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Software platform for mining social media for intelligence on a massive scale Winstonn Tubbs ( EL) Nayanjeet Medhi ( TM) Stephen Manti ( TM) Social Radar [email protected] [email protected] [email protected] Team: 22_Mitre Total No of Interviews: 67 Total No of Interviews this week: 13

Social Radar Presentation: Customer Discovery and Business Model

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Software platform for mining

social media for intelligence on a

massive scale

Winstonn Tubbs ( EL)

Nayanjeet Medhi ( TM)

Stephen Manti ( TM)

Social Radar

[email protected]

[email protected]

[email protected]

Team: 22_Mitre

Total No of Interviews: 67

Total No of Interviews this week: 13

01

Teaching Feedback -

Value Propositions are too generic

No clear metrics to show significance of value propositions

Too many Customer segments – find one and go in depth

Week 1 – The Canvas

Weeks 1& 2 – What we did?

Spoke to Marketers and Social Media Analysts

Industry Analysis

To understand the unmet needs of each customer segment

To understand the competitors and products

Find out the willingness to pay

Better understand the Social Radar technology

Weeks 1& 2 - What we learned?

Cost

Accuracy

Convenience

Differentiation

01

Teaching Feedback -

Interesting pivot with the reviews websites

“Don’t lead the customer interviews with tech- uncover problems”

Not satisfied with the reasoning behind small firms not being interested

in social media analytics

Week 3 – The Canvas

Weeks 3& 4 - What we did?

Continued to interview the niche customers for

social media analytics – journalists, financial

analysts, employees at other social media

analytics firms

Introduced value proposition for consumers

reading reviews

Spoke to consumers about experience and

pain points with user review websites.

Social Media

Analysis

Review

Aggregation

Review Aggregation Experiment -

Reading reviews consumes too much time and the current

process is not effective

Hard to find themes in reviews and get insights from them

Weeks 3& 4 - What we learned?

Social Media Experiment -

Too many social media analytics tools out there

Difficult to break in into niche markets – Journalism, Financial

Analysis

01

The Canvas Today

Week 5 - What we did?

Ended the social media analytics experiment

Focused on interviewing consumers for review

aggregation problem areas

Identify definite pain areas for consumers

Week 5 - What we learned?

*source – Cornell Hospitality Report Vol. 12 No.15, November 2012

Opportunity to become the Kayak of reviews

As mobiles become the new platform of internet and social media use, quicker and faster insights on the smaller screen become important

Need for observation of ratings or feedback over a timeline

Ratings have a direct impact on $$$*

Review aggregation problem is more of a convenience rather than a need

Social Media Analytics Go/ No Go

+ -No Go

Review Aggregation Application Go/ No Go?

+ -

Not a burning need for the consumer

$$$ depend on network effect

Data gathering issues???

Helps to have aggregation of

reviews

Saves time and effort

Easy and reliable insights

Depends?

Customer Experience Management Tool

+ -GO