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FOR: Customer             The Forrester Wave™: Enterprise
Intelligence
Professionals             Listening Platforms, Q2 2012
                          by Zach Hofer-shall, April 24, 2012


                          key TakeaWays

                          The Listening platform Landscape is still Maturing and Moving
                          Although this is Forrester’s fourth Wave™ evaluation on the space, we still see new
                          entrants and the market still experiences its share of mergers and acquisitions.

                          Radian6 and Visible Technologies Lead The Market
                          Due to the varied functionality in their current offerings, Radian6 and Visible
                          Technologies meet today’s needs, and both presented competitive road maps to
                          extend their offerings.

                          The enterprise Listening platform Landscape holds Many Viable
                          options
                          Along with the two Leaders, many vendors offer competitive technology and
                          services in this crowded market.




                Forrester Research, Inc., 60 Acorn Park Drive, Cambridge, mA 02140 UsA
                   Tel: +1 617.613.6000 | Fax: +1 617.613.5000 | www.forrester.com
For Customer Intelligence Professionals                                                                                                 April 24, 2012



                     The Forrester Wave™: Enterprise Listening
                     Platforms, Q2 2012
                      How Nine Vendors Stack Up In A Constantly Changing Market
                      by Zach Hofer-Shall
                      with Suresh Vittal, Dave Frankland, and Allison Smith


Why Read This Report
In Forrester’s 64-criteria evaluation of enterprise listening platforms vendors, we found that Radian6
and Visible Technologies lead the pack because of their variably functional dashboards and innovative
road maps. The landscape consists of many Strong Performers: Attensity with its data-processing focus,
Converseon with its research reporting, Networked Insights with its focus on media planning and buying,
NM Incite with its consulting services, SDL with its data collecting, and Synthesio with its international
expertise. The evaluation identified a single Contender, Lithium Technologies, whose strength comes from
its easy-to-use self-service dashboard.


Table Of Contents                                                                Notes & Resources
2 Listening Platforms Make Social Intelligence                                   Forrester conducted lab evaluations in March
  Possible                                                                       2012 and interviewed nine vendors and more
                                                                                 than 30 user companies.
  The Listening Platform Landscape Continues Its
  Evolution
                                                                                 Related Research Documents
2 Enterprise Listening Platform Evaluation
  Overview                                                                       The Enterprise Listening Platform Landscape
                                                                                 April 24, 2012
  Defining The Enterprise Listening Platform
  Market                                                                         It’s Time For Listening Platforms To Grow Up
                                                                                 January 25, 2012
  Enterprise Listening Platforms Serve Large,
                                                                                 The State Of Social Intelligence, 2011
  Complicated, And International Customers
                                                                                 January 9, 2012
4 Varied Offerings Meet Today’s Demands

6 Vendor Profiles

  Leaders Provide The Most Functionality

  Strong Performers Come In All Shapes And
  Sizes

  Contenders Make Listening Easy
8 Supplemental Material




                  © 2012, Forrester Research, Inc. All rights reserved. Unauthorized reproduction is strictly prohibited. Information is based on best available
                  resources. Opinions reflect judgment at the time and are subject to change. Forrester®, Technographics®, Forrester Wave, RoleView, TechRadar,
                  and Total Economic Impact are trademarks of Forrester Research, Inc. All other trademarks are the property of their respective companies. To
                  purchase reprints of this document, please email clientsupport@forrester.com. For additional information, go to www.forrester.com.
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                                2




Listening Platforms Make Social Intelligence Possible
Social intelligence — the process of turning social media into actionable business insights —
requires technology assistance.1 The social Web is simply too big, too fast, and too full of irrelevance
and spam to manage alone. As a result, businesses turn to listening platforms to help capture social
data, manage and analyze its content through text analytics, and deliver insights in dashboards
and reporting services. Listening platforms are part of the way through their evolution — and
are currently at a point between the social media monitoring tools they started as and the critical
enterprise business analytics tools they must become.2


The Listening Platform Landscape Continues Its Evolution
Businesses evaluating the listening platform market have a tough task ahead: Hundreds of offerings
compete for attention, selling solutions to simplify social media.3 Differentiating among vendors in
the crowded landscape can be difficult and, due to recent market movements, is only getting more
complicated. Since our last evaluation:

  ■	 Mergers and acquisitions swept the market. Since the last listening platform Forrester Wave™,
     the space has experienced a great deal of movement. Three of the vendors participating in this
     evaluation have arrived here through acquisition: Attensity by acquiring Biz360, Lithium
     Technologies through its acquisition of Scout Labs, and SDL through its acquisition of Alterian —
     which previously acquired Techrigy. And, although Radian6 still operates under its same name, it
     now sits under its large parent, salesforce.com, following the 2011 acquisition. Most recently,
     during the process of this evaluation, Visible Technologies acquired one of the market
     competitors, Cymfony.

  ■	 Technology giants started dipping their toes in the listening waters. Over the past 18 months,
    many of the world’s largest technology companies have launched listening technologies. Both
    Adobe and SAS launched social analytics offerings; IBM now offers Cognos Consumer Insight;
    and, with every release, Google Analytics adds more social media coverage to its web analytics
    offering. It’s clear that this is a space that will have a new series of competitors in the near future.


Enterprise Listening Platform Evaluation Overview
To assess the state of the enterprise listening platform market and see how the vendors stack up
against each other, Forrester evaluated the strengths and weaknesses of top enterprise listening
platform vendors.


Defining The Enterprise Listening Platform Market
After examining past research, user need assessments, and vendor and expert interviews, we
developed a comprehensive set of evaluation criteria. We evaluated vendors against 64 criteria,
which we grouped into three high-level buckets:



© 2012, Forrester Research, Inc. Reproduction Prohibited                                        April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                               3




  ■	 Current offering. We evaluated each vendor’s existing product and services offering to
     determine its strength compared with today’s buyer demands. We reviewed the vendors’ data
     source coverage and data processing capabilities — such as their automated sentiment analysis
     and spam detection — to determine the quality of data the vendors provide. We then evaluated
     the vendors’ dashboard functionalities as well as their technical integration offerings. Lastly, we
     evaluated the vendors’ professional services and reporting capabilities.

  ■	 Strategy. We evaluated each vendor’s overall strategy, focusing on how its product and services
     meet both today’s and tomorrow’s demands. Within the strategy component, we reviewed the
     management team, the vendors’ technology and services road maps, and their partner strategies.

  ■	 Market presence. We evaluated the vendors’ footprints in the market to determine the relative
     size of each offering. We reviewed the number of customers and the growth in customers as well
     as overall customer satisfaction. We also covered the vendors’ financial strengths, evaluating
     each vendor’s revenue and financial stability. Lastly, we evaluated the vendors’ employee bases to
     determine how well each is equipped to handle enterprise customers.


Enterprise Listening Platforms Serve Large, Complicated, And International Customers
Forrester included nine vendors in the assessment: Attensity, Converseon, Lithium Technologies,
Networked Insights, NM Incite, Radian6, SDL, Synthesio, and Visible Technologies. Each of these
vendors has (see Figure 1):

  ■	 A large footprint in the listening platform market. To determine the vendors most relevant to
     today’s market, we evaluated companies with at least $10 million in annual revenue from their
     social listening offerings or vendors with at least 100 customers.

  ■	 A large concentration of enterprise customers. With a new focus on enterprise listening
     platforms, we evaluated vendors with at least 40% of their customer base serving $1billion
     companies or with more than 100 enterprise customers.

  ■	 A diverse customer base, serving horizontally across the organization. Enterprise listening
     platforms, by definition, must be capable of serving horizontally across the organization — not
     just a single team. We evaluated vendors that sell to an evenly distributed customer base and
     excluded vendors that have a customer base of more than 40% of any one organizational role,
     such as market research or public relations.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                      April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                                     4




Figure 1 Evaluated Vendors: Vendor Information And Selection Criteria

        Vendor                                                Date evaluated
        Attensity                                             February 2012

        Converseon                                            February 2012

        Lithium Technologies                                  February 2012

        Networked Insights                                    February 2012

        NM Incite                                             February 2012

        Radian6                                               February 2012

        SDL                                                   February 2012

        Synthesio                                             February 2012

        Visible Technologies                                  February 2012

                                                Vendor selection criteria
  Selected vendors must have $10 million in annual revenue from their listening offering or at least 100
  active customers.

  At least 40% of the selected vendors’ customers must be $1 billion-plus companies — or they must have a
  minimum of 100 enterprise customers.

  No more than 40% of the vendor’s business can come from a single business line, such as public relations
  or market research.

                                                                                   Source: Forrester Research, Inc.




Varied Offerings Meet Today’s demands
Social intelligence means many things to many parts of the organization. Social data informs
marketing measurement, inspires market insights, identifies customer data, and tracks customer
issues. As a result, there were multiple ways to perform well in this evaluation — either serving
many of these functions adequately or serving a few of them specifically well. The evaluation
uncovered a market in which (see Figure 2):

  ■	 Radian6 and Visible Technologies lead the market. Radian6 and Visible Technologies lead
     the landscape, sharing two key strengths: broadly functional dashboards and innovative road
     maps. Although each has key differentiators — Radian6 with its engagement tools and Visible
     Technologies with its focus on data quality — they share a focus on integrations. Radian6
     and Visible Technologies received top scores across criteria relating to integration with other
     technology systems.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                             April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                                             5




  ■	 Attensity, Converseon, Networked Insights, NM Incite, SDL, and Synthesio are strong.
    Although there is a large pack of vendors in the middle, each earned its spot for a different
    reason. Converseon is a Strong Performer because of its social research practice; Synthesio due
    to its international strengths; SDL for its social data quality; Networked Insights for its strong
    connection to the media world; Attensity for its ability to handle a variety of data; and NM
    Incite for its strength in consulting services.

  ■	 Lithium Technologies is a Contender. Although this large landscape contains many
     viable options for large companies, the evaluation uncovered a single Contender. Lithium
     Technologies has a large footprint in the market, excelling with its dashboard offering. It
     provides simple, self-service tools for monitoring and analyzing social data.

This evaluation of the enterprise listening platform market is intended to be a starting point only.
We encourage readers to view detailed product evaluations and adapt the criteria weightings to fit
their individual needs through the Forrester Wave Excel-based vendor comparison tool.

Figure 2 Forrester Wave™: Enterprise Listening Platforms, Q2 ‘12

           Risky                             Strong
           Bets      Contenders            Performers                  Leaders
 Strong


                                                                                            Go online to download
                                                                                            the Forrester Wave tool
                                                                     Visible
                                                     Synthesio       Technologies           for more detailed product
                                   Networked Insights                                       evaluations, feature

                                                 SDL                                        comparisons, and
                                                                                 Radian6    customizable rankings.
                                    NM Incite
                                                                 Converseon
Current                            Lithium
offering                       Technologies             Attensity




            Market presence


 Weak

           Weak                                Strategy                           Strong

                                                                                           Source: Forrester Research, Inc.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                                     April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                                                                                                                        6




Figure 2 Forrester Wave™: Enterprise Listening Platforms, Q2 ‘12 (Cont.)




                                                                                       Lithium Technologies




                                                                                                                                                                                  Visible Technologies
                                                                                                               Networked Insights
                                                                         Converseon
                                            Weighting
                                            Forrester’s




                                                                                                                                                                     Synthesio
                                                                                                                                     NM Incite
                                                            Attensity




                                                                                                                                                   Radian6

                                                                                                                                                              SDL
CURRENT OFFERING                            50%            2.63         3.02          2.66                    3.03                  2.95          3.28       3.24   3.15         3.52
 Background information                      0%            0.00         0.00          0.00                    0.00                  0.00          0.00       0.00   0.00         0.00
 Data sources                               10%            3.19         3.37          2.43                    3.24                  3.06          3.73       3.43   2.97         3.19
 Data processing                            15%            3.25         3.10          1.90                    3.35                  2.80          2.65       3.45   3.15         3.45
 Dashboard functionality                    45%            2.95         2.85          3.25                    2.75                  2.35          3.95       3.10   2.95         3.65
 Integration                                10%            2.40         1.60          2.50                    2.10                  2.65          3.75       3.25   3.15         3.25
 Consulting and analysis services           20%            1.30         3.90          2.10                    3.80                  4.50          1.80       3.30   3.70         3.60

STRATEGY                                    50%            2.97         3.68          2.25                    2.96                  2.37          4.36       2.78   3.38         3.70
  Strength of management team               15%            3.00         4.00          3.00                    3.00                  2.00          4.00       2.00   4.00         3.00
  Corporate strategy                        15%            3.70         2.80          3.60                    2.70                  2.80          3.60       3.20   2.90         3.00
  Product strategy                          70%            2.80         3.80          1.80                    3.00                  2.35          4.60       2.85   3.35         4.00
  Cost                                       0%            0.00         0.00          0.00                    0.00                  0.00          0.00       0.00   0.00         0.00

MARKET PRESENCE                              0%            3.13         2.52          3.93                    3.78                  2.91          4.18       4.00   3.33         3.42
 Customers                                  70%            3.23         2.18          4.15                    3.76                  2.70          3.97       4.35   3.46         3.67
 Financials                                 20%            2.15         3.15          3.50                    3.80                  2.85          5.00       3.15   3.10         2.15
 Employees                                  10%            4.40         3.60          3.20                    3.90                  4.50          4.00       3.20   2.90         4.20
All scores are based on a scale of 0 (weak) to 5 (strong).
                                                                                                                                                 Source: Forrester Research, Inc.




vENDOR PROFILES

Leaders Provide The Most Functionality
  ■	 Radian6. Radian6 has the largest market footprint, with more than twice the number of
     customers of the next closest enterprise listening platform. In early 2011, salesforce.com
     acquired Radian6, and, under this giant umbrella, Radian6 remains the most innovative vendor
     in the landscape. It continues to add features to its dashboard on a regular basis. But even after
     many improvements — including a dedicated insights dashboard, which utilizes third-party
     data analysis tools — Radian6 customers still report data quality issues. To remain a Leader,
     Radian6 must double its efforts toward fixing its automated analysis tools or lose customers to
     more data-focused vendors.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                                                                                             April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                            7




  ■	 Visible Technologies. In late 2010, Visible Technologies launched a completely revamped
     dashboard which now receives the top customer reference scores in the market. Visible
     Technologies’ dashboard provides broad functionality, serving measurement, research, and
     engagement needs. In April 2012, Visible Technologies acquired a market competitor, Cymfony.
     By adding Cymfony’s international footprint and consulting resources, Visible Technologies
     only increases its enterprise offerings. But while the acquisition fills in many of its existing
     holes, the company must stay focused on its data integrations and technology offers, all while
     combining the two parties’ research and consulting services.


Strong Performers Come In All Shapes And Sizes
  ■	 Converseon. Converseon offers a combination of technology and services to provide a
     customized approach to managing and analyzing social data. In 2011, Converseon launched a
     new dashboard, and the vendor continues to add to its already strong consulting and custom
     reporting offerings. But, to become a Leader, Converseon must focus on data, both inside its
     dashboard and out. Converseon — with its strength in consulting services — currently misses
     the opportunity to extend its offerings by helping its clients integrate social data with their
     marketing and business data.

  ■	 Synthesio. Synthesio is the smallest and youngest vendor of the list but has one of the larger
     footprints with enterprises in Europe. Based in Paris, Synthesio takes an internationally focused
     approach that combines multilingual human analysis on top of its technologies. But Synthesio
     must look beyond social media to become a Leader. Although its current strengths come from
     social analytics, research, and consulting, Synthesio may become trapped selling to social media
     teams. To grow into a Leader, Synthesio must scale its offering across the organization.

  ■	 SDL. At the beginning of 2012, SDL — a large global software vendor — acquired Alterian,
     which previously offered its SM2 social media analytics dashboard. Now, through the SDL
     relationship, SM2 remains a popular dashboard but increases its international capabilities and
     presence. SDL provides a broad variety of social content and a series of technologies to address
     multiple languages automatically. But for SDL to become a Leader, it must focus on improving
     its self-service dashboard while dealing with its recent acquisition.

  ■	 Networked Insights. Networked Insights follows the same processes as the other vendors in the
     market but specializes in a targeted insight delivery: media planning and buying. The vendor
     built its SocialSense dashboard around these marketing needs, giving it an unrivaled advantage
     for socially informed media planning and buying but leaving it lacking in some broader social
     intelligence applications. Networked Insights’ services team also provides strategy and reporting
     around many marketing and business needs, but its core focus remains in the media space.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                    April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                               8




  ■	 Attensity. Following the acquisition of Biz360 in 2010, Attensity now integrates social media
     data into its overall text analytics offering. Due to Attensity’s legacy in the unstructured data
     world, it excels at handling sources beyond just social data and offers integrations into a variety
     of technology systems. But with Attensity’s data strength come dashboard issues. To become
     a Leader, Attensity must unify its user experience across its currently fragmented product line,
     improve its dashboard interface, and provide more of the data analysis tools that social buyers
     expect.

  ■	 NM Incite. NM Incite is the joint venture between Nielsen’s BuzzMetrics team and McKinsey’s
     management consulting practice, which offers technology and strategy services to help
     companies manage social media. NM Incite offers a variety of research and consulting offerings,
     garnering positive customer references. But while NM Incite continues to excel in its social
     research practice, it must address a few issues to become a Leader. Most prominently, NM Incite
     must improve its dashboard offering, improve its data quality, and address its limitations around
     non-social data.


Contenders Make Listening Easy
  ■	 Lithium Technologies. Following the acquisition of Scout Labs in 2010, Lithium added social
     media monitoring capabilities to its existing social business software suite. Lithium’s core
     product is its community platform offering, which it also feeds into its monitoring tool. This
     gives Lithium an advantage for customers of its community platform technology or customers
     looking for a social technology suite. But Lithium’s strength in integration with its communities
     is also its problem. By focusing on internal integrations, Lithium lacks external integrations,
     both with nonsocial data and into other external technology systems. And while Lithium
     customers reported positive experiences with the dashboard, the vendor must also address its
     data quality issues.


Supplemental Material

Online Resource
The online version of Figure 2 is an Excel-based vendor comparison tool that provides detailed
product evaluations and customizable rankings.


Data Sources Used In This Forrester Wave
Forrester used a combination of four data sources to assess the strengths and weaknesses of each
solution:




© 2012, Forrester Research, Inc. Reproduction Prohibited                                      April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                             9




  ■	 Hands-on lab evaluations. Vendors spent a half day with Forrester, conducting hands-on
     evaluations of their products using a scenario-based testing methodology. We evaluated each
     product using the same scenario, creating a level playing field by evaluating every product on
     the same criteria.

  ■	 Vendor surveys. Forrester surveyed vendors on their capabilities as they relate to the evaluation
     criteria. Once we analyzed the completed vendor surveys, we conducted vendor calls where
     necessary to gather details of vendor qualifications.

  ■	 Product demos. We asked vendors to conduct demonstrations of their products’ functionality.
     We used findings from these product demos to validate details of each vendor’s product
     capabilities.

  ■	 Customer reference surveys. To validate product and vendor qualifications, Forrester also
     conducted reference checks with at least three of each vendor’s current customers.


The Forrester Wave Methodology
We conduct primary research to develop a list of vendors that meet our criteria to be evaluated
in this market. From that initial pool of vendors, we then narrow our final list. We choose these
vendors based on: 1) product fit; 2) customer success; and 3) Forrester client demand. We eliminate
vendors that have limited customer references and products that don’t fit the scope of our evaluation.

After examining past research, user need assessments, and vendor and expert interviews, we develop
the initial evaluation criteria. To evaluate the vendors and their products against our set of criteria,
we gather details of product qualifications through a combination of lab evaluations, questionnaires,
demos, and/or discussions with client references. We send evaluations to the vendors for their
review, and we adjust the evaluations to provide the most accurate view of vendor offerings and
strategies.

We set default weightings to reflect our analysis of the needs of large user companies — and/or
other scenarios as outlined in the Forrester Wave document — and then score the vendors based
on a clearly defined scale. These default weightings are intended only as a starting point, and we
encourage readers to adapt the weightings to fit their individual needs through the Excel-based
tool. The final scores generate the graphical depiction of the market based on current offering,
strategy, and market presence. Forrester intends to update vendor evaluations regularly as product
capabilities and vendor strategies evolve.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                     April 24, 2012
For Customer Intelligence Professionals
The Forrester Wave™: Enterprise Listening Platforms, Q2 2012                                                    10




Endnotes
1	
     For more information about social intelligence, see the March 12, 2010, “Defining Social Intelligence”
     report.
2	
     Forrester describes a mandate for listening platforms’ future road map. See the January 25, 2012, “It’s Time
     For Listening Platforms To Grow Up” report.
3	
     To learn more about the listening platform vendor landscape, see the April 24, 2012, “The Enterprise
     Listening Platform Landscape” report.




© 2012, Forrester Research, Inc. Reproduction Prohibited                                              April 24, 2012
About Forrester
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                                                 Forrester Focuses On
                                                 Customer Intelligence Professionals
                                                 In addition to integrating and managing complex data from initiatives
                                                 such as customer segmentation, loyalty programs, and Web and mobile
                                                 analytics, you must deliver multidimensional customer insights that
                                                 power every marketing decision. Forrester’s subject-matter expertise
                                                 and deep understanding of your role will help you create forward-
                                                 thinking strategies; weigh opportunity against risk; justify decisions; and
                                                 optimize your individual, team, and corporate performance.
                                             «   CHARLES IBRAHIM, client persona representing Customer Intelligence Professionals



Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to
global leaders in business and technology. Forrester works with professionals in 19 key roles at major companies providing proprietary
research, customer insight, consulting, events, and peer-to-peer executive programs. For more than 28 years, Forrester has been making
IT, marketing, and technology industry leaders successful every day. For more information, visit www.forrester.com.	            61648

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The Forrester WaveTM: Radian6 and Visible Technologies Lead Enterprise Listening Platform Market

  • 1. FOR: Customer The Forrester Wave™: Enterprise Intelligence Professionals Listening Platforms, Q2 2012 by Zach Hofer-shall, April 24, 2012 key TakeaWays The Listening platform Landscape is still Maturing and Moving Although this is Forrester’s fourth Wave™ evaluation on the space, we still see new entrants and the market still experiences its share of mergers and acquisitions. Radian6 and Visible Technologies Lead The Market Due to the varied functionality in their current offerings, Radian6 and Visible Technologies meet today’s needs, and both presented competitive road maps to extend their offerings. The enterprise Listening platform Landscape holds Many Viable options Along with the two Leaders, many vendors offer competitive technology and services in this crowded market. Forrester Research, Inc., 60 Acorn Park Drive, Cambridge, mA 02140 UsA Tel: +1 617.613.6000 | Fax: +1 617.613.5000 | www.forrester.com
  • 2. For Customer Intelligence Professionals April 24, 2012 The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 How Nine Vendors Stack Up In A Constantly Changing Market by Zach Hofer-Shall with Suresh Vittal, Dave Frankland, and Allison Smith Why Read This Report In Forrester’s 64-criteria evaluation of enterprise listening platforms vendors, we found that Radian6 and Visible Technologies lead the pack because of their variably functional dashboards and innovative road maps. The landscape consists of many Strong Performers: Attensity with its data-processing focus, Converseon with its research reporting, Networked Insights with its focus on media planning and buying, NM Incite with its consulting services, SDL with its data collecting, and Synthesio with its international expertise. The evaluation identified a single Contender, Lithium Technologies, whose strength comes from its easy-to-use self-service dashboard. Table Of Contents Notes & Resources 2 Listening Platforms Make Social Intelligence Forrester conducted lab evaluations in March Possible 2012 and interviewed nine vendors and more than 30 user companies. The Listening Platform Landscape Continues Its Evolution Related Research Documents 2 Enterprise Listening Platform Evaluation Overview The Enterprise Listening Platform Landscape April 24, 2012 Defining The Enterprise Listening Platform Market It’s Time For Listening Platforms To Grow Up January 25, 2012 Enterprise Listening Platforms Serve Large, The State Of Social Intelligence, 2011 Complicated, And International Customers January 9, 2012 4 Varied Offerings Meet Today’s Demands 6 Vendor Profiles Leaders Provide The Most Functionality Strong Performers Come In All Shapes And Sizes Contenders Make Listening Easy 8 Supplemental Material © 2012, Forrester Research, Inc. All rights reserved. Unauthorized reproduction is strictly prohibited. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change. Forrester®, Technographics®, Forrester Wave, RoleView, TechRadar, and Total Economic Impact are trademarks of Forrester Research, Inc. All other trademarks are the property of their respective companies. To purchase reprints of this document, please email clientsupport@forrester.com. For additional information, go to www.forrester.com.
  • 3. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 2 Listening Platforms Make Social Intelligence Possible Social intelligence — the process of turning social media into actionable business insights — requires technology assistance.1 The social Web is simply too big, too fast, and too full of irrelevance and spam to manage alone. As a result, businesses turn to listening platforms to help capture social data, manage and analyze its content through text analytics, and deliver insights in dashboards and reporting services. Listening platforms are part of the way through their evolution — and are currently at a point between the social media monitoring tools they started as and the critical enterprise business analytics tools they must become.2 The Listening Platform Landscape Continues Its Evolution Businesses evaluating the listening platform market have a tough task ahead: Hundreds of offerings compete for attention, selling solutions to simplify social media.3 Differentiating among vendors in the crowded landscape can be difficult and, due to recent market movements, is only getting more complicated. Since our last evaluation: ■ Mergers and acquisitions swept the market. Since the last listening platform Forrester Wave™, the space has experienced a great deal of movement. Three of the vendors participating in this evaluation have arrived here through acquisition: Attensity by acquiring Biz360, Lithium Technologies through its acquisition of Scout Labs, and SDL through its acquisition of Alterian — which previously acquired Techrigy. And, although Radian6 still operates under its same name, it now sits under its large parent, salesforce.com, following the 2011 acquisition. Most recently, during the process of this evaluation, Visible Technologies acquired one of the market competitors, Cymfony. ■ Technology giants started dipping their toes in the listening waters. Over the past 18 months, many of the world’s largest technology companies have launched listening technologies. Both Adobe and SAS launched social analytics offerings; IBM now offers Cognos Consumer Insight; and, with every release, Google Analytics adds more social media coverage to its web analytics offering. It’s clear that this is a space that will have a new series of competitors in the near future. Enterprise Listening Platform Evaluation Overview To assess the state of the enterprise listening platform market and see how the vendors stack up against each other, Forrester evaluated the strengths and weaknesses of top enterprise listening platform vendors. Defining The Enterprise Listening Platform Market After examining past research, user need assessments, and vendor and expert interviews, we developed a comprehensive set of evaluation criteria. We evaluated vendors against 64 criteria, which we grouped into three high-level buckets: © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 4. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 3 ■ Current offering. We evaluated each vendor’s existing product and services offering to determine its strength compared with today’s buyer demands. We reviewed the vendors’ data source coverage and data processing capabilities — such as their automated sentiment analysis and spam detection — to determine the quality of data the vendors provide. We then evaluated the vendors’ dashboard functionalities as well as their technical integration offerings. Lastly, we evaluated the vendors’ professional services and reporting capabilities. ■ Strategy. We evaluated each vendor’s overall strategy, focusing on how its product and services meet both today’s and tomorrow’s demands. Within the strategy component, we reviewed the management team, the vendors’ technology and services road maps, and their partner strategies. ■ Market presence. We evaluated the vendors’ footprints in the market to determine the relative size of each offering. We reviewed the number of customers and the growth in customers as well as overall customer satisfaction. We also covered the vendors’ financial strengths, evaluating each vendor’s revenue and financial stability. Lastly, we evaluated the vendors’ employee bases to determine how well each is equipped to handle enterprise customers. Enterprise Listening Platforms Serve Large, Complicated, And International Customers Forrester included nine vendors in the assessment: Attensity, Converseon, Lithium Technologies, Networked Insights, NM Incite, Radian6, SDL, Synthesio, and Visible Technologies. Each of these vendors has (see Figure 1): ■ A large footprint in the listening platform market. To determine the vendors most relevant to today’s market, we evaluated companies with at least $10 million in annual revenue from their social listening offerings or vendors with at least 100 customers. ■ A large concentration of enterprise customers. With a new focus on enterprise listening platforms, we evaluated vendors with at least 40% of their customer base serving $1billion companies or with more than 100 enterprise customers. ■ A diverse customer base, serving horizontally across the organization. Enterprise listening platforms, by definition, must be capable of serving horizontally across the organization — not just a single team. We evaluated vendors that sell to an evenly distributed customer base and excluded vendors that have a customer base of more than 40% of any one organizational role, such as market research or public relations. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 5. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 4 Figure 1 Evaluated Vendors: Vendor Information And Selection Criteria Vendor Date evaluated Attensity February 2012 Converseon February 2012 Lithium Technologies February 2012 Networked Insights February 2012 NM Incite February 2012 Radian6 February 2012 SDL February 2012 Synthesio February 2012 Visible Technologies February 2012 Vendor selection criteria Selected vendors must have $10 million in annual revenue from their listening offering or at least 100 active customers. At least 40% of the selected vendors’ customers must be $1 billion-plus companies — or they must have a minimum of 100 enterprise customers. No more than 40% of the vendor’s business can come from a single business line, such as public relations or market research. Source: Forrester Research, Inc. Varied Offerings Meet Today’s demands Social intelligence means many things to many parts of the organization. Social data informs marketing measurement, inspires market insights, identifies customer data, and tracks customer issues. As a result, there were multiple ways to perform well in this evaluation — either serving many of these functions adequately or serving a few of them specifically well. The evaluation uncovered a market in which (see Figure 2): ■ Radian6 and Visible Technologies lead the market. Radian6 and Visible Technologies lead the landscape, sharing two key strengths: broadly functional dashboards and innovative road maps. Although each has key differentiators — Radian6 with its engagement tools and Visible Technologies with its focus on data quality — they share a focus on integrations. Radian6 and Visible Technologies received top scores across criteria relating to integration with other technology systems. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 6. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 5 ■ Attensity, Converseon, Networked Insights, NM Incite, SDL, and Synthesio are strong. Although there is a large pack of vendors in the middle, each earned its spot for a different reason. Converseon is a Strong Performer because of its social research practice; Synthesio due to its international strengths; SDL for its social data quality; Networked Insights for its strong connection to the media world; Attensity for its ability to handle a variety of data; and NM Incite for its strength in consulting services. ■ Lithium Technologies is a Contender. Although this large landscape contains many viable options for large companies, the evaluation uncovered a single Contender. Lithium Technologies has a large footprint in the market, excelling with its dashboard offering. It provides simple, self-service tools for monitoring and analyzing social data. This evaluation of the enterprise listening platform market is intended to be a starting point only. We encourage readers to view detailed product evaluations and adapt the criteria weightings to fit their individual needs through the Forrester Wave Excel-based vendor comparison tool. Figure 2 Forrester Wave™: Enterprise Listening Platforms, Q2 ‘12 Risky Strong Bets Contenders Performers Leaders Strong Go online to download the Forrester Wave tool Visible Synthesio Technologies for more detailed product Networked Insights evaluations, feature SDL comparisons, and Radian6 customizable rankings. NM Incite Converseon Current Lithium offering Technologies Attensity Market presence Weak Weak Strategy Strong Source: Forrester Research, Inc. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 7. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 6 Figure 2 Forrester Wave™: Enterprise Listening Platforms, Q2 ‘12 (Cont.) Lithium Technologies Visible Technologies Networked Insights Converseon Weighting Forrester’s Synthesio NM Incite Attensity Radian6 SDL CURRENT OFFERING 50% 2.63 3.02 2.66 3.03 2.95 3.28 3.24 3.15 3.52 Background information 0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Data sources 10% 3.19 3.37 2.43 3.24 3.06 3.73 3.43 2.97 3.19 Data processing 15% 3.25 3.10 1.90 3.35 2.80 2.65 3.45 3.15 3.45 Dashboard functionality 45% 2.95 2.85 3.25 2.75 2.35 3.95 3.10 2.95 3.65 Integration 10% 2.40 1.60 2.50 2.10 2.65 3.75 3.25 3.15 3.25 Consulting and analysis services 20% 1.30 3.90 2.10 3.80 4.50 1.80 3.30 3.70 3.60 STRATEGY 50% 2.97 3.68 2.25 2.96 2.37 4.36 2.78 3.38 3.70 Strength of management team 15% 3.00 4.00 3.00 3.00 2.00 4.00 2.00 4.00 3.00 Corporate strategy 15% 3.70 2.80 3.60 2.70 2.80 3.60 3.20 2.90 3.00 Product strategy 70% 2.80 3.80 1.80 3.00 2.35 4.60 2.85 3.35 4.00 Cost 0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 MARKET PRESENCE 0% 3.13 2.52 3.93 3.78 2.91 4.18 4.00 3.33 3.42 Customers 70% 3.23 2.18 4.15 3.76 2.70 3.97 4.35 3.46 3.67 Financials 20% 2.15 3.15 3.50 3.80 2.85 5.00 3.15 3.10 2.15 Employees 10% 4.40 3.60 3.20 3.90 4.50 4.00 3.20 2.90 4.20 All scores are based on a scale of 0 (weak) to 5 (strong). Source: Forrester Research, Inc. vENDOR PROFILES Leaders Provide The Most Functionality ■ Radian6. Radian6 has the largest market footprint, with more than twice the number of customers of the next closest enterprise listening platform. In early 2011, salesforce.com acquired Radian6, and, under this giant umbrella, Radian6 remains the most innovative vendor in the landscape. It continues to add features to its dashboard on a regular basis. But even after many improvements — including a dedicated insights dashboard, which utilizes third-party data analysis tools — Radian6 customers still report data quality issues. To remain a Leader, Radian6 must double its efforts toward fixing its automated analysis tools or lose customers to more data-focused vendors. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 8. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 7 ■ Visible Technologies. In late 2010, Visible Technologies launched a completely revamped dashboard which now receives the top customer reference scores in the market. Visible Technologies’ dashboard provides broad functionality, serving measurement, research, and engagement needs. In April 2012, Visible Technologies acquired a market competitor, Cymfony. By adding Cymfony’s international footprint and consulting resources, Visible Technologies only increases its enterprise offerings. But while the acquisition fills in many of its existing holes, the company must stay focused on its data integrations and technology offers, all while combining the two parties’ research and consulting services. Strong Performers Come In All Shapes And Sizes ■ Converseon. Converseon offers a combination of technology and services to provide a customized approach to managing and analyzing social data. In 2011, Converseon launched a new dashboard, and the vendor continues to add to its already strong consulting and custom reporting offerings. But, to become a Leader, Converseon must focus on data, both inside its dashboard and out. Converseon — with its strength in consulting services — currently misses the opportunity to extend its offerings by helping its clients integrate social data with their marketing and business data. ■ Synthesio. Synthesio is the smallest and youngest vendor of the list but has one of the larger footprints with enterprises in Europe. Based in Paris, Synthesio takes an internationally focused approach that combines multilingual human analysis on top of its technologies. But Synthesio must look beyond social media to become a Leader. Although its current strengths come from social analytics, research, and consulting, Synthesio may become trapped selling to social media teams. To grow into a Leader, Synthesio must scale its offering across the organization. ■ SDL. At the beginning of 2012, SDL — a large global software vendor — acquired Alterian, which previously offered its SM2 social media analytics dashboard. Now, through the SDL relationship, SM2 remains a popular dashboard but increases its international capabilities and presence. SDL provides a broad variety of social content and a series of technologies to address multiple languages automatically. But for SDL to become a Leader, it must focus on improving its self-service dashboard while dealing with its recent acquisition. ■ Networked Insights. Networked Insights follows the same processes as the other vendors in the market but specializes in a targeted insight delivery: media planning and buying. The vendor built its SocialSense dashboard around these marketing needs, giving it an unrivaled advantage for socially informed media planning and buying but leaving it lacking in some broader social intelligence applications. Networked Insights’ services team also provides strategy and reporting around many marketing and business needs, but its core focus remains in the media space. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 9. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 8 ■ Attensity. Following the acquisition of Biz360 in 2010, Attensity now integrates social media data into its overall text analytics offering. Due to Attensity’s legacy in the unstructured data world, it excels at handling sources beyond just social data and offers integrations into a variety of technology systems. But with Attensity’s data strength come dashboard issues. To become a Leader, Attensity must unify its user experience across its currently fragmented product line, improve its dashboard interface, and provide more of the data analysis tools that social buyers expect. ■ NM Incite. NM Incite is the joint venture between Nielsen’s BuzzMetrics team and McKinsey’s management consulting practice, which offers technology and strategy services to help companies manage social media. NM Incite offers a variety of research and consulting offerings, garnering positive customer references. But while NM Incite continues to excel in its social research practice, it must address a few issues to become a Leader. Most prominently, NM Incite must improve its dashboard offering, improve its data quality, and address its limitations around non-social data. Contenders Make Listening Easy ■ Lithium Technologies. Following the acquisition of Scout Labs in 2010, Lithium added social media monitoring capabilities to its existing social business software suite. Lithium’s core product is its community platform offering, which it also feeds into its monitoring tool. This gives Lithium an advantage for customers of its community platform technology or customers looking for a social technology suite. But Lithium’s strength in integration with its communities is also its problem. By focusing on internal integrations, Lithium lacks external integrations, both with nonsocial data and into other external technology systems. And while Lithium customers reported positive experiences with the dashboard, the vendor must also address its data quality issues. Supplemental Material Online Resource The online version of Figure 2 is an Excel-based vendor comparison tool that provides detailed product evaluations and customizable rankings. Data Sources Used In This Forrester Wave Forrester used a combination of four data sources to assess the strengths and weaknesses of each solution: © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 10. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 9 ■ Hands-on lab evaluations. Vendors spent a half day with Forrester, conducting hands-on evaluations of their products using a scenario-based testing methodology. We evaluated each product using the same scenario, creating a level playing field by evaluating every product on the same criteria. ■ Vendor surveys. Forrester surveyed vendors on their capabilities as they relate to the evaluation criteria. Once we analyzed the completed vendor surveys, we conducted vendor calls where necessary to gather details of vendor qualifications. ■ Product demos. We asked vendors to conduct demonstrations of their products’ functionality. We used findings from these product demos to validate details of each vendor’s product capabilities. ■ Customer reference surveys. To validate product and vendor qualifications, Forrester also conducted reference checks with at least three of each vendor’s current customers. The Forrester Wave Methodology We conduct primary research to develop a list of vendors that meet our criteria to be evaluated in this market. From that initial pool of vendors, we then narrow our final list. We choose these vendors based on: 1) product fit; 2) customer success; and 3) Forrester client demand. We eliminate vendors that have limited customer references and products that don’t fit the scope of our evaluation. After examining past research, user need assessments, and vendor and expert interviews, we develop the initial evaluation criteria. To evaluate the vendors and their products against our set of criteria, we gather details of product qualifications through a combination of lab evaluations, questionnaires, demos, and/or discussions with client references. We send evaluations to the vendors for their review, and we adjust the evaluations to provide the most accurate view of vendor offerings and strategies. We set default weightings to reflect our analysis of the needs of large user companies — and/or other scenarios as outlined in the Forrester Wave document — and then score the vendors based on a clearly defined scale. These default weightings are intended only as a starting point, and we encourage readers to adapt the weightings to fit their individual needs through the Excel-based tool. The final scores generate the graphical depiction of the market based on current offering, strategy, and market presence. Forrester intends to update vendor evaluations regularly as product capabilities and vendor strategies evolve. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 11. For Customer Intelligence Professionals The Forrester Wave™: Enterprise Listening Platforms, Q2 2012 10 Endnotes 1 For more information about social intelligence, see the March 12, 2010, “Defining Social Intelligence” report. 2 Forrester describes a mandate for listening platforms’ future road map. See the January 25, 2012, “It’s Time For Listening Platforms To Grow Up” report. 3 To learn more about the listening platform vendor landscape, see the April 24, 2012, “The Enterprise Listening Platform Landscape” report. © 2012, Forrester Research, Inc. Reproduction Prohibited April 24, 2012
  • 12. About Forrester Global marketing and strategy leaders turn to Forrester to help them make the tough decisions necessary to capitalize on shifts in marketing, technology, and consumer behavior. We ensure your success by providing: n Data-driven insight to understand the impact of changing consumer behavior. n Forward-looking research and analysis to guide your decisions. n Objective advice on tools and technologies to connect you with customers. n Best practices for marketing and cross-channel strategy. for more information To find out how Forrester Research can help you be successful every day, please contact the office nearest you, or visit us at www.forrester.com, For a complete list of worldwide locations, visit www.forrester.com/about. Client support For information on hard-copy or electronic reprints, please contact Client Support at +1 866.367.7378, +1 617.613.5730, or clientsupport@forrester.com. We offer quantity discounts and special pricing for academic and nonprofit institutions. Forrester Focuses On Customer Intelligence Professionals In addition to integrating and managing complex data from initiatives such as customer segmentation, loyalty programs, and Web and mobile analytics, you must deliver multidimensional customer insights that power every marketing decision. Forrester’s subject-matter expertise and deep understanding of your role will help you create forward- thinking strategies; weigh opportunity against risk; justify decisions; and optimize your individual, team, and corporate performance. « CHARLES IBRAHIM, client persona representing Customer Intelligence Professionals Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester works with professionals in 19 key roles at major companies providing proprietary research, customer insight, consulting, events, and peer-to-peer executive programs. For more than 28 years, Forrester has been making IT, marketing, and technology industry leaders successful every day. For more information, visit www.forrester.com. 61648