FreshNetworks Blog

I’ve just been playing with FourWhere. It’s a mashup of Foursquare location data and the Google Maps API. It has been built using the Sysomos social media monitoring tool

It is neither as fun as PleaseRobMe nor as useful as Wikitude, but it is mildly interesting to see what is being said at venues near me. And more features are promised in the future.

Most of all, this mashup reminds me of why I have been impressed with Sysomos recently. Sysomos is behind this mashup and they are  one of many Social Media Monitoring tools that we use. Over the past month they have really cranked up their PR efforts and seem to be emailing me with news every week. For examples see their analysis of Oscars buzz and their look at how people use YouTube.

In the next month we’ll be releasing a study of buzz tracking tools (subscribe to the blog to ensure you get to see it) and Sysomos have scored highly with many of our team. Their tool is very easy to use – especially good if you are likley to have multiple people from your company accessing your social media monitoring dashboard. They also allow for post-search filtering of results; essential for international or multi-segmented buzz tracking projects. And they also offer a simple influencer search.

There are drawbacks – for example,  I would treat the sentiment analysis with care. One test we ran on blog sentiment showed a 40% innacuracy in sentiment analysis (once you strip out neutral comments). But overall, it’s a good tool if put to proper use. They are definitely one of the market leaders and we look forward to telling you how they compare to Radian6, Neilsen Buzz Metrics, Alterian and many more over the next few weeks.

Last week I attended an event on social media measurement and ROI as part of Social Media Week London. There were a lot of issues flying about such as ‘the meaning of ROI’, ‘campaign objectives or strategic objectives’. And some interesting perspectives from the panel on all of these topics and some discussions with the crowd. However one of the more important points discussed  was the use and relevance of objective setting. It was refreshing to take a step back and remember that with all this emphasis on objectives and direct results that we don’t forget that engaging in social media will usually help in ways that you never intended and objective setting can sometimes narrow your focus.

I have personally been working on evaluating some of our 2009 social media engagements, showing how this engagement met the initial objectives that were laid out as the foundations for undertaking the projects. After sifting through a lot of analytics, community data, and online buzz monitoring there were some really good results. The nicer part of this however was looking at some of the data and seeing the impact that a campaign had, that you would never have intended or expected it to.

A community that we have recently launched was set up with a view to strengthen the brand among a younger target audience, become an authority in its category and drive insight through the business. The campaign is doing very well in meeting these objectives, but we have also noticed that we have driven a lot of questions from people abroad and have been able to help international customers feel closer to the business and given them the ability to ask questions that they are restricted in asking due to the lack of stores in their country.

This is one of many examples that I have come across of social media adding value to a business that was never originally forecast or planned. I agree strongly that to make engagement a success and not open your company up to unwanted activity then you have to have clear objectives but make sure that your measurement is not as focussed as your objectives because you will miss out on value that you never intended.