chp1 PDF
chp1 PDF
chp1 PDF
● Social media analytics is the process of extracting valuable insights from social media
data to perform decision making.
● Social media data includes structured and semistructured data.
● It is an art and science, as it involves systematically identifying, extracting, and
analyzing social media data using sophisticated tools and techniques.
● By analyzing social media data, businesses can increase brand loyalty, generate leads,
drive traffic, and make forecasts.
● Social media analytics can also be used to increase awareness of a brand and drive
users to a website for the latest news and information.
Purpose of Social Media Analytics
● The purpose of social media analytics is to enable informed decision making by leveraging social media data. This
involves answering questions such as:
○ What are customers saying about a brand or product on social media?
○ Which content posted on social media is resonating more with customers?
○ How can social media data be used to improve products or services?
○ Is the social media conversation about a company, product, or service positive, negative, or neutral?
○ How can social media be used to promote brand awareness?
○ Who are the influential followers, fans, and friends on social media?
○ Who are the influential nodes (people and organizations) on social media and their position in the network?
○ Which social media platforms are driving the most traffic to a corporate website?
○ Where are the social media customers located geographically?
○ Which keywords and terms are trending on social media?
○ How active is social media in a business and how many people are connected with the company?
○ Which websites are connected to a corporate website?
○ How are competitors performing on social media?
Social Media Vs Traditional Business Analytics
● The main difference between social media analytics and traditional business analytics is the
source, type, and nature of the data being mined.
● Social media analytics involves the collection, analysis, and interpretation of semistructured and
unstructured social media data, while traditional business analytics uses structured and
historical data.
● Social media data is diverse, high volume, real-time, and stored in third-party databases in
semistructured and unstructured formats, while traditional business data is mostly stored in
databases and spreadsheets in machine-readable format.
● Social media data is socialized in nature and originates from the public internet, while traditional
business data is bureaucratic and formal in nature and is controlled by organizations.
● The value of social media data is determined by the extent to which it is shared with other social
entities, while the value of traditional business data is often confined within organizational
databases and serves as a source of competitive advantage.
Social Media Vs Traditional Business Analytics
Social Media Vs Traditional Business Analytics
Seven Layers of Social Media Analytics
● Social media has a minimum has seven layers of data (Figure 2).
● Each layer carries potentially valuable information and insights that can be
harvested for business intelligence purposes.
● Out of the seven layers, some are visible or easily identifiable (e.g., text and
actions) and other are invisible (e.g., social media and hyperlink networks).
● The following are seven social media layers
○ 1. Text
○ 2. Networks
○ 3. Actions
○ 4. Hyperlinks
○ 5. Mobile
○ 6. Location
○ 7. Search engines
Seven Layers of Social Media Analytics
Seven Layers of Social Media Analytics
Social media analytics involves analyzing data from seven layers:
1. Text: This includes the content of social media posts, such as comments, tweets, blog
posts, and Facebook status updates. It is used to understand user sentiments and
identify emerging themes and topics.
2. Networks: This includes the connections between users and the relationships between
them, such as followers and friends on social media. It is used to identify influential
nodes (people and organizations) and their position in the network.
3. Actions: This includes the actions taken by users on social media, such as likes,
comments, shares, and other interactions. It is used to measure popularity, influence,
and prediction in social media.
Seven Layers of Social Media Analytics
Social media analytics involves analyzing data from seven layers:
4. Mobile(apps): This includes data related to the use of social media on mobile
devices, such as the type of device used, the operating system, and the location of the
user. It is used to measure and optimize user engagement with mobile applications.
5. Hyperlinks: This includes the links between social media posts and other websites,
as well as the content of those linked websites. It is used to reveal Internet traffic
patterns and sources of incoming or outgoing traffic.
6. Location: This includes data on the geographical location of users and the location-
specific content they engage with on social media. It is used to mine and map the
locations of social media users, content, and data.
7. Search engines: This includes data on how users find and access social media
content through search engines, as well as the keywords they use in their searches. It is
used to analyze historical search data for trends analysis, keyword monitoring, and
advertisement history.
Social Media Analytics Types
There are three main types of social media analytics:
1. Descriptive analytics: This involves gathering and describing social media data in the
form of reports, visualizations, and clustering to understand a business problem.
Examples include actions analytics (e.g., number of likes, tweets, and views) and text
analytics.
2. Predictive analytics: This involves analyzing large amounts of accumulated social
media data to predict a future event. For example, analyzing social media posts to
predict future purchasing behavior or using historical website visits to predict future
sales figures.
3. Prescriptive analytics: This involves suggesting the best action to take when handling
a scenario based on analyzing patterns of behavior. It has not yet been widely applied
to social media data.
Social Media Analytics Lifecycle
Social Media Analytics Lifecycle
● The social media analytics process involves six steps to mine desired business insights
from social media data.
● The process begins with defining business goals and objectives, and continues until
these objectives are fully satisfied.
Step1 - Identification
● The identification stage of social media analytics involves finding the right sources of data
to analyze in order to gain valuable business insights.
● The numbers and types of users and information (such as text, conversation, and networks)
available over social media are huge, diverse ,multilingual, and noisy. Thus, framing the right
question and knowing what data to analyze is extremely crucial in gaining useful business
insights.
● The data should be aligned with the business's objectives and can come from both official
business-owned platforms, such as social media accounts and blogs, and nonofficial
platforms such as Google search trends or Twitter search stream data.
● It is important to consider the business objectives when identifying the sources and types of
data to be analyzed.
Step2 - Extraction
● The extraction stage of social media analytics involves using appropriate methods and
tools to gather data from identified sources.
● This can include manual data collection for small-scale data and automated extraction
using APIs (application programming interfaces) for larger data sets.
● It is important to consider privacy and ethical issues when mining data from social
media platforms and to have a clear social media privacy policy in place to ensure that
data handling and extraction practices do not violate user privacy.
● Specialized tools may be needed to extract certain types of data, such as social
network and hyperlink network data.
Step3 - Cleaning
● The cleaning step in social media analytics involves removing unwanted data from the
collected data set.
● This can involve processes such as coding, filtering, clustering, and natural language
processing to remove irrelevant data. (Text analysis using NLP)
● Both automated and manual techniques may be used for cleaning, depending on the
type of data and the desired level of accuracy.
● The approach and techniques used will depend on the type of data being analyzed and
the tools and algorithms employed.