a metric called "S-Delta". The partnership demonstrates how social data and analytics can help brands become more proactive, understand customer needs, and strengthen customer trust.
How can a business strategically use all the social tools for business purposes? It takes a sound strategy followed by execution by experienced resources that understand the art and science of social media.
The Future of Manufacturing report, developed in partnership with Microsoft, presents multiple opportunities for manufacturers to integrate cutting-edge technologies to reinvent their supply chains—from raw materials acquisition to the store aisle.
Download the full report at bit.ly/2tm3srY
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Mobile presents a major challenge to marketers: how to recognize and reach audiences programmatically, at scale, with support for sophisticated targeting and measruemtn models- whie still adhereding to consumer privacy best practices. This paper describes how mobile RTB - enabled by a new approach to device identification - meet this challenge.
Fantastic whitepaper detailing the key takeaways from the Bazaarvoice Summit a few months ago - "changing the world, one authentic conversation at a time"
How can a business strategically use all the social tools for business purposes? It takes a sound strategy followed by execution by experienced resources that understand the art and science of social media.
The Future of Manufacturing report, developed in partnership with Microsoft, presents multiple opportunities for manufacturers to integrate cutting-edge technologies to reinvent their supply chains—from raw materials acquisition to the store aisle.
Download the full report at bit.ly/2tm3srY
Future Of Advertising Webinar Full DeckTroy Centazzo
The Program – New Media specialist Troy Centazzo reviewed the rapid trends in marketing and provided strategic insights into where marketers and investors should be focusing their attention. Attended by hundreds of media industry investors, companies, strategic firms, analysts, and others.
When Device Recognitio an Programmatic Buying IntersectAdTruth
Mobile presents a major challenge to marketers: how to recognize and reach audiences programmatically, at scale, with support for sophisticated targeting and measruemtn models- whie still adhereding to consumer privacy best practices. This paper describes how mobile RTB - enabled by a new approach to device identification - meet this challenge.
Fantastic whitepaper detailing the key takeaways from the Bazaarvoice Summit a few months ago - "changing the world, one authentic conversation at a time"
Free download at: http://vint.sogeti.com/downloads/
In the past few years, information technology has become increasingly personal and social and has made its presence very much felt. The emergence of wearable computing and other forms of empathic ‘things’ seems a logical further step: even more intimate, more human-oriented, and ubiquitous. There are more and more devices that count our steps, take our blood pressure or measure the indoor temperature, track our location or conversations.
We are witnessing a computer boom in terms of kinds, shapes and sizes – around, on or inside the body – that behave increasingly smart and link up more and more intuitively with man’s extremely personal and natural interface.
In the next decade Personal Computing will become really personal: inside, on and around the person with attention for the context of the individual. In this study we explore this development and present seven manifestations that can define the impact on business, such as the ‘quantified employee’ and the ‘body as the new password’
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Innovators recognize that every interaction with every
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enables them to understand, and subsequently monetize,
relationships in ways never before possible.
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We have entered an era where people, businesses and social organizations are beginning to understand the profound impacts awareness, collaboration, and intelligence will bring. In the not too distant future, hundreds of millions, then billions, of individuals and businesses, with billions, then trillions, of smart, communicating devices, will stretch the boundaries of today’s business and social systems and create the potential to change the way we work, learn, entertain and innovate.
There are five things I usually hear when talking to clients about social media and marketing. These are only 5 of 10 myths. I'll release a part II in the coming months.
There is no escaping the "bring your own device" trend, but organizations need to chart a middle path to strike a balance between employee freedom and corporate control over technology.
http://www.hcltech.com/ -
As CIOs and business leaders try to create a modern infrastructure that can support today’s challenging IT environment, they may find themselves taking wrong turns or pursuing approaches that lead to dead ends. Here’s a technology roadmap for 2012 — one that highlights useful landmarks and identifies areas to steer clear of – that you can refer to as you explore today’s challenging IT environment. Read Now.
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2008 annual report for Absolute Software Corporation (TSX: ABT), the leader in computer theft recovery, data protection and secure IT asset management solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace software is embedded in the firmware of computers by global leaders, including Acer, ASUS, Dell, Fujitsu, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software and Computrace, visit www.absolute.com and http://www.absolute.com/blog.
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Free download at: http://vint.sogeti.com/downloads/
In the past few years, information technology has become increasingly personal and social and has made its presence very much felt. The emergence of wearable computing and other forms of empathic ‘things’ seems a logical further step: even more intimate, more human-oriented, and ubiquitous. There are more and more devices that count our steps, take our blood pressure or measure the indoor temperature, track our location or conversations.
We are witnessing a computer boom in terms of kinds, shapes and sizes – around, on or inside the body – that behave increasingly smart and link up more and more intuitively with man’s extremely personal and natural interface.
In the next decade Personal Computing will become really personal: inside, on and around the person with attention for the context of the individual. In this study we explore this development and present seven manifestations that can define the impact on business, such as the ‘quantified employee’ and the ‘body as the new password’
Powered by AI: Communications and Marketing in the Algorithm AgeMSL
MSL partnered with research firm Toluna to survey 1,846 marketing and communications leaders from Brazil, China, France, Germany, India, Italy, Poland, UK and US. We partnered with our colleagues at sister agency Publicis.Sapient who are experts in counselling companies and brands on the AI revolution.
Mastering Code Halos Using Digital Insights to Drive Customer ExperiencesCognizant
Innovators recognize that every interaction with every
person and every thing now creates a trail of data — and
they’ve mastered the ability to harness it. Every click, browse,
download, share, transaction and device transmission
enables them to understand, and subsequently monetize,
relationships in ways never before possible.
Harbor Research - The Internet of Things Meets the Internet of PeopleHarbor Research
We have entered an era where people, businesses and social organizations are beginning to understand the profound impacts awareness, collaboration, and intelligence will bring. In the not too distant future, hundreds of millions, then billions, of individuals and businesses, with billions, then trillions, of smart, communicating devices, will stretch the boundaries of today’s business and social systems and create the potential to change the way we work, learn, entertain and innovate.
There are five things I usually hear when talking to clients about social media and marketing. These are only 5 of 10 myths. I'll release a part II in the coming months.
There is no escaping the "bring your own device" trend, but organizations need to chart a middle path to strike a balance between employee freedom and corporate control over technology.
http://www.hcltech.com/ -
As CIOs and business leaders try to create a modern infrastructure that can support today’s challenging IT environment, they may find themselves taking wrong turns or pursuing approaches that lead to dead ends. Here’s a technology roadmap for 2012 — one that highlights useful landmarks and identifies areas to steer clear of – that you can refer to as you explore today’s challenging IT environment. Read Now.
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2008 annual report for Absolute Software Corporation (TSX: ABT), the leader in computer theft recovery, data protection and secure IT asset management solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace software is embedded in the firmware of computers by global leaders, including Acer, ASUS, Dell, Fujitsu, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software and Computrace, visit www.absolute.com and http://www.absolute.com/blog.
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2. 3 / thinkrise.com2 / thinkrise.com
Nandu Govindankutty
Customer Engagement
Director, Barclays
Oliver Stevenson
Community &
Communications
Manager, Barclays
Adil Kalwani
Head of Business
Development,
Market IQ
Fahad Kamr
CEO, Market IQ
Steve Phillips
VP Social Media,
Barclays
Chris Sanders
Data Propositions
Manager, Barclays
3. 5 / thinkrise.com5 / thinkrise.com
Social Media Data:
The world’s real time focus group
4 / thinkrise.com
A few years ago the process
of making and handling a
complaint by customers was
a very private affair via letter,
phone and latterly, email. The
only people who knew about a
complaint were the customer
and the company.
Today everyone is a
broadcaster. The advent of
social media means there is a
critical mass of unprovoked
opinion by customers on
services offered by brands, all
willing to share their thoughts
in a public way on how they
view a product or service. This
culture has developed rapidly
over recent years to produce
‘social influencers’, experts
in their field who have built
a huge following, but more
importantly whose opinions
count exponentially as they
can influence the decisions of a
significant number of others.
The place of social influencers
in this new landscape is
illustrated by the ‘Magic Middle’
principle (noted by PeerIndex).
Taking the entire community as
a triangle, with the top 1% as the
famous, then 9% are experts
in a specific area with a large
engagement and the bottom
90% as consumers and sharers
of content (i.e. the rest of us
who enable these influencers
to flourish by sharing). It has
become important for brands
to influence these influencers
themselves in order to protect
and enhance their reputation.
The empowerment of the
customer means that brands
have to not only take notice of
what is being said about them,
they are now in the realm of
ensuring their reputation is
protected by being better at
customer service on social
media. Conversely they
have access to a huge new
area of data insights into
both themselves and their
competitors.
90% - Us
9%
1%
Magic
Middle
Celebrities
4. 7 / thinkrise.com7 / thinkrise.com
Harnessing the power of social data -
You need science
Social Media Data as an early warning indicator
for brands
From reactive to proactive
6 / thinkrise.com
Data from social media is
unstructured, i.e. real-time
conversations about a brand
mostly posted spontaneously
and, at times, featuring emotive
language. We are at a point
where the sheer volume of data
from social networks makes it
necessary to use automated
analytical technology to sift
through it in order to truly
understand what is being said
and make better reactive,
and even proactive, decisions
from the insights that are more
informed and better serve the
customer.
Over the last few years, banks
and other industries such as
telecommunications have
come under the spotlight over
their systems resilience, where
customers’ lives have been
disrupted following a technical
outage and reputational
damage has been compounded
by customers broadcasting
their displeasure for days and
This new culture has given
rise to the need for brands to
be more proactive and open
in their remedial approach to
customers. Internal systems
and processes have come
This technology now exists
and is becoming smarter all the
time, moving into areas such as
real-time Artificial Intelligence,
Neural Network processes
and algorithms generating not
just the data, but automated,
actionable insights.
weeks. This has been followed
by mainstream media picking
up the story to further amplify
the negativity around a brand.
Resilience is a core component
of the trust a customer has
with a brand and its reputation
depends on it.
under further examination to
be more robust in terms of the
need to release information
to the public on technical
problems quickly and reduce
speculation and reputational
risk.
To do this effectively, we need
to further understand what
resilience really means and
customer sentiment from the
social data that we analyse
to react quicker and more
effectively. However the speed
of reaction may always be seen
as slow in a 24 hour ‘always on’
society and the need to head
potential issues off ‘at the pass’
by predicting outcomes using
data is now also becoming a
necessity.
5. 9 / thinkrise.com
Journey of MarketIQ and Rise,
in partnership with Barclays.
Enter Market IQ: Leveraging Big Data to deepen
customer relationships.
8 / thinkrise.com
As an organisation with a
history in technological firsts,
Barclays is excited by the
transformations currently taking
place in finance, technology
and business.
Where product innovations
and industry developments
were once born of corporations
and institutions, many
are now being created by
entrepreneurial individuals
around the world who are
working with greater agility
and disruption. In order to
work with these entrepreneurs
in a mutually beneficial way,
Barclays established Rise.
Rise delivers numerous
programmes, such as the world-
leading Barclays Accelerator,
which bring start-ups and
corporates together to solve
some of the biggest challenges
facing the financial industry.
These programmes foster
long-term mutually beneficial
relationships, designed to
scale early prototypes and
new business models into live
products and services.
Examples of start-ups that have
engaged with Barclays through
Rise include Squirrel, winners of
Pitch@Palace 2014, Everledger,
winner of BBVA’s European
Open Talent Competition and
We collaborated with Market
IQ, a big data analytics
company, to innovate on
predictive solutions to better
serve our customers.
Market IQ consumes data
from the social universe,
monitoring millions of data
points in real-time to get a deep
understanding of customer
intent, preferences, interests,
complaints and desires to build
out the Barclays Interest Graph.
the first blockchain start-up
to win a ‘Meffy’ at the MEF
awards, and Wayerz, who won
the FinTech category at the
Shengjing Global Innovation
Awards.
By collaborating with Barclays,
our start-ups receive advice
and mentorship from some
of the world’s leading experts
in financial services, as well
having access to a new global
customer. In return, Barclays
is able to collaborate with the
disruptive minds changing the
landscape of financial services,
in order to build new products
and services that better meet
the needs of its customers.
One of the teams with which
Barclays developed a long-term
partnership through Rise was
Market IQ, a participant in the
first ever cohort of the Barclays
Accelerator in London.
Using its patented Natural
Language Processing
algorithms and Artificial
Intelligence framework, Market
IQ constructed the Interest
Graph by triangulating the
Influencer Graph, Content
Graph, and Social Graph.
1. Influencer Graph: Builds
connections between
Influencers, customers, and
brand + products.
2. Content Graph: Quantifies
customer intent, preferences,
interests, complaints and
desires using Natural Language
Processing algorithms.
3. Social Graph: Maps the
strength of relationship
between brand, customers, and
potential customers.
Using Market IQ’s Artificial
Intelligence framework,
we were able to embark on
complex solutions to better
understand our customer’s
needs and our competitive
landscape.
6. 11 / thinkrise.com
Innovations: Using social to protect and enhance
the brand
10 / thinkrise.com
Fahad Kamr, CEO of MarketIQ
and Barclays built a partnership
using the creation of an agile
lab to experiment on various
use cases in the field of social
data analysis.
The brief was to fulfill three
ambitions:
1. How do we drive giving
more power to our customers
and make sure they are heard?
2. How can we manage
outages and potential
technical issues more
effectively?
3. How can we better
understand how our
customers perceive us on a
real time basis and benchmark
against competition?
Out of several experiments two
emerged as the most popular:
1. Forecasting Impact
A predictive dashboard capable
of forecasting the impact
of outages of any Barclays
physical assets as well as the
real time impact on customers.
This meant we were truly
enabling customers to define
the severity of these outages.
This supported the effective
work our engineering team
carried out in ensuring that
customers experienced minimal
impact during outages if it was
ever to occur.
Using Market IQ’s Cognitive
Intelligence platform, we were
able to:
• Classify global social media
data into relevant categories
(or services), to effectively
recognize which services are
being discussed and which
areas of the business were
being impacted.
• Filter through the noise to
efficiently react to high-priority
user conversations.
• Predict crisis brewing within
the social media world, to
proactively mitigate potential
reputational and economic
damage.
2. Social Media NPS
One of the most powerful
customer metrics in the last 20
years has been introduction
of the Net Promoter Score®
by Bain and Company, a
measurement of customer
sentiment towards a brand
now widely used across
industries and sectors in which
a customer is asked how much
they would recommend a
company to those around them
on a scale of 0 to 10.
In collaboration with Market
IQ, we developed a Social Net
Promoter Score platform to
better understand consumer
perception at the brand and
transaction level. The SNPS
quantification was unique as
unlike conventional NPS, it
captured real time sentiment
from real conversations versus
a controlled focus group.
Additionally, the SNPS platform
allows us to understand how
consumers perceive our brand
versus our competitors and
real-time customer feedback
on new products introduced by
our competitors.
The Market IQ / Barclays Incident Social Media & SNPS Dashboards
Actual figures have been removed for copyright and confidentiality reasons
7. 13 / thinkrise.com13 / thinkrise.com
The future is measuring a change of mind
12 / thinkrise.com
There are amazing
opportunities in leveraging
social media data and the
power of analytics, for the
benefit of both the customer
and the brand to strengthen the
relationship and trust between
the two. One burgeoning area
is in customer service and the
conversion of detractors to
advocates of a brand.
It is important to note at this
point that social data, despite
being in the public domain,
is still personal data, with the
onus on stewardship for brands
to ensure the trust with the
customer remains strong by
using the data with care.
Using “S Delta”, we quantified
how effective a company is at
managing a customer complaint
or query. There is a perceived
notion that many customers
using social media in this area
can be primarily negative when
conversing with a brand, and
less given to praise. This can
alter perception of the severity
of an event and should be
weighed against other survey
methods.
Today there is a critical mass
of customers using social
networking and must be heard
for any brand to be (and be
seen to be) effective.
1. A customer
tweets their
frustration with a
brand but do not
hear a response and
are unhappy
2. A customer
tweets and gets
a response from
the brand which is
inadequate and are
still unhappy
3. The final
scenario is when
the customer gets
a favourable and
adequate response
and publicly thanks
and change their
perception of the
brand
There are three main scenarios
for when a customer directs
their posts at a brand using
social media;
The third scenario is the
genesis of ‘S-Delta’, the
objective quantification and
measurement of the lifetime
of a tweet. The value in
S-Delta is when you compare
that real time data with your
competitors. It gives a true
reflection of how good your
service teams are and how
much you really care for your
customers against competition.
Today, we can embark on
amazing opportunities by
partnering with innovative
companies like
Market IQ, who are helping
banks revolutionize the financial
services landscape.