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FIVE MEDIA
MEASUREMENT
CHALLENGES
How smart communicators can leverage
media data to drive
competitive advantage
INTRODUCTION
+                                                2

          Five Social Media Insight Challenges




     "The only man who behaved
    sensibly was my tailor; he took
    my measurement anew every
     time he saw me, while all the
       rest went on with their old
    measurements and expected
            them to fit me."


    George Bernard Shaw
THE CHALLENGE
SOME QUESTIONS ON
OUR CLIENTS‟ MIND

• When it comes to brand and reputation,
  how can I „measure what matters‟?
• With so much being said in the
  media, how do I know what
                                            KNOWING IS
  stakeholders really feel about my brand
  and products?
• How effective am I in communicating
                                             BUILDING
  my messages?
• Who are the most influential voices in     A BETTER
  my communities of interest and what
  are their interests and motivations?
• Which of those should I seek to
                                             BUSINESS
  influence and how could I go about it?
• How does my performance compare
  to competitors?
• How can I as an organisation or
  individual participate meaningfully
  in social media?
• What does a best in class approach
  look like?
Our five challenges for discussion today:

1.   Measure what matters
2.   Understanding accuracy
3.   Tracking trends
4.   Insight beyond buzz
5.   Blending other data


             But what is missing?
Understand your social media goals and
             objectives


pecific
easurable
ttainable
ealistic/relevant
imely


                                         5
INSIGHT CHALLENGE #1
+                                                                                             6

                  Measure what matters
                            YOU CAN TRACK A WEALTH OF METRICS WITH
                             MONITORING TOOLS… BUT WHICH ONES ARE
                             IMPORTANT TO YOUR BUSINESS?

                            #1 Easy-to-capture metrics are all about outputs –
                             activity volume, followers, sentiment – but KPIs tend
                             to be sales, leads, conversions, recommendations,
                             engagement… reflecting business KPIs in social media
                             data is a complex but critical task

                            #2 Monitoring tools don‟t track all social media…
                             you need tools to track forums, Twitter, Facebook, YouTube
                             and podcasts that social media SaaS can‟t give you – start by
                             mapping what matters, and choose tools that can deliver it

                            #3 “Influence” – don‟t believe the hype… the idea
                             that a small number of social media influencers are the key to
                             social media success is seductive, but unsubstantiated –
                             articulate and measure what „success‟ means to your
                             company

                            THERE IS NO MAGIC BULLET IN SOCIAL MEDIA
                             MEASUREMENT. TOOLS HELP COLLECT DATA, BUT
                             INSIGHT COMES FROM HUMANS.
INSIGHT CHALLENGE #2
+                                                                                                    7

                 Understanding accuracy
                             “Text analytics is like a dancing bear. You don’t
                             care how good it is, you’re just amazed it works at
                             all” (att: @kurtis_williams)
                           SOCIAL MEDIA MONITORING TOOLS PROVIDE LOTS OF
                           TECHNOLOGY OPTIONS – BUT ARE THEY EFFECTIVE?

                           #1 Sentiment analysis – out of lab conditions it‟s little
                           better than a tossed coin… it is known to struggle with
                           sarcasm, but also fails in other ways – it has its uses, but don‟t rely
                           on it for serious opinion research

                           #2 Social media software is rarely if ever an effective
                           discovery tool… coverage is rarely comprehensive and
                           searched sources often bias toward interests of previous clients –
                           you will always need a separate process to discover sources

                           #3 Country filters work in unexpected ways, and
                           deliver unrealistic results… site metadata, IP addresses and
                           physical server locations drive country filters, don‟t rely on them

                           UNDERSTAND HOW „LABOUR SAVING‟ TECHNOLOGIES
                           WORK, AND VALIDATE THEIR RESULTS
INSIGHT CHALLENGE #3
+                                                                                               8

                       Tracking trends

                           THE SOCIAL MEDIA UNIVERSE IS IN CONSTANT FLUX –
                           YOU MUST UNDERSTAND “REAL” TRENDS: EARNED, NOT
                           ORGANIC GROWTH

                           #1 The universe is growing, but by how much?…
                           tracking mindshare in social media is a classic challenge – data
                           from search firms and aggregators provides the answers

                           #2 People are increasingly comfortable expressing
                           themselves in social media… so an increase in discussion
                           about your brand could be an organic trend that you need to
                           model in to your findings

                           #3 New ideas; new sources; new technologies; new
                           metrics… sources like Friendster reside in the „where are they
                           now?‟ file, as new ones like Quora rise to prominence. The market
                           is constantly changing, providing new insight opportunities – look
                           outward as well as inward, and be agile and responsive

                           TO MEASURE SOCIAL, YOU NEED TO KNOW SOCIAL.
                           ENSURE THAT YOU HAVE ACCESS TO DOMAIN
                           EXPERTISE AND ENTHUSIASM TO HELP SCOPE AND
                           DEVELOP INSIGHT PROGRAMMES.
INSIGHT CHALLENGE #4
+                                                                                                       9

                           Insight beyond buzz

                             COMPARED TO PRESS AND BROADCAST CHANNELS,
                             SOCIAL MEDIA IS THE WILD WEST – COMMENTATOR
                             MOTIVATIONS AND INTENTIONS ARE UNCERTAIN,
                             BUZZ ALONE TELLS YOU VERY LITTLE THAT IS
                             USEFUL

                             #1 Complement quantitative “buzz monitoring” with
                             qualitative research… qualitative research disciplines provide
                             critical context for buzz monitoring and measurement

                             #2 Track what people do, as well as what they say…
                             verbatim comment is an important source of insight, but not the only one
                             – pay attention to non-verbal endorsements (likes and links); search
                             trends and frequency of engagement

                             #3 Break down research silos… social media monitoring and
                             analytics complements other research lines, including web analytics,
                             opinion research and media content analysis – they are all parts of one
                             bigger picture

                             BUZZ MONITORING IS NOT THE FINISHED PRODUCT,
                             BUT WITH CARE AND ATTENTION IT IS A VALUABLE
                             SOURCE OF INSIGHT.
INSIGHT CHALLENGE #5
+                                                                                             10

                    Blending other data

                           IN SOCIAL MEDIA, BRAND ENGAGEMENT AND INSIGHT
                           ARE TWO SIDES OF THE SAME COIN.

                           #1 Exploit insight opportunities that comms activity
                           creates… engagement channels like Facebook include
                           comprehensive and valuable analytics dashboards – be sure you
                           can access and use them

                           #2 Maintain ethical standards… the etiquette of online
                           monitoring and engagement is not set in stone, but organisations
                           have suffered reputational damage from borderline activity.
                           Monitor, communicate and live your standards

                           #3 Consider your own engagement… the social media
                           insight opportunity isn‟t only about unprompted buzz. Curated
                           engagements like MROCs are an interesting insight prospect

                           LOOK FOR OPPORTUNITIES TO CREATE VALUE FROM
                           SOCIAL MEDIA RESEARCH FOR OTHER PARTS OF THE
                           ENTERPRISE, BUT ALWAYS KEEP REPUTATION RISK IN
                           MIND.
OUR PROCESS
WE OFFER “TECHNOLOGY
ASSISTED HUMAN
ANALYTICS”




 We combine the best features of automated
 text analysis with the benefits of human input
 to enable complex analysis of a high volume
 of media items time and cost effectively
Media trust presentation media measurement

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Media trust presentation media measurement

  • 1. FIVE MEDIA MEASUREMENT CHALLENGES How smart communicators can leverage media data to drive competitive advantage
  • 2. INTRODUCTION + 2 Five Social Media Insight Challenges "The only man who behaved sensibly was my tailor; he took my measurement anew every time he saw me, while all the rest went on with their old measurements and expected them to fit me." George Bernard Shaw
  • 3. THE CHALLENGE SOME QUESTIONS ON OUR CLIENTS‟ MIND • When it comes to brand and reputation, how can I „measure what matters‟? • With so much being said in the media, how do I know what KNOWING IS stakeholders really feel about my brand and products? • How effective am I in communicating BUILDING my messages? • Who are the most influential voices in A BETTER my communities of interest and what are their interests and motivations? • Which of those should I seek to BUSINESS influence and how could I go about it? • How does my performance compare to competitors? • How can I as an organisation or individual participate meaningfully in social media? • What does a best in class approach look like?
  • 4. Our five challenges for discussion today: 1. Measure what matters 2. Understanding accuracy 3. Tracking trends 4. Insight beyond buzz 5. Blending other data But what is missing?
  • 5. Understand your social media goals and objectives pecific easurable ttainable ealistic/relevant imely 5
  • 6. INSIGHT CHALLENGE #1 + 6 Measure what matters  YOU CAN TRACK A WEALTH OF METRICS WITH MONITORING TOOLS… BUT WHICH ONES ARE IMPORTANT TO YOUR BUSINESS?  #1 Easy-to-capture metrics are all about outputs – activity volume, followers, sentiment – but KPIs tend to be sales, leads, conversions, recommendations, engagement… reflecting business KPIs in social media data is a complex but critical task  #2 Monitoring tools don‟t track all social media… you need tools to track forums, Twitter, Facebook, YouTube and podcasts that social media SaaS can‟t give you – start by mapping what matters, and choose tools that can deliver it  #3 “Influence” – don‟t believe the hype… the idea that a small number of social media influencers are the key to social media success is seductive, but unsubstantiated – articulate and measure what „success‟ means to your company  THERE IS NO MAGIC BULLET IN SOCIAL MEDIA MEASUREMENT. TOOLS HELP COLLECT DATA, BUT INSIGHT COMES FROM HUMANS.
  • 7. INSIGHT CHALLENGE #2 + 7 Understanding accuracy “Text analytics is like a dancing bear. You don’t care how good it is, you’re just amazed it works at all” (att: @kurtis_williams) SOCIAL MEDIA MONITORING TOOLS PROVIDE LOTS OF TECHNOLOGY OPTIONS – BUT ARE THEY EFFECTIVE? #1 Sentiment analysis – out of lab conditions it‟s little better than a tossed coin… it is known to struggle with sarcasm, but also fails in other ways – it has its uses, but don‟t rely on it for serious opinion research #2 Social media software is rarely if ever an effective discovery tool… coverage is rarely comprehensive and searched sources often bias toward interests of previous clients – you will always need a separate process to discover sources #3 Country filters work in unexpected ways, and deliver unrealistic results… site metadata, IP addresses and physical server locations drive country filters, don‟t rely on them UNDERSTAND HOW „LABOUR SAVING‟ TECHNOLOGIES WORK, AND VALIDATE THEIR RESULTS
  • 8. INSIGHT CHALLENGE #3 + 8 Tracking trends THE SOCIAL MEDIA UNIVERSE IS IN CONSTANT FLUX – YOU MUST UNDERSTAND “REAL” TRENDS: EARNED, NOT ORGANIC GROWTH #1 The universe is growing, but by how much?… tracking mindshare in social media is a classic challenge – data from search firms and aggregators provides the answers #2 People are increasingly comfortable expressing themselves in social media… so an increase in discussion about your brand could be an organic trend that you need to model in to your findings #3 New ideas; new sources; new technologies; new metrics… sources like Friendster reside in the „where are they now?‟ file, as new ones like Quora rise to prominence. The market is constantly changing, providing new insight opportunities – look outward as well as inward, and be agile and responsive TO MEASURE SOCIAL, YOU NEED TO KNOW SOCIAL. ENSURE THAT YOU HAVE ACCESS TO DOMAIN EXPERTISE AND ENTHUSIASM TO HELP SCOPE AND DEVELOP INSIGHT PROGRAMMES.
  • 9. INSIGHT CHALLENGE #4 + 9 Insight beyond buzz COMPARED TO PRESS AND BROADCAST CHANNELS, SOCIAL MEDIA IS THE WILD WEST – COMMENTATOR MOTIVATIONS AND INTENTIONS ARE UNCERTAIN, BUZZ ALONE TELLS YOU VERY LITTLE THAT IS USEFUL #1 Complement quantitative “buzz monitoring” with qualitative research… qualitative research disciplines provide critical context for buzz monitoring and measurement #2 Track what people do, as well as what they say… verbatim comment is an important source of insight, but not the only one – pay attention to non-verbal endorsements (likes and links); search trends and frequency of engagement #3 Break down research silos… social media monitoring and analytics complements other research lines, including web analytics, opinion research and media content analysis – they are all parts of one bigger picture BUZZ MONITORING IS NOT THE FINISHED PRODUCT, BUT WITH CARE AND ATTENTION IT IS A VALUABLE SOURCE OF INSIGHT.
  • 10. INSIGHT CHALLENGE #5 + 10 Blending other data IN SOCIAL MEDIA, BRAND ENGAGEMENT AND INSIGHT ARE TWO SIDES OF THE SAME COIN. #1 Exploit insight opportunities that comms activity creates… engagement channels like Facebook include comprehensive and valuable analytics dashboards – be sure you can access and use them #2 Maintain ethical standards… the etiquette of online monitoring and engagement is not set in stone, but organisations have suffered reputational damage from borderline activity. Monitor, communicate and live your standards #3 Consider your own engagement… the social media insight opportunity isn‟t only about unprompted buzz. Curated engagements like MROCs are an interesting insight prospect LOOK FOR OPPORTUNITIES TO CREATE VALUE FROM SOCIAL MEDIA RESEARCH FOR OTHER PARTS OF THE ENTERPRISE, BUT ALWAYS KEEP REPUTATION RISK IN MIND.
  • 11. OUR PROCESS WE OFFER “TECHNOLOGY ASSISTED HUMAN ANALYTICS” We combine the best features of automated text analysis with the benefits of human input to enable complex analysis of a high volume of media items time and cost effectively