Social CRM – the use of social media monitoring together with customer care outreach – has become big business. Gartner group projects it will be a $1 billion industry in 2010. And with good reason. Increasingly, consumers are taking to their social networks to express dissatisfaction with brand customer care experiences. Brands ranging from Comcast to Dell, Delta and others are being increasingly deluged with customer complaints, questions and concerns. No longer are complaints kept within the communication corridors of customer to brand channels, but are being broadcast and reposted/retweeted across the social media landscape. At times these can turn into search engine results, damaging significantly a brand reputation.
The response? Brands have increasingly been putting PR and Communications staff into positions to reach out and address concerns on the premise it’s better to defuse early. But all too often the PR and Comms staff are outnumbered by the volume and, perhaps more critically, they’re not in a situation to address the root cause of the problem. Instead they’re put in position of apologist.
The problem is three fold:
1) Scaling social media into the customer service infrastructure is difficult. Most of the time the social conversation data is not integrated withother customer profile data. In the vast majority of cases, the social listening data is segregated from critical customer data that would help resolve an issue. The promise of social data integrating into a single customer profile database is still a hazy mirage on the horizon. So brands are often focused on the perceived influence of a complainer – using tools such a Klout scores. The problem with this is clear: your best customers may not have high – if any – klout scores. In fact, most senior executives – for example, are probably spending more time doing business deals than tweeting their lunch plans.
Anyone running affiliate marketing or influencer outreach programs requires a mixture of automated and human analyses to design and operate their program. Automated algorithms are great when you need a quick decision in real-time, but when you are choosing 5, 10 or 50 influencers for long-term relationship development, you need to be sure that they are the true influencers in your category. That requires human analysis.
While Klout can now include LinkedIn connections and activities into the calculation of Klout scores, brands should be very careful about using Klout scores for affiliate marketing or influencer outreach, for the following reasons:
- The only way to identify influencers within a category is through a combination of automated and human analyses.
- Klout can not measure influence within a category. For example, Ariana Huffington has a high Klout score, but she is not relevant to most brands. For example, if you sell baby diapers or desktop virtualization products, Ariana is not an influencer. And Klout is not capable of telling you who influences the conversation around baby diapers or desktop virtualization products.
In recognition of the need for category-specific influence scoring, Klout recently launched a +K button, which lets Klout users tell Klout when someone else influences them, but the method has two weaknesses:
- +K is subject to significant self-selection bias. The inputs come only from Klout users who choose to contribute, and
- +K does not capture the extent to which one person passes along another person’s messages. Therefore, the scoring does not adequately allow a brand to choose influencers based upon the extent to which the influencer will drive messaging into the market.
- +K does not associate the influence with a category. For example, I might say that Seth Godin influences me, but does he influence my decisions about car purchases, laptop purchases or the foods that I consume? No.
Converseon recently launched a collaborative research project with comScore, the Advertising Research Foundation (ARF), Communispace, and Firefly Millward Brown to explore the roles of social media in the purchase process. The project brings together a range of research techniques to understand how and when people turn to social media as they make purchase decisions.
Converseon will provide insights based on social intelligence for the project, helping the ARF to establish an expanded understanding of online conversations around purchase decisions for items in the CPG and other categories. Converseon analysis will uncover where in the purchase process social media conversation is taking place, who is taking part in that discussion and where it’s happening.
Our research will include psychographic and demographic analysis, in addition to a range of other metrics based on Converseon’ unique technology + human methodology, giving the ARF the opportunity to cross-tab the analysis and extract the most meaningful information to support its research goals.
We all look forward to the results of the joint project.
Analysis by Will Bottinick, Research Manager and Chris Boudreaux, SVP of Business Integration.
Congressmen and women follow more than 450,000 people on Twitter – but which publications, politicians, pundits and Beltway personalities does Congress watch the most? This post is the first in a series that will analyze the Twitter habits of Congress. Today, we focus on the media sources that appear to influence Congress via Twitter.
The top media sources Republicans and Democrats in Congress follow on their Twitter accounts mostly align – but the parties differ widely for a few sources, including several mainstream news outlets.
Similarities Between Republicans and Democrats
- Both parties follow C-SPAN more than any other news source.
- 21% of Republicans and 28% of Democrats follow NPR accounts. That seems consistent with the 2011 finding by a team from Duke University this year which concluded that NPR is near the middle of the U.S. political spectrum, after examining the political ideology of 2010 primary candidates.
- May 14: Converseon’s CEO Rob Key will speak at Mashable Connect on Scaling Social Across the Enterprise
- May 16: Rob Key will speak on trends in social media at a panel discussion for top communication experts in the insurance industry, as part of the IPRC Annual Meeting, organized in New York
- May 16: Senior Strategist Mike Moran will speak at Philadelphia’s MENG Chapter meeting on why Digital Marketing is Direct Marketing
- June 9: Mike Kovscek, SVP of Enterprise Analytics, will speak at New York OMMA Social on a panel discussing how to link social media to ROI
This afternoon at the WOMMA School of WOM in Chicago, I had the privilege of sharing lessons from enabling the social workforce at IBM with my clients, Susan Emerick and Bill Chamberlain of IBM. You can view our slides here, including a few transcript notes at the bottom of the page.
If you’d like to know more, all of our contact information is listed in the slides, or feel free to contact me:
cboudreaux [at] converseon [dot] com
It’s been an exciting two weeks for Converseon. We’ve had the opportunity to speak at conferences, meet partners, and talk to major brands from Indonesia to Singapore to Copenhagen.
At the iBrand Summit, Asia, we met with a wide range of leading brands who are looking to get serious about social media, while speaking about the “Brutal Truth of Social Media.” There we met folks from Microsoft, Nokia APAC, Indonesian social properties, and more.
Then, just this week, we launched Converseon Nordics to expand our offerings in Denmark, Sweden, Norway, Finland and Iceland while keynoting the FDIH conference with the topic of Scaling Social Across the Enterprise.
Throughout it all, I was struck by how similar and substantial the conversations we had were, whether it was with Asian telecoms or Scandinavian insurance companies. Across all these markets there was a clear and evident thirst to strongly embrace frameworks that scale social across the enterprise to drive competitive advantage. The conversations were quite sophisticated; diving deep into issues like governance, and policies, infrastructure, advanced social intelligence and the best social strategic approaches across multiple use cases. It’s become quite clear, not only is social conversation a global phenomena with broad adoption, but following close behind is the desire for brands to “do it right,” from APAC to Europe, and a recognition that it takes some new thinking and capabilities to do so.
Rob Key, Converseon CEO, was recently interviewed by Steve Rappaport, Knowledge Solutions Director at ARF at the Advertising Research Foundation 2011 Re:think conference. In the embedded video, Rob and Steve discuss Converseon’s 10 year anniversary and the future of social intelligence.
Today’s acquisition by Salesforce of Radian6 for an estimated $326 million is a strong statement to the power of social intelligence.
Congrats to the Radian6 team.
Converseon is now the only remaining independent leader in Forrester Wave’s Q3 2010 Listening Platforms report. We continue to believe we remain at the front end of what we expect to be profound growth for the social intelligence space moving forward. The intersection of “big data,” sentiment analysis and analytics is powerful and is not only becoming the impetus for business redesign, but also a plethora of new products, services and applications. We’re just scraping the surface.
While social CRM is one important use case, our focus will remain on unifying real time monitoring with the deepest level of intelligence together with robust consulting and service offerings to make social data intelligent and actionable across multiple use cases. These investments help drive even more attention and interest to the category. As we say, a rising tide raises all boats.
We’re proud of our industry leadership and of our industry. Congrats again to all involved.
- March 28, 12 pm ET: Our SVP of Management Consulting Chris Boudreaux will be the guest of Stephen Rappaport‘s webcast. During the webinar, which is part of ARF’s Listen First! Webcast Series, Chris will share Converseon’s approach to creating rganizational frameworks to scale social Intelligence. Registration is free at http://my.arf.com
- April 4: Our CEO Rob Key will present The Brutal Truth about Social Media Marketing at the iMedia Asia Brand Summit in Nikko Bali, Indonesia
- April 5-6: The Converseon team lead by Senior Strategist Mike Moran will be at the Forrester Marketing Summit in San Francisco. Please make sure you stop by our booth and say hi!
- April 6, 12 pm ET: Our SVP of Enterprise Analytics Mark Kovscek will conduct a WOMMA webinar titled, In Search of Grand Unified Theory – The Evolution of Social Intelligence into Enterprise Analytics. The webinar is free for WOMMA members with registration.
- April 11: Mike Moran will speak on a panel titled, “Social Media and Higher Education: The Common Ground,” at the Pearson’s Cite 2011- Higher Education Technology Conference