When we talk about social media analysis or monitoring, most of us think of something along the same lines. Analyzing mentions in social media to try to find insights, sales leads and the like. The focus is on finding mentions of a brand or its products in channels like Facebook, Twitter, blogs and forums.
There a few, however, already thinking up ways to use social media data for a very different purpose. Walmart is planning to use your social media habits to provide better and more relevant product recommendations. If I buy the latest album from Bob Schneider from Walmart.com, and you Google “top new music releases,” Walmart wants to show you an ad recommending the album your friend (me) just bought. Cool (and creepy), right?
The next big wave in social media data analysis is coming, and it has little to do with brand mentions. It has everything to do with you, the consumer. It would seem the next step is to move away from brand-focused search to customer-centric data aggregation.
There would be far more value in a brand mention if you also knew what brands the mention-er liked on Facebook or who their friend’s recommend to them. While we can derive a great deal of insight from pouring over singular mentions of our brand or our product, there is so much more to be learned from understanding the whole consumer, not the whole conversation.
Think about it this way: if I say, “I have to hand it to Duke, they’ve got a great squad this year!” does that mean more to you than if a Duke alum says it? (For the record, I would never say such a thing. Go Heels!)
If I’m known for disliking a specific brand or loving a specific brand, mentioning a competitor should have much more weight and meaning than a person who has never been part of the conversation before. In today’s world, it’s hard to connect those dots.
I’m sure this is someone out there developing a great new (creepy) tool that will let me not only see who is talking about my brand but follow those folks every move. And I cannot wait for the day that I will be able to use those kinds of insights in my work.
We are whole people. We are more than just singular mentions, and I can’t wait to learn more about the folks who are talking about brands and companies I care about. Imagine the kind of knowledge you will be able to learn.
Do you focus on mentions or do you focus on people? Have you considered mining and aggregating data this way?