Showing posts with label social networks. Show all posts
Showing posts with label social networks. Show all posts

Saturday, 5 February 2011

Traditional BI teams are missing the boat on social analytics

Being a natural owl and not a lark, it takes something really important or deeply interesting to get me into the City for a 7.30 am breakfast meeting. Ed Thompson of Gartner speaking on how Sales, Marketing and Customer Services are making use of social media last week more than qualified.

The focus was not the usual 'if facebook were a country' hype but very much on how ordinary businesses are adapting to the world of social media and getting ahead through practical application of new and innovative solutions. Interestingly, the most common applications are brand monitoring and company watching in the form of B2B CRM and Competitive Intelligence. Sectors already adopting include Retail, Hi-Tech, Media and Consumer Goods businesses.

Insight came thick and fast but one thing that stood out was that IT are nowhere to be seen. This is, at least, partially because these are new solutions, usually cloud based and IT involvement isn't mandatory. However, with the internal department involved in less than 2 out of 10 initiatives, they are getting left behind. It could be argued that they only have themselves to blame. When I work with my customers and they tell me that a new server will take 15 weeks to build or that it will be 8 weeks before a new report will run for the first time then I find it difficult to side with the 'professionals'. Business cycles are getting shorter and shorter whilst IT surrounds themselves with processes and models designed to reduce risk, increase quality and security but that also kick delivery dates so far over the horizon that the business have stopped asking for help.

Those that are involved are busy defining standards, mandating architectures and generally slowing things down. My advice to IT departments, BI teams and competency centres involved in such activity is stop. Just stop.Things are moving quickly and by the time you have updated the version control on your feasibility study, it's out of date. Now is the time for adoption and execution (Ed's words not mine, btw) The business needs support in getting information on what their customers are saying about their products or the latest marketing campaign. The sales team want to identify reasons to pick up the phone and sell to their prospects and they want it embedded in their CRM systems and processes. Marketing want to understand what competitors are doing, if they are forming new partnerships, announcing new products and how the market is responding. All of this, delivered regularly and routinely, is becoming as critical as daily sales, fulfilment, basket analysis or the senior management team's dashboards.

As information professionals we should be helping the business corral the world of social media and on-line content. We should be investing time in understanding the new challenges and opportunities that semantic and content analytics represent.  We should also be embracing, experimenting and learning from the emerging technologies that address them. Most of all we should be adopting and implementing.

The growth of SaaS means that the business has a choice now. When it comes to social analytics the early adopters are looking at a range of vendors with innovative solutions that require no more implementation than adding a new bookmark. Then they are looking at their IT teams who are offering them a four page 'IT request approval' form. Where would you go?

Sunday, 9 January 2011

What 127 Hours Tells us About Social Networks

In an interview this week for Mark Kermode's Film Review show, Danny Boyle made it clear that he used the success of Slumdog to make a film that might otherwise not have been made. To leverage the success of 2010 most acclaimed film is an indication that 127 hours is more than this years 'would you?' movie.

For those few that have not yet heard about it, it is the true story of Aron Ralston who gets trapped under a boulder whilst canyoneering alone in Utah. The desperate measure that he takes to free himself is well documented so it is not giving anything away to say that he was trapped by his arm, he has a multi-tool (a really cheap one) and a little under 127 hours to debate if he should ... or should not.

Before, I go on you might be wondering what's the connection between BI and Social Networks let alone the connection between Danny Boyle's latest movie and Social Networks. Those that follow my posts and tweets will know that Social platforms interest me because I think they are changing the way we share and use information in business and will profoundly change the Business Analytics space over the coming years. A social platform has already made it into IBM Cognos 10 because these guys, again, are ahead of the game. Many don't see it yet because the original use of social platforms have trivialised their significance but it's there nonetheless.

Back to the connection. Aron Ralston, played by James Franco, is an all-American hero. He's young, fit, strong, intrepid and independent. He is good at what he does, he has spent a lot of time in his chosen wilderness and is able to navigate it with speed and ease. In fact, at one point in his story, he briefly but convincingly takes the role of park guide. The hopelessness of his literal and figurative fall takes a long time to sink in for our hero. Indeed, when it does dawn on him that he could have shared his hiking plan with his friends or family it wouldn't be exaggerating to call it an epiphany. It's clearly a powerful realisation for Aron that he's not a hero, he's an arse.

There is a moment in the movie where Aron says 'thank you'. It's a strange moment. I don't want to give away why it is strange but if you see the movie, you will know why. For me, it was significant because he knew that if he made it home alive (which was still, by no means certain) then he would be changed forever. He would live the rest of his life in the knowledge that however strong, smart and experienced he was that those tiny connections we all make each day matter. Sometimes in small ways because it's just about about sharing. Sometimes in significant and surprising ways.

For me, I am continually and pleasantly surprised by what I learn on the subjects of analytics, organisational leadership, productivity, start-ups and social media in my twitter stream. It's full of links to content that cover important ideas from solid thinkers. Admittedly none of them are life-saving but, at a stretch, a rare few might be described as life-changing. Each of them make a tiny but positive difference and sometimes someone in my network helps me (or me them) in a game changing way.