Presentation from DataSong's Marketing Effectiveness Summit, July 24, 2014
Social media is a consumer attention juggernaut, with strong growth in engagement and usage across established channels such as Facebook and blogs, and newer ones such as Instagram, Pinterest, and Snapchat. Social now rivals the exposure and engagement provided by traditional channels such as TV and online channels such as email. Yet measurement of marketing effectiveness on this medium has significantly lagged this shift.
As the channel has grown in importance, tracking the impact of social on business results, and not just on activity, is key to making social media effective. Learn and discuss the appropriate uses of methods -- from basic to comples -- that are in the toolbox to track the business impact of social, including determining impact on brand metrics, reach, attributable conversion and marketing efficiency.
Credit: Irfan Kamal , SVP + Global Head, Data/Analytics, Products + Partners, Ogilvy & Mather
Predicting Salary Using Data Science: A Comprehensive Analysis.pdf
Irfan Kamal - Making Social Media Effective
1. Making Marketing More Effective: A Social
Perspective
Irfan Kamal
Global Head, Data+Analytics, Products & Partners
@irfankamal / irfan.kamal@ogilvy.com
Answer:
Advocacy % = 6,702 / 930,975 = 0.7%
Public social advocacy gap:
79%-0.7% = 78.3%
If private advocacy is 10x public, then total advocacy = 7+0.7 = 7.7%
Total social advocacy gap:
79%-7.7% = 71.3%