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Social media analytics

How can social media analytics improve people, teams, or organisational effectiveness?

AccessibleOperationalTeam3 min read
Contents

The collection and analysis of social-platform data to understand audiences, customer experience, reputation and commercial behaviour.

Social media analytics gathers and interprets data created on social platforms, blogs and related digital channels. People use mobile devices to publish reactions, questions and experiences about organisations, products and services. Analysed responsibly, those conversations can reveal customer concerns, emerging needs and changes in brand perception.

When to use it

Social media is embedded in the daily lives of a large population, and public conversation can change quickly. Monitoring should therefore match the speed and risk of the business question rather than occur only during an annual review.

Large organisations may operate dedicated command centres, while smaller businesses can use a focused set of queries and reports. The relevant discipline is the same: connect what is observed with a decision or response.

Useful questions include:

  • What are customers saying about the organisation, brand or product?
  • Does the conversation indicate satisfaction or dissatisfaction with an interaction?
  • Are people raising service problems that the organisation can resolve?
  • Who is seeing and responding to the organisation’s own posts?
  • Do follower, connection or like counts represent a relevant and engaged audience?

Origins

Social media analytics grew from web analytics, online community research, text mining and customer-listening practice as social platforms made large volumes of user-created content available for analysis. No single person invented the field. Its methods continue to evolve with platform access rules, privacy expectations and advances in language analysis.

What it is

Why it matters

Social media analytics can provide a near-real-time view of what customers and potential customers choose to say publicly. It is observational evidence, not a representative survey of an entire market, but it can be unusually timely and specific.

Insights may support revenue growth by exposing Unmet Need Analytics, reduce service cost by detecting recurring issues and protect reputation by enabling an early response. Product teams can also observe unprompted reactions to an offer. Unlike a moderated Focus Groups, where participants may soften criticism or try to please the facilitator, social posts can contain more spontaneous language. That candour may be useful, but it can also be exaggerated, coordinated or unrepresentative. The purpose is to create evidence for action, not to treat every post as truth.

How to use it

Start with a business question, define the relevant population and channels, then collect permitted text and engagement data. Apply Data Mining to locate commercially relevant patterns.

Text Analytics can identify themes, entities and recurring questions, while Sentiment Analysis estimates whether language is positive, negative or neutral. Validate automated classifications against human-labelled examples, especially for sarcasm, slang and multilingual content. Track meaningful trends at a cadence suitable for the decision. Platform dashboards and third-party tools may help, but availability, definitions and data access can change; document what each metric actually measures.

Practical example

Since 2010, Gatorade has operated a social media command centre at its Chicago headquarters. The team monitored the brand across social platforms and blogs and used the resulting signals to guide rapid decisions.

During the “Gatorade has evolved” campaign, conversation showed strong interest in a song by David Banner. Within 24 hours, the company worked with the artist to release a full-length version for followers on Twitter and Facebook. The command centre also informed landing-page optimisation so that social audiences were directed to stronger-performing content. Gatorade reported a 250 per cent increase in engagement with product education, much of it video, and a reduction in exit rate from 25 to 9 per cent.1 Treat these as historical company-reported results rather than a guaranteed effect of command-centre monitoring.

Top practical tip

Design an escalation route before monitoring begins. A timely signal creates value only when an authorised team can investigate, respond and resolve the underlying issue quickly.

Top pitfall

Do not substitute follower or like counts for customer value. Check who the audience represents, what behaviour follows engagement and whether the sample is biased before drawing a commercial conclusion.

Further reading

To learn more about social media analytics see for example:

  • Sponder, M. (2013) Social Media Analytics: Effective Tools for Building, Interpreting, and Using Metrics, New York: McGraw-Hill
  • Russell, M.A. (2013) Mining the Social Web: Data Mining Facebook, Twitter, LinkedIn, Google+, GitHub, and More, 2nd edition, Sebastopol, CA: O’Reilly Media
  • Danneman, N. and Heimann, R. (2014) Social Media Mining with R, Birmingham, UK: Packt Publishing
  • http://www.sas.com/en_us/software/customer-intelligence/socialmedia-analytics.html
  • http://venturebeat.com/2013/12/20/top-10-social-media-analytics-toolsthe-venturebeat-index/
  • http://mashable.com/2012/02/09/social-media-analytics-spreadsheets/
  1. Ostrow,A. (2010) ‘Inside Gatorade’s Social Media Command Center Mashable’, http:// mashable.com/2010/06/15/gatorade-social-media-mission-control/
  • http://www.salesforce.com/uk/socialsuccess/social-media-how-to-guides/ social-media-analytics-guide-metrics-tools.jsp
  • http://www.goldbachinteractive.com/current-news/technical-papers/ social-media-monitoring-how-it-s-done
  • http://www.entrepreneur.com/article/239029
  • http://www.razorsocial.com/social-media-analytics-tools