Social media Analytics
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The document discusses the importance of transforming online conversations into a strategic information asset for businesses by deriving actionable customer intelligence from social media. It identifies challenges organizations face, such as noise in data and lack of integration, and offers a solution through SAS's social media analysis software that integrates various data sources, enabling deeper understanding and quick decision-making. SAS provides tools to monitor and analyze online sentiment, leading to improved customer service and better alignment with business goals.
![CROSS-INDUSTRY • SOLUTION BRIEF
How can we best apply the knowledge we glean from online
conversations?
YOUR GOAL: Convert social data into a strategic information asset
Business Impact
Conversations among your customers are taking place every day across traditional
“To derive actionable customer intel-
ligence [from social media], marketers news media, on public forums and within customer feedback channels like customer
must first choose their listening goal(s), care. They are talking about your products and services, and their experience, as well as
then find a vendor that best delivers the their likes and dislikes of you and your competitors. A virtual focus group is taking place
metrics they need, and then combine online, and even though these conversations are taking place at an increasing rate, most
those listening metrics with the output
organizations have yet to transform this information into strategic decisions affecting
from other measurement programs.”
customer experience and the efficacy of marketing programs.
Suresh Vittal
“Listening Metrics That Matter”
June 4, 2009 Unfortunately, there’s a lot of noise amid these Web-based conversations, and filtering
out that noise and focusing only on those comments that matter to your brand is difficult.
Challenges Most organizations lack the ability to quantify the impact of these conversations on Web
• Lack of data integration. New traffic or sales. In addition, they are unable to use overall customer brand sentiment to
service or product offerings are hard to
measure the effectiveness of the latest marketing communications, nor can they deter-
validate, because there’s little or no
integration between public data (e.g., mine the effect that specific media have on the success of a promotional campaign. And
blogs) and internal data (customer they lack any sort of plan to proactively monitor heavily trafficked sites like YouTube and
feedback, surveys, etc.). Twitter to address emerging threats before they become widespread.
• Compiling a continuous history of
conversations. Businesses are used to OUR APPROACH
being able to look at trends and analysis With so much data and increasing customer expectations, marketers need to quickly
against critical financial data for like
eliminate noise and focus on customers, segments and offers that will generate the
periods, year over year, yet few social
media solutions provide more than a most profitable growth opportunities. Precision, speed and fact-based action is
90-day snapshot. required. We approach the problem by providing software and services to help you:
• Tying sentiment to critical business • Accumulate knowledge about relevant customer conversations by integrating
issues. Businesses struggle to a variety of pertinent online data across CRM systems, traditional news sites and
determine which concepts and topics social media forums, then preserving that rich content in an analysis-ready state.
elicit the passions of reviewers and
commentators online, which makes • Tailor topics to your critical business issues by interpreting conversation data to
them slow to address the root cause address specific business decisions across market strategy, media planning, interac-
of overall issues. tive/Web marketing, public relations and customer care.
• Difficulty building processes and • Allow analysts to dig deeper by providing total transparency and direct interaction
workflows against ad hoc analysis. with all data analyzed – both structured (professional reviews) and unstructured (con-
At best, businesses can be reactive to versations) – which is critical to understanding the context behind certain trends.
trends that are spotted in many
commercially available reporting tools, • Answer questions about consumer needs, strategic market opportunities,
struggling to build processes and emerging threats, media allocation and online engagement with a reporting and
procedures to mobilize the proper analysis platform that:
departments more quickly.
– Keeps executives informed using concise indicators via the Web, mobile or e-mail.
• Preferences, behaviors and
– Empowering business users to measure the investment returns of social strate-
influence are changing faster.
Customers rely on third-party gies against key channels, media outlets, customer segments or product lines.
information about your offers. Many – Enabling analysts to better answer the “why” and “how” behind critical insights.
voice their opinions in an instant-
making it difficult to understand who
Any organization considering a serious investment in social media strategies should
and what influences their decisions, and
what is relevant and important. account for all of these facets when choosing a social media analytics solution.](https://image.slidesharecdn.com/social-media-analysis-brief-121227042808-phpapp02/85/Social-media-Analytics-1-320.jpg)
Social media Analytics
- 1. CROSS-INDUSTRY • SOLUTION BRIEF How can we best apply the knowledge we glean from online conversations? YOUR GOAL: Convert social data into a strategic information asset Business Impact Conversations among your customers are taking place every day across traditional “To derive actionable customer intel- ligence [from social media], marketers news media, on public forums and within customer feedback channels like customer must first choose their listening goal(s), care. They are talking about your products and services, and their experience, as well as then find a vendor that best delivers the their likes and dislikes of you and your competitors. A virtual focus group is taking place metrics they need, and then combine online, and even though these conversations are taking place at an increasing rate, most those listening metrics with the output organizations have yet to transform this information into strategic decisions affecting from other measurement programs.” customer experience and the efficacy of marketing programs. Suresh Vittal “Listening Metrics That Matter” June 4, 2009 Unfortunately, there’s a lot of noise amid these Web-based conversations, and filtering out that noise and focusing only on those comments that matter to your brand is difficult. Challenges Most organizations lack the ability to quantify the impact of these conversations on Web • Lack of data integration. New traffic or sales. In addition, they are unable to use overall customer brand sentiment to service or product offerings are hard to measure the effectiveness of the latest marketing communications, nor can they deter- validate, because there’s little or no integration between public data (e.g., mine the effect that specific media have on the success of a promotional campaign. And blogs) and internal data (customer they lack any sort of plan to proactively monitor heavily trafficked sites like YouTube and feedback, surveys, etc.). Twitter to address emerging threats before they become widespread. • Compiling a continuous history of conversations. Businesses are used to OUR APPROACH being able to look at trends and analysis With so much data and increasing customer expectations, marketers need to quickly against critical financial data for like eliminate noise and focus on customers, segments and offers that will generate the periods, year over year, yet few social media solutions provide more than a most profitable growth opportunities. Precision, speed and fact-based action is 90-day snapshot. required. We approach the problem by providing software and services to help you: • Tying sentiment to critical business • Accumulate knowledge about relevant customer conversations by integrating issues. Businesses struggle to a variety of pertinent online data across CRM systems, traditional news sites and determine which concepts and topics social media forums, then preserving that rich content in an analysis-ready state. elicit the passions of reviewers and commentators online, which makes • Tailor topics to your critical business issues by interpreting conversation data to them slow to address the root cause address specific business decisions across market strategy, media planning, interac- of overall issues. tive/Web marketing, public relations and customer care. • Difficulty building processes and • Allow analysts to dig deeper by providing total transparency and direct interaction workflows against ad hoc analysis. with all data analyzed – both structured (professional reviews) and unstructured (con- At best, businesses can be reactive to versations) – which is critical to understanding the context behind certain trends. trends that are spotted in many commercially available reporting tools, • Answer questions about consumer needs, strategic market opportunities, struggling to build processes and emerging threats, media allocation and online engagement with a reporting and procedures to mobilize the proper analysis platform that: departments more quickly. – Keeps executives informed using concise indicators via the Web, mobile or e-mail. • Preferences, behaviors and – Empowering business users to measure the investment returns of social strate- influence are changing faster. Customers rely on third-party gies against key channels, media outlets, customer segments or product lines. information about your offers. Many – Enabling analysts to better answer the “why” and “how” behind critical insights. voice their opinions in an instant- making it difficult to understand who Any organization considering a serious investment in social media strategies should and what influences their decisions, and what is relevant and important. account for all of these facets when choosing a social media analytics solution.
- 2. THE SAS® DIFFERENCE: Listening, understanding and predicting the impacts of social media on your business What if you could ... Construct a conversation Applications that are simply listening platforms are not enough. What is needed is the warehouse ability to bring context to those conversations by better aligning what you listen for in What if there were an automated way to capture and compare new conversation those conversations with the lens through which you view your business, with the flex- data against a historical archive of past ibility to analyze those conversations as you see fit. Only SAS enables you to: feedback? • Capture and integrate online conversation data, turning transient social media content into a persistent information asset for your business. Continuously improve intelligence about online conversations • Apply text analytics to social data, so you don’t just understand the frequency of What if you had a social media analysis words or phrases, but you get to the heart of how people feel about your products system that could continually learn how and services on different sites – and then link those insights to their impact on your to identify topics and sentiment more bottom line, now and in the future. accurately, resulting in more accurate insights as time goes on? • Establish a media intelligence portal that enables decision makers to turn insight into action by gaining access to information they can act on. ‘See’ and ‘touch’ how • Use case history, customer profiles and real time sentiment scores to interact sentiment is applied to topics What if you had the ability to not only more effectively in real time, providing quick resolution to customer service concerns. review how all online documents have • Collect all market and customer data in a channel- and format-agnostic manner been processed for topics and senti- to allow for quick identification of issues – enabling quick action on data as opposed ment, but also change it as you see fit? to simple data management. Dig deeper to learn more What if you could classify market feed- The SAS approach to collection, analysis and reporting offers the only fully integrated back across multiple dimensions of your social media analysis solution available today. business, including trends over time, product lines, customer service levels and corporate reputation? CASE STUDY: A third-party retail customer support provider Situation You can. SAS gives you A third-party provider of real-time customer support chat services for online retail- THE POWER TO KNOW®. ers was looking for a way to mine their chat logs so they could help the retailers they represent better understand the kinds of topics that could lead to sales conversations. S A S FAC T S Solution • SAS has been in business since SAS delivered a social media analysis solution that: 1976 and today has customers at more than 50,000 sites worldwide. • Captured six months of chat data, along with online reviews from traditional sites and other social media sites, then categorized and loaded the data into a deci- • SAS customers make up 93 of the top 100 companies on the 2010 sion support environment. Fortune Global 500®. • Integrated offline attributes, such as customer segments, and other online metrics • SAS Customer Intelligence was (like session length) into a customer-centric decision support data mart. named a winner of Customer Interaction Solutions magazine’s Results 2010 CRM Excellence Award. • Specific phrases and terms that highly correlate to conversions were discovered. Learn more about SAS software • The use of these phrases was integrated as measures of customer loyalty that and services at: www.sas.com are tracked on an ongoing basis in scorecards. • Traditional and new forms of data visualization can now be applied to social media data for the first time, which continually yields new insights. SAS Institute Inc. World Headquarters +1 919 677 8000 To contact your local SAS office, please visit: www.sas.com/offices SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2011, SAS Institute Inc. All rights reserved. 104453_S76028.0611