Social Media Analytics tools – 2016 Map

In Big Data, Data Management, IT Strategy & Management by IRM UK0 Comments

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The growth of social media over the past decade has significantly influenced the way companies can listen and engage with their customers. For companies already embarked on the Big Data analytics journey, making sense of social media data come high on their agenda. For those companies that haven’t yet invested in the field of Big Data analytics, better understanding their customers through social media analytics looks appealing. But how can companies, both analytically mature and not, grab the full benefits of these data?

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Laurent Fayet, Big Data Analytics Expert, LBFAYET Consulting SPRL

Laurent’s LinkedIn Profile   Article Previously published here 

 

Before deciding to get support from Big Data consultancy firms or invest in specialised tools to perform social media analytics, companies should first perform a scope assessment and determine what their analytics vision is when it comes to this specific type of data, e.g.:

  • Identify trends through social listening
  • Understand customers’ feedbacks, comments, posts
  • Identify insights to drive corporate strategy
  • Improve engagement on social networks
  • Understand and monitor audience
  • Benchmark competition
  • Optimize marketing efforts
  • Etc.

This article focuses on the tools which can help companies achieve these objectives. Inspired by the work of Matt Turck (Big Data Landscape), who brilliantly created a Big Data Landscape which aim at presenting existing tools in this area, I wanted to come up with a similar view specifically dedicated to Social Media Analytics tools. This analytical domain is constituted of a large variety of tools and solutions and finding its way can be tricky.  Although the overview is not exhaustive, it presents a vast majority of existing tools which have been grouped in 4 categories:

  • Social listening/ intelligence platform: tools providing an enterprise wide platform for social intelligence allowing to listen to social media, analyse and identify insights
  • Social media analytics: tools focusing on social media performance and statistics through analysis of audience, posts and influencers
  • Social media management: tools enabling the organisation and management of social media activity, understanding social presence, brand and product reach, customer engagement
  • Text analytics for social media: text mining and sentiment analysis tools with a specific social media component and/or connectors

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To view the Map in full screen, please click here

Social Media Analytics is a very interesting and challenging domain within Big Data analytics. Its associated benefits can be sizeable for companies which understand its value and know how to leverage it. To do so, defining the right strategy and approach will be key in ensuring the success of Social Media Analytics. For more information and/ or advice, please contact LBFC sprl (i[email protected])  The 2016 map is the first version and will be amended regularly for new tools, changes in product positioning and errors. The 4 categories presented in the map might evolve over time depending on the need for further detailing.

Disclaimer:

Copyright © 2016 Laurent Fayet, LBFAYET Consulting SPRL

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