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Map intent to purchase
Capture intent to cheat, fraud
INFLUENCING PURCHASE
FROM MEASURING 'LIKES' TO
Identify relevant digital channels
1
2
3
Text Analytics
Evaluatefrequency,semanticrelationships, extract
trends,relationshipsandrulesofengagement
Strengths: Fast response, spot unfavorable
postingsquickly
Weaknesses: Can lead to considerable "noise" in
thedata
Attribute Analysis
Product attributes that customers “like” or “dislike”
andtheir responsetowardstheproduct
Strengths: Refined recommendations - Useful for
"cold start" applications where little personalized data
isavailable
Weaknesses: Difficult to determine and classify
attributes
Establish listening post
Social Network-based Recommendations
Facilitaterecommendationsharing
Strengths: Leverage existing social networking sites.
Well suited to new and small businesses lacking an intuitive
customerbase
Weaknesses: Recommendations are not scientifically
determined.Socialnetworkrelationshipscanbesuperficial
Measure impact, Estimate ROI
and extract digital insights
Digital Engagement
Radar*
Predictive modeling and entity mapping create
a holistic profile influencing intent to purchase
Create content using
insights from analytics

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3 Steps to Influence Purchase Decision Through Social Media

  • 1. Map intent to purchase Capture intent to cheat, fraud INFLUENCING PURCHASE FROM MEASURING 'LIKES' TO Identify relevant digital channels 1 2 3 Text Analytics Evaluatefrequency,semanticrelationships, extract trends,relationshipsandrulesofengagement Strengths: Fast response, spot unfavorable postingsquickly Weaknesses: Can lead to considerable "noise" in thedata Attribute Analysis Product attributes that customers “like” or “dislike” andtheir responsetowardstheproduct Strengths: Refined recommendations - Useful for "cold start" applications where little personalized data isavailable Weaknesses: Difficult to determine and classify attributes Establish listening post Social Network-based Recommendations Facilitaterecommendationsharing Strengths: Leverage existing social networking sites. Well suited to new and small businesses lacking an intuitive customerbase Weaknesses: Recommendations are not scientifically determined.Socialnetworkrelationshipscanbesuperficial Measure impact, Estimate ROI and extract digital insights Digital Engagement Radar* Predictive modeling and entity mapping create a holistic profile influencing intent to purchase Create content using insights from analytics