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Embracing the Power of Social Media
for Broadcast Business Insight
Media and entertainment companies can maximize their programming
content by integrating a broadcasting-focused, organization-wide
intelligence program with consistent use of social measurement and
analysis tools across functional silos.
Executive Summary
Broadcasters are using social media to innova-
tively enhance consumer engagement, traditional
marketing campaigns and promotions. However,
their approaches to social media are often siloed
and narrowly focused, limiting the value that this
new communication and engagement model can
provide. By listening to, analyzing and integrating
findings from social media on an enterprise-wide
level, broadcasters can ultimately improve their
reach and engagement levels with their content
audience.
This white paper highlights how broadcasters can
maximize the value of their social media programs.
In addition, it provides a high-level framework for
establishing a social media analytics program
to drive the value obtained from social data
throughout the organization.
Trailblazers in Social Media
Of all the broadcast industry participants,
television is the most active in its use of social
applications such as Twitter.1
This comes as no
surprise, given that the entertainment industry
lends itself to pop culture and social conversa-
tions. But while many in the industry have used
social channels for the past several years to
market content, this is not to say that television
has perfected its social media use. In fact, the rise
in social media’s popularity has given a substan-
tial boost to other players in the value chain, insti-
gating a flood of new issues for the broadcasting
industry.
Talent
The talent component of the broadcast industry
seems to have benefited most from social media.
As social media prominence has risen over the
past decade, actors, athletes and musicians
have been quick to establish social networking
accounts, realizing the potential benefits of
directly engaging with fans.
Having found early success using social media,
celebrities continue to utilize it as a means of
creating, building and dictating the direction of
their own careers. Social media has enabled them
to add value to their personal brands by building
large networks of fans and followers, take control
of their image and reduce reliance on studios and
production companies for promotion. According
to a recent Knowledge@Wharton article, “The
rise of the Internet has accentuated the value of
cognizant 20-20 insights | april 2013
• Cognizant 20-20 Insights
cognizant 20-20 insights 2
celebrity endorsements. Celebrities — for better
or for worse — do get our attention.”2
Along with
Twitter and Facebook, niche applications such as
Instagram and Whosay are growing in popularity
for celebrity communication and engagement.
In fact, conventional metrics reveal that talent is
leading the media and entertainment brands with
which they are connected in terms of followers and
fan counts. A sample of Twitter follower counts in
Figure 1 reveals a disparity of millions of followers
for Lady Gaga, Cristiano Ronaldo and Oprah
Winfrey compared with the most popular enter-
tainment organizations on the social network.
This disparity in social clout not only increases
celebrities’ endorsement power with brands,
but it also provides them with more negotiating
leverage when being hired by broadcasters.
Broadcasters
Social media has transformed traditional broad-
casting norms. New technology and increasingly
powerful mobile devices have allowed networks
to break down the so-called “fourth wall” and
connect audiences with programming like never
before. Broadcasters are using this technology
to create a “second screen,” extending program
content to screens alongside the primary
television view.
Reality competition shows such as American
Idol and Dancing with the Stars take advantage
of these new capabilities, integrating fan voting,
audience polling and show topic hashtags into
programming (see Figure 2).
Recent technological breakthroughs in broad-
band-delivered programming on personal
computers and “smart” TVs are opening up a
world of possibilities in screen-clickable social
interactions and cross-promotions.
Broadcasters are also leveraging social networks
to deliver new types of content and interact with
viewers beyond the program. For example, fans of
The Simpsons can go to Fox’s Facebook page to see
more photos and commentary and interact with
other fans. Fans of HBO’s Game of Thrones can
visit the show’s Wikia page to contribute additional
details and insights about the show. In fact, many
of these communities are created and managed by
“super fans,” which make rules, correct false infor-
mation and promote show events. The social media
platform allows fans to directly help promote and
encourage the growth of the audience base.
Twitter followers (in millions)
Music
Justin Bieber: 36.9
Lady Gaga: 35.6
MTV: 7.4
Sports
Cristiano Ronaldo: 17.2
LeBron James: 7.8
ESPN: 6.2
TV
Oprah: 17.7
Ashton Kutcher: 14.1
CBS: 0.11
Source: socialbakers.com
Figure 1
Celebrities Tweeting Broadcasters to the Punch
Talent dwarfs entertainment companies in follower count
Source: fox.com3
Figure 2
The New Social Reality
Reality TV shows rely heavily on social media to
drive content and ratings.
cognizant 20-20 insights 3
Gaps and Challenges
While marketers in media and entertainment have
improved by leaps and bounds in harnessing social
media to promote content, many are missing the
true benefit of the social Web. Marketers continue
to build social profiles, with a narrow focus on
gaining likes and followers. Some are even finding
success in driving traffic to online content, digital
libraries and traditional broadcast programming.
The hurdles we often see is that they take a
siloed approach, use disparate tools and struggle
with understanding which social data to sift and
analyze to generate greater business insight.
In addition, marketers still rely on traditional
forms of measurement. Budgets continue to
be devoted to focus groups, pre-screenings and
workshops to test content and messages on indi-
viduals. This creates a disjointed approach to
marketing. On the one hand, marketers are using
state-of-the-market tools such as Radian6 (now
Salesforce Marketing Cloud) or Crimson Hexagon
and building marketing campaigns and publishing
promotions in near-real-time using social media
promotion tools such as HootSuite. On the other
hand, they are still applying physical forms of
measurement and key performance indicators
(KPI). Many organizations don’t realize they can
now filter through the ever-increasing “noise”
generated from expanding numbers of users in
social media channels, gather messages from
fans and customers promoted through social
media, and take action on those messages.
Marketing departments continue to use social
tools for promotion, but this is not enough. They
must create and then meet business-critical KPIs
for gathering and thoroughly applying meaningful
business insights and intelligence based on social
data. This takes an organizational commitment to
social tools that are already being used inside the
organization. Additionally, they need to apply a
rigorous framework for applying data defined by
these tools and do so with an eye toward effective
data governance, maintenance and storage.
The Potential of Social Media
Data in Broadcasting
The true power of social media is in the infor-
mation it provides. Millions of users, generating
thousands of messages every minute, freely give
away valuable insights in public forums. They
reveal to marketers all the relevant details of their
media consumption habits and opinions. Once
social data is combined with an internal strategy
criteria and traditional performance metrics (e.g.,
Nielsen ratings, subscriptions, ad revenue, etc.),
rich insights can be gleaned that
can inform powerful business
decisions.
Broadcasters are always looking
for a competitive edge when it
comes to their programming
and marketing. Actionable,
insightful data is a great way to
achieve this. Here is a sample
list of relevant insights into the
TV business that can be gained
from social data:
•	Deep and ever timelier
insights into what people like
or do not like about content.
•	Viewership behavior and
sentiment, week-over-week
or by season.
•	Response to promotional
campaign events.
•	Social sentiment based on demographics,
segmented by demographic market area.
•	Validation of sentiment for syndicated
products for use in sales and bundling.
•	Precision viewership predictions driven by
the social buzz that precedes the airing of a
program.
•	Greater confidence in predicting award winners.
•	Better understanding of key influencers and
buzz generators.
•	Faster awareness of trends, events and emer-
gencies.
•	More precise targeting of promotional
messages.
•	Targeting of sponsors and cross-promotion
partners.
All of these insights can be gleaned through social
data right now. But how do organizations begin to
approach this opportunity and find the valuable
nuggets of data being touted? Fundamental
to the discovery is an integrated framework of
social strategy, tools and processes, along with
keen analysts who understand the business and
the metrics that need to be defined. Further,
the framework is useless if organizations do not
heavily embed the mindset of mapping social
metrics to specific business goals in their overall
social analytics strategy.
Many organizations
don’t realize they can
now filter through
the ever-increasing
“noise” generated
from expanding
numbers of users in
social media channels,
gather messages from
fans and customers
promoted through
social media, and
take action on those
messages.
cognizant 20-20 insights 4
Harnessing Social Data to
Build Actionable Insight
According to a recent study by McKinsey & Co.,
social technologies can potentially unlock billions,
if not trillions, of dollars in value to organizations
across industries.4
A large portion of that value is
thought to be created through
deeper customer insights,
resulting from better products
and services achieved through
better market intelligence.
Another area where social
technologies are projected to
unlock value is in improved
communication and collabora-
tion opportunities. What this
means for media and entertain-
ment companies is that they
can impact marketing and the
production value chain through
the ability to listen, understand
and act appropriately on social data. Broadcast-
ers can use this data to improve content, engage
customers and optimize operational efficiencies.
A social analytics program consisting of listening,
refining, workflow and strategic elements must be
implemented to effectively realize this potential.
The following describes, at a high level, how media
and entertainment organizations can implement
a social analytics program using these elements.
Listening
The most fundamental and important step in
analyzing social media data is listening. This is
the component of the social media analytics
workflow where data feeds from various platforms
(e.g., the Twitter firehose, Facebook’s Graph API,
Pinterest Web Analytics) provide access to all of
the “chatter” available on the social Web. However,
data pulled from social media applications is either
unstructured or less structured than traditional
data pulled from common marketing data sources,
such as Nielsen, focus groups and other research
output stored commonly in relationship databases.
A large majority of the social “chatter” typically
does not come in usable formats; it needs to be
refined in order to be used effectively. Solutions
have emerged to address this issue. For example:
•	Crimson Hexagon’s social listening tool comes
with an algorithm that users can train over time
to structure social data into a more useful form.
•	Salesforce Marketing Cloud allows users to edit
searches to seek out (or omit) key phrases for
more refined listening.
•	Sentiment analysis companies such as
Fizziology offer services to monitor the entire
industry, using historical comparative and
non-social benchmarks to discover unknowns.
There are at least a dozen solutions attempting
to bring meaning to social data. While no one
solution dominates the market, ever-increasing
competition is a sign of the value that organiza-
tions place on the ability to effectively listen to
customers via social media. In fact, even tradi-
tional market research companies are jumping
in, as evidenced by the recent Nielsen acquisition
of SocialGuide.5
With this acquisition, the tradi-
tional measurement giant can combine its propri-
etary ratings system in television with the social
capabilities of SocialGuide to gain an advantage
in linear television measurement. This will allow
Nielsen to provide “listening” services on multiple
fronts. More combinations of traditional media
and social media pairings are sure to follow.
Refining
The refining of data is a critical function of a
social media analytics program. Here is where
all of the data acquired from a social listening
program (Tweets, posts, etc.) is organized into a
structured, usable and insightful format. Refining
data for an entire social media listening program
requires the right people, processes and technol-
ogies to manage the complexity of transforming
the data into meaningful insights.
The data deluge of today’s social media industry
exceeds an organization’s abilities to handle it
manually. Take, for instance, the reality competi-
tion program The X-Factor. The season premiere
garnered 1.4 million comments, peaking at 13.374
comments per minute.6
That is simply too much
data for the typical group of marketing analysts
using Twitter accounts to process. The refinement
exercise must be automated, process-driven and
woven into a robust strategy, replete with appro-
priate tools. Otherwise, thousands, if not millions,
of comments and opportunities will be missed.
The list of vendors providing social media analysis
tools is expansive. In addition to Salesforce,
Crimson Hexagon, Bluefin Labs and Fizziology,
other vendors have successfully marketed their
social listening products to large organizations,
as well, such as Attensity, Lithium and Jive
Software. There are also smaller vendors building
targeted products for media and entertainment
companies, as well as companies building niche
products for one component of the social media
analytics workflow. Almost all of these tech-
The key is aligning
the analysis tool with
the organization’s
social data goals and
ensuring that the
reporting capabilities,
data and analysis
can be seamlessly
integrated into
the workflow.
5cognizant 20-20 insights
nologies can provide some value, but the key is
aligning the analysis tool with the organization’s
social data goals and ensuring that the reporting
capabilities, data and analysis can be seamlessly
integrated into the workflow.
Workflow and Integration
As important and technically challenging as
refining social data is, it can be equally challeng-
ing to build a workflow. Different APIs, schemas
and formats cause integration challenges, and
the siloed structure of media companies can
trap data within single departments, when this
data could provide value to other areas of the
organization. Here is where refined data is made
valuable:
•	If a tweet is analyzed about an actor’s per-
formance, a process should be in place to relay
the detail to the production team.
•	If a post mentions the difficulty of down-
loading a digital copy of an episode, it should
be forwarded to a customer service rep in the
appropriate department.
•	If a report is produced on volume and
sentiment trends for a series, it needs to
be available and communicated to marketing
teams, executives, production teams and all
relevant stakeholders within the organization.
The value created through the increased efficien-
cies of integrating social intelligence into the
current business process is potentially enormous.
Given the examples above, a production team can
work with an actor to adjust his or her delivery.
This could potentially re-engage viewers and
prevent those eyeballs from moving to a new
show. The difficulty in downloading the digital
copy could immediately be resolved by the
customer service team, saving a sale and even
future sales by forwarding bugs/fixes to the
technical team. Reports on trends could auto-
matically route to stakeholders, increasing trans-
parency and allowing more time for respective
groups to anticipate and adjust.
An effective workflow can create value in almost
every department of an organization. There
is opportunity for all of the aforementioned
examples to become a reality, but it will take hard
work and a concerted effort, from the top, down.
Strategy
The main problem with social media programs is
their lack of a comprehensive strategy. Individual
departments within an organization are devising
social strategies to benefit particular business
units, including programming, research, ad sales,
creative and sales, all over the organizational map.
For example, a marketing department might
create its own Facebook page and Twitter account
to promote a show. Across the lot, the production
team creates its own hashtag to interact with
the show in real time.
Meanwhile, the research
department is looking for
its own tool to gauge the
social buzz about this
season’s lineup. All of this
is happening in isolation,
when the activities could
be optimized with a bit of
planning and coordination.
To maximize the benefits of social media, a
standalone social strategy is not the answer. A
sustainable framework will incorporate social
data in all elements of the business strategy
and plan, coordinated across the enterprise for
optimal sharing and integration, to create better
informed business insights. This strategy must
be fully supported by an engaged executive
team and typically needs to be enforced by a
group tasked with the specific goal of breaking
down these silos in order to unlock the value of
social data across the organization. To achieve a
return on investment, goals must be connected to
specific metrics, and a process must be developed
to continually report on specific outcomes and
refine practices appropriately.
Looking Ahead
The broadcast industry is becoming increas-
ingly competitive, and the lines of demarcation
are blurring. As the business model in the enter-
tainment space continues to shift toward Web-
delivered content, televisions will get “smarter,”
delivery channels will grow, and applications will
continue to become more “social.” In fact, the
rise of “over-the-top” television (OTT) and “TV
anywhere” delivery will surely promote even
further integration with social networks and
provide more granular data about consumption
to be revealed via social media. This increased
competition and complexity creates ever more
reason to capture intelligence and extract full
value from established programs.
Social measurement and analysis must become
a block in the foundation of any intelligence
program. When performed correctly, social
media analytics can unlock the value content,
As important and
technically challenging
as refining social data
is, it can be equally
challenging to build a
workflow.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process out-
sourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in
Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry
and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50
delivery centers worldwide and approximately 156,700 employees as of December 31, 2012, Cognizant is a member of
the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing
and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
World Headquarters
500 Frank W. Burr Blvd.
Teaneck, NJ 07666 USA
Phone: +1 201 801 0233
Fax: +1 201 801 0243
Toll Free: +1 888 937 3277
Email: inquiry@cognizant.com
European Headquarters
1 Kingdom Street
Paddington Central
London W2 6BD
Phone: +44 (0) 20 7297 7600
Fax: +44 (0) 20 7121 0102
Email: infouk@cognizant.com
India Operations Headquarters
#5/535, Old Mahabalipuram Road
Okkiyam Pettai, Thoraipakkam
Chennai, 600 096 India
Phone: +91 (0) 44 4209 6000
Fax: +91 (0) 44 4209 6060
Email: inquiryindia@cognizant.com
­­© Copyright 2013, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any
means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is
subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.
About the Author
J.P. Benedict is a Consultant in Cognizant Business Consulting’s Media and Entertainment Practice. He
has worked in IT business process consulting since 2009 and specializes in social media analytics, digital
security and digital asset management. J.P. has an M.B.A. from the University of Arizona. He can be
reached at James.Benedict@cognizant.com.
Footnotes
1	
“Netprospex Social Businesss Report,” Netprospex, Summer 2011,
http://www.netprospex.com/np/system/files/NetProspex_SocialBusinessReport_Summer2011.pdf.
2	
“The Hazards of Celebrity Endorsements in the Age of Twitter,” Knowledge@Wharton, Feb. 27, 2013,
http://knowledge.wharton.upenn.edu/article.cfm?articleid=3191.
3	
Fox American Idol App, 2013, http://fox.com.
4	
Michael Chui, James Manyika, Jacques Bughin, Richard Dobbs, Charles Roxburgh, Hugo Sarrazin, Geoffrey
Sands and Magdalena Westergren, “The Social Economy: Unlocking Value and Productivity Through Social
Technologies,” McKinsey & Co., July 2012.
5	
”Nielsen, NM Incite Acquire SocialGuide,” press release, Nov. 12, 2012,
http://nmincite.com/wp-content/uploads/2012/11/Nielsen-NM-Incite-Acquire-SocialGuide-Press-Release-
FINAL.pdf.
6	
“The Britney Effect on The X-Factor,” Bluefin Labs, Oct. 3, 2012,
https://bluefinlabs.com/blog/2012/10/03/the-britney-effect-on-the-x-factor/.
allowing the organization to better engage the
fan base, optimize marketing and ultimately
increase profits and ratings. The information is
out there, it’s publicly available, and it’s ready to
be used. The companies that build comprehensive
analytical programs around it will be rewarded.
The companies that continue with traditional
business models for analysis and measurement
will be left behind.

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Embracing the Power of Social Media for Broadcast Business Insight

  • 1. Embracing the Power of Social Media for Broadcast Business Insight Media and entertainment companies can maximize their programming content by integrating a broadcasting-focused, organization-wide intelligence program with consistent use of social measurement and analysis tools across functional silos. Executive Summary Broadcasters are using social media to innova- tively enhance consumer engagement, traditional marketing campaigns and promotions. However, their approaches to social media are often siloed and narrowly focused, limiting the value that this new communication and engagement model can provide. By listening to, analyzing and integrating findings from social media on an enterprise-wide level, broadcasters can ultimately improve their reach and engagement levels with their content audience. This white paper highlights how broadcasters can maximize the value of their social media programs. In addition, it provides a high-level framework for establishing a social media analytics program to drive the value obtained from social data throughout the organization. Trailblazers in Social Media Of all the broadcast industry participants, television is the most active in its use of social applications such as Twitter.1 This comes as no surprise, given that the entertainment industry lends itself to pop culture and social conversa- tions. But while many in the industry have used social channels for the past several years to market content, this is not to say that television has perfected its social media use. In fact, the rise in social media’s popularity has given a substan- tial boost to other players in the value chain, insti- gating a flood of new issues for the broadcasting industry. Talent The talent component of the broadcast industry seems to have benefited most from social media. As social media prominence has risen over the past decade, actors, athletes and musicians have been quick to establish social networking accounts, realizing the potential benefits of directly engaging with fans. Having found early success using social media, celebrities continue to utilize it as a means of creating, building and dictating the direction of their own careers. Social media has enabled them to add value to their personal brands by building large networks of fans and followers, take control of their image and reduce reliance on studios and production companies for promotion. According to a recent Knowledge@Wharton article, “The rise of the Internet has accentuated the value of cognizant 20-20 insights | april 2013 • Cognizant 20-20 Insights
  • 2. cognizant 20-20 insights 2 celebrity endorsements. Celebrities — for better or for worse — do get our attention.”2 Along with Twitter and Facebook, niche applications such as Instagram and Whosay are growing in popularity for celebrity communication and engagement. In fact, conventional metrics reveal that talent is leading the media and entertainment brands with which they are connected in terms of followers and fan counts. A sample of Twitter follower counts in Figure 1 reveals a disparity of millions of followers for Lady Gaga, Cristiano Ronaldo and Oprah Winfrey compared with the most popular enter- tainment organizations on the social network. This disparity in social clout not only increases celebrities’ endorsement power with brands, but it also provides them with more negotiating leverage when being hired by broadcasters. Broadcasters Social media has transformed traditional broad- casting norms. New technology and increasingly powerful mobile devices have allowed networks to break down the so-called “fourth wall” and connect audiences with programming like never before. Broadcasters are using this technology to create a “second screen,” extending program content to screens alongside the primary television view. Reality competition shows such as American Idol and Dancing with the Stars take advantage of these new capabilities, integrating fan voting, audience polling and show topic hashtags into programming (see Figure 2). Recent technological breakthroughs in broad- band-delivered programming on personal computers and “smart” TVs are opening up a world of possibilities in screen-clickable social interactions and cross-promotions. Broadcasters are also leveraging social networks to deliver new types of content and interact with viewers beyond the program. For example, fans of The Simpsons can go to Fox’s Facebook page to see more photos and commentary and interact with other fans. Fans of HBO’s Game of Thrones can visit the show’s Wikia page to contribute additional details and insights about the show. In fact, many of these communities are created and managed by “super fans,” which make rules, correct false infor- mation and promote show events. The social media platform allows fans to directly help promote and encourage the growth of the audience base. Twitter followers (in millions) Music Justin Bieber: 36.9 Lady Gaga: 35.6 MTV: 7.4 Sports Cristiano Ronaldo: 17.2 LeBron James: 7.8 ESPN: 6.2 TV Oprah: 17.7 Ashton Kutcher: 14.1 CBS: 0.11 Source: socialbakers.com Figure 1 Celebrities Tweeting Broadcasters to the Punch Talent dwarfs entertainment companies in follower count Source: fox.com3 Figure 2 The New Social Reality Reality TV shows rely heavily on social media to drive content and ratings.
  • 3. cognizant 20-20 insights 3 Gaps and Challenges While marketers in media and entertainment have improved by leaps and bounds in harnessing social media to promote content, many are missing the true benefit of the social Web. Marketers continue to build social profiles, with a narrow focus on gaining likes and followers. Some are even finding success in driving traffic to online content, digital libraries and traditional broadcast programming. The hurdles we often see is that they take a siloed approach, use disparate tools and struggle with understanding which social data to sift and analyze to generate greater business insight. In addition, marketers still rely on traditional forms of measurement. Budgets continue to be devoted to focus groups, pre-screenings and workshops to test content and messages on indi- viduals. This creates a disjointed approach to marketing. On the one hand, marketers are using state-of-the-market tools such as Radian6 (now Salesforce Marketing Cloud) or Crimson Hexagon and building marketing campaigns and publishing promotions in near-real-time using social media promotion tools such as HootSuite. On the other hand, they are still applying physical forms of measurement and key performance indicators (KPI). Many organizations don’t realize they can now filter through the ever-increasing “noise” generated from expanding numbers of users in social media channels, gather messages from fans and customers promoted through social media, and take action on those messages. Marketing departments continue to use social tools for promotion, but this is not enough. They must create and then meet business-critical KPIs for gathering and thoroughly applying meaningful business insights and intelligence based on social data. This takes an organizational commitment to social tools that are already being used inside the organization. Additionally, they need to apply a rigorous framework for applying data defined by these tools and do so with an eye toward effective data governance, maintenance and storage. The Potential of Social Media Data in Broadcasting The true power of social media is in the infor- mation it provides. Millions of users, generating thousands of messages every minute, freely give away valuable insights in public forums. They reveal to marketers all the relevant details of their media consumption habits and opinions. Once social data is combined with an internal strategy criteria and traditional performance metrics (e.g., Nielsen ratings, subscriptions, ad revenue, etc.), rich insights can be gleaned that can inform powerful business decisions. Broadcasters are always looking for a competitive edge when it comes to their programming and marketing. Actionable, insightful data is a great way to achieve this. Here is a sample list of relevant insights into the TV business that can be gained from social data: • Deep and ever timelier insights into what people like or do not like about content. • Viewership behavior and sentiment, week-over-week or by season. • Response to promotional campaign events. • Social sentiment based on demographics, segmented by demographic market area. • Validation of sentiment for syndicated products for use in sales and bundling. • Precision viewership predictions driven by the social buzz that precedes the airing of a program. • Greater confidence in predicting award winners. • Better understanding of key influencers and buzz generators. • Faster awareness of trends, events and emer- gencies. • More precise targeting of promotional messages. • Targeting of sponsors and cross-promotion partners. All of these insights can be gleaned through social data right now. But how do organizations begin to approach this opportunity and find the valuable nuggets of data being touted? Fundamental to the discovery is an integrated framework of social strategy, tools and processes, along with keen analysts who understand the business and the metrics that need to be defined. Further, the framework is useless if organizations do not heavily embed the mindset of mapping social metrics to specific business goals in their overall social analytics strategy. Many organizations don’t realize they can now filter through the ever-increasing “noise” generated from expanding numbers of users in social media channels, gather messages from fans and customers promoted through social media, and take action on those messages.
  • 4. cognizant 20-20 insights 4 Harnessing Social Data to Build Actionable Insight According to a recent study by McKinsey & Co., social technologies can potentially unlock billions, if not trillions, of dollars in value to organizations across industries.4 A large portion of that value is thought to be created through deeper customer insights, resulting from better products and services achieved through better market intelligence. Another area where social technologies are projected to unlock value is in improved communication and collabora- tion opportunities. What this means for media and entertain- ment companies is that they can impact marketing and the production value chain through the ability to listen, understand and act appropriately on social data. Broadcast- ers can use this data to improve content, engage customers and optimize operational efficiencies. A social analytics program consisting of listening, refining, workflow and strategic elements must be implemented to effectively realize this potential. The following describes, at a high level, how media and entertainment organizations can implement a social analytics program using these elements. Listening The most fundamental and important step in analyzing social media data is listening. This is the component of the social media analytics workflow where data feeds from various platforms (e.g., the Twitter firehose, Facebook’s Graph API, Pinterest Web Analytics) provide access to all of the “chatter” available on the social Web. However, data pulled from social media applications is either unstructured or less structured than traditional data pulled from common marketing data sources, such as Nielsen, focus groups and other research output stored commonly in relationship databases. A large majority of the social “chatter” typically does not come in usable formats; it needs to be refined in order to be used effectively. Solutions have emerged to address this issue. For example: • Crimson Hexagon’s social listening tool comes with an algorithm that users can train over time to structure social data into a more useful form. • Salesforce Marketing Cloud allows users to edit searches to seek out (or omit) key phrases for more refined listening. • Sentiment analysis companies such as Fizziology offer services to monitor the entire industry, using historical comparative and non-social benchmarks to discover unknowns. There are at least a dozen solutions attempting to bring meaning to social data. While no one solution dominates the market, ever-increasing competition is a sign of the value that organiza- tions place on the ability to effectively listen to customers via social media. In fact, even tradi- tional market research companies are jumping in, as evidenced by the recent Nielsen acquisition of SocialGuide.5 With this acquisition, the tradi- tional measurement giant can combine its propri- etary ratings system in television with the social capabilities of SocialGuide to gain an advantage in linear television measurement. This will allow Nielsen to provide “listening” services on multiple fronts. More combinations of traditional media and social media pairings are sure to follow. Refining The refining of data is a critical function of a social media analytics program. Here is where all of the data acquired from a social listening program (Tweets, posts, etc.) is organized into a structured, usable and insightful format. Refining data for an entire social media listening program requires the right people, processes and technol- ogies to manage the complexity of transforming the data into meaningful insights. The data deluge of today’s social media industry exceeds an organization’s abilities to handle it manually. Take, for instance, the reality competi- tion program The X-Factor. The season premiere garnered 1.4 million comments, peaking at 13.374 comments per minute.6 That is simply too much data for the typical group of marketing analysts using Twitter accounts to process. The refinement exercise must be automated, process-driven and woven into a robust strategy, replete with appro- priate tools. Otherwise, thousands, if not millions, of comments and opportunities will be missed. The list of vendors providing social media analysis tools is expansive. In addition to Salesforce, Crimson Hexagon, Bluefin Labs and Fizziology, other vendors have successfully marketed their social listening products to large organizations, as well, such as Attensity, Lithium and Jive Software. There are also smaller vendors building targeted products for media and entertainment companies, as well as companies building niche products for one component of the social media analytics workflow. Almost all of these tech- The key is aligning the analysis tool with the organization’s social data goals and ensuring that the reporting capabilities, data and analysis can be seamlessly integrated into the workflow.
  • 5. 5cognizant 20-20 insights nologies can provide some value, but the key is aligning the analysis tool with the organization’s social data goals and ensuring that the reporting capabilities, data and analysis can be seamlessly integrated into the workflow. Workflow and Integration As important and technically challenging as refining social data is, it can be equally challeng- ing to build a workflow. Different APIs, schemas and formats cause integration challenges, and the siloed structure of media companies can trap data within single departments, when this data could provide value to other areas of the organization. Here is where refined data is made valuable: • If a tweet is analyzed about an actor’s per- formance, a process should be in place to relay the detail to the production team. • If a post mentions the difficulty of down- loading a digital copy of an episode, it should be forwarded to a customer service rep in the appropriate department. • If a report is produced on volume and sentiment trends for a series, it needs to be available and communicated to marketing teams, executives, production teams and all relevant stakeholders within the organization. The value created through the increased efficien- cies of integrating social intelligence into the current business process is potentially enormous. Given the examples above, a production team can work with an actor to adjust his or her delivery. This could potentially re-engage viewers and prevent those eyeballs from moving to a new show. The difficulty in downloading the digital copy could immediately be resolved by the customer service team, saving a sale and even future sales by forwarding bugs/fixes to the technical team. Reports on trends could auto- matically route to stakeholders, increasing trans- parency and allowing more time for respective groups to anticipate and adjust. An effective workflow can create value in almost every department of an organization. There is opportunity for all of the aforementioned examples to become a reality, but it will take hard work and a concerted effort, from the top, down. Strategy The main problem with social media programs is their lack of a comprehensive strategy. Individual departments within an organization are devising social strategies to benefit particular business units, including programming, research, ad sales, creative and sales, all over the organizational map. For example, a marketing department might create its own Facebook page and Twitter account to promote a show. Across the lot, the production team creates its own hashtag to interact with the show in real time. Meanwhile, the research department is looking for its own tool to gauge the social buzz about this season’s lineup. All of this is happening in isolation, when the activities could be optimized with a bit of planning and coordination. To maximize the benefits of social media, a standalone social strategy is not the answer. A sustainable framework will incorporate social data in all elements of the business strategy and plan, coordinated across the enterprise for optimal sharing and integration, to create better informed business insights. This strategy must be fully supported by an engaged executive team and typically needs to be enforced by a group tasked with the specific goal of breaking down these silos in order to unlock the value of social data across the organization. To achieve a return on investment, goals must be connected to specific metrics, and a process must be developed to continually report on specific outcomes and refine practices appropriately. Looking Ahead The broadcast industry is becoming increas- ingly competitive, and the lines of demarcation are blurring. As the business model in the enter- tainment space continues to shift toward Web- delivered content, televisions will get “smarter,” delivery channels will grow, and applications will continue to become more “social.” In fact, the rise of “over-the-top” television (OTT) and “TV anywhere” delivery will surely promote even further integration with social networks and provide more granular data about consumption to be revealed via social media. This increased competition and complexity creates ever more reason to capture intelligence and extract full value from established programs. Social measurement and analysis must become a block in the foundation of any intelligence program. When performed correctly, social media analytics can unlock the value content, As important and technically challenging as refining social data is, it can be equally challenging to build a workflow.
  • 6. About Cognizant Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process out- sourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 156,700 employees as of December 31, 2012, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant. World Headquarters 500 Frank W. Burr Blvd. Teaneck, NJ 07666 USA Phone: +1 201 801 0233 Fax: +1 201 801 0243 Toll Free: +1 888 937 3277 Email: inquiry@cognizant.com European Headquarters 1 Kingdom Street Paddington Central London W2 6BD Phone: +44 (0) 20 7297 7600 Fax: +44 (0) 20 7121 0102 Email: infouk@cognizant.com India Operations Headquarters #5/535, Old Mahabalipuram Road Okkiyam Pettai, Thoraipakkam Chennai, 600 096 India Phone: +91 (0) 44 4209 6000 Fax: +91 (0) 44 4209 6060 Email: inquiryindia@cognizant.com ­­© Copyright 2013, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners. About the Author J.P. Benedict is a Consultant in Cognizant Business Consulting’s Media and Entertainment Practice. He has worked in IT business process consulting since 2009 and specializes in social media analytics, digital security and digital asset management. J.P. has an M.B.A. from the University of Arizona. He can be reached at James.Benedict@cognizant.com. Footnotes 1 “Netprospex Social Businesss Report,” Netprospex, Summer 2011, http://www.netprospex.com/np/system/files/NetProspex_SocialBusinessReport_Summer2011.pdf. 2 “The Hazards of Celebrity Endorsements in the Age of Twitter,” Knowledge@Wharton, Feb. 27, 2013, http://knowledge.wharton.upenn.edu/article.cfm?articleid=3191. 3 Fox American Idol App, 2013, http://fox.com. 4 Michael Chui, James Manyika, Jacques Bughin, Richard Dobbs, Charles Roxburgh, Hugo Sarrazin, Geoffrey Sands and Magdalena Westergren, “The Social Economy: Unlocking Value and Productivity Through Social Technologies,” McKinsey & Co., July 2012. 5 ”Nielsen, NM Incite Acquire SocialGuide,” press release, Nov. 12, 2012, http://nmincite.com/wp-content/uploads/2012/11/Nielsen-NM-Incite-Acquire-SocialGuide-Press-Release- FINAL.pdf. 6 “The Britney Effect on The X-Factor,” Bluefin Labs, Oct. 3, 2012, https://bluefinlabs.com/blog/2012/10/03/the-britney-effect-on-the-x-factor/. allowing the organization to better engage the fan base, optimize marketing and ultimately increase profits and ratings. The information is out there, it’s publicly available, and it’s ready to be used. The companies that build comprehensive analytical programs around it will be rewarded. The companies that continue with traditional business models for analysis and measurement will be left behind.