Translate

Showing posts with label Business Intelligence. Show all posts
Showing posts with label Business Intelligence. Show all posts

Tuesday, December 30, 2014

Is Technology creeping you out? Five Safety Tips




"All those Facebook 'likes', Twitter posts, Google searches and downloaded Apps improve our lives in so many ways. But they're watching us. A gold mine of personal information is returned to corporations and governments that shows what we buy, where we travel and even how healthy we are." - Anna Maria Tremonti on The Current, CBC.


This is an except from an interesting talk on CBC Radio today about the hazards of technology in the realm of big data and privacy. I"m glad CBC talked about it and especially, that they got Tom Keenan, a computer scientist and a professor in the Faculty of Environmental Design at University of Alberta to share safety tips.


Tom has recently authored Technocreep: The Surrender of Privacy and the Capitalization of Intimacy. The books describes how increasingly open access to big data is revolutionizing and redefining privacy and intimacy in the marketplace. Any one who is into social media, marketing, CRM, data collection or analysis, is aware of the creepiness of technology. Whatever you like or tweet is out there for everyone, including those who want to know what you like or don't.

Most of us would love to share information about our whereabouts on Foursquare or Facebook. I do it all the time. And yet, little do I realize that some machine somewhere is recording all of that, just so they can market  better-suited products and services to me. This is not so bad. But what if you are at a bar hoping for anonymity. A Russian-made iPhone app "Girls Around Me" can happily announce your presence to others around you who can then look up your FB profile to know more about you ( depending upon how much of information is publicly available). Softwares like Spokeo can conveniently collect and correlate all the information available online within minutes. Just so when you check in into a hotel, don't be surprised to see your favourite brands for toiletries welcoming you in the shower. There are a million and one uses of big data, and we just don't know where does it end. Or, does it at all?


  An excerpt from the book:
Image Creep
I saw Google Glass before it was even a twinkle in Eric Schmidt’s eye.

As a technology writer and reviewer, I was sent demo versions of all sorts of products, including some that never made it to market. In the mid 1980s, a package arrived with one of the first heads up television displays aimed at the consumer market. It was set of glasses with a tiny monitor and a prism that allowed you to watch TV while still participating in normal life. 

The device, now consigned to the tech dustbin, did give me one moment of profound technocreepiness. I was testing it one night in my university office, using it to watch Sixty Minutes. The cleaning lady came in to empty the trash. I will never forget what happened next. I saw a chimera—an elderly lady’s body with Mike Wallace’s head grafted on top. I screamed. She screamed. It seemed like a dumb way to watch TV, so I sent the thing back and wrote a lukewarm review: it was also extremely uncomfortable to wear. 

The introduction of Google Glass has brought this type of technology literally to the public’s eye. All of sudden, people are walking around with a device that enhances their ability to grab information out of the ether. Google Glass wearers can potentially recognize your face as they shake your hand, and then casually glance upwards to retrieve your kids’ names and birthdays. 

But what really alarms many is that Google Glass can also secretly take a picture, or record a video, and immediately upload it to the Internet, just by the wink of an eye or the raising of an eyebrow. Google Glass does have a light to indicate when it is taking a photo or recording video. People promptly found ways to subvert it.
 This is hilarious!

Tom Keenan has offered some tips for the safety-conscious which I'll briefly share below:

  1. Multiple Email addresses: It's a good idea to use secondary email addresses to share with companies that are looking for consumer information.
  2. Delete Browsing History: Routine deletion of browsing history helps safeguard your information specially if you are using a public computer. Many internet companies like Google use browsing history information to track your online habits to enable user-focused adverting.
  3. Use 2-Step Verification: Passwords are the necessary evil. Keep them secure, and use the 2-step verification process offered by most online services. Every step in this direction counts.
  4. Social Media Sharing: It is fun and easy to post information and pictures on social media. But think before sharing any information. Who is reading it and how could it be used? Is your data being traded? Ensure that you read policies of any platform you joining and participating. And, follow privacy guidelines.
  5. Report Issues: If you notice any issues, don't ignore. Report it to the service provider, as well as to relevant law-enforcement authorities. 

Are you aware of CASL? Learn more and stay safe.

To listen to the talk,visit http://www.cbc.ca/thecurrent/podcasts/current/

Wednesday, November 19, 2014

Sysomos: Harnessing the Power of Social Intelligence




Here’s a database that brags of more than 50 billion social media conversations already stored, and two billion being added every week from all across the globe in multiple languages. Sysomos, founded by two computer scientists (a University of Toronto alumni along with his teacher) as part of their Ph.D project, is one of the leading social media monitoring and engagement tools used extensively by leading Fortune 500 companies such as Microsoft, Google, Coca Cola, Bell, UPS, Toyota, the list goes on. 

Let’s take a moment to understand the role of social media and social networking sites in the realm of consumer relationship marketing. Social CRM is about obtaining intelligence from social conversations, which can then be utilized in marketing plans: to understand the marketing, identify opportunities and create successful strategies. These social conversations woven around products, services or brand are often dubbed as “word of mouth” or WOM. When a consumer shares their experience of a particular product or service on the internet, they add to  the "market influence" about accepting or rejecting that brand. This influence is further passed on to others who might add more or pass it as it is. Four variables have been recognized in the marketing and consumer behaviour research regarding their role in WOM behaviours: tie strength, homophily, trust and interpersonal influence.

Social networking sites have enabled consumers to connect with others by exchanging information, opinions, and thoughts about products and brands. This is the “eWOM”. Hennig-Thurau et al. (2004) defined eWOM as “any positive or negative statement made by potential, actual, or former customers about a product or company, which is made available to a multitude of people and institutions via the Internet”. eWom occurs through consumer-to-consumer conversations via blogs, emails, consumer review, websites, forums, and virtual consumer communities or on social networking sites. eWOM has been proven to have a significant influence on product sales, consumers’ decision-making processes, and attitude towards the brand and the website. 

What happens on a typical social networking site in a business-to-consumer relationship? Consumers become friend, fan, like or follow the brand. In a consumer-to-consumer conversation, brand-related eWOM takes place via the following channels: opinion seeking (ex: asking questions), opinion giving (ex: FB status and tweets) and opinion passing (ex: shares and retweets). 
Web 2.0 has provided us the ideological and technical foundation in the form of social media to build and strengthen business relationships. While collaborative, creative work-sharing, micro-blogging and social networking sites allow us the luxury to build B2C or C2C relationships, social CRM tools help us to monitor, measure and build further on these relationships. Before we delve further into what Sysomos does, I’d like to share a quote from Sysmos’ senior vice-president of Marketing about the confluence of social with business

“It’s (social is) a behavior and a method of doing business that demands open communication and community focus regardless of the technology involved. The tools are just enablers of that philosophy, exposing the ability to be more communicative and customer-centric through tech.”

With the latest news about Twitter planning to add a BUY button to enable instant shopping, we can only imagine how “social” our business is getting, and the value of engaging consumers and managing relationships with them. Social CRM recognizes that instead of just managing customers, the role of the business is to facilitate collaborative social experiences and dialogues that consumers value. With billions of conversation happening every day around the world, we need to know “what, when, why, who and where” of these conversations. This is where social media listening, measuring and engagement tool Sysomos comes into picture. 

What is Sysomos?

Through the use of contextual text analytics and sophisticated data-mining technology, the Sysomos social intelligence engine collects data from blogs, social networks, message boards, wikis and major news sources. Sysomos, then, integrates all of that data into one, intuitive user interface that allows clients to get the intelligence needed to learn, monitor and engage with their audience. The Sysomos core offerings are:
                       MAP or  Media Analysis Platform that analyzes and understands social media conversations
                      Heartbeat, a real-time monitoring and measurement solution that provides constantly updated snapshots of social media conversations

How does Sysomos work?

Social media is an indisputable and indispensable source of business intelligence. Say, a Marketing Manager wanted to know how their company’s product is performing by monitoring social conversations about the product, she engages Sysomos to access a rich and almost overwhelming database updated every few minutes, to produce an instant report analyzing the metadata on social platforms like Facebook, Twitter, and so forth about the social context and tone of the conversations and who is driving those conversations. Sysomos’ Automated Sentiment Analysis engine can drill down into conversations, categorize drivers of positive and negative sentiments, and generate a report within seconds. This is a very valuable data that the manager can use to plan their marketing campaign, engage with unhappy consumers, or generate leads for their sales force.


What makes Sysomos top of the line tool for Consumer Relationship Marketing?


  1.   Sysomos offers social intelligence to enable marketers/key decision-makers to make smart decisions.
  2.   Sysomos can monitor fans/followers and provide intelligence such as “Best Time to Tweet”

                     

                                            Best Time to Tweet: Peak-Tweet Times


        
                                   

            An Individual's Twitter Followers                                    Coca Cola’s Twitter Followers


    3. The fact that Sysomos allows you to search in 186 languages, adds to its global appeal.

Courtesy: http://social-media-monitoring-review.toptenreviews.com/sysomos-details.html

4.  Sysomos has a relatively higher sentiment accuracy of 86% compared to other industry tools.

Courtesy: http://social-media-monitoring-review.toptenreviews.com/sysomos-details.html

In today's world with cutting-throat competition, a social monitoring and engagement management tool such as Sysomos can be a valuable marketing measurement tool for Consumer Relationship Marketing.

How does Sysomos help build relationships?


To achieve the full benefits of Social CRM, a CRM Tool should also support the relationship-building aspect of a business unit. Below are some ways Sysomos can help an organization.

a)      Know Your Consumers: Social profiles provide rich demographic and psychographic information on your current customers, that can help marketing departments understand trends and plan their campaigns.
b)     Identify Key Influencers. Once you know who can drive valuable conversations and act as opinion leaders, you can monitor their conversations and set up alerts on specific activities. Ex: congratulate them when they get quoted, or promoted.
c)    Deliver Fast, Responsive Customer Service: Set up alerts using tag words to spot issues even before a support ticket comes in. By jumping into such conversations, you will demonstrate that you care about them.
d)    Identify Trolls: By identifying trolls who post negative comments and add fuel to the fire, you can take actions to stop the menace and further damage to relationships.
e)    Use the Right Communication Style: By listening to your consumers, you can learn about their communication parameters, and plan a relationship-building communication style that will appeal to your audience.


To conclude, Sysomos is being increasingly recognized as a dynamic tool in the Social CRM industry. It partnered with Marketwired some time ago to provide leading edge social media measurement. Sysomos-powered solutions allow their clients to tap into information in 186 countries and 189 languages. With the help of Sysomos Social Intelligence Engine, a catalyst for innovation and value creation, clients have discovered new ways to achieve their business objectives.