Did Social Media Predict The Super Bowl? No.

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Although most of my Cambridge-based colleagues don't want to bring it up, last night's Super Bowl was exactly the spectacle we've come to expect from the nation's most-watched event. We saw hundreds of new commercials (some good and many bad), a crazy half-time show (with a random tightrope walker), and one other thing . . . what was that? Oh, yeah, a football game.

In the weeks leading up to the game, I noticed a trend around the game itself. Dozens of blog posts and news articles claiming they could predict the Super Bowl winner using social media. Although most of these were fluff pieces to fill a slow news week and capitalize on the nation's renewed interest in the NFL, my research skepticism kicked into overdrive with some of them. Not to call anyone out directly, but with all of the PR teams sending me press releases about "predicting" the outcome, I just can't let this slide. So, can social media predict the outcome of the Super Bowl? No.

Each of these predictions came from collecting and analyzing social data. Some predictions came from simple metrics like the volume of mentions around one team against the other. A few of the predictions used the sentiment of mentions — such as a positive mention for the Patriots versus a negative mention for the Giants. And some predictions even used influence calculations to understand how different market segments discussed their favorite teams. In the end, this means that some of the predictions were right and some were wrong. But hey, it was a 50/50 shot anyway. Even with coin-flip odds, it seems that more than half were wrong . . . but that actually distracts from my argument, because even if they guessed right, they were wrong to do so.

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Social Listening Isn’t Enough: Start Integrating Social Data

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Nearly two years ago, I published our first report on Social Intelligence; it included this headline: “The Time To Start Listening Is Yesterday.” In the report, I pushed for the importance of social listening, but I made a call that there’s more to social media than monitoring conversations for brand mentions. But now, as we near the end of 2011, we’ve found that while most companies do in fact listen, few have Social Intelligence strategies and most don’t yet gain true actionable business insights from the data they collect. So even though listening is still very important for brands, it’s time Customer Intelligence teams start using social data.

That’s why I’m eager to announce our latest research on social media data, “The Road Map To Integrating Social And Customer Data” (client link). This report focuses on the role social media data plays for CI professionals. And as the title hints, the role is “integrated with customer data.”

This research was born out of the idea that too many companies have siloed data practices, keeping marketing and business data on one side of the organization and social media data on another. But as I often say – if you only listen to social media, you only learn about social media. To get the most out of social media data, you must integrate it with other data.

For CI teams, integrating social and business data gives you deeper customer insights, the ability to inform targeted marketing, and a more complete view of marketing measurement. But because integrating social data is easier said than done, we’ve put together a road map on how to do it (hence the “Road Map” part to the report’s title) – here’s a quick peek:

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The Big, Gray, Squishy, And Constantly Moving Line Of Social Data Privacy

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Last week at Facebook's developer conference, the massive social network announced a few big changes. Loosely veiled in the enhanced features is a startling amount of new data, giving Facebook even more capabilities to track and learn from consumers sharing behavior, networks, purchases, songs they listen to, and so on.

While there were no direct announcements about what this means for marketers, it's still brought a fair amount of discussion around social marketing, customer data, and the future of consumer privacy online. Last week I tweeted a link to this summary (and pointed out the URL's passive aggressive analysis). But since then, the concerns around Facebook's use of data have only increased. So what does this mean to Customer Intelligence professionals?

The way I talk about customer privacy and social data - the information you can collect and manage from social media channels - is that it's a big, gray, squishy, and constantly moving line. It's not black and white. It's not a thin line. And the overall sentiment about how privacy online works seems to shift constantly. The best thing Customer Intelligence teams can do today is to make sure they're on the right side of that line.

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Participate In Our 2011 Social Data Survey

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Do you use a listening platform? Maybe a social media monitoring tool? Or work with a social analytics vendor? All of the above? Well if you do, we need your help. Today we're kicking off the second annual report covering the many ways businesses use social media data. Our goal is to find out who uses social data, how they use it, and for which business purposes. To answer these questions, we've created a survey (available here and below) that will ask you about your experience with social listening tools.

Our survey last year created this report, and I'm eager to see how the market has changed over the last year. For example, last year we learned that most listening platform users conduct fairly basic tasks with the tool — such as brand or competitive tracking, or quick market research, as seen in the graph below. Now I want to see if, a year later, an increased percentage of companies use social data for more interactive tasks — such as sales or customer support.

This is a big annual project for us, and it's great fuel for my ongoing research, so please help us out and take this short (5-10 minute) survey on your use of social listening tools. In return, we will send you a free copy of the research — hopefully publishing in early October — with which you can benchmark your current work against the rest of the market, learn about new ways to use listening tools, and get an understanding of how to improve your social data practices.

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Reminder: Deadline For The Forrester Groundswell Awards Is August 3rd

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Every summer we play host to the Forrester Groundswell Awards, a contest to find the best examples of social media success. This will be our fifth year running the awards (and my fourth year helping organize and judge entries), and I'm eager to see how far we've come in the industry. To see highlights of previous years, check out this earlier post on past Forrester Groundswell Award Winners.

These awards are a great opportunity for you (or your clients) to get recognized for your work. We publicly highlight the best applications here on the Forrester blogs, announce the winners at Forrester Conferences this fall, and often use many of the winning (and runner-up) entries in our research throughout the year. So if you want exposure for your success, it's an easy way to get your work in front of the masses.

So entering is easy, but how do you win? Here's a list - borrowed from the Forrester Groundswell Awards' creator, Josh Bernoff - to help give you the best chance:

1. Put numbers in your entry to demonstrate that your applications created business value.

2. Include a link to an online site where we can see how your application works.

3. Enter in a category where you can stand out: B2C, B2B, international, or corporate applications, with clear objectives.

4. Start now. The best entries take a while to prepare, and you may need to get your client's permission.

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Social Intelligence On The Road: June 2011

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After the longest winter I can remember, it's finally getting nice out in New England and it seems summer is finally around the corner. Along with the weather, the market's interest in social intelligence is heating up, too. I'm filling my days talking to marketers interested in using social media data to inform their business strategies.

As a result of this growing interest, I'm hitting the road in June to share my research. Along with a packed series of client and vendor visits, I have a few events coming up that I hope you can attend:

  • On June 8th, I'll speak at MeasureUp — a conference dedicated to marketing measurement. My session is on "Social Network Analysis" and covers the theory and practice of understanding your customers through the combination of their online conversations with social network connections, all made possible through the customer database.
  • On June 16th, I'll speak at the Vocus User Conference, in a session titled "Combining Public Relations With Customer Intelligence." In this talk, I'll speak about the different ways social media data is driving a revolution for the PR industry.
  • On June 20th, I'll lead a session with Forrester's Customer Intelligence Leadership Board (our networking community of CI professionals) on new trends in customer influence. For this session, I'll share some of the data I showed at SXSW this spring and give a sneak peak at my upcoming research on identifying, measuring, and utilizing customer influence.
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Join The Tweet Jam On Social Influence

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Social influence is one of the hottest issues for Customer Intelligence and Interactive Marketing professionals today. Not a day goes by that I don't talk with marketers or vendors about how to identify, measure, and utilize influential sources online. But for all the interest, there's not much out there defining or standardizing how influencers work — or what online "influence" even means. As a result, I'm kicking off some new research covering how social media makes it possible to find and engage with your brand's influencers. My last research on this subject — now over a year old — is still one of my most-read reports, proving that there's a need for an update.

As luck would have it, thanks to @SarahSGlass, who's a researcher on our Interactive Marketing team and our Customer Intelligence Community Manager, and @Mike_Grant_FORR, we have a perfect venue to open the discussion around social influence: a tweet jam. Yes, "tweet jam" sounds silly, but it's a great way to connect with others and to share and learn about an interesting topic. Our Interactive Marketing team holds a weekly discussion on Twitter, using the #IMChat hashtag, around certain marketing topics and has had great success so far.

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Update On The Customer Intelligence Community

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Back in February I announced the introduction of our Customer Intelligence Community -- a place to discuss the news around customer data and the business challenges CI professionals face every day. Over the past few months the community's really started to heat up, with hundreds of new members and many lively discussions, and today I wanted to share some of the highlights.

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Social Data Meets Customer Data

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As much as I believe in the power of social media data, I've always stood by the fact that if you just monitor social media, you'll only learn about social media. If you want to learn about your customers, you'll have to look at them across all of their varied communication channels.

With this concept in mind, today NM Incite and Clarabridge announced they are joining forces — and data — through an integration partnership. The strategic alliance gives customers the ability to feed NM Incite's social data through Clarabridge's text analytics platform, run sentiment analysis, and combine it with other voice of the customer (VoC) data. This partnership signifies two important areas for Customer Intelligence professionals:

  • Successful VoC programs require access to social media. Social media is important in the customer feedback space, but it's not the silver bullet. It is a series of channels to monitor consumer discussion and gain customer insight — but it's just one set of many areas to learn about customers. A complete picture of a customer comes from any of the fragmented ways they communicate — including surveys, chat transcripts, call logs, and more. Just yesterday my colleague Andrew McInnes — our resident VoC expert — published research on the importance of listening to social media as part of the customer feedback process. Check out Andrew's blog for more VoC coverage.
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Salesforce.com Acquires Radian6 In A Push Towards Social CRM

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It's been quiet on the social media data acquisition front the past few months, but today's announcement — that salesforce.com plans to acquire Radian6 — is the biggest news yet, both financially ($326 million) and for what it means to the social space. First off, congratulations to both parties involved; this deal will benefit you both.

Watching the two companies over the past year, this acquisition comes as a natural extension of what was already a strong partnership. Radian6 was one of the first listening platforms to identify the need for — and implement — salesforce.com integration. Salesforce.com recently announced a Radian6 app as part of its service cloud. Last month Radian6 began feeding salesforce.com's Chatter data into its Engagement Console. And just last year, Radian6 brought on a new director — former salesforce.com CMO, Tien Tzuo — to advise on its SaaS offering. The deal is a logical step for salesforce.com and a testatment to Radian6's strength in the listening platform market.

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