A look at the power of harnessing social data inside an organization and the amazing competitive benefits that can come from doing just that.
There have been a number of pieces lately on social data and how predictive analytics can make certain different assumptions. Some of the recent examples in the press are around Facebook and the forecasting of dating couples becoming a couple or when someone will get married based on their friends' marriage dates (timely for Valentine's Day), or earlier in the season around Twitter and flu outbreaks. In my mind this is some interesting behavioral data that can help the average person wrap their heads around some of the big data processes that we in this space professionally understand can be mined in varied and vast ways. The other thing that these stories are conveying to the general public is that the data mined from their social activity is indeed public domain, but that's a story for another day...
Today, I'd like to talk about the power of harnessing social data inside an organization and the amazing competitive benefits from doing just that.
I think it's safe to say that we all recognize that there is a major evolutionary shift happening today - in the way that is transforming how we do just about anything. Gartner calls this the "nexus of forces." These are universal game-changers - data explosion, social media, proliferation of channels and devices, and shifting consumer demographics - that the chief marketing officer (CMO) is worried about.
And how we work is certainly under these same transformative pressures. There are efficiencies to be gained by applying social communication technologies and collaboration styles inside the organization that can lead to:
...and that's just by facilitating easier and more efficient and transparent ways of communicating and reducing our dependence on traditional email.
But the truly exciting part of this from an evolutionary perspective is to be able to apply the data science that we are hearing in B2C use-cases and turn that inside the business and understand the breadth and wealth of information that we create that could facilitate breakthroughs in both process and output. As organizations roll out collaboration and social platforms inside the company, the amount of internal user generated content is exploding just as much as it is everywhere else. These "digital footprints" can be a treasure trove of information to help preserve the competitive edge of the organization - in an age where speed and innovation are the keys to success.
Applying analytics to internal data provide the ability to:
The world is becoming both larger and smaller because of the abundance of data at our fingertips. We are able to form human relationships across the globe because of common interests that are shared on social platforms, both inside and outside of the organization. We are able to think through global strategies more quickly because of the cross-cultural input at early stages of development. By applying data strategies to internally created user generated content, we will be able to accelerate business processes that enable organizations to compete. The data is already there (and growing rapidly) and tools to leverage it are available and growing quickly. It will be interesting to see how quickly businesses look inward to start mining this data as the true competitive differentiator; I believe that sometime very soon, we will see that those that do will leapfrog forward and those that do not will be left behind.
I wonder when we'll be looking at our own internal data to plan for the impact of flu outbreaks within a company and how we can shift process or production to unaffected areas to compensate...
On the heels of a fantastic event in New York City, ClickZ Live is taking the fun and learning to Toronto, June 23-25. With over 15 years' experience delivering industry-leading events, ClickZ Live offers an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!
Want to learn more? Join us at ClickZ Live San Francisco, Aug 10-12!
Educating marketers for over 15 years, ClickZ Live brings together industry thought leaders from the largest brands and agencies to deliver the most advanced, educational digital marketing agenda. Register today and save $500!
Michelle Killebrew is passionate about marketing, especially innovative digital marketing strategies that deliver a superior brand experience - from initial acquisition through to loyal customer - and increase growth and profitability. She currently leads digital direct marketing and transformation for the IBM Cloud division where her team is responsible for the marketing strategy and lead generation engine for the division, including a digital lab designed to optimize digital platforms and user experience.
Previously, Michelle led the go-to-market strategy for IBM Social Business category, where her team focused on the strategy, messaging, positioning, thought leadership, and content for the more than 400 solutions that define social business and demonstrate how organizations can embrace this next information revolution in the workforce; a #NewWaytoWork. She maintains her passion for people-centric engagement as a social business evangelist. Prior to that, she headed up the worldwide go-to-market and revenue-bearing demand generation campaign strategy for IBM's new Smarter Commerce initiative (then made up of eight recently acquired companies), where her team was responsible for marketing B2B/commerce and enterprise marketing management solutions to meet the needs of the empowered customer.
She was recently named a "Top 40 Under 40" award recipient by Direct Marketing News, and among the "26 Content Marketing Experts to Follow in 2015", "150 Great Marketers to Follow in 2015" and "Top 25 Women to Rock Social Media of 2014."
Michelle has more than15 years of high-tech marketing and holds a B.S. in economics from Santa Clara University.
Gartner Magic Quadrant for Digital Commerce
This Magic Quadrant examines leading digital commerce platforms that enable organizations to build digital commerce sites. These commerce platforms facilitate purchasing transactions over the Web, and support the creation and continuing development of an online relationship with a consumer.
Paid Search in the Mobile Era
Google reports that paid search ads are currently driving 40+ million calls per month. Cost per click is increasing, paid search budgets are growing, and mobile continues to dominate. It's time to revamp old search strategies, reimagine stale best practices, and add new layers data to your analytics.
June 10, 2015
12:00pm ET/9:00am PT