Decooda 2012 Max Award Finalist

by David Johnson on January 23, 2012

Decooda is honored to be among the elite companies selected as a finalist for the 2012 MAX Awards. The MAX Awards are presented by the Department of Marketing at Georgia State University’s J. Mack Robinson College of Business in conjunction with Atlanta Business Chronicle. All proceeds from entry fees and the event are used to support an Outstanding Minority Marketing Student Scholarship Fund.  Winners will be announced February 24th at the Georgia Aquarium.

Link to Decooda

 

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Check it out it’s very interesting - http://bit.ly/wGgshH

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This is crazy.

Organizations have every right to be skeptical of the current crop of sentiment and text analysis tools on the market, a fact supported in a recent article by eMarketer.  The author points out that 40% of the companies feel their social media analysis efforts are “not effective,” and 47% say their efforts are only “somewhat effective, and a scant 13% of the companies feel that their efforts are “very effective.”

This is crazy, but it’s not a surprise. Clients are telling us that “automated” social media analytics providers that claim to do sentiment analysis do so at an abstracted level that causes too many false positives, and are therefore, unreliable.  On the other hand, they could opt for hand-crafted $250,000 reports that are more accurate, but are produced on small samples of data, and can take weeks or months to produce (hardly real-time and hardly affordable).  Further, across the board, little attention is being paid to understanding the underlying the context of social media conversations or the emotions of the author, which when accurately measured, tell us much more about the person behind the post.

The craziness stops – now.

Due to the extraordinarily high levels of dissatisfaction with sentiment analysis tools, Decooda has decided it’s time for the craziness to stop.  Today we are announcing an API based service that will enable clients to upload or stream any social media data directly into the Decooda platform so that we can “identify the person behind the post.” We will measure the context of the conversation, the authors state-of-mind, underlying emotions and predict behaviors in real-time.  To make this as simple as possible, Decooda will open the door to virtually every source of data; public social media data, private social media data, enterprise data, and even ingest data from other social media data providers, including: Radian6TM, NetBaseTM, SysomosTM, AlterianTM, and most all other providers.

What we will do for you.

Leveraging our proprietary cognitive and linguistic analytics algorithms and big-data platform, we will do the heavy lifting by automating the end-to-end data analysis process for Brand Marketers and Market Researchers. Specifically, we will help clients understand why certain emotions impact how customers think, feel, and act towards the products they’ve purchased and use, and most importantly, how those thoughts and feelings translate into behavior (i.e., return the product, recommend to friends, tweet about the product, etc.).

From these rich datasets and our advanced analytics, we derive human behavior.  For example, we know that, in general, women in their 30s with X education, Y income, and living in Z region are likely to experience A, B, & C emotions toward products, which translate in to “n” behaviors.  It is this level of analysis that allows brand marketers to accomplish the following:

  • Perform “topic” level analysis
  • Measure author state-of-mind
  • Measure underlying emotions
  • Predict behaviors
  • Monitor the social landscape for any combination of discrete variables: topic, state-of-mind, emotions, demographics, personality, etc.
  • Trended analysis of the social landscape
  • Understand how to engage in a relevant manner with the targeted audience in order to drive optimal results

So if you want the craziness to end, call Decooda, will help you get the most out of your investments by getting you the valuable insights you want, when you want them, at an affordable price.

Cheers,

David Johnson

678-761-5395

 

  • Radian6 is a registered trademark of Salesforce.com
  • Sysomos is a registered trademark of Sysomos, Inc.
  • Visible is a registered trademark of Visible Technologies
  • Alterian is a registered trademark of Alterian plc.
  • Crimson Hexagon is a registered trademark of Crimson Hexagon
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After my last blog post ( http://decooda.com/?p=782 ), several people asked me to explain more about the process we went through to perform the social media Country of Origin analysis we did for “BigCo” (de-identified Fortune 200 company).  Following is the explanation of the process and some ideas on how the process could be improved.

This was our second experience trying to solve a complex client challenge using another social media monitoring and text analysis company’s data (the first was with a large telecommunications firm).  Ultimately, we were very successful. Unfortunately, the process was overly complicated and time consuming, and the problem is that if we wanted to run the analysis again using the clients’ social media data providers’ data, we’d have to go through the same process…all over again.  However, there is really good news here. I believe this one experience opens the door to a new way to approach social media analytics that is more streamlined and cost effective.

The Client Challenge

“BigCo” wants to be able to identify the majority of Canadian social media posts among 5 million North American posts (Canadian and U.S. co-mingled posts) over a 2.5-year period.  The goal is to improve their competitiveness and increase sales by better understanding “Canadian” insights. This starts by correlating social media discourse attributes to market dynamics in order to intelligently refine tactics and strategies.  ”BigCo’s” AOR (agency of record) asked Decooda if they could do a proof-of-concept to prove/disprove the feasibility of being able to identify Canadian texts with an accuracy rate of at least 70%.  Note: It is believed that success with such a nuanced analysis will also be a good leading indicator for additional efforts in ethnicity and other types of demographic analysis.

The Process

We needed two sets of data to perform the analysis.  First, the AOR provided us with a general set of tens-of-thousands of North American social media posts that we would use as our test dataset to identify “Canadian” authored posts.  Apparently, the client’s current social media analytics vendor’s systems didn’t make it easy to export data considering it came in several individual files.  Second, the AOR provided us with another several thousand posts that could be validated as “Canadian” posts, what we call “gold-standard” data.  The gold-standard data was primarily from Canadian branded pages.  Therefore, we have a high degree of confidence these posts were, in fact, of “Canadian” origin.  The Decooda linguistics and cognitive science team then created linguistic models using the gold-standard data.

Once we had the two data sets, we needed to prep the data so it could be analyzed linguistically.  In this case, preparing the data means removing any remaining HTML artifacts, duplicates, injected ads, parsing the data and marking it up so it can be analyzed.  (Note: Companies that already have a social media analytics vendor are always surprised to find that their data needs additional cleaning, when to the human eye it looks “clean.”)

Once the data was prepared and the model (what will become an analytics Plug-in) was completed, we simply ran the analysis. We finished up with a validation process to test our accuracy, and our work was complete.

The Results

To test linguistic model accuracy, the team co-mingled gold-standard data with the general set of social media data and ran the analysis in order to assess their ability to appropriately tag “Canadian” posts.  The team then used the derived linguistic model to automatically identify Canadian posts, and voila, 76% accurate in identifying Canadian posts and 86% accurate in identifying US posts, approximately 82% accurate in total.

Rethinking the Approach

Although we were successful in performing this analysis, the process is far from streamlined.  We understand why many of the current social media and text analytics vendors might not want to let clients download an unlimited amount of data.  People may abuse access, and the pipe required to allow for the movement of huge amounts of data is extremely expensive. However, we think there is an alternative approach that will streamline the process, lowering risk and improving the client experience.

Decooda’s recommended approach would be to run the analytics against social media posts as they stream into the Decooda Platform in real-time.  As the data streams in, all appropriate sentiment and text analytics would be run on each post, and the measurements (metadata), along with the actual post data would be stored in an indexed database for filtered retrieval.   Further, as new social media data streams in, it too would be analyzed in the same manner, in real-time and stored in the database.

With the metrics now readily available, agencies and brand teams will not need to download the post data to perform an analysis outside of the system.  To get access to these metrics, the client will simply identify the relevant documents through a semantic filtering tool and download the metrics that have been appended to the data. Then, if required, the client or agency can run a deeper regression and cross-tab analysis on the data when combined with other transactional data (sales, loyalty, promotion, etc.).

Now, you might be wondering, what if we don’t have a metric the client wants. Simple. The client, their agency or Decooda can create a new analytics algorithm, what we call a Plug-in, and add it to the Decooda Plug-in Class Library.  Then we point the relevant data to the new Plug-in and append the new resulting metric to the data…again, one simple streamlines process.

The Results

Leveraging the Decooda approach, once the Plug-ins have been run against the data, the client just needs to press a button to receive the metrics.  All data can be exported as a CSV file, Excel file or the data could be streamed directly into an enterprise system.  Poof…all of the data downloading and data manipulation work goes away.   This simple, streamlined process will change the game for brand teams and agencies by offering a high-quality, real-time experience that will lead to better insights, lower operational costs and significantly improved client satisfaction.

However, we also realize that not every company is going to immediately switch to Decooda.  So in order to prove ourselves to companies using competitive social media and text analytics solutions, stay tuned for a solution that will allow Decooda to add value to virtually any client workflow…regardless of what social media and text analytics vendor they are using.

The Benefits

There are many benefits associated with this approach.  However, what stands out in my mind is that Decooda provides the only platform that is capable of addressing both the data mining and discovery process needs that so many agencies and brands are struggling with, while also addressing the client “listening and monitoring agenda”…all at web-scale and at real-time.

In addition, Decooda is not limited to social media data. Clients want to simultaneously analyze public social media data, private social media data and other enterprise data, including transactional data.  Our approach is feed independent, so we can bring it all together for you.

Call Decooda if you want to add value to your existing or new social media analysis process.  You will finally get what you want, when you want it, at an affordable price.

Happy New Year!

David Johnson

678-761-5395

 

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Decooda Country of Origin Analysis for “Big Co.” – Identifying Canadian/American Social Media Content Overview We were recently asked if we could perform a social media analysis to identify “Canadian” origin posts for a Fortune 250 consumer brand company.  The client already has a contract with one of the largest social media analytics solution providers, [...]

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  David Johnson Decooda interviewed about social media and big data analytics by NewMR (audio) Click on the following link to listen to the audio or download the podcast: http://bit.ly/vsdODJ  

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To learn more about the Decooda Market Research Assistant or to become a beta client click here: http://decooda.com/?p=765  

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Hi Everyone, Decooda had a big week last week, we won the 2011 NewMR/Greenbook Insights Innovation Competition. We essentially participated in a “Shark-Tank” like competition where we faced off with some stiff competitors presenting their own innovations for the Market Research community. It’s an honor to have won given the stiff competition we faced. This [...]

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Simply, the worlds most advanced survey assistant. Market Researchers have many sources of unstructured text to analyze: social media, enterprise communications, and verbatim responses to survey questions, to name just a few. To date, analyzing this information in order to extract meaningful insights has been tedious, time consuming and expensive. Decooda has developed a very [...]

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This is a repost of a conversation initiated by Steve Goldner on LinkedIn’sSOCIAL EXECUTIVE COUNCIL Steve’s Question: Social Media Influence and Scoring – Care or Don’t Care? David Johnson’s Response • Everyone should care, however, there is a healthy amount of skepticism in the market, primarily because the one-eyed giants have led clients down the wrong path [...]

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