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	<title>trendpreneur &#187; problems</title>
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	<link>http://www.trendpreneur.com</link>
	<description>innovating is a lifestyle</description>
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		<title>What&#8217;s the elephant in your room?</title>
		<link>http://www.trendpreneur.com/startups/whats-the-elephant-in-your-room/</link>
		<comments>http://www.trendpreneur.com/startups/whats-the-elephant-in-your-room/#comments</comments>
		<pubDate>Fri, 27 Nov 2009 06:06:04 +0000</pubDate>
		<dc:creator>jennie</dc:creator>
				<category><![CDATA[Startups]]></category>
		<category><![CDATA[elephant]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[problems]]></category>
		<category><![CDATA[weakness]]></category>

		<guid isPermaLink="false">http://www.trendpreneur.com/?p=847</guid>
		<description><![CDATA[
Elephants, stealthy creatures one and all, have been cropping up a lot lately, so I&#8217;m running with the theme.
What&#8217;s the elephant in your room?
We all have big, nasty problems that are either horribly current or just around the corner. We know they need to be dealt with, tackled, met head-on with a stiff upper lip; [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-848" title="Objects in the mirror may be larger than they appear! (exfordy on flickr, CC)" src="http://www.jennielees.com/wp-content/uploads/2009/11/123900378_e668dd966e.jpg" alt="Objects in the mirror may be larger than they appear! (exfordy on flickr, CC)" width="500" height="345" /></p>
<p>Elephants, stealthy creatures one and all, have been cropping up a lot lately, so I&#8217;m running with the theme.</p>
<p><strong>What&#8217;s the elephant in your room?</strong></p>
<p>We all have big, nasty problems that are either horribly current or just around the corner. We know they need to be dealt with, tackled, met head-on with a stiff upper lip; but instead we choose to pretend they&#8217;re not there, in the hopes they&#8217;ll just go away if we wish hard enough.</p>
<p>Now, sometimes this does work! Usually when the problem is time-based, or contingent on a decision, and the &#8220;la la la&#8221; approach wastes enough time to make it all moot. Oh, I&#8217;ve been guilty of this, but I always feel terrible afterwards. Instead of facing up to the situation, I just let it&#8230; happen without me. Instead of taking the risk, I wait until the risk isn&#8217;t a question, and convince myself I wanted the safe route all along. (So even when the approach works, it doesn&#8217;t work satisfactorily).</p>
<p>I started feeling a lot better about the elephants in my life when I started confronting them, though. It turns out half the time they&#8217;re not even elephants at all, but out of the corner of my eye, when I&#8217;m looking the other way, they seem gargantuan, insurmountable and infinite. Turns out when you start looking closer, they&#8217;re really quite manageable.</p>
<p><img class="aligncenter size-full wp-image-851" title="untuvikko - flickr" src="http://www.jennielees.com/wp-content/uploads/2009/11/3582514596_16f17da883.jpg" alt="untuvikko - flickr. not CC! but it was so cute I had to nabble it." width="500" height="335" /></p>
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		</item>
		<item>
		<title>Social media monitoring &#8211; listening is The Future</title>
		<link>http://www.trendpreneur.com/online/social-media-online/social-media-monitoring-is-the-future/</link>
		<comments>http://www.trendpreneur.com/online/social-media-online/social-media-monitoring-is-the-future/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 09:36:56 +0000</pubDate>
		<dc:creator>jennie</dc:creator>
				<category><![CDATA[Social Media]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[humans]]></category>
		<category><![CDATA[msm09]]></category>
		<category><![CDATA[problems]]></category>
		<category><![CDATA[realtime]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[social media monitoring]]></category>

		<guid isPermaLink="false">http://www.trendpreneur.com/?p=802</guid>
		<description><![CDATA[
So, yesterday&#8217;s Monitoring Social Media conference is over, and all I have to show for it is a heightened case of RSI (ok, ok, I jest). My live notes from the talk are here &#8211; Alice, you were an inspiration, I just had to call up mental images of your GDC typing-at-the-speed-of-light &#8211; how could [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><a href="http://oursocialtimes.com/"><img class="aligncenter" title="MSM (OurSocialTimes)" src="http://oursocialtimes.com/wp-content/uploads//2009/11/monitoring-social-media_logo_large.jpg" alt="" width="400" height="91" /></a></p>
<p><a href="http://oursocialtimes.com/"></a>So, yesterday&#8217;s <a href="http://www.monitoring-social-media.com/msm09-event-programme.html">Monitoring Social Media</a> conference is over, and all I have to show for it is a heightened case of RSI (ok, ok, I jest). My <a href="http://www.trendpreneur.com/tag/msm09/">live notes from the talk are here</a> &#8211; <a href="http://www.wonderlandblog.com">Alice</a>, you were an inspiration, I just had to call up mental images of your GDC typing-at-the-speed-of-light &#8211; how could I <em>not</em> publish the notes I was already taking? All that training at videogame events has certainly paid off.</p>
<p>But now it&#8217;s time to reflect and put together some marginally more coherent thoughts on social media and the lessons of the day.</p>
<p><strong>Lesson One. Social media is people.</strong></p>
<p>We&#8217;re finally starting to <em>get it</em>. Social media isn&#8217;t about numbers, or spreadsheets, or models, or calculating ROI to the last tenth of a decimal point. It&#8217;s about people, and you can&#8217;t (always) chain people down in tidy little tickyboxes and assign numbers to them.</p>
<p style="text-align: center; "><img class="alignnone" title="Prisoner" src="http://newcentrist.files.wordpress.com/2009/01/prisoner460.jpg" alt="" width="460" height="300" /></p>
<p>We are not numbers.</p>
<p style="text-align: left; ">This causes conflict in organisations that are used to the &#8216;old&#8217; ways of doing things and don&#8217;t really understand the &#8216;new&#8217;. The case for the new was presented again and again and again yesterday. Look. We get it. Social media  matters. People matter. It&#8217;s just difficult convincing higher-ups that it&#8217;ll impact the bottom line.</p>
<p style="text-align: left; ">There were a few attempts to get some slightly more detailed answers on this subject. What exactly <em>is</em> the investment, when we talk ROI? Is it the cost of a tool? The cost of an agency? The cost of people? What will make the higher-ups listen? In the case of STA Travel, it was pointing out the properties of existing customers (that the STA relationship stopped once customers had booked a trip) and making a clear, coherent case for engagement to extend that relationship. But this brings me on to&#8230;</p>
<p style="text-align: left; "><strong>Lesson Two. Everyone is different.</strong></p>
<p style="text-align: center; ">
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</p>
<p style="text-align: left; ">We&#8217;re all human, and so naturally we want easy answers. But <em>there are none</em>. It seems that currently the range of social media monitoring tools (in terms of software offerings) is very much an off-the-shelf jobbie &#8211; obviously customisable to some extent within that, but still, off-the-shelf. Indeed, some companies with freemium/SaaS products seem to be encouraging this approach.</p>
<p style="text-align: left; ">But if I learned nothing yesterday, it&#8217;s that everyone&#8217;s totally different, and that works for one client won&#8217;t work at all for another. Enter agencies, and humans (see point 3), and customisation, and tailoring. Hell, the agency behind Skype built a dashboard because <em>nothing out there fit their needs!</em> Weren&#8217;t all the SMM providers in the audience cringing at that? Speakers repeatedly said that today&#8217;s tools aren&#8217;t really that great &#8211; but some speakers praised them! What a load of mixed messages.</p>
<p style="text-align: left; ">There is method to this madness, though, and it&#8217;s all about the human. People praising the tools probably used them well for their specific needs &#8211; people dissin&#8217; them probably found that they were looking for something that the tools didn&#8217;t do. One thing seems sure though, the tools should work for the clients, rather than the 37signals-etc approach of &#8216;fit your thinking into the way the tool does it&#8217;.</p>
<p style="text-align: left; "><strong>Lesson 3. Automatic isn&#8217;t good enough.</strong></p>
<p style="text-align: center; "><strong><img class="alignnone" title="SKYNET AAARGH" src="http://www.kevhines.com/media/skynet.jpg" alt="" width="400" height="320" /></strong></p>
<p style="text-align: left; ">This is obviously something I&#8217;m interested in, but it was almost disheartening to hear it repeated so much.</p>
<p style="text-align: left; ">Basically, we need humans. We&#8217;ll always need humans. Tools help us cut down the humans&#8217; time involvement, but there seems this fundamental mistrust &#8211; sentiment is wrong too much and too often, and even humans disagree 15% of the time (bang in line with the kappas I&#8217;ve seen in academia).</p>
<p style="text-align: left; ">So even if there were a brilliant, perfect, 100% reliable sentiment detection system, <em>it would be wrong 15% of the time</em>, and so humans would want to check <em>every</em> message just in case. And if all you want is a &#8216;temperature&#8217; type analysis, well, free tools already do that, and even allowing for error they&#8217;re just about good enough.</p>
<p style="text-align: left; ">Lovely.</p>
<p style="text-align: left; "><strong>Lesson 4. We&#8217;re too close to the curve to see what&#8217;s around the corner.</strong></p>
<p style="text-align: center; "><strong><a href="http://tvtropes.org/pmwiki/pmwiki.php/Main/TheFuture"><img class="aligncenter size-medium wp-image-804" title="The Future" src="http://www.trendpreneur.com/wp-content/uploads/2009/11/future_city_downtown-300x189.jpg" alt="The Future" width="300" height="189" /></a><br />
</strong></p>
<p style="text-align: left; ">The whole social media landscape is changing, and the monitoring stuff is just starting to catch up. Two years ago it was rubbish, nowadays it&#8217;s OK, and in two years it&#8217;ll be great. But the future&#8217;s not about technology, it&#8217;s about business intelligence, business process, and getting companies to embrace social media and its feedback loops at every level.</p>
<p style="text-align: left; ">Because this is going to become such a <em>fundamental</em> part of how we do business, major players are already getting in the act. Search engines are integrating realtime search, so &#8217;social&#8217; SEO &#8211; building social capital &#8211; will become as important as keyword-based SEO. But you can&#8217;t just add in &#8217;social keywords&#8217; &#8211; that concept simply does not transfer.</p>
<p style="text-align: left; ">As well as that, Google and Twitter could well be (hell, let&#8217;s just say it, they <em>are already</em>) developing their own social media monitoring systems. Google Analytics is powerful, but not in a social way &#8211; but it could be. Twitter could launch their own monitoring product and charge us for API use, creating an.. interesting, albeit unlikely, situation. Sure, cross-platform will still be a need, but we&#8217;ve already seen that that need varies so much even by department within a company!</p>
<p style="text-align: left; ">One of the more interesting concepts to come up yesterday was that of an open source framework for monitoring social media, a plug and play approach that everyone could be using in two years &#8211; with a company making money where the hard stuff is, consulting and the human factor. I do wonder if this is perhaps viable, especially adding in outsourced human validation (MTurk) and cross-classification to reduce error.</p>
<p style="text-align: left; ">Anyway, this is certainly all food for thought, and &lt;shameless plug&gt;should give me plenty to talk about at the <a href="http://eu.techcrunch.com/2009/11/06/techcrunch-europe-christmascrunch-its-a-realtime-holiday/">RealTime ChristmasCrunch</a>, at least!&lt;/plug&gt;</p>
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		</item>
		<item>
		<title>#msm09 liveblogging (part 3)</title>
		<link>http://www.trendpreneur.com/online/social-media-online/msm09-liveblog-part-3/</link>
		<comments>http://www.trendpreneur.com/online/social-media-online/msm09-liveblog-part-3/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 14:14:36 +0000</pubDate>
		<dc:creator>jennie</dc:creator>
				<category><![CDATA[Social Media]]></category>
		<category><![CDATA[brandwatch]]></category>
		<category><![CDATA[customers]]></category>
		<category><![CDATA[monitoring social media 09]]></category>
		<category><![CDATA[msm09]]></category>
		<category><![CDATA[patterns]]></category>
		<category><![CDATA[problems]]></category>
		<category><![CDATA[skype]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[trends]]></category>

		<guid isPermaLink="false">http://www.trendpreneur.com/?p=767</guid>
		<description><![CDATA[The afternoon kicks off with a talk about data and customer understanding from Beyond Analysis. The entire afternoon&#8217;s talks are behind the jump &#8211; usual disclaimer, these are unedited notes, etc.

- looking back we can predict the future &#8211; appropriate to supermarket etc, lots of customers, lots of regular interaction &#8211; but what if you&#8217;re [...]]]></description>
			<content:encoded><![CDATA[<p>The afternoon kicks off with a talk about data and customer understanding from Beyond Analysis. The entire afternoon&#8217;s talks are behind the jump &#8211; usual disclaimer, these are unedited notes, etc.</p>
<p><span id="more-767"></span></p>
<p>- looking back we can predict the future &#8211; appropriate to supermarket etc, lots of customers, lots of regular interaction &#8211; but what if you&#8217;re not? what if you see your customers infrequently?<br />
- understand consumers when they&#8217;re not in the store<br />
- infrequent/irregular transactions &gt; hard to draw conclusions, insufficient data.<br />
- but looking at behaviour data -&gt; what customers are really doing. actions &gt; words. brand perception doesn&#8217;t always line up with market share (chewing gum).<br />
- questionnaires channel consumer into a specific frame of mind. [tweet; this isn't how market researchers do it any more]<br />
- but what if we don&#8217;t have the consumer in the room? -&gt; smm<br />
- [... more stuff that isn't new, people use social media, it's growing, etc]<br />
- dell example<br />
- orange. saw no association between a &#8216;problems&#8217; website and internal customer service. analysed it all. magic.<br />
- comcast [cares].<br />
- challenges; high level of human input even in automated tools &#8211; labour intensive. AI engines &#8211; orange the company vs orange the fruit. How much credence to give to findings. Context &#8211; blog with 1 important reader&#8230;<br />
- no data set can help you fully understand your customer when considered in isolation. link them together &#8211; context + foresight = true insight. benefits of 360 view are seen by a lot of companies.<br />
- social media = data collection tool as well as comm channel. note danger = hyperbole around SM may prevent customers using it in a meaningful way.<br />
- B&amp;Q &#8211; pulls together 20k data sets from organisation to inform how company is growing. SMM is one of the data sets. context matters.</p>
<p>- Q- single most important thing brand should be doing &#8211; think about how social media sits among other data within the organisation &gt; how it&#8217;s going to add to the picture. &#8220;is it on a par with other data?&#8221; used correctly, can be more powerful.<br />
- Q- ROI of analysis tools &#8211; Within overall context they&#8217;re reasonably priced. ROI is function of whether organisation set up to correctly use the tool.</p>
<p>Next up &#8211; Movember participant Giles Palmer on data. CEO Brandwatch.</p>
<p>[story about company past - had an idea, built something, etc]</p>
<p>what do SMM tools do<br />
- gather search analyse present collaborate integrate.</p>
<p>gather<br />
- how do you get all the information?<br />
- having access to the data is an extremely difficult data challenge. they don&#8217;t buy in data. buying in is pretty smart, isn&#8217;t cheap to do it inhouse. use data aggregators. even if you buy it you have to store it &#8211; challenges of distributed data. it&#8217;s a massive exercise.</p>
<p>search<br />
- it&#8217;s not the same as normal search. things like proximity search etc. google and friends rank by relevance &#8211; don&#8217;t have to worry about the long tail, less relevant hits buried deeper in. but in SMM you do care about long tail. there is no unimportant data. build up search strings &#8211; boolean operators &#8211; example of amazingly complex Shell string (mostly -&#8221;nut shell&#8221;, -&#8221;shell-shock&#8221; etc).</p>
<p>analyse<br />
- structured [no. comments, no. links, author name..] and unstructured data<br />
- challenge &#8211; doing it every day &#8211; every page has a different structure..<br />
- unstructured data is even harder &#8211; text means different things to different people. sentiment and topic/theme analysis. over-claiming/jargon that goes on in this area.</p>
<p>sentiment<br />
- sample 400k web pages, 1k topics, analysed by humans: 58% neutral, 28% pos, 14% neg.<br />
- top brands in october &#8211; google, MS, sony, ebay, BBC (sentiment*volume); brighton, hershey, x factor, talent shows, fedex (sentiment avg)<br />
- people don&#8217;t agree with each other all the time. in their tests &#8211; over 1k items, people agree 85% of the time. [this is inline with academic results]<br />
- how do you measure sentiment of millions of web pages (40-50m every day)<br />
- crowdsource? expensive. slow. inconsistent. calculations at 30 articles an hour, £2000 for 10k articles.<br />
- machines? kind of. not as good. machine learning. [not NLP? seems to refer only to bayesian type classification]<br />
- hardest bit isn&#8217;t machines doing SA &#8211; it&#8217;s deciding which words/sentences you send to the machine [feature set]. individual article vs forum posts- which words refer to the subject you&#8217;re trying to sentiment-analyse? bigger impact on sentiment analysis than the classification algorithm.</p>
<p>stats and recommendations<br />
- 650k mentions in 60 industries &#8211; the language per industry varies wildly<br />
- 94% swedish videogames ["fluke"], 50% portuguese telecom<br />
- target 75% but &#8220;bloody difficult&#8221; &#8211; if you classified everything as neutral you&#8217;d get ~60%!<br />
- for small volumes crowdsource, large volumes use machines but look at most important mentions _manually_</p>
<p>Other analysis<br />
- topic analysis, network maps and influence<br />
- topic clouds, network visualisation (they don&#8217;t do it), influencers (&#8220;bloody difficult&#8221;)</p>
<p>Collaborate &amp; Integrate<br />
- passing data within and without organisation &#8211; agencies doing it right now. collaboration around data becoming more important, as is integration throughout the campaigns etc [see earlier presentations]</p>
<p>free giveaway! www.brandwatch.net/4 &#8211; 50 free beta testing accounts for a month.</p>
<p>[side note - people confusing semantic (understanding) with sentiment (tone) analysis]</p>
<p>Q&amp;A &#8211; real challenge re sentiment is not algorithms but which words actually talk about you. [relevance.]<br />
- Q- access to data &#8211; will we get more or less? Probably less (murdoch) &gt; cost of tools increases.<br />
- Q- solutions for very large amounts of data? distribute and &#8220;buy shitloads of servers&#8221;. can ditch useless data. stick it on the cloud? done the maths, and it&#8217;s not cheaper. it will be, but not yet.</p>
<p>Now &#8211; Brad Little from Nielsen BuzzMetrics on free vs paid.</p>
<p>- setting the scene &#8211; social media &#8211; millions of google results. 364 people on twitter call themselves &#8220;social media guru&#8221;.<br />
- there are a *lot* of people monitoring buzz.<br />
- why so many approaches?<br />
- different objectives = different tools. no one type of social media.<br />
- different investment levels drive various approaches.<br />
- ability to listen in this way that&#8217;s new &#8211; not WOM itself. Do you *really* want to get to know your customers? It&#8217;s often about stock price, not action.<br />
- DIY/Free tools &#8211; they&#8217;re free!<br />
- Software &#8211; probably higher quality, more data, do more things<br />
- Analyst &#8211; people + data &#8211; quality and expertise<br />
- Consultant &#8211; Relationships &#8211; great access to clients. Actionability &#8211; what do we do with data.<br />
- many free tools. forrester wave listening platforms Q1 2009 &#8211; looked at offerings.<br />
- weakness:<br />
- DIY &#8211; partial view<br />
- Free &#8211; limited scope<br />
- Software &#8211; reduced accuracy<br />
- Analyst &#8211; speed, cost<br />
- Consultant &#8211; using tools from 1-3</p>
<p>steps involved<br />
- data collection &gt; analysis &gt; implementation [didn't want to repeat earlier talk]<br />
- example &#8211; needed to harvest EA forum for a game project<br />
- do we measure a tweet the same way as a blog or forum post<br />
- how do we clean the data &#8211; GIGO<br />
- people vs technology. local, multilingual, centralised teams? keywords or logic? &#8220;gossip AND girl&#8221;. massive query needed to isolate. markets of languages &#8211; just because you collect data doesn&#8217;t mean you can properly analyse it.<br />
- implementation &#8211; recommendations &amp; strategy.</p>
<p>Dyson example &#8211; air multiplier.<br />
- what is actually being measured [examples of coverage]<br />
- tech support issue, whether dyson is standing behind its products &#8211; analyst can see themes far easier than computer.<br />
- mixed sentiment words in negative review [love, clever].</p>
<p>featurebabble &#8211; would take more than one fulltimer to compare these.<br />
tools locked in &#8216;feature war&#8217; &#8211; distracts marketplace from advancing.<br />
tools will largely commoditise. differentiation in data quality / breadth, services provided, and expertise implementing actions.</p>
<p>-what are most of these tools trying to do?<br />
- cover lots of data<br />
- relevant and clean informatino &#8211; to save time<br />
- manage process of workflow &#8211; save time, max effectiveness<br />
- customise end output &amp; result &#8211; user control<br />
- liberate content &#8211; uncover what you need without restrictions<br />
- support &#8211; value++, realise other benefits.</p>
<p>who is more influential?<br />
- influence isn&#8217;t just quantitative metrics (x number of followers etc) &#8211; it&#8217;s also about what they&#8217;re saying. advocacy as metric, not influence.</p>
<p>FAQ<br />
&#8220;can&#8217;t we get this stuff for free&#8221; &#8211; not really as good, less data, different output<br />
&#8220;your data&#8217;s rubbish because google has way more results&#8221; &#8211; spam, redundancy, etc. apples vs oranges.<br />
&#8220;compare providers by running a search and seeing who has most buzz&#8221; &#8211; that&#8217;d just incentivise companies to include spam! different coverage etc.<br />
&#8220;a trial&#8217;s a good way to compare services, right?&#8221; &#8211; no it&#8217;s rubbish. tool provider &#8211; trials a matter of numbers &#8211; sophisticated queries etc require human time investment, customisation, effort. not just easiest to use right off the bat, got to set it up to get max performance [argument against freemium model here]</p>
<p>social media process: listen, learn, execute. [same stuff as earlier]</p>
<p>when unlocking value of tools please remember<br />
- all data is not created equal<br />
- dashboards have strengths but don&#8217;t answer every need<br />
- combine research methodologies &#8211; listening *and* asking<br />
- active client participation is key ***<br />
- actionable insights = when tools (tech) combine with good local market researchers (people).</p>
<p>&#8220;buzz is up 5X&#8221; is a fact not an insight.</p>
<p>final recommendations<br />
- determine stakeholders<br />
- what you want to get out of it and what you might want to do with it<br />
- look under the bonnet, don&#8217;t just talk to salespeople<br />
- understand difference between monitoring, researching and strategy<br />
- listen learn and then engage<br />
- event, issue, launch or specific (anything) =&gt; more interesting research than general buzz.</p>
<p>WOM and SM are people based endeavours, and so is the research.</p>
<p>@bradleyjlittle</p>
<p>- Q- Someone&#8217;s influence (quantitative) *is* an indicator of content quality. -&gt; Understanding how they talk about something is important &#8211; need a &#8220;BS meter&#8221; to distinguish quality/authority.</p>
<p>Panel &#8211; Jos Smith chairing &#8220;What&#8217;s wrong with SMM?&#8221;</p>
<p>Nick Koudas &#8211; Sysomos. Emmanuel Vivier, Asi Sharabi, Mark Rogers.</p>
<p>Nick:<br />
- Spam. 65% of information in blogosphere is spam &#8211; noise &gt; signal.<br />
- sentiment analysis &#8211; more time = better. trade off.<br />
both of the above are key technology challenges.<br />
- pricing.<br />
good; adaptive, global, granular focus, exhaustive coverage, interactive.</p>
<p>Emmanuel:<br />
- cost to evaluate platforms &#8211; make it easy to try out and preach solution to clients. should Just Work. are you a software solution or a consultancy.<br />
- if you don&#8217;t put people on top of good solutions you&#8217;ll not have the best answers even if you use the best tools.</p>
<p>Asi:<br />
- umbrella with holes in<br />
- unsustainable fishing<br />
- tools &#8211; small print &#8211; need plenty of analyst time.</p>
<p>Mark:<br />
- Unknown unknowns &#8211; how do you find the stuff you don&#8217;t know &#8211; most of it serendipity at the moment.</p>
<p>How can the industry make it easier for clients wanting to use SMM?<br />
- mark &#8211; show how it really relates to money in the door. the winner will be able to show a lovely graph correlating SM with sales.<br />
- within every big org there needs to be someone with a sophisticated understanding of what it all means &#8211; but it&#8217;s a lot of work. need some good people both sides.<br />
- nick &#8211; ease of use of tools. if you say &#8216;lets do social media&#8217; need clear business metrics. sometimes that&#8217;s not analytics but insights.<br />
- emmanuel &#8211; not just a black box &#8211; need to know how it works and how to customise it.<br />
- ann longley from audience &#8211; research &#8211; having done it manually using free tools and now using paid tools &#8211; in spite of limitations, tools have a great advantage. trick is being cost-effective, having clear brief.</p>
<p>spam<br />
- what is it? malicious advertising, self promotion. big problem. twitter, most content produced by 5% individuals. most of that information is bots. ongoing battle. the moment there&#8217;s a defence, there&#8217;s a new technique.<br />
- &#8220;if it can&#8217;t be spammed, it&#8217;s not social media&#8221;. everyone&#8217;s going to want to fake conversations. most spam right now about playing google, but that&#8217;s changing (coming to get us). pattern matching &#8211; keywords &#8211; vs links by real people / links by spammers and infer.</p>
<p>resources<br />
- fulltime post &#8211; &#8217;social media monitoring dude&#8217; inhouse. agency side takes a while to strike balance &#8211; internal vs client resources.<br />
- a lot of over claiming, ubiquity of google problematic.</p>
<p>final comments<br />
- listening is only part of the problem. don&#8217;t spend all your money on the tools.</p>
<p>After a tea break it&#8217;s We Are Social&#8217;s Robin Grant on how they helped Skype.</p>
<p>&#8216;facilitating conversations for its clients will become the new role of an agency&#8217; forrester</p>
<p>broke SM strategy down into three areas.<br />
- corp blog had turned into one-way press release delivery system.<br />
- took blogs from one-way to a genuine conversation platform, made sure everything on topic.<br />
- made sure they were responding to comments, surfacing and documenting stories. put product managers in front of the public.<br />
- trust &#8211; people trust other people, not adverts. impacts purchasing behaviour.<br />
- online conversations do drive sales &#8211; Gruhl &amp; Guha paper. 2 day lag between conversation and sales.<br />
- we can start conversations &#8211; sent a phone to Loic &#8211; but that&#8217;s a small drop in the ocean. background chatter &#8211; respond to it. [but sometimes corp comments on blogs can go down the wrong way]<br />
- create moment of positive WoM &#8211; skype reply to random help request &#8216;does anyone know how to&#8230;&#8217; &#8216;great Twitter moment, Skype blogger sends me an answer&#8217;. rep++.</p>
<p>how did they do it?<br />
- none of the monitoring tools are perfect (&#8220;none are that great&#8221;) &#8211; looked at them &#8211; wanted every single conversation so used publicly available tools and built system on top of that. &#8220;need a human being reading every one of those conversations&#8221; &gt; triage process. yahoo pipes, etc.<br />
- identified key communities and individuals<br />
- set up keyword alerts (lucky, specific keyword)<br />
- triage &#8211; make sense of conversation. filter for items that can be meaningfully responded to. initially low bar &#8211; but as confidence increased, so did participation &#8211; there is no bar. as soon as you remove &#8216;faceless&#8217; aspect of corporation people less likely to rant and rail.<br />
- assign most appropriate response &#8211; online ticketing system.<br />
- Review monthly &#8211; dashboard for insights. overview. alerts, twitter, getsatisfaction, categories over time, trends over time.<br />
- categories, priorities designed to fit with skype&#8217;s needs</p>
<p>effective even in times of crisis<br />
- crisis when this system set up &#8211; china spying news story<br />
- spread like wildfire<br />
- usual approach &#8211; terse press release<br />
- got CEO to write a blog post<br />
- went back out to conversations on social media and left a response<br />
- that then got referred to in future posts<br />
- sponsored adwords &#8217;skype+china&#8217; &#8211; relatively unnecessary &#8211; skype&#8217;s own blog got #1 search result within 24hrs.</p>
<p>Q&amp;A<br />
- Q- who&#8217;s &#8220;we&#8221;/who&#8217;s doing what? &#8211; It&#8217;s a transitionary process, initially outsourced to we are social, but over last 18 months that&#8217;s mostly gone inhouse. now doing it all internally &#8211; takes 30-45 minutes in morning and evening.<br />
- Q- not realtime then? &#8211; on a normal day.. no. product launches, announcements -much closer eye. [but they can't spot crises within minutes?]<br />
- Q- what&#8217;s PeterAtSkype&#8217;s fit within the company? &#8211; ex we are social employee now inhouse at skype. someone who really understands &amp; is passionate about social media.</p>
<p>Marshall Sponder &#8211; Impromptu panel<br />
Future of SMM<br />
webmetricsguru.com</p>
<p>- social media platforms today are immature &#8211; focusing on quantitative metrics not actionable data.<br />
- forrester wave &#8211; only the largest platforms were listed &#8211; &gt;$10m revenue and x enterprise clients. many of the interesting technologies excluded.<br />
- nobody&#8217;s defined:<br />
- what conversations are &gt; how conversations are measured.<br />
- what&#8217;s really positive, negative and neutral [er - we don't?]<br />
- how listening platforms integrate with data from other systems &#8211; call centres, POD, analytics&#8230; data still silod.<br />
- meaningful consulting services to help businesses engage with data.</p>
<p>sentiment analysis today is too much like quantum physics<br />
crimson hexagon vs techrigy, sm2 etc. get something different out. what is the reality? the truth?</p>
<p>today 99% of the time, social media takes a long time before results<br />
- so what should we monitor to show success<br />
- no clear indication what to measure, what to expect after 3/6/9/12 months..<br />
- no clear idea how much to spend<br />
- no standards on what SM is and how it should be measured</p>
<p>at least in web analytics &#8211; might not agree how we measure a visit &#8211; but we have consistent metrics- bounce rate, etc.</p>
<p>most platforms today not capable of advanced semantic analysis/meme clustering. [not really semantic analysis but more meme/attitude categorisation]</p>
<p>awful geolocation capabilities &#8211; out of 312 blog entries located in NY, only 30 were from bloggers in NY [Alterian] &#8211; more luck with blogger directory, not tool.</p>
<p>- overlap free vs paid tools. SMM solutions wiki.<br />
- No standards for social media and little desire for them from vendors.</p>
<p>so what does the future hold?<br />
- meme tracking common capability of select paid &amp; free tools. along with ability to act on data. crimson hexagon leading now. would be good to pull out twitter handles &#8211; drill down.<br />
- integration of social media with web analytics, crm, search. google could accelerate this, merging SMM into google analytics.<br />
- new SM teams formed, merges etc<br />
- social search fuel development of new SMM capabilities. sidewiki comments, google caffeine &gt; real-time search results, google waves [lots of google....]<br />
- businesses will adopt SM via real time search results &#8211; they&#8217;ll have no choice. (smm as new SEO)<br />
- as a field? look at web analytics recent history. merging SMM with business intelligence<br />
- maturation of common set of definitions. thisisbeta.influencescorecard.com. seeing a need for standards.<br />
- open source modular tools &gt; assemble and customise our own monitoring platforms. current lock in even though everyone&#8217;s using the same data.<br />
- facebook data<br />
- real time alerts in facebook<br />
- social media budgets more closely aligned with paid/organic search budgets (due to move of RT search into google, bing)<br />
- monitoring analytics for SM &#8211; part of marketing budgets in many corps.<br />
- first true keyword tools to be released &#8211; conversations not keywords &#8211; tools will be released that allow optimisation of social media similar to SEO [this seems a bit left field.. social media doesn't work on keywords, it's people driven]<br />
- event horizon &#8211; are we too close to SMM to predict?</p>
<p><a href="http://www.slideshare.net/webmeticsguru/the-future-of-social-media-monitoring-marshallsponder">slides here</a></p>
<p>Panel &#8211; The future of social media monitoring<br />
Neville Hobson, Marshall Sponder, Matthaus Krzykowski, Philip Sheldrake and Andrew Grill</p>
<p>- how do brands who&#8217;ve been programmed how to market act in the &#8216;real life&#8217; of social?<br />
- social media will be part of lifeblood of company. recruiting, growing company, strategic planning tool.<br />
- social media subset of &#8217;social web&#8217; &#8211; the network itself is interesting, once we break away from proprietary &#8211; internet of things<br />
- new brand of SMM tools &#8211; two startups with 95% success rates on specific industries. lot of innovation in silicon valley. twitter will get into the game. social gaming is big. hollywood model is doomed-  tweet on a friday and nobody will go on saturday.<br />
- more emphasis on business intelligence &#8211; it&#8217;s being absorbed. social media is currently separate/added in &#8211; it&#8217;s going to become integrated. semantic web going to solve a lot of problems. microformats stuff has to happen. standards body. [ed- how do you standardise the concept of relevance.....]<br />
- lot of work is cleaning data &#8211; if you can eliminate the part that isn&#8217;t about your clients.<br />
- accuracy/verticals &#8211; 95%<br />
- automated sentiment isn&#8217;t there yet =&gt; manual classification with expert analyst familiar with media &#8211; you can&#8217;t train bloggers &#8211; can&#8217;t do everything automatically. dealing with mixed-sentiment posts.<br />
- will brand mass monitoring become automated hell?<br />
- self-regulating &#8211; social media start to regulate it &#8211; habitat example. it can happen but will be squashed.<br />
- current tools &#8211; problems. even vendors criticised have been very generous. the infrastructure to bring them together hasn&#8217;t happened. problem is usually with procurement &#8211; organisations don&#8217;t know how to procure &#8211; so end up with not-quite-right solution that compounds &#8211; no wonder things don&#8217;t work. need people to bridge that.<br />
- products will get better &#8211; that&#8217;s how technology works<br />
- problems are overrated. services are good enough. get 3 hours job down to 10 minutes is the crux.<br />
- &#8220;that happened a year ago in the US&#8221; &#8211; cycle times getting quicker. industry needs to listen. if it makes sense we&#8217;ll do it.<br />
- similar problem with data analytics &#8211; understanding question + matching capabilities of tool to it.<br />
platforms aren&#8217;t mature.<br />
- &#8220;we didn&#8217;t have half of this stuff 2 years ago&#8221; &#8211; we&#8217;re not there yet either. some of the free stuff is really good.<br />
- impact of google wave. &#8211; &#8220;what is it&#8221;<br />
- if we shut down facebook and twitter then all our businesses cease to exist / what if twitter launch their own SMM service and charge us for data. lot of insecurity in market. risks.<br />
- open v proprietary &#8211; origin of web free &#8211; now everything&#8217;s proprietary &#8211; walled gardens. one-many pull system will take its place. EU privacy rights.<br />
- language and culture. important &#8211; that&#8217;s why we use humans.<br />
final comments<br />
- listen, learn, engage, integrate<br />
- fight for your individual rights<br />
- get a job in social media monitoring</p>
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