+ All Categories
Home > Documents > Social Targeting: Understanding Social Media Data Mining & Analysis

Social Targeting: Understanding Social Media Data Mining & Analysis

Date post: 27-Jan-2015
Category:
Upload: infini-graph
View: 113 times
Download: 2 times
Share this document with a friend
Description:
Chase McMichael – CEO, InfiniGraphSocial Targeting: Understanding Social Media Data Mining & AnalysisWith the advent of the social web, companies that aren’t actively mining, analysing and using social media data are missing a huge commercial advantage. In this session Chase McMichael will explain how social targeting works, including technologies, techniques and opportunities. He will also highlight the privacy challenges facing the industry.
Popular Tags:
33
1 Twitter @chasemcmichael @infinigraph [email protected] http://blog.infinigraph.com.
Transcript
Page 1: Social Targeting: Understanding Social Media Data Mining & Analysis

1

Twitter @chasemcmichael @[email protected] http://blog.infinigraph.com.

Page 2: Social Targeting: Understanding Social Media Data Mining & Analysis

2

SOCIAL TARGETING : UNDERSTANDING SOCIAL MEDIA DATA MINING & ANALYSIS

Image by Michael Wu

Page 3: Social Targeting: Understanding Social Media Data Mining & Analysis

3

UNPRECEDENTED COST-EFFECTIVE ACCESS

•Twitter has reached 90 Million tweets a day

•Facebook is now over 500 Million

•eMarketer - 2010 social network spending will rise nearly 20 percent, to $1.68 billion, up from an earlier forecast of $1.3 billion in December.

Page 4: Social Targeting: Understanding Social Media Data Mining & Analysis

4

HYPER COMMUNICATION IS NOW

Consumers provide information on what

they are into

Page 5: Social Targeting: Understanding Social Media Data Mining & Analysis

5

THE SOCIAL UNIVERSE

The Social Graph is EXPANDING

Image by JESS3

Page 6: Social Targeting: Understanding Social Media Data Mining & Analysis

6

CONSUMER HAVE MANY MEDIA CHOICES

Social Context and Data is MASSIVE for intelligent targeting

Social Database

Page 7: Social Targeting: Understanding Social Media Data Mining & Analysis

7

FACTS ABOUT SOCIAL TARGETING

• You’re 5 times more likely to respond to marketing messages from a brand a friend uses than a brand with which they have no prior affinity

• Social targeting leverages the most powerful contacts of existing brand fans

Page 8: Social Targeting: Understanding Social Media Data Mining & Analysis

8

FACTS ABOUT SOCIAL TARGETING

• Social targeting companies license anonymous data from social networks, blogs and messaging platforms

• Strong connections are identified by factors such as how recent the interaction is, how frequent it is and whether it’s reciprocated

Page 9: Social Targeting: Understanding Social Media Data Mining & Analysis

9

WHAT ARE SOCIAL ADS

Page 10: Social Targeting: Understanding Social Media Data Mining & Analysis

10

1-800 FLOWERS.COM SEES CTR LIFT

Page 11: Social Targeting: Understanding Social Media Data Mining & Analysis

11

FRIENDS TRUST FRIENDS

Knowing your friend “Like” something is greater than any advertisement can create −WHY? Friend to Friend

Affinity and Trust

Page 12: Social Targeting: Understanding Social Media Data Mining & Analysis

12

TRANSFORM CRM INTO SOCIAL RELEVANCE

Makes $45k-$65k/yr

Account Executive

Works in IT space

College Graduate

Straight

Enjoys Scrapbooking

Doesn’t Smoke

Does Drink

Watches The Office

Likes Tome Hanks

Listens to Pop Music

Reads C.S. Lewis

Watches Comedies

Likes Miami Heat

Drinks Starbucks

Eats at Chili’s

Shops at Macy’s

Likes the beach

Gets Manicures

Supports YMCA

Conservative

Christian

Amber [email protected]

Found on

SingleNo Children

Around 5’7”

Female

25-30 Years Old

Lives in Miami, FL

Athletic White

Page 13: Social Targeting: Understanding Social Media Data Mining & Analysis

13

SOCIAL INTELLIGENCE- CONNECTING THE DOTS

• Influencer Rank• Blogs• Twitter Reach & Effectiveness• Comment Volume• Content Consumption Graph

In your data today:

Chase McMichael1051 Menlo Oaks Dr.Menlo Park CA 94025Married, Father of 3Income LevelEmail AddressPhone Number

Industry Normalized Data To Increase Usability Based on SIC Codes

• Work History• Friends/Community• Education Level• Brand Preference• Political Affiliation • Entertainment • Sports Affiliations• much more …

Page 14: Social Targeting: Understanding Social Media Data Mining & Analysis

14

SOCIAL DATABASES SOCIAL CRM

• The creation of these Social Database enables the ability to mine all that information allowing you to find and connect conservationists and the Collective Consciousness flow to identify people interested in particular topics

Page 15: Social Targeting: Understanding Social Media Data Mining & Analysis

15

SOCIAL DATABASES SOCIAL CRM

• By capturing their user name and then following them once they follow you back a direct message is sent – this new form of mass marketing mass messaging its already being done today

Page 16: Social Targeting: Understanding Social Media Data Mining & Analysis

16

EXPANDING SOCIAL CRM - THE DATA SIDE

HIGH-VALUETARGET SEGMENT

Page 17: Social Targeting: Understanding Social Media Data Mining & Analysis

17

TOP RANK AFFINITIES – SOCIAL KEYWORDS

People into a top baby product and its other affinitiesProvides insight for co-marketing, social ad optimization and influence targeting.

Page 18: Social Targeting: Understanding Social Media Data Mining & Analysis

18

SPORTS CROSS RELEVANCE

Active fan of the Colts are also active vans of these teams

Page 19: Social Targeting: Understanding Social Media Data Mining & Analysis

19

SOCIAL AD TARGETING WORKS!

• Advertisers say the new wave of social-networking targeting is registering impressive results.

• Daphne Liska, senior manager of Internet marketing at eBay, said the 33Across campaign was more successful than standard online ads."

Page 20: Social Targeting: Understanding Social Media Data Mining & Analysis

20

FACEBOOK AD BUY INTERFACE

Page 21: Social Targeting: Understanding Social Media Data Mining & Analysis

21

WAYS TO TARGET SOCIAL ADS

• Serve ads on where friends graph is directly connected

• Use social graph information to do retargeting on other ad networks

• Mine your own data target based on relevant affinities and context

Page 22: Social Targeting: Understanding Social Media Data Mining & Analysis

22

CONTEXT MATTERS - PROOF

• Complex.com wanted to see proof that Social Intelligence would increase Click Through Rates (CTR)

• The promotion: The 50 Most Badass Premier Legue Moments of the 2000’s

Results

• Increased the (CTR) by 58% from the original post

• Generated a 66% increase in Re Tweet driving broader social reach.

Page 23: Social Targeting: Understanding Social Media Data Mining & Analysis

23

CONTENT IN CONTEXT – ITS HOT!

Page 24: Social Targeting: Understanding Social Media Data Mining & Analysis

24

SOCIAL RESONANCE WORKS

InfiniGraph ranks shared content based on people connections, influence and brand affinity associations to identify Trusted Content Sources

Page 25: Social Targeting: Understanding Social Media Data Mining & Analysis

25

CONTENT CONSUMPTION GRAPH

Before After

Facebook & TwitterContent Stream “Feed”

“The Content Stream”What is the health of your feed?

Page 26: Social Targeting: Understanding Social Media Data Mining & Analysis

2626

ADS TARGET BASED ON CONTENT

Social Ad - 4% CTR

Page 27: Social Targeting: Understanding Social Media Data Mining & Analysis

2727

INTELLIGENT CONTENT AUTOMATION

Company Branding

Sponsor Ad Insertion Like, Share, Buzz & ReTweet

Content processing, link shortening, hash-tagging, ad insertion & distribution

Trusted Content Sources

Page 28: Social Targeting: Understanding Social Media Data Mining & Analysis

28

THE PROBLEM

Deliver relevance to the target consumers who drive purchasing,

sharing and conversationPeter Bordes: “I think we are heading into the "age of relevance" which moves beyond search, and this is a win win in regards to marketing and advertising... its also a win win for the consumer as it cuts down on noise.”

Page 29: Social Targeting: Understanding Social Media Data Mining & Analysis

29

CONNECTIONS ANALYSIS

Real-time social analysis of brands’ social community connections and content interaction to intelligently target the relevant audience

Page 30: Social Targeting: Understanding Social Media Data Mining & Analysis

30

EMPOWERING TARGETING

Without engagement, you won’t be moving the needle on the metrics that really matter

Can social targeting increase engagement?

Short Answer – Yes

Page 31: Social Targeting: Understanding Social Media Data Mining & Analysis

31

PRIVACY CHALLENGES

• Behavioral targeting on social connections will open up a whole new host of privacy issues

• Does the consumer know they are being targeted

• Media6Degrees’ Phillips says “Privacy doesn’t tend to be one of the top concerns”

Page 32: Social Targeting: Understanding Social Media Data Mining & Analysis

32

TAKE AWAY

• Social Ads work as seen with the growth of ad targeting on Facebook

• Social graph and data is ad targeting nirvana

• Relevance is critical to making social ads work

• Enabling customers to opt out is a must have

Page 33: Social Targeting: Understanding Social Media Data Mining & Analysis

33

THANK YOU!

Twitter @chasemcmichael @infinigraph

[email protected] http://blog.infinigraph.com. All rights reserved.


Recommended