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7/19/2012
1
Social Media Monitoring
Dieter Fensel, Birgit Leiter, Ioannis
Stavrakantonakis
www.sti-innsbruck.at© Copyright 2008 STI INNSBRUCK www.sti-innsbruck.at
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
2
7/19/2012
2
Introduction
• Given the increasingly large number of consumers using social media,
enterprises cannot ignore the power that is weaved within its networks.
• They need to be• They need to be
– Present in the relevant communication channels
– Aware of what is discussed about their products and services
Therefore Social Media Monitoring is indispensible
• Social Media Monitoring Tools enable enterprises to have access to real
customers’ opinions, complains and questions at real time in a highly
scalable way.
www.sti-innsbruck.at 3
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
4
7/19/2012
3
What is Social Media Monitoring?
Definition*
Social Media Monitoring is the continuous systematic observation and
analysis of social media networks and social communities It supports aanalysis of social media networks and social communities. It supports a
quick overview and insight into topics and opinions on the social web.
www.sti-innsbruck.at
*http://de.wikipedia.org/wiki/Social_Media#Monitoring
5
What is Social Media Monitoring?
• SMM tools facilitate the listening of what people say about various topics in
the social media sphere (blogs, twitter, facebook, etc.)
• Listening: is active, focused, concentrated attention for the purpose of
understanding the meanings expressed by a speaker.
• Hearing: is an accidental and automatic brain response to sound that
requires no effort.
www.sti-innsbruck.at
Are you listening?
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4
What is Social Media Monitoring?
• Harness the wealth of information available online in the form of user-
generated content
• These tools offer means for listening to the social media users, analyzing
and measuring their activity in relation to a brand or enterprise
• Offer access to real customers’ opinions, complaints and questions, in real
time, in a highly scalable way
www.sti-innsbruck.at 7
What is Social Media Monitoring?
The Social Media Monitoring (SMM) tools are NOT
Social Media Dashboard tools. Their goal is NOT to
administrate your social media accounts. But, their
goal is to ENABLE YOU TO LISTEN to what is
being said about certain topics on the web.
www.sti-innsbruck.at 8
7/19/2012
5
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
9
Why do we need the SMM?
• “The direct, unfiltered, brutally honest nature of much online discussion is
gold dust to big companies that want to spot trends, or find out what
customers really think of them.”
Th E i t M h 2006– The Economist, March 2006
• “As control of a brand’s marketing messages—and, indeed, its very
image—migrates from traditional media to social media, companies need to
become increasingly adept at paying attention to how they're being
perceived in the online world.”
Th Ab d G F b 2008
www.sti-innsbruck.at
– The Aberdeen Group, February 2008
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Why do we need the SMM?
• Provide valuable insight from the side of enterprises regarding which
strategy they should employ
• Determine the most effective and ineffective offered features of an enterprise
www.sti-innsbruck.at 11
Why do we need the SMM?
• The speed at which one can investigate a topic of
interest, which greatly exceeds that of a traditional survey
approach.
• Social Media Monitoring is more precise, faster and more
economical than traditional expert panel analysis.
www.sti-innsbruck.at
• Information is conveyed to someone who can absorb,
process and formulate a response – it’s really hearing vs.
listening.
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Why do we need the SMM?
• Reputation management
• Event detection issue and crisis managementEvent detection, issue and crisis management
• Competitor analysis
• Trend and market research plus campaign monitoring
• Influencer detection and customer relationship management
www.sti-innsbruck.at
Influencer detection and customer relationship management
• Product and innovation management
• Manage Word of mouth
13
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
14
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8
Channels to analyze
1. Social networks, e.g.:
• Facebook (Q1 2012):• Facebook (Q1 2012):
– 526 million daily active users
– 3.2 billion Likes and Comments per day
– 500K comments per minute
www.sti-innsbruck.at
– 700K status updates per minute
– 80K wall posts per minute
15
Channels to analyze
1. Social networks, e.g.:
• Twitter:Twitter:
– 200 million Tweets per day (2011)
– 200K Tweets per minute
• LinkedIn: 147 million users
www.sti-innsbruck.at
• Google+: 170 million users
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9
Channels to analyze
2. Sharing networks, e.g.:
• YouTube:YouTube:
– 4 billion videos are viewed a day
– 100 million people take a social action on YouTube every week (likes, shares,
comments, etc)
• Flickr: >6.500 new photos per minute
www.sti-innsbruck.at
• Pinterest:
– 13 million users
– American users spend an average of 97.8 minutes
17
Channels to analyze
3. Email lists
• 2172 million Email users• 2172 million Email users
• 3375 million Active email accounts
• 2.8 million emails per second
www.sti-innsbruck.at
• 90 trillion emails per year
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Channels to analyze
4. Group Communication and Message Boards (e.g. Google Groups,
Yahoo! Groups, Facebook Groups, etc.)
• Forums: 2K posts per minute
• Yahoo! Groups:
– 9 million groups
www.sti-innsbruck.at
– 113 million users
– 933 thousand unique visitors daily
19
Channels to analyze
5. News feeds
• Total Feeds*: 694,311
• Atom Feeds*: 86,496
• RSS feeds*: 438,102 (63% of the total)
www.sti-innsbruck.at
, ( )
*source: http://www.syndic8.com
20
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11
Channels to analyze
6. Blogs:
• >95 million blogs available online95 million blogs available online
• 22K posts per minute
• Tumblr (Q2 2012):
– 55.9 Million blogs
– 23 3 Billion posts
www.sti-innsbruck.at
– 23.3 Billion posts
– 20K posts per minute
• WordPress (Q2 2012)
– 73.724.911 WordPress sites
21
Channels to analyze
7. Traditional mediums:
• TV:• TV:
– 365 TV channels licensed in Germany
• Radio:
– 822 Radio stations in Germany
Print medi ms (ne spapers maga ines)
www.sti-innsbruck.at
• Print mediums (newspapers, magazines)
– 382 Daily newspapers in Germany
– 4180 Weekly magazines in Germany
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Channels to analyze
8. Online News:
• News websites: >25 000• News websites: >25.000
• Online radio stations: >2700 Online radio stations in Germany
www.sti-innsbruck.at 23
Available media channels
MICROBLOGS
FORUMS/NEWSGROUPS
VIDEO SHARING
The
Conversation
SOCIAL NETWORKS
WIKIS
VIDEO SHARING
www.sti-innsbruck.at
PHOTO SHARING
BLOGS MAINSTREAM MEDIA
SOCIAL MEDIA NEWS
AGGREGATORS
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Social Media Monitoring
www.sti-innsbruck.at 25
Available media channels
How many people would you need to manage the chaos of social
media activity and extract valuable insights for your brand?
www.sti-innsbruck.at 26
7/19/2012
14
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
27
Core Features of the SMM tools
A Social Media Monitoring tool should support the following core
features:
• Listening grid
• Data analysis
• Sentiment analysis
www.sti-innsbruck.at
• Historical data
• Dashboard
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Listening grid
SMMs should be able to gather data from many sources and in different forms
(e.g. posts, pictures, videos) and establish a listening grid to capture such data.
• The listening grid focuses on three main aspects:
1. The channels that are monitored (e.g. blogs and micro-blogs, social networks, video and
image websites, etc.);
2. Which countries and languages the tools provide support for; and
3. The topics relevant to the enterprise. Additionally, the listening grid should send alerts to
inform clients (e.g. when post volume increases over a defined threshold or sentiment be-
www.sti-innsbruck.at
( g p
comes very negative).
29
Data analysis
• Having established a listening grid that captures data and posts around the
topics the user is interested in, the next step is to analyze the data and
produce actionable reports and insights for the user of the tool.
• The analysis is of particular importance as it encompasses the methods
used to both filter the gathered data of unwanted information (e.g. spam,
duplicates) and to process it in a way that is meaningful for the enterprise.
The analysis should provide:
– Brand monitoring and reputation management
– Consumer segmentation, customer insight and market research
– Identify specific conversations to join
www.sti-innsbruck.at
– Gather information about competitors
– Support product and service development
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Sentiment analysis
• The effort of finding valuable information in user-generated data is called opinion
mining. Sentiments are determined using elements of computational linguistics, text
analytics, and machine learning elements, such as latent semantic analysis, support
vector machines, Natural Language Processing., g g g
• Main purpose is measuring the attitude, opinion, emotional state, or intended
emotional communication of a speaker or writer.
• A sentiment score can be extremely useful in evaluating a large data set of social
brand mentions, as well as allow enterprises to filter content based on positive or
negative comments, thus isolating the themes or issues that have determined the
developed sentiment.
www.sti-innsbruck.at 31
Sentiment analysis
• The major method of extracting sentiment from user generated content is Natural
Language Processing (NLP). Sometimes called text analytics, data mining or
computational linguistics, NLP refers to the computerized process of automatically
analyzing the meaning of human language.y g g g g
• Pros: The automatic techniques are tireless, fast, consistent (they do not make
random errors), and can be improved over time. They offer comparable results to
humans in real world scenarios.
• Cons: Automated sentiment technology cannot reach the quality of a human
annotator.
www.sti-innsbruck.at 32
7/19/2012
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Historical data
• The user has access only to captured data about
topics that he has requested to monitor. Thus, he
should proactively monitor topics in order to
recognize problems and new opportunities.g p pp
• Access to previously captured data is required in
order to compare the current metrics and reports
related to the monitored topic with any previous
state of it. It is necessary to understand the
improvement of a strategy in the long-run and
through the years.
www.sti-innsbruck.at 33
Historical data
• Exploit the historical data of your monitoring
process in order to figure out the strong points of
your company throughout the years and the points
that hinder the further development.p
• Measure the impact of your various online
marketing campaigns, compare them and modify
them in a productive way.
• Discover actionable insights based on the overall
image of the enterprise and act in the appropriate
www.sti-innsbruck.at
image of the enterprise and act in the appropriate
way.
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Dashboard
• A user interface that organizes and presents information in a manner that is easy to
read and use.
• Quickly captures the big picture of your monitored topics or your brand.
• Offers users graphical representation of the raw data in the form of charts, listings,
and historical graphing of queries and phrases.
• Should be customizable to the needs of the client and
provide a wide range of visualization tools.
• Present information about demographics, trend topics around
the monitored subject and insights in an actionable way.
www.sti-innsbruck.at 35
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
36
7/19/2012
19
SMM tools available in the market
Commercial Tools
• Alterian SM2
• Brandwatch
• Converseon
• Cymfony Maestro
• evolve24 Mirror
• Media Metrics socialMeme
• Meltwater Buzz
www.sti-innsbruck.at
• NM Incite My BuzzMetrics
• Radian6
• Sysomos
• Visible Technologies Intelligence
37
SMM tools available in the market
Alterian SM2
• Storyboard report
Implements the Dashboard concept. A lot of effort is taken to encapsulate SM2 data
into consumable, easy-to-understand results. This new Storyboard report gives users
an infographics-like report that is easily exportable.
• Alerting
Users can set threshold-based alerts whenever overall volume or sentiment changes
www.sti-innsbruck.at
by specific numbers or percentages as compared to a previous time period. When
an alert is initiated, the user will be emailed of the notification with the pertinent
information and a quick link into SM2 with the relevant report details.
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SMM tools available in the market
Alterian SM2
• Historical data
Extensive Social Media Warehouse with historical data containing over 20 billion
social media mentions, blogs, tweets, posts, images and conversations. This data
includes in-depth information for each search result, including 36 types of data
ranging from the date of publication to the physical location of the content creator.
• Sentiment Analysis
www.sti-innsbruck.at
Provides word parsing, weighting, proximity and Natural Language Processing to
enable the most accurate and customizable sentiment analysis.
39
SMM tools available in the market
Brandwatch
• Gathering Data
They have built a large distributed Crawler a program which similarly to howThey have built a large, distributed Crawler – a program which, similarly to how
Google searches the Web, goes and visit websites from all around the world.
But, visits the web in near-real time!
• Cleaning Data
From adverts and navigation text, spam, dates (you can accurately filter your
brand’s mentions by date range, and do not see mentions dating from one year ago!),
duplicates, loose query definition: most of the time, a brand’s name is too generic
to provide relevant results (think Orange or Next). To address this their query
definition engine supports advanced query definition syntax including some special
www.sti-innsbruck.at
definition engine supports advanced query definition syntax, including some special
fields which allow for far more accurate query setups.
• Analysing Data (Sentiment analysis, query matching)
• Presenting Data (Dashboard, API)
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SMM tools available in the market
Brandwatch
• Crawler • Spam filter • Query • Mention • User
www.sti-innsbruck.at
database
• Multiple
crawlers
• Distributed
scalable
architecture
• Change
detection
• Title
extraction
• Content
extraction
• Meta-data
extraction
matching
• Sentiment
analysis
• Topic
extraction
storage
• Text storage
• Text index
• Distributed
scalable
architecture
Interface
• API
41
SMM tools available in the market
MediaMetrics socialMeme
• Monitoringo to g
Monitoring of over 100 million online sources in 48 languages as well as TV and
radio from a single source. TV and Radio content is transformed automatically into
written content which is searched through and analyzed.
• Analysis
Articles are analyzed to identify mutual influences and quantify effects of opinion
leaders. Influential authors, sources and stakeholders are identified. Means to
measure the impact of the campaigns.
www.sti-innsbruck.at
• Dashboard
The tool is web-based and provides an overview of the themes landscape via a user
interface. You can evaluate your communication in comparison to that of your
competitors.
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SMM tools available in the market
Radian6
• Radian6 AnalysisRadian6 Analysis
Regarding the listening, you can choose what channels to monitor, which countries
and languages you are interested in to listen to and the most important of all, what
would you like to listen to and which are the hot topics for you.
• Radian6 Insights
Helps you to go beyond the discovery of posts to uncover true social actionable
insights in real-time.
www.sti-innsbruck.at
• Summary Dashboard
Monitor the health of your brand on the social web in one convenient, pre-configured
application with the Radian6 Summary Dashboard. In one easy-to-read view, learn
more about the volume, overall sentiment, key demographics, influencers and more
around your brand, product or competition.
43
SMM tools available in the market
Radian6
• Engagement Console
The solution to scaling social media engagement across your organization. Thise so ut o to sca g soc a ed a e gage e t ac oss you o ga at o s
desktop application helps your company listen, engage, and measure your outreach
across teams and departments.
• Mobile iPhone app
Information today moves faster than ever before, and since the social web doesn’t
stop when you’re away from your desk, you need to remain aware of the
conversations around your brand at all times.
www.sti-innsbruck.at
• API and extensions
additional flexibility to the social data pulled from Insights and the Engagement
Console through our API and integrations with external applications
• >3,000 clients – including over half of the Fortune 100 companies
44
7/19/2012
23
SMM tools available in the market
Social Media Monitoring
Market
The available Social MediaThe available Social Media
Monitoring tools that are available
in the market have been reviewed
by various organizations and
marketing research laboratories.
The SMMs come in different
shapes and sizes in order to
fulfill the requirements of potential
consumers of their services.
www.sti-innsbruck.at
Most of the tools cover the core
features that have been presented
in the previous slides.
Source: Forrester Research
Listening platforms Q3 ‘10
45
SMM tools available in the market
Free Tools
• Addict-o-matic
P• Boardreader
• Google Alerts
• HyperAlerts
• Klout
• Netvibes
• Social Mention
• Trackur
Pros:
• Cost-efficient alternative
Cons:
• Limited reports
• Limited channel-coverage
• Limited functionality (e.g. workflow
www.sti-innsbruck.at
• Twazzup
• WhosTalkin
• Yahoo Pipes
Limited functionality (e.g. workflow
management, dashboard)
46
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24
SMM tools available in the market
Disadvantages of free tools
• Free tools are free of support service.
• There is no guarantee concerning the availability of the service.
• Functions are often limited to quantitative/statistical reports.
• Complex analysis (e.g. automated sentiment detection) may not be available for
languages other than English.
• Many are point solutions considering few or only one platform (e.g. Twitter).
• Services that claim to search the entire web do not reveal which sources are
• really included.
www.sti-innsbruck.at
• To get a comprehensive overview several free services must be
• combined.
• Results of free tools have to be saved and archived in user-defined structures and
formats.
• Workflow-functionality is usually not available.
47
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
48
7/19/2012
25
Social Media Monitoring
Social Media
Monitoring
Multi-
Channel
Publishing
www.sti-innsbruck.at 49
Next Step: Response!
Response! Engage!
• Customers need answers to their questions and you need to defend your brand on
the negative comments in the social web sphere.the negative comments in the social web sphere.
• By being authentic, transparent, and operating with integrity, you will successfully
engage your market and a build community of advocates who will spread your
message virally in your market.
• The engagement concept refers to the ability of the tool to support reaction with the
social media posts. Many tools today offer the integrated possibility to reply to posts
and follow up to any mention, complaint or question that is needed or has some
opportunities.
www.sti-innsbruck.at 50
7/19/2012
26
Next Step: Response!
Example scenario
• Consider the case of a hardware company that sells laptops.
• A customer has an issue with his laptop and expresses his frustration via the social
media.
• The hardware company is able to listen to the complaint of this customer in real time
as they are using a Social Media Monitoring tool to capture discussions in the social
networks that are related to their brand.
• The issue of the customer is forwarded to the helpdesk of the company and they
contact the customer via the same medium in order to communicate their reply and
t hi bl
www.sti-innsbruck.at
answer to his problem.
51
Next Step: Response!
Example scenario 2
• Consider the case of a hotel.
• A customer faces a problem with the hygiene of his room and tweets about it.
• The Social Media monitoring tool of the hotel captures that tweet.
• The social media monitoring administrator would be able to easily check the most
urgent issues and assign them to the responsible person with the right deadline as
well as, suggest which channel to use for the response.
www.sti-innsbruck.at 52
7/19/2012
27
Next Step: Response!
Prerequisite: Workflow management
Workflow refers to the process of assigning, tracking and responding to social media
streams usually in a team environment in order to prevent double responses and missedstreams, usually in a team environment in order to prevent double responses and missed
opportunities. It is crucial for an enterprise tool to promote team productivity through
collaboration.
Main goals:
• Coordinate and track who at our firm is engaged, who said what to whom, who
manages what relationships, etc.
• Consider how to get the right information to the right team on an ongoing basis – as
volume increases ad hoc methods won’t scale.
www.sti-innsbruck.at
• Classify and tag posts, adjust sentiment, and route them for follow up and
engagement.
• Internal exploitation of the external feedback in a productive way. The feedback is
routed to the right department regarding the content.
53
Next Step: Response!
Benefits of response and engagement
• Customer satisfaction: “Satisfaction is simply the foundation, and the minimum
requirement for a continuing relationship with customers ”requirement, for a continuing relationship with customers.
• Word of mouth advertising / advocacy
• Awareness - effectiveness of communication
• Filtering: consumer rates and categorize the market
• Complaint-behavior: highly engaged customers are less likely to complain to other
current or potential customers
• Marketing intelligence: highly engaged
www.sti-innsbruck.at
• Marketing intelligence: highly engaged
customers can give valuable
recommendations for improving the quality of
the products offered
54
7/19/2012
28
Next Step: Response!
Limited engagement availability in the tools
 Alterian SM2
 Brandwatch
 Converseon
 Cymfony Maestro
 evolve24 Mirror
 Meltwater Buzz
 MediaMetrics socialMeme
www.sti-innsbruck.at
 NM Incite My BuzzMetrics
 Radian6
 Sysomos
 Visible Technologies Intelligence
55
Social Media Monitoring
Overview
1. Introduction
2. What is Social Media Monitoring?
3. Why do we need the SMM?
4. Available media channels
5. Core Features of the SMM tools
www.sti-innsbruck.at
6. SMM tools available in the market
7. Next Step: Response!
8. Summary
56
7/19/2012
29
Summary
• Social Media Monitoring is the continuous systematic observation and analysis of
social media networks and social communities.
• Social Media Monitoring tools enable you to listen to what is being said about certain
topics on the web
• We need Social Media Monitoring tools
because they
– provide valuable insights and
– determine the most effective and ineffective
www.sti-innsbruck.at
determine the most effective and ineffective
offered features of an enterprise.
57
Summary
• Channels to be analyzed with the help of SMM-Tools:
– Social networks: e.g. facebook, twitter, linkedIn, google+
– Sharing networks: e.g. youtube, flickr, pinterest
– Email lists
– Group Communication and Message Boards: e.g. Google Groups, Facebook
Groups
– News feeds
Blogs: e g Tumbl WordPress
www.sti-innsbruck.at
– Blogs: e.g. Tumbl, WordPress
– Traditional mediums: e.g. TV, Radio, Print mediums
– Online News
58
7/19/2012
30
Summary
• SMM tools available on the market:
– Commercial Tools: e.g.g
• Alterian SM2
• Brandwatch
• Media Metrics social Meme
• Radian 6
– Free Tools: e.g.
• Boardreader
www.sti-innsbruck.at
• Google Allerts
• Klout
• WhosTalkin
59
Summary
Core features of the SMM tools
M it
• Establish a listening grid that will gather everything said and discussed around your 
brand and the topics that you are interested in
Monitor • Important parameter is the near‐real time gathering of data from the social media
Analyze
• Data mining and opinion mining at the gathered data
• Sentiment analysis with using NLP in order to classify into categories the gathered 
conversations
l
• Visualize the insights generated from the analysis with the dashboard tools
• Communicate internally the insights to the appropriate department
www.sti-innsbruck.at
Results • Communicate internally the insights to the appropriate department 
Engage!
• Respond to the conversations and give the customers what they want
• Take care of the customers and make them feel important
60

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Smm handouts

  • 1. 7/19/2012 1 Social Media Monitoring Dieter Fensel, Birgit Leiter, Ioannis Stavrakantonakis www.sti-innsbruck.at© Copyright 2008 STI INNSBRUCK www.sti-innsbruck.at Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 2
  • 2. 7/19/2012 2 Introduction • Given the increasingly large number of consumers using social media, enterprises cannot ignore the power that is weaved within its networks. • They need to be• They need to be – Present in the relevant communication channels – Aware of what is discussed about their products and services Therefore Social Media Monitoring is indispensible • Social Media Monitoring Tools enable enterprises to have access to real customers’ opinions, complains and questions at real time in a highly scalable way. www.sti-innsbruck.at 3 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 4
  • 3. 7/19/2012 3 What is Social Media Monitoring? Definition* Social Media Monitoring is the continuous systematic observation and analysis of social media networks and social communities It supports aanalysis of social media networks and social communities. It supports a quick overview and insight into topics and opinions on the social web. www.sti-innsbruck.at *http://de.wikipedia.org/wiki/Social_Media#Monitoring 5 What is Social Media Monitoring? • SMM tools facilitate the listening of what people say about various topics in the social media sphere (blogs, twitter, facebook, etc.) • Listening: is active, focused, concentrated attention for the purpose of understanding the meanings expressed by a speaker. • Hearing: is an accidental and automatic brain response to sound that requires no effort. www.sti-innsbruck.at Are you listening? 6
  • 4. 7/19/2012 4 What is Social Media Monitoring? • Harness the wealth of information available online in the form of user- generated content • These tools offer means for listening to the social media users, analyzing and measuring their activity in relation to a brand or enterprise • Offer access to real customers’ opinions, complaints and questions, in real time, in a highly scalable way www.sti-innsbruck.at 7 What is Social Media Monitoring? The Social Media Monitoring (SMM) tools are NOT Social Media Dashboard tools. Their goal is NOT to administrate your social media accounts. But, their goal is to ENABLE YOU TO LISTEN to what is being said about certain topics on the web. www.sti-innsbruck.at 8
  • 5. 7/19/2012 5 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 9 Why do we need the SMM? • “The direct, unfiltered, brutally honest nature of much online discussion is gold dust to big companies that want to spot trends, or find out what customers really think of them.” Th E i t M h 2006– The Economist, March 2006 • “As control of a brand’s marketing messages—and, indeed, its very image—migrates from traditional media to social media, companies need to become increasingly adept at paying attention to how they're being perceived in the online world.” Th Ab d G F b 2008 www.sti-innsbruck.at – The Aberdeen Group, February 2008 10
  • 6. 7/19/2012 6 Why do we need the SMM? • Provide valuable insight from the side of enterprises regarding which strategy they should employ • Determine the most effective and ineffective offered features of an enterprise www.sti-innsbruck.at 11 Why do we need the SMM? • The speed at which one can investigate a topic of interest, which greatly exceeds that of a traditional survey approach. • Social Media Monitoring is more precise, faster and more economical than traditional expert panel analysis. www.sti-innsbruck.at • Information is conveyed to someone who can absorb, process and formulate a response – it’s really hearing vs. listening. 12
  • 7. 7/19/2012 7 Why do we need the SMM? • Reputation management • Event detection issue and crisis managementEvent detection, issue and crisis management • Competitor analysis • Trend and market research plus campaign monitoring • Influencer detection and customer relationship management www.sti-innsbruck.at Influencer detection and customer relationship management • Product and innovation management • Manage Word of mouth 13 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 14
  • 8. 7/19/2012 8 Channels to analyze 1. Social networks, e.g.: • Facebook (Q1 2012):• Facebook (Q1 2012): – 526 million daily active users – 3.2 billion Likes and Comments per day – 500K comments per minute www.sti-innsbruck.at – 700K status updates per minute – 80K wall posts per minute 15 Channels to analyze 1. Social networks, e.g.: • Twitter:Twitter: – 200 million Tweets per day (2011) – 200K Tweets per minute • LinkedIn: 147 million users www.sti-innsbruck.at • Google+: 170 million users 16
  • 9. 7/19/2012 9 Channels to analyze 2. Sharing networks, e.g.: • YouTube:YouTube: – 4 billion videos are viewed a day – 100 million people take a social action on YouTube every week (likes, shares, comments, etc) • Flickr: >6.500 new photos per minute www.sti-innsbruck.at • Pinterest: – 13 million users – American users spend an average of 97.8 minutes 17 Channels to analyze 3. Email lists • 2172 million Email users• 2172 million Email users • 3375 million Active email accounts • 2.8 million emails per second www.sti-innsbruck.at • 90 trillion emails per year 18
  • 10. 7/19/2012 10 Channels to analyze 4. Group Communication and Message Boards (e.g. Google Groups, Yahoo! Groups, Facebook Groups, etc.) • Forums: 2K posts per minute • Yahoo! Groups: – 9 million groups www.sti-innsbruck.at – 113 million users – 933 thousand unique visitors daily 19 Channels to analyze 5. News feeds • Total Feeds*: 694,311 • Atom Feeds*: 86,496 • RSS feeds*: 438,102 (63% of the total) www.sti-innsbruck.at , ( ) *source: http://www.syndic8.com 20
  • 11. 7/19/2012 11 Channels to analyze 6. Blogs: • >95 million blogs available online95 million blogs available online • 22K posts per minute • Tumblr (Q2 2012): – 55.9 Million blogs – 23 3 Billion posts www.sti-innsbruck.at – 23.3 Billion posts – 20K posts per minute • WordPress (Q2 2012) – 73.724.911 WordPress sites 21 Channels to analyze 7. Traditional mediums: • TV:• TV: – 365 TV channels licensed in Germany • Radio: – 822 Radio stations in Germany Print medi ms (ne spapers maga ines) www.sti-innsbruck.at • Print mediums (newspapers, magazines) – 382 Daily newspapers in Germany – 4180 Weekly magazines in Germany 22
  • 12. 7/19/2012 12 Channels to analyze 8. Online News: • News websites: >25 000• News websites: >25.000 • Online radio stations: >2700 Online radio stations in Germany www.sti-innsbruck.at 23 Available media channels MICROBLOGS FORUMS/NEWSGROUPS VIDEO SHARING The Conversation SOCIAL NETWORKS WIKIS VIDEO SHARING www.sti-innsbruck.at PHOTO SHARING BLOGS MAINSTREAM MEDIA SOCIAL MEDIA NEWS AGGREGATORS 24
  • 13. 7/19/2012 13 Social Media Monitoring www.sti-innsbruck.at 25 Available media channels How many people would you need to manage the chaos of social media activity and extract valuable insights for your brand? www.sti-innsbruck.at 26
  • 14. 7/19/2012 14 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 27 Core Features of the SMM tools A Social Media Monitoring tool should support the following core features: • Listening grid • Data analysis • Sentiment analysis www.sti-innsbruck.at • Historical data • Dashboard 28
  • 15. 7/19/2012 15 Listening grid SMMs should be able to gather data from many sources and in different forms (e.g. posts, pictures, videos) and establish a listening grid to capture such data. • The listening grid focuses on three main aspects: 1. The channels that are monitored (e.g. blogs and micro-blogs, social networks, video and image websites, etc.); 2. Which countries and languages the tools provide support for; and 3. The topics relevant to the enterprise. Additionally, the listening grid should send alerts to inform clients (e.g. when post volume increases over a defined threshold or sentiment be- www.sti-innsbruck.at ( g p comes very negative). 29 Data analysis • Having established a listening grid that captures data and posts around the topics the user is interested in, the next step is to analyze the data and produce actionable reports and insights for the user of the tool. • The analysis is of particular importance as it encompasses the methods used to both filter the gathered data of unwanted information (e.g. spam, duplicates) and to process it in a way that is meaningful for the enterprise. The analysis should provide: – Brand monitoring and reputation management – Consumer segmentation, customer insight and market research – Identify specific conversations to join www.sti-innsbruck.at – Gather information about competitors – Support product and service development 30
  • 16. 7/19/2012 16 Sentiment analysis • The effort of finding valuable information in user-generated data is called opinion mining. Sentiments are determined using elements of computational linguistics, text analytics, and machine learning elements, such as latent semantic analysis, support vector machines, Natural Language Processing., g g g • Main purpose is measuring the attitude, opinion, emotional state, or intended emotional communication of a speaker or writer. • A sentiment score can be extremely useful in evaluating a large data set of social brand mentions, as well as allow enterprises to filter content based on positive or negative comments, thus isolating the themes or issues that have determined the developed sentiment. www.sti-innsbruck.at 31 Sentiment analysis • The major method of extracting sentiment from user generated content is Natural Language Processing (NLP). Sometimes called text analytics, data mining or computational linguistics, NLP refers to the computerized process of automatically analyzing the meaning of human language.y g g g g • Pros: The automatic techniques are tireless, fast, consistent (they do not make random errors), and can be improved over time. They offer comparable results to humans in real world scenarios. • Cons: Automated sentiment technology cannot reach the quality of a human annotator. www.sti-innsbruck.at 32
  • 17. 7/19/2012 17 Historical data • The user has access only to captured data about topics that he has requested to monitor. Thus, he should proactively monitor topics in order to recognize problems and new opportunities.g p pp • Access to previously captured data is required in order to compare the current metrics and reports related to the monitored topic with any previous state of it. It is necessary to understand the improvement of a strategy in the long-run and through the years. www.sti-innsbruck.at 33 Historical data • Exploit the historical data of your monitoring process in order to figure out the strong points of your company throughout the years and the points that hinder the further development.p • Measure the impact of your various online marketing campaigns, compare them and modify them in a productive way. • Discover actionable insights based on the overall image of the enterprise and act in the appropriate www.sti-innsbruck.at image of the enterprise and act in the appropriate way. 34
  • 18. 7/19/2012 18 Dashboard • A user interface that organizes and presents information in a manner that is easy to read and use. • Quickly captures the big picture of your monitored topics or your brand. • Offers users graphical representation of the raw data in the form of charts, listings, and historical graphing of queries and phrases. • Should be customizable to the needs of the client and provide a wide range of visualization tools. • Present information about demographics, trend topics around the monitored subject and insights in an actionable way. www.sti-innsbruck.at 35 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 36
  • 19. 7/19/2012 19 SMM tools available in the market Commercial Tools • Alterian SM2 • Brandwatch • Converseon • Cymfony Maestro • evolve24 Mirror • Media Metrics socialMeme • Meltwater Buzz www.sti-innsbruck.at • NM Incite My BuzzMetrics • Radian6 • Sysomos • Visible Technologies Intelligence 37 SMM tools available in the market Alterian SM2 • Storyboard report Implements the Dashboard concept. A lot of effort is taken to encapsulate SM2 data into consumable, easy-to-understand results. This new Storyboard report gives users an infographics-like report that is easily exportable. • Alerting Users can set threshold-based alerts whenever overall volume or sentiment changes www.sti-innsbruck.at by specific numbers or percentages as compared to a previous time period. When an alert is initiated, the user will be emailed of the notification with the pertinent information and a quick link into SM2 with the relevant report details. 38
  • 20. 7/19/2012 20 SMM tools available in the market Alterian SM2 • Historical data Extensive Social Media Warehouse with historical data containing over 20 billion social media mentions, blogs, tweets, posts, images and conversations. This data includes in-depth information for each search result, including 36 types of data ranging from the date of publication to the physical location of the content creator. • Sentiment Analysis www.sti-innsbruck.at Provides word parsing, weighting, proximity and Natural Language Processing to enable the most accurate and customizable sentiment analysis. 39 SMM tools available in the market Brandwatch • Gathering Data They have built a large distributed Crawler a program which similarly to howThey have built a large, distributed Crawler – a program which, similarly to how Google searches the Web, goes and visit websites from all around the world. But, visits the web in near-real time! • Cleaning Data From adverts and navigation text, spam, dates (you can accurately filter your brand’s mentions by date range, and do not see mentions dating from one year ago!), duplicates, loose query definition: most of the time, a brand’s name is too generic to provide relevant results (think Orange or Next). To address this their query definition engine supports advanced query definition syntax including some special www.sti-innsbruck.at definition engine supports advanced query definition syntax, including some special fields which allow for far more accurate query setups. • Analysing Data (Sentiment analysis, query matching) • Presenting Data (Dashboard, API) 40
  • 21. 7/19/2012 21 SMM tools available in the market Brandwatch • Crawler • Spam filter • Query • Mention • User www.sti-innsbruck.at database • Multiple crawlers • Distributed scalable architecture • Change detection • Title extraction • Content extraction • Meta-data extraction matching • Sentiment analysis • Topic extraction storage • Text storage • Text index • Distributed scalable architecture Interface • API 41 SMM tools available in the market MediaMetrics socialMeme • Monitoringo to g Monitoring of over 100 million online sources in 48 languages as well as TV and radio from a single source. TV and Radio content is transformed automatically into written content which is searched through and analyzed. • Analysis Articles are analyzed to identify mutual influences and quantify effects of opinion leaders. Influential authors, sources and stakeholders are identified. Means to measure the impact of the campaigns. www.sti-innsbruck.at • Dashboard The tool is web-based and provides an overview of the themes landscape via a user interface. You can evaluate your communication in comparison to that of your competitors. 42
  • 22. 7/19/2012 22 SMM tools available in the market Radian6 • Radian6 AnalysisRadian6 Analysis Regarding the listening, you can choose what channels to monitor, which countries and languages you are interested in to listen to and the most important of all, what would you like to listen to and which are the hot topics for you. • Radian6 Insights Helps you to go beyond the discovery of posts to uncover true social actionable insights in real-time. www.sti-innsbruck.at • Summary Dashboard Monitor the health of your brand on the social web in one convenient, pre-configured application with the Radian6 Summary Dashboard. In one easy-to-read view, learn more about the volume, overall sentiment, key demographics, influencers and more around your brand, product or competition. 43 SMM tools available in the market Radian6 • Engagement Console The solution to scaling social media engagement across your organization. Thise so ut o to sca g soc a ed a e gage e t ac oss you o ga at o s desktop application helps your company listen, engage, and measure your outreach across teams and departments. • Mobile iPhone app Information today moves faster than ever before, and since the social web doesn’t stop when you’re away from your desk, you need to remain aware of the conversations around your brand at all times. www.sti-innsbruck.at • API and extensions additional flexibility to the social data pulled from Insights and the Engagement Console through our API and integrations with external applications • >3,000 clients – including over half of the Fortune 100 companies 44
  • 23. 7/19/2012 23 SMM tools available in the market Social Media Monitoring Market The available Social MediaThe available Social Media Monitoring tools that are available in the market have been reviewed by various organizations and marketing research laboratories. The SMMs come in different shapes and sizes in order to fulfill the requirements of potential consumers of their services. www.sti-innsbruck.at Most of the tools cover the core features that have been presented in the previous slides. Source: Forrester Research Listening platforms Q3 ‘10 45 SMM tools available in the market Free Tools • Addict-o-matic P• Boardreader • Google Alerts • HyperAlerts • Klout • Netvibes • Social Mention • Trackur Pros: • Cost-efficient alternative Cons: • Limited reports • Limited channel-coverage • Limited functionality (e.g. workflow www.sti-innsbruck.at • Twazzup • WhosTalkin • Yahoo Pipes Limited functionality (e.g. workflow management, dashboard) 46
  • 24. 7/19/2012 24 SMM tools available in the market Disadvantages of free tools • Free tools are free of support service. • There is no guarantee concerning the availability of the service. • Functions are often limited to quantitative/statistical reports. • Complex analysis (e.g. automated sentiment detection) may not be available for languages other than English. • Many are point solutions considering few or only one platform (e.g. Twitter). • Services that claim to search the entire web do not reveal which sources are • really included. www.sti-innsbruck.at • To get a comprehensive overview several free services must be • combined. • Results of free tools have to be saved and archived in user-defined structures and formats. • Workflow-functionality is usually not available. 47 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 48
  • 25. 7/19/2012 25 Social Media Monitoring Social Media Monitoring Multi- Channel Publishing www.sti-innsbruck.at 49 Next Step: Response! Response! Engage! • Customers need answers to their questions and you need to defend your brand on the negative comments in the social web sphere.the negative comments in the social web sphere. • By being authentic, transparent, and operating with integrity, you will successfully engage your market and a build community of advocates who will spread your message virally in your market. • The engagement concept refers to the ability of the tool to support reaction with the social media posts. Many tools today offer the integrated possibility to reply to posts and follow up to any mention, complaint or question that is needed or has some opportunities. www.sti-innsbruck.at 50
  • 26. 7/19/2012 26 Next Step: Response! Example scenario • Consider the case of a hardware company that sells laptops. • A customer has an issue with his laptop and expresses his frustration via the social media. • The hardware company is able to listen to the complaint of this customer in real time as they are using a Social Media Monitoring tool to capture discussions in the social networks that are related to their brand. • The issue of the customer is forwarded to the helpdesk of the company and they contact the customer via the same medium in order to communicate their reply and t hi bl www.sti-innsbruck.at answer to his problem. 51 Next Step: Response! Example scenario 2 • Consider the case of a hotel. • A customer faces a problem with the hygiene of his room and tweets about it. • The Social Media monitoring tool of the hotel captures that tweet. • The social media monitoring administrator would be able to easily check the most urgent issues and assign them to the responsible person with the right deadline as well as, suggest which channel to use for the response. www.sti-innsbruck.at 52
  • 27. 7/19/2012 27 Next Step: Response! Prerequisite: Workflow management Workflow refers to the process of assigning, tracking and responding to social media streams usually in a team environment in order to prevent double responses and missedstreams, usually in a team environment in order to prevent double responses and missed opportunities. It is crucial for an enterprise tool to promote team productivity through collaboration. Main goals: • Coordinate and track who at our firm is engaged, who said what to whom, who manages what relationships, etc. • Consider how to get the right information to the right team on an ongoing basis – as volume increases ad hoc methods won’t scale. www.sti-innsbruck.at • Classify and tag posts, adjust sentiment, and route them for follow up and engagement. • Internal exploitation of the external feedback in a productive way. The feedback is routed to the right department regarding the content. 53 Next Step: Response! Benefits of response and engagement • Customer satisfaction: “Satisfaction is simply the foundation, and the minimum requirement for a continuing relationship with customers ”requirement, for a continuing relationship with customers. • Word of mouth advertising / advocacy • Awareness - effectiveness of communication • Filtering: consumer rates and categorize the market • Complaint-behavior: highly engaged customers are less likely to complain to other current or potential customers • Marketing intelligence: highly engaged www.sti-innsbruck.at • Marketing intelligence: highly engaged customers can give valuable recommendations for improving the quality of the products offered 54
  • 28. 7/19/2012 28 Next Step: Response! Limited engagement availability in the tools  Alterian SM2  Brandwatch  Converseon  Cymfony Maestro  evolve24 Mirror  Meltwater Buzz  MediaMetrics socialMeme www.sti-innsbruck.at  NM Incite My BuzzMetrics  Radian6  Sysomos  Visible Technologies Intelligence 55 Social Media Monitoring Overview 1. Introduction 2. What is Social Media Monitoring? 3. Why do we need the SMM? 4. Available media channels 5. Core Features of the SMM tools www.sti-innsbruck.at 6. SMM tools available in the market 7. Next Step: Response! 8. Summary 56
  • 29. 7/19/2012 29 Summary • Social Media Monitoring is the continuous systematic observation and analysis of social media networks and social communities. • Social Media Monitoring tools enable you to listen to what is being said about certain topics on the web • We need Social Media Monitoring tools because they – provide valuable insights and – determine the most effective and ineffective www.sti-innsbruck.at determine the most effective and ineffective offered features of an enterprise. 57 Summary • Channels to be analyzed with the help of SMM-Tools: – Social networks: e.g. facebook, twitter, linkedIn, google+ – Sharing networks: e.g. youtube, flickr, pinterest – Email lists – Group Communication and Message Boards: e.g. Google Groups, Facebook Groups – News feeds Blogs: e g Tumbl WordPress www.sti-innsbruck.at – Blogs: e.g. Tumbl, WordPress – Traditional mediums: e.g. TV, Radio, Print mediums – Online News 58
  • 30. 7/19/2012 30 Summary • SMM tools available on the market: – Commercial Tools: e.g.g • Alterian SM2 • Brandwatch • Media Metrics social Meme • Radian 6 – Free Tools: e.g. • Boardreader www.sti-innsbruck.at • Google Allerts • Klout • WhosTalkin 59 Summary Core features of the SMM tools M it • Establish a listening grid that will gather everything said and discussed around your  brand and the topics that you are interested in Monitor • Important parameter is the near‐real time gathering of data from the social media Analyze • Data mining and opinion mining at the gathered data • Sentiment analysis with using NLP in order to classify into categories the gathered  conversations l • Visualize the insights generated from the analysis with the dashboard tools • Communicate internally the insights to the appropriate department www.sti-innsbruck.at Results • Communicate internally the insights to the appropriate department  Engage! • Respond to the conversations and give the customers what they want • Take care of the customers and make them feel important 60