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Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
A presenta*on from the NewMR ‘Listening is the New Asking’ Text Analy*cs Event -‐ March 8 2011
The sponsor of the ‘Listening is the New Asking’ event is Zinc Research For more informa*on about NewMR events visit newmr.org
The copyright for this material is jointly owned by The Future Place and the presenter.
‘Quick and Dirty or Slow and Careful: Social Media Data Speaks’ Annie PeRt, Phd Conversi*on Strategies, Canada
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
Quick and Dirty or Slow and Careful:
Social Media Data Speaks
Annie Pettit, Phd Chief Research Officer
Conversition Strategies: Social Media Research by Researchers for Researchers
NewMR Virtual Festival Listening is the New Asking, Feb 2011
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats Social Media Research Myths
Easy: Anyone can do it with minimal resources or training
Fast: The internet is instant and Twitter is
more instant
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
• Target BUT NOT – Above target – Below target – Easy target – Likely target – Main target – Profit target – Real target – Stock target – Target acquired – Target demographics – Target group – Target market – Target date
Keyword vs Brand Search Keyword Search • Target • Gap • Apple
Brand Search
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
Choose the Brand Search
47.8%
40.3%
28.2% 31.6%
26.0% 28.4%
7.0% 5.2% 5.8%
14.4% 11.5%
9.0%
0%
20%
40%
60%
Target Gap Apple
Box Scores for Clean/Dirty Dataset
T2B Clean T2B Dirty B2B Clean B2B Dirty
It takes just minutes to set up a keyword search but much longer to set up a brand search. Are conversations 47% positive or 31% positive?
Correct
Incorrect
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats Brand Name vs Brand Slang
Brand Name • McDonalds • Walmart • Jennifer Lopes • Lindsay Lohan • Walmart • Starbucks • Tim Hortons
Brand Slang • McDonalds AND
– McD and Golden Arches and Mickey D and MickeyDee
• Walmart AND – Wally World and Walfart and
Walbarf and Walmarx and Walqaeda and Waltard
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
Choose the Name and the Slang
9%
15%
49%
32%
40%
28% 32%
9%
17%
7%
0%
10%
20%
30%
40%
50%
American Idol AmericanIdol AI10 #AI10 Idol
Box Scores for Subsets of Data
Top 2 Box Bo_om 2 Box
If you don’t collect all components of the data, you will collect a skewed portion of the data. Are conversations 9% positive or 49% positive?
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats How Much Pie?
One Slice Please • Twitter’s so quick and
easy, I’ll just grab my data from there.
• I’m already a Facebook fan so I’ll read the data there.
Many Slices Please • I’ll have slice of Twitter
and Facebook and Flickr and …
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
Choose Every Pie
29%
35%
25%
38%
26%
38% 36%
25%
9%
15% 15% 12%
8%
19%
0%
10%
20%
30%
40%
50%
Microblogs Blogs Video Photo Commen*ng Q&A News
Box Scores for Sources of Walmart Data
Top 2 Box Bo_om 2 Box
If you don’t collect data from everywhere, you will collect a skewed set of data. Are conversations 25% positive or 38% positive?
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats Blue, Blue, My World Is Blue
Character Phrases • Blue • Gray • Orange
Contextual Phrases • Blue but NOT
– blue ray – Blue Cross – Blue Shield – Jet Blue – Blue collar – Bluejay – Blueprint – Bluetooth – Winter blues – Blue Thumb – Out of the blue
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
Code ONLY Brown
33%
51%
43% 43%
30% 28%
21% 17%
4%
12% 10%
22%
28%
21%
-‐20%
0%
20%
40%
60%
Brown (Any) Jackson Brown
Mae Brown
Charlie Brown
Chris Brown
Joe Brown
Les Brown
Box Scores for Various Browns
Top 2 Box Bo_om 2 Box
If you don’t code the data correctly, you might as well not code at all. Are conversations about the color brown 33% positive or 51% positive?
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats Choose One
Quick and Easy • Incorrect dataset • Incomplete dataset • Incomplete sources • Confounded variables • 4 known confounds
= low quality results
Slow and Difficult • Correct dataset • Complete dataset • Complete sources • Quality variables • High quality results
Hint: Choose this one
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats
Thank you Annie Pettit Phd [email protected] Conversition Strategies Social Media Research By researchers, For researchers
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats Q & A
Annie PeRt Conversi*on Strategies
Ray Poynter The Future Place
Annie Pettit, Conversition Strategies, Canada NewMR “Listening is the new asking” – Text Analytics and Market Research, March 8, 2011
@LoveStats Annie Pettit, PhD
Read my blog h_p://www.conversi*on.com/blog h_p://lovestats.wordpress.com
Follow me on Twi_er h_p://twi_er.com/conversi*on h_p://twi_er.com/lovestats
Friend me on Facebook h_p://facebook.com/anniepeRt
Link with me on LinkedIn h_p://ca.linkedin.com/in/anniepeRt