Human side of social media analytics, presented by Jim Sterne

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Transcript of Human side of social media analytics, presented by Jim Sterne

SOCIALMEDIA.ORG/SUMMIT2014ORLANDOOCTOBER 27–29, 2014

Human side of socialmedia analytics

JIM STERNEEMETRICS SUMMIT & DIGITALANALYTICS ASSOCIATION

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

eMetrics Summit

Media Analytics Summit

Digital Analytics Association

Jim Sterne Human Side of Social Media

Analytics

Free Social Media Metrics books in the front rows

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

http://www.perceptualedge.com/blog/?p=820

Technical Side of Social Media Analytics

http://www.perceptualedge.com/blog/?p=820

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

How many people How many mentions How many minutes How many shares/retweets How many likes and dislikes

Human Side of Social Media

Analytics Measure

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics Measure Buzz

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics Measure Influencers

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics Measure Influencers

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics Measure Influential Topics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics Measure Sentiment

sarcasm, idiom, context, age, language, time, all of above

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Collection Cleansing Protection Deletion Ownership

Data Governance

Measure

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Financial/Transactional 98% Customer Satisfaction 90% Online Behavior 75% Advertising Response Rates 70% Social Influence 70% Social Sentiment 65%

Data Governance Data Confidence

Measure

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Extract, Transform, Load Munge Wrangle Transmute

Data Governance Data Confidence Data Integration

Measure

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Data Governance Data Confidence Data Integration

Measure

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Technical Side of Social Media Analytics

Human Side of Social Media

Analytics Measure

≠ Analysis

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Measure

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics Measure

is all about goals

≠ Analysis

Defined – language

Specific – amount and time

Supported– politically aligned

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics Analyze

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics

Like Click Follow Visit Retweet Watch Post Join Comment Subscribe Rating Register Bookmark Survey Recommend Qualify

Social Web

Proxies for Goals

Analyze

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Recommended Purchased Interacted

Clicked Commented

Repeated

Rated

Saved

Saw

Buzz Value

Human Side of Social Media

Analytics Analyze

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics

Impact of Social Efforts

Campbell Soup tweeted 72nd anniversary of Pearl Harbor AT&T and Build-a-Bear accused of capitalizing on 9/11 Kenneth Cole joked Arab Spring uprising due to their new spring collection DiGiorno Pizza responded to the #WhyIStay hashtag about domestic violence with, "You had pizza."

Analyze

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

The most exciting phrase that heralds new discoveries, is not Eureka! (I found it) but: Hmmm, that's funny - Isaac Asimov

Anomalies

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

The most exciting phrase that heralds new discoveries, is not Eureka! (I found it) but: Hmmm, that's funny - Isaac Asimov

Anomalies

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation

Human Side of Social Media

Analytics

Everybody is different

Some people are similar

Find similarities

Test hypotheses about cohorts

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation Reason Backwards

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation Reason Backwards Avoid the traps

Do not use statistics as a drunken man uses lamp-posts – for support rather than for illumination - Andrew Lang

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation Reason Backwards Avoid the traps

Cognitive Bias

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation Reason Backwards Avoid the traps

Correlation is not causation

Churches cause alcoholism

Ice cream causes drownings

Smoking lengthens seniors’ lives

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation Reason Backwards Avoid the traps

Correlation is not causation

Churches cause alcoholism

Ice cream causes drownings

Smoking lengthens seniors’ lives

Human Side of Social Media

Analytics

Spurious Correlations: tylervigen.com

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Anomalies Segmentation Reason Backwards Avoid the traps The art of the art

Human Side of Social Media

Analytics

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics Anomalies Segmentation Reason Backwards Avoid the traps The art of the art

http://www.visual-literacy.org/periodic_table/periodic_table.html

http://extremepresentation.typepad.com/files/choosing-a-good-chart-09.pdf

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

Human Side of Social Media

Analytics

All models are wrong

some models are useful George Box

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

It’s not having the best answers

It’s asking the best questions

Human Side of Social Media

Analytics

It’s not having the right numbers

It’s deriving meaning from the numbers

Jim Sterne – jsterne@targeting.com – @jimsterne – emetrics.org

eMetrics Summit

Media Analytics Summit

Digital Analytics Association

Jim Sterne

Free Social Media Metrics books in the front rows

Human Side of Social Media

Analytics

SOCIALMEDIA.ORG/SUMMIT2014ORLANDOOCTOBER 27–29, 2014

Learn more about past andupcoming events

SOCIALMEDIA.ORG/EVENTS