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Future Midwest #FMW10 @kenburbary

Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

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Page 1: Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

Future Midwest#FMW10

@kenburbary

Page 2: Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

Connect with your data

Page 3: Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

Trend #1 – Social goes global

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Trend #2 – Mobile Demand

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Data Devices Multiplying...

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Device Diversification

Edible micro-pills

Nike Plus

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“In 2009, more data was generated by individuals than

in the entire history of mankind through 2008”

- Andreas Weigend, the former Chief Scientist at Amazon.com

Trend #3 – Data Era

Page 10: Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

No Looking Back, Sink or Swim

Gimme Data & Insights!

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Too many choices!Too much velocity!

Increasingly more complex!Social Media Ecosystem

•Search Engine Marketing •Search Engine Optimization•Display Advertising•Email Marketing•Online Video•Websites•Mobile Marketing•Social Media•Webinars•The next “big” thing???

Digital Marketing Channels

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“Popular Opinion” Digital Strategy

I’ll have one Facebook, two Microsites, one

Community and a Twitter please!

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Dedicate yourself to Outcomes!

Outcomes = the purpose for which your website/application/user experience exists

No Outcomes = Unhappy Bosses

Don’t live data rich and insights poor!

Don’t be in the business of producing data

Data should exist to serve the needs of the business and provide insights that can be ACTED UPON to produce OUTCOMES!

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Source: Mohan Sawhney, Kellogg School of Management

Identify insights that connect to desired outcomes

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Beware Cognitive Bias

We’re the same!Attribution: http://adamhcohen.com/cognitive-bias-in-social-media-strategy

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Listening to Consumers

Ways to ListenPanels

Social Monitoring

Research Communities

Surveys

Customer Satisfaction Analysis

Focus Groups

Face-to-Face

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Observing Consumers

Ways to ObserveWeb Analytics

Research Data

User Experience Testing

Surveys

Eye Tracking Studies

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The New Model…

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Clickstream & Multiple Outcomes Analysis

Q1. What is happening on my site?

Q2. How much of each thing is happening on my site?

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Web Analytics – Experiment & Test

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Site Metrics

User Interests

Related Sites/Subdomains

Google Ad Planner

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Engaged Audience

Demographic Data

Geographic Data

Search Terms

YouTube Insights for Audience

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Search Insights

Geographic Data

FACT

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Competitive Web Site Research

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Competitive Web Site Research

Geographic Data

Related Sites

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Jaffe Juice Tag Cloud by http://www.wordle.net

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Why does it matter?

Makes all marketers data-marketers

Facebook Engagement Insights

EngagementMetrics

Activity Metrics

Demographic Data

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1. Discover - Harvest relevant social data

2. Analyze - Separate signal from noise

3. Segment - Segment social data by business function and/or defined categories

4. Strategize & Integrate – Make listening outputs a regular input that informs the strategic planning process

5. Execute – Informed action based on insights from strategic listening

Voice of the Customer Framework

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Social Data Analytics Insight Example #1:Key events drove spikes in conversation (CPG brand)

Conversation driver:Product Release“I just went to Brand

X, bought myself a kobe puppet tshirt!”

Conversation driver:Company Event“Brand X Hires John

Doe As CEO..”

Conversation driver:Product Release

“The white and grey Nike MVpuppets Tee shirts are both dropping at Brand Xs all over the place”

Conversation Driver:Product Release“Nike Air Max is not

just some new color that nike released to sell at Brand X…this shoe has a special value”

Page 30: Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

Social Data Analytics Insight Example #2:Key events drove spikes in conversation (CPG brand)

Event14%

Product Evaluation

15%

Product Availability

31%

Sale5%

Store Perception

19%

Product Release

16%

“…Other 2009 releases include: white/red 12s, infrared 7, space jams, an orlando magic pack (i forget the numbers) and some other s**t i dont remember but true blues are definitely coming out stateside”

“Brand X also has excellent customer service. Returned defective shoes (for the second time) without a receipt, have a store credit now....”

“heads up to san diego peeps Brand X in mission valley mall has the white 4 rings in.... 1 m left, 2 l's, 3 xl's and i think 1 or 2 xxl and xxxl. i advise getting there as soon as they open to get what you want!”

Breakdown by Event Trigger

• 47% of the conversations online involve product availability and product releases; much of the chatter is discussion or inquiries

• Majority of events triggering conversations include concerts, signing, sweepstakes, etc.

• Only 5% of conversations online pertain to sales, indicating price is not a primary concern among Brand X customers conversing online

Page 31: Future Midwest - Consumer Insights and Analytics that Drive Digital & Social Strategies

Social Data Analytics Example #3:Identify insights by combining different dimensions together (CPG brand)

Conversation Type Event Count

Discussion Other 427

Inquiry / Question Product Availability 110

Campaign Product Release 95

Complaint Store Perception 77

Campaign Event 76

Discussion Product Availability 63

Compliment Product Evaluation 55

Recommendation Product Availability 54

Other Other 52

Complaint Product Evaluation 51

“Went to the mall today, bought a USC hoody from BrandX....”

“why are the metallics (green, red) not being sold at Brand X, eastbay or finishline? the release date was july 4th but they are only sold at some select stores online; is there a reason that Brand X and finishline are not releasing them?”

“…try some of these stores near your area. disregard the Brand Xs, they are worthless when it comes to specializing in shoes that fit your need.”

“…just picked a white one up from Brand X in so. cal. the white one is the best yet. very clean lookin' with the purple wristband. Image”

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Jackpot!

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Social Engagement Insights

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Real-time Local Trends

http://trendsmap.com

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Analytics Channel Convergence

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Analytics Channel Convergence

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Insights & Analytics Resources

Occam's Razor by Avinash Kaushik - http://www.kaushik.net/avinash

Actionable Analytics by Jonny Longden - http://actionable-analytics.com/

Industry Insights by Omniture - http://blogs.omniture.com/

Six Pixels of Separation by Mitch Joel - http://www.twistimage.com/blog/

Kaizen Analytics by Michael Nottes - http://www.kaizen-analytics.com/

Nielsen Insights - http://en-us.nielsen.com/insights

ComScore Voices - http://blog.comscore.com/

Hitwise Intelligence - http://weblogs.hitwise.com/

Web Analytics Demystified by Eric Peterson - http://blog.webanalyticsdemystified.com/weblog/