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Luiz moutinho social media 1

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Luiz moutinho social media 1

  1. 1. Social Media will no longer be Social Media From the Social-Lites and Mass Mingling to Data Myning and “Biologically Inspired Intelligence”. Are humans adopting Niche Social Networks or turning into anti-social zombies? Prof Luiz Moutinho Foundation Chair of Marketing Adam Smith Business School University of Glasgow, Scotland
  2. 2. Social Media is not a Strategy. It is one of the communication tools available. It is a great and potentially personal tool, but do not stop there.
  3. 3. SOCIAL-LITES Are all about discovery, as consumers become curators ;actively broadcasting, remixing, compiling, connecting, sharing and recommending content, products, purchases, experiences.
  4. 4. THE F – FACTOR • This is F for friends, fans and followers, who influence consumers „purchasing decisions in evermore sophisticated ways. • It offers the promise of a consumption arena that is more efficient, more relevant, and more interesting than before. • F – DISCOVERY • F – RATED • F – FEEDBACK • F – TOGETHER F - ME
  5. 5. The downside about social media: no one has this thing really figured out, yet. The upsides about the social media: no one has this thing really figured out, yet
  6. 6. Ultimately, brands need to have a role in society. The best way to have a role in society is to understand how people are talking about things in real time.
  7. 7. Social Media can be an enabler and an accelerator of existing core capabilities, values, attributes and plans. It can even be a catalyst for change. But it cannot magically create what does not exist.
  8. 8. Social Media will no longer be “Social Media”…… Rather, it will be an integrated, unquestionable component of your online and offline experience!
  9. 9. Marketers Have It Wrong: Forget Engagement, Consumers Want Simplicity In a world where brands are constantly fighting for attention, many marketers are asking themselves a key question: What is the best way to impact purchase decision and brand loyalty? The answer they are likely arriving at is that they should engage potential and current customers via social media. After all, consumers are all about social media, right? Wrong.
  10. 10. The IBM Institute for Business Value found that 60-65% of business leaders believe that consumers follow their brands on social media sites because they want to be part of a community. Only 25-30% of consumers agree. On top of trying too hard to engage with consumers via social media, marketers are generally pushing out too much information, causing people to over-think purchase decisions and making them more likely to change their minds about a product, be less confident in their choice and less likely to remain loyal to the brand.
  11. 11. MASS MINGLING Why the online revolution is fuelling an ever-increasing range of “real world” meet-ups. Technology has not turned entire generations into homebound, anti-social zombies. Au contraire……
  12. 12. NICHE SOCIAL NETWORKS • Small is the new Big • Social Media is becoming increasingly personalised • Internet users are increasingly seeking connections and content that filter out the “noise” and focus on online conversations.
  13. 13. Dwindling budgets suddenly make low-cost social media look like the pretty girl at the ball…… The recession will force revenue results out of social technologies.
  14. 14. Intuitive Ubiquitous The Future of the Dynamic Social Media Hard-Wired Into Business Seamless Models
  15. 15. CONTENT IS COMMODITY • You have to provide more than content. • Organising and filtering content will become big business. • Social networks constructed from semantic similarity captures actual friendship. • Folksonomies – classification system,collaborative tagging, social classification,social indexing, social tagging. Digital object tagging. Collected intelligence. • The Democratisation of MetaData
  16. 16. NEW SOCIAL MEDIA INTELLIGENCE TOOLS • To learn the meaning and context of data in a way that is similar to humans. Called “Biologically inspired intelligence”. Machine Learning, useful for understanding complex, unstructured information. • Application Programming Interface (API) for building learning machines. Adaptive holosemantic data space with semiotic capabilities. Sense-making capabilities for semantic discovery, lightweight ontologies, knowledge collaboration, sentiment analysis, AI and data mining. “Topic-Mapper” • Gnostech.com
  17. 17. END-USER COMPUTING TRENDS HIGH Bandwidth Resolution Text 2D Graphics Processing Power Individual Video Game Micro Virtual Worlds 3D, 4D and NewsGroups Movement Group Gopher Text Collaboration Text, Video, Voice LOW HIGH Graphic Intensity User Engagement Collaboration
  18. 18. DATA MYNING • If data is the new resource, expect consumers to start demanding their share of its value. • Big data discussion. The value of customer data to businesses. Now, savvy consumers are reversing the flow: seeking to own and make the most of their lifestyle data, and turning to brands to proactively offer better solutions.
  19. 19. In the first decade of the 21st century, new media technologies for social networking such as Facebook, MySpace, Twitter and YouTube began to transform the social, political and informational practices of individual and institutions across the globe, inviting a philosophical response from the community of applied ethicists and philosophers of technology.
  20. 20. WHAT IS SOCIAL MEDIA REALLY ABOUT? • Disclosure • Transparency • Authenticity • Trust Spare a thought for Ethics • Be transparent • Give something back • Trust is paramount • Do not jeopardise that trust
  21. 21. SOCIAL NETWORKS are not about websites. They are about experiences.

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