Social Media Analytics Trends in 2017

Social Media Analytics Trends 2017Welcome Marketing Professionals and anyone else realizing the power of analytics. There are many exciting aspects of the market to look forward to, and trends to follow that will lead your business to an effective Marketing strategy. Semeon Analytics has been in the Text Analytics space since before 2012 and have seen all the high’s and low’s, all the passing fads and the features that truly benefit their clients. To give you a sense of where this market is going, the worldwide Social Media Analytics Market is set to grow to $5.40 Billion by 2020, at a Compound Annual Growth Rate of 27.6%. (http://www.prnewswire.com/news-releases/social-media-analytics-market-to-rise-at-276-cagr-to-2020-568584751.html)

There is no surprise that with the maturation of the market, the features are becoming infinitely more effective, while the tools in general have become more intuitive and user-friendly. Truth be told, many of the products just a few years ago were either light on the analytics, or far too complex for the non-Data Analysts. Today, tools like Machine Learning are quickly becoming an essential piece to the Analytics puzzle, allowing platforms to continuously learn while refining their results. Similarly, how Machine Learning is helping Siri answer your questions, it is also helping Analytics tools provide better answers to Marketing teams. Another emerging trend is integrating Text Analytics tools with CRM databases, this can be extremely effective if performed properly. Combining Data Silos such as CRM data and Social Media data, you are creating a 360-degree view of your customers and sales cycle which will provide your teams the insights to drive more sales online and off. In 2017 Influencer Marketing is going to continue to grow. As Brands and companies overload News Feeds and Social Feeds, consumers are becoming weary and fatigued from all this content, leading to lower engagement and decrease in brand trust. Consumers are looking elsewhere to receive their product reviews and information; Industry Influencers have popped up everywhere and have become an essential piece to online branding. More than 75% of consumers identify word-of-mouth as a KEY influencer in their purchasing decision (https://www.getambassador.com/blog/word-of-mouth-marketing-statistics).

With the new Influencer analytics features within the market, brands and marketing teams can keep track and leverage their key industry influencers! Creating strong relationships with these top influencers will lead to stronger social engagement, positive brand perception, and trusted advisors within the industry as your Brand ambassadors, not to mention the free advertisement whenever they post about your products. Content creators can benefit immensely from the influential topics and ideas that some high-end tools provide. Imagine being able to create blogs that resonate with your audience, every time. This is what’s possible when you are analyzing the most influential topics within your industry or surrounding your products and services, providing your team with the tools to grow engagement and sales. 2017 is the year to stay clear of advertising on Social Media channels, people will see right through your efforts and it will only hurt your engagement. Social Media channels are a place to engage your followers, keep them up to date with thought leadership, and nurture your relationship between your customers and your brand. As millennials grow their purchasing power, brands will need to communicate to them anywhere and everywhere. With chat bots and integrated chat features with Instagram and Facebook, personalized customer service will become more essential to any consumer products or services. A strong analytics strategy will provide teams with the insights needed to engage with their consumers intelligently.

Social Media Analytics is a massive ocean of products and services, getting deeper by the day, if you have any questions feel free to ask the experts at Semeon Analytics. Semeon Analytics is a leader in Text Analytics solutions and can provide organizations with Actionable Insights, straight from the consumer, leading to better business decisions. Contact us at marketing@Semeon.com to learn more about how we can optimize your digital marketing strategies.

About Semeon: Based in Montreal, Canada, Semeon combines the best semantic, sentiment, intent and statistical analysis. Thanks to its 100 person-years of experience with natural language processing systems, our team of experts has developed a unique platform that affords Semeon’s customers the ability to track what is being said about their brands, products, customers, competitors and helps them do so more rapidly and efficiently than with competing products. Semeon Analytics

Branding Technique 101: Leveraging your Brand Influencers

Branding Techniques 101Communicating effectively with your audience is no small feat for Brands in today’s Digital Landscape. Social Media networks have become an essential channel to get your message to the right consumers in a timely manner. There is no longer a need for statistics about making purchase decisions online, it is common knowledge heading into 2017 that without an online presence Brands will become ghosts along with the VHS and Pokémon GO.

Successful Brands engage with their consumers on review sites, Facebook and Instagram and provide reinforcement to motivate these consumers to spread their appreciation for the products or services. A key to any successful Brand is leveraging your Brand Influencers. Engaging with your top influencers leads to a stronger relationship with your audience, added value through social proof, and improved brand positioning in the market. Building trust stems from consumers speaking highly of your products and this arises from your Brand Influencers.

When creating content, Brands should focus on creating content with value, motivating your Brand Influencers to share and engage with your content which leads to an increase in your target audience. Get to know your audience, your Brand Influencers are great places to start. What are their interests, do they love the outdoors, are they “Foodies”, this information will fuel your communication strategies and strengthen your relationship with your audiences and boost your Return on Engagement.

Finding and utilizing your Brand Influencers is the tricky part. Many Analytics tools use a Klout Score, which references frequency of posts and is not the complete picture. Brands must consider the influencers’ audience, and expertise when choosing whom best to engage with. Semeon Analytics utilizes a unique Influencer Network to find the most influential people within your industry.

Brand Influencers, trusted advisors for industries online, have become more important today than ever before. With consumers resorting to Ad Blockers, Brands need to find new ways to effectively engage with their audiences that does not involve Interruption Marketing or advertisements that follow you around from site to site.

If you would like to learn about more ways to create effective and dynamics marketing strategies, contact Semeon Analytics for free Brand Consultation.

About Semeon: Based in Montreal, Canada, Semeon combines the best semantic, sentiment, intent and statistical analysis. Thanks to its 100 person-years of experience with natural language processing systems, our team of experts has developed a unique platform that affords Semeon’s customers the ability to track what is being said about their brands, products, customers, competitors and helps them do so more rapidly and efficiently than with competing products.

Apple Watch and Digital Branding- Extracting insights from the online dialogue

Apple Watch - Consumer SentimentConsumer electronics is one of the most competitive industries, with the top technology companies duking it out to be the gizmo in your pocket or briefcase. Once the Iphone 3 came out back in June 2007, Apple products were the most used products in most markets. The Apple Watch came out in April 2015, to a much different public response. The number of devices purchased pale in comparison to the previous iPhone and iPad sales, so what changed?

People were talking about the small screen, the battery life, and the customization to fit their style. Here is where the problem lies; while consumers are eagerly discussing their likes and dislikes of the device, Apple wasn’t listening, and thus was not leveraging the concepts that influenced the markets the most.

The Apple Watch Year-over-Year growth is at a staggering -55% from 2015 to 2016. The overall brand health is dropping, while Apple is still the most valuable brand in the world, companies like Google and Microsoft are growing faster than Apple. Apple has enjoyed overwhelming market share for many years, thanks to its intuitive products and effective marketing. The conversation around Apple products has changed in the last few years, while positive sentiment surrounding competitors has grown. Apple has some of the most dedicated Brand Advocates

Semeon ran two different analyses, one as the Apple Watch came out, and one exactly one year later to see how the consumer opinions have changed. By gathering discussions that happen all around the world, we were able to dissect the ocean of conversations, and extract Insights that provide a 360-degree view of the public perception surrounding the Apple Watch and the Apple brand.

On average, the Apple Watch generated twice as many negative mentions as positive ones. The positive comments were mostly focused on design, rather than functionality or the abundance of apps. The Health and Fitness category is underserved due to the inefficiency of the heart rate monitor, and the poor battery life. These issues, along with the lack of visual variety compared to traditional watches added to the overall negative perception towards the Apple Watch.

Understanding consumer purchase habits starts with extracting the most influential consumer Intentions; such as Intent to Inform, Intent to Complain, Intent to Purchase, etc. Through the Semeon analysis, the most popular actions surrounding the Apple Watch were Intent to inform, which showed up twice as much as any other consumer behavior, and Intent to Complain. The analysis of consumer behavior found online can lead to more aligned Marketing Campaigns, an educated sales force, and a prepared Customer Service team ready to deal with the issues that matter most.

To keep up with constantly changing consumer habits and expectations, Marketing and Branding teams need to stay ahead of the online conversations that drive their brand health and in the end their ROI. The only way to do this is to understand the consumer sentiment, concepts, and behavior that surrounds your brand or campaigns. Semeon Analytics provides teams with Actionable Insights that leads to better business decisions based on the consumers themselves.

If you would to learn how Semeon Analytics can leverage consumer interactions to align your marketing and communication strategies, check out our website www.semeon.com

Post-Election Pondering: What the Data did and did not predict

Trump and ClintonWas Big Data wrong about the American elections?

How can we trust Big Data with Medicine and our finances when it was wrong about the Elections last week?

Big Data Analytics, especially implementing Machine Learning to big data sets, has been a popular topic in Silicon Valley for the last decade. Just in the last few years, it has received celebrity status among popular media sites and dinner tables across the country. The issue lies in the umbrella term that encompasses Big Data, and our inability to take data results with a grain of salt. A popular saying in the Data science realm is “Garbage in, Garbage Out”. What this refers to is the results of Data Analysis depends, to a large extent, on the quality of the data feeding the analysis.

There is something to be said about the quality of data feeding the predictive Election forecasting systems this time around, or specifically the omission of certain groups. In 1968, the “Silent Majority” helped Nixon win his Presidential race, described by Wikipedia as “an unspecified large group of people in a country or group who do not express their opinions publicly”. An easier feat without the advent of the internet and more importantly Social Media as a means of creating a global discussion. Yet, if you perform a simple Google search, you will find a collection of news articles using this term to describe a group of voters who checked off Trump on their ballot.

With the growth of Social Media, there is now a wealth of information on public opinion to be tapped. If I were a man of Statistics, I would choose the sample size of 10,000 opinions over a focus group of 6 any day (margin of error, conformity bias, the list goes on). This being said, the majority of pollsters, data scientists, and predictors were wrong on Election Night. The results of the predictive analysis showed Clinton winning the popular vote. There were a few variables under-considered during the prediction process. The “Silent” Trump voters; those who were less vocal towards their views to save themselves from the moral shaming which was commonly found online and on Social Media.

Many predictive systems employ Machine Learning to perform the number crunching, which is usually based on historical data. The historical data did not prepare the analysis process to consider another previously invisible group, first-time voters. Trump was able to motivate voters who were previously jaded by politics in the past, those who felt their vote did not matter.

What does this say about Big Data and Machine Learning? In the end, these are tools that we can leverage. As businesses and brands alike start to implement a data-driven strategy for their Marketing, Sales, or Customer Service teams, they need to ensure their data solutions properly ingest and clean the data before analyzing. There is only a small number of Data Analytics companies that collect and cleanse the data in-house, Semeon Analytics being one of them. Like everything else concerning Artificial Intelligence, Big Data, and Machine Learning these tools are not meant to replace humans, instead these solutions are meant elevate the human process. The predictions towards the elections does not prove that Big Data Analytics is flawed, rather it should remind us that we still have work to do in adapting these tactics to businesses around the world.

About Semeon: Based in Montreal, Canada, Semeon combines the best semantic, sentiment, intent and statistical analysis. Thanks to its 100 person-years of experience with natural language processing systems, our team of experts has developed a unique platform that affords Semeon’s customers the ability to track what is being said about their brands, products, customers, competitors and helps them do so more rapidly and efficiently than with competing products.

Intent Analytics brings real Insights to Social Media and Big Data teams

Text Analytics drives ROISocial Media and Big Data analytics areinefficient business tools until they take advantage of purchase intent, sentiment, and consumer behaviour.

Without Intent, Social Media Analytics produces flawed and shallow results. Those who can harness the power of consumer intentions, will stay ahead of the competition, create a better relationship with consumers, and sell more effectively. Consumers have more choice than ever, and perform a large portion of their research online while marketers still advertise without utilizing the power of timely and effective user data.

Marketing is more and more about targeted and timely approaches utilizing data to predict purchase cycles for consumers. With Intent Analysis, companies have the ability to send out a targeted coupon to someone who has been comparing products online, or motivate a brand advocate who plans to speak the good word about your company. In the end it better helps you leverage data online and in your business tools and provides insights that benefit multiple departments in a company.


Intent Classifiers

Intent to Inform

“Hey have you guys tried the new Pokémon GO!? it lags but I’m already addicted!”

Intent to Compare

“What has more battery life, the IPhone 6S or the Samsung Galaxy 7?”

Intent to Purchase

“Planning to pick up a new road bike, any suggestions?”

Intent Analysis provides companies andbrands with rich information on not only what people are talking about but how they interact with your products and services in the past, but more importantly in the future. It is true that people do not outright, explicitly, communicate their intentions:

This is why Intent Analytics takes a Machine Learning and Semantic approach to the massive amount of data. Intent action items are key indicators on how your customers and prospects interact with your offerings, how they discuss amongst each other, and how they will interact with your products in the future.

Intent Analysis can also be applied to inbound emails sent to customer service departments, contact center feedback, and data stored in CRM systems.

Smart Analysts will utilize these results to help create effective Marketing Campaigns, personal and targeted advertising, and predictive customer service among other benefits.

Interested in learning more you can visit our website www.semeon.com, follow our blog or follow us on social media

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Elon Musk, and his very expensive Tweet

Elon Musk TwitterElon Musk grew up a self-proclaimed wimp, reading comics, and creating video games from scratch at the tender age of 12. Musk is now one of the most influential titans in many industries, and he is just getting started. Using the power of social media, Elon Musk is shaping the social environment, and empowering his customers to do the same. From researched rebuttals towards the New York Times, to increasing his companies’ stock by $900 million from one single tweet (1). Using Social Media Analytics, we are able to see the effects Elon Musk’s social media has had on his company, and vice versa. While only 10% of CEO’s use Twitter (2), Elon Musk is leading the pact while using Twitter and other social channels for PR, release dates, Marketing, HR, and more. Elon Musk has a unique ability to see what technological tools will help the human race move forward, no wonder he has attached his brand to social media. The social media market has grown substantially in the last 5 years, with predictions of aprox 20 billion in revenue in 2015 (3). Musk has believed in the effectiveness of technology in the everyday life, for decades now. While everyone was trying to get their high score on Minesweeper, Musk was creating online banking services in the form of PayPal and Zip2. In 2002 Musk saw the need for online payment services, and he executed a multimillion-dollar deal with eBay to show for it. He was soon to set his sights to sustainability in the form of electric cars, and solar panels.

Elon Musk is a human predictive analytics machine. He is able to spot global trends years before they happen. Musk has a rare ability to know when the technology, and the market are both ready for a new product offering. Not only this, but he is able to make these products sexy enough that the average consumer wants the products, but just as important, are able to purchase his products. This is all fine and dandy if you are arguably the real-life version of Tony Stark (By the way, he is way more like Bruce Wayne than Iron Man, but that’s an argument for a different post). Companies don’t have the luxury to bet on a feeling, this is where Predictive Analytics comes in. Brands and Marketing Agents are able to see what worked well in the past, what is working in your market from competitors, and what behaviour is most likely to lead to success in the future. Tesla and Musk are marketing kings, with just 35,000 car sales in 2014; they are in the headlines almost everyday, a marketing feat for even the largest companies. Tesla, SpaceX are two examples of content marketing that resonates with users. Through these marketing practices, anyone can increase brand recognition, and motivate your brand advocates to sing the song of your company. Elon Musk is buzz worthy by himself, but his celebrity status has helped improve recognition with his technology companies. Using Semeon’s Sentiment Analysis, we were able to decipher the concepts most relevant to Elon Musk. Understanding the most popular concepts (which you can see in the table below) allows Marketers to get to know their audience better, and allow them to curate content that is more targeted and effective.

Semeon Analytics was able to analyze public opinion towards Elon Musk and the companies he is part of. While Elon Musk’s personal accounts tower over his brands, in terms of followers, his social media channels have strong engagement. Our Sentiment Timeline was able to follow Tesla Motors and SpaceX closely and find out what was truly being said and why. We found that large spikes in posts (by Tesla and SpaceX) align with posts made by Elon Musk. While Social Media exploded with negative comments (6% Negative vs. 2% Positive) following the recent SpaceX rocket crash, Elon Musk’s brand was hardly affected. This is due to Musk’s intuition and his quick responses via Twitter and his social channels.

(1): http://www.telegraph.co.uk/news/worldnews/northamerica/usa/11505566/Elon-Musks-1bn-tweet-news-of-secret-product-line-sees-Tesla-shares-soar.html

(2): http://recode.net/2015/05/17/the-worlds-top-ceos-are-tweeting-more-facebooking-less/

(3) http://www.emarketer.com/Article/Social-Network-Ad-Spending-Hit-2368-Billion-Worldwide-2015/1012357

Learn more about Semeon at: www.semeon.com

Why counting “likes” doesn’t make any money

Facebook Likes

With developments in technology in tandem with the requirement for meaningful social media analysis, what makes good social media analytics in 2015? What distinguishes what can be done today, from what passed for analytics just a few years ago? Firstly, there’s depth and sophistication. It’s really all about the depth with social data analysis. Sentiment analysis is a powerful concept, but social media analytics takes into consideration factors such as semantics, context and content in addition to sentiment, to provide a depth and sophistication of insight. The second is real-time analytics. An hour is a long time in social media, so analysis of Human Data has to be real-time to be effective. What is relevant in the morning might not be later that day, so it’s imperative to analyze data immediately. Finally, all content holds value: although Twitter and Facebook are the two poster-children for social data, there is also immense value in other social networks, and also the comments that people leave on blogs and news articles. At Semeon we work with all social networks, blogs, consumer review sites and all other websites. We are able to skip a step by automatically, statistically and semantically analyzing data in real time. This creates true and accurate data analysis.

Another key trait of social media analytics in 2015 is that turn-key applications need to deliver instant insights to customers, powered by an intelligent platform for analyzing social media conversations and replacing traditional market research, Semeon’s platform provides the following:

  • Speed: Data is indexed from hundreds of thousands of social media sites and can be queried in real time;
  • Intelligence: Data can be analyzed across a multitude of languages with SDL’s natural language processing, machine learning, and proprietary machine translation capabilities;
  • Accuracy: Using intelligent algorithms in order to properly identify relevant documents and filtering spam, Semeon offers more accurate results.
  • Better Business Intelligence: Patented analytic applications measure key performance indicators that map to business objectives, including purchase intent and brand advocacy.

Thankfully social media analytics has come a long way. Although many brands are still stuck in the quantitative dark ages of counting likes and mentions. Semeon is looking ahead to providing what we believe to be the best social media analytics tool out there.

Semeon Analytics