Social Media Monitoring vs. Customer Intelligence Analytics

Posted on October 15th 2012

Social Media Monitoring vs. Customer Intelligence Analytics
 

This is a guest post by Gregory Yankelovich

Let's try to define the differences between Social Media Monitoring and Customer Intelligence Analysis based on content available on Social Media platforms.

Based on the questions I often get from marketing practitioners after the webinars and group speaking engagements, there is a considerable confusion about a difference between SSM and Customer Intelligence methodologies. Below is my first attempt to establish a clear demarcation line between the two approaches. Please help to refine this matrix with your feedback, comments and disagreements.

Social Media MonitoringCustomer Intelligence Analytics
SMM captures and measures WoM communications generated by anybody or anything: consumers, bloggers, marketers, pundits, industry analysts, customers, automated repeating and SEO software. The content originates from Social Media networks and other public (Internet) sources.

CIA captures and measures only customer communications about a product/service they have purchased and experienced. The user/customer-generated content (USG/CGC) can originate from public (Internet) or private (company) sources.

Transactional analytics, i.e., how much buzz there is about keyword=XYZ and whether it’s positive or negative. Focus is on BUZZ.Contextual analytics  - why customers purchased this product, what they do like and don't like about their experience, and to what degree. Focus is on Customer Experience.
Provides two-dimensional measurements per keyword provided – velocity and sentiment, i.e., how fast and furious the communications are generated, and whether they are negative or positive.Provides three-dimensional measurements per product/service – discovers what attributes of customer experience with the product are important to customers, measures how important each attribute is, and measures difference between customer expectations and customer experience with each attribute.
Immediate to short time frame communications are monitored and trended.Time frame is determined by a product lifecycle and trending of post-shipping customer feedback metrics.
Excellent for PR and Customer Support Crisis Management applications.Excellent for Strategic Marketing, MarCom Effectiveness, Product Management, Customer Support Management, Purchasing Management applications.

 

Gregory Yankelovich has over 30 years of leadership experience in defining, developing and marketing technology-centric products for B2B and B2C markets. He currently serves as the Customer Experience (CX) Whisperer at Amplified Analytics, the company specializing in technology for Opinion Mining of Customer Feedback for Strategic Marketing and Product Management Applications.

jkcallas

Jure KLEPIC

Jure Klepic, blogger, speaker and educator, is a change activist in the world of social media. Known for questioning and taking “poking” to a new level, Jure uses humor and a rational approach to analyzing how social media impacts our lives today. Willing to take on established thought processes, he relies on his over fifteen years of international marketing and sales experience to bring a fresh look to learning how to cope and grow in this dynamic communications environment. From small local institutions to large multi-national corporations, businesses seek out his unique insights on social media marketing, branding, influence, analytics and metrics, product development, co-branding and licensing. Never content to just “go with the flow,” clients world-wide appreciate Jure's honesty and integrity in crystallizing their social media and marketing strategies, so they can realize the maximum impact from today’s online influence tools. He continues working to bring his message of questioning the status quo to marketers, communicators and truth-seekers alike.
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Comments

Marcellini
Posted on October 15th 2012 at 11:34PM

A great social media monitoring tool that allows you to gather customer insights is Postano. Although a CIA tool would be very beneficial in addition to SMM, Postano allows you to monitor and easily cut through the clutter in a visual and effective way. http://www.postano.com/solutions/for-monitoring/

convima
Posted on November 2nd 2012 at 5:17AM

Thanks for that comparison, Jure. We were looking into different providers and wondered whether there's something out there that provides both, social media monitoring and customer intelligence analytics. After looking for a bit we went for eco (http://geteco.com/). They also have innovative ways how to gather and collect information. I found something on them on scribd: http://www.scribd.com/doc/111872212/eco-hospitality-brochure-pdf

Thx, Joerg.