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2016 North American Social Media Monitoring Tools
Product Line Strategy Leadership Award
2016
NORTH AMERICANSOCIAL MEDIA MONITORING TOOLS
PRODUCT LINE STRATEGY LEADERSHIP AWARD
2016
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 1 “We Accelerate Growth”
Contents
Background and Company Performance ........................................................................ 2
Industry Challenges .............................................................................................. 2
Product Line Strength and Customer Impact ............................................................ 2
Conclusion........................................................................................................... 2
Significance of Product Line Strategy ............................................................................ 7
Understanding Product Line Strategy Leadership ............................................................ 7
Key Benchmarking Criteria .................................................................................... 8
The Intersection between 360-Degree Research and Best Practices Awards ....................... 8
Research Methodology .......................................................................................... 8
Best Practices Recognition: 10 Steps to Researching, Identifying, and Recognizing Best Practices ................................................................................................................... 9
About Frost & Sullivan .............................................................................................. 10
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 2 “We Accelerate Growth”
Background and Company Performance
Industry Challenges
Frost & Sullivan research indicates how social media is becoming a core consumer and
business-user forum, and more companies now recognize the business value of social media
as a marketing, brand management, and customer service support tool1. Social media gives
additional insight into customers to influence sales, marketing, and business strategies, as
well as gauge effectiveness, threats, and opportunities. The proper use of social media can
also deepen the relationship between a brand or company and the audience.
Social media marketing is not a new idea; most companies of all sizes have social media
accounts. With every post, tweet, photo, like, and comment, a large amount of data is
available as part of the potential roadmap to company success. Frost & Sullivan identifies
an opportunity to gain a complete picture of a customer’s behavior by combining external
and internal data (e.g., sales reports, customer purchase histories, and other tracked
information), as well as maintaining the company’s healthy brand through social media
monitoring. Social media monitoring is a relatively new practice, and the market is still
emerging. The key challenge in this market is ensuring that companies understand that all
insight gathered from social media is actionable, resulting in a high return on investment
(ROI), successful integration with other data sources, and understanding as to how to
satisfy their target audience.
Frost & Sullivan recognizes the Sysomos social intelligence engine which collects data from
blogs, Twitter, social networks, message boards, wikis, and major news sources with
contextual text analytics and sophisticated data-mining technology2. The product line
offers a platform for social media listening to multiple brand-monitoring, giving an
advantage to any company’s social media strategy and turning social insights into
actionable data.
Product Line Strength and Customer Impact
Founded in Toronto, Canada with a home office in San Francisco, California, Sysomos ’
product line has grown from its first two established products—Social Media Analytics
Simplified (MAP) and Heartbeat—to seven products featuring new abilities such as image
monitoring and integration with other social media analytics. Companies can now keep
pace with the newest social media capabilities with Sysomos’ comprehensive product line.
Breadth of the Product Line
The company breached the market with its two flagship products: MAP and Heartbeat. The
market trend of social listening and monitoring paved the way for these two products as
well as the five others in the Sysomos offering:
1 See Frost & Sullivan’s Analyzing Customers’ Social Voices: Companies are Turning to Social Media Analytics to
Gain Customer Insights, (9857-00-41), November 2013 2 See Frost & Sullivan’s Refining Social Media Marketing Strategies: Personalization, Monetization, Responsiveness, and Channel Integration Key, (9857-76), February 2016
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 3 “We Accelerate Growth”
MAP: The Sysomos MAP application searches social media conversations. Its text
analytics feature uncovers and deep dives into sentiment, topics, and trends. Its
Tweet Life solution discovers where any tweet started, who spread it, what inspired
that interest, and how many times it was retweeted and shared.3
Heartbeat: Sysomos Heartbeat monitors and measures all relevant online
conversations so companies can track and measure campaigns. It also enables
client companies to publish content across social channels within one platform.4
Expion: A platform companies can use to plan, schedule, and publish any content
from one centralized workspace. Sysomos Expion allows companies to monitor all
brands, influencers, and insights into what is and what is not working for better
decision-making in their social media strategies across the globe.
Optimize: A tool to target and optimize social media and communications outreach
by identifying important conversations and the people having them. Through this
tool, companies can monitor specific users on one easy dashboard and actively
search for more users to add.
Gaze: A tool featuring powerful image recognition technology to bring all images of
a company’s brand to light. Companies proactively manage their brand as well as
engage the originator of the image.
Influence: A tool that allows the easy identification of the key influencers of a
brand, product, or service for companies. Companies gain additional insight such as
reach, what the influencers are saying, and how to best contact them.
Scout [beta]: This tool aggregates all interactions important to the company from
Facebook, presented in a user-friendly dashboard. Companies can compare and
contrast competitors’ reach, and brand performance on other channels.
3 See Frost & Sullivan’s Refining Social Media Marketing Strategies: Personalization, Monetization, Responsiveness,
and Channel Integration Key, (9857-76), February 2016 4 See Frost & Sullivan’s Refining Social Media Marketing Strategies: Personalization, Monetization, Responsiveness,
and Channel Integration Key, (9857-76), February 2016
Source: Sysomos
Sysomos MAP Dashboard
Source: Sysomos
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 4 “We Accelerate Growth”
Though each tool has a different purpose, they all revolve around the same idea of turning
insight into action for smarter social media marketing strategies. Frost & Sullivan
identifies the importance of integrating with the different channels to create a 360˚
customer view to have an advantage in a social media strategy and the Sysomos product
line provides that advantage.
A Scalable Product Line with Great Price/Performance Value
Frost & Sullivan research shows that social media has been the fastest growing
communication channel over the last two years5. Approximately 65% of American adults
used social networking sites in 2015, radically changed from 7% in 2005. Companies can
no longer count on organic results from their social media channels, but rather need a
competitive strategy and the tools to monitor while taking market share away from
competitors. In this sense, the social media monitoring tools market will soon be
commoditized as the market matures.
Frost & Sullivan commends Sysomos for recognizing the differences in company needs and
giving its customers a flexible and valuable system to utilize the right tools. Currently, the
company offers each tool individually, the first four (MAP, Heartbeat, Optimize, and
Influence) in Sysomos Everything Together (SET), and is pursuing a deal with all seven at
a reasonable price. SET allows customers and agencies to actualize results from a single,
integrated platform and brings together the richness of Sysomos’ best-in-class product
portfolio to drive relevant and meaningful engagement with their customers. Individual
prices vary from product to product and are based on the licensing requirements, specific
campaign targeting, query-based pricing for listening and monitoring, visual image
quantity for visual analytics, and social connection-based pricing for owned and publishing
brands.
Each purchase includes in-depth training and a dedicated social media specialist who will
optimize and guide the customer to best achieve its social media goals. Innovation to the
product line is based on customer feedback and listening, as Sysomos strives to do things
that others do not, while ensuring that its products work great on their own, and integrate
with one another on an user-friendly interface.
5 See Frost & Sullivan’s Refining Social Media Marketing Strategies: Personalization, Monetization, Responsiveness,
and Channel Integration Key, (9857-76), February 2016
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 5 “We Accelerate Growth”
Sysomos’ Current and
Future Growth Strategy
Since entering the market with
its flagship social media
monitoring tools, Sysomos
continues an excellent strategy
to sustain consistent growth.
The company acquired leading
tools such as GazeMetric (for
Sysomos Gaze) and Expion (for
Sysomos Expion) to further its
offering and gain greater
market share (see Sysomos
Expion example left).
The addition of Expion gave
Sysomos added robust
content management and
publishing capabilities to its
data analytics platform.
Additionally, the acquisition
of both Expion and
GazeMetric offered the
company growth into more
countries and the opening of
additional offices in
Singapore and Shanghai.6
With the GazeMetric
acquisition, Sysomos became the first social intelligence platform to expand into visual
listening7 (see Sysomos Gaze example on right above).
Sysomos identifies more opportunities for growth with its partners program, offering
standard resell and value-added partnership contracts. The company offers an intuitive
application program which interfaces on all its products for easy integration into other
technology by partners as a value-added feature. Through partnerships with social media
powerhouses such as Facebook, GooglePlus, Instagram, Pinterest, LinkedIn, Weibo,
WeChat, and Twitter, Sysomos is kept abreast at the newest innovations to these
platforms and can update its data analytics and monitoring platforms accordingly.
Currently, the company has 55 global partners spanning across Austrailia, New Zealand,
parts of Europe, Asia, and North America. Partners are more often agencies and
consultants and a substantial part of the company’s overall revenue, along with individual
company purchases.
6 See http://www.expion.com/sysomos-acquires-expion/ 7 See https://blog.sysomos.com/2015/09/16/welcome-gazemetrix/
Sysomos Expion Content Discovery
Source: Sysomos
Sysomos Gaze Photo Monitor
Source: Sysomos
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 6 “We Accelerate Growth”
The company plans to expand more into Latin America due to the social media revolution
the region is undergoing and the vacant space for outreach. The product line offers
translation in over 186 languages, allowing companies to translate tweets or posts in
other languages about their brand or products to their native language. Sysomos has
users in over 94 countries—approximately 48% of the world8.
Sysomos Growth and Market Presence
Overall, Sysomos has grown considerably since its emergence in the market. The global
company presence includes offices in Toronto, Canada; New York City, New York; London,
England; San Francisco, California; Singapore; Shanghai, China; Raleigh, North Carolina;
Sunnyvale,California; and Fredricton, Canada. Sysomos identifies over 500% revenue
growth since 2012, attributed to the rising value of social analytics as a core business
driver and tool, and the deeper adoption and penetration within both existing and new
customers. Frost & Sullivan forecasts that industries who have not seen adoption will
soon, contributing to the social media monitoring and analytics market’s growth.
Conclusion
There is a lot more to be said through social media about a brand than many companies
realize. With the growing number of channels and users of all ages utilizing these
enhanced communication tools, there needs to be a solid strategy to prove the return on
investment through social media outreach. Sysomos has greatly enhanced its offerings
from two impressive products to seven, covering all aspects of social media listening for
companies with one or multiple brands to monitor, furthering the social media monitoring
tools market growth. With the support of Sysomos’ tools, companies can turn insights into
action and satisfy target audiences.
Because of its strong focus on innovation through social media monitoring tools and
turning insights into action, Sysomos is recognized with Frost & Sullivan’s 2016 North
American Product Line Strategy Leadership award in the Social Media Monitoring Tools
market.
8 See https://blog.sysomos.com/2015/12/18/sysomos-in-2015/
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 7 “We Accelerate Growth”
Significance of Product Line Strategy
Ultimately, growth in any organization depends upon customers purchasing from your
company, and then making the decision to return time and again. A full, comprehensive
product line that addresses numerous customer needs and preferences is therefore a
critical ingredient to any company’s long-term retention efforts. To achieve these dual
goals (customer value and product line strength), an organization must be best-in-class in
three key areas: understanding demand, nurturing the brand, and differentiating from the
competition.
Understanding Product Line Strategy Leadership
As discussed above, driving demand, brand strength, and competitive differentiation all
play a critical role in delivering unique value to customers. This three-fold focus, however,
must ideally be complemented by an equally rigorous focus on building a superior and
comprehensive product line.
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 8 “We Accelerate Growth”
Key Benchmarking Criteria
For the Product Line Strategy Leadership Award, Frost & Sullivan analysts independently
evaluated two key factors—Product Line Strength and Customer Impact—according to the
criteria identified below.
Product Line Strength
Criterion 1: Breadth
Criterion 2: Scalability
Criterion 3: Technology Leverage
Criterion 4: Features
Criterion 5: Growth Strategy
Customer Impact
Criterion 1: Price/Performance Value
Criterion 2: Customer Purchase Experience
Criterion 3: Customer Ownership Experience
Criterion 4: Customer Service Experience
Criterion 5: Brand Equity
The Intersection between 360-Degree Research and Best
Practices Awards
Research Methodology
Frost & Sullivan’s 360-degree research
methodology represents the analytical
rigor of our research process. It offers a
360-degree-view of industry challenges,
trends, and issues by integrating all 7 of
Frost & Sullivan's research methodologies.
Too often, companies make important
growth decisions based on a narrow
understanding of their environment,
leading to errors of both omission and
commission. Successful growth strategies
are founded on a thorough understanding
of market, technical, economic, financial,
customer, best practices, and demographic
analyses. The integration of these research
disciplines into the 360-degree research
methodology provides an evaluation
platform for benchmarking industry
players and for identifying those performing at best-in-class levels.
360-DEGREE RESEARCH: SEEING ORDER IN
THE CHAOS
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 9 “We Accelerate Growth”
Best Practices Recognition: 10 Steps to Researching,
Identifying, and Recognizing Best Practices
Frost & Sullivan Awards follow a 10-step process to evaluate award candidates and assess
their fit with select best practice criteria. The reputation and integrity of the Awards are
based on close adherence to this process.
STEP OBJECTIVE KEY ACTIVITIES OUTPUT
1 Monitor, target, and screen
Identify award recipient candidates from around the globe
Conduct in-depth industry research
Identify emerging sectors Scan multiple geographies
Pipeline of candidates who potentially meet all best-practice criteria
2 Perform 360-degree research
Perform comprehensive, 360-degree research on all candidates in the pipeline
Interview thought leaders and industry practitioners
Assess candidates’ fit with best-practice criteria
Rank all candidates
Matrix positioning all candidates’ performance relative to one another
3
Invite thought leadership in best practices
Perform in-depth examination of all candidates
Confirm best-practice criteria Examine eligibility of all
candidates Identify any information gaps
Detailed profiles of all ranked candidates
4
Initiate research director review
Conduct an unbiased evaluation of all candidate profiles
Brainstorm ranking options Invite multiple perspectives
on candidates’ performance Update candidate profiles
Final prioritization of all eligible candidates and companion best-practice positioning paper
5
Assemble panel of industry experts
Present findings to an expert panel of industry thought leaders
Share findings Strengthen cases for
candidate eligibility Prioritize candidates
Refined list of prioritized award candidates
6
Conduct global industry review
Build consensus on award candidates’ eligibility
Hold global team meeting to review all candidates
Pressure-test fit with criteria Confirm inclusion of all
eligible candidates
Final list of eligible award candidates, representing success stories worldwide
7 Perform quality check
Develop official award consideration materials
Perform final performance benchmarking activities
Write nominations Perform quality review
High-quality, accurate, and creative presentation of nominees’ successes
8
Reconnect with panel of industry experts
Finalize the selection of the best-practice award recipient
Review analysis with panel Build consensus Select winner
Decision on which company performs best against all best-practice criteria
9 Communicate recognition
Inform award recipient of award recognition
Present award to the CEO Inspire the organization for
continued success Celebrate the recipient’s
performance
Announcement of award and plan for how recipient can use the award to enhance the brand
10 Take strategic action
Upon licensing, company may share award news with stakeholders and customers
Coordinate media outreach Design a marketing plan Assess award’s role in future
strategic planning
Widespread awareness of recipient’s award status among investors, media personnel, and employees
BEST PRACTICES RESEARCH
© Frost & Sullivan 2015 10 “We Accelerate Growth”
About Frost & Sullivan
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